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SURGICAL ASSOCIATES, S.C. CASH BALANCE PLAN 401k Plan overview

Plan NameSURGICAL ASSOCIATES, S.C. CASH BALANCE PLAN
Plan identification number 003

SURGICAL ASSOCIATES, S.C. CASH BALANCE 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).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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

SURGICAL ASSOCIATES, S.C. has sponsored the creation of one or more 401k plans.

Company Name:SURGICAL ASSOCIATES, S.C.
Employer identification number (EIN):391540657
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, S.C. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032020-03-01
0032019-03-01
0032018-03-01
0032017-03-01MICHAEL MURPHY2019-01-04 MICHAEL MURPHY2019-01-04
0032016-03-01MICHAEL MURPHY2019-01-04 MICHAEL MURPHY2019-01-04
0032015-03-01MICHAEL MURPHY2019-01-04 MICHAEL MURPHY2019-01-04

Plan Statistics for SURGICAL ASSOCIATES, S.C. CASH BALANCE PLAN

401k plan membership statisitcs for SURGICAL ASSOCIATES, S.C. CASH BALANCE PLAN

Measure Date Value
2020: SURGICAL ASSOCIATES, S.C. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-02-293,054,919
Acturial value of plan assets2020-02-293,054,919
Funding target for retired participants and beneficiaries receiving payment2020-02-290
Number of terminated vested participants2020-02-292
Fundng target for terminated vested participants2020-02-29252,569
Active participant vested funding target2020-02-291,935,534
Number of active participants2020-02-2956
Total funding liabilities for active participants2020-02-291,945,141
Total participant count2020-02-2958
Total funding target for all participants2020-02-292,197,710
Balance at beginning of prior year after applicable adjustments2020-02-290
Prefunding balance at beginning of prior year after applicable adjustments2020-02-290
Carryover balanced portion elected for use to offset prior years funding requirement2020-02-290
Prefunding balanced used to offset prior years funding requirement2020-02-290
Amount remaining of carryover balance2020-02-290
Amount remaining of prefunding balance2020-02-290
Present value of excess contributions2020-02-29699,767
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-02-29738,954
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-02-290
Reductions in caryover balances due to elections or deemed elections2020-02-290
Reductions in prefunding balances due to elections or deemed elections2020-02-290
Balance of carryovers at beginning of current year2020-02-290
Balance of prefunding at beginning of current year2020-02-290
Total employer contributions2020-02-29327,906
Total employee contributions2020-02-290
Contributions allocated toward unpaid minimum require contributions from prior years2020-02-290
Contributions made to avoid restrictions adjusted to valuation date2020-02-290
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-02-29321,568
Unpaid minimum required contributions for all prior years2020-02-290
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-02-290
Remaining amount of unpaid minimum required contributions2020-02-290
Minimum required contributions for current year target normal cost2020-02-29530,545
Net shortfall amortization installment of oustanding balance2020-02-290
Waiver amortization installment2020-02-290
Total funding amount beforereflecting carryover/prefunding balances2020-02-290
Carryover balance elected to use to offset funding requirement2020-02-290
Prefunding balance elected to use to offset funding requirement2020-02-290
Additional cash requirement2020-02-290
Contributions allocatedtoward minimum required contributions for current year2020-02-29321,568
Unpaid minimum required contributions for current year2020-02-290
Unpaid minimum required contributions for all years2020-02-290
2019: SURGICAL ASSOCIATES, S.C. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-02-282,279,903
Acturial value of plan assets2019-02-282,279,903
Funding target for retired participants and beneficiaries receiving payment2019-02-280
Number of terminated vested participants2019-02-281
Fundng target for terminated vested participants2019-02-28232,533
Active participant vested funding target2019-02-281,303,506
Number of active participants2019-02-2850
Total funding liabilities for active participants2019-02-281,315,475
Total participant count2019-02-2851
Total funding target for all participants2019-02-281,548,008
Balance at beginning of prior year after applicable adjustments2019-02-280
Prefunding balance at beginning of prior year after applicable adjustments2019-02-280
Carryover balanced portion elected for use to offset prior years funding requirement2019-02-280
Prefunding balanced used to offset prior years funding requirement2019-02-280
Amount remaining of carryover balance2019-02-280
Amount remaining of prefunding balance2019-02-280
Present value of excess contributions2019-02-28753,905
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-02-28799,139
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-02-280
Reductions in caryover balances due to elections or deemed elections2019-02-280
Reductions in prefunding balances due to elections or deemed elections2019-02-280
Balance of carryovers at beginning of current year2019-02-280
Balance of prefunding at beginning of current year2019-02-280
Total employer contributions2019-02-28724,713
Total employee contributions2019-02-280
Contributions allocated toward unpaid minimum require contributions from prior years2019-02-280
Contributions made to avoid restrictions adjusted to valuation date2019-02-280
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-02-28699,767
Unpaid minimum required contributions for all prior years2019-02-280
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-02-280
Remaining amount of unpaid minimum required contributions2019-02-280
Minimum required contributions for current year target normal cost2019-02-28492,918
Net shortfall amortization installment of oustanding balance2019-02-280
Waiver amortization installment2019-02-280
Total funding amount beforereflecting carryover/prefunding balances2019-02-280
Carryover balance elected to use to offset funding requirement2019-02-280
Prefunding balance elected to use to offset funding requirement2019-02-280
Additional cash requirement2019-02-280
Contributions allocatedtoward minimum required contributions for current year2019-02-28699,767
Unpaid minimum required contributions for current year2019-02-280
Unpaid minimum required contributions for all years2019-02-280
2018: SURGICAL ASSOCIATES, S.C. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-02-281,381,561
Acturial value of plan assets2018-02-281,381,561
Funding target for retired participants and beneficiaries receiving payment2018-02-280
Number of terminated vested participants2018-02-280
Fundng target for terminated vested participants2018-02-280
Active participant vested funding target2018-02-285,082
Number of active participants2018-02-2849
Total funding liabilities for active participants2018-02-28856,864
Total participant count2018-02-2849
Total funding target for all participants2018-02-28856,864
Balance at beginning of prior year after applicable adjustments2018-02-280
Prefunding balance at beginning of prior year after applicable adjustments2018-02-280
Carryover balanced portion elected for use to offset prior years funding requirement2018-02-280
Prefunding balanced used to offset prior years funding requirement2018-02-280
Amount remaining of carryover balance2018-02-280
Amount remaining of prefunding balance2018-02-280
Present value of excess contributions2018-02-28487,333
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-02-28517,353
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-02-280
Reductions in caryover balances due to elections or deemed elections2018-02-280
Reductions in prefunding balances due to elections or deemed elections2018-02-280
Balance of carryovers at beginning of current year2018-02-280
Balance of prefunding at beginning of current year2018-02-280
Total employer contributions2018-02-28782,213
Total employee contributions2018-02-280
Contributions allocated toward unpaid minimum require contributions from prior years2018-02-280
Contributions made to avoid restrictions adjusted to valuation date2018-02-280
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-02-28753,905
Unpaid minimum required contributions for all prior years2018-02-280
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-02-280
Remaining amount of unpaid minimum required contributions2018-02-280
Minimum required contributions for current year target normal cost2018-02-28464,075
Net shortfall amortization installment of oustanding balance2018-02-280
Waiver amortization installment2018-02-280
Total funding amount beforereflecting carryover/prefunding balances2018-02-280
Carryover balance elected to use to offset funding requirement2018-02-280
Prefunding balance elected to use to offset funding requirement2018-02-280
Additional cash requirement2018-02-280
Contributions allocatedtoward minimum required contributions for current year2018-02-28753,905
Unpaid minimum required contributions for current year2018-02-280
Unpaid minimum required contributions for all years2018-02-280
2017: SURGICAL ASSOCIATES, S.C. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-02-28579,304
Acturial value of plan assets2017-02-28579,304
Funding target for retired participants and beneficiaries receiving payment2017-02-280
Number of terminated vested participants2017-02-280
Fundng target for terminated vested participants2017-02-280
Active participant vested funding target2017-02-282,499
Number of active participants2017-02-2838
Total funding liabilities for active participants2017-02-28362,634
Total participant count2017-02-2838
Total funding target for all participants2017-02-28362,634
Balance at beginning of prior year after applicable adjustments2017-02-280
Prefunding balance at beginning of prior year after applicable adjustments2017-02-280
Carryover balanced portion elected for use to offset prior years funding requirement2017-02-280
Prefunding balanced used to offset prior years funding requirement2017-02-280
Amount remaining of carryover balance2017-02-280
Amount remaining of prefunding balance2017-02-280
Present value of excess contributions2017-02-28237,277
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-02-28252,629
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-02-280
Reductions in caryover balances due to elections or deemed elections2017-02-280
Reductions in prefunding balances due to elections or deemed elections2017-02-280
Balance of carryovers at beginning of current year2017-02-280
Balance of prefunding at beginning of current year2017-02-280
Total employer contributions2017-02-28714,871
Total employee contributions2017-02-280
Contributions allocated toward unpaid minimum require contributions from prior years2017-02-280
Contributions made to avoid restrictions adjusted to valuation date2017-02-280
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-02-28688,147
Unpaid minimum required contributions for all prior years2017-02-280
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-02-280
Remaining amount of unpaid minimum required contributions2017-02-280
Minimum required contributions for current year target normal cost2017-02-28417,484
Net shortfall amortization installment of oustanding balance2017-02-280
Waiver amortization installment2017-02-280
Total funding amount beforereflecting carryover/prefunding balances2017-02-28200,814
Carryover balance elected to use to offset funding requirement2017-02-280
Prefunding balance elected to use to offset funding requirement2017-02-280
Additional cash requirement2017-02-28200,814
Contributions allocatedtoward minimum required contributions for current year2017-02-28688,147
Unpaid minimum required contributions for current year2017-02-280
Unpaid minimum required contributions for all years2017-02-280

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