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SOUTH CAROLINA ENT ALLERGY & SLEEP MEDICINE, PA CASH BALANCE PLAN 401k Plan overview

Plan NameSOUTH CAROLINA ENT ALLERGY & SLEEP MEDICINE, PA CASH BALANCE PLAN
Plan identification number 002

SOUTH CAROLINA ENT ALLERGY & SLEEP MEDICINE, PA 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).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SOUTH CAROLINA ENT ALLEGY & SLEEP MEDICINE, PA has sponsored the creation of one or more 401k plans.

Company Name:SOUTH CAROLINA ENT ALLEGY & SLEEP MEDICINE, PA
Employer identification number (EIN):202229599
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH CAROLINA ENT ALLERGY & SLEEP MEDICINE, PA CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01ROBERT PUCHALSKI, MD2021-07-16 ROBERT PUCHALSKI, MD2021-07-16
0022019-01-01ROBERT PUCHALSKI, MD2020-09-16 ROBERT PUCHALSKI, MD2020-09-16
0022018-01-01
0022017-01-01

Plan Statistics for SOUTH CAROLINA ENT ALLERGY & SLEEP MEDICINE, PA CASH BALANCE PLAN

401k plan membership statisitcs for SOUTH CAROLINA ENT ALLERGY & SLEEP MEDICINE, PA CASH BALANCE PLAN

Measure Date Value
2022: SOUTH CAROLINA ENT ALLERGY & SLEEP MEDICINE, PA CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-311,599,150
Acturial value of plan assets2022-12-311,599,150
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-3113
Fundng target for terminated vested participants2022-12-3147,575
Active participant vested funding target2022-12-311,632,130
Number of active participants2022-12-3121
Total funding liabilities for active participants2022-12-311,632,130
Total participant count2022-12-3134
Total funding target for all participants2022-12-311,679,705
Funding target disregarding prescribed at-risk assumptions2022-12-310
Funding target reflecting at-risk assumptions but disregarding transition rule for plant that have been at-risk status for fewer than five consecutive years and disregarding loading factor2022-12-310
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 contributions2022-12-31395,990
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31395,990
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 contributions2022-12-31228,867
Total employee contributions2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31223,570
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-3180,555
Total funding amount beforereflecting carryover/prefunding balances2022-12-317,444
Additional cash requirement2022-12-317,444
Contributions allocatedtoward minimum required contributions for current year2022-12-31223,570
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: SOUTH CAROLINA ENT ALLERGY & SLEEP MEDICINE, PA CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-311,595,196
Acturial value of plan assets2021-12-311,595,196
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-3110
Fundng target for terminated vested participants2021-12-3163,304
Active participant vested funding target2021-12-311,183,124
Number of active participants2021-12-3153
Total funding liabilities for active participants2021-12-311,183,124
Total participant count2021-12-3163
Total funding target for all participants2021-12-311,246,428
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-31352,491
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31372,900
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-31426,548
Total employee contributions2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31422,918
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31375,696
Total funding amount beforereflecting carryover/prefunding balances2021-12-3126,928
Additional cash requirement2021-12-3126,928
Contributions allocatedtoward minimum required contributions for current year2021-12-31422,918
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: SOUTH CAROLINA ENT ALLERGY & SLEEP MEDICINE, PA CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,080,581
Acturial value of plan assets2020-12-311,080,581
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-3115
Fundng target for terminated vested participants2020-12-3149,342
Active participant vested funding target2020-12-31727,153
Number of active participants2020-12-3136
Total funding liabilities for active participants2020-12-31728,163
Total participant count2020-12-3151
Total funding target for all participants2020-12-31777,505
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-31306,697
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31306,697
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-31417,086
Total employee contributions2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31405,918
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31356,503
Total funding amount beforereflecting carryover/prefunding balances2020-12-3153,427
Additional cash requirement2020-12-3153,427
Contributions allocatedtoward minimum required contributions for current year2020-12-31405,918
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: SOUTH CAROLINA ENT ALLERGY & SLEEP MEDICINE, PA CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31632,618
Acturial value of plan assets2019-12-31632,618
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-314
Fundng target for terminated vested participants2019-12-3110,145
Active participant vested funding target2019-12-31378,574
Number of active participants2019-12-3134
Total funding liabilities for active participants2019-12-31378,574
Total participant count2019-12-3138
Total funding target for all participants2019-12-31388,719
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-31214,727
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31214,727
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31314,900
Total employee contributions2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31306,697
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31197,059
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31306,697
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: SOUTH CAROLINA ENT ALLERGY & SLEEP MEDICINE, PA CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31251,708
Acturial value of plan assets2018-12-31251,708
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-311,893
Active participant vested funding target2018-12-31165,860
Number of active participants2018-12-3132
Total funding liabilities for active participants2018-12-31165,860
Total participant count2018-12-3134
Total funding target for all participants2018-12-31167,753
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 contributions2018-12-31108,734
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31108,734
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 contributions2018-12-31332,331
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 date2018-12-31320,209
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 cost2018-12-31189,437
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31105,482
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31105,482
Contributions allocatedtoward minimum required contributions for current year2018-12-31320,209
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: SOUTH CAROLINA ENT ALLERGY & SLEEP MEDICINE, PA CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-310
Acturial value of plan assets2017-12-310
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 target2017-12-310
Number of active participants2017-12-3126
Total funding liabilities for active participants2017-12-310
Total participant count2017-12-3126
Total funding target for all participants2017-12-310
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 contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
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 contributions2017-12-31265,600
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 date2017-12-31255,636
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 cost2017-12-31146,902
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31146,902
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31146,902
Contributions allocatedtoward minimum required contributions for current year2017-12-31255,636
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310

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