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EASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A. CASH BALANCE PLAN 401k Plan overview

Plan NameEASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A. CASH BALANCE PLAN
Plan identification number 003

EASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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

EASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A. has sponsored the creation of one or more 401k plans.

Company Name:EASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A.
Employer identification number (EIN):520970316
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01
0032022-01-01
0032021-01-01
0032020-01-01
0032019-01-01
0032018-01-01
0032017-01-01
0032016-01-01
0032015-01-01
0032014-01-01MICHAEL KELLEHER, MD2015-07-23
0032013-01-01MICHAEL KELLEHER, MD2014-07-29
0032012-01-01JAMES R. GAUL, MD2013-09-05
0032011-01-01JAMES R. GAUL, MD2012-07-26
0032010-01-01JAMES R. GAUL, MD2011-06-06

Plan Statistics for EASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A. CASH BALANCE PLAN

401k plan membership statisitcs for EASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A. CASH BALANCE PLAN

Measure Date Value
2023: EASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A. CASH BALANCE PLAN 2023 401k membership
Market value of plan assets2023-07-316,218,011
Acturial value of plan assets2023-07-316,218,011
Funding target for retired participants and beneficiaries receiving payment2023-07-310
Number of terminated vested participants2023-07-315
Fundng target for terminated vested participants2023-07-3176,353
Active participant vested funding target2023-07-316,088,910
Number of active participants2023-07-3126
Total funding liabilities for active participants2023-07-316,088,910
Total participant count2023-07-3131
Total funding target for all participants2023-07-316,165,263
Balance at beginning of prior year after applicable adjustments2023-07-310
Prefunding balance at beginning of prior year after applicable adjustments2023-07-31841,801
Carryover balanced portion elected for use to offset prior years funding requirement2023-07-310
Prefunding balanced used to offset prior years funding requirement2023-07-310
Amount remaining of carryover balance2023-07-310
Amount remaining of prefunding balance2023-07-31841,801
Present value of excess contributions2023-07-31455,741
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-07-31478,938
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-07-310
Reductions in caryover balances due to elections or deemed elections2023-07-310
Reductions in prefunding balances due to elections or deemed elections2023-07-310
Balance of carryovers at beginning of current year2023-07-310
Balance of prefunding at beginning of current year2023-07-31720,329
Total employer contributions2023-07-3150,000
Total employee contributions2023-07-310
Contributions allocated toward unpaid minimum require contributions from prior years2023-07-310
Contributions made to avoid restrictions adjusted to valuation date2023-07-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-07-3148,886
Unpaid minimum required contributions for all prior years2023-07-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-07-310
Remaining amount of unpaid minimum required contributions2023-07-310
Minimum required contributions for current year target normal cost2023-07-310
Net shortfall amortization installment of oustanding balance2023-07-311,359,030
Waiver amortization installment2023-07-310
Total funding amount beforereflecting carryover/prefunding balances2023-07-3121,452
Additional cash requirement2023-07-3121,452
Contributions allocatedtoward minimum required contributions for current year2023-07-3148,886
Unpaid minimum required contributions for current year2023-07-310
Unpaid minimum required contributions for all years2023-07-310
2022: EASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-315,630,647
Acturial value of plan assets2022-12-315,630,647
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-315
Fundng target for terminated vested participants2022-12-3174,810
Active participant vested funding target2022-12-316,081,467
Number of active participants2022-12-3126
Total funding liabilities for active participants2022-12-316,083,315
Total participant count2022-12-3131
Total funding target for all participants2022-12-316,158,125
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31857,950
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-3144,694
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31813,256
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
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 year2022-12-31841,801
Total employer contributions2022-12-31590,500
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 date2022-12-31586,238
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 cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-311,412,127
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31130,497
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31130,497
Contributions allocatedtoward minimum required contributions for current year2022-12-31586,238
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: EASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-316,160,257
Acturial value of plan assets2021-12-316,160,257
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-316
Fundng target for terminated vested participants2021-12-3171,571
Active participant vested funding target2021-12-315,435,548
Number of active participants2021-12-3129
Total funding liabilities for active participants2021-12-315,435,548
Total participant count2021-12-3135
Total funding target for all participants2021-12-315,507,119
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31828,457
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 balance2021-12-31828,457
Present value of excess contributions2021-12-313,983
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-313,983
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 year2021-12-31857,950
Total employer contributions2021-12-31456,432
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 date2021-12-31431,964
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 cost2021-12-31437,947
Net shortfall amortization installment of oustanding balance2021-12-31248,739
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31478,939
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-3146,975
Additional cash requirement2021-12-31431,964
Contributions allocatedtoward minimum required contributions for current year2021-12-31431,964
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: EASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-315,611,112
Acturial value of plan assets2020-12-315,611,112
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-315
Fundng target for terminated vested participants2020-12-3177,144
Active participant vested funding target2020-12-314,855,493
Number of active participants2020-12-3132
Total funding liabilities for active participants2020-12-314,855,493
Total participant count2020-12-3137
Total funding target for all participants2020-12-314,932,637
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31732,629
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 balance2020-12-31732,629
Present value of excess contributions2020-12-313,142
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-313,142
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 year2020-12-31828,457
Total employer contributions2020-12-31452,339
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 date2020-12-31440,516
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 cost2020-12-31436,533
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31436,533
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31436,533
Contributions allocatedtoward minimum required contributions for current year2020-12-31440,516
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: EASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-314,986,622
Acturial value of plan assets2019-12-314,986,622
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-316
Fundng target for terminated vested participants2019-12-3189,309
Active participant vested funding target2019-12-314,205,960
Number of active participants2019-12-3130
Total funding liabilities for active participants2019-12-314,207,481
Total participant count2019-12-3136
Total funding target for all participants2019-12-314,296,790
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31763,473
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 balance2019-12-31763,473
Present value of excess contributions2019-12-3114,335
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3114,335
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 year2019-12-31732,629
Total employer contributions2019-12-31454,748
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 date2019-12-31439,726
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 cost2019-12-31436,584
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31436,584
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31436,584
Contributions allocatedtoward minimum required contributions for current year2019-12-31439,726
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: EASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-313,956,988
Acturial value of plan assets2018-12-313,956,988
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-314
Fundng target for terminated vested participants2018-12-3148,253
Active participant vested funding target2018-12-313,616,503
Number of active participants2018-12-3132
Total funding liabilities for active participants2018-12-313,617,228
Total participant count2018-12-3136
Total funding target for all participants2018-12-313,665,481
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31627,254
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 balance2018-12-31627,254
Present value of excess contributions2018-12-3159,819
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3159,819
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3159,819
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 year2018-12-31763,473
Total employer contributions2018-12-31454,452
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 date2018-12-31448,108
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 cost2018-12-31433,773
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31433,773
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31433,773
Contributions allocatedtoward minimum required contributions for current year2018-12-31448,108
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: EASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-313,630,980
Acturial value of plan assets2017-12-313,630,980
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-313
Fundng target for terminated vested participants2017-12-3131,151
Active participant vested funding target2017-12-313,021,931
Number of active participants2017-12-3132
Total funding liabilities for active participants2017-12-313,023,968
Total participant count2017-12-3135
Total funding target for all participants2017-12-313,055,119
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31584,090
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 balance2017-12-31584,090
Present value of excess contributions2017-12-3151,287
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3151,287
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 year2017-12-31627,254
Total employer contributions2017-12-31490,691
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 date2017-12-31485,492
Unpaid minimum required contributions for all prior years2017-12-310
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 cost2017-12-31425,673
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31425,673
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31425,673
Contributions allocatedtoward minimum required contributions for current year2017-12-31485,492
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: EASTERN SHORE ENT & ALLERGY ASSOCIATES, P.A. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-312,871,051
Acturial value of plan assets2016-12-312,871,051
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-314
Fundng target for terminated vested participants2016-12-3131,327
Active participant vested funding target2016-12-312,395,272
Number of active participants2016-12-3128
Total funding liabilities for active participants2016-12-312,395,647
Total participant count2016-12-3132
Total funding target for all participants2016-12-312,426,974
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31589,573
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 balance2016-12-31589,573
Present value of excess contributions2016-12-3153,686
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3153,686
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 year2016-12-31584,090
Total employer contributions2016-12-31378,105
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 date2016-12-31372,731
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 cost2016-12-31321,444
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31321,444
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31321,444
Contributions allocatedtoward minimum required contributions for current year2016-12-31372,731
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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