401k Plan data: DANIEL S. BUDASOFF CASH BALANCE PLAN plan

DANIEL S. BUDASOFF CASH BALANCE PLAN 401k Plan overview

Plan Name	DANIEL S. BUDASOFF CASH BALANCE PLAN
Plan identification number	004

DANIEL S. BUDASOFF CASH BALANCE 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).
Plan covering Self-Employed individuals.
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

DANIEL S. BUDASOFF, D.D.S. has sponsored the creation of one or more 401k plans.

Company Name: DANIEL S. BUDASOFF, D.D.S.

Employer identification number (EIN): 133535021

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

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DANIEL S. BUDASOFF CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
004 2021-01-01 BARBARA ROTHENSTEIN BUDASOFF 2022-07-17
004 2020-01-01 BARBARA ROTHENSTEIN BUDASOFF 2021-06-17
004 2019-01-01 BARBARA ROTHENSTEIN BUDASOFF 2020-07-26
004 2018-01-01 BARBARA ROTHENSTEIN BUDASOFF 2019-09-29
004 2017-01-01 BARBARA ROTHENSTEIN BUDASOFF 2018-08-23
004 2016-01-01 BARBARA ROTHENSTEIN BUDASOFF 2017-09-17
004 2014-01-01 BARBARA ROTHENSTEIN BUDASOFF 2015-09-06
004 2013-01-01 BARBARA ROTHENSTEIN BUDASOFF 2014-10-04
004 2012-01-01 BARBARA ROTHENSTEIN BUDASOFF 2013-08-29
004 2011-01-01 BARBARA ROTHENSTEIN BUDASOFF 2012-09-01
004 2010-01-01 BARBARA ROTHENSTEIN BUDASOFF 2011-09-29

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
004	2021-01-01	BARBARA ROTHENSTEIN BUDASOFF	2022-07-17
004	2020-01-01	BARBARA ROTHENSTEIN BUDASOFF	2021-06-17
004	2019-01-01	BARBARA ROTHENSTEIN BUDASOFF	2020-07-26
004	2018-01-01	BARBARA ROTHENSTEIN BUDASOFF	2019-09-29
004	2017-01-01	BARBARA ROTHENSTEIN BUDASOFF	2018-08-23
004	2016-01-01	BARBARA ROTHENSTEIN BUDASOFF	2017-09-17
004	2014-01-01	BARBARA ROTHENSTEIN BUDASOFF	2015-09-06
004	2013-01-01	BARBARA ROTHENSTEIN BUDASOFF	2014-10-04
004	2012-01-01	BARBARA ROTHENSTEIN BUDASOFF	2013-08-29
004	2011-01-01	BARBARA ROTHENSTEIN BUDASOFF	2012-09-01
004	2010-01-01	BARBARA ROTHENSTEIN BUDASOFF	2011-09-29

Plan Statistics for DANIEL S. BUDASOFF CASH BALANCE PLAN

401k plan membership statisitcs for DANIEL S. BUDASOFF CASH BALANCE PLAN

Measure Date Value
2022: DANIEL S. BUDASOFF CASH BALANCE PLAN 2022 401k membership
Total number of particpants at beginning of year 2022-07-17 5
Total number of particpants at end of year 2022-07-17 3
2021: DANIEL S. BUDASOFF CASH BALANCE PLAN 2021 401k membership
Market value of plan assets 2021-12-31 2,436,354
Acturial value of plan assets 2021-12-31 2,436,354
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 0
Number of terminated vested participants 2021-12-31 1
Fundng target for terminated vested participants 2021-12-31 16,495
Active participant vested funding target 2021-12-31 9,190
Number of active participants 2021-12-31 2
Total funding liabilities for active participants 2021-12-31 9,190
Total participant count 2021-12-31 3
Total funding target for all participants 2021-12-31 25,685
Balance at beginning of prior year after applicable adjustments 2021-12-31 5,782
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 63,301
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 5,782
Amount remaining of prefunding balance 2021-12-31 63,301
Present value of excess contributions 2021-12-31 56,976
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 56,976
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
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 0
Balance of carryovers at beginning of current year 2021-12-31 7,010
Balance of prefunding at beginning of current year 2021-12-31 76,746
Total employer contributions 2021-12-31 0
Total employee contributions 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 0
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 2021-12-31 383,718
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
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: DANIEL S. BUDASOFF CASH BALANCE PLAN 2020 401k membership
Market value of plan assets 2020-12-31 3,900,862
Acturial value of plan assets 2020-12-31 3,900,862
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 0
Number of terminated vested participants 2020-12-31 1
Fundng target for terminated vested participants 2020-12-31 0
Active participant vested funding target 2020-12-31 2,036,480
Number of active participants 2020-12-31 4
Total funding liabilities for active participants 2020-12-31 2,036,480
Total participant count 2020-12-31 5
Total funding target for all participants 2020-12-31 2,036,480
Balance at beginning of prior year after applicable adjustments 2020-12-31 4,762
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 52,134
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 0
Amount remaining of carryover balance 2020-12-31 4,762
Amount remaining of prefunding balance 2020-12-31 52,134
Present value of excess contributions 2020-12-31 213,162
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 213,162
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 0
Balance of carryovers at beginning of current year 2020-12-31 5,782
Balance of prefunding at beginning of current year 2020-12-31 63,301
Total employer contributions 2020-12-31 56,000
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 56,976
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 2020-12-31 177,444
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 0
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 56,976
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: DANIEL S. BUDASOFF CASH BALANCE PLAN 2019 401k membership
Market value of plan assets 2019-12-31 3,054,236
Acturial value of plan assets 2019-12-31 3,054,236
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 2,107,609
Number of active participants 2019-12-31 5
Total funding liabilities for active participants 2019-12-31 2,107,609
Total participant count 2019-12-31 5
Total funding target for all participants 2019-12-31 2,107,609
Balance at beginning of prior year after applicable adjustments 2019-12-31 4,693
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 51,374
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 4,693
Amount remaining of prefunding balance 2019-12-31 51,374
Present value of excess contributions 2019-12-31 281,640
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 281,640
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
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 0
Balance of carryovers at beginning of current year 2019-12-31 4,762
Balance of prefunding at beginning of current year 2019-12-31 52,134
Total employer contributions 2019-12-31 211,111
Total employee contributions 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 213,162
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 208,156
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Waiver amortization installment 2019-12-31 0
Waived amount of outstanding balance 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
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 0
Additional cash requirement 2019-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 213,162
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: DANIEL S. BUDASOFF CASH BALANCE PLAN 2018 401k membership
Market value of plan assets 2018-12-31 2,224,865
Acturial value of plan assets 2018-12-31 2,224,865
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 1,850,598
Number of active participants 2018-12-31 5
Total funding liabilities for active participants 2018-12-31 1,850,598
Total participant count 2018-12-31 5
Total funding target for all participants 2018-12-31 1,850,598
Balance at beginning of prior year after applicable adjustments 2018-12-31 4,193
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 45,898
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 4,193
Amount remaining of prefunding balance 2018-12-31 45,898
Present value of excess contributions 2018-12-31 179,256
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 179,256
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
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 0
Balance of carryovers at beginning of current year 2018-12-31 4,693
Balance of prefunding at beginning of current year 2018-12-31 51,374
Total employer contributions 2018-12-31 277,000
Total employee contributions 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 281,640
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 156,346
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Waiver amortization installment 2018-12-31 0
Waived amount of outstanding balance 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 0
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 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 281,640
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: DANIEL S. BUDASOFF CASH BALANCE PLAN 2017 401k membership
Market value of plan assets 2017-12-31 2,033,831
Acturial value of plan assets 2017-12-31 2,033,831
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 1,652,838
Number of active participants 2017-12-31 6
Total funding liabilities for active participants 2017-12-31 1,652,838
Total participant count 2017-12-31 6
Total funding target for all participants 2017-12-31 1,652,838
Balance at beginning of prior year after applicable adjustments 2017-12-31 3,959
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 43,333
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 3,959
Amount remaining of prefunding balance 2017-12-31 43,333
Present value of excess contributions 2017-12-31 164,429
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 164,429
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
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 4,193
Balance of prefunding at beginning of current year 2017-12-31 45,898
Total employer contributions 2017-12-31 175,000
Total employee contributions 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 179,256
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 159,506
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Waived amount of outstanding balance 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 2017-12-31 179,256
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: DANIEL S. BUDASOFF CASH BALANCE PLAN 2016 401k membership
Market value of plan assets 2016-12-31 1,607,550
Acturial value of plan assets 2016-12-31 1,607,550
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 1,441,094
Number of active participants 2016-12-31 6
Total funding liabilities for active participants 2016-12-31 1,441,094
Total participant count 2016-12-31 6
Total funding target for all participants 2016-12-31 1,441,094
Balance at beginning of prior year after applicable adjustments 2016-12-31 4,078
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 44,636
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 4,078
Amount remaining of prefunding balance 2016-12-31 44,636
Present value of excess contributions 2016-12-31 96,518
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 96,518
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 3,959
Balance of prefunding at beginning of current year 2016-12-31 43,333
Total employer contributions 2016-12-31 200,000
Total employee contributions 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 205,704
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 157,493
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 41,275
Additional cash requirement 2016-12-31 41,275
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 205,704
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
2022: DANIEL S. BUDASOFF CASH BALANCE PLAN 2022 401k membership
Total number of particpants at beginning of year	2022-07-17	5
Total number of particpants at end of year	2022-07-17	3
2021: DANIEL S. BUDASOFF CASH BALANCE PLAN 2021 401k membership
Market value of plan assets	2021-12-31	2,436,354
Acturial value of plan assets	2021-12-31	2,436,354
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	1
Fundng target for terminated vested participants	2021-12-31	16,495
Active participant vested funding target	2021-12-31	9,190
Number of active participants	2021-12-31	2
Total funding liabilities for active participants	2021-12-31	9,190
Total participant count	2021-12-31	3
Total funding target for all participants	2021-12-31	25,685
Balance at beginning of prior year after applicable adjustments	2021-12-31	5,782
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	63,301
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	5,782
Amount remaining of prefunding balance	2021-12-31	63,301
Present value of excess contributions	2021-12-31	56,976
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	56,976
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
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	0
Balance of carryovers at beginning of current year	2021-12-31	7,010
Balance of prefunding at beginning of current year	2021-12-31	76,746
Total employer contributions	2021-12-31	0
Total employee contributions	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	0
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	383,718
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
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: DANIEL S. BUDASOFF CASH BALANCE PLAN 2020 401k membership
Market value of plan assets	2020-12-31	3,900,862
Acturial value of plan assets	2020-12-31	3,900,862
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	1
Fundng target for terminated vested participants	2020-12-31	0
Active participant vested funding target	2020-12-31	2,036,480
Number of active participants	2020-12-31	4
Total funding liabilities for active participants	2020-12-31	2,036,480
Total participant count	2020-12-31	5
Total funding target for all participants	2020-12-31	2,036,480
Balance at beginning of prior year after applicable adjustments	2020-12-31	4,762
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	52,134
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	0
Amount remaining of carryover balance	2020-12-31	4,762
Amount remaining of prefunding balance	2020-12-31	52,134
Present value of excess contributions	2020-12-31	213,162
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	213,162
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	0
Balance of carryovers at beginning of current year	2020-12-31	5,782
Balance of prefunding at beginning of current year	2020-12-31	63,301
Total employer contributions	2020-12-31	56,000
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	56,976
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	177,444
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	0
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	56,976
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: DANIEL S. BUDASOFF CASH BALANCE PLAN 2019 401k membership
Market value of plan assets	2019-12-31	3,054,236
Acturial value of plan assets	2019-12-31	3,054,236
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	2,107,609
Number of active participants	2019-12-31	5
Total funding liabilities for active participants	2019-12-31	2,107,609
Total participant count	2019-12-31	5
Total funding target for all participants	2019-12-31	2,107,609
Balance at beginning of prior year after applicable adjustments	2019-12-31	4,693
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	51,374
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	4,693
Amount remaining of prefunding balance	2019-12-31	51,374
Present value of excess contributions	2019-12-31	281,640
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	281,640
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
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	0
Balance of carryovers at beginning of current year	2019-12-31	4,762
Balance of prefunding at beginning of current year	2019-12-31	52,134
Total employer contributions	2019-12-31	211,111
Total employee contributions	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	213,162
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	208,156
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Waiver amortization installment	2019-12-31	0
Waived amount of outstanding balance	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
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	0
Additional cash requirement	2019-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	213,162
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: DANIEL S. BUDASOFF CASH BALANCE PLAN 2018 401k membership
Market value of plan assets	2018-12-31	2,224,865
Acturial value of plan assets	2018-12-31	2,224,865
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	1,850,598
Number of active participants	2018-12-31	5
Total funding liabilities for active participants	2018-12-31	1,850,598
Total participant count	2018-12-31	5
Total funding target for all participants	2018-12-31	1,850,598
Balance at beginning of prior year after applicable adjustments	2018-12-31	4,193
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	45,898
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	4,193
Amount remaining of prefunding balance	2018-12-31	45,898
Present value of excess contributions	2018-12-31	179,256
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	179,256
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
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	0
Balance of carryovers at beginning of current year	2018-12-31	4,693
Balance of prefunding at beginning of current year	2018-12-31	51,374
Total employer contributions	2018-12-31	277,000
Total employee contributions	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	281,640
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	156,346
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Waiver amortization installment	2018-12-31	0
Waived amount of outstanding balance	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	0
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	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	281,640
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: DANIEL S. BUDASOFF CASH BALANCE PLAN 2017 401k membership
Market value of plan assets	2017-12-31	2,033,831
Acturial value of plan assets	2017-12-31	2,033,831
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	1,652,838
Number of active participants	2017-12-31	6
Total funding liabilities for active participants	2017-12-31	1,652,838
Total participant count	2017-12-31	6
Total funding target for all participants	2017-12-31	1,652,838
Balance at beginning of prior year after applicable adjustments	2017-12-31	3,959
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	43,333
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	3,959
Amount remaining of prefunding balance	2017-12-31	43,333
Present value of excess contributions	2017-12-31	164,429
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	164,429
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
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	4,193
Balance of prefunding at beginning of current year	2017-12-31	45,898
Total employer contributions	2017-12-31	175,000
Total employee contributions	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	179,256
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	159,506
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Waived amount of outstanding balance	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	179,256
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: DANIEL S. BUDASOFF CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	1,607,550
Acturial value of plan assets	2016-12-31	1,607,550
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	1,441,094
Number of active participants	2016-12-31	6
Total funding liabilities for active participants	2016-12-31	1,441,094
Total participant count	2016-12-31	6
Total funding target for all participants	2016-12-31	1,441,094
Balance at beginning of prior year after applicable adjustments	2016-12-31	4,078
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	44,636
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	4,078
Amount remaining of prefunding balance	2016-12-31	44,636
Present value of excess contributions	2016-12-31	96,518
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	96,518
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	3,959
Balance of prefunding at beginning of current year	2016-12-31	43,333
Total employer contributions	2016-12-31	200,000
Total employee contributions	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	205,704
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	157,493
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	41,275
Additional cash requirement	2016-12-31	41,275
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	205,704
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 DANIEL S. BUDASOFF CASH BALANCE PLAN

Measure	Date	Value
2022 : DANIEL S. BUDASOFF CASH BALANCE PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year	2022-07-17	2980420
Net assets as of the end of the plan year	2022-07-17	2436354
Total assets as of the beginning of the plan year	2022-07-17	3956862
Value of plan covered by a fidelity bond	2022-07-17	500000
Other income to plan in this plan year	2022-07-17	1459912
Plan net income in this plan year	2022-07-17	-1520508
Net assets as of the end of the plan year	2022-07-17	2436354
Net assets as of the beginning of the plan year	2022-07-17	3956862

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Company Name:	DANIEL S. BUDASOFF, D.D.S.
Employer identification number (EIN):	133535021
NAIC Classification:	621111
NAIC Description:	Offices of Physicians (except Mental Health Specialists)