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DRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN 401k Plan overview

Plan NameDRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN
Plan identification number 002

DRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN Benefits

401k Plan TypeDefined 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).
  • 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

DRISKO, FEE & PARKINS, P.C. has sponsored the creation of one or more 401k plans.

Company Name:DRISKO, FEE & PARKINS, P.C.
Employer identification number (EIN):430948214
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-07-01
0022021-07-01
0022020-07-01
0022019-07-01
0022017-07-01JANEL CHILSON2019-01-18
0022015-07-01ROBERT DRISKO2017-03-30
0022013-07-01ROBERT DRISKO2015-04-08
0022012-07-01ROBERT DRISKO2014-04-08
0022011-07-01ROBERT DRISKO2013-04-15
0022010-07-01ROBERT DRISKO2012-04-12

Plan Statistics for DRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN

401k plan membership statisitcs for DRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN

Measure Date Value
2025: DRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN 2025 401k membership
Total number of particpants at beginning of year2025-04-08118
Total number of particpants at end of year2025-04-08100
2023: DRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN 2023 401k membership
Market value of plan assets2023-06-303,890,839
Acturial value of plan assets2023-06-303,890,839
Funding target for retired participants and beneficiaries receiving payment2023-06-300
Number of terminated vested participants2023-06-3022
Fundng target for terminated vested participants2023-06-3078,428
Active participant vested funding target2023-06-303,889,945
Number of active participants2023-06-3086
Total funding liabilities for active participants2023-06-303,890,851
Total participant count2023-06-30108
Total funding target for all participants2023-06-303,969,279
Balance at beginning of prior year after applicable adjustments2023-06-300
Prefunding balance at beginning of prior year after applicable adjustments2023-06-30469,866
Carryover balanced portion elected for use to offset prior years funding requirement2023-06-300
Prefunding balanced used to offset prior years funding requirement2023-06-300
Amount remaining of carryover balance2023-06-300
Amount remaining of prefunding balance2023-06-30469,866
Present value of excess contributions2023-06-3016,783
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-06-3016,783
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-06-300
Reductions in caryover balances due to elections or deemed elections2023-06-300
Reductions in prefunding balances due to elections or deemed elections2023-06-300
Balance of carryovers at beginning of current year2023-06-300
Balance of prefunding at beginning of current year2023-06-30416,818
Total employer contributions2023-06-30608,356
Total employee contributions2023-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2023-06-300
Contributions made to avoid restrictions adjusted to valuation date2023-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-06-30620,804
Unpaid minimum required contributions for all prior years2023-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-06-300
Remaining amount of unpaid minimum required contributions2023-06-300
Minimum required contributions for current year target normal cost2023-06-30574,042
Net shortfall amortization installment of oustanding balance2023-06-30517,599
Waiver amortization installment2023-06-300
Total funding amount beforereflecting carryover/prefunding balances2023-06-30624,364
Carryover balance elected to use to offset funding requirement2023-06-300
Prefunding balance elected to use to offset funding requirement2023-06-303,560
Additional cash requirement2023-06-30620,804
Contributions allocatedtoward minimum required contributions for current year2023-06-30620,804
Unpaid minimum required contributions for current year2023-06-300
Unpaid minimum required contributions for all years2023-06-300
2022: DRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-06-303,037,462
Acturial value of plan assets2022-06-303,037,462
Funding target for retired participants and beneficiaries receiving payment2022-06-300
Number of terminated vested participants2022-06-3017
Fundng target for terminated vested participants2022-06-3055,654
Active participant vested funding target2022-06-303,071,718
Number of active participants2022-06-3082
Total funding liabilities for active participants2022-06-303,071,718
Total participant count2022-06-3099
Total funding target for all participants2022-06-303,127,372
Balance at beginning of prior year after applicable adjustments2022-06-300
Prefunding balance at beginning of prior year after applicable adjustments2022-06-30410,148
Carryover balanced portion elected for use to offset prior years funding requirement2022-06-300
Prefunding balanced used to offset prior years funding requirement2022-06-300
Amount remaining of carryover balance2022-06-300
Amount remaining of prefunding balance2022-06-30410,148
Present value of excess contributions2022-06-30172,575
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-06-30172,575
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-06-300
Reductions in caryover balances due to elections or deemed elections2022-06-300
Reductions in prefunding balances due to elections or deemed elections2022-06-300
Balance of carryovers at beginning of current year2022-06-300
Balance of prefunding at beginning of current year2022-06-30469,866
Total employer contributions2022-06-30594,357
Total employee contributions2022-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2022-06-300
Contributions made to avoid restrictions adjusted to valuation date2022-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-06-30608,630
Unpaid minimum required contributions for all prior years2022-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-06-300
Remaining amount of unpaid minimum required contributions2022-06-300
Minimum required contributions for current year target normal cost2022-06-30537,217
Net shortfall amortization installment of oustanding balance2022-06-30585,901
Waiver amortization installment2022-06-300
Total funding amount beforereflecting carryover/prefunding balances2022-06-30591,847
Carryover balance elected to use to offset funding requirement2022-06-300
Prefunding balance elected to use to offset funding requirement2022-06-300
Additional cash requirement2022-06-30591,847
Contributions allocatedtoward minimum required contributions for current year2022-06-30608,630
Unpaid minimum required contributions for current year2022-06-300
Unpaid minimum required contributions for all years2022-06-300
2021: DRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-06-302,892,133
Acturial value of plan assets2021-06-302,892,133
Funding target for retired participants and beneficiaries receiving payment2021-06-300
Number of terminated vested participants2021-06-3012
Fundng target for terminated vested participants2021-06-3037,904
Active participant vested funding target2021-06-302,269,477
Number of active participants2021-06-3079
Total funding liabilities for active participants2021-06-302,269,819
Total participant count2021-06-3091
Total funding target for all participants2021-06-302,307,723
Balance at beginning of prior year after applicable adjustments2021-06-300
Prefunding balance at beginning of prior year after applicable adjustments2021-06-30398,666
Carryover balanced portion elected for use to offset prior years funding requirement2021-06-300
Prefunding balanced used to offset prior years funding requirement2021-06-300
Amount remaining of carryover balance2021-06-300
Amount remaining of prefunding balance2021-06-30398,666
Present value of excess contributions2021-06-308,757
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-06-308,757
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-06-300
Reductions in caryover balances due to elections or deemed elections2021-06-300
Reductions in prefunding balances due to elections or deemed elections2021-06-300
Balance of carryovers at beginning of current year2021-06-300
Balance of prefunding at beginning of current year2021-06-30410,148
Total employer contributions2021-06-30578,044
Total employee contributions2021-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-06-300
Contributions made to avoid restrictions adjusted to valuation date2021-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-06-30577,388
Liquidity shortfalls end of Q12021-06-300
Liquidity shortfalls end of Q22021-06-300
Liquidity shortfalls end of Q32021-06-300
Liquidity shortfalls end of Q42021-06-300
Unpaid minimum required contributions for all prior years2021-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-06-300
Remaining amount of unpaid minimum required contributions2021-06-300
Minimum required contributions for current year target normal cost2021-06-30555,286
Net shortfall amortization installment of oustanding balance2021-06-300
Waiver amortization installment2021-06-300
Total funding amount beforereflecting carryover/prefunding balances2021-06-30404,813
Carryover balance elected to use to offset funding requirement2021-06-300
Prefunding balance elected to use to offset funding requirement2021-06-300
Additional cash requirement2021-06-30404,813
Contributions allocatedtoward minimum required contributions for current year2021-06-30577,388
Unpaid minimum required contributions for current year2021-06-300
Unpaid minimum required contributions for all years2021-06-300
2020: DRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-06-301,883,277
Acturial value of plan assets2020-06-301,883,277
Funding target for retired participants and beneficiaries receiving payment2020-06-300
Number of terminated vested participants2020-06-3017
Fundng target for terminated vested participants2020-06-30346,209
Active participant vested funding target2020-06-301,494,670
Number of active participants2020-06-3062
Total funding liabilities for active participants2020-06-301,494,670
Total participant count2020-06-3079
Total funding target for all participants2020-06-301,840,879
Balance at beginning of prior year after applicable adjustments2020-06-300
Prefunding balance at beginning of prior year after applicable adjustments2020-06-30401,305
Carryover balanced portion elected for use to offset prior years funding requirement2020-06-300
Prefunding balanced used to offset prior years funding requirement2020-06-306,023
Amount remaining of carryover balance2020-06-300
Amount remaining of prefunding balance2020-06-30395,282
Present value of excess contributions2020-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-06-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-06-300
Reductions in caryover balances due to elections or deemed elections2020-06-300
Reductions in prefunding balances due to elections or deemed elections2020-06-3020,000
Balance of carryovers at beginning of current year2020-06-300
Balance of prefunding at beginning of current year2020-06-30385,520
Total employer contributions2020-06-30445,400
Total employee contributions2020-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-06-300
Contributions made to avoid restrictions adjusted to valuation date2020-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-06-30456,538
Unpaid minimum required contributions for all prior years2020-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-06-300
Remaining amount of unpaid minimum required contributions2020-06-300
Minimum required contributions for current year target normal cost2020-06-30418,559
Net shortfall amortization installment of oustanding balance2020-06-300
Waiver amortization installment2020-06-300
Total funding amount beforereflecting carryover/prefunding balances2020-06-30418,559
Carryover balance elected to use to offset funding requirement2020-06-300
Prefunding balance elected to use to offset funding requirement2020-06-300
Additional cash requirement2020-06-30418,559
Contributions allocatedtoward minimum required contributions for current year2020-06-30456,538
Unpaid minimum required contributions for current year2020-06-300
Unpaid minimum required contributions for all years2020-06-300
2019: DRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-06-301,883,277
Acturial value of plan assets2019-06-301,883,277
Funding target for retired participants and beneficiaries receiving payment2019-06-300
Number of terminated vested participants2019-06-3017
Fundng target for terminated vested participants2019-06-30346,209
Active participant vested funding target2019-06-301,494,670
Number of active participants2019-06-3062
Total funding liabilities for active participants2019-06-301,494,670
Total participant count2019-06-3079
Total funding target for all participants2019-06-301,840,879
Balance at beginning of prior year after applicable adjustments2019-06-300
Prefunding balance at beginning of prior year after applicable adjustments2019-06-30401,305
Carryover balanced portion elected for use to offset prior years funding requirement2019-06-300
Prefunding balanced used to offset prior years funding requirement2019-06-306,023
Amount remaining of carryover balance2019-06-300
Amount remaining of prefunding balance2019-06-30395,282
Present value of excess contributions2019-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-06-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-06-300
Reductions in caryover balances due to elections or deemed elections2019-06-300
Reductions in prefunding balances due to elections or deemed elections2019-06-3020,000
Balance of carryovers at beginning of current year2019-06-300
Balance of prefunding at beginning of current year2019-06-30385,520
Total employer contributions2019-06-30547,868
Total employee contributions2019-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-06-300
Contributions made to avoid restrictions adjusted to valuation date2019-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-06-30561,528
Unpaid minimum required contributions for all prior years2019-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-06-300
Remaining amount of unpaid minimum required contributions2019-06-300
Minimum required contributions for current year target normal cost2019-06-30418,559
Net shortfall amortization installment of oustanding balance2019-06-300
Waiver amortization installment2019-06-300
Total funding amount beforereflecting carryover/prefunding balances2019-06-30418,559
Carryover balance elected to use to offset funding requirement2019-06-300
Prefunding balance elected to use to offset funding requirement2019-06-300
Additional cash requirement2019-06-30418,559
Contributions allocatedtoward minimum required contributions for current year2019-06-30561,528
Unpaid minimum required contributions for current year2019-06-300
Unpaid minimum required contributions for all years2019-06-300
2018: DRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-06-302,515,930
Acturial value of plan assets2018-06-302,515,930
Funding target for retired participants and beneficiaries receiving payment2018-06-300
Number of terminated vested participants2018-06-3020
Fundng target for terminated vested participants2018-06-3088,549
Active participant vested funding target2018-06-302,169,760
Number of active participants2018-06-3046
Total funding liabilities for active participants2018-06-302,169,760
Total participant count2018-06-3066
Total funding target for all participants2018-06-302,258,309
Balance at beginning of prior year after applicable adjustments2018-06-300
Prefunding balance at beginning of prior year after applicable adjustments2018-06-30414,614
Carryover balanced portion elected for use to offset prior years funding requirement2018-06-300
Prefunding balanced used to offset prior years funding requirement2018-06-300
Amount remaining of carryover balance2018-06-300
Amount remaining of prefunding balance2018-06-30414,614
Present value of excess contributions2018-06-3057,173
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-06-3057,173
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-06-300
Reductions in caryover balances due to elections or deemed elections2018-06-300
Reductions in prefunding balances due to elections or deemed elections2018-06-300
Balance of carryovers at beginning of current year2018-06-300
Balance of prefunding at beginning of current year2018-06-30401,305
Total employer contributions2018-06-30671,422
Total employee contributions2018-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-06-300
Contributions made to avoid restrictions adjusted to valuation date2018-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-06-30682,323
Unpaid minimum required contributions for all prior years2018-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-06-300
Remaining amount of unpaid minimum required contributions2018-06-300
Minimum required contributions for current year target normal cost2018-06-30688,715
Net shortfall amortization installment of oustanding balance2018-06-300
Waiver amortization installment2018-06-300
Total funding amount beforereflecting carryover/prefunding balances2018-06-30688,715
Carryover balance elected to use to offset funding requirement2018-06-300
Prefunding balance elected to use to offset funding requirement2018-06-306,392
Additional cash requirement2018-06-30682,323
Contributions allocatedtoward minimum required contributions for current year2018-06-30682,323
Unpaid minimum required contributions for current year2018-06-300
Unpaid minimum required contributions for all years2018-06-300
2017: DRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-06-302,115,069
Acturial value of plan assets2017-06-302,115,069
Funding target for retired participants and beneficiaries receiving payment2017-06-300
Number of terminated vested participants2017-06-3018
Fundng target for terminated vested participants2017-06-3077,852
Active participant vested funding target2017-06-301,799,114
Number of active participants2017-06-3042
Total funding liabilities for active participants2017-06-301,799,114
Total participant count2017-06-3060
Total funding target for all participants2017-06-301,876,966
Balance at beginning of prior year after applicable adjustments2017-06-300
Prefunding balance at beginning of prior year after applicable adjustments2017-06-30394,795
Carryover balanced portion elected for use to offset prior years funding requirement2017-06-300
Prefunding balanced used to offset prior years funding requirement2017-06-300
Amount remaining of carryover balance2017-06-300
Amount remaining of prefunding balance2017-06-30394,795
Present value of excess contributions2017-06-3030,622
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-06-3030,622
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-06-300
Reductions in caryover balances due to elections or deemed elections2017-06-300
Reductions in prefunding balances due to elections or deemed elections2017-06-300
Balance of carryovers at beginning of current year2017-06-300
Balance of prefunding at beginning of current year2017-06-30414,614
Total employer contributions2017-06-30414,036
Total employee contributions2017-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-06-300
Contributions made to avoid restrictions adjusted to valuation date2017-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-06-30420,027
Unpaid minimum required contributions for all prior years2017-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-06-300
Remaining amount of unpaid minimum required contributions2017-06-300
Minimum required contributions for current year target normal cost2017-06-30362,854
Net shortfall amortization installment of oustanding balance2017-06-300
Waiver amortization installment2017-06-300
Total funding amount beforereflecting carryover/prefunding balances2017-06-30362,854
Carryover balance elected to use to offset funding requirement2017-06-300
Prefunding balance elected to use to offset funding requirement2017-06-300
Additional cash requirement2017-06-30362,854
Contributions allocatedtoward minimum required contributions for current year2017-06-30420,027
Unpaid minimum required contributions for current year2017-06-300
Unpaid minimum required contributions for all years2017-06-300

Financial Data on DRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN

Measure Date Value
2025 : DRISKO, FEE & PARKINS, P.C. CASH BALANCE PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-04-0818991
Total liabilities as of the beginning of the plan year2025-04-080
Total expenses incurred by plan in this plan year2025-04-08126930
Net assets as of the end of the plan year2025-04-085608060
Total assets as of the beginning of the plan year2025-04-084513247
Value of plan covered by a fidelity bond2025-04-08300000
Other income to plan in this plan year2025-04-08660170
Plan net income in this plan year2025-04-081075822
Net assets as of the end of the plan year2025-04-085589069
Net assets as of the beginning of the plan year2025-04-084513247
Employer contributions to plan in this plan year2025-04-08542582
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-0834020

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