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SULLIVAN AND BASTIAN, PLLC CASH BALANCE PLAN 401k Plan overview

Plan NameSULLIVAN AND BASTIAN, PLLC CASH BALANCE PLAN
Plan identification number 002

SULLIVAN AND BASTIAN, PLLC CASH BALANCE 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

SULLIVAN AND BASTIAN, PLLC has sponsored the creation of one or more 401k plans.

Company Name:SULLIVAN AND BASTIAN, PLLC
Employer identification number (EIN):843963089
NAIC Classification:621210
NAIC Description:Offices of Dentists

Additional information about SULLIVAN AND BASTIAN, PLLC

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division
Incorporation Date: 2019-12-12
Company Identification Number: 604550677
Legal Registered Office Address: 15224 MAIN ST STE 302

MILL CREEK
United States of America (USA)
980127332

More information about SULLIVAN AND BASTIAN, PLLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SULLIVAN AND BASTIAN, PLLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01TERENCE SULLIVAN2023-10-11
0022022-01-01TERENCE SULLIVAN2023-03-18
0022021-01-01TERENCE SULLIVAN2022-04-21
0022020-01-01TERENCE SULLIVAN2021-07-27

Plan Statistics for SULLIVAN AND BASTIAN, PLLC CASH BALANCE PLAN

401k plan membership statisitcs for SULLIVAN AND BASTIAN, PLLC CASH BALANCE PLAN

Measure Date Value
2023: SULLIVAN AND BASTIAN, PLLC CASH BALANCE PLAN 2023 401k membership
Market value of plan assets2023-08-042,637,654
Acturial value of plan assets2023-08-042,637,654
Funding target for retired participants and beneficiaries receiving payment2023-08-040
Number of terminated vested participants2023-08-040
Fundng target for terminated vested participants2023-08-040
Active participant vested funding target2023-08-042,578,594
Number of active participants2023-08-0410
Total funding liabilities for active participants2023-08-042,578,594
Total participant count2023-08-0410
Total funding target for all participants2023-08-042,578,594
Balance at beginning of prior year after applicable adjustments2023-08-040
Prefunding balance at beginning of prior year after applicable adjustments2023-08-04239,077
Carryover balanced portion elected for use to offset prior years funding requirement2023-08-040
Prefunding balanced used to offset prior years funding requirement2023-08-040
Amount remaining of carryover balance2023-08-040
Amount remaining of prefunding balance2023-08-04239,077
Present value of excess contributions2023-08-040
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-08-040
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-08-040
Reductions in caryover balances due to elections or deemed elections2023-08-040
Reductions in prefunding balances due to elections or deemed elections2023-08-040
Balance of carryovers at beginning of current year2023-08-040
Balance of prefunding at beginning of current year2023-08-04218,229
Total employer contributions2023-08-040
Total employee contributions2023-08-040
Contributions allocated toward unpaid minimum require contributions from prior years2023-08-040
Contributions made to avoid restrictions adjusted to valuation date2023-08-040
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-08-040
Unpaid minimum required contributions for all prior years2023-08-040
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-08-040
Remaining amount of unpaid minimum required contributions2023-08-040
Minimum required contributions for current year target normal cost2023-08-040
Net shortfall amortization installment of oustanding balance2023-08-040
Waiver amortization installment2023-08-040
Total funding amount beforereflecting carryover/prefunding balances2023-08-040
Carryover balance elected to use to offset funding requirement2023-08-040
Prefunding balance elected to use to offset funding requirement2023-08-040
Additional cash requirement2023-08-040
Contributions allocatedtoward minimum required contributions for current year2023-08-040
Unpaid minimum required contributions for current year2023-08-040
Unpaid minimum required contributions for all years2023-08-040
2022: SULLIVAN AND BASTIAN, PLLC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-312,297,865
Acturial value of plan assets2022-12-312,297,865
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 target2022-12-312,265,168
Number of active participants2022-12-319
Total funding liabilities for active participants2022-12-312,265,168
Total participant count2022-12-319
Total funding target for all participants2022-12-312,265,168
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31214,380
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 balance2022-12-31214,380
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
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 year2022-12-31239,077
Total employer contributions2022-12-31253,732
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 date2022-12-31251,665
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 cost2022-12-31244,818
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31244,818
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31244,818
Contributions allocatedtoward minimum required contributions for current year2022-12-31251,665
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: SULLIVAN AND BASTIAN, PLLC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-312,517,497
Acturial value of plan assets2021-12-312,517,497
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 target2021-12-311,484,976
Number of active participants2021-12-319
Total funding liabilities for active participants2021-12-311,484,976
Total participant count2021-12-319
Total funding target for all participants2021-12-311,484,976
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31205,917
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 balance2021-12-31205,917
Present value of excess contributions2021-12-3191,432
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3191,432
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 year2021-12-31214,380
Total employer contributions2021-12-310
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 date2021-12-310
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 cost2021-12-31618,526
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: SULLIVAN AND BASTIAN, PLLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-312,188,345
Acturial value of plan assets2020-12-312,188,345
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-314
Fundng target for terminated vested participants2020-12-3121,091
Active participant vested funding target2020-12-311,293,036
Number of active participants2020-12-318
Total funding liabilities for active participants2020-12-311,294,263
Total participant count2020-12-3112
Total funding target for all participants2020-12-311,315,354
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31180,439
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 balance2020-12-31180,439
Present value of excess contributions2020-12-31645,294
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31645,294
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 year2020-12-31205,917
Total employer contributions2020-12-3190,000
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 date2020-12-3191,432
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 cost2020-12-31100,273
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-3191,432
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310

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