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NEW YORK PULMONARY & SLEEP MEDICINE PC PENSION PLAN 401k Plan overview

Plan NameNEW YORK PULMONARY & SLEEP MEDICINE PC PENSION PLAN
Plan identification number 002

NEW YORK PULMONARY & SLEEP MEDICINE PC 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).
  • 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

NEW YORK PULMONARY & SLEEP MEDICINE, P.C. has sponsored the creation of one or more 401k plans.

Company Name:NEW YORK PULMONARY & SLEEP MEDICINE, P.C.
Employer identification number (EIN):462712332
NAIC Classification:424210
NAIC Description:Drugs and Druggists' Sundries Merchant Wholesalers

Additional information about NEW YORK PULMONARY & SLEEP MEDICINE, P.C.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 2013-01-24
Company Identification Number: 4350238
Legal Registered Office Address: 198 CANAL STREET, SUITE 602
New York
NEW YORK
United States of America (USA)
10013

More information about NEW YORK PULMONARY & SLEEP MEDICINE, P.C.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW YORK PULMONARY & SLEEP MEDICINE PC PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01MEI LAM2023-10-05 MEI LAM2023-10-05
0022021-01-01MEI LEE LAM2022-10-13 MEI LEE LAM2022-10-13
0022020-01-01MEI LAM2021-10-05 MEI LAM2021-10-05
0022019-01-01MEI LAM2020-10-10 MEI LAM2020-10-10
0022018-01-01MEI LAM2019-10-14
0022017-01-01MEI LAM2018-10-11
0022016-01-01MEI LAM2017-10-10
0022016-01-01MEI LAM2018-10-11

Plan Statistics for NEW YORK PULMONARY & SLEEP MEDICINE PC PENSION PLAN

401k plan membership statisitcs for NEW YORK PULMONARY & SLEEP MEDICINE PC PENSION PLAN

Measure Date Value
2022: NEW YORK PULMONARY & SLEEP MEDICINE PC PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-311,790,883
Acturial value of plan assets2022-12-311,790,883
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-316
Fundng target for terminated vested participants2022-12-3126,656
Active participant vested funding target2022-12-311,777,444
Number of active participants2022-12-318
Total funding liabilities for active participants2022-12-311,777,444
Total participant count2022-12-3114
Total funding target for all participants2022-12-311,804,100
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 contributions2022-12-31136,787
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31136,787
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 contributions2022-12-31144,719
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 date2022-12-31139,992
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 cost2022-12-31138,771
Net shortfall amortization installment of oustanding balance2022-12-3113,217
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31139,992
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31139,992
Contributions allocatedtoward minimum required contributions for current year2022-12-31139,992
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: NEW YORK PULMONARY & SLEEP MEDICINE PC PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-311,937,007
Acturial value of plan assets2021-12-311,937,007
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-317
Fundng target for terminated vested participants2021-12-3124,810
Active participant vested funding target2021-12-311,516,388
Number of active participants2021-12-316
Total funding liabilities for active participants2021-12-311,516,388
Total participant count2021-12-3113
Total funding target for all participants2021-12-311,541,198
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 contributions2021-12-31135,042
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31135,042
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 contributions2021-12-31141,765
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 date2021-12-31136,787
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 cost2021-12-31131,879
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31136,787
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: NEW YORK PULMONARY & SLEEP MEDICINE PC PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-311,607,187
Acturial value of plan assets2020-12-311,607,187
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-316
Fundng target for terminated vested participants2020-12-3123,438
Active participant vested funding target2020-12-311,299,488
Number of active participants2020-12-317
Total funding liabilities for active participants2020-12-311,299,488
Total participant count2020-12-3113
Total funding target for all participants2020-12-311,322,926
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 contributions2020-12-3199,756
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3199,756
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 contributions2020-12-31140,239
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 date2020-12-31135,042
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 cost2020-12-31127,929
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31135,042
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: NEW YORK PULMONARY & SLEEP MEDICINE PC PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-311,336,852
Acturial value of plan assets2019-12-311,336,852
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-314
Fundng target for terminated vested participants2019-12-317,708
Active participant vested funding target2019-12-311,129,162
Number of active participants2019-12-318
Total funding liabilities for active participants2019-12-311,129,162
Total participant count2019-12-3112
Total funding target for all participants2019-12-311,136,870
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 contributions2019-12-3114,546
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3114,546
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 contributions2019-12-31103,504
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 date2019-12-3199,756
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 cost2019-12-31130,452
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-3199,756
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: NEW YORK PULMONARY & SLEEP MEDICINE PC PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-311,002,383
Acturial value of plan assets2018-12-311,002,383
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-311,559
Active participant vested funding target2018-12-31998,790
Number of active participants2018-12-3112
Total funding liabilities for active participants2018-12-31998,790
Total participant count2018-12-3113
Total funding target for all participants2018-12-311,000,349
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31145,146
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31134,528
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31125,978
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31123,944
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31123,944
Contributions allocatedtoward minimum required contributions for current year2018-12-31134,528
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: NEW YORK PULMONARY & SLEEP MEDICINE PC PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-31756,757
Acturial value of plan assets2017-12-31756,757
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-311,455
Active participant vested funding target2017-12-31780,458
Number of active participants2017-12-3111
Total funding liabilities for active participants2017-12-31780,458
Total participant count2017-12-3112
Total funding target for all participants2017-12-31781,913
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31145,690
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-31105,304
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-3134,700
Unpaid minimum required contributions for all prior years2017-12-31105,304
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-31105,304
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31117,888
Net shortfall amortization installment of oustanding balance2017-12-3125,156
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31122,019
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31122,019
Contributions allocatedtoward minimum required contributions for current year2017-12-3134,700
Unpaid minimum required contributions for current year2017-12-3187,319
Unpaid minimum required contributions for all years2017-12-3187,319
2016: NEW YORK PULMONARY & SLEEP MEDICINE PC PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31663,685
Acturial value of plan assets2016-12-31663,685
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-311,294
Active participant vested funding target2016-12-31623,701
Number of active participants2016-12-3111
Total funding liabilities for active participants2016-12-31623,701
Total participant count2016-12-3111
Total funding target for all participants2016-12-31624,995
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 contributions2016-12-3137,970
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3137,970
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31169,833
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 date2016-12-31163,129
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 cost2016-12-31143,994
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31105,304
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31105,304
Contributions allocatedtoward minimum required contributions for current year2016-12-31163,129
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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