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WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 401k Plan overview

Plan NameWEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN
Plan identification number 002

WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT 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

WEST GEORGIA HEALTH SPECIALISTS, L.L.C. has sponsored the creation of one or more 401k plans.

Company Name:WEST GEORGIA HEALTH SPECIALISTS, L.L.C.
Employer identification number (EIN):205950394
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01
0022013-01-01
0022012-01-01MERNA MICHELLE VERA, M.D. MERNA MICHELLE VERA, M.D.2013-10-15
0022011-01-01MERNA MICHELLE VERA, M.D.2012-08-28 MERNA MICHELLE VERA, M.D.2012-08-28
0022010-01-01MERNA MICHELLE VERA, M.D.2011-10-13 MERNA MICHELLE VERA, M.D.2011-10-13

Plan Statistics for WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN

401k plan membership statisitcs for WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN

Measure Date Value
2017: WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-31768,958
Acturial value of plan assets2017-12-31768,958
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-313
Fundng target for terminated vested participants2017-12-311,359
Active participant vested funding target2017-12-31728,500
Number of active participants2017-12-317
Total funding liabilities for active participants2017-12-31728,500
Total participant count2017-12-3110
Total funding target for all participants2017-12-31729,859
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 contributions2017-12-319,145
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-319,145
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 contributions2017-12-31150,000
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 date2017-12-31154,838
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 cost2017-12-31153,985
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31114,886
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31114,886
Contributions allocatedtoward minimum required contributions for current year2017-12-31154,838
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-31551,548
Acturial value of plan assets2016-12-31551,548
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 target2016-12-31541,639
Number of active participants2016-12-317
Total funding liabilities for active participants2016-12-31542,178
Total participant count2016-12-317
Total funding target for all participants2016-12-31542,178
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 contributions2016-12-3135,798
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3135,798
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 contributions2016-12-31154,212
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 date2016-12-31154,105
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 cost2016-12-31154,330
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 balances2016-12-31144,960
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31144,960
Contributions allocatedtoward minimum required contributions for current year2016-12-31154,105
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-014
Total number of active participants reported on line 7a of the Form 55002016-01-017
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-014
Total number of active participants reported on line 7a of the Form 55002015-01-017
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-014
Total number of active participants reported on line 7a of the Form 55002014-01-014
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012
2013: WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-017
Total number of active participants reported on line 7a of the Form 55002013-01-012
Number of retired or separated participants receiving benefits2013-01-012
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-015
Total number of active participants reported on line 7a of the Form 55002012-01-016
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-011

Financial Data on WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN

Measure Date Value
2016 : WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$115
Total plan liabilities at beginning of year2016-12-31$115
Total income from all sources2016-12-31$154,774
Expenses. Total of all expenses incurred2016-12-31$50
Total plan assets at end of year2016-12-31$706,101
Total plan assets at beginning of year2016-12-31$551,377
Value of fidelity bond covering the plan2016-12-31$85,000
Other income received2016-12-31$562
Net income (gross income less expenses)2016-12-31$154,724
Net plan assets at end of year (total assets less liabilities)2016-12-31$705,986
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$551,262
Total contributions received or receivable from employer(s)2016-12-31$154,212
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$50
2015 : WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$115
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$184,398
Expenses. Total of all expenses incurred2015-12-31$6,327
Benefits paid (including direct rollovers)2015-12-31$115
Total plan assets at end of year2015-12-31$551,377
Total plan assets at beginning of year2015-12-31$373,191
Value of fidelity bond covering the plan2015-12-31$85,000
Other income received2015-12-31$1,513
Net income (gross income less expenses)2015-12-31$178,071
Net plan assets at end of year (total assets less liabilities)2015-12-31$551,262
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$373,191
Total contributions received or receivable from employer(s)2015-12-31$182,885
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$6,212
2014 : WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$68,826
Expenses. Total of all expenses incurred2014-12-31$12,723
Benefits paid (including direct rollovers)2014-12-31$5,189
Total plan assets at end of year2014-12-31$373,191
Total plan assets at beginning of year2014-12-31$317,088
Value of fidelity bond covering the plan2014-12-31$40,000
Other income received2014-12-31$17,076
Net income (gross income less expenses)2014-12-31$56,103
Net plan assets at end of year (total assets less liabilities)2014-12-31$373,191
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$317,088
Total contributions received or receivable from employer(s)2014-12-31$51,750
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$7,534
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$93,527
Expenses. Total of all expenses incurred2013-12-31$5,298
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$317,088
Total plan assets at beginning of year2013-12-31$228,859
Total contributions received or receivable from participants2013-12-31$0
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$43,812
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$88,229
Net plan assets at end of year (total assets less liabilities)2013-12-31$317,088
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$228,859
Total contributions received or receivable from employer(s)2013-12-31$49,715
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$5,298
2012 : WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2012 401k financial data
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$127,676
Expenses. Total of all expenses incurred2012-12-31$5,459
Benefits paid (including direct rollovers)2012-12-31$0
Total plan assets at end of year2012-12-31$228,859
Total plan assets at beginning of year2012-12-31$106,642
Total contributions received or receivable from participants2012-12-31$0
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$16,676
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$122,217
Net plan assets at end of year (total assets less liabilities)2012-12-31$228,859
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$106,642
Total contributions received or receivable from employer(s)2012-12-31$111,000
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$5,459

Form 5500 Responses for WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN

2016: WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: WEST GEORGIA HEALTH SPECIALISTS, LLC DEFINED BENEFIT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

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