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PRIMARY CARE PROVIDERS OF CHICAGO, S.C. CASH BALANCE PLAN 401k Plan overview

Plan NamePRIMARY CARE PROVIDERS OF CHICAGO, S.C. CASH BALANCE PLAN
Plan identification number 003

PRIMARY CARE PROVIDERS OF CHICAGO, S.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).

401k Sponsoring company profile

PRIMARY CARE PROVIDERS OF CHICAGO, S.C. has sponsored the creation of one or more 401k plans.

Company Name:PRIMARY CARE PROVIDERS OF CHICAGO, S.C.
Employer identification number (EIN):363198234
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRIMARY CARE PROVIDERS OF CHICAGO, S.C. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-10-01
0032021-10-01
0032020-10-01MEHUL SHAH2022-02-14
0032019-10-01MEHUL SHAH2021-04-13 MEHUL SHAH2021-04-13
0032018-10-01MEHUL SHAH2020-02-11 MEHUL SHAH2020-02-11
0032017-10-01MEHUL SHAH2019-04-25 MEHUL SHAH2019-04-25

Plan Statistics for PRIMARY CARE PROVIDERS OF CHICAGO, S.C. CASH BALANCE PLAN

401k plan membership statisitcs for PRIMARY CARE PROVIDERS OF CHICAGO, S.C. CASH BALANCE PLAN

Measure Date Value
2022: PRIMARY CARE PROVIDERS OF CHICAGO, S.C. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-31678,739
Acturial value of plan assets2022-12-31678,739
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-315
Fundng target for terminated vested participants2022-12-3121,029
Active participant vested funding target2022-12-31544,194
Number of active participants2022-12-319
Total funding liabilities for active participants2022-12-31545,247
Total participant count2022-12-3114
Total funding target for all participants2022-12-31566,276
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 contributions2022-12-31142,384
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31142,384
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 contributions2022-12-310
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 date2022-12-310
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 cost2022-12-3194,899
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Market value of plan assets2022-09-30412,691
Acturial value of plan assets2022-09-30412,691
Funding target for retired participants and beneficiaries receiving payment2022-09-300
Number of terminated vested participants2022-09-304
Fundng target for terminated vested participants2022-09-307,732
Active participant vested funding target2022-09-30435,629
Number of active participants2022-09-309
Total funding liabilities for active participants2022-09-30435,629
Total participant count2022-09-3013
Total funding target for all participants2022-09-30443,361
Balance at beginning of prior year after applicable adjustments2022-09-300
Prefunding balance at beginning of prior year after applicable adjustments2022-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2022-09-300
Prefunding balanced used to offset prior years funding requirement2022-09-300
Amount remaining of carryover balance2022-09-300
Amount remaining of prefunding balance2022-09-300
Present value of excess contributions2022-09-3059,091
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-09-3059,091
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-09-300
Reductions in caryover balances due to elections or deemed elections2022-09-300
Reductions in prefunding balances due to elections or deemed elections2022-09-300
Balance of carryovers at beginning of current year2022-09-300
Balance of prefunding at beginning of current year2022-09-300
Total employer contributions2022-09-30253,337
Total employee contributions2022-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2022-09-300
Contributions made to avoid restrictions adjusted to valuation date2022-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-09-30248,537
Unpaid minimum required contributions for all prior years2022-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-09-300
Remaining amount of unpaid minimum required contributions2022-09-300
Minimum required contributions for current year target normal cost2022-09-30103,293
Net shortfall amortization installment of oustanding balance2022-09-3030,670
Waiver amortization installment2022-09-300
Total funding amount beforereflecting carryover/prefunding balances2022-09-30106,153
Carryover balance elected to use to offset funding requirement2022-09-300
Prefunding balance elected to use to offset funding requirement2022-09-300
Additional cash requirement2022-09-30106,153
Contributions allocatedtoward minimum required contributions for current year2022-09-30248,537
Unpaid minimum required contributions for current year2022-09-300
Unpaid minimum required contributions for all years2022-09-300
2021: PRIMARY CARE PROVIDERS OF CHICAGO, S.C. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-09-30363,927
Acturial value of plan assets2021-09-30363,927
Funding target for retired participants and beneficiaries receiving payment2021-09-300
Number of terminated vested participants2021-09-303
Fundng target for terminated vested participants2021-09-305,416
Active participant vested funding target2021-09-30303,273
Number of active participants2021-09-308
Total funding liabilities for active participants2021-09-30306,630
Total participant count2021-09-3011
Total funding target for all participants2021-09-30312,046
Balance at beginning of prior year after applicable adjustments2021-09-300
Prefunding balance at beginning of prior year after applicable adjustments2021-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2021-09-300
Prefunding balanced used to offset prior years funding requirement2021-09-300
Amount remaining of carryover balance2021-09-300
Amount remaining of prefunding balance2021-09-300
Present value of excess contributions2021-09-3045,710
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-09-3045,710
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-09-300
Reductions in caryover balances due to elections or deemed elections2021-09-300
Reductions in prefunding balances due to elections or deemed elections2021-09-300
Balance of carryovers at beginning of current year2021-09-300
Balance of prefunding at beginning of current year2021-09-300
Total employer contributions2021-09-30107,640
Total employee contributions2021-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-09-300
Contributions made to avoid restrictions adjusted to valuation date2021-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-09-30106,580
Unpaid minimum required contributions for all prior years2021-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-09-300
Remaining amount of unpaid minimum required contributions2021-09-300
Minimum required contributions for current year target normal cost2021-09-3099,370
Net shortfall amortization installment of oustanding balance2021-09-300
Waiver amortization installment2021-09-300
Total funding amount beforereflecting carryover/prefunding balances2021-09-3047,489
Additional cash requirement2021-09-3047,489
Contributions allocatedtoward minimum required contributions for current year2021-09-30106,580
Unpaid minimum required contributions for current year2021-09-300
Unpaid minimum required contributions for all years2021-09-300
2020: PRIMARY CARE PROVIDERS OF CHICAGO, S.C. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-09-30245,040
Acturial value of plan assets2020-09-30245,040
Funding target for retired participants and beneficiaries receiving payment2020-09-300
Number of terminated vested participants2020-09-302
Fundng target for terminated vested participants2020-09-302,591
Active participant vested funding target2020-09-30200,393
Number of active participants2020-09-308
Total funding liabilities for active participants2020-09-30202,337
Total participant count2020-09-3010
Total funding target for all participants2020-09-30204,928
Balance at beginning of prior year after applicable adjustments2020-09-300
Prefunding balance at beginning of prior year after applicable adjustments2020-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2020-09-300
Prefunding balanced used to offset prior years funding requirement2020-09-300
Amount remaining of carryover balance2020-09-300
Amount remaining of prefunding balance2020-09-300
Present value of excess contributions2020-09-3037,340
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-09-3037,340
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-09-300
Reductions in caryover balances due to elections or deemed elections2020-09-300
Reductions in prefunding balances due to elections or deemed elections2020-09-300
Balance of carryovers at beginning of current year2020-09-300
Balance of prefunding at beginning of current year2020-09-300
Total employer contributions2020-09-30104,407
Total employee contributions2020-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-09-300
Contributions made to avoid restrictions adjusted to valuation date2020-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-09-30103,659
Unpaid minimum required contributions for all prior years2020-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-09-300
Remaining amount of unpaid minimum required contributions2020-09-300
Minimum required contributions for current year target normal cost2020-09-3098,061
Net shortfall amortization installment of oustanding balance2020-09-300
Waiver amortization installment2020-09-300
Total funding amount beforereflecting carryover/prefunding balances2020-09-3057,949
Additional cash requirement2020-09-3057,949
Contributions allocatedtoward minimum required contributions for current year2020-09-30103,659
Unpaid minimum required contributions for current year2020-09-300
Unpaid minimum required contributions for all years2020-09-300
2019: PRIMARY CARE PROVIDERS OF CHICAGO, S.C. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-09-30107,485
Acturial value of plan assets2019-09-30107,485
Funding target for retired participants and beneficiaries receiving payment2019-09-300
Number of terminated vested participants2019-09-300
Fundng target for terminated vested participants2019-09-300
Active participant vested funding target2019-09-3096,802
Number of active participants2019-09-3011
Total funding liabilities for active participants2019-09-3096,802
Total participant count2019-09-3011
Total funding target for all participants2019-09-3096,802
Balance at beginning of prior year after applicable adjustments2019-09-300
Prefunding balance at beginning of prior year after applicable adjustments2019-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2019-09-300
Prefunding balanced used to offset prior years funding requirement2019-09-300
Amount remaining of carryover balance2019-09-300
Amount remaining of prefunding balance2019-09-300
Present value of excess contributions2019-09-3011,656
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-09-3011,656
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-09-300
Reductions in caryover balances due to elections or deemed elections2019-09-300
Reductions in prefunding balances due to elections or deemed elections2019-09-300
Balance of carryovers at beginning of current year2019-09-300
Balance of prefunding at beginning of current year2019-09-300
Total employer contributions2019-09-30120,000
Total employee contributions2019-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-09-300
Contributions made to avoid restrictions adjusted to valuation date2019-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-09-30119,311
Unpaid minimum required contributions for all prior years2019-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-09-300
Remaining amount of unpaid minimum required contributions2019-09-300
Minimum required contributions for current year target normal cost2019-09-3092,654
Net shortfall amortization installment of oustanding balance2019-09-300
Waiver amortization installment2019-09-300
Total funding amount beforereflecting carryover/prefunding balances2019-09-3081,971
Additional cash requirement2019-09-3081,971
Contributions allocatedtoward minimum required contributions for current year2019-09-30119,311
Unpaid minimum required contributions for current year2019-09-300
Unpaid minimum required contributions for all years2019-09-300
2018: PRIMARY CARE PROVIDERS OF CHICAGO, S.C. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-09-300
Acturial value of plan assets2018-09-300
Funding target for retired participants and beneficiaries receiving payment2018-09-300
Number of terminated vested participants2018-09-300
Fundng target for terminated vested participants2018-09-300
Active participant vested funding target2018-09-300
Number of active participants2018-09-309
Total funding liabilities for active participants2018-09-300
Total participant count2018-09-309
Total funding target for all participants2018-09-300
Balance at beginning of prior year after applicable adjustments2018-09-300
Prefunding balance at beginning of prior year after applicable adjustments2018-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2018-09-300
Prefunding balanced used to offset prior years funding requirement2018-09-300
Amount remaining of carryover balance2018-09-300
Amount remaining of prefunding balance2018-09-300
Present value of excess contributions2018-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-09-300
Reductions in caryover balances due to elections or deemed elections2018-09-300
Reductions in prefunding balances due to elections or deemed elections2018-09-300
Balance of carryovers at beginning of current year2018-09-300
Balance of prefunding at beginning of current year2018-09-300
Total employer contributions2018-09-30103,538
Total employee contributions2018-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-09-300
Contributions made to avoid restrictions adjusted to valuation date2018-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-09-30103,159
Unpaid minimum required contributions for all prior years2018-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-09-300
Remaining amount of unpaid minimum required contributions2018-09-300
Minimum required contributions for current year target normal cost2018-09-3091,503
Net shortfall amortization installment of oustanding balance2018-09-300
Waiver amortization installment2018-09-300
Total funding amount beforereflecting carryover/prefunding balances2018-09-3091,503
Additional cash requirement2018-09-3091,503
Contributions allocatedtoward minimum required contributions for current year2018-09-30103,159
Unpaid minimum required contributions for current year2018-09-300
Unpaid minimum required contributions for all years2018-09-300

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