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ASSOCIATED CARDIOVASCULAR & THORACIC SURGEONS, L.L.P. CASH BALANCE PLAN 401k Plan overview

Plan NameASSOCIATED CARDIOVASCULAR & THORACIC SURGEONS, L.L.P. CASH BALANCE PLAN
Plan identification number 002

ASSOCIATED CARDIOVASCULAR & THORACIC SURGEONS, L.L.P. CASH BALANCE PLAN Benefits

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

401k Sponsoring company profile

ASSOCIATED CARDIOVASCULAR & THORACIC SURGEONS, LLP has sponsored the creation of one or more 401k plans.

Company Name:ASSOCIATED CARDIOVASCULAR & THORACIC SURGEONS, LLP
Employer identification number (EIN):760548857
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ASSOCIATED CARDIOVASCULAR & THORACIC SURGEONS, L.L.P. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01

Plan Statistics for ASSOCIATED CARDIOVASCULAR & THORACIC SURGEONS, L.L.P. CASH BALANCE PLAN

401k plan membership statisitcs for ASSOCIATED CARDIOVASCULAR & THORACIC SURGEONS, L.L.P. CASH BALANCE PLAN

Measure Date Value
2020: ASSOCIATED CARDIOVASCULAR & THORACIC SURGEONS, L.L.P. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,243,223
Acturial value of plan assets2020-12-311,243,223
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-311,053
Active participant vested funding target2020-12-311,089,922
Number of active participants2020-12-3111
Total funding liabilities for active participants2020-12-311,090,722
Total participant count2020-12-3113
Total funding target for all participants2020-12-311,091,775
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3150,495
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 balance2020-12-3150,495
Present value of excess contributions2020-12-3148,260
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3150,914
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3150,914
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 year2020-12-31110,559
Total employer contributions2020-12-31499,398
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 date2020-12-31484,365
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 cost2020-12-31347,325
Net shortfall amortization installment of oustanding balance2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31306,436
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31306,436
Contributions allocatedtoward minimum required contributions for current year2020-12-31484,365
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: ASSOCIATED CARDIOVASCULAR & THORACIC SURGEONS, L.L.P. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31658,079
Acturial value of plan assets2019-12-31658,079
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-31154
Active participant vested funding target2019-12-31677,615
Number of active participants2019-12-3112
Total funding liabilities for active participants2019-12-31703,006
Total participant count2019-12-3113
Total funding target for all participants2019-12-31703,160
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3120,463
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 balance2019-12-3120,463
Present value of excess contributions2019-12-3129,946
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3131,656
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-3131,656
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 year2019-12-3150,494
Total employer contributions2019-12-31440,340
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 date2019-12-31427,406
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 cost2019-12-31363,340
Net shortfall amortization installment of oustanding balance2019-12-3195,575
Total funding amount beforereflecting carryover/prefunding balances2019-12-31379,146
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31379,146
Contributions allocatedtoward minimum required contributions for current year2019-12-31427,406
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: ASSOCIATED CARDIOVASCULAR & THORACIC SURGEONS, L.L.P. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31312,699
Acturial value of plan assets2018-12-31312,699
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-31138
Active participant vested funding target2018-12-31305,840
Number of active participants2018-12-3110
Total funding liabilities for active participants2018-12-31306,341
Total participant count2018-12-3111
Total funding target for all participants2018-12-31306,479
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 contributions2018-12-3119,321
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3120,463
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3120,463
Reductions in caryover balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-3120,463
Total employer contributions2018-12-31385,641
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 date2018-12-31372,237
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 cost2018-12-31339,966
Net shortfall amortization installment of oustanding balance2018-12-3114,243
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31342,291
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31342,291
Contributions allocatedtoward minimum required contributions for current year2018-12-31372,237
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: ASSOCIATED CARDIOVASCULAR & THORACIC SURGEONS, L.L.P. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-310
Acturial value of plan assets2017-12-310
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 target2017-12-310
Number of active participants2017-12-3112
Total funding liabilities for active participants2017-12-310
Total participant count2017-12-3112
Total funding target for all participants2017-12-310
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 contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31302,917
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 date2017-12-31290,768
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 cost2017-12-31271,447
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31271,447
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31271,447
Contributions allocatedtoward minimum required contributions for current year2017-12-31290,768
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310

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