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MICHELLE M. KELMAN, DDS, A PROFESSIONAL CORPORATION CASH BALANCE PLAN 401k Plan overview

Plan NameMICHELLE M. KELMAN, DDS, A PROFESSIONAL CORPORATION CASH BALANCE PLAN
Plan identification number 002

MICHELLE M. KELMAN, DDS, A PROFESSIONAL CORPORATION CASH BALANCE 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

MICHELLE M. KELMAN, DDS, A PROFESSIONAL CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:MICHELLE M. KELMAN, DDS, A PROFESSIONAL CORPORATION
Employer identification number (EIN):262061696
NAIC Classification:621210
NAIC Description:Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MICHELLE M. KELMAN, DDS, A PROFESSIONAL CORPORATION CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-12-31MICHELLE KELMAN2023-10-11 MICHELLE KELMAN2023-10-11
0022020-12-31
0022019-12-31
0022018-12-31

Plan Statistics for MICHELLE M. KELMAN, DDS, A PROFESSIONAL CORPORATION CASH BALANCE PLAN

401k plan membership statisitcs for MICHELLE M. KELMAN, DDS, A PROFESSIONAL CORPORATION CASH BALANCE PLAN

Measure Date Value
2022: MICHELLE M. KELMAN, DDS, A PROFESSIONAL CORPORATION CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-30976,406
Acturial value of plan assets2022-12-30976,406
Funding target for retired participants and beneficiaries receiving payment2022-12-300
Number of terminated vested participants2022-12-303
Fundng target for terminated vested participants2022-12-30274,301
Active participant vested funding target2022-12-30210,923
Number of active participants2022-12-301
Total funding liabilities for active participants2022-12-30210,923
Total participant count2022-12-304
Total funding target for all participants2022-12-30485,224
Balance at beginning of prior year after applicable adjustments2022-12-300
Prefunding balance at beginning of prior year after applicable adjustments2022-12-300
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-300
Prefunding balanced used to offset prior years funding requirement2022-12-300
Amount remaining of carryover balance2022-12-300
Amount remaining of prefunding balance2022-12-300
Present value of excess contributions2022-12-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-300
Reductions in caryover balances due to elections or deemed elections2022-12-300
Reductions in prefunding balances due to elections or deemed elections2022-12-300
Balance of carryovers at beginning of current year2022-12-300
Balance of prefunding at beginning of current year2022-12-300
Total employer contributions2022-12-300
Total employee contributions2022-12-300
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-300
Contributions made to avoid restrictions adjusted to valuation date2022-12-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-300
Unpaid minimum required contributions for all prior years2022-12-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-300
Remaining amount of unpaid minimum required contributions2022-12-300
Minimum required contributions for current year target normal cost2022-12-30121,247
Net shortfall amortization installment of oustanding balance2022-12-300
Waiver amortization installment2022-12-300
Total funding amount beforereflecting carryover/prefunding balances2022-12-300
Carryover balance elected to use to offset funding requirement2022-12-300
Prefunding balance elected to use to offset funding requirement2022-12-300
Additional cash requirement2022-12-300
Contributions allocatedtoward minimum required contributions for current year2022-12-300
Unpaid minimum required contributions for current year2022-12-300
Unpaid minimum required contributions for all years2022-12-300
2021: MICHELLE M. KELMAN, DDS, A PROFESSIONAL CORPORATION CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-301,153,077
Acturial value of plan assets2021-12-301,153,077
Funding target for retired participants and beneficiaries receiving payment2021-12-300
Number of terminated vested participants2021-12-300
Fundng target for terminated vested participants2021-12-300
Active participant vested funding target2021-12-30278,864
Number of active participants2021-12-302
Total funding liabilities for active participants2021-12-30278,864
Total participant count2021-12-302
Total funding target for all participants2021-12-30278,864
Balance at beginning of prior year after applicable adjustments2021-12-300
Prefunding balance at beginning of prior year after applicable adjustments2021-12-300
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-300
Prefunding balanced used to offset prior years funding requirement2021-12-300
Amount remaining of carryover balance2021-12-300
Amount remaining of prefunding balance2021-12-300
Present value of excess contributions2021-12-30739,039
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-30739,039
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-300
Reductions in caryover balances due to elections or deemed elections2021-12-300
Reductions in prefunding balances due to elections or deemed elections2021-12-300
Balance of carryovers at beginning of current year2021-12-300
Balance of prefunding at beginning of current year2021-12-300
Total employer contributions2021-12-300
Total employee contributions2021-12-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-300
Contributions made to avoid restrictions adjusted to valuation date2021-12-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-300
Unpaid minimum required contributions for all prior years2021-12-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-300
Remaining amount of unpaid minimum required contributions2021-12-300
Minimum required contributions for current year target normal cost2021-12-306,830
Net shortfall amortization installment of oustanding balance2021-12-300
Waiver amortization installment2021-12-300
Total funding amount beforereflecting carryover/prefunding balances2021-12-300
Carryover balance elected to use to offset funding requirement2021-12-300
Prefunding balance elected to use to offset funding requirement2021-12-300
Additional cash requirement2021-12-300
Contributions allocatedtoward minimum required contributions for current year2021-12-300
Unpaid minimum required contributions for current year2021-12-300
Unpaid minimum required contributions for all years2021-12-300
2020: MICHELLE M. KELMAN, DDS, A PROFESSIONAL CORPORATION CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-30475,073
Acturial value of plan assets2020-12-30475,073
Funding target for retired participants and beneficiaries receiving payment2020-12-300
Number of terminated vested participants2020-12-300
Fundng target for terminated vested participants2020-12-300
Active participant vested funding target2020-12-300
Number of active participants2020-12-306
Total funding liabilities for active participants2020-12-30214,232
Total participant count2020-12-306
Total funding target for all participants2020-12-30214,232
Balance at beginning of prior year after applicable adjustments2020-12-300
Prefunding balance at beginning of prior year after applicable adjustments2020-12-300
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-300
Prefunding balanced used to offset prior years funding requirement2020-12-300
Amount remaining of carryover balance2020-12-300
Amount remaining of prefunding balance2020-12-300
Present value of excess contributions2020-12-30358,011
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-30358,011
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-300
Reductions in caryover balances due to elections or deemed elections2020-12-300
Reductions in prefunding balances due to elections or deemed elections2020-12-300
Balance of carryovers at beginning of current year2020-12-300
Balance of prefunding at beginning of current year2020-12-300
Total employer contributions2020-12-30745,235
Total employee contributions2020-12-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-300
Contributions made to avoid restrictions adjusted to valuation date2020-12-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-30736,029
Unpaid minimum required contributions for all prior years2020-12-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-300
Remaining amount of unpaid minimum required contributions2020-12-300
Minimum required contributions for current year target normal cost2020-12-30219,811
Net shortfall amortization installment of oustanding balance2020-12-300
Waiver amortization installment2020-12-300
Total funding amount beforereflecting carryover/prefunding balances2020-12-300
Additional cash requirement2020-12-300
Contributions allocatedtoward minimum required contributions for current year2020-12-30736,029
Unpaid minimum required contributions for current year2020-12-300
Unpaid minimum required contributions for all years2020-12-300
2019: MICHELLE M. KELMAN, DDS, A PROFESSIONAL CORPORATION CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-300
Acturial value of plan assets2019-12-300
Funding target for retired participants and beneficiaries receiving payment2019-12-300
Number of terminated vested participants2019-12-300
Fundng target for terminated vested participants2019-12-300
Active participant vested funding target2019-12-300
Number of active participants2019-12-305
Total funding liabilities for active participants2019-12-30194,899
Total participant count2019-12-305
Total funding target for all participants2019-12-30194,899
Balance at beginning of prior year after applicable adjustments2019-12-300
Prefunding balance at beginning of prior year after applicable adjustments2019-12-300
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-300
Prefunding balanced used to offset prior years funding requirement2019-12-300
Amount remaining of carryover balance2019-12-300
Amount remaining of prefunding balance2019-12-300
Present value of excess contributions2019-12-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-300
Reductions in caryover balances due to elections or deemed elections2019-12-300
Reductions in prefunding balances due to elections or deemed elections2019-12-300
Balance of carryovers at beginning of current year2019-12-300
Balance of prefunding at beginning of current year2019-12-300
Total employer contributions2019-12-30400,000
Total employee contributions2019-12-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-300
Contributions made to avoid restrictions adjusted to valuation date2019-12-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-30389,828
Unpaid minimum required contributions for all prior years2019-12-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-300
Remaining amount of unpaid minimum required contributions2019-12-300
Minimum required contributions for current year target normal cost2019-12-300
Net shortfall amortization installment of oustanding balance2019-12-30194,899
Waiver amortization installment2019-12-300
Total funding amount beforereflecting carryover/prefunding balances2019-12-3031,817
Carryover balance elected to use to offset funding requirement2019-12-300
Prefunding balance elected to use to offset funding requirement2019-12-300
Additional cash requirement2019-12-3031,817
Contributions allocatedtoward minimum required contributions for current year2019-12-30389,828
Unpaid minimum required contributions for current year2019-12-300
Unpaid minimum required contributions for all years2019-12-300

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