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SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameSOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC. CASH BALANCE PLAN
Plan identification number 002

SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, 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).
  • 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

SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC. has sponsored the creation of one or more 401k plans.

Company Name:SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC.
Employer identification number (EIN):204025479
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC.

Jurisdiction of Incorporation: California Department of State
Incorporation Date: 2006-01-03
Company Identification Number: C2845540
Legal Registered Office Address: 1504 Eureka Rd Ste 230

Roseville
United States of America (USA)
95661

More information about SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01SAMIR SHARMA2023-10-04
0022021-01-01SAMIR SHARMA2022-09-25
0022020-01-01SAMIR SHARMA2021-10-04
0022019-01-01SAMIR SHARMA2020-10-11
0022018-01-01SAMIR SHARMA2019-10-04
0022017-01-01SAMIR SHARMA2018-10-08
0022016-01-01SAMIR SHARMA2017-10-03
0022015-01-01SAMIR SHARMA2016-10-07
0022014-01-01SAMIR SHARMA2015-09-30
0022013-01-01SAMIR SHARMA2014-10-14

Plan Statistics for SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC. CASH BALANCE PLAN

401k plan membership statisitcs for SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC. CASH BALANCE PLAN

Measure Date Value
2022: SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-312,093,860
Acturial value of plan assets2022-12-312,093,860
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-314
Fundng target for terminated vested participants2022-12-318,039
Active participant vested funding target2022-12-311,928,103
Number of active participants2022-12-313
Total funding liabilities for active participants2022-12-311,928,103
Total participant count2022-12-317
Total funding target for all participants2022-12-311,936,142
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 contributions2022-12-31217,563
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31217,563
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 contributions2022-12-31229,900
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 date2022-12-31221,240
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 cost2022-12-31186,413
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3128,695
Additional cash requirement2022-12-3128,695
Contributions allocatedtoward minimum required contributions for current year2022-12-31221,240
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-312,091,208
Acturial value of plan assets2021-12-312,091,028
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-314
Fundng target for terminated vested participants2021-12-316,315
Active participant vested funding target2021-12-311,563,414
Number of active participants2021-12-314
Total funding liabilities for active participants2021-12-311,563,414
Total participant count2021-12-318
Total funding target for all participants2021-12-311,569,729
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
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 balance2021-12-310
Present value of excess contributions2021-12-31208,992
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31208,992
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 year2021-12-310
Total employer contributions2021-12-31226,267
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 date2021-12-31217,563
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 cost2021-12-31170,774
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31217,563
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,840,476
Acturial value of plan assets2020-12-311,840,476
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-314,869
Active participant vested funding target2020-12-311,356,306
Number of active participants2020-12-315
Total funding liabilities for active participants2020-12-311,356,796
Total participant count2020-12-317
Total funding target for all participants2020-12-311,361,665
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 contributions2020-12-31210,769
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31210,769
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 year2020-12-310
Total employer contributions2020-12-31217,334
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 date2020-12-31208,992
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 cost2020-12-31166,067
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31208,992
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,467,489
Acturial value of plan assets2019-12-311,467,489
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-312
Fundng target for terminated vested participants2019-12-314,318
Active participant vested funding target2019-12-311,059,532
Number of active participants2019-12-314
Total funding liabilities for active participants2019-12-311,059,532
Total participant count2019-12-316
Total funding target for all participants2019-12-311,063,850
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 contributions2019-12-31239,639
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31239,639
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 contributions2019-12-31219,370
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 date2019-12-31210,769
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 cost2019-12-31164,577
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31210,769
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,068,395
Acturial value of plan assets2018-12-311,068,395
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-313,727
Active participant vested funding target2018-12-31779,792
Number of active participants2018-12-313
Total funding liabilities for active participants2018-12-31779,792
Total participant count2018-12-315
Total funding target for all participants2018-12-31783,519
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 contributions2018-12-31201,728
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31201,728
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 contributions2018-12-31250,000
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 date2018-12-31239,639
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 cost2018-12-31170,613
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-31239,639
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31882,321
Acturial value of plan assets2017-12-31882,321
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-311,700
Active participant vested funding target2017-12-31544,261
Number of active participants2017-12-314
Total funding liabilities for active participants2017-12-31544,261
Total participant count2017-12-315
Total funding target for all participants2017-12-31545,961
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 contributions2017-12-31197,627
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31197,627
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 contributions2017-12-31210,751
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 date2017-12-31201,728
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 cost2017-12-31127,746
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31201,728
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: SOUTH BAY ORTHOPEDIC AND SPORTS MEDICINE CLINIC, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31618,945
Acturial value of plan assets2016-12-31618,945
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 target2016-12-31367,716
Number of active participants2016-12-315
Total funding liabilities for active participants2016-12-31368,095
Total participant count2016-12-315
Total funding target for all participants2016-12-31368,095
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-310
Present value of excess contributions2016-12-31191,962
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31191,962
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 year2016-12-310
Total employer contributions2016-12-31206,482
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 date2016-12-31197,627
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 cost2016-12-31115,377
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-31197,627
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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