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NEW YORK MEDICAL ASSOCIATES, P.C. PENSION PLAN 401k Plan overview

Plan NameNEW YORK MEDICAL ASSOCIATES, P.C. PENSION PLAN
Plan identification number 002

NEW YORK MEDICAL ASSOCIATES, P.C. PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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).

401k Sponsoring company profile

NEW YORK MEDICAL ASSOCIATES, P.C. has sponsored the creation of one or more 401k plans.

Company Name:NEW YORK MEDICAL ASSOCIATES, P.C.
Employer identification number (EIN):133751082
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about NEW YORK MEDICAL ASSOCIATES, P.C.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1993-11-02
Company Identification Number: 1769120
Legal Registered Office Address: 300 OLD COUNTRY ROAD
SUITE 241
MINEOLA
United States of America (USA)
11501

More information about NEW YORK MEDICAL ASSOCIATES, P.C.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW YORK MEDICAL ASSOCIATES, P.C. PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01
0022013-01-01
0022012-01-01MARK LIPTON2013-10-03 MARK LIPTON2013-10-03
0022011-01-01MARK LIPTON2012-09-28 MARK LIPTON2012-09-28
0022010-01-01MARK LIPTON2011-09-25 MARK LIPTON2011-09-25

Plan Statistics for NEW YORK MEDICAL ASSOCIATES, P.C. PENSION PLAN

401k plan membership statisitcs for NEW YORK MEDICAL ASSOCIATES, P.C. PENSION PLAN

Measure Date Value
2022: NEW YORK MEDICAL ASSOCIATES, P.C. PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-311,871,624
Acturial value of plan assets2022-12-311,871,624
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-316
Fundng target for terminated vested participants2022-12-3129,702
Active participant vested funding target2022-12-311,593,552
Number of active participants2022-12-315
Total funding liabilities for active participants2022-12-311,594,697
Total participant count2022-12-3111
Total funding target for all participants2022-12-311,624,399
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31704,694
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-3181,293
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31623,401
Present value of excess contributions2022-12-31154,365
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31154,365
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-31154,365
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-31178,800
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31651,269
Total employer contributions2022-12-31150,000
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 date2022-12-31144,714
Liquidity shortfalls end of Q12022-12-310
Liquidity shortfalls end of Q22022-12-310
Liquidity shortfalls end of Q32022-12-310
Liquidity shortfalls end of Q42022-12-310
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 cost2022-12-3173,128
Net shortfall amortization installment of oustanding balance2022-12-31439,213
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31114,409
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-31114,409
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31144,714
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: NEW YORK MEDICAL ASSOCIATES, P.C. PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-312,011,803
Acturial value of plan assets2021-12-312,011,803
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-315
Fundng target for terminated vested participants2021-12-3122,831
Active participant vested funding target2021-12-311,406,776
Number of active participants2021-12-316
Total funding liabilities for active participants2021-12-311,408,053
Total participant count2021-12-3111
Total funding target for all participants2021-12-311,430,884
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31839,237
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-31381,867
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31457,370
Present value of excess contributions2021-12-31193,171
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31193,171
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-31193,171
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 year2021-12-31704,694
Total employer contributions2021-12-31160,000
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 date2021-12-31154,365
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
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 cost2021-12-3170,622
Net shortfall amortization installment of oustanding balance2021-12-31163,097
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3185,829
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-3185,829
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31154,365
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: NEW YORK MEDICAL ASSOCIATES, P.C. PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-311,689,542
Acturial value of plan assets2020-12-311,689,542
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-315
Fundng target for terminated vested participants2020-12-3122,214
Active participant vested funding target2020-12-31999,316
Number of active participants2020-12-313
Total funding liabilities for active participants2020-12-31999,316
Total participant count2020-12-318
Total funding target for all participants2020-12-311,021,530
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31599,046
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-31107,152
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31491,894
Present value of excess contributions2020-12-31274,887
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31274,887
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-31274,887
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 year2020-12-31839,237
Total employer contributions2020-12-31200,000
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 date2020-12-31193,171
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
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 cost2020-12-31348,609
Net shortfall amortization installment of oustanding balance2020-12-31216,376
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31402,411
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-31402,411
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31193,171
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: NEW YORK MEDICAL ASSOCIATES, P.C. PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-311,274,258
Acturial value of plan assets2019-12-311,274,258
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-313
Fundng target for terminated vested participants2019-12-318,285
Active participant vested funding target2019-12-31935,644
Number of active participants2019-12-313
Total funding liabilities for active participants2019-12-31935,644
Total participant count2019-12-316
Total funding target for all participants2019-12-31943,929
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31399,761
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-3126,042
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31373,719
Present value of excess contributions2019-12-31303,969
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31303,969
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-31303,969
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-3150,800
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31599,046
Total employer contributions2019-12-31285,000
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 date2019-12-31274,887
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-3161,021
Net shortfall amortization installment of oustanding balance2019-12-31301,844
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31113,078
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-31113,078
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31274,887
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: NEW YORK MEDICAL ASSOCIATES, P.C. PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-31968,010
Acturial value of plan assets2018-12-31968,010
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-314
Fundng target for terminated vested participants2018-12-3197,022
Active participant vested funding target2018-12-31618,869
Number of active participants2018-12-314
Total funding liabilities for active participants2018-12-31618,869
Total participant count2018-12-318
Total funding target for all participants2018-12-31715,891
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31330,163
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-3126,361
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31303,802
Present value of excess contributions2018-12-31173,184
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31173,184
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31173,184
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-31108,000
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31399,761
Total employer contributions2018-12-31316,000
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 date2018-12-31303,969
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 cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-31170,668
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3127,542
Prefunding balance elected to use to offset funding requirement2018-12-3127,542
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-31303,969
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: NEW YORK MEDICAL ASSOCIATES, P.C. PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-31854,331
Acturial value of plan assets2017-12-31854,331
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-314
Fundng target for terminated vested participants2017-12-3181,248
Active participant vested funding target2017-12-31476,569
Number of active participants2017-12-314
Total funding liabilities for active participants2017-12-31476,569
Total participant count2017-12-318
Total funding target for all participants2017-12-31557,817
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31289,722
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-3127,446
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-31262,276
Present value of excess contributions2017-12-3157,632
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3157,632
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3157,632
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31330,163
Total employer contributions2017-12-31180,000
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 date2017-12-31173,184
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 cost2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-3153,030
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3127,908
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-3127,908
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31173,184
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: NEW YORK MEDICAL ASSOCIATES, P.C. PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31735,898
Acturial value of plan assets2016-12-31735,898
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-314
Fundng target for terminated vested participants2016-12-3173,879
Active participant vested funding target2016-12-31440,938
Number of active participants2016-12-314
Total funding liabilities for active participants2016-12-31440,938
Total participant count2016-12-318
Total funding target for all participants2016-12-31514,817
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31259,007
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-3124,266
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-31234,741
Present value of excess contributions2016-12-3163,291
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3163,291
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3163,291
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31289,722
Total employer contributions2016-12-3160,000
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 date2016-12-3157,632
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 cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-3186,256
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3129,115
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-3129,115
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-3157,632
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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