401k Plan data: IMA, LLC CASH BALANCE PLAN plan

IMA, LLC CASH BALANCE PLAN 401k Plan overview

Plan Name	IMA, LLC CASH BALANCE PLAN
Plan identification number	003

IMA, LLC CASH BALANCE PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily flat dollar (includes dollars per year of service)
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

INTERNAL MEDICINE ASSOCIATES, LLC has sponsored the creation of one or more 401k plans.

Company Name: INTERNAL MEDICINE ASSOCIATES, LLC

Employer identification number (EIN): 550861171

NAIC Classification: 621111
NAIC Description: Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IMA, LLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2023-01-01 STEVEN INGLE 2024-09-25
003 2022-01-01 STEVEN INGLE 2023-10-03
003 2021-01-01 STEVEN INGLE 2022-10-12
003 2021-01-01 STEVEN INGLE 2022-10-12
003 2020-01-01 STEVEN INGLE 2021-09-28

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
003	2023-01-01	STEVEN INGLE	2024-09-25
003	2022-01-01	STEVEN INGLE	2023-10-03
003	2021-01-01	STEVEN INGLE	2022-10-12
003	2021-01-01	STEVEN INGLE	2022-10-12
003	2020-01-01	STEVEN INGLE	2021-09-28

Plan Statistics for IMA, LLC CASH BALANCE PLAN

401k plan membership statisitcs for IMA, LLC CASH BALANCE PLAN

Measure Date Value
2025: IMA, LLC CASH BALANCE PLAN 2025 401k membership
Total number of particpants at beginning of year 2025-10-08 56
Total number of particpants at end of year 2025-10-08 52
2024: IMA, LLC CASH BALANCE PLAN 2024 401k membership
Total number of particpants at beginning of year 2024-09-25 50
Total number of particpants at end of year 2024-09-25 56
2022: IMA, LLC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets 2022-12-31 1,349,560
Acturial value of plan assets 2022-12-31 1,349,560
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 0
Number of terminated vested participants 2022-12-31 11
Fundng target for terminated vested participants 2022-12-31 8,187
Active participant vested funding target 2022-12-31 1,430,929
Number of active participants 2022-12-31 39
Total funding liabilities for active participants 2022-12-31 1,430,929
Total participant count 2022-12-31 50
Total funding target for all participants 2022-12-31 1,439,116
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 19,320
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 19,320
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 1,056,842
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 1,021,872
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 1,009,618
Net shortfall amortization installment of oustanding balance 2022-12-31 89,556
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 1,017,894
Additional cash requirement 2022-12-31 1,017,894
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 1,021,872
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
Total number of particpants at beginning of year 2022-10-12 34
Total number of particpants at end of year 2022-10-12 43
2021: IMA, LLC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets 2021-12-31 655,910
Acturial value of plan assets 2021-12-31 655,910
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 0
Number of terminated vested participants 2021-12-31 8
Fundng target for terminated vested participants 2021-12-31 5,836
Active participant vested funding target 2021-12-31 621,593
Number of active participants 2021-12-31 35
Total funding liabilities for active participants 2021-12-31 621,593
Total participant count 2021-12-31 43
Total funding target for all participants 2021-12-31 627,429
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 2021-12-31 31,575
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 31,575
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 721,515
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 703,796
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 712,957
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 684,476
Additional cash requirement 2021-12-31 684,476
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 703,796
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: IMA, LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets 2020-12-31 0
Acturial value of plan assets 2020-12-31 0
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 0
Number of terminated vested participants 2020-12-31 2
Fundng target for terminated vested participants 2020-12-31 0
Active participant vested funding target 2020-12-31 0
Number of active participants 2020-12-31 32
Total funding liabilities for active participants 2020-12-31 0
Total participant count 2020-12-31 34
Total funding target for all participants 2020-12-31 0
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 0
Present value of excess contributions 2020-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 0
Total employer contributions 2020-12-31 629,113
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 625,937
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 594,362
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 594,362
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 594,362
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 625,937
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0

Measure	Date	Value
2025: IMA, LLC CASH BALANCE PLAN 2025 401k membership
Total number of particpants at beginning of year	2025-10-08	56
Total number of particpants at end of year	2025-10-08	52
2024: IMA, LLC CASH BALANCE PLAN 2024 401k membership
Total number of particpants at beginning of year	2024-09-25	50
Total number of particpants at end of year	2024-09-25	56
2022: IMA, LLC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets	2022-12-31	1,349,560
Acturial value of plan assets	2022-12-31	1,349,560
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	11
Fundng target for terminated vested participants	2022-12-31	8,187
Active participant vested funding target	2022-12-31	1,430,929
Number of active participants	2022-12-31	39
Total funding liabilities for active participants	2022-12-31	1,430,929
Total participant count	2022-12-31	50
Total funding target for all participants	2022-12-31	1,439,116
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	19,320
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	19,320
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	1,056,842
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	1,021,872
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	1,009,618
Net shortfall amortization installment of oustanding balance	2022-12-31	89,556
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	1,017,894
Additional cash requirement	2022-12-31	1,017,894
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	1,021,872
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
Total number of particpants at beginning of year	2022-10-12	34
Total number of particpants at end of year	2022-10-12	43
2021: IMA, LLC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets	2021-12-31	655,910
Acturial value of plan assets	2021-12-31	655,910
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	8
Fundng target for terminated vested participants	2021-12-31	5,836
Active participant vested funding target	2021-12-31	621,593
Number of active participants	2021-12-31	35
Total funding liabilities for active participants	2021-12-31	621,593
Total participant count	2021-12-31	43
Total funding target for all participants	2021-12-31	627,429
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	31,575
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	31,575
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	721,515
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	703,796
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	712,957
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	684,476
Additional cash requirement	2021-12-31	684,476
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	703,796
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: IMA, LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets	2020-12-31	0
Acturial value of plan assets	2020-12-31	0
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	2
Fundng target for terminated vested participants	2020-12-31	0
Active participant vested funding target	2020-12-31	0
Number of active participants	2020-12-31	32
Total funding liabilities for active participants	2020-12-31	0
Total participant count	2020-12-31	34
Total funding target for all participants	2020-12-31	0
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	629,113
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	625,937
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	594,362
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	594,362
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	594,362
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	625,937
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0

Financial Data on IMA, LLC CASH BALANCE PLAN

Measure	Date	Value
2025 : IMA, LLC CASH BALANCE PLAN 2025 401k financial data
Total transfers to/from plan in this plan year	2025-10-08	0
Total liabilities as of the end of the plan year	2025-10-08	0
Total liabilities as of the beginning of the plan year	2025-10-08	0
Total expenses incurred by plan in this plan year	2025-10-08	38121
Net assets as of the end of the plan year	2025-10-08	4977710
Total assets as of the beginning of the plan year	2025-10-08	3621062
Value of plan covered by a fidelity bond	2025-10-08	500000
Participant contributions to plan in this plan year	2025-10-08	0
Other expenses paid from plan in this plan year	2025-10-08	0
Other contributions to plan in this plan year	2025-10-08	0
Other income to plan in this plan year	2025-10-08	142781
Plan net income in this plan year	2025-10-08	1356648
Net assets as of the end of the plan year	2025-10-08	4977710
Net assets as of the beginning of the plan year	2025-10-08	3621062
Employer contributions to plan in this plan year	2025-10-08	1251988
Expensese paid to adminstrative service provicers from plan in this plan year	2025-10-08	12882
2024 : IMA, LLC CASH BALANCE PLAN 2024 401k financial data
Total transfers to/from plan in this plan year	2024-09-25	0
Total liabilities as of the end of the plan year	2024-09-25	0
Total liabilities as of the beginning of the plan year	2024-09-25	0
Total expenses incurred by plan in this plan year	2024-09-25	7819
Net assets as of the end of the plan year	2024-09-25	3621062
Total assets as of the beginning of the plan year	2024-09-25	2406402
Value of plan covered by a fidelity bond	2024-09-25	500000
Participant contributions to plan in this plan year	2024-09-25	0
Other expenses paid from plan in this plan year	2024-09-25	0
Other contributions to plan in this plan year	2024-09-25	0
Other income to plan in this plan year	2024-09-25	111939
Plan net income in this plan year	2024-09-25	1214660
Net assets as of the end of the plan year	2024-09-25	3621062
Net assets as of the beginning of the plan year	2024-09-25	2406402
Employer contributions to plan in this plan year	2024-09-25	1110540
Expensese paid to adminstrative service provicers from plan in this plan year	2024-09-25	7819
2022 : IMA, LLC CASH BALANCE PLAN 2022 401k financial data
Total transfers to/from plan in this plan year	2022-10-12	0
Total liabilities as of the end of the plan year	2022-10-12	0
Total liabilities as of the beginning of the plan year	2022-10-12	0
Total expenses incurred by plan in this plan year	2022-10-12	2525
Net assets as of the end of the plan year	2022-10-12	1378676
Total assets as of the beginning of the plan year	2022-10-12	629113
Value of plan covered by a fidelity bond	2022-10-12	500000
Participant contributions to plan in this plan year	2022-10-12	0
Other expenses paid from plan in this plan year	2022-10-12	0
Other contributions to plan in this plan year	2022-10-12	0
Other income to plan in this plan year	2022-10-12	30573
Plan net income in this plan year	2022-10-12	749563
Net assets as of the end of the plan year	2022-10-12	1378676
Net assets as of the beginning of the plan year	2022-10-12	629113
Employer contributions to plan in this plan year	2022-10-12	721515
Expensese paid to adminstrative service provicers from plan in this plan year	2022-10-12	2525

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Company Name:	INTERNAL MEDICINE ASSOCIATES, LLC
Employer identification number (EIN):	550861171
NAIC Classification:	621111
NAIC Description:	Offices of Physicians (except Mental Health Specialists)