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PENNSYLVANIA GASTROENTEROLOGY CONSULTANTS, PC CASH BALANCE PENSION PLAN 401k Plan overview

Plan NamePENNSYLVANIA GASTROENTEROLOGY CONSULTANTS, PC CASH BALANCE PENSION PLAN
Plan identification number 004

PENNSYLVANIA GASTROENTEROLOGY CONSULTANTS, PC CASH BALANCE PENSION PLAN Benefits

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

401k Sponsoring company profile

PA GASTROENTEROLOGY CONSULTANTS, PC has sponsored the creation of one or more 401k plans.

Company Name:PA GASTROENTEROLOGY CONSULTANTS, PC
Employer identification number (EIN):232028596
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENNSYLVANIA GASTROENTEROLOGY CONSULTANTS, PC CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042022-01-01IRIS GARMAN2023-10-01
0042021-01-01IRIS GARMAN2022-10-09
0042020-01-01EDWARD WAGONER2021-10-07
0042018-01-01EDWARD WAGONER2019-09-14
0042017-01-01EDWARD WAGONER2018-06-01
0042016-01-01EDWARD WAGONER2017-07-03
0042015-01-01IRIS GARMAN2016-03-23
0042014-01-01IRIS GARMAN2015-04-20
0042013-01-01IRIS GARMAN2014-06-25

Plan Statistics for PENNSYLVANIA GASTROENTEROLOGY CONSULTANTS, PC CASH BALANCE PENSION PLAN

401k plan membership statisitcs for PENNSYLVANIA GASTROENTEROLOGY CONSULTANTS, PC CASH BALANCE PENSION PLAN

Measure Date Value
2022: PENNSYLVANIA GASTROENTEROLOGY CONSULTANTS, PC CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-317,813,512
Acturial value of plan assets2022-12-317,813,512
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-314
Fundng target for terminated vested participants2022-12-3110,063
Active participant vested funding target2022-12-316,841,512
Number of active participants2022-12-3145
Total funding liabilities for active participants2022-12-316,847,869
Total participant count2022-12-3149
Total funding target for all participants2022-12-316,857,932
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31148,407
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31148,407
Present value of excess contributions2022-12-31104,897
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31109,743
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 year2022-12-31168,902
Total employer contributions2022-12-310
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 date2022-12-310
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 cost2022-12-31380,963
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: PENNSYLVANIA GASTROENTEROLOGY CONSULTANTS, PC CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-315,482,814
Acturial value of plan assets2021-12-315,482,814
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-314
Fundng target for terminated vested participants2021-12-3110,648
Active participant vested funding target2021-12-315,164,166
Number of active participants2021-12-3142
Total funding liabilities for active participants2021-12-315,169,131
Total participant count2021-12-3146
Total funding target for all participants2021-12-315,179,779
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31134,159
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 balance2021-12-31134,159
Present value of excess contributions2021-12-3118,382
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3119,301
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 year2021-12-31148,407
Total employer contributions2021-12-311,536,499
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 date2021-12-311,490,342
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 cost2021-12-311,540,073
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-311,385,445
Additional cash requirement2021-12-311,385,445
Contributions allocatedtoward minimum required contributions for current year2021-12-311,490,342
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: PENNSYLVANIA GASTROENTEROLOGY CONSULTANTS, PC CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-314,217,300
Acturial value of plan assets2020-12-314,217,300
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-311,556
Active participant vested funding target2020-12-314,013,763
Number of active participants2020-12-3141
Total funding liabilities for active participants2020-12-314,018,895
Total participant count2020-12-3143
Total funding target for all participants2020-12-314,020,451
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31161,790
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-3147,085
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31114,705
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 year2020-12-31134,159
Total employer contributions2020-12-31873,501
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 date2020-12-31838,554
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 cost2020-12-31882,862
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31820,172
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31820,172
Contributions allocatedtoward minimum required contributions for current year2020-12-31838,554
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: PENNSYLVANIA GASTROENTEROLOGY CONSULTANTS, PC CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-313,153,871
Acturial value of plan assets2019-12-313,153,871
Funding target for retired participants and beneficiaries receiving payment2019-12-315,046
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-313,215,119
Number of active participants2019-12-3142
Total funding liabilities for active participants2019-12-313,220,573
Total participant count2019-12-3144
Total funding target for all participants2019-12-313,225,619
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31173,968
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 balance2019-12-31173,968
Present value of excess contributions2019-12-3192,624
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3197,691
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 year2019-12-31161,790
Total employer contributions2019-12-31590,000
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 date2019-12-31560,696
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 cost2019-12-31569,834
Net shortfall amortization installment of oustanding balance2019-12-31233,538
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31607,781
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-3147,085
Additional cash requirement2019-12-31560,696
Contributions allocatedtoward minimum required contributions for current year2019-12-31560,696
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: PENNSYLVANIA GASTROENTEROLOGY CONSULTANTS, PC CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-312,284,489
Acturial value of plan assets2018-12-312,284,489
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-311,996
Active participant vested funding target2018-12-312,001,212
Number of active participants2018-12-3141
Total funding liabilities for active participants2018-12-312,006,699
Total participant count2018-12-3142
Total funding target for all participants2018-12-312,008,695
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31233,754
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-3181,458
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31152,296
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 year2018-12-310
Balance of prefunding at beginning of current year2018-12-31173,968
Total employer contributions2018-12-311,085,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-311,035,256
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-311,044,458
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31942,632
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31942,632
Contributions allocatedtoward minimum required contributions for current year2018-12-311,035,256
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: PENNSYLVANIA GASTROENTEROLOGY CONSULTANTS, PC CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-311,491,840
Acturial value of plan assets2017-12-311,491,840
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-3115,489
Active participant vested funding target2017-12-311,231,940
Number of active participants2017-12-3137
Total funding liabilities for active participants2017-12-311,237,366
Total participant count2017-12-3139
Total funding target for all participants2017-12-311,252,855
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3180,047
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 balance2017-12-310
Amount remaining of prefunding balance2017-12-3180,047
Present value of excess contributions2017-12-31150,667
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31159,406
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31148,000
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 year2017-12-310
Balance of prefunding at beginning of current year2017-12-31233,754
Total employer contributions2017-12-31590,000
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 date2017-12-31567,183
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 cost2017-12-31653,872
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31648,641
Prefunding balance elected to use to offset funding requirement2017-12-3181,458
Additional cash requirement2017-12-31567,183
Contributions allocatedtoward minimum required contributions for current year2017-12-31567,183
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: PENNSYLVANIA GASTROENTEROLOGY CONSULTANTS, PC CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31992,520
Acturial value of plan assets2016-12-31992,520
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-313,023
Active participant vested funding target2016-12-31903,031
Number of active participants2016-12-3136
Total funding liabilities for active participants2016-12-31905,699
Total participant count2016-12-3137
Total funding target for all participants2016-12-31908,722
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31110,060
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 balance2016-12-310
Amount remaining of prefunding balance2016-12-31110,060
Present value of excess contributions2016-12-3129,649
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3131,428
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 elections2016-12-3129,000
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-3180,047
Total employer contributions2016-12-31445,000
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 date2016-12-31430,723
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 cost2016-12-31283,807
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31280,056
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31280,056
Contributions allocatedtoward minimum required contributions for current year2016-12-31430,723
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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