PHILIP J.MCGANN, M.D., P.A. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan PHILIP J. MCGANN, M. D. , P. A. CASH BALANCE PENSION PLAN
401k plan membership statisitcs for PHILIP J. MCGANN, M. D. , P. A. CASH BALANCE PENSION PLAN
Measure | Date | Value |
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2022: PHILIP J. MCGANN, M. D. , P. A. CASH BALANCE PENSION PLAN 2022 401k membership |
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Market value of plan assets | 2022-08-31 | 721,156 |
Acturial value of plan assets | 2022-08-31 | 721,156 |
Funding target for retired participants and beneficiaries receiving payment | 2022-08-31 | 0 |
Number of terminated vested participants | 2022-08-31 | 0 |
Fundng target for terminated vested participants | 2022-08-31 | 0 |
Active participant vested funding target | 2022-08-31 | 639,126 |
Number of active participants | 2022-08-31 | 5 |
Total funding liabilities for active participants | 2022-08-31 | 639,126 |
Total participant count | 2022-08-31 | 5 |
Total funding target for all participants | 2022-08-31 | 639,126 |
Balance at beginning of prior year after applicable adjustments | 2022-08-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-08-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-08-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-08-31 | 0 |
Amount remaining of carryover balance | 2022-08-31 | 0 |
Amount remaining of prefunding balance | 2022-08-31 | 0 |
Present value of excess contributions | 2022-08-31 | 18,017 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-08-31 | 18,891 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-08-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2022-08-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-08-31 | 0 |
Balance of carryovers at beginning of current year | 2022-08-31 | 0 |
Balance of prefunding at beginning of current year | 2022-08-31 | 0 |
Total employer contributions | 2022-08-31 | 238,734 |
Total employee contributions | 2022-08-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-08-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-08-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-08-31 | 235,274 |
Unpaid minimum required contributions for all prior years | 2022-08-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-08-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-08-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-08-31 | 301,538 |
Net shortfall amortization installment of oustanding balance | 2022-08-31 | 0 |
Waiver amortization installment | 2022-08-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-08-31 | 219,508 |
Carryover balance elected to use to offset funding requirement | 2022-08-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-08-31 | 0 |
Additional cash requirement | 2022-08-31 | 219,508 |
Contributions allocatedtoward minimum required contributions for current year | 2022-08-31 | 235,274 |
Unpaid minimum required contributions for current year | 2022-08-31 | 0 |
Unpaid minimum required contributions for all years | 2022-08-31 | 0 |
2021: PHILIP J. MCGANN, M. D. , P. A. CASH BALANCE PENSION PLAN 2021 401k membership |
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Market value of plan assets | 2021-08-31 | 326,774 |
Acturial value of plan assets | 2021-08-31 | 326,774 |
Funding target for retired participants and beneficiaries receiving payment | 2021-08-31 | 0 |
Number of terminated vested participants | 2021-08-31 | 0 |
Fundng target for terminated vested participants | 2021-08-31 | 0 |
Active participant vested funding target | 2021-08-31 | 236,862 |
Number of active participants | 2021-08-31 | 5 |
Total funding liabilities for active participants | 2021-08-31 | 310,792 |
Total participant count | 2021-08-31 | 5 |
Total funding target for all participants | 2021-08-31 | 310,792 |
Balance at beginning of prior year after applicable adjustments | 2021-08-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-08-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2021-08-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2021-08-31 | 0 |
Amount remaining of carryover balance | 2021-08-31 | 0 |
Amount remaining of prefunding balance | 2021-08-31 | 0 |
Present value of excess contributions | 2021-08-31 | 7,705 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-08-31 | 8,000 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-08-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2021-08-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2021-08-31 | 0 |
Balance of carryovers at beginning of current year | 2021-08-31 | 0 |
Balance of prefunding at beginning of current year | 2021-08-31 | 0 |
Total employer contributions | 2021-08-31 | 306,712 |
Total employee contributions | 2021-08-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2021-08-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2021-08-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-08-31 | 300,984 |
Unpaid minimum required contributions for all prior years | 2021-08-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-08-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-08-31 | 0 |
Minimum required contributions for current year target normal cost | 2021-08-31 | 298,949 |
Net shortfall amortization installment of oustanding balance | 2021-08-31 | 0 |
Waiver amortization installment | 2021-08-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-08-31 | 282,967 |
Carryover balance elected to use to offset funding requirement | 2021-08-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2021-08-31 | 0 |
Additional cash requirement | 2021-08-31 | 282,967 |
Contributions allocatedtoward minimum required contributions for current year | 2021-08-31 | 300,984 |
Unpaid minimum required contributions for current year | 2021-08-31 | 0 |
Unpaid minimum required contributions for all years | 2021-08-31 | 0 |
2020: PHILIP J. MCGANN, M. D. , P. A. CASH BALANCE PENSION PLAN 2020 401k membership |
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Market value of plan assets | 2020-08-31 | 0 |
Acturial value of plan assets | 2020-08-31 | 0 |
Funding target for retired participants and beneficiaries receiving payment | 2020-08-31 | 0 |
Number of terminated vested participants | 2020-08-31 | 0 |
Fundng target for terminated vested participants | 2020-08-31 | 0 |
Active participant vested funding target | 2020-08-31 | 0 |
Number of active participants | 2020-08-31 | 4 |
Total funding liabilities for active participants | 2020-08-31 | 0 |
Total participant count | 2020-08-31 | 4 |
Total funding target for all participants | 2020-08-31 | 0 |
Balance at beginning of prior year after applicable adjustments | 2020-08-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-08-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2020-08-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2020-08-31 | 0 |
Amount remaining of carryover balance | 2020-08-31 | 0 |
Amount remaining of prefunding balance | 2020-08-31 | 0 |
Present value of excess contributions | 2020-08-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-08-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-08-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2020-08-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-08-31 | 0 |
Balance of carryovers at beginning of current year | 2020-08-31 | 0 |
Balance of prefunding at beginning of current year | 2020-08-31 | 0 |
Total employer contributions | 2020-08-31 | 323,681 |
Total employee contributions | 2020-08-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-08-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-08-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-08-31 | 311,386 |
Unpaid minimum required contributions for all prior years | 2020-08-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-08-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-08-31 | 0 |
Minimum required contributions for current year target normal cost | 2020-08-31 | 303,631 |
Net shortfall amortization installment of oustanding balance | 2020-08-31 | 0 |
Waiver amortization installment | 2020-08-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-08-31 | 303,631 |
Carryover balance elected to use to offset funding requirement | 2020-08-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2020-08-31 | 0 |
Additional cash requirement | 2020-08-31 | 303,631 |
Contributions allocatedtoward minimum required contributions for current year | 2020-08-31 | 311,386 |
Unpaid minimum required contributions for current year | 2020-08-31 | 0 |
Unpaid minimum required contributions for all years | 2020-08-31 | 0 |