401k Plan data: JUSTIN W. SHEK DDS INC. CASH BALANCE PLAN plan

JUSTIN W. SHEK DDS INC. CASH BALANCE PLAN 401k Plan overview

Plan Name	JUSTIN W. SHEK DDS INC. CASH BALANCE PLAN
Plan identification number	003

JUSTIN W. SHEK DDS INC. CASH BALANCE PLAN Benefits

401k Plan Type

Defined 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

Y. CLEMENT SHEK, D.D.S., INC. has sponsored the creation of one or more 401k plans.

Company Name: Y. CLEMENT SHEK, D.D.S., INC.

Employer identification number (EIN): 942311386

NAIC Classification: 621210
NAIC Description: Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JUSTIN W. SHEK DDS INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2022-11-01
003 2021-11-01
003 2020-11-01

Plan Statistics for JUSTIN W. SHEK DDS INC. CASH BALANCE PLAN

401k plan membership statisitcs for JUSTIN W. SHEK DDS INC. CASH BALANCE PLAN

Measure Date Value
2023: JUSTIN W. SHEK DDS INC. CASH BALANCE PLAN 2023 401k membership
Market value of plan assets 2023-10-31 278,600
Acturial value of plan assets 2023-10-31 278,600
Funding target for retired participants and beneficiaries receiving payment 2023-10-31 0
Number of terminated vested participants 2023-10-31 0
Fundng target for terminated vested participants 2023-10-31 0
Active participant vested funding target 2023-10-31 283,543
Number of active participants 2023-10-31 5
Total funding liabilities for active participants 2023-10-31 284,810
Total participant count 2023-10-31 5
Total funding target for all participants 2023-10-31 284,810
Balance at beginning of prior year after applicable adjustments 2023-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2023-10-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2023-10-31 0
Prefunding balanced used to offset prior years funding requirement 2023-10-31 0
Amount remaining of carryover balance 2023-10-31 0
Amount remaining of prefunding balance 2023-10-31 0
Present value of excess contributions 2023-10-31 304
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2023-10-31 304
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2023-10-31 0
Reductions in caryover balances due to elections or deemed elections 2023-10-31 0
Reductions in prefunding balances due to elections or deemed elections 2023-10-31 0
Balance of carryovers at beginning of current year 2023-10-31 0
Balance of prefunding at beginning of current year 2023-10-31 0
Total employer contributions 2023-10-31 155,291
Total employee contributions 2023-10-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2023-10-31 0
Contributions made to avoid restrictions adjusted to valuation date 2023-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2023-10-31 149,947
Unpaid minimum required contributions for all prior years 2023-10-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2023-10-31 0
Remaining amount of unpaid minimum required contributions 2023-10-31 0
Minimum required contributions for current year target normal cost 2023-10-31 136,455
Net shortfall amortization installment of oustanding balance 2023-10-31 6,210
Waiver amortization installment 2023-10-31 0
Total funding amount beforereflecting carryover/prefunding balances 2023-10-31 137,029
Carryover balance elected to use to offset funding requirement 2023-10-31 0
Prefunding balance elected to use to offset funding requirement 2023-10-31 0
Additional cash requirement 2023-10-31 137,029
Contributions allocatedtoward minimum required contributions for current year 2023-10-31 149,947
Unpaid minimum required contributions for current year 2023-10-31 0
Unpaid minimum required contributions for all years 2023-10-31 0
2022: JUSTIN W. SHEK DDS INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets 2022-10-31 132,636
Acturial value of plan assets 2022-10-31 132,636
Funding target for retired participants and beneficiaries receiving payment 2022-10-31 0
Number of terminated vested participants 2022-10-31 0
Fundng target for terminated vested participants 2022-10-31 0
Active participant vested funding target 2022-10-31 131,574
Number of active participants 2022-10-31 5
Total funding liabilities for active participants 2022-10-31 131,574
Total participant count 2022-10-31 5
Total funding target for all participants 2022-10-31 131,574
Balance at beginning of prior year after applicable adjustments 2022-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-10-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-10-31 0
Prefunding balanced used to offset prior years funding requirement 2022-10-31 0
Amount remaining of carryover balance 2022-10-31 0
Amount remaining of prefunding balance 2022-10-31 0
Present value of excess contributions 2022-10-31 7,954
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-10-31 7,954
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-10-31 0
Reductions in caryover balances due to elections or deemed elections 2022-10-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-10-31 0
Balance of carryovers at beginning of current year 2022-10-31 0
Balance of prefunding at beginning of current year 2022-10-31 0
Total employer contributions 2022-10-31 136,534
Total employee contributions 2022-10-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-10-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-10-31 131,892
Unpaid minimum required contributions for all prior years 2022-10-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-10-31 0
Remaining amount of unpaid minimum required contributions 2022-10-31 0
Minimum required contributions for current year target normal cost 2022-10-31 132,650
Net shortfall amortization installment of oustanding balance 2022-10-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-10-31 131,588
Carryover balance elected to use to offset funding requirement 2022-10-31 0
Prefunding balance elected to use to offset funding requirement 2022-10-31 0
Additional cash requirement 2022-10-31 131,588
Contributions allocatedtoward minimum required contributions for current year 2022-10-31 131,892
Unpaid minimum required contributions for current year 2022-10-31 0
Unpaid minimum required contributions for all years 2022-10-31 0
2021: JUSTIN W. SHEK DDS INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets 2021-10-31 0
Acturial value of plan assets 2021-10-31 0
Funding target for retired participants and beneficiaries receiving payment 2021-10-31 0
Number of terminated vested participants 2021-10-31 0
Fundng target for terminated vested participants 2021-10-31 0
Active participant vested funding target 2021-10-31 0
Number of active participants 2021-10-31 2
Total funding liabilities for active participants 2021-10-31 0
Total participant count 2021-10-31 2
Total funding target for all participants 2021-10-31 0
Balance at beginning of prior year after applicable adjustments 2021-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-10-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-10-31 0
Prefunding balanced used to offset prior years funding requirement 2021-10-31 0
Amount remaining of carryover balance 2021-10-31 0
Amount remaining of prefunding balance 2021-10-31 0
Present value of excess contributions 2021-10-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-10-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-10-31 0
Reductions in caryover balances due to elections or deemed elections 2021-10-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-10-31 0
Balance of carryovers at beginning of current year 2021-10-31 0
Balance of prefunding at beginning of current year 2021-10-31 0
Total employer contributions 2021-10-31 132,100
Total employee contributions 2021-10-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-10-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-10-31 130,162
Unpaid minimum required contributions for all prior years 2021-10-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-10-31 0
Remaining amount of unpaid minimum required contributions 2021-10-31 0
Minimum required contributions for current year target normal cost 2021-10-31 122,208
Net shortfall amortization installment of oustanding balance 2021-10-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-10-31 122,208
Additional cash requirement 2021-10-31 122,208
Contributions allocatedtoward minimum required contributions for current year 2021-10-31 130,162
Unpaid minimum required contributions for current year 2021-10-31 0
Unpaid minimum required contributions for all years 2021-10-31 0

Measure	Date	Value
2023: JUSTIN W. SHEK DDS INC. CASH BALANCE PLAN 2023 401k membership
Market value of plan assets	2023-10-31	278,600
Acturial value of plan assets	2023-10-31	278,600
Funding target for retired participants and beneficiaries receiving payment	2023-10-31	0
Number of terminated vested participants	2023-10-31	0
Fundng target for terminated vested participants	2023-10-31	0
Active participant vested funding target	2023-10-31	283,543
Number of active participants	2023-10-31	5
Total funding liabilities for active participants	2023-10-31	284,810
Total participant count	2023-10-31	5
Total funding target for all participants	2023-10-31	284,810
Balance at beginning of prior year after applicable adjustments	2023-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2023-10-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2023-10-31	0
Prefunding balanced used to offset prior years funding requirement	2023-10-31	0
Amount remaining of carryover balance	2023-10-31	0
Amount remaining of prefunding balance	2023-10-31	0
Present value of excess contributions	2023-10-31	304
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2023-10-31	304
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2023-10-31	0
Reductions in caryover balances due to elections or deemed elections	2023-10-31	0
Reductions in prefunding balances due to elections or deemed elections	2023-10-31	0
Balance of carryovers at beginning of current year	2023-10-31	0
Balance of prefunding at beginning of current year	2023-10-31	0
Total employer contributions	2023-10-31	155,291
Total employee contributions	2023-10-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2023-10-31	0
Contributions made to avoid restrictions adjusted to valuation date	2023-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2023-10-31	149,947
Unpaid minimum required contributions for all prior years	2023-10-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2023-10-31	0
Remaining amount of unpaid minimum required contributions	2023-10-31	0
Minimum required contributions for current year target normal cost	2023-10-31	136,455
Net shortfall amortization installment of oustanding balance	2023-10-31	6,210
Waiver amortization installment	2023-10-31	0
Total funding amount beforereflecting carryover/prefunding balances	2023-10-31	137,029
Carryover balance elected to use to offset funding requirement	2023-10-31	0
Prefunding balance elected to use to offset funding requirement	2023-10-31	0
Additional cash requirement	2023-10-31	137,029
Contributions allocatedtoward minimum required contributions for current year	2023-10-31	149,947
Unpaid minimum required contributions for current year	2023-10-31	0
Unpaid minimum required contributions for all years	2023-10-31	0
2022: JUSTIN W. SHEK DDS INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets	2022-10-31	132,636
Acturial value of plan assets	2022-10-31	132,636
Funding target for retired participants and beneficiaries receiving payment	2022-10-31	0
Number of terminated vested participants	2022-10-31	0
Fundng target for terminated vested participants	2022-10-31	0
Active participant vested funding target	2022-10-31	131,574
Number of active participants	2022-10-31	5
Total funding liabilities for active participants	2022-10-31	131,574
Total participant count	2022-10-31	5
Total funding target for all participants	2022-10-31	131,574
Balance at beginning of prior year after applicable adjustments	2022-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-10-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-10-31	0
Prefunding balanced used to offset prior years funding requirement	2022-10-31	0
Amount remaining of carryover balance	2022-10-31	0
Amount remaining of prefunding balance	2022-10-31	0
Present value of excess contributions	2022-10-31	7,954
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-10-31	7,954
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-10-31	0
Reductions in caryover balances due to elections or deemed elections	2022-10-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-10-31	0
Balance of carryovers at beginning of current year	2022-10-31	0
Balance of prefunding at beginning of current year	2022-10-31	0
Total employer contributions	2022-10-31	136,534
Total employee contributions	2022-10-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-10-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-10-31	131,892
Unpaid minimum required contributions for all prior years	2022-10-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-10-31	0
Remaining amount of unpaid minimum required contributions	2022-10-31	0
Minimum required contributions for current year target normal cost	2022-10-31	132,650
Net shortfall amortization installment of oustanding balance	2022-10-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-10-31	131,588
Carryover balance elected to use to offset funding requirement	2022-10-31	0
Prefunding balance elected to use to offset funding requirement	2022-10-31	0
Additional cash requirement	2022-10-31	131,588
Contributions allocatedtoward minimum required contributions for current year	2022-10-31	131,892
Unpaid minimum required contributions for current year	2022-10-31	0
Unpaid minimum required contributions for all years	2022-10-31	0
2021: JUSTIN W. SHEK DDS INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets	2021-10-31	0
Acturial value of plan assets	2021-10-31	0
Funding target for retired participants and beneficiaries receiving payment	2021-10-31	0
Number of terminated vested participants	2021-10-31	0
Fundng target for terminated vested participants	2021-10-31	0
Active participant vested funding target	2021-10-31	0
Number of active participants	2021-10-31	2
Total funding liabilities for active participants	2021-10-31	0
Total participant count	2021-10-31	2
Total funding target for all participants	2021-10-31	0
Balance at beginning of prior year after applicable adjustments	2021-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-10-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-10-31	0
Prefunding balanced used to offset prior years funding requirement	2021-10-31	0
Amount remaining of carryover balance	2021-10-31	0
Amount remaining of prefunding balance	2021-10-31	0
Present value of excess contributions	2021-10-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-10-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-10-31	0
Reductions in caryover balances due to elections or deemed elections	2021-10-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-10-31	0
Balance of carryovers at beginning of current year	2021-10-31	0
Balance of prefunding at beginning of current year	2021-10-31	0
Total employer contributions	2021-10-31	132,100
Total employee contributions	2021-10-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-10-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-10-31	130,162
Unpaid minimum required contributions for all prior years	2021-10-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-10-31	0
Remaining amount of unpaid minimum required contributions	2021-10-31	0
Minimum required contributions for current year target normal cost	2021-10-31	122,208
Net shortfall amortization installment of oustanding balance	2021-10-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-10-31	122,208
Additional cash requirement	2021-10-31	122,208
Contributions allocatedtoward minimum required contributions for current year	2021-10-31	130,162
Unpaid minimum required contributions for current year	2021-10-31	0
Unpaid minimum required contributions for all years	2021-10-31	0

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Company Name:	Y. CLEMENT SHEK, D.D.S., INC.
Employer identification number (EIN):	942311386
NAIC Classification:	621210
NAIC Description:	Offices of Dentists