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THE RETINA CARE CENTER, LLC CASH BALANCE PLAN 401k Plan overview

Plan NameTHE RETINA CARE CENTER, LLC CASH BALANCE PLAN
Plan identification number 002

THE RETINA CARE CENTER, LLC CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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).
  • 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.
  • 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

THE RETINA CARE CENTER, LLC has sponsored the creation of one or more 401k plans.

Company Name:THE RETINA CARE CENTER, LLC
Employer identification number (EIN):522117156
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about THE RETINA CARE CENTER, LLC

Jurisdiction of Incorporation: Maryland Secretary of State
Incorporation Date:
Company Identification Number: W05077417

More information about THE RETINA CARE CENTER, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE RETINA CARE CENTER, LLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01ERIC SUAN2015-10-13
0022013-01-01ERIC SUAN2014-10-14

Plan Statistics for THE RETINA CARE CENTER, LLC CASH BALANCE PLAN

401k plan membership statisitcs for THE RETINA CARE CENTER, LLC CASH BALANCE PLAN

Measure Date Value
2020: THE RETINA CARE CENTER, LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-312,911,416
Acturial value of plan assets2020-12-312,911,416
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-315
Fundng target for terminated vested participants2020-12-3114,638
Active participant vested funding target2020-12-312,419,231
Number of active participants2020-12-3143
Total funding liabilities for active participants2020-12-312,421,873
Total participant count2020-12-3148
Total funding target for all participants2020-12-312,436,511
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31154,985
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31154,985
Present value of excess contributions2020-12-3161,510
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3165,047
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 year2020-12-31170,391
Total employer contributions2020-12-31186,342
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 date2020-12-31170,216
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 cost2020-12-31445,179
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31140,665
Additional cash requirement2020-12-31140,665
Contributions allocatedtoward minimum required contributions for current year2020-12-31170,216
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: THE RETINA CARE CENTER, LLC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-312,059,128
Acturial value of plan assets2019-12-312,059,128
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-317
Fundng target for terminated vested participants2019-12-3123,405
Active participant vested funding target2019-12-311,982,230
Number of active participants2019-12-3135
Total funding liabilities for active participants2019-12-311,986,085
Total participant count2019-12-3142
Total funding target for all participants2019-12-312,009,490
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31168,060
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31168,060
Present value of excess contributions2019-12-31173,183
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31183,505
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 year2019-12-31154,985
Total employer contributions2019-12-31509,041
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 date2019-12-31466,618
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 cost2019-12-31405,108
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31405,108
Additional cash requirement2019-12-31405,108
Contributions allocatedtoward minimum required contributions for current year2019-12-31466,618
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: THE RETINA CARE CENTER, LLC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,912,786
Acturial value of plan assets2018-12-311,912,786
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-316
Fundng target for terminated vested participants2018-12-3119,357
Active participant vested funding target2018-12-311,585,375
Number of active participants2018-12-3127
Total funding liabilities for active participants2018-12-311,586,303
Total participant count2018-12-3133
Total funding target for all participants2018-12-311,605,660
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31150,000
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 balance2018-12-31150,000
Present value of excess contributions2018-12-31148,069
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31157,190
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
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 year2018-12-31168,060
Total employer contributions2018-12-31290,668
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 date2018-12-31266,119
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 cost2018-12-31232,002
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3192,936
Additional cash requirement2018-12-3192,936
Contributions allocatedtoward minimum required contributions for current year2018-12-31266,119
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: THE RETINA CARE CENTER, LLC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-311,471,817
Acturial value of plan assets2017-12-311,471,817
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-315
Fundng target for terminated vested participants2017-12-316,005
Active participant vested funding target2017-12-3112,158,180
Number of active participants2017-12-3131
Total funding liabilities for active participants2017-12-311,217,989
Total participant count2017-12-3136
Total funding target for all participants2017-12-311,223,994
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
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 balance2017-12-310
Present value of excess contributions2017-12-31321,164
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31341,590
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31150,000
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 year2017-12-31150,000
Total employer contributions2017-12-31284,947
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 date2017-12-31260,803
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 cost2017-12-31212,211
Net shortfall amortization installment of oustanding balance2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31114,388
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31114,388
Contributions allocatedtoward minimum required contributions for current year2017-12-31260,803
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: THE RETINA CARE CENTER, LLC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-311,296,959
Acturial value of plan assets2016-12-311,296,959
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-313
Fundng target for terminated vested participants2016-12-317,151
Active participant vested funding target2016-12-31904,212
Number of active participants2016-12-3131
Total funding liabilities for active participants2016-12-31906,188
Total participant count2016-12-3134
Total funding target for all participants2016-12-31913,339
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 contributions2016-12-31104,283
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31104,283
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 contributions2016-12-31351,644
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 date2016-12-31321,164
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 cost2016-12-31167,738
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 balances2016-12-310
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 year2016-12-31321,164
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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