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OHIO VALLEY SURGEONS, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameOHIO VALLEY SURGEONS, INC. CASH BALANCE PENSION PLAN
Plan identification number 003

OHIO VALLEY SURGEONS, INC. CASH BALANCE PENSION 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).
  • 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).

401k Sponsoring company profile

OHIO VALLEY SURGEONS, INC. has sponsored the creation of one or more 401k plans.

Company Name:OHIO VALLEY SURGEONS, INC.
Employer identification number (EIN):550770150
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OHIO VALLEY SURGEONS, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032018-01-01HOWARD SHACKELFORD2019-06-04
0032017-01-01HOWARD SHACKELFORD2018-07-27
0032016-01-01HOWARD SHACKELFORD2017-07-20
0032015-01-01HOWARD SHACKELFORD2016-07-26
0032014-01-01HOWARD SHACKELFORD2015-05-29
0032013-01-01HOWARD SHACKELFORD2014-08-25
0032012-01-01HOWARD SHACKELFORD2013-07-14
0032011-01-01HOWARD SHACKELFORD2012-06-13
0032010-01-01HOWARD SHACKELFORD2011-07-01

Plan Statistics for OHIO VALLEY SURGEONS, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for OHIO VALLEY SURGEONS, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2017: OHIO VALLEY SURGEONS, INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-31364,216
Acturial value of plan assets2017-12-31364,216
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-313
Fundng target for terminated vested participants2017-12-3118,260
Active participant vested funding target2017-12-31332,928
Number of active participants2017-12-3110
Total funding liabilities for active participants2017-12-31333,266
Total participant count2017-12-3113
Total funding target for all participants2017-12-31351,526
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3123,049
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-3116,847
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-316,202
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 year2017-12-316,604
Total employer contributions2017-12-3125,500
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 date2017-12-3123,964
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 cost2017-12-3125,005
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3118,919
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3118,919
Contributions allocatedtoward minimum required contributions for current year2017-12-3123,964
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: OHIO VALLEY SURGEONS, INC. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31334,649
Acturial value of plan assets2016-12-31334,649
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-312
Fundng target for terminated vested participants2016-12-3115,103
Active participant vested funding target2016-12-31295,726
Number of active participants2016-12-3112
Total funding liabilities for active participants2016-12-31295,995
Total participant count2016-12-3114
Total funding target for all participants2016-12-31311,098
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3137,367
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 balance2016-12-3137,367
Present value of excess contributions2016-12-311,542
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-311,635
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 elections2016-12-3114,000
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-3123,049
Total employer contributions2016-12-3110,651
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 date2016-12-319,954
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 cost2016-12-3127,303
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 balances2016-12-3126,801
Prefunding balance elected to use to offset funding requirement2016-12-3116,847
Additional cash requirement2016-12-319,954
Contributions allocatedtoward minimum required contributions for current year2016-12-319,954
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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