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EASTERN SHORE HEART CENTER CASH BALANCE PLAN 401k Plan overview

Plan NameEASTERN SHORE HEART CENTER CASH BALANCE PLAN
Plan identification number 002

EASTERN SHORE HEART CENTER 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).

401k Sponsoring company profile

EASTERN SHORE HEART CENTER has sponsored the creation of one or more 401k plans.

Company Name:EASTERN SHORE HEART CENTER
Employer identification number (EIN):631220236
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 HEART CENTER CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022024-01-01CRAIG PETERSON2024-05-29 CRAIG PETERSON2024-05-29
0022023-01-01CRAIG PETERSON2024-03-20 CRAIG PETERSON2024-03-20
0022022-01-01CRAIG PETERSON2023-09-21 CRAIG PETERSON2023-09-21
0022021-01-01CRAIG PETERSON2022-10-07 CRAIG PETERSON2022-10-07
0022020-01-01PETERSON CRAIG2021-04-23 PETERSON CRAIG2021-04-23
0022019-01-01CRAIG PETERSON2020-08-27 CRAIG PETERSON2020-08-27
0022018-01-01CRAIG PETERSON2019-02-13 CRAIG PETERSON2019-02-13
0022017-01-01CRAIG PETERSON2018-04-30 CRAIG PETERSON2018-04-30
0022016-01-01CRAIG PETERSON2017-07-07 CRAIG PETERSON2017-07-07
0022015-01-01CRAIG PETERSON2016-04-29
0022014-01-01CRAIG PETERSON2015-07-17
0022013-01-01CRAIG R. PETERSON2014-06-17
0022012-01-01CRAIG R. PETERSON2013-09-26
0022011-01-01CRAIG R. PETERSON2012-04-04

Financial Data on EASTERN SHORE HEART CENTER CASH BALANCE PLAN

Measure Date Value
2024 : EASTERN SHORE HEART CENTER CASH BALANCE PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-05-290
Total liabilities as of the beginning of the plan year2024-05-290
Total expenses incurred by plan in this plan year2024-05-291858000
Net assets as of the end of the plan year2024-05-290
Total assets as of the beginning of the plan year2024-05-291858000
Value of plan covered by a fidelity bond2024-05-29260000
Participant contributions to plan in this plan year2024-05-290
Other contributions to plan in this plan year2024-05-290
Other income to plan in this plan year2024-05-290
Plan net income in this plan year2024-05-29-1858000
Net assets as of the end of the plan year2024-05-290
Net assets as of the beginning of the plan year2024-05-291858000
Employer contributions to plan in this plan year2024-05-290
Total liabilities as of the end of the plan year2024-03-200
Total expenses incurred by plan in this plan year2024-03-2015058
Net assets as of the end of the plan year2024-03-201858000
Total assets as of the beginning of the plan year2024-03-201495408
Value of plan covered by a fidelity bond2024-03-20260000
Participant contributions to plan in this plan year2024-03-200
Other expenses paid from plan in this plan year2024-03-2015058
Other income to plan in this plan year2024-03-20230257
Plan net income in this plan year2024-03-20362592
Net assets as of the end of the plan year2024-03-201858000
Net assets as of the beginning of the plan year2024-03-201495408
Employer contributions to plan in this plan year2024-03-20147393
Expensese paid to adminstrative service provicers from plan in this plan year2024-03-200
2022 : EASTERN SHORE HEART CENTER CASH BALANCE PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-0715547
Net assets as of the end of the plan year2022-10-071775674
Total assets as of the beginning of the plan year2022-10-071553550
Value of plan covered by a fidelity bond2022-10-07260000
Participant contributions to plan in this plan year2022-10-070
Other expenses paid from plan in this plan year2022-10-0715547
Other income to plan in this plan year2022-10-07177671
Plan net income in this plan year2022-10-07222124
Net assets as of the end of the plan year2022-10-071775674
Net assets as of the beginning of the plan year2022-10-071553550
Employer contributions to plan in this plan year2022-10-0760000
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-070

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