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NEW MEXICO PAIN & SPINE INSTITUTE, P.C. CASH BALANCE PLAN 401k Plan overview

Plan NameNEW MEXICO PAIN & SPINE INSTITUTE, P.C. CASH BALANCE PLAN
Plan identification number 002

NEW MEXICO PAIN & SPINE INSTITUTE, P.C. 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).
  • 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).

401k Sponsoring company profile

NEW MEXICO PAIN AND SPINE INSTITUTE, P.C. has sponsored the creation of one or more 401k plans.

Company Name:NEW MEXICO PAIN AND SPINE INSTITUTE, P.C.
Employer identification number (EIN):270787989
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW MEXICO PAIN & SPINE INSTITUTE, P.C. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01ROBERT ZUNIGA2023-08-16 ROBERT ZUNIGA2023-08-16
0022022-01-01ROBERT ZUNIGA2023-08-16
0022021-01-01ROBERT ZUNIGA2022-10-17 ROBERT ZUNIGA2022-10-17
0022020-01-01ROBERTO ZUNIGA2021-09-16 ROBERTO ZUNIGA2021-09-16
0022019-01-01ROBERT ZUNIGA2020-07-09 ROBERT ZUNIGA2020-07-09
0022018-01-01ROBERT ZUNIGA2019-09-17 ROBERT ZUNIGA2019-09-17
0022017-01-01ROBERT ZUNIGA2018-09-17 ROBERT ZUNIGA2018-09-17
0022016-01-01ROBERT ZUNIGA2017-09-13 ROBERT ZUNIGA2017-09-13
0022015-01-01ROBERTO ZUNIGA2016-09-21 ROBERTO ZUNIGA2016-09-21
0022014-01-01ROBERTO ZUNIGA2015-09-23
0022013-01-01WILLIAM WAGNER2014-09-29
0022012-01-01WILLIAM WAGNER2013-08-13
0022011-01-01WILLIAM WAGNER2012-09-19

Plan Statistics for NEW MEXICO PAIN & SPINE INSTITUTE, P.C. CASH BALANCE PLAN

401k plan membership statisitcs for NEW MEXICO PAIN & SPINE INSTITUTE, P.C. CASH BALANCE PLAN

Measure Date Value
2023: NEW MEXICO PAIN & SPINE INSTITUTE, P.C. CASH BALANCE PLAN 2023 401k membership
Market value of plan assets2023-07-102,176,201
Acturial value of plan assets2023-07-102,176,201
Funding target for retired participants and beneficiaries receiving payment2023-07-100
Number of terminated vested participants2023-07-106
Fundng target for terminated vested participants2023-07-10202,883
Active participant vested funding target2023-07-101,832,172
Number of active participants2023-07-101
Total funding liabilities for active participants2023-07-101,832,172
Total participant count2023-07-107
Total funding target for all participants2023-07-102,035,055
Balance at beginning of prior year after applicable adjustments2023-07-100
Prefunding balance at beginning of prior year after applicable adjustments2023-07-100
Carryover balanced portion elected for use to offset prior years funding requirement2023-07-100
Prefunding balanced used to offset prior years funding requirement2023-07-100
Amount remaining of carryover balance2023-07-100
Amount remaining of prefunding balance2023-07-100
Present value of excess contributions2023-07-10141,886
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-07-10141,886
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-07-100
Reductions in caryover balances due to elections or deemed elections2023-07-100
Reductions in prefunding balances due to elections or deemed elections2023-07-100
Balance of carryovers at beginning of current year2023-07-100
Balance of prefunding at beginning of current year2023-07-100
Total employer contributions2023-07-100
Total employee contributions2023-07-100
Contributions allocated toward unpaid minimum require contributions from prior years2023-07-100
Contributions made to avoid restrictions adjusted to valuation date2023-07-100
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-07-100
Unpaid minimum required contributions for all prior years2023-07-100
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-07-100
Remaining amount of unpaid minimum required contributions2023-07-100
Minimum required contributions for current year target normal cost2023-07-100
Net shortfall amortization installment of oustanding balance2023-07-100
Waiver amortization installment2023-07-100
Total funding amount beforereflecting carryover/prefunding balances2023-07-100
Carryover balance elected to use to offset funding requirement2023-07-100
Prefunding balance elected to use to offset funding requirement2023-07-100
Additional cash requirement2023-07-100
Contributions allocatedtoward minimum required contributions for current year2023-07-100
Unpaid minimum required contributions for current year2023-07-100
Unpaid minimum required contributions for all years2023-07-100
2022: NEW MEXICO PAIN & SPINE INSTITUTE, P.C. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-311,977,553
Acturial value of plan assets2022-12-311,977,553
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-316
Fundng target for terminated vested participants2022-12-31202,145
Active participant vested funding target2022-12-311,645,322
Number of active participants2022-12-311
Total funding liabilities for active participants2022-12-311,645,322
Total participant count2022-12-317
Total funding target for all participants2022-12-311,847,467
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 contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31230,826
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 contributions2022-12-31197,235
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 date2022-12-31198,648
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 cost2022-12-31186,848
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3156,762
Additional cash requirement2022-12-3156,762
Contributions allocatedtoward minimum required contributions for current year2022-12-31198,648
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: NEW MEXICO PAIN & SPINE INSTITUTE, P.C. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-311,751,902
Acturial value of plan assets2021-12-311,751,902
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-312
Fundng target for terminated vested participants2021-12-3119,565
Active participant vested funding target2021-12-311,486,031
Number of active participants2021-12-316
Total funding liabilities for active participants2021-12-311,486,031
Total participant count2021-12-318
Total funding target for all participants2021-12-311,505,596
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 contributions2021-12-3156,094
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3156,094
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 contributions2021-12-31229,867
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 date2021-12-31230,826
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 cost2021-12-31214,286
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31230,826
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: NEW MEXICO PAIN & SPINE INSTITUTE, P.C. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,645,650
Acturial value of plan assets2020-12-311,645,650
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-3116,619
Active participant vested funding target2020-12-311,401,062
Number of active participants2020-12-313
Total funding liabilities for active participants2020-12-311,401,062
Total participant count2020-12-315
Total funding target for all participants2020-12-311,417,681
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 contributions2020-12-31148,663
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31148,663
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 contributions2020-12-3154,660
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 date2020-12-3156,094
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 cost2020-12-310
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 year2020-12-3156,094
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: NEW MEXICO PAIN & SPINE INSTITUTE, P.C. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,590,786
Acturial value of plan assets2019-12-311,590,786
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-318,235
Active participant vested funding target2019-12-311,177,758
Number of active participants2019-12-315
Total funding liabilities for active participants2019-12-311,177,758
Total participant count2019-12-316
Total funding target for all participants2019-12-311,185,993
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 contributions2019-12-31255,520
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31255,520
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 contributions2019-12-31149,248
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 date2019-12-31148,663
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 cost2019-12-31194,874
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 year2019-12-31148,663
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: NEW MEXICO PAIN & SPINE INSTITUTE, P.C. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,387,823
Acturial value of plan assets2018-12-311,387,823
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-31341,091
Active participant vested funding target2018-12-31827,642
Number of active participants2018-12-319
Total funding liabilities for active participants2018-12-31827,642
Total participant count2018-12-3111
Total funding target for all participants2018-12-311,168,733
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 contributions2018-12-31304,762
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31304,762
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 contributions2018-12-31422,373
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 date2018-12-31424,541
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 cost2018-12-31388,111
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31169,021
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31169,021
Contributions allocatedtoward minimum required contributions for current year2018-12-31424,541
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: NEW MEXICO PAIN & SPINE INSTITUTE, P.C. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-311,158,449
Acturial value of plan assets2017-12-311,158,449
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-315,942
Active participant vested funding target2017-12-31828,806
Number of active participants2017-12-313
Total funding liabilities for active participants2017-12-31828,806
Total participant count2017-12-314
Total funding target for all participants2017-12-31834,748
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 contributions2017-12-31236,371
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31236,371
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 contributions2017-12-31300,641
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 date2017-12-31304,762
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 cost2017-12-31265,318
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31304,762
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: NEW MEXICO PAIN & SPINE INSTITUTE, P.C. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31763,712
Acturial value of plan assets2016-12-31763,712
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 target2016-12-31570,711
Number of active participants2016-12-313
Total funding liabilities for active participants2016-12-31570,711
Total participant count2016-12-313
Total funding target for all participants2016-12-31570,711
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 contributions2016-12-31161,167
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31161,167
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 contributions2016-12-31250,078
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 date2016-12-31254,154
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 cost2016-12-31210,784
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 balances2016-12-3117,783
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3117,783
Contributions allocatedtoward minimum required contributions for current year2016-12-31254,154
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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