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TWIN CITIES HEART & LUNG, P.A. CASH BALANCE PLAN 401k Plan overview

Plan NameTWIN CITIES HEART & LUNG, P.A. CASH BALANCE PLAN
Plan identification number 003

TWIN CITIES HEART & LUNG, P.A. CASH BALANCE 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).
  • 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

TWIN CITIES HEART & LUNG, P.A. has sponsored the creation of one or more 401k plans.

Company Name:TWIN CITIES HEART & LUNG, P.A.
Employer identification number (EIN):411498352
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TWIN CITIES HEART & LUNG, P.A. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032021-01-01GEORGE FRALEY2022-02-25 GEORGE FRALEY2022-02-25
0032020-01-01BRIAN TELL2021-08-26 BRIAN TELL2021-08-26
0032019-01-01BRIAN TELL2020-08-19 BRIAN TELL2020-08-19
0032018-01-01BRIAN TELL2019-08-01 BRIAN TELL2019-08-01
0032017-01-01GEORGE FRALEY2018-09-27 GEORGE FRALEY2018-09-27
0032016-01-01BRIAN TELL2017-05-26 BRIAN TELL2017-05-26
0032015-01-01DR. BRIAN TELL2016-04-04 DR. BRIAN TELL2016-04-04

Financial Data on TWIN CITIES HEART & LUNG, P.A. CASH BALANCE PLAN

Measure Date Value
2022 : TWIN CITIES HEART & LUNG, P.A. CASH BALANCE PLAN 2022 401k financial data
Total liabilities as of the end of the plan year2022-02-250
Total expenses incurred by plan in this plan year2022-02-253234796
Net assets as of the end of the plan year2022-02-250
Total assets as of the beginning of the plan year2022-02-252889129
Value of plan covered by a fidelity bond2022-02-25400000
Other income to plan in this plan year2022-02-25255667
Plan net income in this plan year2022-02-25-2889129
Net assets as of the end of the plan year2022-02-250
Net assets as of the beginning of the plan year2022-02-252889129
Employer contributions to plan in this plan year2022-02-2590000

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