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PEARL CHU KWONG, M.D., P.L.L.C. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NamePEARL CHU KWONG, M.D., P.L.L.C. CASH BALANCE PENSION PLAN
Plan identification number 002

PEARL CHU KWONG, M.D., P.L.L.C. CASH BALANCE PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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

PEARL CHU KWONG, M.D., P.L.L.C. has sponsored the creation of one or more 401k plans.

Company Name:PEARL CHU KWONG, M.D., P.L.L.C.
Employer identification number (EIN):141968179
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PEARL CHU KWONG, M.D., P.L.L.C. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-01-01MICHAEL HIGNETT2022-01-24
0022020-01-01MICHAEL HIGNETT2021-07-28
0022019-01-01MICHAEL HIGNETT2020-04-28
0022018-01-01MICHAEL HIGNETT2019-05-13
0022017-01-01MICHAEL HIGNETT2018-07-17
0022016-01-01MICHAEL HIGNETT2017-07-27
0022015-01-01MICHAEL HIGNETT2016-07-22
0022014-01-01MICHAEL HIGNETT2015-07-24
0022013-01-01MICHAEL HIGNETT2014-09-22
0022012-01-01MICHAEL HIGNETT2013-10-14
0022011-01-01MICHAEL HIGNETT, M.D.2012-10-05 MICHAEL HIGNETT, M.D.2012-10-05
0022010-01-01MICHAEL HIGNETT, M.D.2011-10-03 MICHAEL HIGNETT, M.D.2011-10-03

Plan Statistics for PEARL CHU KWONG, M.D., P.L.L.C. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for PEARL CHU KWONG, M.D., P.L.L.C. CASH BALANCE PENSION PLAN

Measure Date Value
2021: PEARL CHU KWONG, M.D., P.L.L.C. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-10-314,946,721
Acturial value of plan assets2021-10-314,946,721
Funding target for retired participants and beneficiaries receiving payment2021-10-310
Number of terminated vested participants2021-10-311
Fundng target for terminated vested participants2021-10-31248
Active participant vested funding target2021-10-313,665,202
Number of active participants2021-10-314
Total funding liabilities for active participants2021-10-313,665,202
Total participant count2021-10-315
Total funding target for all participants2021-10-313,665,450
Balance at beginning of prior year after applicable adjustments2021-10-310
Prefunding balance at beginning of prior year after applicable adjustments2021-10-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-10-310
Prefunding balanced used to offset prior years funding requirement2021-10-310
Amount remaining of carryover balance2021-10-310
Amount remaining of prefunding balance2021-10-310
Present value of excess contributions2021-10-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-10-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-10-310
Reductions in caryover balances due to elections or deemed elections2021-10-310
Reductions in prefunding balances due to elections or deemed elections2021-10-310
Balance of carryovers at beginning of current year2021-10-310
Balance of prefunding at beginning of current year2021-10-310
Total employer contributions2021-10-310
Total employee contributions2021-10-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-10-310
Contributions made to avoid restrictions adjusted to valuation date2021-10-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-10-310
Unpaid minimum required contributions for all prior years2021-10-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-10-310
Remaining amount of unpaid minimum required contributions2021-10-310
Minimum required contributions for current year target normal cost2021-10-311,124,503
Net shortfall amortization installment of oustanding balance2021-10-310
Waiver amortization installment2021-10-310
Total funding amount beforereflecting carryover/prefunding balances2021-10-310
Additional cash requirement2021-10-310
Contributions allocatedtoward minimum required contributions for current year2021-10-310
Unpaid minimum required contributions for current year2021-10-310
Unpaid minimum required contributions for all years2021-10-310
2020: PEARL CHU KWONG, M.D., P.L.L.C. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-314,374,277
Acturial value of plan assets2020-12-314,374,277
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-31223
Active participant vested funding target2020-12-313,494,548
Number of active participants2020-12-314
Total funding liabilities for active participants2020-12-313,494,548
Total participant count2020-12-315
Total funding target for all participants2020-12-313,494,771
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 contributions2020-12-31496,833
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31496,833
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 contributions2020-12-310
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 date2020-12-310
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 cost2020-12-31235
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 year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: PEARL CHU KWONG, M.D., P.L.L.C. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-313,448,244
Acturial value of plan assets2019-12-313,448,244
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-31220
Active participant vested funding target2019-12-313,253,942
Number of active participants2019-12-314
Total funding liabilities for active participants2019-12-313,253,942
Total participant count2019-12-315
Total funding target for all participants2019-12-313,254,162
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 contributions2019-12-312,679
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-312,679
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 contributions2019-12-31500,000
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 date2019-12-31496,833
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 cost2019-12-31127,505
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31496,833
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: PEARL CHU KWONG, M.D., P.L.L.C. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-312,615,527
Acturial value of plan assets2018-12-312,615,527
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-31196
Active participant vested funding target2018-12-312,877,150
Number of active participants2018-12-314
Total funding liabilities for active participants2018-12-312,877,150
Total participant count2018-12-315
Total funding target for all participants2018-12-312,877,346
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 contributions2018-12-3181,468
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3181,468
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31275,000
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 date2018-12-31275,348
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 cost2018-12-31229,927
Net shortfall amortization installment of oustanding balance2018-12-31261,819
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31272,669
Additional cash requirement2018-12-31272,669
Contributions allocatedtoward minimum required contributions for current year2018-12-31275,348
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: PEARL CHU KWONG, M.D., P.L.L.C. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-312,482,445
Acturial value of plan assets2017-12-312,482,445
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-31174
Active participant vested funding target2017-12-311,939,022
Number of active participants2017-12-315
Total funding liabilities for active participants2017-12-311,939,022
Total participant count2017-12-316
Total funding target for all participants2017-12-311,939,196
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 contributions2017-12-31247,671
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31247,671
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31250,000
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 date2017-12-31248,488
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 cost2017-12-31710,269
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31167,020
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31167,020
Contributions allocatedtoward minimum required contributions for current year2017-12-31248,488
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: PEARL CHU KWONG, M.D., P.L.L.C. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-312,017,584
Acturial value of plan assets2016-12-312,017,584
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-31254
Active participant vested funding target2016-12-311,725,723
Number of active participants2016-12-313
Total funding liabilities for active participants2016-12-311,725,723
Total participant count2016-12-314
Total funding target for all participants2016-12-311,725,977
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 contributions2016-12-31243,205
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31243,205
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31255,000
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 date2016-12-31247,671
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 cost2016-12-31200,933
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-31247,671
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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