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PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN 401k Plan overview

Plan NamePHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN
Plan identification number 002

PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN Benefits

401k Plan TypeDefined 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).
  • 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

PHYSICIANS BILLING SOLUTIONS LLC has sponsored the creation of one or more 401k plans.

Company Name:PHYSICIANS BILLING SOLUTIONS LLC
Employer identification number (EIN):201016422
NAIC Classification:522300
NAIC Description: Activities Related to Credit Intermediation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01ROSE SEGURITAN2024-10-01
0022022-01-01ROSE SEGURITAN2023-10-03
0022021-01-01ROSE SEGURITAN2022-10-12
0022020-01-01ROSABEL SEGURITAN2021-09-27 ROSABEL SEGURITAN2021-09-27
0022019-01-01ROSABEL SEGURITAN2020-10-12
0022018-01-01ROSABEL SEGURITAN2019-09-30
0022017-01-01ROSABEL SEGURITAN2018-10-10
0022016-01-01ROSABEL SEGURITAN2017-09-27
0022015-01-01ROSABEL SEGURITAN2016-10-11
0022014-01-01ROSABEL SEGURITAN2015-10-13

Plan Statistics for PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN

401k plan membership statisitcs for PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN

Measure Date Value
2025: PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-0327
Total number of particpants at end of year2025-10-0324
2024: PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-0228
Total number of particpants at end of year2024-10-0227
2022: PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-311,883,373
Acturial value of plan assets2022-12-311,883,373
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-314
Fundng target for terminated vested participants2022-12-319,378
Active participant vested funding target2022-12-311,398,288
Number of active participants2022-12-3123
Total funding liabilities for active participants2022-12-311,398,501
Total participant count2022-12-3127
Total funding target for all participants2022-12-311,407,879
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-31416,627
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31416,627
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-31140,000
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 date2022-12-31141,219
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 cost2022-12-31241,063
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31141,219
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-311,901,671
Acturial value of plan assets2021-12-311,901,671
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-315
Fundng target for terminated vested participants2021-12-3110,412
Active participant vested funding target2021-12-311,223,407
Number of active participants2021-12-3123
Total funding liabilities for active participants2021-12-311,224,105
Total participant count2021-12-3128
Total funding target for all participants2021-12-311,234,517
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-31195,650
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31195,650
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
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 year2021-12-310
Total employer contributions2021-12-31420,000
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 date2021-12-31416,627
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 cost2021-12-31138,460
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31416,627
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,365,072
Acturial value of plan assets2020-12-311,365,072
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-313
Fundng target for terminated vested participants2020-12-315,630
Active participant vested funding target2020-12-311,086,023
Number of active participants2020-12-3122
Total funding liabilities for active participants2020-12-311,086,543
Total participant count2020-12-3125
Total funding target for all participants2020-12-311,092,173
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-3143,481
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3143,481
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
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 year2020-12-310
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 date2020-12-31195,650
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 cost2020-12-315,041
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31195,650
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,078,644
Acturial value of plan assets2019-12-311,078,644
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-313
Fundng target for terminated vested participants2019-12-315,112
Active participant vested funding target2019-12-31990,530
Number of active participants2019-12-3121
Total funding liabilities for active participants2019-12-31990,876
Total participant count2019-12-3124
Total funding target for all participants2019-12-31995,988
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
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 balance2019-12-310
Present value of excess contributions2019-12-311,058
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-311,058
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 year2019-12-310
Total employer contributions2019-12-3145,217
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 date2019-12-3143,481
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 cost2019-12-3114,375
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-3143,481
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31653,854
Acturial value of plan assets2018-12-31653,854
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-313
Fundng target for terminated vested participants2018-12-314,423
Active participant vested funding target2018-12-31716,406
Number of active participants2018-12-3120
Total funding liabilities for active participants2018-12-31716,711
Total participant count2018-12-3123
Total funding target for all participants2018-12-31721,134
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
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 balance2018-12-310
Present value of excess contributions2018-12-3168,688
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3168,688
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 year2018-12-310
Total employer contributions2018-12-31201,000
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 date2018-12-31193,346
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 cost2018-12-31181,305
Net shortfall amortization installment of oustanding balance2018-12-3167,280
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31192,288
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31192,288
Contributions allocatedtoward minimum required contributions for current year2018-12-31193,346
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31617,710
Acturial value of plan assets2017-12-31617,710
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-31481,978
Number of active participants2017-12-3123
Total funding liabilities for active participants2017-12-31482,248
Total participant count2017-12-3123
Total funding target for all participants2017-12-31482,248
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
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 balance2017-12-310
Present value of excess contributions2017-12-31124,251
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31124,251
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 year2017-12-310
Total employer contributions2017-12-31100,000
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 date2017-12-3195,952
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 cost2017-12-31162,726
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3127,264
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3127,264
Contributions allocatedtoward minimum required contributions for current year2017-12-3195,952
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31369,107
Acturial value of plan assets2016-12-31369,107
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-311,156
Active participant vested funding target2016-12-31283,511
Number of active participants2016-12-3118
Total funding liabilities for active participants2016-12-31283,511
Total participant count2016-12-3119
Total funding target for all participants2016-12-31284,667
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 contributions2016-12-31102,435
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31102,435
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 contributions2016-12-31195,750
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 date2016-12-31187,676
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 cost2016-12-31147,865
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3163,425
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3163,425
Contributions allocatedtoward minimum required contributions for current year2016-12-31187,676
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

Financial Data on PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN

Measure Date Value
2025 : PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-10-030
Total liabilities as of the beginning of the plan year2025-10-030
Total expenses incurred by plan in this plan year2025-10-0355683
Net assets as of the end of the plan year2025-10-033423266
Total assets as of the beginning of the plan year2025-10-032565479
Value of plan covered by a fidelity bond2025-10-03350000
Participant contributions to plan in this plan year2025-10-030
Other expenses paid from plan in this plan year2025-10-0327617
Other contributions to plan in this plan year2025-10-030
Other income to plan in this plan year2025-10-03613470
Plan net income in this plan year2025-10-03857787
Net assets as of the end of the plan year2025-10-033423266
Net assets as of the beginning of the plan year2025-10-032565479
Employer contributions to plan in this plan year2025-10-03300000
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-030
2024 : PHYSICIANS BILLING SOLUTIONS LLC CASH BALANCE PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-020
Total liabilities as of the end of the plan year2024-10-020
Total liabilities as of the beginning of the plan year2024-10-020
Total expenses incurred by plan in this plan year2024-10-0220494
Net assets as of the end of the plan year2024-10-022565479
Total assets as of the beginning of the plan year2024-10-022024592
Value of plan covered by a fidelity bond2024-10-02232286
Participant contributions to plan in this plan year2024-10-020
Other expenses paid from plan in this plan year2024-10-0220494
Other contributions to plan in this plan year2024-10-020
Other income to plan in this plan year2024-10-02546381
Plan net income in this plan year2024-10-02540887
Net assets as of the end of the plan year2024-10-022565479
Net assets as of the beginning of the plan year2024-10-022024592
Employer contributions to plan in this plan year2024-10-0215000
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-020

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