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ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. CASH BALANCE PLAN
Plan identification number 002

ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. 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).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. has sponsored the creation of one or more 401k plans.

Company Name:ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC.
Employer identification number (EIN):541922084
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. 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

Plan Statistics for ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. CASH BALANCE PLAN

401k plan membership statisitcs for ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. CASH BALANCE PLAN

Measure Date Value
2022: ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-313,059,984
Acturial value of plan assets2022-12-313,059,984
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-3110
Fundng target for terminated vested participants2022-12-3117,895
Active participant vested funding target2022-12-311,942,622
Number of active participants2022-12-31104
Total funding liabilities for active participants2022-12-311,956,867
Total participant count2022-12-31114
Total funding target for all participants2022-12-311,974,762
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
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 balance2022-12-310
Present value of excess contributions2022-12-311,045,057
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-311,103,580
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 year2022-12-310
Total employer contributions2022-12-312,126,404
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 date2022-12-311,997,049
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 cost2022-12-311,202,119
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31116,897
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31116,897
Contributions allocatedtoward minimum required contributions for current year2022-12-311,997,049
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-01114
Total number of active participants reported on line 7a of the Form 55002022-01-01108
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-017
Total of all active and inactive participants2022-01-01115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01115
Number of participants with account balances2022-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0110
2021: ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-312,011,085
Acturial value of plan assets2021-12-312,011,085
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-316
Fundng target for terminated vested participants2021-12-311,323
Active participant vested funding target2021-12-311,120,574
Number of active participants2021-12-31108
Total funding liabilities for active participants2021-12-311,140,507
Total participant count2021-12-31114
Total funding target for all participants2021-12-311,141,830
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
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 balance2021-12-310
Present value of excess contributions2021-12-31813,824
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31857,933
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
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 year2021-12-310
Total employer contributions2021-12-311,419,560
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 date2021-12-311,337,045
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 cost2021-12-311,161,243
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31291,988
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31291,988
Contributions allocatedtoward minimum required contributions for current year2021-12-311,337,045
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-01114
Total number of active participants reported on line 7a of the Form 55002021-01-01104
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0110
Total of all active and inactive participants2021-01-01114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-017
2020: ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-310
Acturial value of plan assets2020-12-310
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-310
Number of active participants2020-12-31104
Total funding liabilities for active participants2020-12-310
Total participant count2020-12-31104
Total funding target for all participants2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Total available prior years excess cotributions available 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 year2020-12-310
Total employer contributions2020-12-312,081,867
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 date2020-12-311,981,176
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 cost2020-12-311,167,352
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-311,167,352
Additional cash requirement2020-12-311,167,352
Contributions allocatedtoward minimum required contributions for current year2020-12-311,981,176
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-01104
Total number of active participants reported on line 7a of the Form 55002020-01-01104
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-016
Total of all active and inactive participants2020-01-01110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-011

Financial Data on ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. CASH BALANCE PLAN

Measure Date Value
2022 : ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. CASH BALANCE PLAN 2022 401k financial data
Total income from all sources2022-12-31$473,967
Expenses. Total of all expenses incurred2022-12-31$310,268
Benefits paid (including direct rollovers)2022-12-31$310,268
Total plan assets at end of year2022-12-31$3,237,466
Total plan assets at beginning of year2022-12-31$3,073,767
Value of fidelity bond covering the plan2022-12-31$140,000
Other income received2022-12-31$-211,923
Net income (gross income less expenses)2022-12-31$163,699
Net plan assets at end of year (total assets less liabilities)2022-12-31$3,237,466
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$3,073,767
Total contributions received or receivable from employer(s)2022-12-31$685,890
2021 : ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. CASH BALANCE PLAN 2021 401k financial data
Total income from all sources2021-12-31$1,482,678
Expenses. Total of all expenses incurred2021-12-31$432,656
Benefits paid (including direct rollovers)2021-12-31$432,656
Total plan assets at end of year2021-12-31$3,073,767
Total plan assets at beginning of year2021-12-31$2,023,745
Value of fidelity bond covering the plan2021-12-31$237,000
Other income received2021-12-31$63,118
Net income (gross income less expenses)2021-12-31$1,050,022
Net plan assets at end of year (total assets less liabilities)2021-12-31$3,073,767
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$2,023,745
Total contributions received or receivable from employer(s)2021-12-31$1,419,560
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. CASH BALANCE PLAN 2020 401k financial data
Total income from all sources2020-12-31$2,110,533
Expenses. Total of all expenses incurred2020-12-31$86,788
Benefits paid (including direct rollovers)2020-12-31$86,788
Total plan assets at end of year2020-12-31$2,023,745
Total plan assets at beginning of year2020-12-31$0
Value of fidelity bond covering the plan2020-12-31$67,000
Other income received2020-12-31$28,666
Net income (gross income less expenses)2020-12-31$2,023,745
Net plan assets at end of year (total assets less liabilities)2020-12-31$2,023,745
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$2,081,867
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0

Form 5500 Responses for ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. CASH BALANCE PLAN

2022: ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. CASH BALANCE PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. CASH BALANCE PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: ONCOLOGY & HEMATOLOGY ASSOCIATES OF SOUTHWEST VIRGINIA, INC. CASH BALANCE PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01First time form 5500 has been submittedYes
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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