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FAMILY & COSMETIC DENTISTRY OF JACKSON CASH BALANCE PLAN 401k Plan overview

Plan NameFAMILY & COSMETIC DENTISTRY OF JACKSON CASH BALANCE PLAN
Plan identification number 002

FAMILY & COSMETIC DENTISTRY OF JACKSON 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).
  • Plan covering Self-Employed individuals.
  • 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

MINESH Y. PATEL, DDS DBA FAMILY & COSMETIC DENTISTRY OF JACKSON has sponsored the creation of one or more 401k plans.

Company Name:MINESH Y. PATEL, DDS DBA FAMILY & COSMETIC DENTISTRY OF JACKSON
Employer identification number (EIN):451779051
NAIC Classification:621210
NAIC Description:Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FAMILY & COSMETIC DENTISTRY OF JACKSON CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01DR. MINESH Y. PATEL2023-05-08
0022021-01-01DR. MINESH Y. PATEL2022-07-11
0022020-01-01DR. MINESH Y. PATEL2021-07-08
0022019-01-01DR. MINESH Y. PATEL2020-07-21
0022018-01-01DR. MINESH Y. PATEL2019-05-21
0022017-01-01DR. MINESH Y. PATEL2018-09-07
0022016-01-01DR. MINESH Y. PATEL2017-08-18
0022015-01-01DR. MINESH Y. PATEL2016-09-23

Financial Data on FAMILY & COSMETIC DENTISTRY OF JACKSON CASH BALANCE PLAN

Measure Date Value
2024 : FAMILY & COSMETIC DENTISTRY OF JACKSON CASH BALANCE PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-150
Total liabilities as of the end of the plan year2024-04-150
Total liabilities as of the beginning of the plan year2024-04-150
Total expenses incurred by plan in this plan year2024-04-1516851
Net assets as of the end of the plan year2024-04-151295224
Total assets as of the beginning of the plan year2024-04-151102316
Value of plan covered by a fidelity bond2024-04-15300000
Participant contributions to plan in this plan year2024-04-150
Other expenses paid from plan in this plan year2024-04-1513647
Other contributions to plan in this plan year2024-04-150
Other income to plan in this plan year2024-04-15156604
Plan net income in this plan year2024-04-15192908
Net assets as of the end of the plan year2024-04-151295224
Net assets as of the beginning of the plan year2024-04-151102316
Employer contributions to plan in this plan year2024-04-1553155
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-150

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