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DONALD D. BERG, M.D., P.C. PENSION PLAN 401k Plan overview

Plan NameDONALD D. BERG, M.D., P.C. PENSION PLAN
Plan identification number 005

DONALD D. BERG, M.D., P.C. PENSION 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).
  • 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).
  • 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

DONALD D BERG MD PC has sponsored the creation of one or more 401k plans.

Company Name:DONALD D BERG MD PC
Employer identification number (EIN):421084084
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DONALD D. BERG, M.D., P.C. PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052018-01-01DONALD D. BERG, M.D2018-12-12 DONALD D. BERG, M.D.2018-12-12
0052017-01-01DONALD D. BERG, M.D2018-10-11 DONALD D. BERG, M.D.2018-10-11
0052016-01-01DONALD D. BERG, M.D2017-10-11 DONALD D. BERG, M.D.2017-10-11
0052015-01-01DONALD D. BERG, M.D2016-06-08 DONALD D. BERG, M.D.2016-06-08
0052014-01-01DONALD D. BERG, M.D2015-10-12 DONALD D. BERG, M.D.2015-10-12
0052013-01-01DONALD D. BERG, M.D2014-07-22 DONALD D. BERG, M.D.2014-07-22
0052012-01-01DONALD D. BERG, M.D2013-08-23 DONALD D. BERG, M.D.2013-08-23
0052011-01-01DONALD D. BERG, M.D2012-07-05 DONALD D. BERG, M.D.2012-07-05
0052010-01-01DONALD D. BERG, M.D2011-07-18 DONALD D. BERG, M.D.2011-07-18

Plan Statistics for DONALD D. BERG, M.D., P.C. PENSION PLAN

401k plan membership statisitcs for DONALD D. BERG, M.D., P.C. PENSION PLAN

Measure Date Value
2017: DONALD D. BERG, M.D., P.C. PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-31984,134
Acturial value of plan assets2017-12-31984,134
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-311,179,991
Number of active participants2017-12-315
Total funding liabilities for active participants2017-12-311,179,991
Total participant count2017-12-315
Total funding target for all participants2017-12-311,179,991
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31785
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31834
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-3145,790
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 date2017-12-3143,825
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 cost2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-31195,857
Total funding amount beforereflecting carryover/prefunding balances2017-12-3142,188
Additional cash requirement2017-12-3142,188
Contributions allocatedtoward minimum required contributions for current year2017-12-3143,825
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: DONALD D. BERG, M.D., P.C. PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31997,869
Acturial value of plan assets2016-12-31997,869
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 target2016-12-311,206,038
Number of active participants2016-12-315
Total funding liabilities for active participants2016-12-311,206,038
Total participant count2016-12-315
Total funding target for all participants2016-12-311,206,038
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-310
Present value of excess contributions2016-12-31699
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31699
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-3142,093
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 date2016-12-3140,187
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 cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-31208,169
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3139,402
Additional cash requirement2016-12-3139,402
Contributions allocatedtoward minimum required contributions for current year2016-12-3140,187
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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