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G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN 401k Plan overview

Plan NameG. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN
Plan identification number 002

G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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).
  • 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.

401k Sponsoring company profile

G. MICHAEL DAVIS, D.D.S., LLC has sponsored the creation of one or more 401k plans.

Company Name:G. MICHAEL DAVIS, D.D.S., LLC
Employer identification number (EIN):462294031
NAIC Classification:621210
NAIC Description:Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022017-01-01
0022016-01-01G. MICHAEL DAVIS, D.D.S.
0022015-01-01G. MICHAEL DAVIS, D.D.S.
0022014-01-01G. MICHAEL DAVIS, D.D.S.
0022013-01-01GEORGE MICHAEL DAVIS, DDS

Plan Statistics for G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN

401k plan membership statisitcs for G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN

Measure Date Value
2017: G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-311,929,459
Acturial value of plan assets2017-12-311,929,459
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 target2017-12-311,272,359
Number of active participants2017-12-314
Total funding liabilities for active participants2017-12-311,272,359
Total participant count2017-12-314
Total funding target for all participants2017-12-311,272,359
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3167,306
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 balance2017-12-3167,306
Present value of excess contributions2017-12-31157,004
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31157,004
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 year2017-12-3171,277
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 cost2017-12-31363,682
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
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: G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-311,566,810
Acturial value of plan assets2016-12-311,566,810
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-31394
Active participant vested funding target2016-12-311,296,642
Number of active participants2016-12-313
Total funding liabilities for active participants2016-12-311,296,642
Total participant count2016-12-314
Total funding target for all participants2016-12-311,297,036
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3168,589
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 balance2016-12-3168,589
Present value of excess contributions2016-12-31195,269
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31195,269
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 year2016-12-3167,306
Total employer contributions2016-12-31159,624
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 date2016-12-31157,004
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 cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-31157,004
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-014
Total number of active participants reported on line 7a of the Form 55002016-01-013
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-011
Total of all active and inactive participants2016-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-011
2015: G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-014
Total number of active participants reported on line 7a of the Form 55002015-01-014
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-014
Total number of active participants reported on line 7a of the Form 55002014-01-014
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-014
Total number of active participants reported on line 7a of the Form 55002013-01-013
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010

Financial Data on G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN

Measure Date Value
2016 : G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$262,591
Expenses. Total of all expenses incurred2016-12-31$18,809
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$1,726,434
Total plan assets at beginning of year2016-12-31$1,482,652
Value of fidelity bond covering the plan2016-12-31$200,000
Total contributions received or receivable from participants2016-12-31$0
Expenses. Other expenses not covered elsewhere2016-12-31$18,809
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$102,967
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$243,782
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,726,434
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,482,652
Total contributions received or receivable from employer(s)2016-12-31$159,624
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$193,265
Expenses. Total of all expenses incurred2015-12-31$16,586
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$1,482,652
Total plan assets at beginning of year2015-12-31$1,305,973
Value of fidelity bond covering the plan2015-12-31$200,000
Total contributions received or receivable from participants2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-6,735
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$176,679
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,482,652
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,305,973
Total contributions received or receivable from employer(s)2015-12-31$200,000
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$16,586
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$254,795
Expenses. Total of all expenses incurred2014-12-31$11,464
Benefits paid (including direct rollovers)2014-12-31$0
Total plan assets at end of year2014-12-31$1,305,973
Total plan assets at beginning of year2014-12-31$1,062,642
Value of fidelity bond covering the plan2014-12-31$150,000
Total contributions received or receivable from participants2014-12-31$0
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$54,795
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$243,331
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,305,973
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,062,642
Total contributions received or receivable from employer(s)2014-12-31$200,000
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$11,464
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$253,876
Expenses. Total of all expenses incurred2013-12-31$999
Benefits paid (including direct rollovers)2013-12-31$999
Total plan assets at end of year2013-12-31$1,062,642
Total plan assets at beginning of year2013-12-31$809,765
Value of fidelity bond covering the plan2013-12-31$150,000
Total contributions received or receivable from participants2013-12-31$0
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$6,876
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$252,877
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,062,642
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$809,765
Total contributions received or receivable from employer(s)2013-12-31$247,000
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0

Form 5500 Responses for G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN

2016: G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: G. MICHAEL DAVIS, D.D.S. DEFINED BENEFIT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes

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