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MARK F. FARMUM, MD, A PROFESSIONAL CORPORATION CASH BALANCE PLAN 401k Plan overview

Plan NameMARK F. FARMUM, MD, A PROFESSIONAL CORPORATION CASH BALANCE PLAN
Plan identification number 003

MARK F. FARMUM, MD, A PROFESSIONAL CORPORATION CASH BALANCE 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).

401k Sponsoring company profile

MARK FARNUM, MD., APC has sponsored the creation of one or more 401k plans.

Company Name:MARK FARNUM, MD., APC
Employer identification number (EIN):953871400
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MARK F. FARMUM, MD, A PROFESSIONAL CORPORATION CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032019-02-01
0032018-02-01
0032017-02-01
0032016-02-01
0032015-02-01

Plan Statistics for MARK F. FARMUM, MD, A PROFESSIONAL CORPORATION CASH BALANCE PLAN

401k plan membership statisitcs for MARK F. FARMUM, MD, A PROFESSIONAL CORPORATION CASH BALANCE PLAN

Measure Date Value
2019: MARK F. FARMUM, MD, A PROFESSIONAL CORPORATION CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-05-101,032,200
Acturial value of plan assets2019-05-101,032,200
Funding target for retired participants and beneficiaries receiving payment2019-05-100
Number of terminated vested participants2019-05-100
Fundng target for terminated vested participants2019-05-100
Active participant vested funding target2019-05-101,034,717
Number of active participants2019-05-104
Total funding liabilities for active participants2019-05-101,034,717
Total participant count2019-05-104
Total funding target for all participants2019-05-101,034,717
Balance at beginning of prior year after applicable adjustments2019-05-100
Prefunding balance at beginning of prior year after applicable adjustments2019-05-100
Carryover balanced portion elected for use to offset prior years funding requirement2019-05-100
Prefunding balanced used to offset prior years funding requirement2019-05-100
Amount remaining of carryover balance2019-05-100
Amount remaining of prefunding balance2019-05-100
Present value of excess contributions2019-05-10271
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-05-10271
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-05-100
Reductions in caryover balances due to elections or deemed elections2019-05-100
Reductions in prefunding balances due to elections or deemed elections2019-05-100
Balance of carryovers at beginning of current year2019-05-100
Balance of prefunding at beginning of current year2019-05-100
Total employer contributions2019-05-1053
Total employee contributions2019-05-100
Contributions allocated toward unpaid minimum require contributions from prior years2019-05-100
Contributions made to avoid restrictions adjusted to valuation date2019-05-100
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-05-1053
Unpaid minimum required contributions for all prior years2019-05-100
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-05-100
Remaining amount of unpaid minimum required contributions2019-05-100
Minimum required contributions for current year target normal cost2019-05-100
Net shortfall amortization installment of oustanding balance2019-05-102,517
Waiver amortization installment2019-05-100
Total funding amount beforereflecting carryover/prefunding balances2019-05-1049
Carryover balance elected to use to offset funding requirement2019-05-100
Prefunding balance elected to use to offset funding requirement2019-05-100
Additional cash requirement2019-05-1049
Contributions allocatedtoward minimum required contributions for current year2019-05-1053
Unpaid minimum required contributions for current year2019-05-100
Unpaid minimum required contributions for all years2019-05-100
Market value of plan assets2019-01-31860,566
Acturial value of plan assets2019-01-31860,566
Funding target for retired participants and beneficiaries receiving payment2019-01-310
Number of terminated vested participants2019-01-310
Fundng target for terminated vested participants2019-01-310
Active participant vested funding target2019-01-31783,809
Number of active participants2019-01-314
Total funding liabilities for active participants2019-01-31783,809
Total participant count2019-01-314
Total funding target for all participants2019-01-31783,809
Balance at beginning of prior year after applicable adjustments2019-01-310
Prefunding balance at beginning of prior year after applicable adjustments2019-01-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-01-310
Prefunding balanced used to offset prior years funding requirement2019-01-310
Amount remaining of carryover balance2019-01-310
Amount remaining of prefunding balance2019-01-310
Present value of excess contributions2019-01-31350,586
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-01-31350,586
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-01-310
Reductions in caryover balances due to elections or deemed elections2019-01-310
Reductions in prefunding balances due to elections or deemed elections2019-01-310
Balance of carryovers at beginning of current year2019-01-310
Balance of prefunding at beginning of current year2019-01-310
Total employer contributions2019-01-31171,815
Total employee contributions2019-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-01-310
Contributions made to avoid restrictions adjusted to valuation date2019-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-01-31171,634
Unpaid minimum required contributions for all prior years2019-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-01-310
Remaining amount of unpaid minimum required contributions2019-01-310
Minimum required contributions for current year target normal cost2019-01-31248,120
Net shortfall amortization installment of oustanding balance2019-01-310
Waiver amortization installment2019-01-310
Total funding amount beforereflecting carryover/prefunding balances2019-01-31171,363
Carryover balance elected to use to offset funding requirement2019-01-310
Prefunding balance elected to use to offset funding requirement2019-01-310
Additional cash requirement2019-01-31171,363
Contributions allocatedtoward minimum required contributions for current year2019-01-31171,634
Unpaid minimum required contributions for current year2019-01-310
Unpaid minimum required contributions for all years2019-01-310
2018: MARK F. FARMUM, MD, A PROFESSIONAL CORPORATION CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-01-31694,202
Acturial value of plan assets2018-01-31694,202
Funding target for retired participants and beneficiaries receiving payment2018-01-310
Number of terminated vested participants2018-01-310
Fundng target for terminated vested participants2018-01-310
Active participant vested funding target2018-01-31497,102
Number of active participants2018-01-314
Total funding liabilities for active participants2018-01-31497,102
Total participant count2018-01-314
Total funding target for all participants2018-01-31497,102
Balance at beginning of prior year after applicable adjustments2018-01-310
Prefunding balance at beginning of prior year after applicable adjustments2018-01-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-01-310
Prefunding balanced used to offset prior years funding requirement2018-01-310
Amount remaining of carryover balance2018-01-310
Amount remaining of prefunding balance2018-01-310
Present value of excess contributions2018-01-3121,892
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-01-3121,892
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-01-310
Reductions in caryover balances due to elections or deemed elections2018-01-310
Reductions in prefunding balances due to elections or deemed elections2018-01-310
Balance of carryovers at beginning of current year2018-01-310
Balance of prefunding at beginning of current year2018-01-310
Total employer contributions2018-01-31350,000
Total employee contributions2018-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-01-310
Contributions made to avoid restrictions adjusted to valuation date2018-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-01-31350,586
Unpaid minimum required contributions for all prior years2018-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-01-310
Remaining amount of unpaid minimum required contributions2018-01-310
Minimum required contributions for current year target normal cost2018-01-31252,693
Net shortfall amortization installment of oustanding balance2018-01-310
Waiver amortization installment2018-01-310
Total funding amount beforereflecting carryover/prefunding balances2018-01-310
Carryover balance elected to use to offset funding requirement2018-01-310
Prefunding balance elected to use to offset funding requirement2018-01-310
Additional cash requirement2018-01-310
Contributions allocatedtoward minimum required contributions for current year2018-01-31350,586
Unpaid minimum required contributions for current year2018-01-310
Unpaid minimum required contributions for all years2018-01-310
2017: MARK F. FARMUM, MD, A PROFESSIONAL CORPORATION CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-01-31242,190
Acturial value of plan assets2017-01-31242,190
Funding target for retired participants and beneficiaries receiving payment2017-01-310
Number of terminated vested participants2017-01-310
Fundng target for terminated vested participants2017-01-310
Active participant vested funding target2017-01-310
Number of active participants2017-01-314
Total funding liabilities for active participants2017-01-31224,755
Total participant count2017-01-314
Total funding target for all participants2017-01-31224,755
Balance at beginning of prior year after applicable adjustments2017-01-310
Prefunding balance at beginning of prior year after applicable adjustments2017-01-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-01-310
Prefunding balanced used to offset prior years funding requirement2017-01-310
Amount remaining of carryover balance2017-01-310
Amount remaining of prefunding balance2017-01-310
Present value of excess contributions2017-01-3137,475
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-01-3137,480
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-01-310
Reductions in caryover balances due to elections or deemed elections2017-01-310
Reductions in prefunding balances due to elections or deemed elections2017-01-310
Balance of carryovers at beginning of current year2017-01-310
Balance of prefunding at beginning of current year2017-01-310
Total employer contributions2017-01-31252,069
Total employee contributions2017-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-01-310
Contributions made to avoid restrictions adjusted to valuation date2017-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-01-31252,748
Liquidity shortfalls end of Q12017-01-310
Liquidity shortfalls end of Q22017-01-310
Liquidity shortfalls end of Q32017-01-310
Liquidity shortfalls end of Q42017-01-310
Unpaid minimum required contributions for all prior years2017-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-01-310
Remaining amount of unpaid minimum required contributions2017-01-310
Minimum required contributions for current year target normal cost2017-01-31248,291
Net shortfall amortization installment of oustanding balance2017-01-310
Waiver amortization installment2017-01-310
Total funding amount beforereflecting carryover/prefunding balances2017-01-31230,856
Carryover balance elected to use to offset funding requirement2017-01-310
Prefunding balance elected to use to offset funding requirement2017-01-310
Additional cash requirement2017-01-31230,856
Contributions allocatedtoward minimum required contributions for current year2017-01-31252,748
Unpaid minimum required contributions for current year2017-01-310
Unpaid minimum required contributions for all years2017-01-310

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