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JOSEPH A. TURNER, P.C. CASH BALANCE PLAN 401k Plan overview

Plan NameJOSEPH A. TURNER, P.C. CASH BALANCE PLAN
Plan identification number 002

JOSEPH A. TURNER, P.C. 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).
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • 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

JOSEPH A. TURNER 401(K) PROFIT SHARING PLAN has sponsored the creation of one or more 401k plans.

Company Name:JOSEPH A. TURNER 401(K) PROFIT SHARING PLAN
Employer identification number (EIN):742380634
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JOSEPH A. TURNER, P.C. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01
0022013-01-01JIM STONE2014-06-06
0022012-01-01JIM STONE2013-03-05
0022011-01-01JIM STONE2012-06-13
0022010-01-01EMILY STRUNK2011-08-01

Plan Statistics for JOSEPH A. TURNER, P.C. CASH BALANCE PLAN

401k plan membership statisitcs for JOSEPH A. TURNER, P.C. CASH BALANCE PLAN

Measure Date Value
2019: JOSEPH A. TURNER, P.C. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,781,381
Acturial value of plan assets2019-12-311,781,381
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-312
Fundng target for terminated vested participants2019-12-3129,200
Active participant vested funding target2019-12-311,751,694
Number of active participants2019-12-313
Total funding liabilities for active participants2019-12-311,751,694
Total participant count2019-12-315
Total funding target for all participants2019-12-311,780,894
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3182,692
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-3117,739
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3164,953
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
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 elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-3161,439
Total employer contributions2019-12-31101,812
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 date2019-12-3198,927
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 cost2019-12-31136,527
Net shortfall amortization installment of oustanding balance2019-12-3160,952
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31159,276
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-3160,968
Additional cash requirement2019-12-3198,308
Contributions allocatedtoward minimum required contributions for current year2019-12-3198,927
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: JOSEPH A. TURNER, P.C. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,627,423
Acturial value of plan assets2018-12-311,627,423
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-3128,694
Active participant vested funding target2018-12-311,613,285
Number of active participants2018-12-313
Total funding liabilities for active participants2018-12-311,613,285
Total participant count2018-12-315
Total funding target for all participants2018-12-311,641,979
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31238,434
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31238,434
Present value of excess contributions2018-12-3152,511
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3152,511
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 elections2018-12-31179,919
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-3182,692
Total employer contributions2018-12-31150,000
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 date2018-12-31153,689
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 cost2018-12-31140,362
Net shortfall amortization installment of oustanding balance2018-12-31101,135
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31172,186
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-3118,497
Additional cash requirement2018-12-31153,689
Contributions allocatedtoward minimum required contributions for current year2018-12-31153,689
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: JOSEPH A. TURNER, P.C. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-311,483,353
Acturial value of plan assets2017-12-311,483,353
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-3126,581
Active participant vested funding target2017-12-311,409,811
Number of active participants2017-12-313
Total funding liabilities for active participants2017-12-311,409,811
Total participant count2017-12-315
Total funding target for all participants2017-12-311,436,392
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31228,758
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 balance2017-12-31228,758
Present value of excess contributions2017-12-3160,745
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3160,745
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 year2017-12-31238,434
Total employer contributions2017-12-31250,000
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 date2017-12-31250,019
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 cost2017-12-31134,501
Net shortfall amortization installment of oustanding balance2017-12-31338,565
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31197,508
Additional cash requirement2017-12-31197,508
Contributions allocatedtoward minimum required contributions for current year2017-12-31250,019
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: JOSEPH A. TURNER, P.C. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-311,090,231
Acturial value of plan assets2016-12-311,090,231
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-3119,416
Active participant vested funding target2016-12-311,212,629
Number of active participants2016-12-315
Total funding liabilities for active participants2016-12-311,212,629
Total participant count2016-12-316
Total funding target for all participants2016-12-311,232,045
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31237,202
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 balance2016-12-31237,202
Present value of excess contributions2016-12-3135,679
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3135,679
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 year2016-12-31228,758
Total employer contributions2016-12-31261,000
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 date2016-12-31258,692
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 cost2016-12-31134,940
Net shortfall amortization installment of oustanding balance2016-12-31381,347
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31197,947
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31197,947
Contributions allocatedtoward minimum required contributions for current year2016-12-31258,692
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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