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MEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameMEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN
Plan identification number 001

MEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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.

401k Sponsoring company profile

MEDICAL ASSOCIATES NETWORK, INC. has sponsored the creation of one or more 401k plans.

Company Name:MEDICAL ASSOCIATES NETWORK, INC.
Employer identification number (EIN):954279525
NAIC Classification:424990
NAIC Description:Other Miscellaneous Nondurable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01PHILIP W. WYATT2015-10-12
0012013-01-01PHILIP W. WYATT2014-10-13
0012012-01-01PHILIP W. WYATT2013-08-28
0012011-01-01PHILIP W. WYATT
0012010-01-01PHILIP W. WYATT2011-10-12

Plan Statistics for MEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for MEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2020: MEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-311,053,692
Acturial value of plan assets2020-12-311,053,692
Funding target for retired participants and beneficiaries receiving payment2020-12-31556,451
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-3198,004
Active participant vested funding target2020-12-31446,212
Number of active participants2020-12-313
Total funding liabilities for active participants2020-12-31446,212
Total participant count2020-12-315
Total funding target for all participants2020-12-311,100,667
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 contributions2020-12-315,470
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-315,470
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 contributions2020-12-3168,000
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 date2020-12-3166,735
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 cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-3146,975
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3131,771
Additional cash requirement2020-12-3131,771
Contributions allocatedtoward minimum required contributions for current year2020-12-3166,735
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: MEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-31926,143
Acturial value of plan assets2019-12-31926,143
Funding target for retired participants and beneficiaries receiving payment2019-12-31556,451
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-3196,967
Active participant vested funding target2019-12-31442,274
Number of active participants2019-12-313
Total funding liabilities for active participants2019-12-31442,274
Total participant count2019-12-315
Total funding target for all participants2019-12-311,095,692
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 contributions2019-12-3193
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3193
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 contributions2019-12-31128,895
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 date2019-12-31125,225
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 cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-31169,549
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31119,755
Additional cash requirement2019-12-31119,755
Contributions allocatedtoward minimum required contributions for current year2019-12-31125,225
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: MEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-31335,508
Acturial value of plan assets2018-12-31335,508
Funding target for retired participants and beneficiaries receiving payment2018-12-31554,919
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-3190,717
Active participant vested funding target2018-12-31417,006
Number of active participants2018-12-313
Total funding liabilities for active participants2018-12-31417,006
Total participant count2018-12-315
Total funding target for all participants2018-12-311,062,642
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 contributions2018-12-311,457
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-311,457
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 contributions2018-12-31159,500
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 date2018-12-31154,936
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 cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-31727,134
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31154,843
Additional cash requirement2018-12-31154,843
Contributions allocatedtoward minimum required contributions for current year2018-12-31154,936
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: MEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-31579,223
Acturial value of plan assets2017-12-31579,223
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-31102,079
Active participant vested funding target2017-12-31916,608
Number of active participants2017-12-314
Total funding liabilities for active participants2017-12-31916,608
Total participant count2017-12-316
Total funding target for all participants2017-12-311,018,687
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 contributions2017-12-31935
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31935
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 contributions2017-12-31105,565
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 date2017-12-31100,990
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 cost2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-31439,464
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3199,533
Additional cash requirement2017-12-3199,533
Contributions allocatedtoward minimum required contributions for current year2017-12-31100,990
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: MEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31343,120
Acturial value of plan assets2016-12-31343,120
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-31987,743
Number of active participants2016-12-316
Total funding liabilities for active participants2016-12-31987,743
Total participant count2016-12-316
Total funding target for all participants2016-12-31987,743
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 contributions2016-12-311,739
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-311,739
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 contributions2016-12-31153,565
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 date2016-12-31144,615
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 cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-31644,623
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31143,680
Additional cash requirement2016-12-31143,680
Contributions allocatedtoward minimum required contributions for current year2016-12-31144,615
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
2011: MEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-016
Total number of active participants reported on line 7a of the Form 55002011-01-016
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on MEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2011 : MEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$-96,140
Expenses. Total of all expenses incurred2011-12-31$25
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$293,731
Total plan assets at beginning of year2011-12-31$389,896
Value of fidelity bond covering the plan2011-12-31$250,000
Total contributions received or receivable from participants2011-12-31$0
Expenses. Other expenses not covered elsewhere2011-12-31$25
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-206,295
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$-96,165
Net plan assets at end of year (total assets less liabilities)2011-12-31$293,731
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$389,896
Assets. Value of participant loans2011-12-31$20,000
Assets. Value of employer securities2011-12-31$13,500
Total contributions received or receivable from employer(s)2011-12-31$110,155
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0

Form 5500 Responses for MEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN

2011: MEDICAL ASSOCIATES NETWORK, INC. DEFINED BENEFIT PENSION PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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