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NEW YORK CARDIOVASCULAR ANESTHESIOLOGISTS PC DEFINED BENEFIT PLAN 401k Plan overview

Plan NameNEW YORK CARDIOVASCULAR ANESTHESIOLOGISTS PC DEFINED BENEFIT PLAN
Plan identification number 004

NEW YORK CARDIOVASCULAR ANESTHESIOLOGISTS PC DEFINED BENEFIT 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).
  • 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).
  • 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

NEW YORK CARDIOVASCULAR ANESTHESIOLOGISTS PC has sponsored the creation of one or more 401k plans.

Company Name:NEW YORK CARDIOVASCULAR ANESTHESIOLOGISTS PC
Employer identification number (EIN):113027215
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW YORK CARDIOVASCULAR ANESTHESIOLOGISTS PC DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042022-01-01STEVEN SCHULMAN2023-08-23
0042021-01-01STEVEN SCHULMAN2022-10-14
0042020-01-01
0042019-01-01
0042018-01-01
0042017-01-01
0042016-01-01
0042015-01-01
0042014-01-01
0042013-01-01MICHAEL COHEN2014-05-14

Plan Statistics for NEW YORK CARDIOVASCULAR ANESTHESIOLOGISTS PC DEFINED BENEFIT PLAN

401k plan membership statisitcs for NEW YORK CARDIOVASCULAR ANESTHESIOLOGISTS PC DEFINED BENEFIT PLAN

Measure Date Value
2022: NEW YORK CARDIOVASCULAR ANESTHESIOLOGISTS PC DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets2022-12-317,882,901
Acturial value of plan assets2022-12-317,882,901
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-313
Fundng target for terminated vested participants2022-12-3132,743
Active participant vested funding target2022-12-318,542,725
Number of active participants2022-12-3150
Total funding liabilities for active participants2022-12-318,542,725
Total participant count2022-12-3153
Total funding target for all participants2022-12-318,575,468
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31932,551
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31932,551
Present value of excess contributions2022-12-31238,540
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31238,540
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31970,226
Total employer contributions2022-12-311,674,180
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-311,651,669
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-311,483,077
Net shortfall amortization installment of oustanding balance2022-12-311,714,700
Total funding amount beforereflecting carryover/prefunding balances2022-12-311,641,535
Additional cash requirement2022-12-311,641,535
Contributions allocatedtoward minimum required contributions for current year2022-12-311,651,669
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: NEW YORK CARDIOVASCULAR ANESTHESIOLOGISTS PC DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets2021-12-317,320,191
Acturial value of plan assets2021-12-317,320,191
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-313
Fundng target for terminated vested participants2021-12-3125,775
Active participant vested funding target2021-12-316,533,652
Number of active participants2021-12-3145
Total funding liabilities for active participants2021-12-316,533,652
Total participant count2021-12-3148
Total funding target for all participants2021-12-316,559,427
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31887,806
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31887,806
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31932,551
Total employer contributions2021-12-311,659,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-311,658,018
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-311,419,478
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-311,419,478
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-311,419,478
Contributions allocatedtoward minimum required contributions for current year2021-12-311,658,018
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: NEW YORK CARDIOVASCULAR ANESTHESIOLOGISTS PC DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-12-317,267,504
Acturial value of plan assets2020-12-317,267,504
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-314
Fundng target for terminated vested participants2020-12-3139,335
Active participant vested funding target2020-12-316,272,583
Number of active participants2020-12-3144
Total funding liabilities for active participants2020-12-316,272,583
Total participant count2020-12-3148
Total funding target for all participants2020-12-316,311,918
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31759,848
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 balance2020-12-31759,848
Present value of excess contributions2020-12-3143,858
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3143,858
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 year2020-12-31887,806
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: NEW YORK CARDIOVASCULAR ANESTHESIOLOGISTS PC DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-316,423,469
Acturial value of plan assets2019-12-316,423,469
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-314
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-315,017,376
Number of active participants2019-12-3143
Total funding liabilities for active participants2019-12-315,017,376
Total participant count2019-12-3147
Total funding target for all participants2019-12-315,017,376
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31554,086
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 balance2019-12-31554,086
Present value of excess contributions2019-12-31238,453
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31238,453
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-31238,453
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 year2019-12-31759,848
Total employer contributions2019-12-31520,000
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 date2019-12-31521,028
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 cost2019-12-311,081,547
Net shortfall amortization installment of oustanding balance2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31477,170
Additional cash requirement2019-12-31477,170
Contributions allocatedtoward minimum required contributions for current year2019-12-31521,028
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: NEW YORK CARDIOVASCULAR ANESTHESIOLOGISTS PC DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets2018-12-314,446,451
Acturial value of plan assets2018-12-314,446,451
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 target2018-12-313,773,088
Number of active participants2018-12-3141
Total funding liabilities for active participants2018-12-313,773,088
Total participant count2018-12-3141
Total funding target for all participants2018-12-313,773,088
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31495,610
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 balance2018-12-31495,610
Present value of excess contributions2018-12-31606,239
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31606,239
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31606,239
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-31600,000
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31554,086
Total employer contributions2018-12-311,080,000
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 date2018-12-311,069,710
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 cost2018-12-31919,007
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31831,257
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31831,257
Contributions allocatedtoward minimum required contributions for current year2018-12-311,069,710
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: NEW YORK CARDIOVASCULAR ANESTHESIOLOGISTS PC DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-314,124,955
Acturial value of plan assets2017-12-314,124,955
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-314
Fundng target for terminated vested participants2017-12-3113,221
Active participant vested funding target2017-12-312,678,114
Number of active participants2017-12-3139
Total funding liabilities for active participants2017-12-312,678,114
Total participant count2017-12-3143
Total funding target for all participants2017-12-312,691,335
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31299,309
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 balance2017-12-31299,309
Present value of excess contributions2017-12-31976,996
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31976,996
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31976,996
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-31800,000
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31495,610
Total employer contributions2017-12-31615,000
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 date2017-12-31606,239
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 cost2017-12-31806,810
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31606,239
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: NEW YORK CARDIOVASCULAR ANESTHESIOLOGISTS PC DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-312,383,687
Acturial value of plan assets2016-12-312,383,687
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-316
Fundng target for terminated vested participants2016-12-31352,990
Active participant vested funding target2016-12-311,699,416
Number of active participants2016-12-3138
Total funding liabilities for active participants2016-12-311,699,416
Total participant count2016-12-3144
Total funding target for all participants2016-12-312,052,406
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31176,072
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 balance2016-12-310
Amount remaining of prefunding balance2016-12-31176,072
Present value of excess contributions2016-12-31179,188
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31179,188
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31179,188
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-3150,000
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31299,309
Total employer contributions2016-12-311,795,000
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 date2016-12-311,801,217
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 cost2016-12-31837,965
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31824,221
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31824,221
Contributions allocatedtoward minimum required contributions for current year2016-12-311,801,217
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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