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SOUTH FLORIDA INTERNATIONAL ORTHOPAEDICS, P.A. CASH BALANCE PLAN 401k Plan overview

Plan NameSOUTH FLORIDA INTERNATIONAL ORTHOPAEDICS, P.A. CASH BALANCE PLAN
Plan identification number 002

SOUTH FLORIDA INTERNATIONAL ORTHOPAEDICS, P.A. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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).

401k Sponsoring company profile

SOUTH FLORIDA INTERNATIONAL ORTHOPAEDICS, P.A. has sponsored the creation of one or more 401k plans.

Company Name:SOUTH FLORIDA INTERNATIONAL ORTHOPAEDICS, P.A.
Employer identification number (EIN):273378728
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about SOUTH FLORIDA INTERNATIONAL ORTHOPAEDICS, P.A.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 2010-09-01
Company Identification Number: P10000072201
Legal Registered Office Address: 9400 S DADELAND BLVD SUITE 600

MIAMI

33156

More information about SOUTH FLORIDA INTERNATIONAL ORTHOPAEDICS, P.A.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH FLORIDA INTERNATIONAL ORTHOPAEDICS, P.A. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-01-01THEODORE EVANS2022-09-20
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01RICHARD F PELL IV2015-10-15

Plan Statistics for SOUTH FLORIDA INTERNATIONAL ORTHOPAEDICS, P.A. CASH BALANCE PLAN

401k plan membership statisitcs for SOUTH FLORIDA INTERNATIONAL ORTHOPAEDICS, P.A. CASH BALANCE PLAN

Measure Date Value
2020: SOUTH FLORIDA INTERNATIONAL ORTHOPAEDICS, P.A. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,258,141
Acturial value of plan assets2020-12-311,258,141
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-3111
Fundng target for terminated vested participants2020-12-3139,379
Active participant vested funding target2020-12-311,218,064
Number of active participants2020-12-3115
Total funding liabilities for active participants2020-12-311,218,064
Total participant count2020-12-3126
Total funding target for all participants2020-12-311,257,443
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 contributions2020-12-3116,627
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3116,627
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 contributions2020-12-3169,385
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 date2020-12-3168,371
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 cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
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 year2020-12-3168,371
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: SOUTH FLORIDA INTERNATIONAL ORTHOPAEDICS, P.A. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,029,872
Acturial value of plan assets2019-12-311,029,872
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-3113
Fundng target for terminated vested participants2019-12-3133,628
Active participant vested funding target2019-12-31985,522
Number of active participants2019-12-3116
Total funding liabilities for active participants2019-12-31985,522
Total participant count2019-12-3129
Total funding target for all participants2019-12-311,019,150
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 contributions2019-12-319,736
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-319,736
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 contributions2019-12-31243,000
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 date2019-12-31230,604
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
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 cost2019-12-31224,699
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31213,977
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31213,977
Contributions allocatedtoward minimum required contributions for current year2019-12-31230,604
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: SOUTH FLORIDA INTERNATIONAL ORTHOPAEDICS, P.A. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31707,829
Acturial value of plan assets2018-12-31707,829
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-3110
Fundng target for terminated vested participants2018-12-3119,894
Active participant vested funding target2018-12-31728,411
Number of active participants2018-12-3117
Total funding liabilities for active participants2018-12-31728,411
Total participant count2018-12-3127
Total funding target for all participants2018-12-31748,305
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3179,177
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3179,177
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31218,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31215,960
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31199,428
Net shortfall amortization installment of oustanding balance2018-12-3140,476
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31206,036
Additional cash requirement2018-12-31206,036
Contributions allocatedtoward minimum required contributions for current year2018-12-31215,960
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: SOUTH FLORIDA INTERNATIONAL ORTHOPAEDICS, P.A. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31548,812
Acturial value of plan assets2017-12-31548,812
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-317
Fundng target for terminated vested participants2017-12-3113,594
Active participant vested funding target2017-12-31480,691
Number of active participants2017-12-3117
Total funding liabilities for active participants2017-12-31480,691
Total participant count2017-12-3124
Total funding target for all participants2017-12-31494,285
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 contributions2017-12-3112,796
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3112,796
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31168,000
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 date2017-12-31163,761
Unpaid minimum required contributions for all prior years2017-12-310
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 cost2017-12-31179,241
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31124,714
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31124,714
Contributions allocatedtoward minimum required contributions for current year2017-12-31163,761
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: SOUTH FLORIDA INTERNATIONAL ORTHOPAEDICS, P.A. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31302,722
Acturial value of plan assets2016-12-31302,722
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-313
Fundng target for terminated vested participants2016-12-312,620
Active participant vested funding target2016-12-31336,351
Number of active participants2016-12-3117
Total funding liabilities for active participants2016-12-31336,351
Total participant count2016-12-3120
Total funding target for all participants2016-12-31338,971
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 contributions2016-12-31408
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31408
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 contributions2016-12-31199,000
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 date2016-12-31199,226
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 cost2016-12-31180,750
Net shortfall amortization installment of oustanding balance2016-12-3136,249
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31186,739
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31186,739
Contributions allocatedtoward minimum required contributions for current year2016-12-31199,226
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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