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TWIN CITIES ORTHOPEDICS, P.A. CASH BALANCE PLAN 401k Plan overview

Plan NameTWIN CITIES ORTHOPEDICS, P.A. CASH BALANCE PLAN
Plan identification number 008

TWIN CITIES ORTHOPEDICS, P.A. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

INFINITE HEALTH COLLABORATIVE, P.A. has sponsored the creation of one or more 401k plans.

Company Name:INFINITE HEALTH COLLABORATIVE, P.A.
Employer identification number (EIN):411861374
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 ORTHOPEDICS, P.A. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0082021-01-01JAY HEMPE2022-07-28
0082020-01-01JAY HEMPE2021-10-12
0082019-01-01JAY HEMPE2020-10-09 JAY HEMPE2020-10-09
0082018-01-01JAY HEMPE2019-07-25 JAY HEMPE2019-07-25
0082017-01-01JAY HEMPE2018-07-30
0082016-01-01JAY HEMPE2017-10-09
0082015-01-01JAY HEMPE2016-10-11 JAY HEMPE2016-10-11
0082014-01-01JAY HEMPE2015-10-09 JAY HEMPE2015-10-09
0082013-01-01ALAN NESS2014-05-19 ALAN NESS2014-05-19
0082012-01-01ALAN NESS2013-09-26 ALAN NESS2013-09-26

Financial Data on TWIN CITIES ORTHOPEDICS, P.A. CASH BALANCE PLAN

Measure Date Value
2022 : TWIN CITIES ORTHOPEDICS, P.A. CASH BALANCE PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-290
Total liabilities as of the end of the plan year2022-07-290
Total liabilities as of the beginning of the plan year2022-07-290
Total expenses incurred by plan in this plan year2022-07-291023587
Net assets as of the end of the plan year2022-07-290
Total assets as of the beginning of the plan year2022-07-291023587
Value of plan covered by a fidelity bond2022-07-29500000
Participant contributions to plan in this plan year2022-07-290
Other expenses paid from plan in this plan year2022-07-291604
Other contributions to plan in this plan year2022-07-290
Other income to plan in this plan year2022-07-290
Plan net income in this plan year2022-07-29-1023587
Net assets as of the end of the plan year2022-07-290
Net assets as of the beginning of the plan year2022-07-291023587
Employer contributions to plan in this plan year2022-07-290
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-293400

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