401k Plan data: MEDICAL CONSULTANTS OF PALM BEACH, LLC DEFINED BENEFIT PLAN plan

MEDICAL CONSULTANTS OF PALM BEACH, LLC DEFINED BENEFIT PLAN 401k Plan overview

Plan Name	MEDICAL CONSULTANTS OF PALM BEACH, LLC DEFINED BENEFIT PLAN
Plan identification number	002

MEDICAL CONSULTANTS OF PALM BEACH, LLC DEFINED BENEFIT PLAN Benefits

401k Plan Type	Defined Benefit Pension
Plan Features/Benefits	Benefits are primarily pay related Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MEDICAL CONSULTANTS OF PALM BEACH, LLC has sponsored the creation of one or more 401k plans.

Company Name: MEDICAL CONSULTANTS OF PALM BEACH, LLC

Employer identification number (EIN): 352305118

NAIC Classification: 621111
NAIC Description: Offices of Physicians (except Mental Health Specialists)

Additional information about MEDICAL CONSULTANTS OF PALM BEACH, LLC

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 2013-08-14

Company Identification Number: L13000114807

Legal Registered Office Address: 3889 MILITARY TRAIL

JUPITER

33458

More information about MEDICAL CONSULTANTS OF PALM BEACH, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MEDICAL CONSULTANTS OF PALM BEACH, LLC DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2017-01-01 MAZIN SHIKARA, M.D. 2018-03-27
002 2016-01-01 MAZIN SHIKARA, M.D. 2017-10-14
002 2015-01-01 MAZIN SHIKARA, M.D. 2016-10-17
002 2014-01-01 MAZIN SHIKARA, M.D. 2015-10-09
002 2013-01-01
002 2012-01-01 REBECCA TORRES 2013-10-14
002 2011-01-01 CAMERON KELLY 2012-10-15
002 2010-01-01 CAMERON KELLY 2011-10-13

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2017-01-01	MAZIN SHIKARA, M.D.	2018-03-27
002	2016-01-01	MAZIN SHIKARA, M.D.	2017-10-14
002	2015-01-01	MAZIN SHIKARA, M.D.	2016-10-17
002	2014-01-01	MAZIN SHIKARA, M.D.	2015-10-09
002	2013-01-01
002	2012-01-01	REBECCA TORRES	2013-10-14
002	2011-01-01	CAMERON KELLY	2012-10-15
002	2010-01-01	CAMERON KELLY	2011-10-13

Plan Statistics for MEDICAL CONSULTANTS OF PALM BEACH, LLC DEFINED BENEFIT PLAN

401k plan membership statisitcs for MEDICAL CONSULTANTS OF PALM BEACH, LLC DEFINED BENEFIT PLAN

Measure Date Value
2017: MEDICAL CONSULTANTS OF PALM BEACH, LLC DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets 2017-12-31 1,051,046
Acturial value of plan assets 2017-12-31 1,051,046
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 5
Fundng target for terminated vested participants 2017-12-31 2,512
Active participant vested funding target 2017-12-31 854,852
Number of active participants 2017-12-31 25
Total funding liabilities for active participants 2017-12-31 854,852
Total participant count 2017-12-31 30
Total funding target for all participants 2017-12-31 857,364
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 157,036
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 157,036
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 156,448
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 148,261
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 126,233
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 0
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 0
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 148,261
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: MEDICAL CONSULTANTS OF PALM BEACH, LLC DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets 2016-12-31 893,985
Acturial value of plan assets 2016-12-31 893,985
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 5
Fundng target for terminated vested participants 2016-12-31 1,168
Active participant vested funding target 2016-12-31 709,256
Number of active participants 2016-12-31 24
Total funding liabilities for active participants 2016-12-31 714,031
Total participant count 2016-12-31 29
Total funding target for all participants 2016-12-31 715,199
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 133,849
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 133,849
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 160,855
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 157,036
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 120,897
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Waived amount of outstanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 157,036
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2017: MEDICAL CONSULTANTS OF PALM BEACH, LLC DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets	2017-12-31	1,051,046
Acturial value of plan assets	2017-12-31	1,051,046
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	5
Fundng target for terminated vested participants	2017-12-31	2,512
Active participant vested funding target	2017-12-31	854,852
Number of active participants	2017-12-31	25
Total funding liabilities for active participants	2017-12-31	854,852
Total participant count	2017-12-31	30
Total funding target for all participants	2017-12-31	857,364
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	157,036
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	157,036
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	156,448
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	148,261
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	126,233
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	0
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	0
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	148,261
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: MEDICAL CONSULTANTS OF PALM BEACH, LLC DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets	2016-12-31	893,985
Acturial value of plan assets	2016-12-31	893,985
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	5
Fundng target for terminated vested participants	2016-12-31	1,168
Active participant vested funding target	2016-12-31	709,256
Number of active participants	2016-12-31	24
Total funding liabilities for active participants	2016-12-31	714,031
Total participant count	2016-12-31	29
Total funding target for all participants	2016-12-31	715,199
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	133,849
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	133,849
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	160,855
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	157,036
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	120,897
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	157,036
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	MEDICAL CONSULTANTS OF PALM BEACH, LLC
Employer identification number (EIN):	352305118
NAIC Classification:	621111
NAIC Description:	Offices of Physicians (except Mental Health Specialists)

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	2013-08-14
Company Identification Number:	L13000114807
Legal Registered Office Address:	3889 MILITARY TRAIL JUPITER 33458