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THE CHILDREN'S MEDICAL GROUP, PLLC CASH BALANCE PENSION PLAN AND TRUST 401k Plan overview

Plan NameTHE CHILDREN'S MEDICAL GROUP, PLLC CASH BALANCE PENSION PLAN AND TRUST
Plan identification number 002

THE CHILDREN'S MEDICAL GROUP, PLLC CASH BALANCE PENSION PLAN AND TRUST Benefits

401k Plan TypeDefined 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).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covering Self-Employed individuals.

401k Sponsoring company profile

THE CHILDRENS MEDICAL GROUP, PLLC has sponsored the creation of one or more 401k plans.

Company Name:THE CHILDRENS MEDICAL GROUP, PLLC
Employer identification number (EIN):161515571
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CHILDREN'S MEDICAL GROUP, PLLC CASH BALANCE PENSION PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01KIM MAYHEW2020-12-10
0022018-01-01JOSEPH HEAVEY2019-03-01
0022017-01-01JOSEPH HEAVEY2018-06-07
0022016-01-01JOSEPH HEAVEY2017-05-31
0022015-01-01JOSEPH HEAVEY2016-07-05
0022014-01-01JOSEPH HEAVEY2015-09-16
0022013-01-01JOSEPH HEAVEY2014-10-07
0022012-01-01JOSEPH HEAVEY2013-05-02
0022011-01-01JOSEPH HEAVEY2012-09-27
0022010-01-01JOSEPH HEAVEY2011-10-12

Plan Statistics for THE CHILDREN'S MEDICAL GROUP, PLLC CASH BALANCE PENSION PLAN AND TRUST

401k plan membership statisitcs for THE CHILDREN'S MEDICAL GROUP, PLLC CASH BALANCE PENSION PLAN AND TRUST

Measure Date Value
2020: THE CHILDREN'S MEDICAL GROUP, PLLC CASH BALANCE PENSION PLAN AND TRUST 2020 401k membership
Market value of plan assets2020-11-303,003,052
Acturial value of plan assets2020-11-303,003,052
Funding target for retired participants and beneficiaries receiving payment2020-11-300
Number of terminated vested participants2020-11-305
Fundng target for terminated vested participants2020-11-30127,681
Active participant vested funding target2020-11-302,737,211
Number of active participants2020-11-3058
Total funding liabilities for active participants2020-11-302,737,211
Total participant count2020-11-3063
Total funding target for all participants2020-11-302,864,892
Balance at beginning of prior year after applicable adjustments2020-11-300
Prefunding balance at beginning of prior year after applicable adjustments2020-11-30190,825
Carryover balanced portion elected for use to offset prior years funding requirement2020-11-300
Prefunding balanced used to offset prior years funding requirement2020-11-300
Amount remaining of carryover balance2020-11-300
Amount remaining of prefunding balance2020-11-30190,825
Present value of excess contributions2020-11-3053,905
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-11-3056,800
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-11-300
Reductions in caryover balances due to elections or deemed elections2020-11-300
Reductions in prefunding balances due to elections or deemed elections2020-11-300
Balance of carryovers at beginning of current year2020-11-300
Balance of prefunding at beginning of current year2020-11-30202,809
Total employer contributions2020-11-3070,522
Total employee contributions2020-11-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-11-3067,701
Remaining amount of unpaid minimum required contributions2020-11-300
Minimum required contributions for current year target normal cost2020-11-300
Net shortfall amortization installment of oustanding balance2020-11-300
Waiver amortization installment2020-11-300
Waived amount of outstanding balance2020-11-300
Total funding amount beforereflecting carryover/prefunding balances2020-11-300
Carryover balance elected to use to offset funding requirement2020-11-300
Prefunding balance elected to use to offset funding requirement2020-11-300
Additional cash requirement2020-11-300
Contributions allocatedtoward minimum required contributions for current year2020-11-3067,701
Unpaid minimum required contributions for current year2020-11-300
Unpaid minimum required contributions for all years2020-11-300
2019: THE CHILDREN'S MEDICAL GROUP, PLLC CASH BALANCE PENSION PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-12-312,855,936
Acturial value of plan assets2019-12-312,855,936
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-3114,144
Active participant vested funding target2019-12-312,766,206
Number of active participants2019-12-3164
Total funding liabilities for active participants2019-12-312,766,206
Total participant count2019-12-3165
Total funding target for all participants2019-12-312,780,350
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31191,438
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31191,438
Present value of excess contributions2019-12-3164,135
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3164,135
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31190,825
Total employer contributions2019-12-31426,060
Total employee contributions2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31410,934
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31357,029
Waiver amortization installment2019-12-310
Waived amount of outstanding balance2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31357,029
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31357,029
Contributions allocatedtoward minimum required contributions for current year2019-12-31410,934
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: THE CHILDREN'S MEDICAL GROUP, PLLC CASH BALANCE PENSION PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-12-312,539,391
Acturial value of plan assets2018-12-312,539,391
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-312,846
Active participant vested funding target2018-12-312,334,843
Number of active participants2018-12-3165
Total funding liabilities for active participants2018-12-312,334,843
Total participant count2018-12-3167
Total funding target for all participants2018-12-312,337,689
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31184,323
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31184,323
Present value of excess contributions2018-12-3173,235
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3177,483
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31191,438
Total employer contributions2018-12-31409,645
Total employee contributions2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31391,989
Unpaid minimum required contributions for all prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31338,118
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31327,854
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31327,854
Contributions allocatedtoward minimum required contributions for current year2018-12-31391,989
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: THE CHILDREN'S MEDICAL GROUP, PLLC CASH BALANCE PENSION PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-12-312,538,603
Acturial value of plan assets2017-12-312,538,603
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-313
Fundng target for terminated vested participants2017-12-314,932
Active participant vested funding target2017-12-312,327,794
Number of active participants2017-12-3158
Total funding liabilities for active participants2017-12-312,327,794
Total participant count2017-12-3161
Total funding target for all participants2017-12-312,332,726
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31177,884
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-31177,884
Present value of excess contributions2017-12-31200,434
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31212,380
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31184,323
Total employer contributions2017-12-31393,410
Total employee contributions2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31373,819
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31322,138
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Waived amount of outstanding balance2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31300,584
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31300,584
Contributions allocatedtoward minimum required contributions for current year2017-12-31373,819
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: THE CHILDREN'S MEDICAL GROUP, PLLC CASH BALANCE PENSION PLAN AND TRUST 2016 401k membership
Market value of plan assets2016-12-312,114,903
Acturial value of plan assets2016-12-312,114,903
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-312
Fundng target for terminated vested participants2016-12-3116,528
Active participant vested funding target2016-12-311,797,436
Number of active participants2016-12-31101
Total funding liabilities for active participants2016-12-311,797,436
Total participant count2016-12-31103
Total funding target for all participants2016-12-311,813,964
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31177,618
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-31177,618
Present value of excess contributions2016-12-31209,855
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31222,299
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
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 year2016-12-31177,884
Total employer contributions2016-12-31366,106
Total employee contributions2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31354,035
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31276,656
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31153,601
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31153,601
Contributions allocatedtoward minimum required contributions for current year2016-12-31354,035
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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