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WILLIAM H. SMARTT, DDS, PC CASH BALANCE PLAN 401k Plan overview

Plan NameWILLIAM H. SMARTT, DDS, PC CASH BALANCE PLAN
Plan identification number 002

WILLIAM H. SMARTT, DDS, PC CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan covering Self-Employed individuals.

401k Sponsoring company profile

WILLIAM H. SMARTT, DDS, PC has sponsored the creation of one or more 401k plans.

Company Name:WILLIAM H. SMARTT, DDS, PC
Employer identification number (EIN):621824161
NAIC Classification:621210
NAIC Description:Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WILLIAM H. SMARTT, DDS, PC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01WILLIAM H. SMARTT, DDS, PC2015-10-12
0022013-01-01WILLIAM H. SMARTT, DDS, PC2014-10-13

Plan Statistics for WILLIAM H. SMARTT, DDS, PC CASH BALANCE PLAN

401k plan membership statisitcs for WILLIAM H. SMARTT, DDS, PC CASH BALANCE PLAN

Measure Date Value
2019: WILLIAM H. SMARTT, DDS, PC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31575,746
Acturial value of plan assets2019-12-31575,746
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-313
Fundng target for terminated vested participants2019-12-3110,511
Active participant vested funding target2019-12-31638,372
Number of active participants2019-12-313
Total funding liabilities for active participants2019-12-31638,372
Total participant count2019-12-316
Total funding target for all participants2019-12-31648,883
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-3171
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3174
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-310
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 date2019-12-310
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 cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-3173,137
Total funding amount beforereflecting carryover/prefunding balances2019-12-311,110
Additional cash requirement2019-12-311,110
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-311,110
Unpaid minimum required contributions for all years2019-12-311,110
2018: WILLIAM H. SMARTT, DDS, PC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31470,615
Acturial value of plan assets2018-12-31470,615
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-312,498
Active participant vested funding target2018-12-31504,247
Number of active participants2018-12-315
Total funding liabilities for active participants2018-12-31504,247
Total participant count2018-12-316
Total funding target for all participants2018-12-31506,745
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3122
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3123
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31137,465
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 date2018-12-31124,238
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 cost2018-12-31117,665
Net shortfall amortization installment of oustanding balance2018-12-3136,130
Total funding amount beforereflecting carryover/prefunding balances2018-12-31124,167
Additional cash requirement2018-12-31124,167
Contributions allocatedtoward minimum required contributions for current year2018-12-31124,238
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: WILLIAM H. SMARTT, DDS, PC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31351,029
Acturial value of plan assets2017-12-31351,029
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-311,950
Active participant vested funding target2017-12-31362,912
Number of active participants2017-12-315
Total funding liabilities for active participants2017-12-31362,912
Total participant count2017-12-316
Total funding target for all participants2017-12-31364,862
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-314,831
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-315,118
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-3198,614
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 date2017-12-3186,373
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 cost2017-12-3183,796
Net shortfall amortization installment of oustanding balance2017-12-3113,833
Total funding amount beforereflecting carryover/prefunding balances2017-12-3186,351
Additional cash requirement2017-12-3186,351
Contributions allocatedtoward minimum required contributions for current year2017-12-3186,373
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: WILLIAM H. SMARTT, DDS, PC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31246,434
Acturial value of plan assets2016-12-31246,434
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-311,783
Active participant vested funding target2016-12-31259,258
Number of active participants2016-12-315
Total funding liabilities for active participants2016-12-31259,258
Total participant count2016-12-316
Total funding target for all participants2016-12-31261,041
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-316
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-316
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-3196,842
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 date2016-12-3187,766
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 cost2016-12-3180,522
Net shortfall amortization installment of oustanding balance2016-12-3114,607
Total funding amount beforereflecting carryover/prefunding balances2016-12-3182,935
Additional cash requirement2016-12-3182,935
Contributions allocatedtoward minimum required contributions for current year2016-12-3187,766
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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