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NORTH METRO DERMATOLOGY CASH BALANCE PLAN 401k Plan overview

Plan NameNORTH METRO DERMATOLOGY CASH BALANCE PLAN
Plan identification number 002

NORTH METRO DERMATOLOGY 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

NORTH METRO DERMATOLOGY, PLLC has sponsored the creation of one or more 401k plans.

Company Name:NORTH METRO DERMATOLOGY, PLLC
Employer identification number (EIN):461137943
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTH METRO DERMATOLOGY 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

Financial Data on NORTH METRO DERMATOLOGY CASH BALANCE PLAN

Measure Date Value
2025 : NORTH METRO DERMATOLOGY CASH BALANCE PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-09-130
Total liabilities as of the end of the plan year2025-09-130
Total liabilities as of the beginning of the plan year2025-09-130
Total expenses incurred by plan in this plan year2025-09-130
Net assets as of the end of the plan year2025-09-13589444
Total assets as of the beginning of the plan year2025-09-13412861
Value of plan covered by a fidelity bond2025-09-1341300
Participant contributions to plan in this plan year2025-09-130
Other expenses paid from plan in this plan year2025-09-130
Other contributions to plan in this plan year2025-09-130
Other income to plan in this plan year2025-09-1321996
Plan net income in this plan year2025-09-13176583
Net assets as of the end of the plan year2025-09-13589444
Net assets as of the beginning of the plan year2025-09-13412861
Employer contributions to plan in this plan year2025-09-13154587
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-130
2024 : NORTH METRO DERMATOLOGY CASH BALANCE PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-010
Total liabilities as of the end of the plan year2024-10-010
Total liabilities as of the beginning of the plan year2024-10-010
Total expenses incurred by plan in this plan year2024-10-010
Net assets as of the end of the plan year2024-10-01412861
Total assets as of the beginning of the plan year2024-10-01259991
Value of plan covered by a fidelity bond2024-10-01260000
Participant contributions to plan in this plan year2024-10-010
Other expenses paid from plan in this plan year2024-10-010
Other contributions to plan in this plan year2024-10-010
Other income to plan in this plan year2024-10-0113725
Plan net income in this plan year2024-10-01152870
Net assets as of the end of the plan year2024-10-01412861
Net assets as of the beginning of the plan year2024-10-01259991
Employer contributions to plan in this plan year2024-10-01139145
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-010
2022 : NORTH METRO DERMATOLOGY CASH BALANCE PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-10-030
Total liabilities as of the end of the plan year2022-10-030
Total liabilities as of the beginning of the plan year2022-10-030
Total expenses incurred by plan in this plan year2022-10-030
Net assets as of the end of the plan year2022-10-03127171
Total assets as of the beginning of the plan year2022-10-030
Participant contributions to plan in this plan year2022-10-030
Other expenses paid from plan in this plan year2022-10-030
Other contributions to plan in this plan year2022-10-030
Other income to plan in this plan year2022-10-030
Plan net income in this plan year2022-10-03127171
Net assets as of the end of the plan year2022-10-03127171
Net assets as of the beginning of the plan year2022-10-030
Employer contributions to plan in this plan year2022-10-03127171
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-030

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