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NEPHROLOGY ASSOCIATES OF MOBILE, P.A. CASH BALANCE PLAN 401k Plan overview

Plan NameNEPHROLOGY ASSOCIATES OF MOBILE, P.A. CASH BALANCE PLAN
Plan identification number 002

NEPHROLOGY ASSOCIATES OF MOBILE, P.A. 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).
  • 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

NEPHROLOGY ASSOCIATES OF MOBILE, PA has sponsored the creation of one or more 401k plans.

Company Name:NEPHROLOGY ASSOCIATES OF MOBILE, PA
Employer identification number (EIN):630790569
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEPHROLOGY ASSOCIATES OF MOBILE, P.A. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022018-01-01STEPHEN P. WILBER2019-05-06
0022017-01-01STEPHEN WILBER2018-06-22
0022016-01-01PHILIP BUTERA2017-06-21
0022015-01-01PHILIP BUTERA2016-07-01
0022014-01-01PHILIP BUTERA2015-05-14
0022013-01-01PHILIP BUTERA2014-06-05
0022012-01-01PHILIP BUTERA2013-08-27
0022011-01-01PHILIP J BUTERA2012-08-13
0022010-01-01PHILIP J BUTERA2011-09-19

Plan Statistics for NEPHROLOGY ASSOCIATES OF MOBILE, P.A. CASH BALANCE PLAN

401k plan membership statisitcs for NEPHROLOGY ASSOCIATES OF MOBILE, P.A. CASH BALANCE PLAN

Measure Date Value
2018: NEPHROLOGY ASSOCIATES OF MOBILE, P.A. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-174,794,642
Acturial value of plan assets2018-12-174,794,642
Funding target for retired participants and beneficiaries receiving payment2018-12-170
Number of terminated vested participants2018-12-171
Fundng target for terminated vested participants2018-12-17132,158
Active participant vested funding target2018-12-173,980,785
Number of active participants2018-12-1718
Total funding liabilities for active participants2018-12-173,980,785
Total participant count2018-12-1719
Total funding target for all participants2018-12-174,112,943
Balance at beginning of prior year after applicable adjustments2018-12-170
Prefunding balance at beginning of prior year after applicable adjustments2018-12-17206,735
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-170
Prefunding balanced used to offset prior years funding requirement2018-12-170
Amount remaining of carryover balance2018-12-170
Amount remaining of prefunding balance2018-12-17206,735
Present value of excess contributions2018-12-1755,957
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-1759,208
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-170
Reductions in caryover balances due to elections or deemed elections2018-12-170
Reductions in prefunding balances due to elections or deemed elections2018-12-170
Balance of carryovers at beginning of current year2018-12-170
Balance of prefunding at beginning of current year2018-12-17241,177
Total employer contributions2018-12-170
Total employee contributions2018-12-170
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-170
Contributions made to avoid restrictions adjusted to valuation date2018-12-170
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-170
Unpaid minimum required contributions for all prior years2018-12-170
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-170
Remaining amount of unpaid minimum required contributions2018-12-170
Minimum required contributions for current year target normal cost2018-12-170
Net shortfall amortization installment of oustanding balance2018-12-170
Waiver amortization installment2018-12-170
Total funding amount beforereflecting carryover/prefunding balances2018-12-170
Carryover balance elected to use to offset funding requirement2018-12-170
Prefunding balance elected to use to offset funding requirement2018-12-170
Additional cash requirement2018-12-170
Contributions allocatedtoward minimum required contributions for current year2018-12-170
Unpaid minimum required contributions for current year2018-12-170
Unpaid minimum required contributions for all years2018-12-170
2017: NEPHROLOGY ASSOCIATES OF MOBILE, P.A. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-314,098,959
Acturial value of plan assets2017-12-314,098,959
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-313,878,703
Number of active participants2017-12-3121
Total funding liabilities for active participants2017-12-313,878,703
Total participant count2017-12-3121
Total funding target for all participants2017-12-313,878,703
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31122,914
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 balance2017-12-31122,914
Present value of excess contributions2017-12-3169,916
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3174,076
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3174,000
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31206,735
Total employer contributions2017-12-31411,524
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 date2017-12-31398,258
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 cost2017-12-31355,822
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31342,301
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31342,301
Contributions allocatedtoward minimum required contributions for current year2017-12-31398,258
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: NEPHROLOGY ASSOCIATES OF MOBILE, P.A. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-313,423,986
Acturial value of plan assets2016-12-313,423,986
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-313,293,423
Number of active participants2016-12-3120
Total funding liabilities for active participants2016-12-313,293,423
Total participant count2016-12-3120
Total funding target for all participants2016-12-313,293,423
Balance at beginning of prior year after applicable adjustments2016-12-3179,503
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31278,825
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 balance2016-12-3179,503
Amount remaining of prefunding balance2016-12-31278,825
Present value of excess contributions2016-12-3162,198
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3165,992
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 elections2016-12-3177,818
Reductions in prefunding balances due to elections or deemed elections2016-12-31150,000
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31122,914
Total employer contributions2016-12-31407,967
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 date2016-12-31395,754
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 cost2016-12-31333,487
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 balances2016-12-31325,838
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31325,838
Contributions allocatedtoward minimum required contributions for current year2016-12-31395,754
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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