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CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC CASH BALANCE PLAN 401k Plan overview

Plan NameCARDIOVASCULAR SOLUTIONS INSTITUTE, LLC CASH BALANCE PLAN
Plan identification number 002

CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC 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.

401k Sponsoring company profile

CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC has sponsored the creation of one or more 401k plans.

Company Name:CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC
Employer identification number (EIN):452664678
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022021-01-01
0022020-01-01
0022019-01-01

Plan Statistics for CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC CASH BALANCE PLAN

401k plan membership statisitcs for CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC CASH BALANCE PLAN

Measure Date Value
2025: CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC CASH BALANCE PLAN 2025 401k membership
Total number of particpants at beginning of year2025-09-1514
Total number of particpants at end of year2025-09-1512
2024: CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC CASH BALANCE PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-0812
Total number of particpants at end of year2024-10-089
2022: CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-31604,138
Acturial value of plan assets2022-12-31604,138
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-312
Fundng target for terminated vested participants2022-12-317,181
Active participant vested funding target2022-12-31646,498
Number of active participants2022-12-318
Total funding liabilities for active participants2022-12-31654,165
Total participant count2022-12-3110
Total funding target for all participants2022-12-31661,346
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
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 balance2022-12-310
Present value of excess contributions2022-12-31119,008
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31119,008
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 year2022-12-310
Total employer contributions2022-12-31213,773
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 date2022-12-31206,213
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 cost2022-12-31200,851
Net shortfall amortization installment of oustanding balance2022-12-3157,208
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31206,138
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31206,138
Contributions allocatedtoward minimum required contributions for current year2022-12-31206,213
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-31477,716
Acturial value of plan assets2021-12-31477,716
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-311
Fundng target for terminated vested participants2021-12-311,406
Active participant vested funding target2021-12-31376,183
Number of active participants2021-12-318
Total funding liabilities for active participants2021-12-31376,183
Total participant count2021-12-319
Total funding target for all participants2021-12-31377,589
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
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 balance2021-12-310
Present value of excess contributions2021-12-3192,859
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3192,859
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 year2021-12-310
Total employer contributions2021-12-31211,200
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 date2021-12-31203,341
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 cost2021-12-31184,460
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3184,333
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-3184,333
Contributions allocatedtoward minimum required contributions for current year2021-12-31203,341
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-31251,970
Acturial value of plan assets2020-12-31251,970
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-310
Number of active participants2020-12-317
Total funding liabilities for active participants2020-12-31180,067
Total participant count2020-12-317
Total funding target for all participants2020-12-31180,067
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
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 balance2020-12-310
Present value of excess contributions2020-12-3149,671
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3149,671
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 year2020-12-310
Total employer contributions2020-12-31200,000
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 date2020-12-31193,177
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 cost2020-12-31172,221
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31100,318
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31100,318
Contributions allocatedtoward minimum required contributions for current year2020-12-31193,177
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-310
Acturial value of plan assets2019-12-310
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-310
Number of active participants2019-12-317
Total funding liabilities for active participants2019-12-310
Total participant count2019-12-317
Total funding target for all participants2019-12-310
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
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 balance2019-12-310
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
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 year2019-12-310
Total employer contributions2019-12-31232,000
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 date2019-12-31223,630
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 cost2019-12-31173,959
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31173,959
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31173,959
Contributions allocatedtoward minimum required contributions for current year2019-12-31223,630
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310

Financial Data on CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC CASH BALANCE PLAN

Measure Date Value
2025 : CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC CASH BALANCE PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-09-153542
Net assets as of the end of the plan year2025-09-151370609
Total assets as of the beginning of the plan year2025-09-15893282
Value of plan covered by a fidelity bond2025-09-15100000
Other income to plan in this plan year2025-09-1597097
Plan net income in this plan year2025-09-15477327
Net assets as of the end of the plan year2025-09-151370609
Net assets as of the beginning of the plan year2025-09-15893282
Employer contributions to plan in this plan year2025-09-15383772
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-153542
2024 : CARDIOVASCULAR SOLUTIONS INSTITUTE, LLC CASH BALANCE PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-0818597
Net assets as of the end of the plan year2024-10-08893282
Total assets as of the beginning of the plan year2024-10-08817911
Value of plan covered by a fidelity bond2024-10-08100000
Other income to plan in this plan year2024-10-0893968
Plan net income in this plan year2024-10-0875371
Net assets as of the end of the plan year2024-10-08893282
Net assets as of the beginning of the plan year2024-10-08817911
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-082676

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