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JOSEPH J. RADAKOVICH, DMD, PC CASH BALANCE PLAN 401k Plan overview

Plan NameJOSEPH J. RADAKOVICH, DMD, PC CASH BALANCE PLAN
Plan identification number 002

JOSEPH J. RADAKOVICH, DMD, PC 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).
  • 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

JOSEPH J. RADAKOVICH, DMD, PC has sponsored the creation of one or more 401k plans.

Company Name:JOSEPH J. RADAKOVICH, DMD, PC
Employer identification number (EIN):939090894
NAIC Classification:621210
NAIC Description:Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JOSEPH J. RADAKOVICH, DMD, PC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01

Plan Statistics for JOSEPH J. RADAKOVICH, DMD, PC CASH BALANCE PLAN

401k plan membership statisitcs for JOSEPH J. RADAKOVICH, DMD, PC CASH BALANCE PLAN

Measure Date Value
2024: JOSEPH J. RADAKOVICH, DMD, PC CASH BALANCE PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-1314
Total number of particpants at end of year2024-10-1314
2022: JOSEPH J. RADAKOVICH, DMD, PC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-31708,953
Acturial value of plan assets2022-12-31708,953
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-316
Fundng target for terminated vested participants2022-12-314,626
Active participant vested funding target2022-12-31750,188
Number of active participants2022-12-318
Total funding liabilities for active participants2022-12-31752,389
Total participant count2022-12-3114
Total funding target for all participants2022-12-31757,015
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 contributions2022-12-31101,930
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31101,930
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 contributions2022-12-31240,000
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 date2022-12-31242,780
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 cost2022-12-31223,901
Net shortfall amortization installment of oustanding balance2022-12-3148,062
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31228,440
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31228,440
Contributions allocatedtoward minimum required contributions for current year2022-12-31242,780
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: JOSEPH J. RADAKOVICH, DMD, PC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-31589,269
Acturial value of plan assets2021-12-31589,269
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-317
Fundng target for terminated vested participants2021-12-3114,432
Active participant vested funding target2021-12-31483,067
Number of active participants2021-12-316
Total funding liabilities for active participants2021-12-31484,213
Total participant count2021-12-3113
Total funding target for all participants2021-12-31498,645
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 contributions2021-12-3130,764
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3130,764
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 contributions2021-12-31240,000
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 date2021-12-31241,506
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 cost2021-12-31325,200
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31234,576
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31234,576
Contributions allocatedtoward minimum required contributions for current year2021-12-31241,506
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: JOSEPH J. RADAKOVICH, DMD, PC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-31298,042
Acturial value of plan assets2020-12-31298,042
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-314
Fundng target for terminated vested participants2020-12-314,941
Active participant vested funding target2020-12-31251,361
Number of active participants2020-12-319
Total funding liabilities for active participants2020-12-31252,448
Total participant count2020-12-3113
Total funding target for all participants2020-12-31257,389
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 contributions2020-12-3122,577
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3122,577
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 contributions2020-12-31230,000
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 date2020-12-31230,527
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 cost2020-12-31241,160
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31200,507
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31200,507
Contributions allocatedtoward minimum required contributions for current year2020-12-31230,527
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: JOSEPH J. RADAKOVICH, DMD, PC CASH BALANCE 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 participants2019-12-310
Total funding liabilities for active participants2019-12-310
Total participant count2019-12-310
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 contributions2019-12-31267,000
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 date2019-12-31270,554
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 cost2019-12-31251,415
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31251,415
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31251,415
Contributions allocatedtoward minimum required contributions for current year2019-12-31270,554
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310

Financial Data on JOSEPH J. RADAKOVICH, DMD, PC CASH BALANCE PLAN

Measure Date Value
2024 : JOSEPH J. RADAKOVICH, DMD, PC CASH BALANCE PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-10-130
Total liabilities as of the beginning of the plan year2024-10-130
Total expenses incurred by plan in this plan year2024-10-130
Net assets as of the end of the plan year2024-10-131169482
Total assets as of the beginning of the plan year2024-10-13952263
Value of plan covered by a fidelity bond2024-10-13200000
Participant contributions to plan in this plan year2024-10-130
Other expenses paid from plan in this plan year2024-10-130
Other contributions to plan in this plan year2024-10-130
Other income to plan in this plan year2024-10-13137219
Plan net income in this plan year2024-10-13217219
Net assets as of the end of the plan year2024-10-131169482
Net assets as of the beginning of the plan year2024-10-13952263
Employer contributions to plan in this plan year2024-10-1380000
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-130

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