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ADVANCED CARDIOVASCULAR CENTER, INC. CASH BALANCE DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameADVANCED CARDIOVASCULAR CENTER, INC. CASH BALANCE DEFINED BENEFIT PENSION PLAN
Plan identification number 002

ADVANCED CARDIOVASCULAR CENTER, INC. CASH BALANCE DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

ADVANCED CARDIOVASCULAR CENTER, INC . has sponsored the creation of one or more 401k plans.

Company Name:ADVANCED CARDIOVASCULAR CENTER, INC .
Employer identification number (EIN):208952950
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ADVANCED CARDIOVASCULAR CENTER, INC. CASH BALANCE DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01AMJAD IQBAL2022-05-31 AMJAD IQBAL2022-05-31
0022021-01-01AMJAD IQBAL2022-05-31 AMJAD IQBAL2022-05-31
0022020-01-01AMJAD IQBAL2021-10-12
0022019-01-01JULIE EVANS2020-10-06
0022018-01-01AMJAD IQBAL2019-08-21 AMJAD IQBAL2019-08-21
0022017-01-01AMJAD IQBAL2018-10-11 AMJAD IQBAL2018-10-11
0022016-01-01JULIE EVANS2017-10-03 JULIE EVANS2017-10-03
0022015-01-01AMJAD IQBAL2016-10-07 AMJAD IQBAL2016-10-07
0022014-01-01AMJAD IQBAL2015-10-09
0022013-01-01AMJAD IQBAL2014-10-07
0022012-01-01AMJAD IQBAL2013-09-26 AMJAD IQBAL2013-09-26
0022011-01-01AMJAD IQBAL2012-10-10 AMJAD IQBAL2012-10-10
0022010-01-01AMJAD IQBAL2011-10-07 AMJAD IQBAL2011-10-07

Plan Statistics for ADVANCED CARDIOVASCULAR CENTER, INC. CASH BALANCE DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for ADVANCED CARDIOVASCULAR CENTER, INC. CASH BALANCE DEFINED BENEFIT PENSION PLAN

Measure Date Value
2021: ADVANCED CARDIOVASCULAR CENTER, INC. CASH BALANCE DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-312,781,828
Acturial value of plan assets2021-12-312,781,828
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-311,914,202
Number of active participants2021-12-318
Total funding liabilities for active participants2021-12-311,914,202
Total participant count2021-12-318
Total funding target for all participants2021-12-311,914,202
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-31246,259
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31246,259
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-3127,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-3113,384
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-3113,384
Net shortfall amortization installment of oustanding balance2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-3113,384
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: ADVANCED CARDIOVASCULAR CENTER, INC. CASH BALANCE DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-312,308,901
Acturial value of plan assets2020-12-312,308,901
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-311,823,261
Number of active participants2020-12-319
Total funding liabilities for active participants2020-12-311,823,490
Total participant count2020-12-319
Total funding target for all participants2020-12-311,823,490
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-31254,493
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31254,493
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-31255,685
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31246,259
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-3120,303
Net shortfall amortization installment of oustanding balance2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31246,259
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: ADVANCED CARDIOVASCULAR CENTER, INC. CASH BALANCE DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-311,941,173
Acturial value of plan assets2019-12-311,941,173
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-312
Fundng target for terminated vested participants2019-12-3111,775
Active participant vested funding target2019-12-311,737,665
Number of active participants2019-12-317
Total funding liabilities for active participants2019-12-311,737,665
Total participant count2019-12-319
Total funding target for all participants2019-12-311,749,440
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-31127,263
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31127,263
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31263,774
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31254,493
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-3120,670
Net shortfall amortization installment of oustanding balance2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31254,493
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: ADVANCED CARDIOVASCULAR CENTER, INC. CASH BALANCE DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-311,491,326
Acturial value of plan assets2018-12-311,491,326
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-316,960
Active participant vested funding target2018-12-311,625,941
Number of active participants2018-12-316
Total funding liabilities for active participants2018-12-311,625,941
Total participant count2018-12-317
Total funding target for all participants2018-12-311,632,901
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3185
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3185
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31169,836
Total employee contributions2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31165,836
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-3115,461
Net shortfall amortization installment of oustanding balance2018-12-31141,575
Total funding amount beforereflecting carryover/prefunding balances2018-12-3138,573
Additional cash requirement2018-12-3138,573
Contributions allocatedtoward minimum required contributions for current year2018-12-31165,836
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: ADVANCED CARDIOVASCULAR CENTER, INC. CASH BALANCE DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-311,474,769
Acturial value of plan assets2017-12-311,474,769
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-311,436,303
Number of active participants2017-12-317
Total funding liabilities for active participants2017-12-311,436,638
Total participant count2017-12-317
Total funding target for all participants2017-12-311,436,638
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-312,906
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-312,906
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31122,432
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31114,165
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31152,211
Net shortfall amortization installment of oustanding balance2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31114,080
Additional cash requirement2017-12-31114,080
Contributions allocatedtoward minimum required contributions for current year2017-12-31114,165
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: ADVANCED CARDIOVASCULAR CENTER, INC. CASH BALANCE DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-311,176,889
Acturial value of plan assets2016-12-311,176,889
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-311,226,805
Number of active participants2016-12-317
Total funding liabilities for active participants2016-12-311,226,805
Total participant count2016-12-318
Total funding target for all participants2016-12-311,226,805
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31878
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31878
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31175,509
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31163,648
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31152,385
Net shortfall amortization installment of oustanding balance2016-12-3149,916
Total funding amount beforereflecting carryover/prefunding balances2016-12-31160,742
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31160,742
Contributions allocatedtoward minimum required contributions for current year2016-12-31163,648
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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