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KBSMDPC DEFINED BENEFIT PLAN 401k Plan overview

Plan NameKBSMDPC DEFINED BENEFIT PLAN
Plan identification number 003

KBSMDPC DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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).
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing

401k Sponsoring company profile

KENNETH B. SKOLNICK has sponsored the creation of one or more 401k plans.

Company Name:KENNETH B. SKOLNICK
Employer identification number (EIN):251403143
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KBSMDPC DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032017-10-01KENNETH B. SKOLNICK M.D.2019-06-10
0032016-10-01
0032016-09-01KENNETH SKOLNICK2018-06-15 KENNETH SKOLNICK2018-06-15
0032015-10-01
0032015-09-01KENNETH SKOLNICK2017-06-12 KENNETH SKOLNICK2017-06-12
0032014-10-01
0032014-09-01KENNETH SKOLNICK2016-06-15 KENNETH SKOLNICK2016-06-15
0032014-09-01KENNETH SKOLNICK2016-06-12 KENNETH SKOLNICK2016-06-12
0032013-10-01
0032013-09-01KENNETH SKOLNICK2015-06-14 KENNETH SKOLNICK2015-06-14
0032012-10-01KENNETH B. SKOLNICK M D
0032012-09-01KENNETH SKOLNICK2014-06-11 KENNETH SKOLNICK2014-06-11
0032011-10-01KENNETH B. SKOLNICK M.D.
0032011-09-01KENNETH SKOLNICK2013-06-11 KENNETH SKOLNICK2013-06-11
0032010-10-01KENNETH B. SKOLNICK M.D.
0032010-09-01KENNETH SKOLNICK2012-06-11 KENNETH SKOLNICK2012-06-11
0032009-10-01KENNETH B. SKOLNICK M.D.

Plan Statistics for KBSMDPC DEFINED BENEFIT PLAN

401k plan membership statisitcs for KBSMDPC DEFINED BENEFIT PLAN

Measure Date Value
2017: KBSMDPC DEFINED BENEFIT PLAN 2017 401k membership
Total participants, beginning-of-year2017-10-013
Total number of active participants reported on line 7a of the Form 55002017-10-010
Total of all active and inactive participants2017-10-010
Total participants2017-10-010
Number of participants with account balances2017-10-010
Market value of plan assets2017-08-312,005,378
Acturial value of plan assets2017-08-312,005,378
Funding target for retired participants and beneficiaries receiving payment2017-08-310
Number of terminated vested participants2017-08-312
Fundng target for terminated vested participants2017-08-3122,501
Active participant vested funding target2017-08-311,792,046
Number of active participants2017-08-313
Total funding liabilities for active participants2017-08-311,792,046
Total participant count2017-08-315
Total funding target for all participants2017-08-311,814,547
Balance at beginning of prior year after applicable adjustments2017-08-310
Prefunding balance at beginning of prior year after applicable adjustments2017-08-3156,363
Carryover balanced portion elected for use to offset prior years funding requirement2017-08-310
Prefunding balanced used to offset prior years funding requirement2017-08-310
Amount remaining of carryover balance2017-08-310
Amount remaining of prefunding balance2017-08-3156,363
Present value of excess contributions2017-08-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-08-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-08-310
Reductions in caryover balances due to elections or deemed elections2017-08-310
Reductions in prefunding balances due to elections or deemed elections2017-08-310
Balance of carryovers at beginning of current year2017-08-310
Balance of prefunding at beginning of current year2017-08-3154,965
Total employer contributions2017-08-310
Total employee contributions2017-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-08-310
Contributions made to avoid restrictions adjusted to valuation date2017-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-08-310
Unpaid minimum required contributions for all prior years2017-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-08-310
Remaining amount of unpaid minimum required contributions2017-08-310
Minimum required contributions for current year target normal cost2017-08-310
Net shortfall amortization installment of oustanding balance2017-08-310
Waiver amortization installment2017-08-310
Waived amount of outstanding balance2017-08-310
Total funding amount beforereflecting carryover/prefunding balances2017-08-310
Carryover balance elected to use to offset funding requirement2017-08-310
Prefunding balance elected to use to offset funding requirement2017-08-310
Additional cash requirement2017-08-310
Contributions allocatedtoward minimum required contributions for current year2017-08-310
Unpaid minimum required contributions for current year2017-08-310
Unpaid minimum required contributions for all years2017-08-310
2016: KBSMDPC DEFINED BENEFIT PLAN 2016 401k membership
Total participants, beginning-of-year2016-10-013
Total number of active participants reported on line 7a of the Form 55002016-10-013
Total of all active and inactive participants2016-10-013
Total participants2016-10-013
Number of participants with account balances2016-10-013
2015: KBSMDPC DEFINED BENEFIT PLAN 2015 401k membership
Total participants, beginning-of-year2015-10-013
Total number of active participants reported on line 7a of the Form 55002015-10-013
Total of all active and inactive participants2015-10-013
Total participants2015-10-013
Number of participants with account balances2015-10-013
2014: KBSMDPC DEFINED BENEFIT PLAN 2014 401k membership
Total participants, beginning-of-year2014-10-013
Total number of active participants reported on line 7a of the Form 55002014-10-013
Total of all active and inactive participants2014-10-013
Total participants2014-10-013
Number of participants with account balances2014-10-013
2013: KBSMDPC DEFINED BENEFIT PLAN 2013 401k membership
Total participants, beginning-of-year2013-10-013
Total number of active participants reported on line 7a of the Form 55002013-10-013
Total of all active and inactive participants2013-10-013
Total participants2013-10-013
Number of participants with account balances2013-10-013
2012: KBSMDPC DEFINED BENEFIT PLAN 2012 401k membership
Total participants, beginning-of-year2012-10-013
Total number of active participants reported on line 7a of the Form 55002012-10-013
Number of retired or separated participants receiving benefits2012-10-010
Number of other retired or separated participants entitled to future benefits2012-10-010
Total of all active and inactive participants2012-10-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-10-010
Total participants2012-10-013
Number of participants with account balances2012-10-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-10-010
2011: KBSMDPC DEFINED BENEFIT PLAN 2011 401k membership
Total participants, beginning-of-year2011-10-013
Total number of active participants reported on line 7a of the Form 55002011-10-013
Number of retired or separated participants receiving benefits2011-10-010
Number of other retired or separated participants entitled to future benefits2011-10-010
Total of all active and inactive participants2011-10-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-10-010
Total participants2011-10-013
Number of participants with account balances2011-10-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-10-010
2010: KBSMDPC DEFINED BENEFIT PLAN 2010 401k membership
Total participants, beginning-of-year2010-10-014
Total number of active participants reported on line 7a of the Form 55002010-10-013
Number of retired or separated participants receiving benefits2010-10-010
Number of other retired or separated participants entitled to future benefits2010-10-010
Total of all active and inactive participants2010-10-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-10-010
Total participants2010-10-013
Number of participants with account balances2010-10-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-10-010
2009: KBSMDPC DEFINED BENEFIT PLAN 2009 401k membership
Total participants, beginning-of-year2009-10-014
Total number of active participants reported on line 7a of the Form 55002009-10-014
Number of retired or separated participants receiving benefits2009-10-010
Number of other retired or separated participants entitled to future benefits2009-10-010
Total of all active and inactive participants2009-10-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-10-010
Total participants2009-10-014
Number of participants with account balances2009-10-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-10-010

Financial Data on KBSMDPC DEFINED BENEFIT PLAN

Measure Date Value
2017 : KBSMDPC DEFINED BENEFIT PLAN 2017 401k financial data
Total plan liabilities at beginning of year2017-09-30$0
Total income from all sources2017-09-30$4,487
Total plan assets at end of year2017-09-30$263,314
Total plan assets at beginning of year2017-09-30$258,827
Value of fidelity bond covering the plan2017-09-30$20,000
Other income received2017-09-30$4,487
Net income (gross income less expenses)2017-09-30$4,487
Net plan assets at end of year (total assets less liabilities)2017-09-30$263,314
Net plan assets at beginning of year (total assets less liabilities)2017-09-30$258,827
2016 : KBSMDPC DEFINED BENEFIT PLAN 2016 401k financial data
Total plan liabilities at beginning of year2016-09-30$0
Total income from all sources2016-09-30$14,577
Total plan assets at end of year2016-09-30$258,827
Total plan assets at beginning of year2016-09-30$244,250
Value of fidelity bond covering the plan2016-09-30$20,000
Other income received2016-09-30$14,577
Net income (gross income less expenses)2016-09-30$14,577
Net plan assets at end of year (total assets less liabilities)2016-09-30$258,827
Net plan assets at beginning of year (total assets less liabilities)2016-09-30$244,250
2015 : KBSMDPC DEFINED BENEFIT PLAN 2015 401k financial data
Total plan liabilities at beginning of year2015-09-30$0
Total income from all sources2015-09-30$28,013
Total plan assets at end of year2015-09-30$244,250
Total plan assets at beginning of year2015-09-30$216,237
Value of fidelity bond covering the plan2015-09-30$20,000
Other income received2015-09-30$28,013
Net income (gross income less expenses)2015-09-30$28,013
Net plan assets at end of year (total assets less liabilities)2015-09-30$244,250
Net plan assets at beginning of year (total assets less liabilities)2015-09-30$216,237
2014 : KBSMDPC DEFINED BENEFIT PLAN 2014 401k financial data
Total plan liabilities at beginning of year2014-09-30$0
Total income from all sources2014-09-30$26,094
Total plan assets at end of year2014-09-30$216,237
Total plan assets at beginning of year2014-09-30$190,143
Value of fidelity bond covering the plan2014-09-30$20,000
Other income received2014-09-30$26,094
Net income (gross income less expenses)2014-09-30$26,094
Net plan assets at end of year (total assets less liabilities)2014-09-30$216,237
Net plan assets at beginning of year (total assets less liabilities)2014-09-30$190,143
2013 : KBSMDPC DEFINED BENEFIT PLAN 2013 401k financial data
Total plan liabilities at beginning of year2013-09-30$0
Total income from all sources2013-09-30$26,699
Total plan assets at end of year2013-09-30$190,143
Total plan assets at beginning of year2013-09-30$163,444
Value of fidelity bond covering the plan2013-09-30$20,000
Other income received2013-09-30$26,699
Net income (gross income less expenses)2013-09-30$26,699
Net plan assets at end of year (total assets less liabilities)2013-09-30$190,143
Net plan assets at beginning of year (total assets less liabilities)2013-09-30$163,444
2012 : KBSMDPC DEFINED BENEFIT PLAN 2012 401k financial data
Total plan liabilities at beginning of year2012-09-30$0
Total income from all sources2012-09-30$29,188
Total plan assets at end of year2012-09-30$163,444
Total plan assets at beginning of year2012-09-30$134,256
Value of fidelity bond covering the plan2012-09-30$20,000
Other income received2012-09-30$29,188
Net income (gross income less expenses)2012-09-30$29,188
Net plan assets at end of year (total assets less liabilities)2012-09-30$163,444
Net plan assets at beginning of year (total assets less liabilities)2012-09-30$134,256
2011 : KBSMDPC DEFINED BENEFIT PLAN 2011 401k financial data
Total plan liabilities at beginning of year2011-09-30$0
Total income from all sources2011-09-30$-23,288
Expenses. Total of all expenses incurred2011-09-30$24,353
Benefits paid (including direct rollovers)2011-09-30$24,353
Total plan assets at end of year2011-09-30$134,256
Total plan assets at beginning of year2011-09-30$181,897
Value of fidelity bond covering the plan2011-09-30$20,000
Other income received2011-09-30$-23,288
Net income (gross income less expenses)2011-09-30$-47,641
Net plan assets at end of year (total assets less liabilities)2011-09-30$134,256
Net plan assets at beginning of year (total assets less liabilities)2011-09-30$181,897
2010 : KBSMDPC DEFINED BENEFIT PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-09-30$0

Form 5500 Responses for KBSMDPC DEFINED BENEFIT PLAN

2017: KBSMDPC DEFINED BENEFIT PLAN 2017 form 5500 responses
2017-10-01Type of plan entitySingle employer plan
2017-10-01This submission is the final filingYes
2017-10-01Plan funding arrangement – TrustYes
2017-10-01Plan benefit arrangement - TrustYes
2016: KBSMDPC DEFINED BENEFIT PLAN 2016 form 5500 responses
2016-10-01Type of plan entitySingle employer plan
2016-10-01Plan funding arrangement – TrustYes
2016-10-01Plan benefit arrangement - TrustYes
2015: KBSMDPC DEFINED BENEFIT PLAN 2015 form 5500 responses
2015-10-01Type of plan entitySingle employer plan
2015-10-01Plan funding arrangement – TrustYes
2015-10-01Plan benefit arrangement - TrustYes
2014: KBSMDPC DEFINED BENEFIT PLAN 2014 form 5500 responses
2014-10-01Type of plan entitySingle employer plan
2014-10-01Plan funding arrangement – TrustYes
2014-10-01Plan benefit arrangement - TrustYes
2013: KBSMDPC DEFINED BENEFIT PLAN 2013 form 5500 responses
2013-10-01Type of plan entitySingle employer plan
2013-10-01Plan funding arrangement – TrustYes
2013-10-01Plan benefit arrangement - TrustYes
2012: KBSMDPC DEFINED BENEFIT PLAN 2012 form 5500 responses
2012-10-01Type of plan entitySingle employer plan
2012-10-01Plan funding arrangement – TrustYes
2012-10-01Plan benefit arrangement - TrustYes
2011: KBSMDPC DEFINED BENEFIT PLAN 2011 form 5500 responses
2011-10-01Type of plan entitySingle employer plan
2011-10-01Plan funding arrangement – TrustYes
2011-10-01Plan benefit arrangement - TrustYes
2010: KBSMDPC DEFINED BENEFIT PLAN 2010 form 5500 responses
2010-10-01Type of plan entitySingle employer plan
2010-10-01Plan funding arrangement – TrustYes
2010-10-01Plan benefit arrangement - TrustYes
2009: KBSMDPC DEFINED BENEFIT PLAN 2009 form 5500 responses
2009-10-01Type of plan entitySingle employer plan
2009-10-01Submission has been amendedNo
2009-10-01This submission is the final filingNo
2009-10-01This return/report is a short plan year return/report (less than 12 months)No
2009-10-01Plan is a collectively bargained planNo
2009-10-01Plan funding arrangement – TrustYes
2009-10-01Plan benefit arrangement - TrustYes

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