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ADVANCED DERMATOLOGY, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameADVANCED DERMATOLOGY, INC. CASH BALANCE PLAN
Plan identification number 002

ADVANCED DERMATOLOGY, INC. 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).
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ADVANCED DERMATOLOGY, INC has sponsored the creation of one or more 401k plans.

Company Name:ADVANCED DERMATOLOGY, INC
Employer identification number (EIN):392034651
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ADVANCED DERMATOLOGY, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01MARY SHARATA2023-02-11 MARY SHARATA2023-02-11
0022021-01-01MARY SHARATA2022-03-24 MARY SHARATA2022-03-24
0022020-01-01MARY SHARATA2021-07-06 MARY SHARATA2021-07-06
0022019-01-01MARY SHARATA2020-07-01 MARY SHARATA2020-07-01
0022018-01-01MARY SHARATA2019-08-07 MARY SHARATA2019-08-07
0022017-01-01MARY SHARATA2018-05-14 MARY SHARATA2018-05-14
0022016-01-01MARY SHARATA2017-07-25 MARY SHARATA2017-07-25
0022015-01-01MARY SHARATA2016-07-19 MARY SHARATA2016-07-19
0022014-01-01MARY T. SHARATA2015-10-08 MARY T. SHARATA2015-10-08
0022013-01-01MARY T. SHARATA2014-07-18 MARY T. SHARATA2014-07-18
0022012-01-01MARY T. SHARATA2013-10-02 MARY T. SHARATA2013-10-02

Plan Statistics for ADVANCED DERMATOLOGY, INC. CASH BALANCE PLAN

401k plan membership statisitcs for ADVANCED DERMATOLOGY, INC. CASH BALANCE PLAN

Measure Date Value
2022: ADVANCED DERMATOLOGY, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-313,844,602
Acturial value of plan assets2022-12-313,844,602
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-314
Fundng target for terminated vested participants2022-12-3128,509
Active participant vested funding target2022-12-313,490,744
Number of active participants2022-12-3111
Total funding liabilities for active participants2022-12-313,493,575
Total participant count2022-12-3115
Total funding target for all participants2022-12-313,522,084
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3127,784
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 balance2022-12-3127,784
Present value of excess contributions2022-12-31133,205
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31139,253
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 year2022-12-3129,951
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 cost2022-12-31248,020
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
2021: ADVANCED DERMATOLOGY, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-313,436,840
Acturial value of plan assets2021-12-313,436,840
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-313
Fundng target for terminated vested participants2021-12-3124,853
Active participant vested funding target2021-12-313,112,145
Number of active participants2021-12-3111
Total funding liabilities for active participants2021-12-313,117,608
Total participant count2021-12-3114
Total funding target for all participants2021-12-313,142,461
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3125,404
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 balance2021-12-3125,404
Present value of excess contributions2021-12-319,916
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3110,347
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 year2021-12-3127,784
Total employer contributions2021-12-31140,000
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 date2021-12-31133,205
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 cost2021-12-31206,410
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 year2021-12-31133,205
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: ADVANCED DERMATOLOGY, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-313,039,635
Acturial value of plan assets2020-12-313,039,635
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-316
Fundng target for terminated vested participants2020-12-3139,259
Active participant vested funding target2020-12-312,800,708
Number of active participants2020-12-317
Total funding liabilities for active participants2020-12-312,802,306
Total participant count2020-12-3113
Total funding target for all participants2020-12-312,841,565
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3122,404
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 balance2020-12-3122,404
Present value of excess contributions2020-12-3111,955
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3112,464
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 year2020-12-3125,404
Total employer contributions2020-12-31132,000
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 date2020-12-31127,971
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
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 cost2020-12-31290,721
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31118,055
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31118,055
Contributions allocatedtoward minimum required contributions for current year2020-12-31127,971
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: ADVANCED DERMATOLOGY, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-312,385,462
Acturial value of plan assets2019-12-312,385,462
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-316
Fundng target for terminated vested participants2019-12-3131,418
Active participant vested funding target2019-12-312,408,848
Number of active participants2019-12-318
Total funding liabilities for active participants2019-12-312,408,848
Total participant count2019-12-3114
Total funding target for all participants2019-12-312,440,266
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3123,246
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 balance2019-12-3123,246
Present value of excess contributions2019-12-3191,320
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3195,256
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 year2019-12-3122,404
Total employer contributions2019-12-31331,462
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 date2019-12-31320,661
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 cost2019-12-31296,161
Net shortfall amortization installment of oustanding balance2019-12-3177,208
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31308,706
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31308,706
Contributions allocatedtoward minimum required contributions for current year2019-12-31320,661
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: ADVANCED DERMATOLOGY, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-312,086,492
Acturial value of plan assets2018-12-312,086,492
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-316
Fundng target for terminated vested participants2018-12-3128,687
Active participant vested funding target2018-12-312,009,227
Number of active participants2018-12-317
Total funding liabilities for active participants2018-12-312,010,590
Total participant count2018-12-3113
Total funding target for all participants2018-12-312,039,277
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3121,334
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 balance2018-12-3121,334
Present value of excess contributions2018-12-3127,060
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3128,389
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 year2018-12-3123,246
Total employer contributions2018-12-31378,444
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 date2018-12-31363,921
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 cost2018-12-31296,570
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31272,601
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31272,601
Contributions allocatedtoward minimum required contributions for current year2018-12-31363,921
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: ADVANCED DERMATOLOGY, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-311,607,905
Acturial value of plan assets2017-12-311,607,905
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-315
Fundng target for terminated vested participants2017-12-3124,529
Active participant vested funding target2017-12-311,583,641
Number of active participants2017-12-318
Total funding liabilities for active participants2017-12-311,587,475
Total participant count2017-12-3113
Total funding target for all participants2017-12-311,612,004
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3120,256
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 balance2017-12-3120,256
Present value of excess contributions2017-12-3176,099
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3180,627
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 year2017-12-3121,334
Total employer contributions2017-12-31335,423
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 date2017-12-31324,498
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 cost2017-12-31292,786
Net shortfall amortization installment of oustanding balance2017-12-3125,433
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31297,438
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31297,438
Contributions allocatedtoward minimum required contributions for current year2017-12-31324,498
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: ADVANCED DERMATOLOGY, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-311,169,084
Acturial value of plan assets2016-12-311,169,084
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-314
Fundng target for terminated vested participants2016-12-3116,118
Active participant vested funding target2016-12-311,156,532
Number of active participants2016-12-319
Total funding liabilities for active participants2016-12-311,158,439
Total participant count2016-12-3113
Total funding target for all participants2016-12-311,174,557
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3120,640
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 balance2016-12-3120,640
Present value of excess contributions2016-12-3156,920
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3160,409
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 year2016-12-3120,256
Total employer contributions2016-12-31374,261
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 date2016-12-31355,891
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 cost2016-12-31275,541
Net shortfall amortization installment of oustanding balance2016-12-3125,729
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31279,792
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31279,792
Contributions allocatedtoward minimum required contributions for current year2016-12-31355,891
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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