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FAMILY PRACTICE MEDICAL GROUP OF SAN BERNADINO, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameFAMILY PRACTICE MEDICAL GROUP OF SAN BERNADINO, INC. CASH BALANCE PENSION PLAN
Plan identification number 002

FAMILY PRACTICE MEDICAL GROUP OF SAN BERNADINO, INC. CASH BALANCE PENSION 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).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Plan covering Self-Employed individuals.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FAMILY PRACTICE MEDICAL GROUP OF SAN BERNARDINO, INC has sponsored the creation of one or more 401k plans.

Company Name:FAMILY PRACTICE MEDICAL GROUP OF SAN BERNARDINO, INC
Employer identification number (EIN):330976176
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FAMILY PRACTICE MEDICAL GROUP OF SAN BERNADINO, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01JOSEPH P. MAGRO2015-09-09
0022013-01-01RICHARD MOYER MD2014-10-14
0022012-01-01RICHARD MOYER MD2013-10-14
0022011-01-01RICHARD MOYER MD2012-10-12
0022010-01-01RICHARD MOYER MD2011-10-13

Plan Statistics for FAMILY PRACTICE MEDICAL GROUP OF SAN BERNADINO, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for FAMILY PRACTICE MEDICAL GROUP OF SAN BERNADINO, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2020: FAMILY PRACTICE MEDICAL GROUP OF SAN BERNADINO, INC. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-11-305,793,267
Acturial value of plan assets2020-11-305,793,267
Funding target for retired participants and beneficiaries receiving payment2020-11-300
Number of terminated vested participants2020-11-303
Fundng target for terminated vested participants2020-11-3010,169
Active participant vested funding target2020-11-304,678,817
Number of active participants2020-11-3020
Total funding liabilities for active participants2020-11-304,679,614
Total participant count2020-11-3023
Total funding target for all participants2020-11-304,689,783
Balance at beginning of prior year after applicable adjustments2020-11-300
Prefunding balance at beginning of prior year after applicable adjustments2020-11-30865,887
Carryover balanced portion elected for use to offset prior years funding requirement2020-11-300
Prefunding balanced used to offset prior years funding requirement2020-11-300
Amount remaining of carryover balance2020-11-300
Amount remaining of prefunding balance2020-11-30865,887
Present value of excess contributions2020-11-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-11-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-11-300
Reductions in caryover balances due to elections or deemed elections2020-11-300
Reductions in prefunding balances due to elections or deemed elections2020-11-300
Balance of carryovers at beginning of current year2020-11-300
Balance of prefunding at beginning of current year2020-11-301,110,933
Total employer contributions2020-11-30466,991
Total employee contributions2020-11-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-11-300
Contributions made to avoid restrictions adjusted to valuation date2020-11-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-11-30449,521
Unpaid minimum required contributions for all prior years2020-11-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-11-300
Remaining amount of unpaid minimum required contributions2020-11-300
Minimum required contributions for current year target normal cost2020-11-3014,366
Net shortfall amortization installment of oustanding balance2020-11-300
Waiver amortization installment2020-11-300
Total funding amount beforereflecting carryover/prefunding balances2020-11-3014,366
Additional cash requirement2020-11-3014,366
Contributions allocatedtoward minimum required contributions for current year2020-11-30449,521
Unpaid minimum required contributions for current year2020-11-300
Unpaid minimum required contributions for all years2020-11-300
2019: FAMILY PRACTICE MEDICAL GROUP OF SAN BERNADINO, INC. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-315,793,267
Acturial value of plan assets2019-12-315,793,267
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-313
Fundng target for terminated vested participants2019-12-3110,169
Active participant vested funding target2019-12-314,636,245
Number of active participants2019-12-3120
Total funding liabilities for active participants2019-12-314,636,245
Total participant count2019-12-3123
Total funding target for all participants2019-12-314,646,414
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-311,986,148
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-31430,831
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-311,555,317
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
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 elections2019-12-31600,000
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31865,886
Total employer contributions2019-12-310
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 date2019-12-310
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 cost2019-12-31206,569
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: FAMILY PRACTICE MEDICAL GROUP OF SAN BERNADINO, INC. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-314,520,436
Acturial value of plan assets2018-12-314,520,436
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-313
Fundng target for terminated vested participants2018-12-319,685
Active participant vested funding target2018-12-313,864,184
Number of active participants2018-12-3118
Total funding liabilities for active participants2018-12-313,864,837
Total participant count2018-12-3121
Total funding target for all participants2018-12-313,874,522
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-312,108,301
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-31417,531
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-311,690,770
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-311,986,148
Total employer contributions2018-12-310
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 date2018-12-310
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 cost2018-12-31217,943
Net shortfall amortization installment of oustanding balance2018-12-311,450,266
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31454,699
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-31454,699
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: FAMILY PRACTICE MEDICAL GROUP OF SAN BERNADINO, INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-3110,109,792
Acturial value of plan assets2017-12-3110,109,792
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-317
Fundng target for terminated vested participants2017-12-312,394,391
Active participant vested funding target2017-12-315,407,652
Number of active participants2017-12-3118
Total funding liabilities for active participants2017-12-315,407,895
Total participant count2017-12-3125
Total funding target for all participants2017-12-317,802,286
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-311,633,155
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 balance2017-12-311,633,155
Present value of excess contributions2017-12-31309,707
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31309,707
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31309,707
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 year2017-12-312,108,301
Total employer contributions2017-12-310
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 date2017-12-310
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 cost2017-12-31519,685
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31441,497
Carryover balance elected to use to offset funding requirement2017-12-31441,497
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: FAMILY PRACTICE MEDICAL GROUP OF SAN BERNADINO, INC. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-317,242,543
Acturial value of plan assets2016-12-317,242,543
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-3110
Fundng target for terminated vested participants2016-12-312,170,771
Active participant vested funding target2016-12-314,477,925
Number of active participants2016-12-3125
Total funding liabilities for active participants2016-12-314,478,802
Total participant count2016-12-3135
Total funding target for all participants2016-12-316,649,573
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-312,220,084
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-31436,969
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-311,783,115
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
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 year2016-12-311,633,155
Total employer contributions2016-12-311,549,000
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 date2016-12-311,523,887
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 cost2016-12-31891,665
Net shortfall amortization installment of oustanding balance2016-12-311,723,470
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-311,214,180
Additional cash requirement2016-12-311,214,180
Contributions allocatedtoward minimum required contributions for current year2016-12-311,523,887
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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