401k Plan data: PARAMUS MEDICAL IMAGING LLC PENSION PLAN plan

PARAMUS MEDICAL IMAGING LLC PENSION PLAN 401k Plan overview

Plan Name	PARAMUS MEDICAL IMAGING LLC PENSION PLAN
Plan identification number	002

PARAMUS MEDICAL IMAGING LLC 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).
Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

PARAMUS MEDICAL IMAGING, LLC has sponsored the creation of one or more 401k plans.

Company Name: PARAMUS MEDICAL IMAGING, LLC

Employer identification number (EIN): 743243536

NAIC Classification: 621498
NAIC Description: All Other Outpatient Care Centers

Additional information about PARAMUS MEDICAL IMAGING, LLC

Jurisdiction of Incorporation: New Jersey Division of Revenue and Enterprise Services

Incorporation Date:

Company Identification Number: 0600314484

More information about PARAMUS MEDICAL IMAGING, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PARAMUS MEDICAL IMAGING LLC PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2018-01-01 STEVE BUONTEMPO 2019-10-07
002 2017-01-01 STEVE BUONTEMPO 2018-10-11
002 2016-01-01 STEVE BUONTEMPO 2017-10-11
002 2015-01-01 STEVE BUONTEMPO 2016-10-12
002 2014-01-01 STEVE BUONTEMPO 2015-10-13
002 2013-01-01 STEVE BUONTEMPO 2015-11-13
002 2012-01-01 STEVE BUONTEMPO 2013-10-09

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2018-01-01	STEVE BUONTEMPO	2019-10-07
002	2017-01-01	STEVE BUONTEMPO	2018-10-11
002	2016-01-01	STEVE BUONTEMPO	2017-10-11
002	2015-01-01	STEVE BUONTEMPO	2016-10-12
002	2014-01-01	STEVE BUONTEMPO	2015-10-13
002	2013-01-01	STEVE BUONTEMPO	2015-11-13
002	2012-01-01	STEVE BUONTEMPO	2013-10-09

Plan Statistics for PARAMUS MEDICAL IMAGING LLC PENSION PLAN

401k plan membership statisitcs for PARAMUS MEDICAL IMAGING LLC PENSION PLAN

Measure Date Value
2018: PARAMUS MEDICAL IMAGING LLC PENSION PLAN 2018 401k membership
Market value of plan assets 2018-12-31 1,035,759
Acturial value of plan assets 2018-12-31 1,035,759
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 0
Fundng target for terminated vested participants 2018-12-31 0
Active participant vested funding target 2018-12-31 0
Number of active participants 2018-12-31 1
Total funding liabilities for active participants 2018-12-31 751,868
Total participant count 2018-12-31 1
Total funding target for all participants 2018-12-31 751,868
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 295,353
Prefunding balanced used to offset prior years funding requirement 2018-12-31 54,607
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 240,746
Present value of excess contributions 2018-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 280,614
Total employer contributions 2018-12-31 200,000
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 186,850
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 118,254
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 114,977
Additional cash requirement 2018-12-31 114,977
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 186,850
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: PARAMUS MEDICAL IMAGING LLC PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 892,531
Acturial value of plan assets 2017-12-31 892,531
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 0
Fundng target for terminated vested participants 2017-12-31 0
Active participant vested funding target 2017-12-31 597,132
Number of active participants 2017-12-31 1
Total funding liabilities for active participants 2017-12-31 597,132
Total participant count 2017-12-31 1
Total funding target for all participants 2017-12-31 597,132
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 237,979
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 237,979
Present value of excess contributions 2017-12-31 80,766
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 85,539
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 85,539
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 43,300
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 295,353
Total employer contributions 2017-12-31 61,282
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 57,159
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 111,812
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 111,766
Prefunding balance elected to use to offset funding requirement 2017-12-31 54,607
Additional cash requirement 2017-12-31 57,159
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 57,159
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: PARAMUS MEDICAL IMAGING LLC PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 688,610
Acturial value of plan assets 2016-12-31 688,610
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 0
Fundng target for terminated vested participants 2016-12-31 0
Active participant vested funding target 2016-12-31 450,612
Number of active participants 2016-12-31 13
Total funding liabilities for active participants 2016-12-31 450,612
Total participant count 2016-12-31 13
Total funding target for all participants 2016-12-31 450,612
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 145,737
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 145,737
Present value of excess contributions 2016-12-31 164,918
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 174,994
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 174,994
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 73,600
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 237,979
Total employer contributions 2016-12-31 200,000
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 185,871
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 105,124
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 105,105
Additional cash requirement 2016-12-31 105,105
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 185,871
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2018: PARAMUS MEDICAL IMAGING LLC PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	1,035,759
Acturial value of plan assets	2018-12-31	1,035,759
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	0
Fundng target for terminated vested participants	2018-12-31	0
Active participant vested funding target	2018-12-31	0
Number of active participants	2018-12-31	1
Total funding liabilities for active participants	2018-12-31	751,868
Total participant count	2018-12-31	1
Total funding target for all participants	2018-12-31	751,868
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	295,353
Prefunding balanced used to offset prior years funding requirement	2018-12-31	54,607
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	240,746
Present value of excess contributions	2018-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	280,614
Total employer contributions	2018-12-31	200,000
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	186,850
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	118,254
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	114,977
Additional cash requirement	2018-12-31	114,977
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	186,850
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: PARAMUS MEDICAL IMAGING LLC PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	892,531
Acturial value of plan assets	2017-12-31	892,531
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	0
Fundng target for terminated vested participants	2017-12-31	0
Active participant vested funding target	2017-12-31	597,132
Number of active participants	2017-12-31	1
Total funding liabilities for active participants	2017-12-31	597,132
Total participant count	2017-12-31	1
Total funding target for all participants	2017-12-31	597,132
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	237,979
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	237,979
Present value of excess contributions	2017-12-31	80,766
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	85,539
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	85,539
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	43,300
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	295,353
Total employer contributions	2017-12-31	61,282
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	57,159
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	111,812
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	111,766
Prefunding balance elected to use to offset funding requirement	2017-12-31	54,607
Additional cash requirement	2017-12-31	57,159
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	57,159
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: PARAMUS MEDICAL IMAGING LLC PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	688,610
Acturial value of plan assets	2016-12-31	688,610
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	0
Fundng target for terminated vested participants	2016-12-31	0
Active participant vested funding target	2016-12-31	450,612
Number of active participants	2016-12-31	13
Total funding liabilities for active participants	2016-12-31	450,612
Total participant count	2016-12-31	13
Total funding target for all participants	2016-12-31	450,612
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	145,737
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	145,737
Present value of excess contributions	2016-12-31	164,918
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	174,994
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	174,994
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	73,600
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	237,979
Total employer contributions	2016-12-31	200,000
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	185,871
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	105,124
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	105,105
Additional cash requirement	2016-12-31	105,105
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	185,871
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	PARAMUS MEDICAL IMAGING, LLC
Employer identification number (EIN):	743243536
NAIC Classification:	621498
NAIC Description:	All Other Outpatient Care Centers

Jurisdiction of Incorporation:	New Jersey Division of Revenue and Enterprise Services
Incorporation Date:
Company Identification Number:	0600314484