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DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameDAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN
Plan identification number 002

DAVID R. PEARCE, DDS, PC CASH BALANCE 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).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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

DAVID R. PEARCE, DDS, PC has sponsored the creation of one or more 401k plans.

Company Name:DAVID R. PEARCE, DDS, PC
Employer identification number (EIN):260636719
NAIC Classification:621210
NAIC Description:Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01DAVID R. PEARCE2018-07-18
0022016-01-01DAVID R. PEARCE2017-09-19
0022015-01-01DAVID R. PEARCE2016-07-08
0022014-01-01DAVID R. PEARCE2015-04-15
0022013-01-01DAVID R. PEARCE
0022012-01-01DAVID R. PEARCE

Plan Statistics for DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN

401k plan membership statisitcs for DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN

Measure Date Value
2021: DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-10-182,136,437
Acturial value of plan assets2021-10-182,136,437
Funding target for retired participants and beneficiaries receiving payment2021-10-180
Number of terminated vested participants2021-10-183
Fundng target for terminated vested participants2021-10-1844,973
Active participant vested funding target2021-10-181,584,666
Number of active participants2021-10-186
Total funding liabilities for active participants2021-10-181,584,666
Total participant count2021-10-189
Total funding target for all participants2021-10-181,629,639
Balance at beginning of prior year after applicable adjustments2021-10-180
Prefunding balance at beginning of prior year after applicable adjustments2021-10-180
Carryover balanced portion elected for use to offset prior years funding requirement2021-10-180
Prefunding balanced used to offset prior years funding requirement2021-10-180
Amount remaining of carryover balance2021-10-180
Amount remaining of prefunding balance2021-10-180
Present value of excess contributions2021-10-180
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-10-180
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-10-180
Reductions in caryover balances due to elections or deemed elections2021-10-180
Reductions in prefunding balances due to elections or deemed elections2021-10-180
Balance of carryovers at beginning of current year2021-10-180
Balance of prefunding at beginning of current year2021-10-180
Total employer contributions2021-10-18160,000
Total employee contributions2021-10-180
Contributions allocated toward unpaid minimum require contributions from prior years2021-10-180
Contributions made to avoid restrictions adjusted to valuation date2021-10-180
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-10-18159,137
Unpaid minimum required contributions for all prior years2021-10-180
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-10-180
Remaining amount of unpaid minimum required contributions2021-10-180
Minimum required contributions for current year target normal cost2021-10-18100,413
Net shortfall amortization installment of oustanding balance2021-10-180
Waiver amortization installment2021-10-180
Total funding amount beforereflecting carryover/prefunding balances2021-10-180
Carryover balance elected to use to offset funding requirement2021-10-180
Prefunding balance elected to use to offset funding requirement2021-10-180
Additional cash requirement2021-10-180
Contributions allocatedtoward minimum required contributions for current year2021-10-18159,137
Unpaid minimum required contributions for current year2021-10-180
Unpaid minimum required contributions for all years2021-10-180
2020: DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-312,136,437
Acturial value of plan assets2020-12-312,136,437
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-314
Fundng target for terminated vested participants2020-12-3150,464
Active participant vested funding target2020-12-311,516,288
Number of active participants2020-12-316
Total funding liabilities for active participants2020-12-311,516,288
Total participant count2020-12-3110
Total funding target for all participants2020-12-311,566,752
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 contributions2020-12-31122,902
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31122,902
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 contributions2020-12-310
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 cost2020-12-31107,195
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: DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-311,660,361
Acturial value of plan assets2019-12-311,660,361
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-312
Fundng target for terminated vested participants2019-12-3114,177
Active participant vested funding target2019-12-311,379,126
Number of active participants2019-12-317
Total funding liabilities for active participants2019-12-311,379,126
Total participant count2019-12-319
Total funding target for all participants2019-12-311,393,303
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 contributions2019-12-31126,070
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31126,070
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 contributions2019-12-31120,000
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 date2019-12-31122,902
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 cost2019-12-31108,961
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 year2019-12-31122,902
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-311,220,543
Acturial value of plan assets2018-12-311,220,543
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-315,858
Active participant vested funding target2018-12-311,370,282
Number of active participants2018-12-319
Total funding liabilities for active participants2018-12-311,376,140
Total participant count2018-12-3110
Total funding target for all participants2018-12-311,381,998
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 contributions2018-12-31139,229
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31139,229
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 contributions2018-12-31157,941
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 date2018-12-31159,144
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 cost2018-12-316,716
Net shortfall amortization installment of oustanding balance2018-12-31161,455
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3133,074
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-3133,074
Contributions allocatedtoward minimum required contributions for current year2018-12-31159,144
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-311,150,731
Acturial value of plan assets2017-12-311,150,731
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 target2017-12-31983,579
Number of active participants2017-12-319
Total funding liabilities for active participants2017-12-31983,579
Total participant count2017-12-319
Total funding target for all participants2017-12-31983,579
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 contributions2017-12-31126,864
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31126,864
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 contributions2017-12-31167,902
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 date2017-12-31167,901
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 cost2017-12-31195,824
Total funding amount beforereflecting carryover/prefunding balances2017-12-3128,672
Additional cash requirement2017-12-3128,672
Contributions allocatedtoward minimum required contributions for current year2017-12-31167,901
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31849,646
Acturial value of plan assets2016-12-31849,646
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 target2016-12-31716,997
Number of active participants2016-12-319
Total funding liabilities for active participants2016-12-31717,797
Total participant count2016-12-319
Total funding target for all participants2016-12-31717,797
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 contributions2016-12-31126,195
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31126,195
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 contributions2016-12-31175,247
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 date2016-12-31174,580
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 cost2016-12-31179,565
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3147,716
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3147,716
Contributions allocatedtoward minimum required contributions for current year2016-12-31174,580
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
2013: DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-019
Total number of active participants reported on line 7a of the Form 55002013-01-019
Number of retired or separated participants receiving benefits2013-01-011
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0110
Number of participants with account balances2013-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-010
Total number of active participants reported on line 7a of the Form 55002012-01-0110
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0110
Number of participants with account balances2012-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN

Measure Date Value
2013 : DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN 2013 401k financial data
Total income from all sources2013-12-31$189,454
Total plan assets at end of year2013-12-31$368,332
Total plan assets at beginning of year2013-12-31$178,878
Other income received2013-12-31$21,454
Net income (gross income less expenses)2013-12-31$189,454
Net plan assets at end of year (total assets less liabilities)2013-12-31$368,332
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$178,878
Total contributions received or receivable from employer(s)2013-12-31$168,000
2012 : DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN 2012 401k financial data
Total income from all sources2012-12-31$178,878
Total plan assets at end of year2012-12-31$178,878
Net income (gross income less expenses)2012-12-31$178,878
Net plan assets at end of year (total assets less liabilities)2012-12-31$178,878
Total contributions received or receivable from employer(s)2012-12-31$178,878

Form 5500 Responses for DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN

2013: DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: DAVID R. PEARCE, DDS, PC CASH BALANCE PENSION PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01First time form 5500 has been submittedYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

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