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DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN 401k Plan overview

Plan NameDERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN
Plan identification number 001

DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION 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

DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. has sponsored the creation of one or more 401k plans.

Company Name:DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC.
Employer identification number (EIN):260361218
NAIC Classification:621399
NAIC Description:Offices of All Other Miscellaneous Health Practitioners

Additional information about DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC.

Jurisdiction of Incorporation: California Department of State
Incorporation Date: 2007-06-12
Company Identification Number: C3016144
Legal Registered Office Address: 230 Newport Ctr Dr Ste 200

Newport Beach
United States of America (USA)
92660

More information about DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01ANN VU2021-10-05
0012019-01-01ANN VU2020-09-30
0012018-01-01ANN VU2019-10-12
0012017-01-01ANN VU2018-10-08
0012016-01-01ANN VU2017-09-26
0012015-01-01ANN VU2016-08-09
0012014-01-01ANN VU2015-09-30

Plan Statistics for DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN

401k plan membership statisitcs for DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN

Measure Date Value
2022: DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-312,332,588
Acturial value of plan assets2022-12-312,332,588
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 target2022-12-311,954,211
Number of active participants2022-12-314
Total funding liabilities for active participants2022-12-311,954,211
Total participant count2022-12-314
Total funding target for all participants2022-12-311,954,211
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-31113,794
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31119,245
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 contributions2022-12-31250,600
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 date2022-12-31236,844
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 cost2022-12-31246,206
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31236,844
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-014
Total number of active participants reported on line 7a of the Form 55002022-01-014
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-311,840,768
Acturial value of plan assets2021-12-311,840,768
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 target2021-12-311,710,179
Number of active participants2021-12-314
Total funding liabilities for active participants2021-12-311,710,179
Total participant count2021-12-314
Total funding target for all participants2021-12-311,710,179
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 contributions2021-12-31137,132
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31144,277
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 contributions2021-12-31238,300
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 date2021-12-31225,260
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 cost2021-12-31242,055
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31111,466
Additional cash requirement2021-12-31111,466
Contributions allocatedtoward minimum required contributions for current year2021-12-31225,260
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-014
Total number of active participants reported on line 7a of the Form 55002021-01-014
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-311,475,235
Acturial value of plan assets2020-12-311,475,235
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 target2020-12-311,331,985
Number of active participants2020-12-314
Total funding liabilities for active participants2020-12-311,331,985
Total participant count2020-12-314
Total funding target for all participants2020-12-311,331,985
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 contributions2020-12-315,586
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-315,885
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 contributions2020-12-31234,200
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 date2020-12-31218,502
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 cost2020-12-31224,620
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3181,370
Additional cash requirement2020-12-3181,370
Contributions allocatedtoward minimum required contributions for current year2020-12-31218,502
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-31973,795
Acturial value of plan assets2019-12-31973,795
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 target2019-12-311,033,109
Number of active participants2019-12-313
Total funding liabilities for active participants2019-12-311,033,109
Total participant count2019-12-313
Total funding target for all participants2019-12-311,033,109
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 contributions2019-12-31115,121
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31121,476
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 contributions2019-12-31245,589
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 date2019-12-31230,272
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 cost2019-12-31215,048
Net shortfall amortization installment of oustanding balance2019-12-3159,314
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31224,686
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31224,686
Contributions allocatedtoward minimum required contributions for current year2019-12-31230,272
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-31943,817
Acturial value of plan assets2018-12-31943,817
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 target2018-12-31845,266
Number of active participants2018-12-313
Total funding liabilities for active participants2018-12-31845,266
Total participant count2018-12-313
Total funding target for all participants2018-12-31845,266
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-31143,615
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31151,830
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31225,500
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 date2018-12-31211,264
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 cost2018-12-31194,694
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3196,143
Additional cash requirement2018-12-3196,143
Contributions allocatedtoward minimum required contributions for current year2018-12-31211,264
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-31694,958
Acturial value of plan assets2017-12-31694,958
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 target2017-12-31585,202
Number of active participants2017-12-313
Total funding liabilities for active participants2017-12-31586,317
Total participant count2017-12-313
Total funding target for all participants2017-12-31586,317
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31149,630
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31158,473
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31239,180
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 date2017-12-31225,154
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 cost2017-12-31190,180
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3181,539
Additional cash requirement2017-12-3181,539
Contributions allocatedtoward minimum required contributions for current year2017-12-31225,154
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31476,944
Acturial value of plan assets2016-12-31476,944
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 target2016-12-31372,826
Number of active participants2016-12-313
Total funding liabilities for active participants2016-12-31372,826
Total participant count2016-12-313
Total funding target for all participants2016-12-31372,826
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 contributions2016-12-31140,095
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31148,655
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 contributions2016-12-31239,180
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 date2016-12-31224,726
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 cost2016-12-31179,214
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3175,096
Additional cash requirement2016-12-3175,096
Contributions allocatedtoward minimum required contributions for current year2016-12-31224,726
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

Financial Data on DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN

Measure Date Value
2022 : DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-65,239
Expenses. Total of all expenses incurred2022-12-31$13,899
Total plan assets at end of year2022-12-31$2,255,700
Total plan assets at beginning of year2022-12-31$2,334,838
Value of fidelity bond covering the plan2022-12-31$240,000
Other income received2022-12-31$-315,839
Net income (gross income less expenses)2022-12-31$-79,138
Net plan assets at end of year (total assets less liabilities)2022-12-31$2,255,700
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$2,334,838
Assets. Value of real-estate (other than employer real property)2022-12-31$150,000
Total contributions received or receivable from employer(s)2022-12-31$250,600
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$13,899
2021 : DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$502,633
Expenses. Total of all expenses incurred2021-12-31$11,992
Total plan assets at end of year2021-12-31$2,334,838
Total plan assets at beginning of year2021-12-31$1,844,197
Value of fidelity bond covering the plan2021-12-31$200,000
Other income received2021-12-31$264,333
Net income (gross income less expenses)2021-12-31$490,641
Net plan assets at end of year (total assets less liabilities)2021-12-31$2,334,838
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,844,197
Assets. Value of real-estate (other than employer real property)2021-12-31$150,000
Total contributions received or receivable from employer(s)2021-12-31$238,300
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$11,992
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0

Form 5500 Responses for DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN

2022: DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: DERMATOLOGY ASSOCIATES OF ORANGE COUNTY, INC. PENSION PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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