PHILLIP M. STERN & CO. DEFINED BENEFIT PLAN 401k Plan overview

PHILLIP M. STERN & CO. DEFINED BENEFIT PLAN Benefits

401k Sponsoring company profile

Company Name:	PHILIP M. STERN & CO.
Employer identification number (EIN):	261449853
NAIC Classification:	541211
NAIC Description:	Offices of Certified Public Accountants

Form 5500 Filing Information

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01
001	2015-01-01
001	2014-01-01
001	2013-01-01

Plan Statistics for PHILLIP M. STERN & CO. DEFINED BENEFIT PLAN

Measure	Date	Value
2022: PHILLIP M. STERN & CO. DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets	2022-12-31	1,123,569
Acturial value of plan assets	2022-12-31	1,123,569
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	2
Fundng target for terminated vested participants	2022-12-31	7,732
Active participant vested funding target	2022-12-31	991,612
Number of active participants	2022-12-31	21
Total funding liabilities for active participants	2022-12-31	1,053,055
Total participant count	2022-12-31	23
Total funding target for all participants	2022-12-31	1,060,787
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	94,449
Amount remaining of prefunding balance	2022-12-31	94,449
Present value of excess contributions	2022-12-31	24,257
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	25,521
Balance of prefunding at beginning of current year	2022-12-31	95,582
Minimum required contributions for current year target normal cost	2022-12-31	48,817
Net shortfall amortization installment of oustanding balance	2022-12-31	57,229
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	67,446
Prefunding balance elected to use to offset funding requirement	2022-12-31	67,446
2021: PHILLIP M. STERN & CO. DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets	2021-12-31	1,007,017
Acturial value of plan assets	2021-12-31	1,007,017
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	2
Fundng target for terminated vested participants	2021-12-31	8,770
Active participant vested funding target	2021-12-31	992,514
Number of active participants	2021-12-31	19
Total funding liabilities for active participants	2021-12-31	1,068,121
Total participant count	2021-12-31	21
Total funding target for all participants	2021-12-31	1,076,891
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	94,449
Amount remaining of prefunding balance	2021-12-31	94,449
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	94,449
Total employer contributions	2021-12-31	100,000
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	92,460
Minimum required contributions for current year target normal cost	2021-12-31	41,850
Net shortfall amortization installment of oustanding balance	2021-12-31	164,323
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	68,203
Additional cash requirement	2021-12-31	68,203
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	92,460
2020: PHILLIP M. STERN & CO. DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets	2020-12-31	991,085
Acturial value of plan assets	2020-12-31	991,085
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	0
Fundng target for terminated vested participants	2020-12-31	0
Active participant vested funding target	2020-12-31	774,760
Number of active participants	2020-12-31	13
Total funding liabilities for active participants	2020-12-31	825,075
Total participant count	2020-12-31	13
Total funding target for all participants	2020-12-31	825,075
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	91,132
Amount remaining of prefunding balance	2020-12-31	91,132
Present value of excess contributions	2020-12-31	36,670
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	38,870
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	94,449
Minimum required contributions for current year target normal cost	2020-12-31	61,238
2019: PHILLIP M. STERN & CO. DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets	2019-12-31	858,062
Acturial value of plan assets	2019-12-31	858,062
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	0
Fundng target for terminated vested participants	2019-12-31	0
Active participant vested funding target	2019-12-31	667,305
Number of active participants	2019-12-31	13
Total funding liabilities for active participants	2019-12-31	708,947
Total participant count	2019-12-31	13
Total funding target for all participants	2019-12-31	708,947
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	91,132
Amount remaining of prefunding balance	2019-12-31	91,132
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	91,132
Total employer contributions	2019-12-31	100,000
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	91,463
Minimum required contributions for current year target normal cost	2019-12-31	54,793
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	54,793
Additional cash requirement	2019-12-31	54,793
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	91,463
2018: PHILLIP M. STERN & CO. DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets	2018-12-31	837,539
Acturial value of plan assets	2018-12-31	837,539
Active participant vested funding target	2018-12-31	525,758
Number of active participants	2018-12-31	8
Total funding liabilities for active participants	2018-12-31	616,467
Total participant count	2018-12-31	8
Total funding target for all participants	2018-12-31	616,467
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	91,132
Amount remaining of prefunding balance	2018-12-31	91,132
Present value of excess contributions	2018-12-31	86,273
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	91,743
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	91,132
Minimum required contributions for current year target normal cost	2018-12-31	243
2017: PHILLIP M. STERN & CO. DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets	2017-12-31	623,330
Acturial value of plan assets	2017-12-31	623,330
Active participant vested funding target	2017-12-31	309,821
Number of active participants	2017-12-31	7
Total funding liabilities for active participants	2017-12-31	521,860
Total participant count	2017-12-31	7
Total funding target for all participants	2017-12-31	521,860
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	80,109
Amount remaining of prefunding balance	2017-12-31	80,109
Present value of excess contributions	2017-12-31	116,832
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	124,484
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	91,132
Total employer contributions	2017-12-31	200,000
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	188,203
Minimum required contributions for current year target normal cost	2017-12-31	112,268
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	101,930
Additional cash requirement	2017-12-31	101,930
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	188,203
2016: PHILLIP M. STERN & CO. DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets	2016-12-31	360,020
Acturial value of plan assets	2016-12-31	360,020
Active participant vested funding target	2016-12-31	103,197
Number of active participants	2016-12-31	4
Total funding liabilities for active participants	2016-12-31	257,993
Total participant count	2016-12-31	4
Total funding target for all participants	2016-12-31	257,993
Present value of excess contributions	2016-12-31	153,142
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	163,341
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	163,341
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	83,232
Balance of prefunding at beginning of current year	2016-12-31	80,109
Total employer contributions	2016-12-31	200,000
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	180,312
Minimum required contributions for current year target normal cost	2016-12-31	63,480
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	63,480
Additional cash requirement	2016-12-31	63,480
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	180,312

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• PHILLIP M. JENSEN,D.M.D., P.C. 401(K) PROFIT SHARING PLAN [EIN = 364185840]
• PHILLIP M. SEIM DDS, APC. DEFINED BENEFIT PENSION PLAN [EIN = 202079281]

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