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MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 401k Plan overview

Plan NameMIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST
Plan identification number 004

MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 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).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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).

401k Sponsoring company profile

MIDWEST DIAGNOSTIC PATHOLOGY, S.C. has sponsored the creation of one or more 401k plans.

Company Name:MIDWEST DIAGNOSTIC PATHOLOGY, S.C.
Employer identification number (EIN):364386543
NAIC Classification:621510
NAIC Description: Medical and Diagnostic Laboratories

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042021-01-01OLIVER KIM2021-07-13
0042020-01-01OLIVER KIM2021-07-13
0042019-01-01OLIVER KIM2020-06-01
0042018-01-01OLIVER KIM2019-10-04 OLIVER KIM2019-10-04
0042017-01-01
0042016-01-01
0042015-01-01
0042014-01-01
0042013-01-01
0042012-01-01RONAL SIROTA MICHAEL WELDON-LINNE2013-10-15
0042011-01-01RONAL SIROTA MICHAEL WELDON-LINNE2012-10-12
0042010-01-01RONALD SIROTA MD MICHAEL WELDON-LINNE MD2011-10-17
0042009-01-01RONALD SIROTA MD MICHAEL WELDON-LINNE MD2010-11-22
0042009-01-01RONALD SIROTA MD MICHAEL WELDON-LINNE MD2010-09-29

Plan Statistics for MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST

401k plan membership statisitcs for MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST

Measure Date Value
2020: MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2020 401k membership
Market value of plan assets2020-12-3129,852,266
Acturial value of plan assets2020-12-3129,852,266
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-313,488,926
Active participant vested funding target2020-12-3118,326,956
Number of active participants2020-12-3126
Total funding liabilities for active participants2020-12-3118,326,956
Total participant count2020-12-3128
Total funding target for all participants2020-12-3121,815,882
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-312,000,000
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 balance2020-12-312,000,000
Present value of excess contributions2020-12-312,747,160
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-312,897,704
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-312,897,704
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-315,117,704
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 cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
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: MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2019 401k membership
Market value of plan assets2019-12-3126,687,613
Acturial value of plan assets2019-12-3126,687,613
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-312
Fundng target for terminated vested participants2019-12-313,637,940
Active participant vested funding target2019-12-3117,164,852
Number of active participants2019-12-3127
Total funding liabilities for active participants2019-12-3117,164,852
Total participant count2019-12-3129
Total funding target for all participants2019-12-3120,802,792
Balance at beginning of prior year after applicable adjustments2019-12-311,189,418
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3112,498,675
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 balance2019-12-311,189,418
Amount remaining of prefunding balance2019-12-3112,498,675
Present value of excess contributions2019-12-31646,950
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31683,503
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-31683,503
Reductions in caryover balances due to elections or deemed elections2019-12-311,175,264
Reductions in prefunding balances due to elections or deemed elections2019-12-3111,033,444
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-312,000,000
Total employer contributions2019-12-312,877,000
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 date2019-12-312,747,160
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 cost2019-12-311,983,630
Net shortfall amortization installment of oustanding balance2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-312,747,160
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2018 401k membership
Market value of plan assets2018-12-3126,746,195
Acturial value of plan assets2018-12-3126,746,195
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-312,061,537
Active participant vested funding target2018-12-3117,581,793
Number of active participants2018-12-3124
Total funding liabilities for active participants2018-12-3117,581,793
Total participant count2018-12-3125
Total funding target for all participants2018-12-3119,643,330
Balance at beginning of prior year after applicable adjustments2018-12-311,114,731
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3110,926,186
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 balance2018-12-311,114,731
Amount remaining of prefunding balance2018-12-3110,926,186
Present value of excess contributions2018-12-31794,287
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31840,435
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31840,435
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 year2018-12-311,189,418
Balance of prefunding at beginning of current year2018-12-3112,498,675
Total employer contributions2018-12-312,656,000
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 date2018-12-312,484,084
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 cost2018-12-311,837,134
Net shortfall amortization installment of oustanding balance2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-311,837,134
Additional cash requirement2018-12-311,837,134
Contributions allocatedtoward minimum required contributions for current year2018-12-312,484,084
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2017 401k membership
Market value of plan assets2017-12-3126,682,550
Acturial value of plan assets2017-12-3126,682,550
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-312,272,078
Active participant vested funding target2017-12-3115,971,308
Number of active participants2017-12-3125
Total funding liabilities for active participants2017-12-3115,971,308
Total participant count2017-12-3127
Total funding target for all participants2017-12-3118,243,386
Balance at beginning of prior year after applicable adjustments2017-12-311,040,832
Prefunding balance at beginning of prior year after applicable adjustments2017-12-319,070,405
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 balance2017-12-311,040,832
Amount remaining of prefunding balance2017-12-319,070,405
Present value of excess contributions2017-12-311,143,298
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-311,211,782
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-311,211,782
Balance of carryovers at beginning of current year2017-12-311,114,731
Balance of prefunding at beginning of current year2017-12-3110,926,186
Total employer contributions2017-12-312,796,000
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 date2017-12-312,659,755
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 cost2017-12-311,865,468
Net shortfall amortization installment of oustanding balance2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-311,865,468
Additional cash requirement2017-12-311,865,468
Contributions allocatedtoward minimum required contributions for current year2017-12-312,659,755
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2016 401k membership
Market value of plan assets2016-12-3122,199,409
Acturial value of plan assets2016-12-3122,199,409
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-3113,818,471
Number of active participants2016-12-3126
Total funding liabilities for active participants2016-12-3113,871,018
Total participant count2016-12-3126
Total funding target for all participants2016-12-3113,871,018
Balance at beginning of prior year after applicable adjustments2016-12-311,052,728
Prefunding balance at beginning of prior year after applicable adjustments2016-12-317,886,396
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 balance2016-12-311,052,728
Amount remaining of prefunding balance2016-12-317,886,396
Present value of excess contributions2016-12-311,198,912
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-311,273,125
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-311,273,125
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 year2016-12-311,040,832
Balance of prefunding at beginning of current year2016-12-319,070,405
Total employer contributions2016-12-312,808,000
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 date2016-12-312,659,790
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
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 cost2016-12-311,516,492
Net shortfall amortization installment of oustanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-311,516,492
Additional cash requirement2016-12-311,516,492
Contributions allocatedtoward minimum required contributions for current year2016-12-312,659,790
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
2012: MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-0120
Total number of active participants reported on line 7a of the Form 55002012-01-0120
Total of all active and inactive participants2012-01-0120
Total participants2012-01-0120
2011: MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-0118
Total number of active participants reported on line 7a of the Form 55002011-01-0118
Number of retired or separated participants receiving benefits2011-01-012
Total of all active and inactive participants2011-01-0120
Total participants2011-01-0120
2010: MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-0118
Total number of active participants reported on line 7a of the Form 55002010-01-0118
Total of all active and inactive participants2010-01-0118
Total participants2010-01-0118
2009: MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0116
Total number of active participants reported on line 7a of the Form 55002009-01-0114
Number of retired or separated participants receiving benefits2009-01-012
Total of all active and inactive participants2009-01-0116
Total participants2009-01-0116

Financial Data on MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST

Measure Date Value
2012 : MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2012 401k financial data
Total income from all sources2012-12-31$3,801,584
Expenses. Total of all expenses incurred2012-12-31$76,872
Total plan assets at end of year2012-12-31$16,270,073
Total plan assets at beginning of year2012-12-31$12,545,361
Expenses. Other expenses not covered elsewhere2012-12-31$76,872
Other income received2012-12-31$970,580
Net income (gross income less expenses)2012-12-31$3,724,712
Net plan assets at end of year (total assets less liabilities)2012-12-31$16,270,073
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$12,545,361
Total contributions received or receivable from employer(s)2012-12-31$2,831,004
2011 : MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2011 401k financial data
Total income from all sources2011-12-31$3,394,790
Expenses. Total of all expenses incurred2011-12-31$1,824,031
Benefits paid (including direct rollovers)2011-12-31$1,789,051
Total plan assets at end of year2011-12-31$12,545,361
Total plan assets at beginning of year2011-12-31$10,974,602
Value of fidelity bond covering the plan2011-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2011-12-31$34,980
Other income received2011-12-31$709,343
Net income (gross income less expenses)2011-12-31$1,570,759
Net plan assets at end of year (total assets less liabilities)2011-12-31$12,545,361
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$10,974,602
Total contributions received or receivable from employer(s)2011-12-31$2,685,447
2010 : MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2010 401k financial data
Total income from all sources2010-12-31$2,968,258
Expenses. Total of all expenses incurred2010-12-31$35,931
Total plan assets at end of year2010-12-31$10,974,602
Total plan assets at beginning of year2010-12-31$8,042,275
Value of fidelity bond covering the plan2010-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2010-12-31$35,931
Other income received2010-12-31$757,575
Net income (gross income less expenses)2010-12-31$2,932,327
Net plan assets at end of year (total assets less liabilities)2010-12-31$10,974,602
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$8,042,275
Total contributions received or receivable from employer(s)2010-12-31$2,210,683

Form 5500 Responses for MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST

2012: MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: MIDWEST DIAGNOSTIC PATHOLOGY, S.C. CASH BALANCE PENSION PLAN & TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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