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GATEWAY HEALTH ALLIANCES, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameGATEWAY HEALTH ALLIANCES, INC. CASH BALANCE PLAN
Plan identification number 002

GATEWAY HEALTH ALLIANCES, INC. 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).

401k Sponsoring company profile

GATEWAY HEALTH ALLIANCES, INC. has sponsored the creation of one or more 401k plans.

Company Name:GATEWAY HEALTH ALLIANCES, INC.
Employer identification number (EIN):203239880
NAIC Classification:424210
NAIC Description:Drugs and Druggists' Sundries Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GATEWAY HEALTH ALLIANCES, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01SHIL KOTHARI2023-10-11
0022021-01-01SHIL KOTHARI2022-06-20
0022020-01-01SHIL KOTHARI2021-07-15
0022019-01-01SHIL KOTHARI2020-10-02
0022018-01-01SHIL KOTHARI2019-06-28
0022017-01-01SHIL KOTHARI2018-10-08
0022016-01-01SHIL KOTHARI2017-08-23
0022015-01-01SHIL KOHTARI2016-10-11
0022014-01-01SHIL KOHTARI2015-09-29
0022013-01-01SHIL KOHTARI2014-10-06
0022012-01-01SHIL KOHTARI2013-09-05
0022011-01-01SHIL KOHTARI2012-10-11
0022010-01-01SHIL KOHTARI2011-08-11

Plan Statistics for GATEWAY HEALTH ALLIANCES, INC. CASH BALANCE PLAN

401k plan membership statisitcs for GATEWAY HEALTH ALLIANCES, INC. CASH BALANCE PLAN

Measure Date Value
2022: GATEWAY HEALTH ALLIANCES, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-313,685,857
Acturial value of plan assets2022-12-313,685,857
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-310
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-312,668,320
Number of active participants2022-12-313
Total funding liabilities for active participants2022-12-312,668,320
Total participant count2022-12-313
Total funding target for all participants2022-12-312,668,320
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-311,191,254
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 balance2022-12-311,191,254
Present value of excess contributions2022-12-31144,306
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31151,882
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-31151,882
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 year2022-12-311,317,048
Total employer contributions2022-12-31245,100
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 date2022-12-31230,814
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 cost2022-12-31221,263
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31221,263
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31221,263
Contributions allocatedtoward minimum required contributions for current year2022-12-31230,814
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: GATEWAY HEALTH ALLIANCES, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-313,311,774
Acturial value of plan assets2021-12-313,311,774
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-311,685,077
Number of active participants2021-12-313
Total funding liabilities for active participants2021-12-311,685,077
Total participant count2021-12-313
Total funding target for all participants2021-12-311,685,077
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31775,272
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 balance2021-12-31775,272
Present value of excess contributions2021-12-31209,541
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31220,458
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-31220,458
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 year2021-12-311,191,254
Total employer contributions2021-12-31450,000
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 date2021-12-31424,329
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 cost2021-12-31715,466
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31280,023
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31280,023
Contributions allocatedtoward minimum required contributions for current year2021-12-31424,329
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: GATEWAY HEALTH ALLIANCES, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-312,407,076
Acturial value of plan assets2020-12-312,407,076
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-311,580,285
Number of active participants2020-12-313
Total funding liabilities for active participants2020-12-311,580,285
Total participant count2020-12-313
Total funding target for all participants2020-12-311,580,285
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31523,843
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 balance2020-12-31523,843
Present value of excess contributions2020-12-31161,539
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31170,181
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-31170,181
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 year2020-12-31775,272
Total employer contributions2020-12-31300,000
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 date2020-12-31285,713
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 cost2020-12-31127,691
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3176,172
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-3176,172
Contributions allocatedtoward minimum required contributions for current year2020-12-31285,713
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: GATEWAY HEALTH ALLIANCES, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,782,808
Acturial value of plan assets2019-12-311,782,808
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 target2019-12-311,536,443
Number of active participants2019-12-313
Total funding liabilities for active participants2019-12-311,536,443
Total participant count2019-12-313
Total funding target for all participants2019-12-311,536,443
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31658,089
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-31100,453
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31557,636
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 year2019-12-31523,843
Total employer contributions2019-12-31352,260
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 date2019-12-31330,078
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 cost2019-12-31138,533
Net shortfall amortization installment of oustanding balance2019-12-31146,227
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31168,539
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31168,539
Contributions allocatedtoward minimum required contributions for current year2019-12-31330,078
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: GATEWAY HEALTH ALLIANCES, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,810,570
Acturial value of plan assets2018-12-311,810,570
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-311,320,780
Number of active participants2018-12-313
Total funding liabilities for active participants2018-12-311,320,780
Total participant count2018-12-313
Total funding target for all participants2018-12-311,320,780
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31630,181
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-3130,992
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31599,189
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 year2018-12-31658,089
Total employer contributions2018-12-3175,000
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 date2018-12-3166,636
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 cost2018-12-31134,868
Net shortfall amortization installment of oustanding balance2018-12-31168,299
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31164,874
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-3198,238
Additional cash requirement2018-12-3166,636
Contributions allocatedtoward minimum required contributions for current year2018-12-3166,636
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: GATEWAY HEALTH ALLIANCES, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-311,536,081
Acturial value of plan assets2017-12-311,536,081
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 target2017-12-311,036,224
Number of active participants2017-12-313
Total funding liabilities for active participants2017-12-311,036,224
Total participant count2017-12-313
Total funding target for all participants2017-12-311,036,224
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31522,741
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 balance2017-12-31522,741
Present value of excess contributions2017-12-3166,959
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3171,057
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3171,057
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 year2017-12-31630,181
Total employer contributions2017-12-31127,800
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 date2017-12-31111,928
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 cost2017-12-31121,519
Net shortfall amortization installment of oustanding balance2017-12-31130,324
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31142,920
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-3130,992
Additional cash requirement2017-12-31111,928
Contributions allocatedtoward minimum required contributions for current year2017-12-31111,928
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: GATEWAY HEALTH ALLIANCES, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-311,376,506
Acturial value of plan assets2016-12-311,376,506
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-31960,536
Number of active participants2016-12-313
Total funding liabilities for active participants2016-12-31960,536
Total participant count2016-12-313
Total funding target for all participants2016-12-31960,536
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31674,413
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-31133,217
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-31541,196
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
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 year2016-12-31522,741
Total employer contributions2016-12-31200,000
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 date2016-12-31187,633
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 cost2016-12-31120,674
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31120,674
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31120,674
Contributions allocatedtoward minimum required contributions for current year2016-12-31187,633
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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