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STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 401k Plan overview

Plan NameSTEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN
Plan identification number 003

STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT 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).
  • 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

STEPHEN M. CITO, DDS, LLC has sponsored the creation of one or more 401k plans.

Company Name:STEPHEN M. CITO, DDS, LLC
Employer identification number (EIN):200628820
NAIC Classification:621210
NAIC Description:Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032017-01-01STEPHEN CITO STEPHEN CITO2018-10-10
0032016-01-01STEPHEN CITO STEPHEN CITO2017-10-13
0032015-01-01STEPHEN CITO STEPHEN CITO2016-10-14
0032014-01-01STEPHEN CITO STEPHEN CITO2015-10-14
0032013-01-01STEPHEN CITO STEPHEN CITO2014-10-14
0032012-01-01STEPHEN M CITO STEPHEN M CITO2013-10-12
0032011-01-01STEPHEN M CITO STEPHEN M CITO2012-10-06
0032009-01-01STEPHEN CITO STEPHEN CITO2010-10-11

Plan Statistics for STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN

401k plan membership statisitcs for STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN

Measure Date Value
2017: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0112
Total number of active participants reported on line 7a of the Form 55002017-01-010
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-312,467,509
Acturial value of plan assets2016-12-312,467,509
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-314
Fundng target for terminated vested participants2016-12-315,790
Active participant vested funding target2016-12-312,920,275
Number of active participants2016-12-3114
Total funding liabilities for active participants2016-12-312,920,275
Total participant count2016-12-3118
Total funding target for all participants2016-12-312,926,065
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-310
Present value of excess contributions2016-12-31438
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31465
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 year2016-12-310
Total employer contributions2016-12-31161,598
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 date2016-12-31145,816
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
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 balance2016-12-31458,556
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31115,211
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31115,211
Contributions allocatedtoward minimum required contributions for current year2016-12-31145,816
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-0118
Total number of active participants reported on line 7a of the Form 55002016-01-0114
Number of other retired or separated participants entitled to future benefits2016-01-014
Total of all active and inactive participants2016-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0121
Total number of active participants reported on line 7a of the Form 55002015-01-0116
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-012
Total of all active and inactive participants2015-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0119
Total number of active participants reported on line 7a of the Form 55002014-01-0118
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-011
2013: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0117
Total number of active participants reported on line 7a of the Form 55002013-01-0116
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0114
Total number of active participants reported on line 7a of the Form 55002012-01-0114
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-013
Total of all active and inactive participants2012-01-0117
Total participants2012-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0115
Total number of active participants reported on line 7a of the Form 55002011-01-0113
Number of other retired or separated participants entitled to future benefits2011-01-011
Total of all active and inactive participants2011-01-0114
Total participants2011-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011
2009: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0114
Total number of active participants reported on line 7a of the Form 55002009-01-0112
Number of other retired or separated participants entitled to future benefits2009-01-012
Total of all active and inactive participants2009-01-0114
Total participants2009-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN

Measure Date Value
2017 : STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$-2,976,191
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$24,333
Expenses. Total of all expenses incurred2017-12-31$258,126
Benefits paid (including direct rollovers)2017-12-31$122,156
Total plan assets at end of year2017-12-31$0
Total plan assets at beginning of year2017-12-31$3,209,984
Expenses. Other expenses not covered elsewhere2017-12-31$135,970
Other income received2017-12-31$24,333
Net income (gross income less expenses)2017-12-31$-233,793
Net plan assets at end of year (total assets less liabilities)2017-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$3,209,984
Total contributions received or receivable from employer(s)2017-12-31$0
Value of corrective distributions2017-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$2,547,977
2016 : STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2016 401k financial data
Total income from all sources2016-12-31$297,598
Expenses. Total of all expenses incurred2016-12-31$51,560
Total plan assets at end of year2016-12-31$3,209,984
Total plan assets at beginning of year2016-12-31$2,963,946
Value of fidelity bond covering the plan2016-12-31$1,150,000
Assets. Value of loans (other than to participants)2016-12-31$131,072
Expenses. Other expenses not covered elsewhere2016-12-31$51,560
Other income received2016-12-31$136,000
Net income (gross income less expenses)2016-12-31$246,038
Net plan assets at end of year (total assets less liabilities)2016-12-31$3,209,984
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$2,963,946
Assets. Value of participant loans2016-12-31$49,032
Assets. Value of assets in partnership/joint-venture interests2016-12-31$31,577
Assets. Value of real-estate (other than employer real property)2016-12-31$2,259,474
Total contributions received or receivable from employer(s)2016-12-31$161,598
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2015 401k financial data
Total income from all sources2015-12-31$69,088
Expenses. Total of all expenses incurred2015-12-31$89,552
Total plan assets at end of year2015-12-31$2,963,946
Total plan assets at beginning of year2015-12-31$2,984,410
Value of fidelity bond covering the plan2015-12-31$1,150,000
Assets. Value of loans (other than to participants)2015-12-31$446,081
Expenses. Other expenses not covered elsewhere2015-12-31$79,848
Other income received2015-12-31$-54,886
Net income (gross income less expenses)2015-12-31$-20,464
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,963,946
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,984,410
Assets. Value of participant loans2015-12-31$32,563
Assets. Value of assets in partnership/joint-venture interests2015-12-31$31,577
Assets. Value of real-estate (other than employer real property)2015-12-31$731,500
Total contributions received or receivable from employer(s)2015-12-31$123,974
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$9,704
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2014 401k financial data
Total income from all sources2014-12-31$297,114
Expenses. Total of all expenses incurred2014-12-31$56,716
Total plan assets at end of year2014-12-31$2,984,410
Total plan assets at beginning of year2014-12-31$2,744,012
Value of fidelity bond covering the plan2014-12-31$1,150,000
Assets. Value of loans (other than to participants)2014-12-31$137,500
Expenses. Other expenses not covered elsewhere2014-12-31$42,660
Other income received2014-12-31$171,264
Net income (gross income less expenses)2014-12-31$240,398
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,984,410
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,744,012
Assets. Value of participant loans2014-12-31$51,794
Assets. Value of assets in partnership/joint-venture interests2014-12-31$31,577
Assets. Value of real-estate (other than employer real property)2014-12-31$1,271,500
Total contributions received or receivable from employer(s)2014-12-31$125,850
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$14,056
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2013 401k financial data
Total income from all sources2013-12-31$309,720
Expenses. Total of all expenses incurred2013-12-31$332,698
Benefits paid (including direct rollovers)2013-12-31$298,524
Total plan assets at end of year2013-12-31$2,744,012
Total plan assets at beginning of year2013-12-31$2,766,990
Value of fidelity bond covering the plan2013-12-31$1,150,000
Assets. Value of loans (other than to participants)2013-12-31$289,684
Expenses. Other expenses not covered elsewhere2013-12-31$19,404
Other income received2013-12-31$189,070
Net income (gross income less expenses)2013-12-31$-22,978
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,744,012
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,766,990
Assets. Value of participant loans2013-12-31$60,763
Assets. Value of assets in partnership/joint-venture interests2013-12-31$31,577
Assets. Value of real-estate (other than employer real property)2013-12-31$731,500
Total contributions received or receivable from employer(s)2013-12-31$120,650
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$14,770
2012 : STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2012 401k financial data
Total income from all sources2012-12-31$399,464
Expenses. Total of all expenses incurred2012-12-31$35,267
Total plan assets at end of year2012-12-31$2,766,990
Total plan assets at beginning of year2012-12-31$2,402,793
Value of fidelity bond covering the plan2012-12-31$850,000
Assets. Value of loans (other than to participants)2012-12-31$532,197
Expenses. Other expenses not covered elsewhere2012-12-31$22,566
Other income received2012-12-31$244,464
Net income (gross income less expenses)2012-12-31$364,197
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,766,990
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,402,793
Assets. Value of participant loans2012-12-31$80,960
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2012-12-31$1,468
Assets. Value of assets in partnership/joint-venture interests2012-12-31$31,577
Assets. Value of real-estate (other than employer real property)2012-12-31$731,500
Total contributions received or receivable from employer(s)2012-12-31$155,000
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$12,701
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2011 401k financial data
Total income from all sources2011-12-31$-194,798
Expenses. Total of all expenses incurred2011-12-31$63,670
Benefits paid (including direct rollovers)2011-12-31$1,161
Total plan assets at end of year2011-12-31$2,402,793
Total plan assets at beginning of year2011-12-31$2,661,261
Value of fidelity bond covering the plan2011-12-31$850,000
Assets. Value of loans (other than to participants)2011-12-31$1,468
Expenses. Other expenses not covered elsewhere2011-12-31$50,623
Other income received2011-12-31$-288,099
Net income (gross income less expenses)2011-12-31$-258,468
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,402,793
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,661,261
Assets. Value of participant loans2011-12-31$83,824
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2011-12-31$283,890
Assets. Value of assets in partnership/joint-venture interests2011-12-31$31,577
Assets. Value of real-estate (other than employer real property)2011-12-31$731,500
Total contributions received or receivable from employer(s)2011-12-31$93,301
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$11,886
2010 : STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2010 401k financial data
Total plan liabilities at beginning of year2010-12-31$400
Total income from all sources2010-12-31$295,935
Expenses. Total of all expenses incurred2010-12-31$36,342
Benefits paid (including direct rollovers)2010-12-31$1,345
Total plan assets at end of year2010-12-31$2,661,261
Total plan assets at beginning of year2010-12-31$2,402,068
Value of fidelity bond covering the plan2010-12-31$850,000
Assets. Value of loans (other than to participants)2010-12-31$287,276
Other income received2010-12-31$140,236
Net income (gross income less expenses)2010-12-31$259,593
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,661,261
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$2,401,668
Assets. Value of participant loans2010-12-31$9,960
Assets. Value of assets in partnership/joint-venture interests2010-12-31$31,577
Assets. Value of real-estate (other than employer real property)2010-12-31$731,500
Total contributions received or receivable from employer(s)2010-12-31$155,699
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$34,997

Form 5500 Responses for STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN

2017: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingYes
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: STEPHEN M. CITO, DDS, LLC DEFINED BENEFIT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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