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WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 401k Plan overview

Plan NameWILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN
Plan identification number 003

WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT 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).

401k Sponsoring company profile

WILLIAM P. MCKAY, M.D., P.C. has sponsored the creation of one or more 401k plans.

Company Name:WILLIAM P. MCKAY, M.D., P.C.
Employer identification number (EIN):582630037
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032017-01-01WILLIAM P. MCKAY WILLIAM P. MCKAY2018-07-17
0032016-01-01WILLIAM P. MCKAY WILLIAM P. MCKAY2017-07-28
0032015-01-01WILLIAM P. MCKAY WILLIAM P. MCKAY2016-08-29
0032014-01-01WILLIAM P. MCKAY WILLIAM P. MCKAY2015-07-06
0032013-01-01WILLIAM P. MCKAY WILLIAM P. MCKAY2014-09-22
0032012-01-01WILLIAM P. MCKAY WILLIAM P. MCKAY2013-08-28
0032011-01-01WILLIAM P. MCKAY WILLIAM P. MCKAY2012-09-10
0032009-01-01WILLIAM P. MCKAY WILLIAM P. MCKAY2010-10-07

Plan Statistics for WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN

401k plan membership statisitcs for WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN

Measure Date Value
2017: WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-313,088,110
Acturial value of plan assets2017-12-313,088,110
Active participant vested funding target2017-12-313,037,771
Number of active participants2017-12-312
Total funding liabilities for active participants2017-12-313,037,771
Total participant count2017-12-312
Total funding target for all participants2017-12-313,037,771
Balance at beginning of prior year after applicable adjustments2017-12-31690
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3166,868
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 balance2017-12-31690
Amount remaining of prefunding balance2017-12-3166,868
Present value of excess contributions2017-12-3146,385
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3146,385
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3146,385
Reductions in caryover balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-31721
Balance of prefunding at beginning of current year2017-12-31116,289
Remaining amount of unpaid minimum required contributions2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-3167,063
Total funding amount beforereflecting carryover/prefunding balances2017-12-313,142
Carryover balance elected to use to offset funding requirement2017-12-31710
Prefunding balance elected to use to offset funding requirement2017-12-312,432
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-012
Total number of active participants reported on line 7a of the Form 55002017-01-010
Number of retired or separated participants receiving benefits2017-01-012
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-312,889,847
Acturial value of plan assets2016-12-312,889,847
Active participant vested funding target2016-12-312,882,152
Number of active participants2016-12-312
Total funding liabilities for active participants2016-12-312,882,152
Total participant count2016-12-312
Total funding target for all participants2016-12-312,882,152
Balance at beginning of prior year after applicable adjustments2016-12-31699
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3147,710
Amount remaining of carryover balance2016-12-31699
Amount remaining of prefunding balance2016-12-3147,710
Present value of excess contributions2016-12-3119,740
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3119,740
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3119,740
Balance of carryovers at beginning of current year2016-12-31690
Balance of prefunding at beginning of current year2016-12-3166,868
Total employer contributions2016-12-31212,000
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31215,830
Minimum required contributions for current year target normal cost2016-12-31122,768
Net shortfall amortization installment of oustanding balance2016-12-31134,699
Total funding amount beforereflecting carryover/prefunding balances2016-12-31169,445
Additional cash requirement2016-12-31169,445
Contributions allocatedtoward minimum required contributions for current year2016-12-31215,830
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-012
Total number of active participants reported on line 7a of the Form 55002016-01-012
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-012
Total number of active participants reported on line 7a of the Form 55002015-01-012
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 participants2015-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-012
Total number of active participants reported on line 7a of the Form 55002014-01-012
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 participants2014-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-012
Total number of active participants reported on line 7a of the Form 55002013-01-012
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 participants2013-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-012
Total number of active participants reported on line 7a of the Form 55002012-01-012
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-012
Total number of active participants reported on line 7a of the Form 55002011-01-012
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-012
Total number of active participants reported on line 7a of the Form 55002009-01-012
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-012

Financial Data on WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN

Measure Date Value
2017 : WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2017 401k financial data
Total income from all sources2017-12-31$109,901
Expenses. Total of all expenses incurred2017-12-31$3,203,740
Benefits paid (including direct rollovers)2017-12-31$3,170,796
Total plan assets at end of year2017-12-31$0
Total plan assets at beginning of year2017-12-31$3,093,839
Value of fidelity bond covering the plan2017-12-31$50,000
Other income received2017-12-31$109,901
Net income (gross income less expenses)2017-12-31$-3,093,839
Net plan assets at end of year (total assets less liabilities)2017-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$3,093,839
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$32,944
2016 : WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2016 401k financial data
Total income from all sources2016-12-31$365,160
Expenses. Total of all expenses incurred2016-12-31$23,732
Total plan assets at end of year2016-12-31$3,093,839
Total plan assets at beginning of year2016-12-31$2,752,411
Value of fidelity bond covering the plan2016-12-31$50,000
Other income received2016-12-31$153,160
Net income (gross income less expenses)2016-12-31$341,428
Net plan assets at end of year (total assets less liabilities)2016-12-31$3,093,839
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$2,752,411
Total contributions received or receivable from employer(s)2016-12-31$212,000
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$23,732
2015 : WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2015 401k financial data
Total income from all sources2015-12-31$203,256
Expenses. Total of all expenses incurred2015-12-31$24,106
Total plan assets at end of year2015-12-31$2,752,411
Total plan assets at beginning of year2015-12-31$2,573,261
Value of fidelity bond covering the plan2015-12-31$50,000
Other income received2015-12-31$-8,644
Net income (gross income less expenses)2015-12-31$179,150
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,752,411
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,573,261
Total contributions received or receivable from employer(s)2015-12-31$211,900
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$24,106
2014 : WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2014 401k financial data
Total income from all sources2014-12-31$266,054
Expenses. Total of all expenses incurred2014-12-31$12,510
Total plan assets at end of year2014-12-31$2,573,261
Total plan assets at beginning of year2014-12-31$2,319,717
Value of fidelity bond covering the plan2014-12-31$50,000
Other income received2014-12-31$75,765
Net income (gross income less expenses)2014-12-31$253,544
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,573,261
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,319,717
Total contributions received or receivable from employer(s)2014-12-31$190,289
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$12,510
2013 : WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2013 401k financial data
Total income from all sources2013-12-31$250,452
Expenses. Total of all expenses incurred2013-12-31$-87
Total plan assets at end of year2013-12-31$2,319,717
Total plan assets at beginning of year2013-12-31$2,069,178
Value of fidelity bond covering the plan2013-12-31$50,000
Other income received2013-12-31$51,477
Net income (gross income less expenses)2013-12-31$250,539
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,319,717
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,069,178
Total contributions received or receivable from employer(s)2013-12-31$198,975
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$-87
2012 : WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2012 401k financial data
Total income from all sources2012-12-31$288,200
Expenses. Total of all expenses incurred2012-12-31$12,262
Total plan assets at end of year2012-12-31$2,069,178
Total plan assets at beginning of year2012-12-31$1,793,240
Value of fidelity bond covering the plan2012-12-31$50,000
Other income received2012-12-31$112,106
Net income (gross income less expenses)2012-12-31$275,938
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,069,178
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,793,240
Total contributions received or receivable from employer(s)2012-12-31$176,094
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$12,262
2011 : WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2011 401k financial data
Total income from all sources2011-12-31$218,029
Expenses. Total of all expenses incurred2011-12-31$10,918
Total plan assets at end of year2011-12-31$1,793,240
Total plan assets at beginning of year2011-12-31$1,586,129
Value of fidelity bond covering the plan2011-12-31$50,000
Other income received2011-12-31$8,911
Net income (gross income less expenses)2011-12-31$207,111
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,793,240
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,586,129
Total contributions received or receivable from employer(s)2011-12-31$209,118
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$10,918
2010 : WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2010 401k financial data
Total income from all sources2010-12-31$298,322
Expenses. Total of all expenses incurred2010-12-31$10,401
Total plan assets at end of year2010-12-31$1,586,129
Total plan assets at beginning of year2010-12-31$1,298,208
Value of fidelity bond covering the plan2010-12-31$50,000
Other income received2010-12-31$138,322
Net income (gross income less expenses)2010-12-31$287,921
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,586,129
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,298,208
Total contributions received or receivable from employer(s)2010-12-31$160,000
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$10,401

Form 5500 Responses for WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN

2017: WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01This submission is the final filingYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: WILLIAM P. MCKAY, M.D., P.C. 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: WILLIAM P. MCKAY, M.D., P.C. 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: WILLIAM P. MCKAY, M.D., P.C. 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: WILLIAM P. MCKAY, M.D., P.C. 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
2012: WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: WILLIAM P. MCKAY, M.D., P.C. DEFINED BENEFIT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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