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PETER J. RUANE, M.D., INC. DEFINED BENEFIT PLAN 401k Plan overview

Plan NamePETER J. RUANE, M.D., INC. DEFINED BENEFIT PLAN
Plan identification number 002

PETER J. RUANE, M.D., INC. DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PETER J. RUANE, M.D., INC. has sponsored the creation of one or more 401k plans.

Company Name:PETER J. RUANE, M.D., INC.
Employer identification number (EIN):201029825
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PETER J. RUANE, M.D., INC. DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01PETER RUANE2023-10-13
0022021-01-01PETER RUANE2022-10-06
0022020-01-01PETER RUANE2021-10-14
0022019-01-01PETER RUANE2020-09-09

Plan Statistics for PETER J. RUANE, M.D., INC. DEFINED BENEFIT PLAN

401k plan membership statisitcs for PETER J. RUANE, M.D., INC. DEFINED BENEFIT PLAN

Measure Date Value
2022: PETER J. RUANE, M.D., INC. DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets2022-12-31929,167
Acturial value of plan assets2022-12-31929,167
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-3121
Fundng target for terminated vested participants2022-12-3111,863
Active participant vested funding target2022-12-31541,283
Number of active participants2022-12-3117
Total funding liabilities for active participants2022-12-31903,970
Total participant count2022-12-3138
Total funding target for all participants2022-12-31915,833
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3168,383
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 balance2022-12-3168,383
Present value of excess contributions2022-12-3162,377
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3162,377
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 year2022-12-3174,216
Total employer contributions2022-12-31279,882
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 date2022-12-31269,967
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 cost2022-12-31341,986
Net shortfall amortization installment of oustanding balance2022-12-3164,830
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31347,977
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-3178,010
Additional cash requirement2022-12-31269,967
Contributions allocatedtoward minimum required contributions for current year2022-12-31269,967
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: PETER J. RUANE, M.D., INC. DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets2021-12-31693,715
Acturial value of plan assets2021-12-31693,715
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-3110
Fundng target for terminated vested participants2021-12-314,901
Active participant vested funding target2021-12-31230,284
Number of active participants2021-12-3124
Total funding liabilities for active participants2021-12-31575,710
Total participant count2021-12-3134
Total funding target for all participants2021-12-31580,611
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3115,000
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 balance2021-12-3115,000
Present value of excess contributions2021-12-3178,679
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3178,679
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-3150,000
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 year2021-12-3168,383
Total employer contributions2021-12-31332,907
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 date2021-12-31320,642
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 cost2021-12-31299,211
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31258,265
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31258,265
Contributions allocatedtoward minimum required contributions for current year2021-12-31320,642
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: PETER J. RUANE, M.D., INC. DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-12-31314,415
Acturial value of plan assets2020-12-31314,415
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-31481
Active participant vested funding target2020-12-3153,614
Number of active participants2020-12-3128
Total funding liabilities for active participants2020-12-31268,066
Total participant count2020-12-3130
Total funding target for all participants2020-12-31268,547
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 contributions2020-12-3115,232
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3115,232
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3115,000
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 year2020-12-3115,000
Total employer contributions2020-12-31334,092
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 date2020-12-31327,824
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 cost2020-12-31279,167
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31249,145
Additional cash requirement2020-12-31249,145
Contributions allocatedtoward minimum required contributions for current year2020-12-31327,824
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: PETER J. RUANE, M.D., INC. DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-310
Acturial value of plan assets2019-12-310
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-310
Number of active participants2019-12-3123
Total funding liabilities for active participants2019-12-310
Total participant count2019-12-3123
Total funding target for all participants2019-12-310
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 contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
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 contributions2019-12-31293,319
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 date2019-12-31283,530
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 cost2019-12-31268,298
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31268,298
Additional cash requirement2019-12-31268,298
Contributions allocatedtoward minimum required contributions for current year2019-12-31283,530
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310

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