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PLANO PEDIATRICS CASH BALANCE PLAN 401k Plan overview

Plan NamePLANO PEDIATRICS CASH BALANCE PLAN
Plan identification number 002

PLANO PEDIATRICS 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

PLANO PEDIATRICS PA has sponsored the creation of one or more 401k plans.

Company Name:PLANO PEDIATRICS PA
Employer identification number (EIN):752277875
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PLANO PEDIATRICS CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022018-01-01
0022017-01-01
0022017-01-01

Plan Statistics for PLANO PEDIATRICS CASH BALANCE PLAN

401k plan membership statisitcs for PLANO PEDIATRICS CASH BALANCE PLAN

Measure Date Value
2020: PLANO PEDIATRICS CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-31450,295
Acturial value of plan assets2020-12-31450,295
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-31404,048
Number of active participants2020-12-319
Total funding liabilities for active participants2020-12-31404,048
Total participant count2020-12-319
Total funding target for all participants2020-12-31404,048
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 contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
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
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
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 year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Market value of plan assets2020-03-23450,295
Acturial value of plan assets2020-03-23450,295
Funding target for retired participants and beneficiaries receiving payment2020-03-230
Number of terminated vested participants2020-03-230
Fundng target for terminated vested participants2020-03-230
Active participant vested funding target2020-03-23404,048
Number of active participants2020-03-239
Total funding liabilities for active participants2020-03-23404,048
Total participant count2020-03-239
Total funding target for all participants2020-03-23404,048
Balance at beginning of prior year after applicable adjustments2020-03-230
Prefunding balance at beginning of prior year after applicable adjustments2020-03-230
Carryover balanced portion elected for use to offset prior years funding requirement2020-03-230
Prefunding balanced used to offset prior years funding requirement2020-03-230
Amount remaining of carryover balance2020-03-230
Amount remaining of prefunding balance2020-03-230
Present value of excess contributions2020-03-230
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-03-230
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-03-230
Reductions in caryover balances due to elections or deemed elections2020-03-230
Reductions in prefunding balances due to elections or deemed elections2020-03-230
Balance of carryovers at beginning of current year2020-03-230
Balance of prefunding at beginning of current year2020-03-230
Contributions allocated toward unpaid minimum require contributions from prior years2020-03-230
Contributions made to avoid restrictions adjusted to valuation date2020-03-230
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-03-230
Unpaid minimum required contributions for all prior years2020-03-230
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-03-230
Remaining amount of unpaid minimum required contributions2020-03-230
Minimum required contributions for current year target normal cost2020-03-230
Net shortfall amortization installment of oustanding balance2020-03-230
Waiver amortization installment2020-03-230
Total funding amount beforereflecting carryover/prefunding balances2020-03-230
Carryover balance elected to use to offset funding requirement2020-03-230
Prefunding balance elected to use to offset funding requirement2020-03-230
Additional cash requirement2020-03-230
Contributions allocatedtoward minimum required contributions for current year2020-03-230
Unpaid minimum required contributions for current year2020-03-230
Unpaid minimum required contributions for all years2020-03-230
2019: PLANO PEDIATRICS CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31335,313
Acturial value of plan assets2019-12-31335,313
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-31282,788
Number of active participants2019-12-3115
Total funding liabilities for active participants2019-12-31282,788
Total participant count2019-12-3115
Total funding target for all participants2019-12-31282,788
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 contributions2019-12-3112,302
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3112,302
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 contributions2019-12-31114,982
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 date2019-12-31112,161
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
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 cost2019-12-31133,424
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3180,899
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-3180,899
Contributions allocatedtoward minimum required contributions for current year2019-12-31112,161
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: PLANO PEDIATRICS CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31130,077
Acturial value of plan assets2018-12-31130,077
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-310
Number of active participants2018-12-3116
Total funding liabilities for active participants2018-12-31135,949
Total participant count2018-12-3116
Total funding target for all participants2018-12-31135,949
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 contributions2018-12-3116,700
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3116,700
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 contributions2018-12-310
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 date2018-12-310
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 cost2018-12-31130,720
Net shortfall amortization installment of oustanding balance2018-12-315,872
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31131,679
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31131,679
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-31131,679
Unpaid minimum required contributions for all years2018-12-31131,679
2017: PLANO PEDIATRICS CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-310
Acturial value of plan assets2017-12-310
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-310
Number of active participants2017-12-3116
Total funding liabilities for active participants2017-12-310
Total participant count2017-12-3116
Total funding target for all participants2017-12-310
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
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 balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31145,450
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 date2017-12-31144,240
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 cost2017-12-31127,540
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31127,540
Additional cash requirement2017-12-31127,540
Contributions allocatedtoward minimum required contributions for current year2017-12-31144,240
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310

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