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SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 401k Plan overview

Plan NameSEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN
Plan identification number 002

SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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).
  • Money purchase (other than target benefit)
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Plan covering Self-Employed individuals.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SEQUOIA MEDICAL SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:SEQUOIA MEDICAL SERVICES, INC.
Employer identification number (EIN):261529838
NAIC Classification:621210
NAIC Description:Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022011-01-01TERRY WOOD TERRY WOOD2012-09-20
0022010-01-01TERRY WOOD TERRY WOOD2011-03-03
0022009-01-01TERRY WOOD DDS TERRY WOOD DDS2010-10-15
0022007-01-01TERRY WOOD TERRY WOOD2011-01-17

Plan Statistics for SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN

401k plan membership statisitcs for SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN

Measure Date Value
2025: SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-1046
Total number of particpants at end of year2025-10-1046
2024: SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2024 401k membership
Total number of particpants at beginning of year2024-08-2946
Total number of particpants at end of year2024-08-2944
2022: SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2022 401k membership
Market value of plan assets2022-12-31342,225
Acturial value of plan assets2022-12-31342,225
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-316
Fundng target for terminated vested participants2022-12-313,342
Active participant vested funding target2022-12-31293,324
Number of active participants2022-12-3134
Total funding liabilities for active participants2022-12-31293,324
Total participant count2022-12-3140
Total funding target for all participants2022-12-31296,666
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 contributions2022-12-3151,693
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3151,693
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 contributions2022-12-31337,682
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 date2022-12-31327,535
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 cost2022-12-31286,480
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31240,921
Additional cash requirement2022-12-31240,921
Contributions allocatedtoward minimum required contributions for current year2022-12-31327,535
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total number of particpants at beginning of year2022-07-1535
Total number of particpants at end of year2022-07-1536
2021: SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2021 401k membership
Market value of plan assets2021-12-310
Acturial value of plan assets2021-12-310
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-316
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-310
Number of active participants2021-12-3130
Total funding liabilities for active participants2021-12-310
Total participant count2021-12-3136
Total funding target for all participants2021-12-310
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 contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-31335,994
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 date2021-12-31329,385
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 cost2021-12-31277,692
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31277,692
Additional cash requirement2021-12-31277,692
Contributions allocatedtoward minimum required contributions for current year2021-12-31329,385
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2011: SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011
Total number of active participants reported on line 7a of the Form 55002011-01-010
Total of all active and inactive participants2011-01-010
Total participants2011-01-010
Number of participants with account balances2011-01-010
2010: SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0114
Total number of active participants reported on line 7a of the Form 55002010-01-011
Total of all active and inactive participants2010-01-011
Total participants2010-01-011
2009: SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0115
Total number of active participants reported on line 7a of the Form 55002009-01-0111
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-013
Total of all active and inactive participants2009-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0114
Number of participants with account balances2009-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010
2007: SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2007 401k membership
Total participants, beginning-of-year2007-01-0117
Total number of active participants reported on line 7a of the Form 55002007-01-0115
Number of other retired or separated participants entitled to future benefits2007-01-012
Total of all active and inactive participants2007-01-0117
Total participants2007-01-0117
Number of participants with account balances2007-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-01-010

Financial Data on SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN

Measure Date Value
2025 : SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-10-100
Total expenses incurred by plan in this plan year2025-10-100
Net assets as of the end of the plan year2025-10-101273335
Total assets as of the beginning of the plan year2025-10-101061761
Value of plan covered by a fidelity bond2025-10-10500000
Other income to plan in this plan year2025-10-1058806
Plan net income in this plan year2025-10-10211574
Net assets as of the end of the plan year2025-10-101273335
Net assets as of the beginning of the plan year2025-10-101061761
Employer contributions to plan in this plan year2025-10-10152768
2024 : SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-08-290
Total liabilities as of the end of the plan year2024-08-290
Total liabilities as of the beginning of the plan year2024-08-290
Total expenses incurred by plan in this plan year2024-08-292175
Net assets as of the end of the plan year2024-08-291061761
Total assets as of the beginning of the plan year2024-08-29679906
Value of plan covered by a fidelity bond2024-08-29500000
Participant contributions to plan in this plan year2024-08-290
Other expenses paid from plan in this plan year2024-08-290
Other contributions to plan in this plan year2024-08-290
Other income to plan in this plan year2024-08-2933934
Plan net income in this plan year2024-08-29381855
Net assets as of the end of the plan year2024-08-291061761
Net assets as of the beginning of the plan year2024-08-29679906
Employer contributions to plan in this plan year2024-08-29350096
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-290
2022 : SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-150
Net assets as of the end of the plan year2022-07-15335994
Total assets as of the beginning of the plan year2022-07-150
Plan net income in this plan year2022-07-15335994
Net assets as of the end of the plan year2022-07-15335994
Net assets as of the beginning of the plan year2022-07-150
Employer contributions to plan in this plan year2022-07-15335994
2011 : SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2011 401k financial data
Total income from all sources2011-12-31$0
Expenses. Total of all expenses incurred2011-12-31$16,967
Benefits paid (including direct rollovers)2011-12-31$16,967
Total plan assets at beginning of year2011-12-31$16,967
Net income (gross income less expenses)2011-12-31$-16,967
Net plan assets at end of year (total assets less liabilities)2011-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$16,967
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$0
Amount contributed by the employer to the plan for this plan year2011-12-31$0
2010 : SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2010 401k financial data
Total income from all sources2010-12-31$22,236
Expenses. Total of all expenses incurred2010-12-31$1,479,185
Benefits paid (including direct rollovers)2010-12-31$1,473,239
Total plan assets at end of year2010-12-31$16,967
Total plan assets at beginning of year2010-12-31$1,473,916
Value of fidelity bond covering the plan2010-12-31$305,000
Expenses. Other expenses not covered elsewhere2010-12-31$5,946
Other income received2010-12-31$22,236
Net income (gross income less expenses)2010-12-31$-1,456,949
Net plan assets at end of year (total assets less liabilities)2010-12-31$16,967
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,473,916
Total contributions received or receivable from employer(s)2010-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0
2009 : SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN

2011: SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingYes
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes
2007: SEQUOIA SERVICES COMPANY, LTD MONEY PURCHASE PLAN 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01Submission has been amendedNo
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo
2007-01-01Plan funding arrangement – TrustYes
2007-01-01Plan benefit arrangement - TrustYes

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