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DEFINED BENEFIT PLAN FOR KEVIN OLIN, PH.D. 401k Plan overview

Plan NameDEFINED BENEFIT PLAN FOR KEVIN OLIN, PH.D.
Plan identification number 002

DEFINED BENEFIT PLAN FOR KEVIN OLIN, PH.D. Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • 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

KEVIN S. OLIN, PLLC has sponsored the creation of one or more 401k plans.

Company Name:KEVIN S. OLIN, PLLC
Employer identification number (EIN):270232479
NAIC Classification:621112
NAIC Description:Offices of Physicians, Mental Health Specialists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DEFINED BENEFIT PLAN FOR KEVIN OLIN, PH.D.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01DR. KEVIN OLIN2023-06-20
0022021-01-01DR. KEVIN OLIN2022-10-17

Plan Statistics for DEFINED BENEFIT PLAN FOR KEVIN OLIN, PH.D.

401k plan membership statisitcs for DEFINED BENEFIT PLAN FOR KEVIN OLIN, PH.D.

Measure Date Value
2022: DEFINED BENEFIT PLAN FOR KEVIN OLIN, PH.D. 2022 401k membership
Market value of plan assets2022-12-31315,877
Acturial value of plan assets2022-12-31315,877
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 target2022-12-31164,430
Number of active participants2022-12-312
Total funding liabilities for active participants2022-12-31411,075
Total participant count2022-12-312
Total funding target for all participants2022-12-31411,075
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 contributions2022-12-3139,883
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3139,883
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 contributions2022-12-31323,920
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 date2022-12-31319,908
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 cost2022-12-31219,296
Net shortfall amortization installment of oustanding balance2022-12-3195,197
Total funding amount beforereflecting carryover/prefunding balances2022-12-31228,093
Additional cash requirement2022-12-31228,093
Contributions allocatedtoward minimum required contributions for current year2022-12-31319,908
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: DEFINED BENEFIT PLAN FOR KEVIN OLIN, PH.D. 2021 401k membership
Market value of plan assets2021-12-31263,857
Acturial value of plan assets2021-12-31263,857
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 target2021-12-3136,809
Number of active participants2021-12-312
Total funding liabilities for active participants2021-12-31184,043
Total participant count2021-12-312
Total funding target for all participants2021-12-31184,043
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 contributions2021-12-3148,328
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3148,328
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 contributions2021-12-31140,264
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 date2021-12-31143,375
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 cost2021-12-31183,306
Net shortfall amortization installment of oustanding balance2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31103,492
Additional cash requirement2021-12-31103,492
Contributions allocatedtoward minimum required contributions for current year2021-12-31143,375
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310

Potentially related plans

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