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SAN DIEGO PATHOLOGISTS MEDICAL GROUP, INC PENSION PLAN 401k Plan overview

Plan NameSAN DIEGO PATHOLOGISTS MEDICAL GROUP, INC PENSION PLAN
Plan identification number 004

SAN DIEGO PATHOLOGISTS MEDICAL GROUP, INC PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SAN DIEGO PATHOLOGISTS MEDICAL GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:SAN DIEGO PATHOLOGISTS MEDICAL GROUP, INC.
Employer identification number (EIN):952589913
NAIC Classification:621399
NAIC Description:Offices of All Other Miscellaneous Health Practitioners

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SAN DIEGO PATHOLOGISTS MEDICAL GROUP, INC PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042023-01-01DR. WILLIAM WATTS2024-10-01
0042022-01-01DR. WILLIAM WATTS2023-07-26
0042021-01-01DR. WILLIAM WATTS2022-09-26
0042020-01-01WILLIAM WATTS2021-05-25 WILLIAM WATTS2021-05-25
0042019-01-01WILLIAM WATTS2020-10-14 WILLIAM WATTS2020-10-14
0042018-01-01WILLIAM WATTS2019-10-15 WILLIAM WATTS2019-10-15
0042017-01-01WILLIAM WATTS2018-04-10 WILLIAM WATTS2018-04-10
0042016-01-01WILLIAM WATTS2017-06-28 WILLIAM WATTS2017-06-28
0042016-01-01WILLIAM WATTS2017-03-30 WILLIAM WATTS2017-03-30
0042015-01-01WILLIAM WATTS2016-05-19 WILLIAM WATTS2016-05-19

Plan Statistics for SAN DIEGO PATHOLOGISTS MEDICAL GROUP, INC PENSION PLAN

401k plan membership statisitcs for SAN DIEGO PATHOLOGISTS MEDICAL GROUP, INC PENSION PLAN

Measure Date Value
2022: SAN DIEGO PATHOLOGISTS MEDICAL GROUP, INC PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-315,081,177
Acturial value of plan assets2022-12-315,081,177
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-3119
Fundng target for terminated vested participants2022-12-31284,346
Active participant vested funding target2022-12-315,045,528
Number of active participants2022-12-3124
Total funding liabilities for active participants2022-12-315,045,528
Total participant count2022-12-3143
Total funding target for all participants2022-12-315,329,874
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-31953,498
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31953,498
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-31763,703
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31758,547
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31682,220
Net shortfall amortization installment of oustanding balance2022-12-31248,697
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31705,202
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31705,202
Contributions allocatedtoward minimum required contributions for current year2022-12-31758,547
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: SAN DIEGO PATHOLOGISTS MEDICAL GROUP, INC PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-316,630,874
Acturial value of plan assets2021-12-316,630,874
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-3123
Fundng target for terminated vested participants2021-12-311,352,429
Active participant vested funding target2021-12-313,988,930
Number of active participants2021-12-3133
Total funding liabilities for active participants2021-12-313,991,927
Total participant count2021-12-3156
Total funding target for all participants2021-12-315,344,356
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-31822,163
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31822,163
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-31951,052
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31953,498
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31924,143
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31953,498
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: SAN DIEGO PATHOLOGISTS MEDICAL GROUP, INC PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-315,580,316
Acturial value of plan assets2020-12-315,580,316
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-3115
Fundng target for terminated vested participants2020-12-31607,042
Active participant vested funding target2020-12-314,084,192
Number of active participants2020-12-3140
Total funding liabilities for active participants2020-12-314,084,192
Total participant count2020-12-3155
Total funding target for all participants2020-12-314,691,234
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-31285,010
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31285,010
Total available prior years excess cotributions added 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 year2020-12-310
Total employer contributions2020-12-31828,070
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 date2020-12-31822,163
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 cost2020-12-31817,197
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31822,163
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: SAN DIEGO PATHOLOGISTS MEDICAL GROUP, INC PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-313,948,640
Acturial value of plan assets2019-12-313,948,640
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-3110
Fundng target for terminated vested participants2019-12-31505,704
Active participant vested funding target2019-12-313,176,884
Number of active participants2019-12-3149
Total funding liabilities for active participants2019-12-313,181,801
Total participant count2019-12-3159
Total funding target for all participants2019-12-313,687,505
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
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 balance2019-12-310
Present value of excess contributions2019-12-3144,976
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3144,976
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 year2019-12-310
Total employer contributions2019-12-31744,168
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 date2019-12-31753,923
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
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 cost2019-12-31730,048
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31468,913
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31468,913
Contributions allocatedtoward minimum required contributions for current year2019-12-31753,923
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: SAN DIEGO PATHOLOGISTS MEDICAL GROUP, INC PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-312,623,184
Acturial value of plan assets2018-12-312,623,184
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-317
Fundng target for terminated vested participants2018-12-31355,121
Active participant vested funding target2018-12-312,284,796
Number of active participants2018-12-3154
Total funding liabilities for active participants2018-12-312,291,866
Total participant count2018-12-3161
Total funding target for all participants2018-12-312,646,987
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
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 balance2018-12-310
Present value of excess contributions2018-12-31288,702
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31288,702
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 year2018-12-310
Total employer contributions2018-12-31910,913
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 date2018-12-31913,069
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 cost2018-12-31864,207
Net shortfall amortization installment of oustanding balance2018-12-3123,803
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31868,093
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31868,093
Contributions allocatedtoward minimum required contributions for current year2018-12-31913,069
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: SAN DIEGO PATHOLOGISTS MEDICAL GROUP, INC PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-312,012,575
Acturial value of plan assets2017-12-312,012,575
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-316
Fundng target for terminated vested participants2017-12-31142,025
Active participant vested funding target2017-12-311,566,323
Number of active participants2017-12-3152
Total funding liabilities for active participants2017-12-311,567,125
Total participant count2017-12-3158
Total funding target for all participants2017-12-311,709,150
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
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 balance2017-12-310
Present value of excess contributions2017-12-31210,560
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31210,560
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 year2017-12-310
Total employer contributions2017-12-31740,323
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 date2017-12-31743,418
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 cost2017-12-31758,141
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31454,716
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31454,716
Contributions allocatedtoward minimum required contributions for current year2017-12-31743,418
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: SAN DIEGO PATHOLOGISTS MEDICAL GROUP, INC PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-311,232,038
Acturial value of plan assets2016-12-311,232,038
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-315
Fundng target for terminated vested participants2016-12-31393,858
Active participant vested funding target2016-12-31736,894
Number of active participants2016-12-3152
Total funding liabilities for active participants2016-12-31736,894
Total participant count2016-12-3157
Total funding target for all participants2016-12-311,130,752
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-310
Present value of excess contributions2016-12-3183,534
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3183,534
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 year2016-12-310
Total employer contributions2016-12-311,041,189
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 date2016-12-311,029,435
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 cost2016-12-31974,105
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 balances2016-12-31872,819
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31872,819
Contributions allocatedtoward minimum required contributions for current year2016-12-311,029,435
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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