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BOYNTON BEACH HEART CENTER, P.A. CASH BALANCE PLAN 401k Plan overview

Plan NameBOYNTON BEACH HEART CENTER, P.A. CASH BALANCE PLAN
Plan identification number 002

BOYNTON BEACH HEART CENTER, P.A. CASH BALANCE 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).
  • 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

BOYNTON BEACH HEART CENTER, P.A. has sponsored the creation of one or more 401k plans.

Company Name:BOYNTON BEACH HEART CENTER, P.A.
Employer identification number (EIN):203725333
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about BOYNTON BEACH HEART CENTER, P.A.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 2005-11-03
Company Identification Number: P05000147011
Legal Registered Office Address: 3925 W. BOYNTON BEACH BLVD

BOYNTON BEACH

33436

More information about BOYNTON BEACH HEART CENTER, P.A.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BOYNTON BEACH HEART CENTER, P.A. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01SAMEH YOUSSEF M.D.2024-08-22
0022022-01-01SAMEH YOUSSEF M.D.2023-10-10
0022021-01-01SAMEH YOUSSEF M.D.2022-10-14
0022020-01-01SAMEH YOUSSEF M.D.2021-10-15
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01
0022013-01-01
0022012-01-01DR. SAMEH YOUSSEF2013-11-12

Plan Statistics for BOYNTON BEACH HEART CENTER, P.A. CASH BALANCE PLAN

401k plan membership statisitcs for BOYNTON BEACH HEART CENTER, P.A. CASH BALANCE PLAN

Measure Date Value
2022: BOYNTON BEACH HEART CENTER, P.A. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-312,017,713
Acturial value of plan assets2022-12-312,017,713
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-313
Fundng target for terminated vested participants2022-12-3112,555
Active participant vested funding target2022-12-312,209,989
Number of active participants2022-12-314
Total funding liabilities for active participants2022-12-312,209,989
Total participant count2022-12-317
Total funding target for all participants2022-12-312,222,544
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 contributions2022-12-31213,137
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31213,137
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-31356,000
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 date2022-12-31347,987
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 cost2022-12-31226,711
Net shortfall amortization installment of oustanding balance2022-12-31204,831
Total funding amount beforereflecting carryover/prefunding balances2022-12-31245,640
Additional cash requirement2022-12-31245,640
Contributions allocatedtoward minimum required contributions for current year2022-12-31347,987
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: BOYNTON BEACH HEART CENTER, P.A. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-312,198,932
Acturial value of plan assets2021-12-312,198,932
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-313
Fundng target for terminated vested participants2021-12-3111,840
Active participant vested funding target2021-12-311,839,356
Number of active participants2021-12-312
Total funding liabilities for active participants2021-12-311,839,356
Total participant count2021-12-315
Total funding target for all participants2021-12-311,851,196
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 contributions2021-12-31151,457
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31151,457
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-31216,800
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 date2021-12-31213,137
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 cost2021-12-31210,144
Net shortfall amortization installment of oustanding balance2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31213,137
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: BOYNTON BEACH HEART CENTER, P.A. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,840,294
Acturial value of plan assets2020-12-311,840,294
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-319,310
Active participant vested funding target2020-12-311,536,243
Number of active participants2020-12-313
Total funding liabilities for active participants2020-12-311,536,243
Total participant count2020-12-315
Total funding target for all participants2020-12-311,545,553
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 contributions2020-12-31148,906
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31148,906
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 contributions2020-12-31153,000
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 date2020-12-31151,457
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 cost2020-12-31197,527
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 year2020-12-31151,457
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: BOYNTON BEACH HEART CENTER, P.A. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,438,047
Acturial value of plan assets2019-12-311,438,047
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-312
Fundng target for terminated vested participants2019-12-318,867
Active participant vested funding target2019-12-311,280,982
Number of active participants2019-12-313
Total funding liabilities for active participants2019-12-311,281,617
Total participant count2019-12-315
Total funding target for all participants2019-12-311,290,484
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 contributions2019-12-314,957
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-314,957
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 contributions2019-12-31193,832
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 date2019-12-31190,505
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 cost2019-12-31189,163
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3141,599
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-3141,599
Contributions allocatedtoward minimum required contributions for current year2019-12-31190,505
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: BOYNTON BEACH HEART CENTER, P.A. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,001,922
Acturial value of plan assets2018-12-311,001,922
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-316,073
Active participant vested funding target2018-12-311,012,904
Number of active participants2018-12-313
Total funding liabilities for active participants2018-12-311,014,807
Total participant count2018-12-315
Total funding target for all participants2018-12-311,020,880
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 contributions2018-12-31139,652
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31139,652
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 contributions2018-12-31197,418
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 date2018-12-31194,146
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 cost2018-12-31186,094
Net shortfall amortization installment of oustanding balance2018-12-3118,958
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31189,189
Additional cash requirement2018-12-31189,189
Contributions allocatedtoward minimum required contributions for current year2018-12-31194,146
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: BOYNTON BEACH HEART CENTER, P.A. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31916,735
Acturial value of plan assets2017-12-31916,735
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-315,435
Active participant vested funding target2017-12-31780,714
Number of active participants2017-12-312
Total funding liabilities for active participants2017-12-31780,714
Total participant count2017-12-314
Total funding target for all participants2017-12-31786,149
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of 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 contributions2017-12-31176,187
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 date2017-12-31173,247
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 cost2017-12-31164,181
Total funding amount beforereflecting carryover/prefunding balances2017-12-3133,595
Additional cash requirement2017-12-3133,595
Contributions allocatedtoward minimum required contributions for current year2017-12-31173,247
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: BOYNTON BEACH HEART CENTER, P.A. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31626,253
Acturial value of plan assets2016-12-31626,253
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-313
Fundng target for terminated vested participants2016-12-314,874
Active participant vested funding target2016-12-31577,675
Number of active participants2016-12-311
Total funding liabilities for active participants2016-12-31577,675
Total participant count2016-12-314
Total funding target for all participants2016-12-31582,549
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 contributions2016-12-3165,260
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3165,260
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 contributions2016-12-31168,813
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 date2016-12-31169,945
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 cost2016-12-31147,656
Net shortfall amortization installment of oustanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31103,952
Additional cash requirement2016-12-31103,952
Contributions allocatedtoward minimum required contributions for current year2016-12-31169,945
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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