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RETIREMENT PLAN FOR EMPLOYEES OF HAWAII MEDICAL ASSOCIATION 401k Plan overview

Plan NameRETIREMENT PLAN FOR EMPLOYEES OF HAWAII MEDICAL ASSOCIATION
Plan identification number 001

RETIREMENT PLAN FOR EMPLOYEES OF HAWAII MEDICAL ASSOCIATION Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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

HAWAII MEDICAL ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:HAWAII MEDICAL ASSOCIATION
Employer identification number (EIN):990067306
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF HAWAII MEDICAL ASSOCIATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01MARC ALEXANDER2023-07-26
0012021-01-01MARC ALEXANDER2022-05-05
0012020-01-01MARC ALEXANDER2021-10-13
0012019-01-01
0012018-01-01CHRISTOPHER FLANDERS2019-10-13
0012017-01-01CHRISTOPHER FLANDERS2018-10-11
0012016-01-01CHRISTOPHER FLANDERS2017-07-17
0012015-01-01CHRISTOPHER FLANDERS2016-10-13
0012014-01-01CHRISTOPHER FLANDERS2015-10-07
0012013-01-01CHRISTOPHER FLANDERS2014-10-10
0012012-01-01CHRISTOPHER FLANDERS2013-10-10
0012011-01-01CHRISTOPHER FLANDERS2012-10-12
0012010-01-01MICHAEL HICKS2011-10-18

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF HAWAII MEDICAL ASSOCIATION

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF HAWAII MEDICAL ASSOCIATION

Measure Date Value
2022: RETIREMENT PLAN FOR EMPLOYEES OF HAWAII MEDICAL ASSOCIATION 2022 401k membership
Market value of plan assets2022-12-31160,578
Acturial value of plan assets2022-12-31160,578
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-318
Fundng target for terminated vested participants2022-12-31213,731
Active participant vested funding target2022-12-310
Number of active participants2022-12-310
Total funding liabilities for active participants2022-12-310
Total participant count2022-12-318
Total funding target for all participants2022-12-31213,731
Balance at beginning of prior year after applicable adjustments2022-12-311,464
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 balance2022-12-311,464
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-317,719
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-318,099
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 year2022-12-311,464
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-312,100
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 date2022-12-311,874
Liquidity shortfalls end of Q12022-12-310
Liquidity shortfalls end of Q22022-12-310
Liquidity shortfalls end of Q32022-12-310
Liquidity shortfalls end of Q42022-12-310
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 balance2022-12-3154,617
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-311,720
Additional cash requirement2022-12-311,720
Contributions allocatedtoward minimum required contributions for current year2022-12-311,874
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: RETIREMENT PLAN FOR EMPLOYEES OF HAWAII MEDICAL ASSOCIATION 2021 401k membership
Market value of plan assets2021-12-3194,978
Acturial value of plan assets2021-12-3194,978
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-318
Fundng target for terminated vested participants2021-12-31229,353
Active participant vested funding target2021-12-310
Number of active participants2021-12-310
Total funding liabilities for active participants2021-12-310
Total participant count2021-12-318
Total funding target for all participants2021-12-31229,353
Balance at beginning of prior year after applicable adjustments2021-12-312,053
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 balance2021-12-312,053
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
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 elections2021-12-31608
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-311,464
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-3166,146
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-3136,985
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-3119,990
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
Unpaid minimum required contributions for all prior years2021-12-3136,985
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-3136,985
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-310
Net shortfall amortization installment of oustanding balance2021-12-31135,839
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3112,271
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-3112,271
Contributions allocatedtoward minimum required contributions for current year2021-12-3119,990
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: RETIREMENT PLAN FOR EMPLOYEES OF HAWAII MEDICAL ASSOCIATION 2020 401k membership
Market value of plan assets2020-12-31195,592
Acturial value of plan assets2020-12-31195,592
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-318
Fundng target for terminated vested participants2020-12-31216,276
Active participant vested funding target2020-12-310
Number of active participants2020-12-310
Total funding liabilities for active participants2020-12-310
Total participant count2020-12-318
Total funding target for all participants2020-12-31216,276
Balance at beginning of prior year after applicable adjustments2020-12-312,172
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 balance2020-12-312,172
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 year2020-12-312,053
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-310
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 date2020-12-310
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-3134,899
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-3134,899
Minimum required contributions for current year target normal cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-3122,737
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-312,086
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-312,086
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-312,086
Unpaid minimum required contributions for all years2020-12-3136,985
2019: RETIREMENT PLAN FOR EMPLOYEES OF HAWAII MEDICAL ASSOCIATION 2019 401k membership
Market value of plan assets2019-12-31239,800
Acturial value of plan assets2019-12-31239,800
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-319
Fundng target for terminated vested participants2019-12-31284,444
Active participant vested funding target2019-12-310
Number of active participants2019-12-310
Total funding liabilities for active participants2019-12-310
Total participant count2019-12-319
Total funding target for all participants2019-12-31284,444
Balance at beginning of prior year after applicable adjustments2019-12-312,298
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 balance2019-12-312,298
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 year2019-12-312,298
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-315,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-314,513
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-310
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-3122,512
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-314,513
Remaining amount of unpaid minimum required contributions2019-12-3117,999
Minimum required contributions for current year target normal cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-3146,942
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3116,900
Additional cash requirement2019-12-3116,900
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-3116,900
Unpaid minimum required contributions for all years2019-12-3134,899
2018: RETIREMENT PLAN FOR EMPLOYEES OF HAWAII MEDICAL ASSOCIATION 2018 401k membership
Market value of plan assets2018-12-31227,454
Acturial value of plan assets2018-12-31227,454
Funding target for retired participants and beneficiaries receiving payment2018-12-3176,133
Number of terminated vested participants2018-12-319
Fundng target for terminated vested participants2018-12-31249,327
Active participant vested funding target2018-12-310
Number of active participants2018-12-310
Total funding liabilities for active participants2018-12-310
Total participant count2018-12-3110
Total funding target for all participants2018-12-31325,460
Balance at beginning of prior year after applicable adjustments2018-12-312,298
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 balance2018-12-312,298
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-312,298
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-3124,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-3119,487
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-311,976
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-3119,487
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-3119,487
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-31100,304
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3122,512
Additional cash requirement2018-12-3122,512
Contributions allocatedtoward minimum required contributions for current year2018-12-311,976
Unpaid minimum required contributions for current year2018-12-3120,536
Unpaid minimum required contributions for all years2018-12-3120,536
2017: RETIREMENT PLAN FOR EMPLOYEES OF HAWAII MEDICAL ASSOCIATION 2017 401k membership
Market value of plan assets2017-12-31346,697
Acturial value of plan assets2017-12-31346,697
Funding target for retired participants and beneficiaries receiving payment2017-12-31127,391
Number of terminated vested participants2017-12-3113
Fundng target for terminated vested participants2017-12-31314,065
Active participant vested funding target2017-12-310
Number of active participants2017-12-310
Total funding liabilities for active participants2017-12-310
Total participant count2017-12-3115
Total funding target for all participants2017-12-31441,456
Balance at beginning of prior year after applicable adjustments2017-12-312,246
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 balance2017-12-312,246
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-312,459
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-312,609
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 year2017-12-312,298
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-310
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 date2017-12-310
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
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 cost2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-3197,057
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3119,487
Additional cash requirement2017-12-3119,487
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-3119,487
Unpaid minimum required contributions for all years2017-12-3119,487
2016: RETIREMENT PLAN FOR EMPLOYEES OF HAWAII MEDICAL ASSOCIATION 2016 401k membership
Market value of plan assets2016-12-31335,132
Acturial value of plan assets2016-12-31335,132
Funding target for retired participants and beneficiaries receiving payment2016-12-31164,474
Number of terminated vested participants2016-12-3112
Fundng target for terminated vested participants2016-12-31257,937
Active participant vested funding target2016-12-310
Number of active participants2016-12-310
Total funding liabilities for active participants2016-12-310
Total participant count2016-12-3115
Total funding target for all participants2016-12-31422,411
Balance at beginning of prior year after applicable adjustments2016-12-312,336
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-312,336
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-314,379
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-314,654
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-312,246
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-3120,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-3118,763
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-3189,525
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3116,304
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3116,304
Contributions allocatedtoward minimum required contributions for current year2016-12-3118,763
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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