401k Plan data: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN plan

MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 401k Plan overview

Plan Name	MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN
Plan identification number	002

MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

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).

401k Sponsoring company profile

MICHAEL J SCHMERIN MD PC has sponsored the creation of one or more 401k plans.

Company Name: MICHAEL J SCHMERIN MD PC

Employer identification number (EIN): 132948710

NAIC Classification: 621111
NAIC Description: Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01 MICHAEL J. SCHMERIN 2024-03-26
002 2022-01-01 MICHAEL J. SCHMERIN 2023-04-04
002 2021-01-01 MICHAEL J. SCHMERIN 2022-07-13
002 2020-01-01 MICHAEL J. SCHMERIN 2021-06-04
002 2019-01-01 MICHAEL J. SCHMERIN 2020-09-03
002 2018-01-01 MICHAEL J. SCHMERIN 2019-04-18
002 2017-01-01 MICHAEL J. SCHMERIN 2018-04-04
002 2016-01-01 MICHAEL J. SCHMERIN 2017-05-22
002 2015-01-01 MICHAEL J. SCHMERIN 2016-07-08
002 2014-01-01 MICHAEL J. SCHMERIN 2015-07-21

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2023-01-01	MICHAEL J. SCHMERIN	2024-03-26
002	2022-01-01	MICHAEL J. SCHMERIN	2023-04-04
002	2021-01-01	MICHAEL J. SCHMERIN	2022-07-13
002	2020-01-01	MICHAEL J. SCHMERIN	2021-06-04
002	2019-01-01	MICHAEL J. SCHMERIN	2020-09-03
002	2018-01-01	MICHAEL J. SCHMERIN	2019-04-18
002	2017-01-01	MICHAEL J. SCHMERIN	2018-04-04
002	2016-01-01	MICHAEL J. SCHMERIN	2017-05-22
002	2015-01-01	MICHAEL J. SCHMERIN	2016-07-08
002	2014-01-01	MICHAEL J. SCHMERIN	2015-07-21

Plan Statistics for MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN

401k plan membership statisitcs for MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN

Measure Date Value
2024: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2024 401k membership
Total number of particpants at beginning of year 2024-03-26 6
Total number of particpants at end of year 2024-03-26 0
2022: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets 2022-12-31 1,134,949
Acturial value of plan assets 2022-12-31 1,134,949
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 0
Number of terminated vested participants 2022-12-31 0
Fundng target for terminated vested participants 2022-12-31 0
Active participant vested funding target 2022-12-31 1,012,929
Number of active participants 2022-12-31 0
Total funding liabilities for active participants 2022-12-31 1,012,929
Total participant count 2022-12-31 0
Total funding target for all participants 2022-12-31 1,012,929
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 229,565
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 241,365
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 241,365
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 119,345
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 122,020
Total employer contributions 2022-12-31 0
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 0
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 2,704
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 2,704
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 2,704
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets 2021-12-31 834,146
Acturial value of plan assets 2021-12-31 834,146
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 0
Number of terminated vested participants 2021-12-31 0
Fundng target for terminated vested participants 2021-12-31 0
Active participant vested funding target 2021-12-31 785,532
Number of active participants 2021-12-31 6
Total funding liabilities for active participants 2021-12-31 785,532
Total participant count 2021-12-31 6
Total funding target for all participants 2021-12-31 785,532
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 51,400
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 51,400
Present value of excess contributions 2021-12-31 222,832
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 235,065
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 235,065
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 285,262
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 242,375
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 229,565
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 4,528
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 229,565
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets 2020-12-31 648,033
Acturial value of plan assets 2020-12-31 648,033
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 0
Number of terminated vested participants 2020-12-31 0
Fundng target for terminated vested participants 2020-12-31 0
Active participant vested funding target 2020-12-31 596,629
Number of active participants 2020-12-31 6
Total funding liabilities for active participants 2020-12-31 596,629
Total participant count 2020-12-31 6
Total funding target for all participants 2020-12-31 596,629
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 62,800
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 3,315
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 59,485
Present value of excess contributions 2020-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 10,316
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 51,400
Total employer contributions 2020-12-31 242,191
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 227,192
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 4,364
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 4,360
Additional cash requirement 2020-12-31 4,360
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 227,192
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets 2019-12-31 381,718
Acturial value of plan assets 2019-12-31 381,718
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 0
Fundng target for terminated vested participants 2019-12-31 0
Active participant vested funding target 2019-12-31 317,955
Number of active participants 2019-12-31 7
Total funding liabilities for active participants 2019-12-31 318,849
Total participant count 2019-12-31 7
Total funding target for all participants 2019-12-31 318,849
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 172,000
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 172,000
Present value of excess contributions 2019-12-31 224,781
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 237,998
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 237,998
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 335,880
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 62,800
Total employer contributions 2019-12-31 241,630
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 229,322
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 232,706
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 232,637
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 3,315
Additional cash requirement 2019-12-31 229,322
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 229,322
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets 2018-12-31 1,211,412
Acturial value of plan assets 2018-12-31 1,211,412
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 1
Fundng target for terminated vested participants 2018-12-31 3,449
Active participant vested funding target 2018-12-31 1,035,931
Number of active participants 2018-12-31 6
Total funding liabilities for active participants 2018-12-31 1,035,931
Total participant count 2018-12-31 7
Total funding target for all participants 2018-12-31 1,039,380
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 68,361
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 68,361
Present value of excess contributions 2018-12-31 280,710
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 298,114
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 298,114
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 199,260
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 172,000
Total employer contributions 2018-12-31 242,019
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 2018-12-31 228,193
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 3,444
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 3,412
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 3,412
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 228,193
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets 2017-12-31 842,956
Acturial value of plan assets 2017-12-31 842,956
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 2017-12-31 759,560
Number of active participants 2017-12-31 7
Total funding liabilities for active participants 2017-12-31 759,560
Total participant count 2017-12-31 7
Total funding target for all participants 2017-12-31 759,560
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 8,499
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 8,499
Present value of excess contributions 2017-12-31 56,521
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 59,285
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 59,285
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 68,361
Total employer contributions 2017-12-31 300,000
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 2017-12-31 280,710
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 3,981
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 0
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 0
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 280,710
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets 2016-12-31 491,515
Acturial value of plan assets 2016-12-31 491,515
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 0
Number of active participants 2016-12-31 7
Total funding liabilities for active participants 2016-12-31 496,194
Total participant count 2016-12-31 7
Total funding target for all participants 2016-12-31 496,194
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 652
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 652
Present value of excess contributions 2016-12-31 7,475
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 7,846
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 7,846
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 8,499
Total employer contributions 2016-12-31 308,000
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 2016-12-31 289,370
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 2016-12-31 230,652
Net shortfall amortization installment of oustanding balance 2016-12-31 13,178
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 232,849
Additional cash requirement 2016-12-31 232,849
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 289,370
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
2024: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2024 401k membership
Total number of particpants at beginning of year	2024-03-26	6
Total number of particpants at end of year	2024-03-26	0
2022: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets	2022-12-31	1,134,949
Acturial value of plan assets	2022-12-31	1,134,949
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	0
Fundng target for terminated vested participants	2022-12-31	0
Active participant vested funding target	2022-12-31	1,012,929
Number of active participants	2022-12-31	0
Total funding liabilities for active participants	2022-12-31	1,012,929
Total participant count	2022-12-31	0
Total funding target for all participants	2022-12-31	1,012,929
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	229,565
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	241,365
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	241,365
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	119,345
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	122,020
Total employer contributions	2022-12-31	0
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	0
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	2,704
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	2,704
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	2,704
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets	2021-12-31	834,146
Acturial value of plan assets	2021-12-31	834,146
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	0
Fundng target for terminated vested participants	2021-12-31	0
Active participant vested funding target	2021-12-31	785,532
Number of active participants	2021-12-31	6
Total funding liabilities for active participants	2021-12-31	785,532
Total participant count	2021-12-31	6
Total funding target for all participants	2021-12-31	785,532
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	51,400
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	51,400
Present value of excess contributions	2021-12-31	222,832
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	235,065
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	235,065
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	285,262
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	242,375
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	229,565
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	4,528
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	229,565
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets	2020-12-31	648,033
Acturial value of plan assets	2020-12-31	648,033
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	0
Fundng target for terminated vested participants	2020-12-31	0
Active participant vested funding target	2020-12-31	596,629
Number of active participants	2020-12-31	6
Total funding liabilities for active participants	2020-12-31	596,629
Total participant count	2020-12-31	6
Total funding target for all participants	2020-12-31	596,629
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	62,800
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	3,315
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	59,485
Present value of excess contributions	2020-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	10,316
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	51,400
Total employer contributions	2020-12-31	242,191
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	227,192
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	4,364
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	4,360
Additional cash requirement	2020-12-31	4,360
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	227,192
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets	2019-12-31	381,718
Acturial value of plan assets	2019-12-31	381,718
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	0
Fundng target for terminated vested participants	2019-12-31	0
Active participant vested funding target	2019-12-31	317,955
Number of active participants	2019-12-31	7
Total funding liabilities for active participants	2019-12-31	318,849
Total participant count	2019-12-31	7
Total funding target for all participants	2019-12-31	318,849
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	172,000
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	172,000
Present value of excess contributions	2019-12-31	224,781
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	237,998
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	237,998
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	335,880
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	62,800
Total employer contributions	2019-12-31	241,630
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	229,322
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	232,706
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	232,637
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	3,315
Additional cash requirement	2019-12-31	229,322
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	229,322
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets	2018-12-31	1,211,412
Acturial value of plan assets	2018-12-31	1,211,412
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	1
Fundng target for terminated vested participants	2018-12-31	3,449
Active participant vested funding target	2018-12-31	1,035,931
Number of active participants	2018-12-31	6
Total funding liabilities for active participants	2018-12-31	1,035,931
Total participant count	2018-12-31	7
Total funding target for all participants	2018-12-31	1,039,380
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	68,361
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	68,361
Present value of excess contributions	2018-12-31	280,710
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	298,114
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	298,114
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	199,260
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	172,000
Total employer contributions	2018-12-31	242,019
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	228,193
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	3,444
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	3,412
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	3,412
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	228,193
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets	2017-12-31	842,956
Acturial value of plan assets	2017-12-31	842,956
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	759,560
Number of active participants	2017-12-31	7
Total funding liabilities for active participants	2017-12-31	759,560
Total participant count	2017-12-31	7
Total funding target for all participants	2017-12-31	759,560
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	8,499
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	8,499
Present value of excess contributions	2017-12-31	56,521
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	59,285
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	59,285
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	68,361
Total employer contributions	2017-12-31	300,000
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	280,710
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	3,981
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	0
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	0
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	280,710
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	491,515
Acturial value of plan assets	2016-12-31	491,515
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	0
Number of active participants	2016-12-31	7
Total funding liabilities for active participants	2016-12-31	496,194
Total participant count	2016-12-31	7
Total funding target for all participants	2016-12-31	496,194
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	652
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	652
Present value of excess contributions	2016-12-31	7,475
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	7,846
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	7,846
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	8,499
Total employer contributions	2016-12-31	308,000
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	289,370
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	230,652
Net shortfall amortization installment of oustanding balance	2016-12-31	13,178
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	232,849
Additional cash requirement	2016-12-31	232,849
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	289,370
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

Financial Data on MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN

Measure	Date	Value
2024 : MICHAEL J. SCHMERIN MD PC CASH BALANCE PLAN 2024 401k financial data
Total transfers to/from plan in this plan year	2024-03-26	0
Total expenses incurred by plan in this plan year	2024-03-26	1139084
Net assets as of the end of the plan year	2024-03-26	0
Total assets as of the beginning of the plan year	2024-03-26	978347
Value of plan covered by a fidelity bond	2024-03-26	5000000
Participant contributions to plan in this plan year	2024-03-26	0
Other expenses paid from plan in this plan year	2024-03-26	0
Other contributions to plan in this plan year	2024-03-26	0
Other income to plan in this plan year	2024-03-26	160737
Plan net income in this plan year	2024-03-26	-978347
Net assets as of the end of the plan year	2024-03-26	0
Net assets as of the beginning of the plan year	2024-03-26	978347
Employer contributions to plan in this plan year	2024-03-26	0
Expensese paid to adminstrative service provicers from plan in this plan year	2024-03-26	0

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Company Name:	MICHAEL J SCHMERIN MD PC
Employer identification number (EIN):	132948710
NAIC Classification:	621111
NAIC Description:	Offices of Physicians (except Mental Health Specialists)