401k Plan data: SCOTT D. NEWLIN, DMD, MS, P.C. CASH BALANCE PENSION PLAN plan

SCOTT D. NEWLIN, DMD, MS, P.C. CASH BALANCE PENSION PLAN 401k Plan overview

Plan Name	SCOTT D. NEWLIN, DMD, MS, P.C. CASH BALANCE PENSION PLAN
Plan identification number	002

SCOTT D. NEWLIN, DMD, MS, P.C. CASH BALANCE PENSION PLAN Benefits

401k Plan Type

Defined 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).
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

SCOTT D. NEWLIN DMD, MS, PC has sponsored the creation of one or more 401k plans.

Company Name: SCOTT D. NEWLIN DMD, MS, PC

Employer identification number (EIN): 431762476

NAIC Classification: 621210
NAIC Description: Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCOTT D. NEWLIN, DMD, MS, P.C. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01

Plan Statistics for SCOTT D. NEWLIN, DMD, MS, P.C. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for SCOTT D. NEWLIN, DMD, MS, P.C. CASH BALANCE PENSION PLAN

Measure Date Value
2022: SCOTT D. NEWLIN, DMD, MS, P.C. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets 2022-11-30 608,783
Acturial value of plan assets 2022-11-30 608,783
Funding target for retired participants and beneficiaries receiving payment 2022-11-30 0
Number of terminated vested participants 2022-11-30 1
Fundng target for terminated vested participants 2022-11-30 730
Active participant vested funding target 2022-11-30 607,334
Number of active participants 2022-11-30 2
Total funding liabilities for active participants 2022-11-30 607,334
Total participant count 2022-11-30 3
Total funding target for all participants 2022-11-30 608,064
Balance at beginning of prior year after applicable adjustments 2022-11-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-11-30 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-11-30 0
Prefunding balanced used to offset prior years funding requirement 2022-11-30 0
Amount remaining of carryover balance 2022-11-30 0
Amount remaining of prefunding balance 2022-11-30 0
Present value of excess contributions 2022-11-30 35,671
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-11-30 37,583
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-11-30 0
Reductions in caryover balances due to elections or deemed elections 2022-11-30 0
Reductions in prefunding balances due to elections or deemed elections 2022-11-30 0
Balance of carryovers at beginning of current year 2022-11-30 0
Balance of prefunding at beginning of current year 2022-11-30 0
Total employer contributions 2022-11-30 115,950
Total employee contributions 2022-11-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-11-30 0
Contributions made to avoid restrictions adjusted to valuation date 2022-11-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-11-30 113,867
Unpaid minimum required contributions for all prior years 2022-11-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-11-30 0
Remaining amount of unpaid minimum required contributions 2022-11-30 0
Minimum required contributions for current year target normal cost 2022-11-30 107,818
Net shortfall amortization installment of oustanding balance 2022-11-30 0
Waiver amortization installment 2022-11-30 0
Total funding amount beforereflecting carryover/prefunding balances 2022-11-30 107,099
Carryover balance elected to use to offset funding requirement 2022-11-30 0
Prefunding balance elected to use to offset funding requirement 2022-11-30 0
Additional cash requirement 2022-11-30 107,099
Contributions allocatedtoward minimum required contributions for current year 2022-11-30 113,867
Unpaid minimum required contributions for current year 2022-11-30 0
Unpaid minimum required contributions for all years 2022-11-30 0
2021: SCOTT D. NEWLIN, DMD, MS, P.C. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets 2021-12-31 482,713
Acturial value of plan assets 2021-12-31 482,713
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 0
Number of terminated vested participants 2021-12-31 0
Fundng target for terminated vested participants 2021-12-31 0
Active participant vested funding target 2021-12-31 459,530
Number of active participants 2021-12-31 3
Total funding liabilities for active participants 2021-12-31 459,530
Total participant count 2021-12-31 3
Total funding target for all participants 2021-12-31 459,530
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 2021-12-31 29,340
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 30,869
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 124,373
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 116,779
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 104,291
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 81,108
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 81,108
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 116,779
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: SCOTT D. NEWLIN, DMD, MS, P.C. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets 2020-12-31 378,607
Acturial value of plan assets 2020-12-31 378,607
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 2020-12-31 336,079
Number of active participants 2020-12-31 2
Total funding liabilities for active participants 2020-12-31 336,079
Total participant count 2020-12-31 2
Total funding target for all participants 2020-12-31 336,079
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 0
Present value of excess contributions 2020-12-31 26,379
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 27,790
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 0
Total employer contributions 2020-12-31 96,291
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 90,333
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 103,521
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 60,993
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 60,993
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 90,333
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0

Measure	Date	Value
2022: SCOTT D. NEWLIN, DMD, MS, P.C. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets	2022-11-30	608,783
Acturial value of plan assets	2022-11-30	608,783
Funding target for retired participants and beneficiaries receiving payment	2022-11-30	0
Number of terminated vested participants	2022-11-30	1
Fundng target for terminated vested participants	2022-11-30	730
Active participant vested funding target	2022-11-30	607,334
Number of active participants	2022-11-30	2
Total funding liabilities for active participants	2022-11-30	607,334
Total participant count	2022-11-30	3
Total funding target for all participants	2022-11-30	608,064
Balance at beginning of prior year after applicable adjustments	2022-11-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-11-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-11-30	0
Prefunding balanced used to offset prior years funding requirement	2022-11-30	0
Amount remaining of carryover balance	2022-11-30	0
Amount remaining of prefunding balance	2022-11-30	0
Present value of excess contributions	2022-11-30	35,671
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-11-30	37,583
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-11-30	0
Reductions in caryover balances due to elections or deemed elections	2022-11-30	0
Reductions in prefunding balances due to elections or deemed elections	2022-11-30	0
Balance of carryovers at beginning of current year	2022-11-30	0
Balance of prefunding at beginning of current year	2022-11-30	0
Total employer contributions	2022-11-30	115,950
Total employee contributions	2022-11-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-11-30	0
Contributions made to avoid restrictions adjusted to valuation date	2022-11-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-11-30	113,867
Unpaid minimum required contributions for all prior years	2022-11-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-11-30	0
Remaining amount of unpaid minimum required contributions	2022-11-30	0
Minimum required contributions for current year target normal cost	2022-11-30	107,818
Net shortfall amortization installment of oustanding balance	2022-11-30	0
Waiver amortization installment	2022-11-30	0
Total funding amount beforereflecting carryover/prefunding balances	2022-11-30	107,099
Carryover balance elected to use to offset funding requirement	2022-11-30	0
Prefunding balance elected to use to offset funding requirement	2022-11-30	0
Additional cash requirement	2022-11-30	107,099
Contributions allocatedtoward minimum required contributions for current year	2022-11-30	113,867
Unpaid minimum required contributions for current year	2022-11-30	0
Unpaid minimum required contributions for all years	2022-11-30	0
2021: SCOTT D. NEWLIN, DMD, MS, P.C. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	482,713
Acturial value of plan assets	2021-12-31	482,713
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	0
Fundng target for terminated vested participants	2021-12-31	0
Active participant vested funding target	2021-12-31	459,530
Number of active participants	2021-12-31	3
Total funding liabilities for active participants	2021-12-31	459,530
Total participant count	2021-12-31	3
Total funding target for all participants	2021-12-31	459,530
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	29,340
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	30,869
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	124,373
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	116,779
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	104,291
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	81,108
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	81,108
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	116,779
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: SCOTT D. NEWLIN, DMD, MS, P.C. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	378,607
Acturial value of plan assets	2020-12-31	378,607
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	336,079
Number of active participants	2020-12-31	2
Total funding liabilities for active participants	2020-12-31	336,079
Total participant count	2020-12-31	2
Total funding target for all participants	2020-12-31	336,079
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	26,379
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	27,790
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	96,291
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	90,333
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	103,521
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	60,993
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	60,993
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	90,333
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0

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Company Name:	SCOTT D. NEWLIN DMD, MS, PC
Employer identification number (EIN):	431762476
NAIC Classification:	621210
NAIC Description:	Offices of Dentists