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NORTHERN ORTHOPEDICS, LTD. PENSION PLAN 401k Plan overview

Plan NameNORTHERN ORTHOPEDICS, LTD. PENSION PLAN
Plan identification number 002

NORTHERN ORTHOPEDICS, LTD. 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).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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).

401k Sponsoring company profile

NORTHERN ORTHOPEDICS, LTD. has sponsored the creation of one or more 401k plans.

Company Name:NORTHERN ORTHOPEDICS, LTD.
Employer identification number (EIN):411277115
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTHERN ORTHOPEDICS, LTD. PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022019-01-01DR. CHRISTOPHER METZ2019-11-26
0022018-01-01DR. CHRISTOPHER METZ2019-07-03
0022017-01-01DR. CHRISTOPHER METZ2018-05-16
0022016-01-01DR. CHRISTOPHER METZ2017-08-28
0022015-01-01DR. CHRISTOPHER METZ2016-06-06
0022014-01-01DR. CHRISTOPHER METZ2015-07-01
0022013-01-01DR. CHRISTOPHER METZ2014-10-15
0022012-01-01DR. CHRISTOPHER METZ2013-06-26
0022011-01-01DR. CHRISTOPHER METZ2012-08-01
0022010-01-01DR. CHRISTOPHER METZ2011-07-13

Plan Statistics for NORTHERN ORTHOPEDICS, LTD. PENSION PLAN

401k plan membership statisitcs for NORTHERN ORTHOPEDICS, LTD. PENSION PLAN

Measure Date Value
2019: NORTHERN ORTHOPEDICS, LTD. PENSION PLAN 2019 401k membership
Market value of plan assets2019-09-043,517,192
Acturial value of plan assets2019-09-043,517,192
Funding target for retired participants and beneficiaries receiving payment2019-09-040
Number of terminated vested participants2019-09-0436
Fundng target for terminated vested participants2019-09-04667,422
Active participant vested funding target2019-09-042,338,589
Number of active participants2019-09-045
Total funding liabilities for active participants2019-09-042,338,589
Total participant count2019-09-0441
Total funding target for all participants2019-09-043,006,011
Balance at beginning of prior year after applicable adjustments2019-09-040
Prefunding balance at beginning of prior year after applicable adjustments2019-09-040
Carryover balanced portion elected for use to offset prior years funding requirement2019-09-040
Prefunding balanced used to offset prior years funding requirement2019-09-040
Amount remaining of carryover balance2019-09-040
Amount remaining of prefunding balance2019-09-040
Present value of excess contributions2019-09-04159,522
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-09-04168,391
Balance of carryovers at beginning of current year2019-09-040
Balance of prefunding at beginning of current year2019-09-040
Total employer contributions2019-09-040
Total employee contributions2019-09-040
Contributions allocated toward unpaid minimum require contributions from prior years2019-09-040
Contributions made to avoid restrictions adjusted to valuation date2019-09-040
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-09-040
Unpaid minimum required contributions for all prior years2019-09-040
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-09-040
Remaining amount of unpaid minimum required contributions2019-09-040
Minimum required contributions for current year target normal cost2019-09-040
Net shortfall amortization installment of oustanding balance2019-09-040
Total funding amount beforereflecting carryover/prefunding balances2019-09-040
Carryover balance elected to use to offset funding requirement2019-09-040
Prefunding balance elected to use to offset funding requirement2019-09-040
Additional cash requirement2019-09-040
Contributions allocatedtoward minimum required contributions for current year2019-09-040
Unpaid minimum required contributions for current year2019-09-040
Unpaid minimum required contributions for all years2019-09-040
2018: NORTHERN ORTHOPEDICS, LTD. PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-313,297,264
Acturial value of plan assets2018-12-313,297,264
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-316
Fundng target for terminated vested participants2018-12-31385,973
Active participant vested funding target2018-12-312,263,670
Number of active participants2018-12-3137
Total funding liabilities for active participants2018-12-312,264,868
Total participant count2018-12-3143
Total funding target for all participants2018-12-312,650,841
Balance at beginning of prior year after applicable adjustments2018-12-310
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 balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-31139,507
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31147,682
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31164,536
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 date2018-12-31159,522
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 cost2018-12-31124,752
Net shortfall amortization installment of oustanding balance2018-12-310
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 year2018-12-31159,522
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: NORTHERN ORTHOPEDICS, LTD. PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-312,845,923
Acturial value of plan assets2017-12-312,845,923
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-314
Fundng target for terminated vested participants2017-12-31359,714
Active participant vested funding target2017-12-311,985,650
Number of active participants2017-12-3139
Total funding liabilities for active participants2017-12-311,987,320
Total participant count2017-12-3143
Total funding target for all participants2017-12-312,347,034
Balance at beginning of prior year after applicable adjustments2017-12-310
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 balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31144,870
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31153,562
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31143,000
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 date2017-12-31139,507
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 cost2017-12-31114,226
Net shortfall amortization installment of oustanding balance2017-12-310
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 year2017-12-31139,507
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: NORTHERN ORTHOPEDICS, LTD. PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-312,570,217
Acturial value of plan assets2016-12-312,570,217
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-314
Fundng target for terminated vested participants2016-12-3112,202
Active participant vested funding target2016-12-312,074,397
Number of active participants2016-12-3136
Total funding liabilities for active participants2016-12-312,075,786
Total participant count2016-12-3140
Total funding target for all participants2016-12-312,087,988
Balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31111,792
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31118,690
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 year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31150,000
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 date2016-12-31144,870
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 cost2016-12-31105,111
Net shortfall amortization installment of oustanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-31144,870
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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