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PREMIER HEALTH SOLUTIONS, LLC CASH BALANCE PLAN 401k Plan overview

Plan NamePREMIER HEALTH SOLUTIONS, LLC CASH BALANCE PLAN
Plan identification number 001

PREMIER HEALTH SOLUTIONS, LLC 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).
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • 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

PREMIER HEALTH SOLUTIONS, LLC has sponsored the creation of one or more 401k plans.

Company Name:PREMIER HEALTH SOLUTIONS, LLC
Employer identification number (EIN):455120131
NAIC Classification:524290

Additional information about PREMIER HEALTH SOLUTIONS, LLC

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2012-04-23
Company Identification Number: 0801585563
Legal Registered Office Address: 2601 NETWORK BLVD STE 500

FRISCO
United States of America (USA)
75034

More information about PREMIER HEALTH SOLUTIONS, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PREMIER HEALTH SOLUTIONS, LLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01

Plan Statistics for PREMIER HEALTH SOLUTIONS, LLC CASH BALANCE PLAN

401k plan membership statisitcs for PREMIER HEALTH SOLUTIONS, LLC CASH BALANCE PLAN

Measure Date Value
2022: PREMIER HEALTH SOLUTIONS, LLC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-311,450,249
Acturial value of plan assets2022-12-311,450,249
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-318
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-311,092,565
Number of active participants2022-12-3151
Total funding liabilities for active participants2022-12-311,092,565
Total participant count2022-12-3159
Total funding target for all participants2022-12-311,092,565
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31665,777
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31665,777
Present value of excess contributions2022-12-31164,024
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31164,024
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-31164,024
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31867,817
Total employer contributions2022-12-31500,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31490,441
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31188,311
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31188,311
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31188,311
Contributions allocatedtoward minimum required contributions for current year2022-12-31490,441
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: PREMIER HEALTH SOLUTIONS, LLC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-311,515,501
Acturial value of plan assets2021-12-311,515,501
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-313
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-31834,086
Number of active participants2021-12-3150
Total funding liabilities for active participants2021-12-31834,086
Total participant count2021-12-3153
Total funding target for all participants2021-12-31834,086
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31293,633
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31293,633
Present value of excess contributions2021-12-31320,024
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31320,024
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-31320,024
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31665,777
Total employer contributions2021-12-31343,287
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31348,327
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31184,303
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31184,303
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31184,303
Contributions allocatedtoward minimum required contributions for current year2021-12-31348,327
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: PREMIER HEALTH SOLUTIONS, LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-31924,603
Acturial value of plan assets2020-12-31924,603
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-317
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-31618,972
Number of active participants2020-12-3151
Total funding liabilities for active participants2020-12-31618,972
Total participant count2020-12-3158
Total funding target for all participants2020-12-31618,972
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3182,727
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 balance2020-12-3182,727
Present value of excess contributions2020-12-31202,156
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31202,156
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-31202,156
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 year2020-12-31293,633
Total employer contributions2020-12-31513,856
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 date2020-12-31507,018
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 cost2020-12-31186,994
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31186,994
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31186,994
Contributions allocatedtoward minimum required contributions for current year2020-12-31507,018
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: PREMIER HEALTH SOLUTIONS, LLC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31412,569
Acturial value of plan assets2019-12-31412,569
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-31394,513
Number of active participants2019-12-3135
Total funding liabilities for active participants2019-12-31394,513
Total participant count2019-12-3136
Total funding target for all participants2019-12-31394,513
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3146,169
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 balance2019-12-3146,169
Present value of excess contributions2019-12-3138,321
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3138,321
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-3138,321
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 year2019-12-3182,727
Total employer contributions2019-12-31400,000
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 date2019-12-31385,437
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 cost2019-12-31183,281
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31183,281
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31183,281
Contributions allocatedtoward minimum required contributions for current year2019-12-31385,437
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: PREMIER HEALTH SOLUTIONS, LLC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31186,244
Acturial value of plan assets2018-12-31186,244
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-310
Number of active participants2018-12-3126
Total funding liabilities for active participants2018-12-31163,880
Total participant count2018-12-3126
Total funding target for all participants2018-12-31163,880
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 contributions2018-12-3146,169
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3146,169
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3146,169
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 year2018-12-3146,169
Total employer contributions2018-12-31191,759
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 date2018-12-31188,856
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 cost2018-12-31150,535
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31150,535
Carryover balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31150,535
Contributions allocatedtoward minimum required contributions for current year2018-12-31188,856
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: PREMIER HEALTH SOLUTIONS, LLC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-310
Acturial value of plan assets2017-12-310
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-310
Number of active participants2017-12-3127
Total funding liabilities for active participants2017-12-310
Total participant count2017-12-3127
Total funding target for all participants2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
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 contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
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 contributions2017-12-31191,759
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 date2017-12-31188,420
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 cost2017-12-31142,251
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31142,251
Additional cash requirement2017-12-31142,251
Contributions allocatedtoward minimum required contributions for current year2017-12-31188,420
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310

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