401k Plan data: BETZ OPHTHALMOLOGY ASSOCIATES, PC CASH BALANCE PENSION PLAN plan

BETZ OPHTHALMOLOGY ASSOCIATES, PC CASH BALANCE PENSION PLAN 401k Plan overview

Plan Name	BETZ OPHTHALMOLOGY ASSOCIATES, PC CASH BALANCE PENSION PLAN
Plan identification number	005

BETZ OPHTHALMOLOGY ASSOCIATES, PC CASH BALANCE PENSION PLAN Benefits

401k Plan Type

Defined 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

BETZ OPHTHALMOLOGY ASSOCIATES, PC has sponsored the creation of one or more 401k plans.

Company Name: BETZ OPHTHALMOLOGY ASSOCIATES, PC

Employer identification number (EIN): 232076715

NAIC Classification: 621320
NAIC Description: Offices of Optometrists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BETZ OPHTHALMOLOGY ASSOCIATES, PC CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
005 2017-10-01
005 2016-10-01
005 2015-10-01 LOUIS H. BETZ, MD 2017-04-12
005 2014-10-01 LOUIS H. BETZ, MD 2016-07-08
005 2013-10-01 LOUIS H. BETZ, MD 2015-07-08
005 2012-10-01 LOUIS H. BETZ, MD 2014-01-23
005 2011-10-01 LOUIS H. BETZ, MD 2013-02-13
005 2010-10-01 LOUIS H. BETZ, MD 2012-07-16
005 2008-10-01

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
005	2017-10-01
005	2016-10-01
005	2015-10-01	LOUIS H. BETZ, MD	2017-04-12
005	2014-10-01	LOUIS H. BETZ, MD	2016-07-08
005	2013-10-01	LOUIS H. BETZ, MD	2015-07-08
005	2012-10-01	LOUIS H. BETZ, MD	2014-01-23
005	2011-10-01	LOUIS H. BETZ, MD	2013-02-13
005	2010-10-01	LOUIS H. BETZ, MD	2012-07-16
005	2008-10-01

Plan Statistics for BETZ OPHTHALMOLOGY ASSOCIATES, PC CASH BALANCE PENSION PLAN

401k plan membership statisitcs for BETZ OPHTHALMOLOGY ASSOCIATES, PC CASH BALANCE PENSION PLAN

Measure Date Value
2018: BETZ OPHTHALMOLOGY ASSOCIATES, PC CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets 2018-04-11 876,264
Acturial value of plan assets 2018-04-11 876,264
Funding target for retired participants and beneficiaries receiving payment 2018-04-11 0
Number of terminated vested participants 2018-04-11 4
Fundng target for terminated vested participants 2018-04-11 10,645
Active participant vested funding target 2018-04-11 856,815
Number of active participants 2018-04-11 14
Total funding liabilities for active participants 2018-04-11 856,815
Total participant count 2018-04-11 18
Total funding target for all participants 2018-04-11 867,460
Balance at beginning of prior year after applicable adjustments 2018-04-11 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-04-11 58,512
Carryover balanced portion elected for use to offset prior years funding requirement 2018-04-11 0
Prefunding balanced used to offset prior years funding requirement 2018-04-11 30,583
Amount remaining of carryover balance 2018-04-11 0
Amount remaining of prefunding balance 2018-04-11 27,929
Present value of excess contributions 2018-04-11 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-04-11 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-04-11 0
Reductions in caryover balances due to elections or deemed elections 2018-04-11 0
Reductions in prefunding balances due to elections or deemed elections 2018-04-11 0
Balance of carryovers at beginning of current year 2018-04-11 0
Balance of prefunding at beginning of current year 2018-04-11 29,965
Total employer contributions 2018-04-11 0
Total employee contributions 2018-04-11 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-04-11 0
Contributions made to avoid restrictions adjusted to valuation date 2018-04-11 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-04-11 0
Liquidity shortfalls end of Q1 2018-04-11 0
Liquidity shortfalls end of Q2 2018-04-11 0
Liquidity shortfalls end of Q3 2018-04-11 0
Liquidity shortfalls end of Q4 2018-04-11 0
Unpaid minimum required contributions for all prior years 2018-04-11 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-04-11 0
Remaining amount of unpaid minimum required contributions 2018-04-11 0
Minimum required contributions for current year target normal cost 2018-04-11 0
Net shortfall amortization installment of oustanding balance 2018-04-11 22,683
Waiver amortization installment 2018-04-11 0
Total funding amount beforereflecting carryover/prefunding balances 2018-04-11 5,350
Carryover balance elected to use to offset funding requirement 2018-04-11 0
Prefunding balance elected to use to offset funding requirement 2018-04-11 5,350
Additional cash requirement 2018-04-11 0
Contributions allocatedtoward minimum required contributions for current year 2018-04-11 0
Unpaid minimum required contributions for current year 2018-04-11 0
Unpaid minimum required contributions for all years 2018-04-11 0
2017: BETZ OPHTHALMOLOGY ASSOCIATES, PC CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets 2017-09-30 859,902
Acturial value of plan assets 2017-09-30 859,902
Funding target for retired participants and beneficiaries receiving payment 2017-09-30 0
Number of terminated vested participants 2017-09-30 3
Fundng target for terminated vested participants 2017-09-30 9,479
Active participant vested funding target 2017-09-30 793,246
Number of active participants 2017-09-30 14
Total funding liabilities for active participants 2017-09-30 791,569
Total participant count 2017-09-30 17
Total funding target for all participants 2017-09-30 801,048
Balance at beginning of prior year after applicable adjustments 2017-09-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-09-30 15,979
Carryover balanced portion elected for use to offset prior years funding requirement 2017-09-30 0
Prefunding balanced used to offset prior years funding requirement 2017-09-30 15,979
Amount remaining of carryover balance 2017-09-30 0
Amount remaining of prefunding balance 2017-09-30 0
Present value of excess contributions 2017-09-30 54,924
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-09-30 58,512
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-09-30 58,512
Reductions in caryover balances due to elections or deemed elections 2017-09-30 0
Reductions in prefunding balances due to elections or deemed elections 2017-09-30 0
Balance of carryovers at beginning of current year 2017-09-30 0
Balance of prefunding at beginning of current year 2017-09-30 58,512
Total employer contributions 2017-09-30 96,000
Total employee contributions 2017-09-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-09-30 0
Contributions made to avoid restrictions adjusted to valuation date 2017-09-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-09-30 90,885
Liquidity shortfalls end of Q1 2017-09-30 0
Liquidity shortfalls end of Q2 2017-09-30 0
Liquidity shortfalls end of Q3 2017-09-30 0
Liquidity shortfalls end of Q4 2017-09-30 0
Unpaid minimum required contributions for all prior years 2017-09-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-09-30 0
Remaining amount of unpaid minimum required contributions 2017-09-30 0
Minimum required contributions for current year target normal cost 2017-09-30 121,069
Net shortfall amortization installment of oustanding balance 2017-09-30 2,899
Waiver amortization installment 2017-09-30 0
Total funding amount beforereflecting carryover/prefunding balances 2017-09-30 123,167
Carryover balance elected to use to offset funding requirement 2017-09-30 0
Prefunding balance elected to use to offset funding requirement 2017-09-30 32,282
Additional cash requirement 2017-09-30 90,885
Contributions allocatedtoward minimum required contributions for current year 2017-09-30 90,885
Unpaid minimum required contributions for current year 2017-09-30 0
Unpaid minimum required contributions for all years 2017-09-30 0

Measure	Date	Value
2018: BETZ OPHTHALMOLOGY ASSOCIATES, PC CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets	2018-04-11	876,264
Acturial value of plan assets	2018-04-11	876,264
Funding target for retired participants and beneficiaries receiving payment	2018-04-11	0
Number of terminated vested participants	2018-04-11	4
Fundng target for terminated vested participants	2018-04-11	10,645
Active participant vested funding target	2018-04-11	856,815
Number of active participants	2018-04-11	14
Total funding liabilities for active participants	2018-04-11	856,815
Total participant count	2018-04-11	18
Total funding target for all participants	2018-04-11	867,460
Balance at beginning of prior year after applicable adjustments	2018-04-11	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-04-11	58,512
Carryover balanced portion elected for use to offset prior years funding requirement	2018-04-11	0
Prefunding balanced used to offset prior years funding requirement	2018-04-11	30,583
Amount remaining of carryover balance	2018-04-11	0
Amount remaining of prefunding balance	2018-04-11	27,929
Present value of excess contributions	2018-04-11	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-04-11	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-04-11	0
Reductions in caryover balances due to elections or deemed elections	2018-04-11	0
Reductions in prefunding balances due to elections or deemed elections	2018-04-11	0
Balance of carryovers at beginning of current year	2018-04-11	0
Balance of prefunding at beginning of current year	2018-04-11	29,965
Total employer contributions	2018-04-11	0
Total employee contributions	2018-04-11	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-04-11	0
Contributions made to avoid restrictions adjusted to valuation date	2018-04-11	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-04-11	0
Liquidity shortfalls end of Q1	2018-04-11	0
Liquidity shortfalls end of Q2	2018-04-11	0
Liquidity shortfalls end of Q3	2018-04-11	0
Liquidity shortfalls end of Q4	2018-04-11	0
Unpaid minimum required contributions for all prior years	2018-04-11	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-04-11	0
Remaining amount of unpaid minimum required contributions	2018-04-11	0
Minimum required contributions for current year target normal cost	2018-04-11	0
Net shortfall amortization installment of oustanding balance	2018-04-11	22,683
Waiver amortization installment	2018-04-11	0
Total funding amount beforereflecting carryover/prefunding balances	2018-04-11	5,350
Carryover balance elected to use to offset funding requirement	2018-04-11	0
Prefunding balance elected to use to offset funding requirement	2018-04-11	5,350
Additional cash requirement	2018-04-11	0
Contributions allocatedtoward minimum required contributions for current year	2018-04-11	0
Unpaid minimum required contributions for current year	2018-04-11	0
Unpaid minimum required contributions for all years	2018-04-11	0
2017: BETZ OPHTHALMOLOGY ASSOCIATES, PC CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets	2017-09-30	859,902
Acturial value of plan assets	2017-09-30	859,902
Funding target for retired participants and beneficiaries receiving payment	2017-09-30	0
Number of terminated vested participants	2017-09-30	3
Fundng target for terminated vested participants	2017-09-30	9,479
Active participant vested funding target	2017-09-30	793,246
Number of active participants	2017-09-30	14
Total funding liabilities for active participants	2017-09-30	791,569
Total participant count	2017-09-30	17
Total funding target for all participants	2017-09-30	801,048
Balance at beginning of prior year after applicable adjustments	2017-09-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-09-30	15,979
Carryover balanced portion elected for use to offset prior years funding requirement	2017-09-30	0
Prefunding balanced used to offset prior years funding requirement	2017-09-30	15,979
Amount remaining of carryover balance	2017-09-30	0
Amount remaining of prefunding balance	2017-09-30	0
Present value of excess contributions	2017-09-30	54,924
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-09-30	58,512
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-09-30	58,512
Reductions in caryover balances due to elections or deemed elections	2017-09-30	0
Reductions in prefunding balances due to elections or deemed elections	2017-09-30	0
Balance of carryovers at beginning of current year	2017-09-30	0
Balance of prefunding at beginning of current year	2017-09-30	58,512
Total employer contributions	2017-09-30	96,000
Total employee contributions	2017-09-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-09-30	0
Contributions made to avoid restrictions adjusted to valuation date	2017-09-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-09-30	90,885
Liquidity shortfalls end of Q1	2017-09-30	0
Liquidity shortfalls end of Q2	2017-09-30	0
Liquidity shortfalls end of Q3	2017-09-30	0
Liquidity shortfalls end of Q4	2017-09-30	0
Unpaid minimum required contributions for all prior years	2017-09-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-09-30	0
Remaining amount of unpaid minimum required contributions	2017-09-30	0
Minimum required contributions for current year target normal cost	2017-09-30	121,069
Net shortfall amortization installment of oustanding balance	2017-09-30	2,899
Waiver amortization installment	2017-09-30	0
Total funding amount beforereflecting carryover/prefunding balances	2017-09-30	123,167
Carryover balance elected to use to offset funding requirement	2017-09-30	0
Prefunding balance elected to use to offset funding requirement	2017-09-30	32,282
Additional cash requirement	2017-09-30	90,885
Contributions allocatedtoward minimum required contributions for current year	2017-09-30	90,885
Unpaid minimum required contributions for current year	2017-09-30	0
Unpaid minimum required contributions for all years	2017-09-30	0

Form 5500 Responses for BETZ OPHTHALMOLOGY ASSOCIATES, PC CASH BALANCE PENSION PLAN

2008: BETZ OPHTHALMOLOGY ASSOCIATES, PC CASH BALANCE PENSION PLAN 2008 form 5500 responses
2008-10-01	Type of plan entity	Single employer plan
2008-10-01	First time form 5500 has been submitted	Yes
2008-10-01	Submission has been amended	No
2008-10-01	This submission is the final filing	No
2008-10-01	This return/report is a short plan year return/report (less than 12 months)	No
2008-10-01	Plan is a collectively bargained plan	No

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Company Name:	BETZ OPHTHALMOLOGY ASSOCIATES, PC
Employer identification number (EIN):	232076715
NAIC Classification:	621320
NAIC Description:	Offices of Optometrists