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CALIFORNIA CENTER FOR REFRACTIVE EYE SURGERY, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameCALIFORNIA CENTER FOR REFRACTIVE EYE SURGERY, INC. CASH BALANCE PENSION PLAN
Plan identification number 003

CALIFORNIA CENTER FOR REFRACTIVE EYE SURGERY, INC. CASH BALANCE PENSION PLAN Benefits

401k Plan TypeDefined 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).
  • 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

CALIFORNIA CENTER FOR REFRACTIVE SURGERY, INC. has sponsored the creation of one or more 401k plans.

Company Name:CALIFORNIA CENTER FOR REFRACTIVE SURGERY, INC.
Employer identification number (EIN):954799985
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CALIFORNIA CENTER FOR REFRACTIVE EYE SURGERY, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01
0032022-01-01
0032021-01-01
0032020-01-01PAUL LEE, M.D.2021-09-27
0032019-01-01PAUL LEE, M.D.2020-10-01
0032018-01-01PAUL LEE, M.D.2019-09-23

Plan Statistics for CALIFORNIA CENTER FOR REFRACTIVE EYE SURGERY, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for CALIFORNIA CENTER FOR REFRACTIVE EYE SURGERY, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2022: CALIFORNIA CENTER FOR REFRACTIVE EYE SURGERY, INC. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-311,239,866
Acturial value of plan assets2022-12-311,239,866
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-319
Fundng target for terminated vested participants2022-12-315,039
Active participant vested funding target2022-12-311,054,100
Number of active participants2022-12-317
Total funding liabilities for active participants2022-12-311,054,100
Total participant count2022-12-3116
Total funding target for all participants2022-12-311,059,139
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3188,315
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 balance2022-12-3188,315
Present value of excess contributions2022-12-31212,639
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31212,639
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-31212,639
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 year2022-12-31308,814
Total employer contributions2022-12-31150,000
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 date2022-12-31145,717
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 cost2022-12-31234,581
Net shortfall amortization installment of oustanding balance2022-12-31143,033
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31247,799
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-31102,082
Additional cash requirement2022-12-31145,717
Contributions allocatedtoward minimum required contributions for current year2022-12-31145,717
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: CALIFORNIA CENTER FOR REFRACTIVE EYE SURGERY, INC. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-31877,597
Acturial value of plan assets2021-12-31877,597
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-315
Fundng target for terminated vested participants2021-12-312,404
Active participant vested funding target2021-12-31773,776
Number of active participants2021-12-3110
Total funding liabilities for active participants2021-12-31774,180
Total participant count2021-12-3115
Total funding target for all participants2021-12-31776,584
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3171,801
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 balance2021-12-3171,801
Present value of excess contributions2021-12-3111,164
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3111,164
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-3111,164
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 year2021-12-3188,314
Total employer contributions2021-12-31450,000
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 date2021-12-31439,501
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 cost2021-12-31235,304
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31226,862
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31226,862
Contributions allocatedtoward minimum required contributions for current year2021-12-31439,501
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: CALIFORNIA CENTER FOR REFRACTIVE EYE SURGERY, INC. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-31573,584
Acturial value of plan assets2020-12-31573,584
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-315
Fundng target for terminated vested participants2020-12-312,131
Active participant vested funding target2020-12-31486,569
Number of active participants2020-12-316
Total funding liabilities for active participants2020-12-31486,569
Total participant count2020-12-3111
Total funding target for all participants2020-12-31488,700
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-319,551
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 balance2020-12-319,551
Present value of excess contributions2020-12-3161,700
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3161,700
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3161,700
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 year2020-12-3171,801
Total employer contributions2020-12-31245,503
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 date2020-12-31228,468
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 cost2020-12-31226,409
Net shortfall amortization installment of oustanding balance2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31217,304
Additional cash requirement2020-12-31217,304
Contributions allocatedtoward minimum required contributions for current year2020-12-31228,468
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: CALIFORNIA CENTER FOR REFRACTIVE EYE SURGERY, INC. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-31248,233
Acturial value of plan assets2019-12-31248,233
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-315
Fundng target for terminated vested participants2019-12-311,530
Active participant vested funding target2019-12-31238,277
Number of active participants2019-12-315
Total funding liabilities for active participants2019-12-31238,277
Total participant count2019-12-3110
Total funding target for all participants2019-12-31239,807
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 contributions2019-12-319,551
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-319,551
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-319,551
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 year2019-12-319,551
Total employer contributions2019-12-31300,000
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 date2019-12-31289,233
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 cost2019-12-31227,533
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31227,533
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31227,533
Contributions allocatedtoward minimum required contributions for current year2019-12-31289,233
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: CALIFORNIA CENTER FOR REFRACTIVE EYE SURGERY, INC. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-310
Acturial value of plan assets2018-12-310
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-310
Number of active participants2018-12-3110
Total funding liabilities for active participants2018-12-310
Total participant count2018-12-3110
Total funding target for all participants2018-12-310
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 contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
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 contributions2018-12-31244,000
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 date2018-12-31234,910
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 cost2018-12-31225,359
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31225,359
Additional cash requirement2018-12-31225,359
Contributions allocatedtoward minimum required contributions for current year2018-12-31234,910
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310

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