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OSCAR J. GARCIA DEFINED BENEFIT PLAN 401k Plan overview

Plan NameOSCAR J. GARCIA DEFINED BENEFIT PLAN
Plan identification number 002

OSCAR J. GARCIA 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.

401k Sponsoring company profile

OSCAR J. GARCIA, MD, PA has sponsored the creation of one or more 401k plans.

Company Name:OSCAR J. GARCIA, MD, PA
Employer identification number (EIN):203935738
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OSCAR J. GARCIA DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-01-01DR. OSCAR J. GARCIA2022-07-22
0022020-01-01DR. OSCAR J. GARCIA2021-05-28
0022019-01-01OSCAR J. GARCIA2020-07-14
0022019-01-01OSCAR J. GARCIA2021-05-28
0022018-01-01OSCAR J. GARCIA2019-07-18

Plan Statistics for OSCAR J. GARCIA DEFINED BENEFIT PLAN

401k plan membership statisitcs for OSCAR J. GARCIA DEFINED BENEFIT PLAN

Measure Date Value
2022: OSCAR J. GARCIA DEFINED BENEFIT PLAN 2022 401k membership
Total number of particpants at beginning of year2022-07-222
Total number of particpants at end of year2022-07-221
2021: OSCAR J. GARCIA DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets2021-12-312,650,776
Acturial value of plan assets2021-12-312,650,776
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-311
Fundng target for terminated vested participants2021-12-31258
Active participant vested funding target2021-12-312,261,995
Number of active participants2021-12-311
Total funding liabilities for active participants2021-12-312,261,995
Total participant count2021-12-312
Total funding target for all participants2021-12-312,262,253
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31418,508
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 balance2021-12-31418,508
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
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 year2021-12-31382,558
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 cost2021-12-31355,917
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31349,952
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-31349,952
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: OSCAR J. GARCIA DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-12-312,899,840
Acturial value of plan assets2020-12-312,899,840
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-31246
Active participant vested funding target2020-12-311,984,387
Number of active participants2020-12-311
Total funding liabilities for active participants2020-12-311,984,387
Total participant count2020-12-312
Total funding target for all participants2020-12-311,984,633
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31365,095
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 balance2020-12-31365,095
Present value of excess contributions2020-12-31320,290
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31332,301
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 year2020-12-31418,508
Total employer contributions2020-12-310
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 date2020-12-310
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 cost2020-12-31283,484
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 year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: OSCAR J. GARCIA DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-312,170,641
Acturial value of plan assets2019-12-312,170,641
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 target2019-12-311,582,785
Number of active participants2019-12-312
Total funding liabilities for active participants2019-12-311,583,483
Total participant count2019-12-312
Total funding target for all participants2019-12-311,583,483
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31383,987
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 balance2019-12-31383,987
Present value of excess contributions2019-12-31302,125
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31313,968
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 year2019-12-31365,095
Total employer contributions2019-12-31364,302
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 date2019-12-31364,302
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 cost2019-12-31264,563
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3142,500
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-3142,500
Contributions allocatedtoward minimum required contributions for current year2019-12-31364,302
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: OSCAR J. GARCIA DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets2018-12-311,799,696
Acturial value of plan assets2018-12-311,799,696
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 target2018-12-311,304,210
Number of active participants2018-12-311
Total funding liabilities for active participants2018-12-311,304,210
Total participant count2018-12-311
Total funding target for all participants2018-12-311,304,210
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31340,535
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 balance2018-12-31340,535
Present value of excess contributions2018-12-318,726
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-319,089
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 year2018-12-31383,987
Total employer contributions2018-12-31464,302
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 date2018-12-31451,469
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 cost2018-12-31260,842
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31149,343
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31149,343
Contributions allocatedtoward minimum required contributions for current year2018-12-31451,469
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310

Financial Data on OSCAR J. GARCIA DEFINED BENEFIT PLAN

Measure Date Value
2022 : OSCAR J. GARCIA DEFINED BENEFIT PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-220
Total liabilities as of the end of the plan year2022-07-220
Total liabilities as of the beginning of the plan year2022-07-220
Total expenses incurred by plan in this plan year2022-07-2213502
Net assets as of the end of the plan year2022-07-223107022
Total assets as of the beginning of the plan year2022-07-222650776
Participant contributions to plan in this plan year2022-07-220
Other expenses paid from plan in this plan year2022-07-220
Other contributions to plan in this plan year2022-07-220
Other income to plan in this plan year2022-07-22469748
Plan net income in this plan year2022-07-22456246
Net assets as of the end of the plan year2022-07-223107022
Net assets as of the beginning of the plan year2022-07-222650776
Employer contributions to plan in this plan year2022-07-220
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-2213046

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