401k Plan data: SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN plan

SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN 401k Plan overview

Plan Name	SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN
Plan identification number	002

SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN Benefits

401k Plan Type

Defined 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).
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).
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SHARP TREATMENT OF SOUTH BAY, INC has sponsored the creation of one or more 401k plans.

Company Name: SHARP TREATMENT OF SOUTH BAY, INC

Employer identification number (EIN): 205019888

NAIC Classification: 621310
NAIC Description: Offices of Chiropractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2020-01-01 ANDREW MORRIS 2021-01-26
002 2019-01-01 ANDREW MORRIS 2020-08-19
002 2018-01-01 ANDREW MORRIS 2019-10-04
002 2017-01-01 ANDREW MORRIS 2018-10-09
002 2016-01-01 ANDREW MORRIS 2017-10-10
002 2015-01-01 ANDREW MORRIS 2016-10-14
002 2014-01-01 ANDREW MORRIS 2015-10-09
002 2013-01-01 ANDREW MORRIS 2014-09-29
002 2012-01-01 ANDREW MORRIS 2013-10-11
002 2011-01-01 ANDREW MORRIS
002 2010-01-01 ANDREW MORRIS

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2020-01-01	ANDREW MORRIS	2021-01-26
002	2019-01-01	ANDREW MORRIS	2020-08-19
002	2018-01-01	ANDREW MORRIS	2019-10-04
002	2017-01-01	ANDREW MORRIS	2018-10-09
002	2016-01-01	ANDREW MORRIS	2017-10-10
002	2015-01-01	ANDREW MORRIS	2016-10-14
002	2014-01-01	ANDREW MORRIS	2015-10-09
002	2013-01-01	ANDREW MORRIS	2014-09-29
002	2012-01-01	ANDREW MORRIS	2013-10-11
002	2011-01-01	ANDREW MORRIS
002	2010-01-01	ANDREW MORRIS

Plan Statistics for SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN

401k plan membership statisitcs for SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN

Measure Date Value
2016: SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 558,219
Acturial value of plan assets 2016-12-31 558,219
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 7
Fundng target for terminated vested participants 2016-12-31 314,927
Active participant vested funding target 2016-12-31 211,442
Number of active participants 2016-12-31 6
Total funding liabilities for active participants 2016-12-31 211,442
Total participant count 2016-12-31 13
Total funding target for all participants 2016-12-31 526,369
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 107,626
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 14,052
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 93,574
Present value of excess contributions 2016-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 89,391
Total employer contributions 2016-12-31 0
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 1,721
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 1,486
Net shortfall amortization installment of oustanding balance 2016-12-31 63,226
Waiver amortization installment 2016-12-31 0
Waived amount of outstanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 3,512
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 1,791
Additional cash requirement 2016-12-31 1,721
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 1,721
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0
2011: SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 9
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 8
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 2
Total of all active and inactive participants 2011-01-01 10
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 6
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 1
Total of all active and inactive participants 2010-01-01 7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0

Measure	Date	Value
2016: SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	558,219
Acturial value of plan assets	2016-12-31	558,219
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	7
Fundng target for terminated vested participants	2016-12-31	314,927
Active participant vested funding target	2016-12-31	211,442
Number of active participants	2016-12-31	6
Total funding liabilities for active participants	2016-12-31	211,442
Total participant count	2016-12-31	13
Total funding target for all participants	2016-12-31	526,369
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	107,626
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	14,052
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	93,574
Present value of excess contributions	2016-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	89,391
Total employer contributions	2016-12-31	0
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	1,721
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	1,486
Net shortfall amortization installment of oustanding balance	2016-12-31	63,226
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	3,512
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	1,791
Additional cash requirement	2016-12-31	1,721
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	1,721
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0
2011: SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	9
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	8
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	2
Total of all active and inactive participants	2011-01-01	10
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	6
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	1
Total of all active and inactive participants	2010-01-01	7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0

Financial Data on SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN

Measure	Date	Value
2011 : SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN 2011 401k financial data
Transfers to/from the plan	2011-12-31	$0
Total plan liabilities at end of year	2011-12-31	$0
Total plan liabilities at beginning of year	2011-12-31	$0
Total income from all sources	2011-12-31	$325,196
Expenses. Total of all expenses incurred	2011-12-31	$963
Total plan assets at end of year	2011-12-31	$507,112
Total plan assets at beginning of year	2011-12-31	$182,879
Value of fidelity bond covering the plan	2011-12-31	$50,000
Expenses. Other expenses not covered elsewhere	2011-12-31	$963
Other income received	2011-12-31	$449
Net income (gross income less expenses)	2011-12-31	$324,233
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$507,112
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$182,879
Total contributions received or receivable from employer(s)	2011-12-31	$324,747
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN 2010 401k financial data
Transfers to/from the plan	2010-12-31	$0
Total plan liabilities at end of year	2010-12-31	$0
Total plan liabilities at beginning of year	2010-12-31	$0
Total income from all sources	2010-12-31	$182,879
Expenses. Total of all expenses incurred	2010-12-31	$0
Benefits paid (including direct rollovers)	2010-12-31	$0
Total plan assets at end of year	2010-12-31	$182,879
Total plan assets at beginning of year	2010-12-31	$0
Total contributions received or receivable from participants	2010-12-31	$0
Expenses. Other expenses not covered elsewhere	2010-12-31	$0
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$0
Noncash contributions received	2010-12-31	$0
Net income (gross income less expenses)	2010-12-31	$182,879
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$182,879
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$0
Total contributions received or receivable from employer(s)	2010-12-31	$182,879
Value of certain deemed distributions of participant loans	2010-12-31	$0
Value of corrective distributions	2010-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0

Form 5500 Responses for SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN

2011: SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: SHARP TREATMENT OF SOUTH BAY, INC CASH BALANCE PENSION PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	First time form 5500 has been submitted	Yes
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	SHARP TREATMENT OF SOUTH BAY, INC
Employer identification number (EIN):	205019888
NAIC Classification:	621310
NAIC Description:	Offices of Chiropractors