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Plan Name | MEDICAL BILLING RESOURCES, INC. CASH BALANCE PENSION PLAN |
Plan identification number | 003 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
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Company Name: | MEDICAL BILLING RESOURCES, INC. |
Employer identification number (EIN): | 383379934 |
NAIC Classification: | 561110 |
NAIC Description: | Office Administrative Services |
Additional information about MEDICAL BILLING RESOURCES, INC.
Jurisdiction of Incorporation: | Colorado Department of State |
Incorporation Date: | 1996-04-05 |
Company Identification Number: | 19961047107 |
Legal Registered Office Address: |
17263 W 62nd Ct Arvada United States of America (USA) 80403 |
More information about MEDICAL BILLING RESOURCES, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
003 | 2020-01-01 | BARRY SHATZMAN | 2021-03-09 | ||
003 | 2019-01-01 | BARRY SHATZMAN | 2020-08-19 | ||
003 | 2018-01-01 | BARRY SHATZMAN | 2019-07-08 | ||
003 | 2017-01-01 | BARRY SHATZMAN | 2018-09-27 | ||
003 | 2016-01-01 | BARRY SHATZMAN | 2017-08-07 |
Measure | Date | Value |
---|---|---|
2020: MEDICAL BILLING RESOURCES, INC. CASH BALANCE PENSION PLAN 2020 401k membership | ||
Market value of plan assets | 2020-12-23 | 1,079,463 |
Acturial value of plan assets | 2020-12-23 | 1,079,463 |
Funding target for retired participants and beneficiaries receiving payment | 2020-12-23 | 0 |
Number of terminated vested participants | 2020-12-23 | 7 |
Fundng target for terminated vested participants | 2020-12-23 | 299,346 |
Active participant vested funding target | 2020-12-23 | 607,289 |
Number of active participants | 2020-12-23 | 14 |
Total funding liabilities for active participants | 2020-12-23 | 607,289 |
Total participant count | 2020-12-23 | 21 |
Total funding target for all participants | 2020-12-23 | 906,635 |
Balance at beginning of prior year after applicable adjustments | 2020-12-23 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-23 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2020-12-23 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2020-12-23 | 0 |
Amount remaining of carryover balance | 2020-12-23 | 0 |
Amount remaining of prefunding balance | 2020-12-23 | 0 |
Present value of excess contributions | 2020-12-23 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-23 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-12-23 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2020-12-23 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-12-23 | 0 |
Balance of carryovers at beginning of current year | 2020-12-23 | 0 |
Balance of prefunding at beginning of current year | 2020-12-23 | 0 |
Total employer contributions | 2020-12-23 | 0 |
Total employee contributions | 2020-12-23 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-12-23 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-12-23 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-23 | 0 |
Unpaid minimum required contributions for all prior years | 2020-12-23 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-12-23 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-12-23 | 0 |
Minimum required contributions for current year target normal cost | 2020-12-23 | 108,881 |
Net shortfall amortization installment of oustanding balance | 2020-12-23 | 0 |
Waiver amortization installment | 2020-12-23 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-12-23 | 0 |
Carryover balance elected to use to offset funding requirement | 2020-12-23 | 0 |
Prefunding balance elected to use to offset funding requirement | 2020-12-23 | 0 |
Additional cash requirement | 2020-12-23 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2020-12-23 | 0 |
Unpaid minimum required contributions for current year | 2020-12-23 | 0 |
Unpaid minimum required contributions for all years | 2020-12-23 | 0 |
2019: MEDICAL BILLING RESOURCES, INC. CASH BALANCE PENSION PLAN 2019 401k membership | ||
Market value of plan assets | 2019-12-31 | 1,079,463 |
Acturial value of plan assets | 2019-12-31 | 1,079,463 |
Funding target for retired participants and beneficiaries receiving payment | 2019-12-31 | 0 |
Number of terminated vested participants | 2019-12-31 | 7 |
Fundng target for terminated vested participants | 2019-12-31 | 295,434 |
Active participant vested funding target | 2019-12-31 | 492,410 |
Number of active participants | 2019-12-31 | 14 |
Total funding liabilities for active participants | 2019-12-31 | 492,410 |
Total participant count | 2019-12-31 | 21 |
Total funding target for all participants | 2019-12-31 | 787,844 |
Balance at beginning of prior year after applicable adjustments | 2019-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2019-12-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2019-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2019-12-31 | 0 |
Amount remaining of carryover balance | 2019-12-31 | 0 |
Amount remaining of prefunding balance | 2019-12-31 | 0 |
Present value of excess contributions | 2019-12-31 | 190,103 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-12-31 | 190,103 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2019-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2019-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2019-12-31 | 0 |
Balance of carryovers at beginning of current year | 2019-12-31 | 0 |
Balance of prefunding at beginning of current year | 2019-12-31 | 0 |
Total employer contributions | 2019-12-31 | 0 |
Total employee contributions | 2019-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2019-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2019-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2019-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2019-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2019-12-31 | 113,793 |
Net shortfall amortization installment of oustanding balance | 2019-12-31 | 0 |
Waiver amortization installment | 2019-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2019-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2019-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2019-12-31 | 0 |
Additional cash requirement | 2019-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2019-12-31 | 0 |
Unpaid minimum required contributions for current year | 2019-12-31 | 0 |
Unpaid minimum required contributions for all years | 2019-12-31 | 0 |
2018: MEDICAL BILLING RESOURCES, INC. CASH BALANCE PENSION PLAN 2018 401k membership | ||
Market value of plan assets | 2018-12-31 | 750,086 |
Acturial value of plan assets | 2018-12-31 | 750,086 |
Funding target for retired participants and beneficiaries receiving payment | 2018-12-31 | 0 |
Number of terminated vested participants | 2018-12-31 | 9 |
Fundng target for terminated vested participants | 2018-12-31 | 272,588 |
Active participant vested funding target | 2018-12-31 | 324,744 |
Number of active participants | 2018-12-31 | 17 |
Total funding liabilities for active participants | 2018-12-31 | 324,744 |
Total participant count | 2018-12-31 | 26 |
Total funding target for all participants | 2018-12-31 | 597,332 |
Balance at beginning of prior year after applicable adjustments | 2018-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2018-12-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2018-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2018-12-31 | 0 |
Amount remaining of carryover balance | 2018-12-31 | 0 |
Amount remaining of prefunding balance | 2018-12-31 | 0 |
Present value of excess contributions | 2018-12-31 | 211,442 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-12-31 | 211,442 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2018-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2018-12-31 | 0 |
Balance of carryovers at beginning of current year | 2018-12-31 | 0 |
Balance of prefunding at beginning of current year | 2018-12-31 | 0 |
Total employer contributions | 2018-12-31 | 195,838 |
Total employee contributions | 2018-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2018-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2018-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-12-31 | 193,121 |
Unpaid minimum required contributions for all prior years | 2018-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2018-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2018-12-31 | 155,772 |
Net shortfall amortization installment of oustanding balance | 2018-12-31 | 0 |
Waiver amortization installment | 2018-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2018-12-31 | 3,018 |
Carryover balance elected to use to offset funding requirement | 2018-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2018-12-31 | 0 |
Additional cash requirement | 2018-12-31 | 3,018 |
Contributions allocatedtoward minimum required contributions for current year | 2018-12-31 | 193,121 |
Unpaid minimum required contributions for current year | 2018-12-31 | 0 |
Unpaid minimum required contributions for all years | 2018-12-31 | 0 |
2017: MEDICAL BILLING RESOURCES, INC. CASH BALANCE PENSION PLAN 2017 401k membership | ||
Market value of plan assets | 2017-12-31 | 329,081 |
Acturial value of plan assets | 2017-12-31 | 329,081 |
Funding target for retired participants and beneficiaries receiving payment | 2017-12-31 | 0 |
Number of terminated vested participants | 2017-12-31 | 7 |
Fundng target for terminated vested participants | 2017-12-31 | 4,969 |
Active participant vested funding target | 2017-12-31 | 281,352 |
Number of active participants | 2017-12-31 | 20 |
Total funding liabilities for active participants | 2017-12-31 | 282,675 |
Total participant count | 2017-12-31 | 27 |
Total funding target for all participants | 2017-12-31 | 287,644 |
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 | 39,167 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-12-31 | 39,167 |
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 | 452,845 |
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 | 446,237 |
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 | 276,232 |
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 | 234,795 |
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 | 234,795 |
Contributions allocatedtoward minimum required contributions for current year | 2017-12-31 | 446,237 |
Unpaid minimum required contributions for current year | 2017-12-31 | 0 |
Unpaid minimum required contributions for all years | 2017-12-31 | 0 |
2016: MEDICAL BILLING RESOURCES, INC. CASH BALANCE PENSION PLAN 2016 401k membership | ||
Market value of plan assets | 2016-12-31 | 0 |
Acturial value of plan assets | 2016-12-31 | 0 |
Funding target for retired participants and beneficiaries receiving payment | 2016-12-31 | 0 |
Number of terminated vested participants | 2016-12-31 | 1 |
Fundng target for terminated vested participants | 2016-12-31 | 0 |
Active participant vested funding target | 2016-12-31 | 0 |
Number of active participants | 2016-12-31 | 23 |
Total funding liabilities for active participants | 2016-12-31 | 0 |
Total participant count | 2016-12-31 | 24 |
Total funding target for all participants | 2016-12-31 | 0 |
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 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2016-12-31 | 0 |
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 | 302,968 |
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 | 299,442 |
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 | 260,275 |
Net shortfall amortization installment of oustanding balance | 2016-12-31 | 0 |
Waiver amortization installment | 2016-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2016-12-31 | 260,275 |
Additional cash requirement | 2016-12-31 | 260,275 |
Contributions allocatedtoward minimum required contributions for current year | 2016-12-31 | 299,442 |
Unpaid minimum required contributions for current year | 2016-12-31 | 0 |
Unpaid minimum required contributions for all years | 2016-12-31 | 0 |