401k Plan data: CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN plan

CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan Name	CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN
Plan identification number	001

CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN Benefits

401k Plan Type

Defined 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).
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

CUSTOM MEDICAL SPECIALTIES, INC. has sponsored the creation of one or more 401k plans.

Company Name: CUSTOM MEDICAL SPECIALTIES, INC.

Employer identification number (EIN): 562149649

NAIC Classification: 333310

Additional information about CUSTOM MEDICAL SPECIALTIES, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 1987-06-15

Company Identification Number: J77911

Legal Registered Office Address: 1008 67TH AVENUE DRIVE WEST

BRADENTON

34207

More information about CUSTOM MEDICAL SPECIALTIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2018-01-01 JACK PEACOCK 2018-11-15
001 2017-01-01 JACK PEACOCK 2018-07-24
001 2016-01-01 JACK PEACOCK 2017-09-14
001 2015-01-01 JACK PEACOCK 2016-09-27
001 2014-01-01 JACK PEACOCK 2015-10-08
001 2013-01-01
001 2012-01-01 JACK PEACOCK 2013-10-13 JACK PEACOCK 2013-10-13
001 2011-01-01 JACK PEACOCK 2012-10-13 JACK PEACOCK 2012-10-13
001 2009-01-01 JACK PEACOCK JACK PEACOCK 2010-09-29

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2018-01-01	JACK PEACOCK	2018-11-15
001	2017-01-01	JACK PEACOCK	2018-07-24
001	2016-01-01	JACK PEACOCK	2017-09-14
001	2015-01-01	JACK PEACOCK	2016-09-27
001	2014-01-01	JACK PEACOCK	2015-10-08
001	2013-01-01
001	2012-01-01	JACK PEACOCK	2013-10-13	JACK PEACOCK	2013-10-13
001	2011-01-01	JACK PEACOCK	2012-10-13	JACK PEACOCK	2012-10-13
001	2009-01-01	JACK PEACOCK		JACK PEACOCK	2010-09-29

Plan Statistics for CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2017: CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 932,670
Acturial value of plan assets 2017-12-31 932,670
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 0
Fundng target for terminated vested participants 2017-12-31 0
Active participant vested funding target 2017-12-31 1,032,278
Number of active participants 2017-12-31 6
Total funding liabilities for active participants 2017-12-31 1,032,278
Total participant count 2017-12-31 6
Total funding target for all participants 2017-12-31 1,032,278
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 216
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 228
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 0
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 0
Liquidity shortfalls end of Q1 2017-12-31 0
Liquidity shortfalls end of Q2 2017-12-31 0
Liquidity shortfalls end of Q3 2017-12-31 0
Liquidity shortfalls end of Q4 2017-12-31 0
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 0
Net shortfall amortization installment of oustanding balance 2017-12-31 99,608
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 16,875
Additional cash requirement 2017-12-31 16,875
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for current year 2017-12-31 16,875
Unpaid minimum required contributions for all years 2017-12-31 16,875
2016: CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 836,690
Acturial value of plan assets 2016-12-31 836,690
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 0
Fundng target for terminated vested participants 2016-12-31 0
Active participant vested funding target 2016-12-31 1,011,004
Number of active participants 2016-12-31 6
Total funding liabilities for active participants 2016-12-31 1,011,004
Total participant count 2016-12-31 6
Total funding target for all participants 2016-12-31 1,011,004
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 147,427
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 100,428
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 30,406
Unpaid minimum required contributions for all prior years 2016-12-31 100,428
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 100,428
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 0
Net shortfall amortization installment of oustanding balance 2016-12-31 174,314
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 30,190
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 30,190
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 30,406
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0
2009: CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 0
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 6
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 0
Total of all active and inactive participants 2009-01-01 6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2017: CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	932,670
Acturial value of plan assets	2017-12-31	932,670
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	0
Fundng target for terminated vested participants	2017-12-31	0
Active participant vested funding target	2017-12-31	1,032,278
Number of active participants	2017-12-31	6
Total funding liabilities for active participants	2017-12-31	1,032,278
Total participant count	2017-12-31	6
Total funding target for all participants	2017-12-31	1,032,278
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	216
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	228
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	0
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	0
Liquidity shortfalls end of Q1	2017-12-31	0
Liquidity shortfalls end of Q2	2017-12-31	0
Liquidity shortfalls end of Q3	2017-12-31	0
Liquidity shortfalls end of Q4	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	0
Net shortfall amortization installment of oustanding balance	2017-12-31	99,608
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	16,875
Additional cash requirement	2017-12-31	16,875
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for current year	2017-12-31	16,875
Unpaid minimum required contributions for all years	2017-12-31	16,875
2016: CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	836,690
Acturial value of plan assets	2016-12-31	836,690
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	0
Fundng target for terminated vested participants	2016-12-31	0
Active participant vested funding target	2016-12-31	1,011,004
Number of active participants	2016-12-31	6
Total funding liabilities for active participants	2016-12-31	1,011,004
Total participant count	2016-12-31	6
Total funding target for all participants	2016-12-31	1,011,004
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	147,427
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	100,428
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	30,406
Unpaid minimum required contributions for all prior years	2016-12-31	100,428
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	100,428
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	0
Net shortfall amortization installment of oustanding balance	2016-12-31	174,314
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	30,190
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	30,190
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	30,406
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0
2009: CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	0
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	6
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	0
Total of all active and inactive participants	2009-01-01	6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN

Measure	Date	Value
2010 : CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN 2010 401k financial data
Transfers to/from the plan	2010-12-31	$0
Total plan liabilities at end of year	2010-12-31	$0
Total plan liabilities at beginning of year	2010-12-31	$0
Total income from all sources	2010-12-31	$180,566
Expenses. Total of all expenses incurred	2010-12-31	$0
Benefits paid (including direct rollovers)	2010-12-31	$0
Total plan assets at end of year	2010-12-31	$280,566
Total plan assets at beginning of year	2010-12-31	$100,000
Total contributions received or receivable from participants	2010-12-31	$0
Expenses. Other expenses not covered elsewhere	2010-12-31	$0
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$4,074
Noncash contributions received	2010-12-31	$0
Net income (gross income less expenses)	2010-12-31	$180,566
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$280,566
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$100,000
Total contributions received or receivable from employer(s)	2010-12-31	$176,492
Value of certain deemed distributions of participant loans	2010-12-31	$0
Value of corrective distributions	2010-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN

2009: CUSTOM MEDICAL SPECIALTIES, INC. DEFINED BENEFIT PENSION PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	First time form 5500 has been submitted	Yes
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	CUSTOM MEDICAL SPECIALTIES, INC.
Employer identification number (EIN):	562149649
NAIC Classification:	333310

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	1987-06-15
Company Identification Number:	J77911
Legal Registered Office Address:	1008 67TH AVENUE DRIVE WEST BRADENTON 34207