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RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN 401k Plan overview

Plan NameRONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN
Plan identification number 003

RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. has sponsored the creation of one or more 401k plans.

Company Name:RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC.
Employer identification number (EIN):310786291
NAIC Classification:621210
NAIC Description:Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01JEREMY J. SCHIRA2023-07-06
0032020-01-01
0032019-01-01
0032016-01-01
0032016-01-01RONALD J. SOLOMON2017-07-11
0032016-01-01RONALD J. SOLOMON2017-09-15
0032015-01-01
0032015-01-01RONALD SOLOMON2016-04-25 RONALD SOLOMON2016-04-25
0032014-01-01
0032014-01-01RONALD SOLOMON2015-08-25 RONALD SOLOMON2015-08-25
0032013-01-01
0032012-01-01RONALD SOLOMON2013-07-16 RONALD SOLOMON2013-07-16
0032011-01-01RONALD SOLOMON2012-06-04 RONALD SOLOMON2012-06-04
0032010-01-01RONALD SOLOMON RONALD SOLOMON2011-07-07
0032009-01-01RONALD SOLOMON RONALD SOLOMON2010-07-01

Plan Statistics for RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN

401k plan membership statisitcs for RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN

Measure Date Value
2020: RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-12-31938,034
Acturial value of plan assets2020-12-31938,034
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 target2020-12-31717,338
Number of active participants2020-12-3110
Total funding liabilities for active participants2020-12-31717,338
Total participant count2020-12-3110
Total funding target for all participants2020-12-31717,338
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 contributions2020-12-3165,261
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3168,563
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 contributions2020-12-31100,000
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 date2020-12-3193,283
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 cost2020-12-31120,930
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 year2020-12-3193,283
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-31696,169
Acturial value of plan assets2019-12-31696,169
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-31604,002
Number of active participants2019-12-3113
Total funding liabilities for active participants2019-12-31604,002
Total participant count2019-12-3113
Total funding target for all participants2019-12-31604,002
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 contributions2019-12-31130,509
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31136,826
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 contributions2019-12-31150,000
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 date2019-12-31137,880
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 cost2019-12-31164,786
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3172,619
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-3172,619
Contributions allocatedtoward minimum required contributions for current year2019-12-31137,880
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2016: RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-31294,532
Acturial value of plan assets2016-12-31294,532
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-31288,590
Number of active participants2016-12-319
Total funding liabilities for active participants2016-12-31288,590
Total participant count2016-12-319
Total funding target for all participants2016-12-31288,590
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 contributions2016-12-317,314
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-317,659
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 contributions2016-12-31114,000
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 date2016-12-31102,484
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
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 cost2016-12-3196,197
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3190,255
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3190,255
Contributions allocatedtoward minimum required contributions for current year2016-12-31102,484
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
2010: RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0112
Total number of active participants reported on line 7a of the Form 55002010-01-0110
Total of all active and inactive participants2010-01-0110
Total participants2010-01-0110
Number of participants with account balances2010-01-0110
2009: RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0110
Total number of active participants reported on line 7a of the Form 55002009-01-0111
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-0112
Total participants2009-01-0112
Number of participants with account balances2009-01-0110

Financial Data on RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN

Measure Date Value
2010 : RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN 2010 401k financial data
Total income from all sources2010-12-31$245,857
Total plan assets at end of year2010-12-31$1,413,530
Total plan assets at beginning of year2010-12-31$1,167,673
Value of fidelity bond covering the plan2010-12-31$150,000
Total contributions received or receivable from participants2010-12-31$28,677
Other income received2010-12-31$165,919
Net income (gross income less expenses)2010-12-31$245,857
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,413,530
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,167,673
Total contributions received or receivable from employer(s)2010-12-31$51,261

Form 5500 Responses for RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN

2010: RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: RONALD J. SOLOMON, D.D.S. & ANGELA OTT, D.D.S., INC. DEFINED BENEFIT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01This submission is the final filingNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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