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NEW JERSEY SPINAL MEDICINE AND SURGERY, P.A. CASH BALANCE PLAN 401k Plan overview

Plan NameNEW JERSEY SPINAL MEDICINE AND SURGERY, P.A. CASH BALANCE PLAN
Plan identification number 002

NEW JERSEY SPINAL MEDICINE AND SURGERY, P.A. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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).

401k Sponsoring company profile

NEW JERSEY SPINAL MEDICINE AND SURGERY, P.A. has sponsored the creation of one or more 401k plans.

Company Name:NEW JERSEY SPINAL MEDICINE AND SURGERY, P.A.
Employer identification number (EIN):201824944
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW JERSEY SPINAL MEDICINE AND SURGERY, P.A. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01DANTE IMPLICITO, M.D.2023-09-28
0022021-01-01DANTE IMPLICITO, M.D.2022-09-29
0022020-01-01DANTE IMPLICITO, M.D.2021-10-05
0022019-01-01DANTE IMPLICITO, M.D.2020-09-28
0022018-01-01DANTE IMPLICITO, M.D.2019-10-01
0022017-01-01DANTE IMPLICITO, M.D.2018-09-20
0022016-01-01DANTE IMPLICITO, M.D.2017-09-25
0022015-01-01DANTE IMPLICITO, M.D.2016-09-20
0022014-01-01DANTE IMPLICITO, M.D.2015-08-19
0022013-01-01DANTE IMPLICITO, M.D.2014-09-19
0022012-01-01DANTE IMPLICITO, M.D.2013-09-30
0022011-01-01DANTE IMPLICITO, M.D.2012-09-20
0022010-01-01DANTE IMPLICITO, M.D.2011-10-03

Plan Statistics for NEW JERSEY SPINAL MEDICINE AND SURGERY, P.A. CASH BALANCE PLAN

401k plan membership statisitcs for NEW JERSEY SPINAL MEDICINE AND SURGERY, P.A. CASH BALANCE PLAN

Measure Date Value
2022: NEW JERSEY SPINAL MEDICINE AND SURGERY, P.A. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-31732,232
Acturial value of plan assets2022-12-31732,232
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-313
Fundng target for terminated vested participants2022-12-3116,791
Active participant vested funding target2022-12-31715,737
Number of active participants2022-12-313
Total funding liabilities for active participants2022-12-31715,737
Total participant count2022-12-316
Total funding target for all participants2022-12-31732,528
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3128,071
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-31245
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-3127,826
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
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 year2022-12-3126,304
Total employer contributions2022-12-310
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 date2022-12-310
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 cost2022-12-318,966
Net shortfall amortization installment of oustanding balance2022-12-3126,600
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3111,424
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-3111,424
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: NEW JERSEY SPINAL MEDICINE AND SURGERY, P.A. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-31773,127
Acturial value of plan assets2021-12-31773,127
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-311
Fundng target for terminated vested participants2021-12-311,185
Active participant vested funding target2021-12-31696,408
Number of active participants2021-12-315
Total funding liabilities for active participants2021-12-31696,408
Total participant count2021-12-316
Total funding target for all participants2021-12-31697,593
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3157,943
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-3132,673
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-3125,270
Present value of excess contributions2021-12-31863
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31908
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-31908
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 year2021-12-3128,071
Total employer contributions2021-12-310
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 date2021-12-310
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 cost2021-12-3147,708
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31245
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-31245
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: NEW JERSEY SPINAL MEDICINE AND SURGERY, P.A. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-31703,092
Acturial value of plan assets2020-12-31703,092
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-311,924
Active participant vested funding target2020-12-31643,195
Number of active participants2020-12-315
Total funding liabilities for active participants2020-12-31643,195
Total participant count2020-12-317
Total funding target for all participants2020-12-31645,119
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3189,446
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-3139,508
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-3149,938
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
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 year2020-12-3157,943
Total employer contributions2020-12-3120,000
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 date2020-12-3118,128
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 cost2020-12-3148,340
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3148,310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-3131,045
Additional cash requirement2020-12-3117,265
Contributions allocatedtoward minimum required contributions for current year2020-12-3118,128
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: NEW JERSEY SPINAL MEDICINE AND SURGERY, P.A. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31592,096
Acturial value of plan assets2019-12-31592,096
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-31972
Active participant vested funding target2019-12-31562,856
Number of active participants2019-12-317
Total funding liabilities for active participants2019-12-31562,856
Total participant count2019-12-318
Total funding target for all participants2019-12-31563,828
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31106,383
Prefunding balanced used to offset prior years funding requirement2019-12-3111,339
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3195,044
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 year2019-12-3189,446
Total employer contributions2019-12-3120,000
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 date2019-12-3118,296
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 cost2019-12-3147,863
Net shortfall amortization installment of oustanding balance2019-12-3161,178
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3157,804
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-3139,508
Additional cash requirement2019-12-3118,296
Contributions allocatedtoward minimum required contributions for current year2019-12-3118,296
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: NEW JERSEY SPINAL MEDICINE AND SURGERY, P.A. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31602,171
Acturial value of plan assets2018-12-31602,171
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-31915
Active participant vested funding target2018-12-31482,120
Number of active participants2018-12-317
Total funding liabilities for active participants2018-12-31482,699
Total participant count2018-12-318
Total funding target for all participants2018-12-31483,614
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31121,346
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-3125,159
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-3196,187
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
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 year2018-12-31106,383
Total employer contributions2018-12-3125,000
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 date2018-12-3122,811
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 cost2018-12-3146,324
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3134,150
Prefunding balance elected to use to offset funding requirement2018-12-3111,339
Additional cash requirement2018-12-3122,811
Contributions allocatedtoward minimum required contributions for current year2018-12-3122,811
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: NEW JERSEY SPINAL MEDICINE AND SURGERY, P.A. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31524,793
Acturial value of plan assets2017-12-31524,793
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-31841
Active participant vested funding target2017-12-31402,253
Number of active participants2017-12-317
Total funding liabilities for active participants2017-12-31402,606
Total participant count2017-12-318
Total funding target for all participants2017-12-31403,447
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31118,784
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 balance2017-12-31118,784
Present value of excess contributions2017-12-3126,621
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3128,197
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-313,013
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 year2017-12-31121,346
Total employer contributions2017-12-3125,000
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 date2017-12-3122,734
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 cost2017-12-3147,893
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3147,893
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-3125,159
Additional cash requirement2017-12-3122,734
Contributions allocatedtoward minimum required contributions for current year2017-12-3122,734
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: NEW JERSEY SPINAL MEDICINE AND SURGERY, P.A. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31451,244
Acturial value of plan assets2016-12-31451,244
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-31680
Active participant vested funding target2016-12-31331,780
Number of active participants2016-12-314
Total funding liabilities for active participants2016-12-31331,780
Total participant count2016-12-315
Total funding target for all participants2016-12-31332,460
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31100,314
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 balance2016-12-31100,314
Present value of excess contributions2016-12-3139,568
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3141,990
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3122,462
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 year2016-12-31118,784
Total employer contributions2016-12-3175,000
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 date2016-12-3168,003
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 cost2016-12-3141,382
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3141,382
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3141,382
Contributions allocatedtoward minimum required contributions for current year2016-12-3168,003
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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