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PRIMARY CARE PHYSICIAN NORTH, P.C. DEFINED BENEFIT PLAN 401k Plan overview

Plan NamePRIMARY CARE PHYSICIAN NORTH, P.C. DEFINED BENEFIT PLAN
Plan identification number 001

PRIMARY CARE PHYSICIAN NORTH, P.C. DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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

PRIMARY CARE PHYSICIAN NORTH, P.C. has sponsored the creation of one or more 401k plans.

Company Name:PRIMARY CARE PHYSICIAN NORTH, P.C.
Employer identification number (EIN):833690137
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRIMARY CARE PHYSICIAN NORTH, P.C. DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JING YU2024-05-03 JING YU2024-05-03
0012022-01-01JING YU2023-07-11 JING YU2023-07-11
0012021-01-01JING YU2022-06-27 JING YU2022-06-27
0012020-01-01JING YU2021-06-28 JING YU2021-06-28

Plan Statistics for PRIMARY CARE PHYSICIAN NORTH, P.C. DEFINED BENEFIT PLAN

401k plan membership statisitcs for PRIMARY CARE PHYSICIAN NORTH, P.C. DEFINED BENEFIT PLAN

Measure Date Value
2025: PRIMARY CARE PHYSICIAN NORTH, P.C. DEFINED BENEFIT PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-091
Total number of particpants at end of year2025-06-091
2024: PRIMARY CARE PHYSICIAN NORTH, P.C. DEFINED BENEFIT PLAN 2024 401k membership
Total number of particpants at beginning of year2024-05-032
Total number of particpants at end of year2024-05-031
2022: PRIMARY CARE PHYSICIAN NORTH, P.C. DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets2022-12-31110,743
Acturial value of plan assets2022-12-31110,743
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-310
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-31104,594
Number of active participants2022-12-312
Total funding liabilities for active participants2022-12-31174,323
Total participant count2022-12-312
Total funding target for all participants2022-12-31174,323
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 contributions2022-12-3157,454
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3157,454
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 contributions2022-12-31150,000
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 date2022-12-31151,375
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 cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-3163,580
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-315,876
Additional cash requirement2022-12-315,876
Contributions allocatedtoward minimum required contributions for current year2022-12-31151,375
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: PRIMARY CARE PHYSICIAN NORTH, P.C. DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets2021-12-3180,420
Acturial value of plan assets2021-12-3180,420
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-310
Number of active participants2021-12-312
Total funding liabilities for active participants2021-12-310
Total participant count2021-12-312
Total funding target for all participants2021-12-310
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 contributions2021-12-3180,000
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3180,000
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 contributions2021-12-31150,000
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 date2021-12-31150,772
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 cost2021-12-31173,738
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3193,318
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-3193,318
Contributions allocatedtoward minimum required contributions for current year2021-12-31150,772
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: PRIMARY CARE PHYSICIAN NORTH, P.C. DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-12-310
Acturial value of plan assets2020-12-310
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 target2020-12-310
Number of active participants2020-12-311
Total funding liabilities for active participants2020-12-310
Total participant count2020-12-311
Total funding target for all participants2020-12-310
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 contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
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 contributions2020-12-3180,000
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 date2020-12-3179,355
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 cost2020-12-3172,058
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3172,058
Additional cash requirement2020-12-3172,058
Contributions allocatedtoward minimum required contributions for current year2020-12-3179,355
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310

Financial Data on PRIMARY CARE PHYSICIAN NORTH, P.C. DEFINED BENEFIT PLAN

Measure Date Value
2025 : PRIMARY CARE PHYSICIAN NORTH, P.C. DEFINED BENEFIT PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-090
Total liabilities as of the beginning of the plan year2025-06-090
Total expenses incurred by plan in this plan year2025-06-090
Net assets as of the end of the plan year2025-06-09654285
Total assets as of the beginning of the plan year2025-06-09462034
Participant contributions to plan in this plan year2025-06-090
Other expenses paid from plan in this plan year2025-06-090
Other contributions to plan in this plan year2025-06-090
Other income to plan in this plan year2025-06-0954251
Plan net income in this plan year2025-06-09192251
Net assets as of the end of the plan year2025-06-09654285
Net assets as of the beginning of the plan year2025-06-09462034
Employer contributions to plan in this plan year2025-06-09138000
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-090
2024 : PRIMARY CARE PHYSICIAN NORTH, P.C. DEFINED BENEFIT PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-05-030
Total liabilities as of the end of the plan year2024-05-030
Total liabilities as of the beginning of the plan year2024-05-030
Total expenses incurred by plan in this plan year2024-05-030
Net assets as of the end of the plan year2024-05-03462034
Total assets as of the beginning of the plan year2024-05-03262784
Participant contributions to plan in this plan year2024-05-030
Other expenses paid from plan in this plan year2024-05-030
Other contributions to plan in this plan year2024-05-030
Other income to plan in this plan year2024-05-03124250
Plan net income in this plan year2024-05-03199250
Net assets as of the end of the plan year2024-05-03462034
Net assets as of the beginning of the plan year2024-05-03262784
Employer contributions to plan in this plan year2024-05-0375000
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-030

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