401k Plan data: SPECIALTY MEDICAL PRODUCTS, INC. CASH BALANCE PLAN plan

SPECIALTY MEDICAL PRODUCTS, INC. CASH BALANCE PLAN 401k Plan overview

Plan Name	SPECIALTY MEDICAL PRODUCTS, INC. CASH BALANCE PLAN
Plan identification number	001

SPECIALTY MEDICAL PRODUCTS, INC. CASH BALANCE PLAN Benefits

401k Plan Type

Defined 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).
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
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

SPECIALTY MEDICAL PRODUCTS has sponsored the creation of one or more 401k plans.

Company Name: SPECIALTY MEDICAL PRODUCTS

Employer identification number (EIN): 582115545

NAIC Classification: 423400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SPECIALTY MEDICAL PRODUCTS, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2019-01-01 LAUREN VAIL 2020-10-01 LAUREN VAIL 2020-10-01
001 2018-01-01 LAUREN VAIL 2019-10-10 LAUREN VAIL 2019-10-10
001 2017-01-01
001 2016-01-01 JOHN MCCRARY 2017-10-11
001 2015-01-01
001 2014-01-01 TONY LAIR 2015-10-06
001 2013-01-01 TONY LAIR 2014-10-03
001 2012-01-01 TONY LAIR 2013-10-14
001 2011-01-01 TONY LAIR 2012-10-04
001 2010-01-01 TONY LAIR 2011-03-25

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2019-01-01	LAUREN VAIL	2020-10-01	LAUREN VAIL	2020-10-01
001	2018-01-01	LAUREN VAIL	2019-10-10	LAUREN VAIL	2019-10-10
001	2017-01-01
001	2016-01-01	JOHN MCCRARY	2017-10-11
001	2015-01-01
001	2014-01-01	TONY LAIR	2015-10-06
001	2013-01-01	TONY LAIR	2014-10-03
001	2012-01-01	TONY LAIR	2013-10-14
001	2011-01-01	TONY LAIR	2012-10-04
001	2010-01-01	TONY LAIR	2011-03-25

Plan Statistics for SPECIALTY MEDICAL PRODUCTS, INC. CASH BALANCE PLAN

401k plan membership statisitcs for SPECIALTY MEDICAL PRODUCTS, INC. CASH BALANCE PLAN

Measure Date Value
2019: SPECIALTY MEDICAL PRODUCTS, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets 2019-12-31 279,203
Acturial value of plan assets 2019-12-31 279,203
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 6
Fundng target for terminated vested participants 2019-12-31 38,857
Active participant vested funding target 2019-12-31 256,725
Number of active participants 2019-12-31 6
Total funding liabilities for active participants 2019-12-31 256,725
Total participant count 2019-12-31 12
Total funding target for all participants 2019-12-31 295,582
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 0
Present value of excess contributions 2019-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 57,940
Total employee contributions 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 54,754
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 44,474
Net shortfall amortization installment of oustanding balance 2019-12-31 16,379
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 47,135
Additional cash requirement 2019-12-31 47,135
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 54,754
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: SPECIALTY MEDICAL PRODUCTS, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets 2018-12-31 252,441
Acturial value of plan assets 2018-12-31 252,441
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 6
Fundng target for terminated vested participants 2018-12-31 23,661
Active participant vested funding target 2018-12-31 212,523
Number of active participants 2018-12-31 6
Total funding liabilities for active participants 2018-12-31 212,523
Total participant count 2018-12-31 12
Total funding target for all participants 2018-12-31 236,184
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 0
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 29,181
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 12,924
Additional cash requirement 2018-12-31 12,924
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for current year 2018-12-31 12,924
Unpaid minimum required contributions for all years 2018-12-31 12,924
2017: SPECIALTY MEDICAL PRODUCTS, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets 2017-12-31 251,843
Acturial value of plan assets 2017-12-31 251,843
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 6
Fundng target for terminated vested participants 2017-12-31 22,480
Active participant vested funding target 2017-12-31 174,327
Number of active participants 2017-12-31 6
Total funding liabilities for active participants 2017-12-31 174,327
Total participant count 2017-12-31 12
Total funding target for all participants 2017-12-31 196,807
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 13,540
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 14,401
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 0
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 0
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 23,842
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 0
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 0
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: SPECIALTY MEDICAL PRODUCTS, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets 2016-12-31 221,742
Acturial value of plan assets 2016-12-31 221,742
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 6
Fundng target for terminated vested participants 2016-12-31 14,613
Active participant vested funding target 2016-12-31 137,743
Number of active participants 2016-12-31 8
Total funding liabilities for active participants 2016-12-31 139,839
Total participant count 2016-12-31 14
Total funding target for all participants 2016-12-31 154,452
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 27,948
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 29,689
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 15,000
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 13,540
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 28,535
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 13,540
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2019: SPECIALTY MEDICAL PRODUCTS, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets	2019-12-31	279,203
Acturial value of plan assets	2019-12-31	279,203
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	6
Fundng target for terminated vested participants	2019-12-31	38,857
Active participant vested funding target	2019-12-31	256,725
Number of active participants	2019-12-31	6
Total funding liabilities for active participants	2019-12-31	256,725
Total participant count	2019-12-31	12
Total funding target for all participants	2019-12-31	295,582
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	57,940
Total employee contributions	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	54,754
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	44,474
Net shortfall amortization installment of oustanding balance	2019-12-31	16,379
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	47,135
Additional cash requirement	2019-12-31	47,135
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	54,754
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: SPECIALTY MEDICAL PRODUCTS, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets	2018-12-31	252,441
Acturial value of plan assets	2018-12-31	252,441
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	6
Fundng target for terminated vested participants	2018-12-31	23,661
Active participant vested funding target	2018-12-31	212,523
Number of active participants	2018-12-31	6
Total funding liabilities for active participants	2018-12-31	212,523
Total participant count	2018-12-31	12
Total funding target for all participants	2018-12-31	236,184
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	0
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	29,181
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	12,924
Additional cash requirement	2018-12-31	12,924
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for current year	2018-12-31	12,924
Unpaid minimum required contributions for all years	2018-12-31	12,924
2017: SPECIALTY MEDICAL PRODUCTS, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets	2017-12-31	251,843
Acturial value of plan assets	2017-12-31	251,843
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	6
Fundng target for terminated vested participants	2017-12-31	22,480
Active participant vested funding target	2017-12-31	174,327
Number of active participants	2017-12-31	6
Total funding liabilities for active participants	2017-12-31	174,327
Total participant count	2017-12-31	12
Total funding target for all participants	2017-12-31	196,807
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	13,540
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	14,401
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	0
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	23,842
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	0
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	0
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: SPECIALTY MEDICAL PRODUCTS, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	221,742
Acturial value of plan assets	2016-12-31	221,742
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	6
Fundng target for terminated vested participants	2016-12-31	14,613
Active participant vested funding target	2016-12-31	137,743
Number of active participants	2016-12-31	8
Total funding liabilities for active participants	2016-12-31	139,839
Total participant count	2016-12-31	14
Total funding target for all participants	2016-12-31	154,452
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	27,948
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	29,689
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	15,000
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	13,540
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	28,535
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	13,540
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	SPECIALTY MEDICAL PRODUCTS
Employer identification number (EIN):	582115545
NAIC Classification:	423400