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GREAT LAKES FOOT & ANKLE INSTITUTE, PC CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameGREAT LAKES FOOT & ANKLE INSTITUTE, PC CASH BALANCE PENSION PLAN
Plan identification number 002

GREAT LAKES FOOT & ANKLE INSTITUTE, PC CASH BALANCE PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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).
  • Money purchase (other than target benefit)
  • 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

GREAT LAKES FOOT & ANKLE INSTITUTE, PC has sponsored the creation of one or more 401k plans.

Company Name:GREAT LAKES FOOT & ANKLE INSTITUTE, PC
Employer identification number (EIN):382221021
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GREAT LAKES FOOT & ANKLE INSTITUTE, PC CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01STEPHWEN FRASCONE, DPM2015-10-07
0022009-01-01DR. DANIEL HODOR DR. DANIEL HODOR2011-02-22

Plan Statistics for GREAT LAKES FOOT & ANKLE INSTITUTE, PC CASH BALANCE PENSION PLAN

401k plan membership statisitcs for GREAT LAKES FOOT & ANKLE INSTITUTE, PC CASH BALANCE PENSION PLAN

Measure Date Value
2019: GREAT LAKES FOOT & ANKLE INSTITUTE, PC CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-311,004,539
Acturial value of plan assets2019-12-311,004,539
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-317
Fundng target for terminated vested participants2019-12-318,068
Active participant vested funding target2019-12-311,127,649
Number of active participants2019-12-3136
Total funding liabilities for active participants2019-12-311,127,649
Total participant count2019-12-3143
Total funding target for all participants2019-12-311,135,717
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31840
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-31840
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-31121
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31113
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-31113
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 year2019-12-31113
Total employer contributions2019-12-31274,416
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 date2019-12-31241,899
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
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 cost2019-12-31206,081
Net shortfall amortization installment of oustanding balance2019-12-31131,291
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31241,660
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-31113
Additional cash requirement2019-12-31241,547
Contributions allocatedtoward minimum required contributions for current year2019-12-31241,899
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: GREAT LAKES FOOT & ANKLE INSTITUTE, PC CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-31761,527
Acturial value of plan assets2018-12-31761,527
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-317
Fundng target for terminated vested participants2018-12-317,449
Active participant vested funding target2018-12-31899,745
Number of active participants2018-12-3130
Total funding liabilities for active participants2018-12-31900,762
Total participant count2018-12-3137
Total funding target for all participants2018-12-31908,211
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31147,844
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-31147,040
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31804
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
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 year2018-12-31840
Total employer contributions2018-12-31262,040
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 date2018-12-31243,012
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 cost2018-12-31210,057
Net shortfall amortization installment of oustanding balance2018-12-31147,571
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31243,777
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-31886
Additional cash requirement2018-12-31242,891
Contributions allocatedtoward minimum required contributions for current year2018-12-31243,012
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: GREAT LAKES FOOT & ANKLE INSTITUTE, PC CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-31709,257
Acturial value of plan assets2017-12-31709,257
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-313
Fundng target for terminated vested participants2017-12-313,379
Active participant vested funding target2017-12-31637,260
Number of active participants2017-12-3128
Total funding liabilities for active participants2017-12-31638,715
Total participant count2017-12-3131
Total funding target for all participants2017-12-31642,094
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31143,864
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 balance2017-12-31143,864
Present value of excess contributions2017-12-313,926
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-313,926
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-313,926
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 year2017-12-31147,844
Total employer contributions2017-12-3166,170
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 date2017-12-3166,415
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 cost2017-12-31200,605
Net shortfall amortization installment of oustanding balance2017-12-3189,144
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31221,860
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-31155,445
Additional cash requirement2017-12-3166,415
Contributions allocatedtoward minimum required contributions for current year2017-12-3166,415
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: GREAT LAKES FOOT & ANKLE INSTITUTE, PC CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31473,842
Acturial value of plan assets2016-12-31473,842
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 target2016-12-310
Number of active participants2016-12-3128
Total funding liabilities for active participants2016-12-31401,801
Total participant count2016-12-3128
Total funding target for all participants2016-12-31401,801
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31151,452
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 balance2016-12-31151,452
Present value of excess contributions2016-12-3134,599
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3134,599
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3134,599
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-3139,585
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31143,864
Total employer contributions2016-12-31224,121
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 date2016-12-31213,086
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
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 cost2016-12-31191,814
Net shortfall amortization installment of oustanding balance2016-12-3179,677
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31209,160
Additional cash requirement2016-12-31209,160
Contributions allocatedtoward minimum required contributions for current year2016-12-31213,086
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
2009: GREAT LAKES FOOT & ANKLE INSTITUTE, PC CASH BALANCE PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-018
Total number of active participants reported on line 7a of the Form 55002009-01-015
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-013
Total of all active and inactive participants2009-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-018
Number of participants with account balances2009-01-018

Financial Data on GREAT LAKES FOOT & ANKLE INSTITUTE, PC CASH BALANCE PENSION PLAN

Measure Date Value
2010 : GREAT LAKES FOOT & ANKLE INSTITUTE, PC CASH BALANCE PENSION PLAN 2010 401k financial data
Total income from all sources2010-12-31$-147
Expenses. Total of all expenses incurred2010-12-31$16,793
Benefits paid (including direct rollovers)2010-12-31$16,793
Total plan assets at end of year2010-12-31$0
Total plan assets at beginning of year2010-12-31$16,940
Value of fidelity bond covering the plan2010-12-31$2,000
Other income received2010-12-31$-147
Net income (gross income less expenses)2010-12-31$-16,940
Net plan assets at end of year (total assets less liabilities)2010-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$16,940
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0

Form 5500 Responses for GREAT LAKES FOOT & ANKLE INSTITUTE, PC CASH BALANCE PENSION PLAN

2009: GREAT LAKES FOOT & ANKLE INSTITUTE, PC CASH BALANCE PENSION PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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