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THE CENTER FOR FUNCTIONAL RESTORATION OF THE SPINE, LLC CASH BALANCE PLAN 401k Plan overview

Plan NameTHE CENTER FOR FUNCTIONAL RESTORATION OF THE SPINE, LLC CASH BALANCE PLAN
Plan identification number 002

THE CENTER FOR FUNCTIONAL RESTORATION OF THE SPINE, LLC 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

THE CENTER FOR FUNCTIONAL RESTORATION OF THE SPINE, LLC has sponsored the creation of one or more 401k plans.

Company Name:THE CENTER FOR FUNCTIONAL RESTORATION OF THE SPINE, LLC
Employer identification number (EIN):263496674
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CENTER FOR FUNCTIONAL RESTORATION OF THE SPINE, LLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01MARC MENKOWITZ2023-10-10 MARC MENKOWITZ2023-10-10
0022021-01-01
0022020-01-01
0022019-01-01STEVEN PARAGIOUDAKIS2020-10-09 STEVEN PARAGIOUDAKIS2020-10-09
0022018-01-01STEVEN PARAGIOUDAKIS2019-06-22 STEVEN PARAGIOUDAKIS2019-06-22
0022017-01-01STEVEN PARAGIOUDAKIS2018-08-23 STEVEN PARAGIOUDAKIS2018-08-23
0022016-01-01STEVEN PARAGIOUDAKIS2017-10-16 STEVEN PARAGIOUDAKIS2017-10-16
0022015-01-01STEVEN PARAGIOUDAKIS2016-07-08 STEVEN PARAGIOUDAKIS2016-07-08
0022014-01-01STEVE PARAGIOUDAKIS2015-10-03 STEVE PARAGIOUDAKIS2015-10-03
0022013-01-01STEVE PARAGIOUDAKIS2014-10-14 STEVE PARAGIOUDAKIS2014-10-14
0022012-01-01STEVE PARAGIOUDAKIS2013-08-26
0022011-01-01STEVE PARAGIOUDAKIS2012-07-04
0022010-01-01STEVE PARAGIOUDAKIS2011-10-10

Plan Statistics for THE CENTER FOR FUNCTIONAL RESTORATION OF THE SPINE, LLC CASH BALANCE PLAN

401k plan membership statisitcs for THE CENTER FOR FUNCTIONAL RESTORATION OF THE SPINE, LLC CASH BALANCE PLAN

Measure Date Value
2021: THE CENTER FOR FUNCTIONAL RESTORATION OF THE SPINE, LLC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-313,018,364
Acturial value of plan assets2021-12-313,018,364
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-312
Fundng target for terminated vested participants2021-12-311,884
Active participant vested funding target2021-12-312,829,919
Number of active participants2021-12-3115
Total funding liabilities for active participants2021-12-312,829,919
Total participant count2021-12-3117
Total funding target for all participants2021-12-312,831,803
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31125,504
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-317,217
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31118,287
Present value of excess contributions2021-12-311
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-311
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 year2021-12-31123,574
Total employer contributions2021-12-31508,622
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 date2021-12-31502,649
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
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 cost2021-12-31204,345
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31147,421
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31147,421
Contributions allocatedtoward minimum required contributions for current year2021-12-31502,649
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: THE CENTER FOR FUNCTIONAL RESTORATION OF THE SPINE, LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-312,355,508
Acturial value of plan assets2020-12-312,355,508
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-31273
Active participant vested funding target2020-12-312,451,936
Number of active participants2020-12-3114
Total funding liabilities for active participants2020-12-312,451,936
Total participant count2020-12-3115
Total funding target for all participants2020-12-312,452,209
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31173,070
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-3151,997
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31121,073
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
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 year2020-12-31125,504
Total employer contributions2020-12-31218,969
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 date2020-12-31214,012
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
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 cost2020-12-31200,113
Net shortfall amortization installment of oustanding balance2020-12-31229,133
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31221,626
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-317,615
Additional cash requirement2020-12-31214,011
Contributions allocatedtoward minimum required contributions for current year2020-12-31214,012
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: THE CENTER FOR FUNCTIONAL RESTORATION OF THE SPINE, LLC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,896,300
Acturial value of plan assets2019-12-311,896,300
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-313
Fundng target for terminated vested participants2019-12-3119,013
Active participant vested funding target2019-12-312,053,535
Number of active participants2019-12-3111
Total funding liabilities for active participants2019-12-312,053,535
Total participant count2019-12-3114
Total funding target for all participants2019-12-312,072,548
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31340,778
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-3127,209
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31313,569
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
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 elections2019-12-31150,000
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31173,070
Total employer contributions2019-12-31217,776
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 date2019-12-31199,100
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 cost2019-12-31188,582
Net shortfall amortization installment of oustanding balance2019-12-31349,318
Total funding amount beforereflecting carryover/prefunding balances2019-12-31251,097
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-3151,997
Additional cash requirement2019-12-31199,100
Contributions allocatedtoward minimum required contributions for current year2019-12-31199,100
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: THE CENTER FOR FUNCTIONAL RESTORATION OF THE SPINE, LLC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,701,949
Acturial value of plan assets2018-12-311,701,949
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-313
Fundng target for terminated vested participants2018-12-3112,458
Active participant vested funding target2018-12-311,645,338
Number of active participants2018-12-3110
Total funding liabilities for active participants2018-12-311,645,338
Total participant count2018-12-3113
Total funding target for all participants2018-12-311,657,796
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31493,352
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31493,352
Present value of excess contributions2018-12-3138,528
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3140,878
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-31210,000
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31340,778
Total employer contributions2018-12-31214,253
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 date2018-12-31196,573
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
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 cost2018-12-31175,358
Net shortfall amortization installment of oustanding balance2018-12-31296,625
Total funding amount beforereflecting carryover/prefunding balances2018-12-31223,782
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-3127,209
Additional cash requirement2018-12-31196,573
Contributions allocatedtoward minimum required contributions for current year2018-12-31196,573
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: THE CENTER FOR FUNCTIONAL RESTORATION OF THE SPINE, LLC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-311,403,191
Acturial value of plan assets2017-12-311,403,191
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-319,588
Active participant vested funding target2017-12-311,225,880
Number of active participants2017-12-319
Total funding liabilities for active participants2017-12-311,225,880
Total participant count2017-12-3111
Total funding target for all participants2017-12-311,235,468
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31406,546
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 balance2017-12-31406,546
Present value of excess contributions2017-12-3148,555
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3151,599
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3151,599
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 year2017-12-31493,352
Total employer contributions2017-12-31210,086
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 date2017-12-31191,301
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
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 cost2017-12-31152,773
Net shortfall amortization installment of oustanding balance2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31152,773
Additional cash requirement2017-12-31152,773
Contributions allocatedtoward minimum required contributions for current year2017-12-31191,301
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: THE CENTER FOR FUNCTIONAL RESTORATION OF THE SPINE, LLC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-311,164,922
Acturial value of plan assets2016-12-311,164,922
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-311,687
Active participant vested funding target2016-12-31988,898
Number of active participants2016-12-317
Total funding liabilities for active participants2016-12-31988,898
Total participant count2016-12-318
Total funding target for all participants2016-12-31990,585
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31322,115
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 balance2016-12-31322,115
Present value of excess contributions2016-12-3154,028
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3157,502
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3157,502
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 year2016-12-31406,546
Total employer contributions2016-12-31210,703
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 date2016-12-31193,850
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 cost2016-12-31145,295
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 balances2016-12-31145,295
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31145,295
Contributions allocatedtoward minimum required contributions for current year2016-12-31193,850
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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