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DIGESTIVE DISEASE SPECIALISTS OF N.E. ALABAMA CASH BALANCE PLAN 401k Plan overview

Plan NameDIGESTIVE DISEASE SPECIALISTS OF N.E. ALABAMA CASH BALANCE PLAN
Plan identification number 003

DIGESTIVE DISEASE SPECIALISTS OF N.E. ALABAMA 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).

401k Sponsoring company profile

DIGESTIVE DISEASE SPECIALISTS OF N.E. ALABAMA, P.C. has sponsored the creation of one or more 401k plans.

Company Name:DIGESTIVE DISEASE SPECIALISTS OF N.E. ALABAMA, P.C.
Employer identification number (EIN):631054404
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DIGESTIVE DISEASE SPECIALISTS OF N.E. ALABAMA CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032021-01-01VIJAYAPRASAD TUMMALA2021-11-11
0032020-01-01VIJAYAPRASAD TUMMALA2021-06-07
0032019-01-01THOMAS PUGLIESE2020-05-12
0032018-01-01THOMAS PUGLIESE2019-06-13
0032017-01-01THOMAS PUGLIESE2018-08-24
0032016-01-01THOMAS PUGLIESE2017-06-14
0032015-01-01THOMAS PUGLIESE2016-06-15
0032014-01-01THOMAS PUGLIESE2015-07-28
0032013-01-01THOMAS PUGLIESE2014-05-08
0032012-01-01THOMAS PUGLIESE2013-05-10
0032011-01-01THOMAS PUGLIESE2012-05-29
0032010-01-01THOMAS PUGLIESE2011-07-14

Plan Statistics for DIGESTIVE DISEASE SPECIALISTS OF N.E. ALABAMA CASH BALANCE PLAN

401k plan membership statisitcs for DIGESTIVE DISEASE SPECIALISTS OF N.E. ALABAMA CASH BALANCE PLAN

Measure Date Value
2020: DIGESTIVE DISEASE SPECIALISTS OF N.E. ALABAMA CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-313,373,156
Acturial value of plan assets2020-12-313,373,156
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-318
Fundng target for terminated vested participants2020-12-3123,846
Active participant vested funding target2020-12-312,821,435
Number of active participants2020-12-3110
Total funding liabilities for active participants2020-12-312,822,124
Total participant count2020-12-3118
Total funding target for all participants2020-12-312,845,970
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31241,916
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-315,604
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31236,312
Present value of excess contributions2020-12-310
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 year2020-12-31274,051
Total employer contributions2020-12-310
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 date2020-12-310
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 cost2020-12-31187,046
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: DIGESTIVE DISEASE SPECIALISTS OF N.E. ALABAMA CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-312,811,880
Acturial value of plan assets2019-12-312,811,880
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-317
Fundng target for terminated vested participants2019-12-3111,994
Active participant vested funding target2019-12-312,529,698
Number of active participants2019-12-3112
Total funding liabilities for active participants2019-12-312,529,698
Total participant count2019-12-3119
Total funding target for all participants2019-12-312,541,692
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31359,647
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31359,647
Present value of excess contributions2019-12-31167,019
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31175,186
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-31100,000
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31241,916
Total employer contributions2019-12-31160,733
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31152,014
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31185,890
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31157,618
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-315,604
Additional cash requirement2019-12-31152,014
Contributions allocatedtoward minimum required contributions for current year2019-12-31152,014
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: DIGESTIVE DISEASE SPECIALISTS OF N.E. ALABAMA CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-312,789,953
Acturial value of plan assets2018-12-312,789,953
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-316
Fundng target for terminated vested participants2018-12-313,618
Active participant vested funding target2018-12-312,243,160
Number of active participants2018-12-3112
Total funding liabilities for active participants2018-12-312,243,160
Total participant count2018-12-3118
Total funding target for all participants2018-12-312,246,778
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31395,398
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-3175,000
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31320,398
Present value of excess contributions2018-12-3168,710
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3173,053
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31359,647
Total employer contributions2018-12-31176,842
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31167,019
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31183,166
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-31167,019
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: DIGESTIVE DISEASE SPECIALISTS OF N.E. ALABAMA CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-312,332,474
Acturial value of plan assets2017-12-312,332,474
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-316
Fundng target for terminated vested participants2017-12-313,327
Active participant vested funding target2017-12-311,966,215
Number of active participants2017-12-3112
Total funding liabilities for active participants2017-12-311,967,511
Total participant count2017-12-3118
Total funding target for all participants2017-12-311,970,838
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31362,219
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 balance2017-12-31362,219
Present value of excess contributions2017-12-3171,069
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3174,843
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 year2017-12-31395,398
Total employer contributions2017-12-31190,031
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 date2017-12-31180,391
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 cost2017-12-31181,137
Net shortfall amortization installment of oustanding balance2017-12-3133,762
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31186,681
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-3175,000
Additional cash requirement2017-12-31111,681
Contributions allocatedtoward minimum required contributions for current year2017-12-31180,391
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: DIGESTIVE DISEASE SPECIALISTS OF N.E. ALABAMA CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-312,025,990
Acturial value of plan assets2016-12-312,025,990
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-316
Fundng target for terminated vested participants2016-12-312,212
Active participant vested funding target2016-12-311,593,316
Number of active participants2016-12-3112
Total funding liabilities for active participants2016-12-311,593,478
Total participant count2016-12-3118
Total funding target for all participants2016-12-311,595,690
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31370,064
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 balance2016-12-31370,064
Present value of excess contributions2016-12-31125,005
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31131,868
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 elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31362,219
Total employer contributions2016-12-31137,494
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 date2016-12-31129,273
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 cost2016-12-31126,285
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3158,204
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3158,204
Contributions allocatedtoward minimum required contributions for current year2016-12-31129,273
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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