?>
Logo

MICHAEL A. DRUMMOND, MD, PC CASH BALANCE PLAN 401k Plan overview

Plan NameMICHAEL A. DRUMMOND, MD, PC CASH BALANCE PLAN
Plan identification number 003

MICHAEL A. DRUMMOND, MD, PC CASH BALANCE 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

MICHAEL A. DRUMMOND, MD, PC has sponsored the creation of one or more 401k plans.

Company Name:MICHAEL A. DRUMMOND, MD, PC
Employer identification number (EIN):631017607
NAIC Classification:621112
NAIC Description:Offices of Physicians, Mental Health Specialists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MICHAEL A. DRUMMOND, MD, PC 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

Plan Statistics for MICHAEL A. DRUMMOND, MD, PC CASH BALANCE PLAN

401k plan membership statisitcs for MICHAEL A. DRUMMOND, MD, PC CASH BALANCE PLAN

Measure Date Value
2023: MICHAEL A. DRUMMOND, MD, PC CASH BALANCE PLAN 2023 401k membership
Market value of plan assets2023-03-131,644,474
Acturial value of plan assets2023-03-131,644,474
Funding target for retired participants and beneficiaries receiving payment2023-03-130
Number of terminated vested participants2023-03-132
Fundng target for terminated vested participants2023-03-139,422
Active participant vested funding target2023-03-131,415,355
Number of active participants2023-03-138
Total funding liabilities for active participants2023-03-131,415,355
Total participant count2023-03-1310
Total funding target for all participants2023-03-131,424,777
Balance at beginning of prior year after applicable adjustments2023-03-130
Prefunding balance at beginning of prior year after applicable adjustments2023-03-130
Carryover balanced portion elected for use to offset prior years funding requirement2023-03-130
Prefunding balanced used to offset prior years funding requirement2023-03-130
Amount remaining of carryover balance2023-03-130
Amount remaining of prefunding balance2023-03-130
Present value of excess contributions2023-03-13208,044
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-03-13218,737
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-03-130
Reductions in caryover balances due to elections or deemed elections2023-03-130
Reductions in prefunding balances due to elections or deemed elections2023-03-130
Balance of carryovers at beginning of current year2023-03-130
Balance of prefunding at beginning of current year2023-03-130
Total employer contributions2023-03-130
Total employee contributions2023-03-130
Contributions allocated toward unpaid minimum require contributions from prior years2023-03-130
Contributions made to avoid restrictions adjusted to valuation date2023-03-130
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-03-130
Unpaid minimum required contributions for all prior years2023-03-130
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-03-130
Remaining amount of unpaid minimum required contributions2023-03-130
Minimum required contributions for current year target normal cost2023-03-1398,480
Net shortfall amortization installment of oustanding balance2023-03-130
Waiver amortization installment2023-03-130
Total funding amount beforereflecting carryover/prefunding balances2023-03-130
Additional cash requirement2023-03-130
Contributions allocatedtoward minimum required contributions for current year2023-03-130
Unpaid minimum required contributions for current year2023-03-130
Unpaid minimum required contributions for all years2023-03-130
2022: MICHAEL A. DRUMMOND, MD, PC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-311,261,671
Acturial value of plan assets2022-12-311,261,671
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-312
Fundng target for terminated vested participants2022-12-3110,169
Active participant vested funding target2022-12-311,409,461
Number of active participants2022-12-317
Total funding liabilities for active participants2022-12-311,409,461
Total participant count2022-12-319
Total funding target for all participants2022-12-311,419,630
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 contributions2022-12-3187,142
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3187,142
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 contributions2022-12-31382,803
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 date2022-12-31381,125
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 cost2022-12-31158,484
Net shortfall amortization installment of oustanding balance2022-12-31157,959
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31173,081
Additional cash requirement2022-12-31173,081
Contributions allocatedtoward minimum required contributions for current year2022-12-31381,125
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: MICHAEL A. DRUMMOND, MD, PC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-311,255,761
Acturial value of plan assets2021-12-311,255,761
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-312
Fundng target for terminated vested participants2021-12-319,139
Active participant vested funding target2021-12-311,169,929
Number of active participants2021-12-317
Total funding liabilities for active participants2021-12-311,169,929
Total participant count2021-12-319
Total funding target for all participants2021-12-311,179,068
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 contributions2021-12-3191,837
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3191,837
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 contributions2021-12-31185,729
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 date2021-12-31181,950
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 cost2021-12-31171,501
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3194,808
Additional cash requirement2021-12-3194,808
Contributions allocatedtoward minimum required contributions for current year2021-12-31181,950
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: MICHAEL A. DRUMMOND, MD, PC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,033,810
Acturial value of plan assets2020-12-311,033,810
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-312,247
Active participant vested funding target2020-12-31946,595
Number of active participants2020-12-318
Total funding liabilities for active participants2020-12-31946,595
Total participant count2020-12-319
Total funding target for all participants2020-12-31948,842
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 contributions2020-12-3173,354
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3173,354
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 contributions2020-12-31190,471
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 date2020-12-31180,641
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 cost2020-12-31173,772
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3188,804
Additional cash requirement2020-12-3188,804
Contributions allocatedtoward minimum required contributions for current year2020-12-31180,641
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: MICHAEL A. DRUMMOND, MD, PC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31709,552
Acturial value of plan assets2019-12-31709,552
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-312,192
Active participant vested funding target2019-12-31756,158
Number of active participants2019-12-318
Total funding liabilities for active participants2019-12-31756,158
Total participant count2019-12-319
Total funding target for all participants2019-12-31758,350
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 contributions2019-12-3163
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3163
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 contributions2019-12-31266,552
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 date2019-12-31258,658
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 cost2019-12-31177,375
Net shortfall amortization installment of oustanding balance2019-12-3148,798
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31185,304
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31185,304
Contributions allocatedtoward minimum required contributions for current year2019-12-31258,658
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: MICHAEL A. DRUMMOND, MD, PC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31568,634
Acturial value of plan assets2018-12-31568,634
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-31513,532
Number of active participants2018-12-319
Total funding liabilities for active participants2018-12-31513,532
Total participant count2018-12-319
Total funding target for all participants2018-12-31513,532
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 contributions2018-12-3191,923
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3191,923
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31112,702
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 date2018-12-31108,523
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 cost2018-12-31163,562
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31108,460
Additional cash requirement2018-12-31108,460
Contributions allocatedtoward minimum required contributions for current year2018-12-31108,523
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: MICHAEL A. DRUMMOND, MD, PC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31389,711
Acturial value of plan assets2017-12-31389,711
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-31323,546
Number of active participants2017-12-3110
Total funding liabilities for active participants2017-12-31323,546
Total participant count2017-12-3110
Total funding target for all participants2017-12-31323,546
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 contributions2017-12-3168,375
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3168,375
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31191,230
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 date2017-12-31183,836
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 cost2017-12-31158,078
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3191,913
Additional cash requirement2017-12-3191,913
Contributions allocatedtoward minimum required contributions for current year2017-12-31183,836
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: MICHAEL A. DRUMMOND, MD, PC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31176,551
Acturial value of plan assets2016-12-31176,551
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-310
Number of active participants2016-12-318
Total funding liabilities for active participants2016-12-31152,980
Total participant count2016-12-318
Total funding target for all participants2016-12-31152,980
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 contributions2016-12-3127,677
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3127,677
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31201,657
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 date2016-12-31193,659
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 cost2016-12-31148,855
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31125,284
Additional cash requirement2016-12-31125,284
Contributions allocatedtoward minimum required contributions for current year2016-12-31193,659
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3