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SURGICAL ASSOCIATES OF BLOOMINGTON, PC CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameSURGICAL ASSOCIATES OF BLOOMINGTON, PC CASH BALANCE PENSION PLAN
Plan identification number 002

SURGICAL ASSOCIATES OF BLOOMINGTON, 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

SURGICAL ASSOCIATES OF BLOOMINGTON, PC has sponsored the creation of one or more 401k plans.

Company Name:SURGICAL ASSOCIATES OF BLOOMINGTON, PC
Employer identification number (EIN):352154892
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SURGICAL ASSOCIATES OF BLOOMINGTON, PC CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01FADI F. HADDAD2016-07-29 FADI F. HADDAD2016-07-29
0022014-01-01FADI F. HADDAD2015-07-13
0022013-01-01F. HADDAD2014-10-08 F. HADDAD2014-10-08
0022012-01-01FADI F. HADDAD2013-10-15 FADI F. HADDAD2013-10-15
0022011-01-01F. HADDAD2012-10-05 F. HADDAD2012-10-05
0022010-01-01F. HADDAD2011-06-27

Plan Statistics for SURGICAL ASSOCIATES OF BLOOMINGTON, PC CASH BALANCE PENSION PLAN

401k plan membership statisitcs for SURGICAL ASSOCIATES OF BLOOMINGTON, PC CASH BALANCE PENSION PLAN

Measure Date Value
2022: SURGICAL ASSOCIATES OF BLOOMINGTON, PC CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-312,492,459
Acturial value of plan assets2022-12-312,492,459
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-311
Fundng target for terminated vested participants2022-12-311,320
Active participant vested funding target2022-12-311,518,305
Number of active participants2022-12-313
Total funding liabilities for active participants2022-12-311,518,305
Total participant count2022-12-314
Total funding target for all participants2022-12-311,519,625
Balance at beginning of prior year after applicable adjustments2022-12-314,224
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 balance2022-12-314,224
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-3177,191
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3179,846
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 year2022-12-314,908
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-3141,701
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 date2022-12-3140,129
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 cost2022-12-3189,301
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 year2022-12-3140,129
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: SURGICAL ASSOCIATES OF BLOOMINGTON, PC CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-312,075,933
Acturial value of plan assets2021-12-312,075,933
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-311
Fundng target for terminated vested participants2021-12-311,212
Active participant vested funding target2021-12-311,422,802
Number of active participants2021-12-313
Total funding liabilities for active participants2021-12-311,422,802
Total participant count2021-12-314
Total funding target for all participants2021-12-311,424,014
Balance at beginning of prior year after applicable adjustments2021-12-314,039
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Amount remaining of carryover balance2021-12-314,039
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-3185,939
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3190,434
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 year2021-12-314,224
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-3180,000
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 date2021-12-3177,191
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 cost2021-12-3190,848
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 year2021-12-3177,191
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: SURGICAL ASSOCIATES OF BLOOMINGTON, PC CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-311,898,689
Acturial value of plan assets2020-12-311,898,689
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-311,240
Active participant vested funding target2020-12-311,203,915
Number of active participants2020-12-313
Total funding liabilities for active participants2020-12-311,203,915
Total participant count2020-12-314
Total funding target for all participants2020-12-311,205,155
Balance at beginning of prior year after applicable adjustments2020-12-313,410
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 balance2020-12-313,410
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-31141,442
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31149,037
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 year2020-12-314,039
Balance of prefunding at beginning of current year2020-12-310
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 date2020-12-3185,939
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 cost2020-12-3183,241
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-3185,939
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: SURGICAL ASSOCIATES OF BLOOMINGTON, PC CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-311,477,473
Acturial value of plan assets2019-12-311,477,473
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-311,432
Active participant vested funding target2019-12-311,110,376
Number of active participants2019-12-313
Total funding liabilities for active participants2019-12-311,110,376
Total participant count2019-12-314
Total funding target for all participants2019-12-311,111,808
Balance at beginning of prior year after applicable adjustments2019-12-313,612
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 balance2019-12-313,612
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-31111,737
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31117,927
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 year2019-12-313,410
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31150,000
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 date2019-12-31141,442
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 cost2019-12-3184,366
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31141,442
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: SURGICAL ASSOCIATES OF BLOOMINGTON, PC CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-311,440,576
Acturial value of plan assets2018-12-311,440,576
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-311,200
Active participant vested funding target2018-12-31942,820
Number of active participants2018-12-313
Total funding liabilities for active participants2018-12-31842,820
Total participant count2018-12-314
Total funding target for all participants2018-12-31844,020
Balance at beginning of prior year after applicable adjustments2018-12-313,197
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 balance2018-12-313,197
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-31132,849
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31140,475
Balance of carryovers at beginning of current year2018-12-313,612
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31118,000
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 date2018-12-31111,737
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 cost2018-12-3180,123
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-31111,737
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: SURGICAL ASSOCIATES OF BLOOMINGTON, PC CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-311,149,813
Acturial value of plan assets2017-12-311,149,813
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-31914
Active participant vested funding target2017-12-31768,688
Number of active participants2017-12-313
Total funding liabilities for active participants2017-12-31768,688
Total participant count2017-12-314
Total funding target for all participants2017-12-31769,602
Balance at beginning of prior year after applicable adjustments2017-12-312,902
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 balance2017-12-312,902
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-3198,975
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31104,834
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 year2017-12-313,197
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31140,000
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 date2017-12-31132,849
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 cost2017-12-3173,541
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31132,849
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: SURGICAL ASSOCIATES OF BLOOMINGTON, PC CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31945,468
Acturial value of plan assets2016-12-31945,468
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-31674,451
Number of active participants2016-12-314
Total funding liabilities for active participants2016-12-31674,451
Total participant count2016-12-314
Total funding target for all participants2016-12-31674,451
Balance at beginning of prior year after applicable adjustments2016-12-312,958
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 balance2016-12-312,958
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-3193,719
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3199,455
Balance of carryovers at beginning of current year2016-12-312,902
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31103,770
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 date2016-12-3198,975
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 cost2016-12-3173,296
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 balances2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-3198,975
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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