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RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameRADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN
Plan identification number 004

RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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).
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. has sponsored the creation of one or more 401k plans.

Company Name:RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A.
Employer identification number (EIN):751286819
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042023-01-01CORBIN WILSON2024-10-15 CORBIN WILSON2024-10-15
0042023-01-01CORBIN WILSON2024-12-11 CORBIN WILSON2024-12-11
0042022-01-01
0042021-01-01
0042020-01-01KIRT WOOLSEY2021-06-24
0042020-01-01
0042019-01-01KIRT WOOLSEY2020-07-15

Plan Statistics for RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN

Measure Date Value
2023: RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01123
Total number of active participants reported on line 7a of the Form 55002023-01-01117
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-014
Total of all active and inactive participants2023-01-01121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-3110,915,601
Acturial value of plan assets2022-12-3110,915,601
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-313
Fundng target for terminated vested participants2022-12-31260,340
Active participant vested funding target2022-12-319,187,095
Number of active participants2022-12-31110
Total funding liabilities for active participants2022-12-319,187,095
Total participant count2022-12-31113
Total funding target for all participants2022-12-319,447,435
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 contributions2022-12-312,514,029
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-312,654,815
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 contributions2022-12-315,810,000
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 date2022-12-315,652,774
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 cost2022-12-314,661,601
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-313,193,435
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-313,193,435
Contributions allocatedtoward minimum required contributions for current year2022-12-315,652,774
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total number of particpants at beginning of year2022-05-0592
Total number of particpants at end of year2022-05-0591
2021: RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-316,549,463
Acturial value of plan assets2021-12-316,549,463
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-311
Fundng target for terminated vested participants2021-12-31101,975
Active participant vested funding target2021-12-314,879,553
Number of active participants2021-12-3174
Total funding liabilities for active participants2021-12-314,879,553
Total participant count2021-12-3175
Total funding target for all participants2021-12-314,981,528
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 contributions2021-12-311,251,387
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-311,318,712
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
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 contributions2021-12-314,240,217
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 date2021-12-314,110,919
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 cost2021-12-313,164,825
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-311,596,890
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-311,596,890
Contributions allocatedtoward minimum required contributions for current year2021-12-314,110,919
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-312,528,590
Acturial value of plan assets2020-12-312,528,590
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-312,094,477
Number of active participants2020-12-3167
Total funding liabilities for active participants2020-12-312,094,477
Total participant count2020-12-3167
Total funding target for all participants2020-12-312,094,477
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 contributions2020-12-31430,536
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31454,302
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
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 contributions2020-12-313,689,638
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 date2020-12-313,574,694
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 cost2020-12-312,387,792
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-311,953,679
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-311,953,679
Contributions allocatedtoward minimum required contributions for current year2020-12-313,574,694
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-310
Acturial value of plan assets2019-12-310
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-310
Number of active participants2019-12-3156
Total funding liabilities for active participants2019-12-310
Total participant count2019-12-3156
Total funding target for all participants2019-12-310
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 contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
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 contributions2019-12-312,472,000
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 date2019-12-312,383,610
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 cost2019-12-311,953,074
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-311,953,074
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-311,953,074
Contributions allocatedtoward minimum required contributions for current year2019-12-312,383,610
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310

Financial Data on RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN

Measure Date Value
2023 : RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN 2023 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$-58,240
Total unrealized appreciation/depreciation of assets2023-12-31$-58,240
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$7,536,192
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$880,795
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$880,780
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$5,902,386
Value of total assets at end of year2023-12-31$21,308,265
Value of total assets at beginning of year2023-12-31$14,652,868
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$15
Total interest from all sources2023-12-31$490,767
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$217,345
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$217,345
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$59,024
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$59,350
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$6,655,397
Value of net assets at end of year (total assets less liabilities)2023-12-31$21,308,265
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$14,652,868
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$15
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$11,248,398
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$3,517,878
Income. Interest from US Government securities2023-12-31$489,174
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$106,880
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$1,123,437
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$1,123,437
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$1,593
Asset value of US Government securities at end of year2023-12-31$9,893,963
Asset value of US Government securities at beginning of year2023-12-31$9,952,203
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$983,934
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$5,902,386
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$880,780
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31FORVIS MAZARS, LLP
Accountancy firm EIN2023-12-31440160260
Unrealized appreciation/depreciation of other (non real estate) assets2023-01-01$-58,240
Total unrealized appreciation/depreciation of assets2023-01-01$-58,240
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$7,536,192
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$880,795
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$880,780
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$5,902,386
Value of total assets at end of year2023-01-01$21,308,265
Value of total assets at beginning of year2023-01-01$14,652,868
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$15
Total interest from all sources2023-01-01$490,767
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$217,345
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$217,345
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$500,000
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-01-01$59,024
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-01-01$59,350
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$6,655,397
Value of net assets at end of year (total assets less liabilities)2023-01-01$21,308,265
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$14,652,868
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Investment advisory and management fees2023-01-01$15
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$11,248,398
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$3,517,878
Income. Interest from US Government securities2023-01-01$489,174
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-01-01$106,880
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-01-01$1,593
Asset value of US Government securities at end of year2023-01-01$9,893,963
Asset value of US Government securities at beginning of year2023-01-01$9,952,203
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$983,934
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$5,902,386
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$880,780
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01FORVIS MAZARS, LLP
Accountancy firm EIN2023-01-01440160260
2022 : RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-05123932
Net assets as of the end of the plan year2022-05-0510915601
Total assets as of the beginning of the plan year2022-05-056550919
Value of plan covered by a fidelity bond2022-05-05500000
Other income to plan in this plan year2022-05-05248397
Plan net income in this plan year2022-05-054364682
Net assets as of the end of the plan year2022-05-0510915601
Net assets as of the beginning of the plan year2022-05-056550919
Employer contributions to plan in this plan year2022-05-054240217
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-0515

Form 5500 Responses for RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN

2023: RADIOLOGY ASSOCIATES OF NORTH TEXAS, P.A. CASH BALANCE PENSION PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes

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