401k Plan data: 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).
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).
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

GARRETT-BOYD, D.D.S., M.S., INC. has sponsored the creation of one or more 401k plans.

Company Name: GARRETT-BOYD, D.D.S., M.S., INC.

Employer identification number (EIN): 741919416

NAIC Classification: 621210
NAIC Description: Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2021-07-01
002 2020-07-01
002 2019-07-01

Plan Statistics for

401k plan membership statisitcs for

Measure Date Value
2022: 2022 401k membership
Total number of particpants at beginning of year 2022-02-16 12
Total number of particpants at end of year 2022-02-16 0
2021: 2021 401k membership
Market value of plan assets 2021-06-30 577,968
Acturial value of plan assets 2021-06-30 577,968
Funding target for retired participants and beneficiaries receiving payment 2021-06-30 0
Number of terminated vested participants 2021-06-30 0
Fundng target for terminated vested participants 2021-06-30 0
Active participant vested funding target 2021-06-30 532,391
Number of active participants 2021-06-30 12
Total funding liabilities for active participants 2021-06-30 552,821
Total participant count 2021-06-30 12
Total funding target for all participants 2021-06-30 552,821
Balance at beginning of prior year after applicable adjustments 2021-06-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-06-30 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-06-30 0
Prefunding balanced used to offset prior years funding requirement 2021-06-30 0
Amount remaining of carryover balance 2021-06-30 0
Amount remaining of prefunding balance 2021-06-30 0
Present value of excess contributions 2021-06-30 1,813
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-06-30 1,813
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-06-30 0
Reductions in caryover balances due to elections or deemed elections 2021-06-30 0
Reductions in prefunding balances due to elections or deemed elections 2021-06-30 0
Balance of carryovers at beginning of current year 2021-06-30 0
Balance of prefunding at beginning of current year 2021-06-30 0
Total employer contributions 2021-06-30 85,000
Total employee contributions 2021-06-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-06-30 0
Contributions made to avoid restrictions adjusted to valuation date 2021-06-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-06-30 82,731
Unpaid minimum required contributions for all prior years 2021-06-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-06-30 0
Remaining amount of unpaid minimum required contributions 2021-06-30 0
Minimum required contributions for current year target normal cost 2021-06-30 0
Net shortfall amortization installment of oustanding balance 2021-06-30 0
Waiver amortization installment 2021-06-30 0
Total funding amount beforereflecting carryover/prefunding balances 2021-06-30 0
Carryover balance elected to use to offset funding requirement 2021-06-30 0
Prefunding balance elected to use to offset funding requirement 2021-06-30 0
Additional cash requirement 2021-06-30 0
Contributions allocatedtoward minimum required contributions for current year 2021-06-30 82,731
Unpaid minimum required contributions for current year 2021-06-30 0
Unpaid minimum required contributions for all years 2021-06-30 0
2020: 2020 401k membership
Market value of plan assets 2020-06-30 254,406
Acturial value of plan assets 2020-06-30 254,406
Funding target for retired participants and beneficiaries receiving payment 2020-06-30 0
Number of terminated vested participants 2020-06-30 0
Fundng target for terminated vested participants 2020-06-30 0
Active participant vested funding target 2020-06-30 0
Number of active participants 2020-06-30 14
Total funding liabilities for active participants 2020-06-30 272,895
Total participant count 2020-06-30 14
Total funding target for all participants 2020-06-30 272,895
Balance at beginning of prior year after applicable adjustments 2020-06-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-06-30 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-06-30 0
Prefunding balanced used to offset prior years funding requirement 2020-06-30 0
Amount remaining of carryover balance 2020-06-30 0
Amount remaining of prefunding balance 2020-06-30 0
Present value of excess contributions 2020-06-30 17,879
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-06-30 17,879
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-06-30 0
Reductions in caryover balances due to elections or deemed elections 2020-06-30 0
Reductions in prefunding balances due to elections or deemed elections 2020-06-30 0
Balance of carryovers at beginning of current year 2020-06-30 0
Balance of prefunding at beginning of current year 2020-06-30 0
Total employer contributions 2020-06-30 274,000
Total employee contributions 2020-06-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-06-30 0
Contributions made to avoid restrictions adjusted to valuation date 2020-06-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-06-30 272,822
Unpaid minimum required contributions for all prior years 2020-06-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-06-30 0
Remaining amount of unpaid minimum required contributions 2020-06-30 0
Minimum required contributions for current year target normal cost 2020-06-30 268,005
Net shortfall amortization installment of oustanding balance 2020-06-30 18,489
Waiver amortization installment 2020-06-30 0
Total funding amount beforereflecting carryover/prefunding balances 2020-06-30 271,009
Carryover balance elected to use to offset funding requirement 2020-06-30 0
Prefunding balance elected to use to offset funding requirement 2020-06-30 0
Additional cash requirement 2020-06-30 271,009
Contributions allocatedtoward minimum required contributions for current year 2020-06-30 272,822
Unpaid minimum required contributions for current year 2020-06-30 0
Unpaid minimum required contributions for all years 2020-06-30 0
2019: 2019 401k membership
Market value of plan assets 2019-06-30 0
Acturial value of plan assets 2019-06-30 0
Funding target for retired participants and beneficiaries receiving payment 2019-06-30 0
Number of terminated vested participants 2019-06-30 0
Fundng target for terminated vested participants 2019-06-30 0
Active participant vested funding target 2019-06-30 0
Number of active participants 2019-06-30 11
Total funding liabilities for active participants 2019-06-30 0
Total participant count 2019-06-30 11
Total funding target for all participants 2019-06-30 0
Amount remaining of carryover balance 2019-06-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-06-30 0
Reductions in caryover balances due to elections or deemed elections 2019-06-30 0
Balance of carryovers at beginning of current year 2019-06-30 0
Total employer contributions 2019-06-30 242,597
Total employee contributions 2019-06-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-06-30 0
Contributions made to avoid restrictions adjusted to valuation date 2019-06-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-06-30 237,176
Unpaid minimum required contributions for all prior years 2019-06-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-06-30 0
Remaining amount of unpaid minimum required contributions 2019-06-30 0
Minimum required contributions for current year target normal cost 2019-06-30 219,297
Net shortfall amortization installment of oustanding balance 2019-06-30 0
Waiver amortization installment 2019-06-30 0
Total funding amount beforereflecting carryover/prefunding balances 2019-06-30 219,297
Additional cash requirement 2019-06-30 219,297
Contributions allocatedtoward minimum required contributions for current year 2019-06-30 237,176
Unpaid minimum required contributions for current year 2019-06-30 0
Unpaid minimum required contributions for all years 2019-06-30 0

Measure	Date	Value
2022: 2022 401k membership
Total number of particpants at beginning of year	2022-02-16	12
Total number of particpants at end of year	2022-02-16	0
2021: 2021 401k membership
Market value of plan assets	2021-06-30	577,968
Acturial value of plan assets	2021-06-30	577,968
Funding target for retired participants and beneficiaries receiving payment	2021-06-30	0
Number of terminated vested participants	2021-06-30	0
Fundng target for terminated vested participants	2021-06-30	0
Active participant vested funding target	2021-06-30	532,391
Number of active participants	2021-06-30	12
Total funding liabilities for active participants	2021-06-30	552,821
Total participant count	2021-06-30	12
Total funding target for all participants	2021-06-30	552,821
Balance at beginning of prior year after applicable adjustments	2021-06-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-06-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-06-30	0
Prefunding balanced used to offset prior years funding requirement	2021-06-30	0
Amount remaining of carryover balance	2021-06-30	0
Amount remaining of prefunding balance	2021-06-30	0
Present value of excess contributions	2021-06-30	1,813
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-06-30	1,813
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-06-30	0
Reductions in caryover balances due to elections or deemed elections	2021-06-30	0
Reductions in prefunding balances due to elections or deemed elections	2021-06-30	0
Balance of carryovers at beginning of current year	2021-06-30	0
Balance of prefunding at beginning of current year	2021-06-30	0
Total employer contributions	2021-06-30	85,000
Total employee contributions	2021-06-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-06-30	0
Contributions made to avoid restrictions adjusted to valuation date	2021-06-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-06-30	82,731
Unpaid minimum required contributions for all prior years	2021-06-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-06-30	0
Remaining amount of unpaid minimum required contributions	2021-06-30	0
Minimum required contributions for current year target normal cost	2021-06-30	0
Net shortfall amortization installment of oustanding balance	2021-06-30	0
Waiver amortization installment	2021-06-30	0
Total funding amount beforereflecting carryover/prefunding balances	2021-06-30	0
Carryover balance elected to use to offset funding requirement	2021-06-30	0
Prefunding balance elected to use to offset funding requirement	2021-06-30	0
Additional cash requirement	2021-06-30	0
Contributions allocatedtoward minimum required contributions for current year	2021-06-30	82,731
Unpaid minimum required contributions for current year	2021-06-30	0
Unpaid minimum required contributions for all years	2021-06-30	0
2020: 2020 401k membership
Market value of plan assets	2020-06-30	254,406
Acturial value of plan assets	2020-06-30	254,406
Funding target for retired participants and beneficiaries receiving payment	2020-06-30	0
Number of terminated vested participants	2020-06-30	0
Fundng target for terminated vested participants	2020-06-30	0
Active participant vested funding target	2020-06-30	0
Number of active participants	2020-06-30	14
Total funding liabilities for active participants	2020-06-30	272,895
Total participant count	2020-06-30	14
Total funding target for all participants	2020-06-30	272,895
Balance at beginning of prior year after applicable adjustments	2020-06-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-06-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-06-30	0
Prefunding balanced used to offset prior years funding requirement	2020-06-30	0
Amount remaining of carryover balance	2020-06-30	0
Amount remaining of prefunding balance	2020-06-30	0
Present value of excess contributions	2020-06-30	17,879
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-06-30	17,879
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-06-30	0
Reductions in caryover balances due to elections or deemed elections	2020-06-30	0
Reductions in prefunding balances due to elections or deemed elections	2020-06-30	0
Balance of carryovers at beginning of current year	2020-06-30	0
Balance of prefunding at beginning of current year	2020-06-30	0
Total employer contributions	2020-06-30	274,000
Total employee contributions	2020-06-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-06-30	0
Contributions made to avoid restrictions adjusted to valuation date	2020-06-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-06-30	272,822
Unpaid minimum required contributions for all prior years	2020-06-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-06-30	0
Remaining amount of unpaid minimum required contributions	2020-06-30	0
Minimum required contributions for current year target normal cost	2020-06-30	268,005
Net shortfall amortization installment of oustanding balance	2020-06-30	18,489
Waiver amortization installment	2020-06-30	0
Total funding amount beforereflecting carryover/prefunding balances	2020-06-30	271,009
Carryover balance elected to use to offset funding requirement	2020-06-30	0
Prefunding balance elected to use to offset funding requirement	2020-06-30	0
Additional cash requirement	2020-06-30	271,009
Contributions allocatedtoward minimum required contributions for current year	2020-06-30	272,822
Unpaid minimum required contributions for current year	2020-06-30	0
Unpaid minimum required contributions for all years	2020-06-30	0
2019: 2019 401k membership
Market value of plan assets	2019-06-30	0
Acturial value of plan assets	2019-06-30	0
Funding target for retired participants and beneficiaries receiving payment	2019-06-30	0
Number of terminated vested participants	2019-06-30	0
Fundng target for terminated vested participants	2019-06-30	0
Active participant vested funding target	2019-06-30	0
Number of active participants	2019-06-30	11
Total funding liabilities for active participants	2019-06-30	0
Total participant count	2019-06-30	11
Total funding target for all participants	2019-06-30	0
Amount remaining of carryover balance	2019-06-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-06-30	0
Reductions in caryover balances due to elections or deemed elections	2019-06-30	0
Balance of carryovers at beginning of current year	2019-06-30	0
Total employer contributions	2019-06-30	242,597
Total employee contributions	2019-06-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-06-30	0
Contributions made to avoid restrictions adjusted to valuation date	2019-06-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-06-30	237,176
Unpaid minimum required contributions for all prior years	2019-06-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-06-30	0
Remaining amount of unpaid minimum required contributions	2019-06-30	0
Minimum required contributions for current year target normal cost	2019-06-30	219,297
Net shortfall amortization installment of oustanding balance	2019-06-30	0
Waiver amortization installment	2019-06-30	0
Total funding amount beforereflecting carryover/prefunding balances	2019-06-30	219,297
Additional cash requirement	2019-06-30	219,297
Contributions allocatedtoward minimum required contributions for current year	2019-06-30	237,176
Unpaid minimum required contributions for current year	2019-06-30	0
Unpaid minimum required contributions for all years	2019-06-30	0

Financial Data on

Measure	Date	Value
2022 : 2022 401k financial data
Total transfers to/from plan in this plan year	2022-02-16	0
Total liabilities as of the end of the plan year	2022-02-16	0
Total liabilities as of the beginning of the plan year	2022-02-16	0
Total expenses incurred by plan in this plan year	2022-02-16	715058
Net assets as of the end of the plan year	2022-02-16	0
Total assets as of the beginning of the plan year	2022-02-16	681004
Value of plan covered by a fidelity bond	2022-02-16	165000
Participant contributions to plan in this plan year	2022-02-16	0
Other expenses paid from plan in this plan year	2022-02-16	0
Other contributions to plan in this plan year	2022-02-16	0
Other income to plan in this plan year	2022-02-16	34054
Plan net income in this plan year	2022-02-16	-681004
Net assets as of the end of the plan year	2022-02-16	0
Net assets as of the beginning of the plan year	2022-02-16	681004
Employer contributions to plan in this plan year	2022-02-16	0
Expensese paid to adminstrative service provicers from plan in this plan year	2022-02-16	0

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Company Name:	GARRETT-BOYD, D.D.S., M.S., INC.
Employer identification number (EIN):	741919416
NAIC Classification:	621210
NAIC Description:	Offices of Dentists