WEST TEXAS HEALTH, PLLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan ABILENE DIAGNOSTIC CLINIC, PLLC DBPP & T #1
| Measure | Date | Value |
|---|
| 2023: ABILENE DIAGNOSTIC CLINIC, PLLC DBPP & T #1 2023 401k membership |
|---|
| Total participants, beginning-of-year | 2023-01-01 | 26 |
| Total number of active participants reported on line 7a of the Form 5500 | 2023-01-01 | 4 |
| Number of retired or separated participants receiving benefits | 2023-01-01 | 8 |
| Number of other retired or separated participants entitled to future benefits | 2023-01-01 | 5 |
| Total of all active and inactive participants | 2023-01-01 | 17 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2023-01-01 | 2 |
| Total participants | 2023-01-01 | 19 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2023-01-01 | 0 |
| 2022: ABILENE DIAGNOSTIC CLINIC, PLLC DBPP & T #1 2022 401k membership |
|---|
| Market value of plan assets | 2022-12-31 | 4,283,888 |
| Acturial value of plan assets | 2022-12-31 | 4,283,888 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 1,392,876 |
| Number of terminated vested participants | 2022-12-31 | 15 |
| Fundng target for terminated vested participants | 2022-12-31 | 1,900,974 |
| Active participant vested funding target | 2022-12-31 | 190,387 |
| Number of active participants | 2022-12-31 | 4 |
| Total funding liabilities for active participants | 2022-12-31 | 190,387 |
| Total participant count | 2022-12-31 | 26 |
| Total funding target for all participants | 2022-12-31 | 3,484,237 |
| Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 46,974 |
| 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 | 46,974 |
| Amount remaining of prefunding balance | 2022-12-31 | 0 |
| Present value of excess contributions | 2022-12-31 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
| 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 | 51,906 |
| Balance of prefunding at beginning of current year | 2022-12-31 | 0 |
| Total employer contributions | 2022-12-31 | 0 |
| 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 | 0 |
| 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 | 40,000 |
| Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
| Waiver amortization installment | 2022-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
| Additional cash requirement | 2022-12-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 0 |
| 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 | 2022-10-05 | 27 |
| Total number of particpants at end of year | 2022-10-05 | 4 |
| Total participants, beginning-of-year | 2022-01-01 | 26 |
| Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 4 |
| Number of retired or separated participants receiving benefits | 2022-01-01 | 7 |
| Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 13 |
| Total of all active and inactive participants | 2022-01-01 | 24 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 2 |
| Total participants | 2022-01-01 | 26 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
| 2021: ABILENE DIAGNOSTIC CLINIC, PLLC DBPP & T #1 2021 401k membership |
|---|
| Market value of plan assets | 2021-12-31 | 4,028,862 |
| Acturial value of plan assets | 2021-12-31 | 4,028,862 |
| Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 1,459,321 |
| Number of terminated vested participants | 2021-12-31 | 16 |
| Fundng target for terminated vested participants | 2021-12-31 | 2,043,365 |
| Active participant vested funding target | 2021-12-31 | 196,470 |
| Number of active participants | 2021-12-31 | 4 |
| Total funding liabilities for active participants | 2021-12-31 | 196,470 |
| Total participant count | 2021-12-31 | 27 |
| Total funding target for all participants | 2021-12-31 | 3,699,156 |
| Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 40,840 |
| 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 | 40,840 |
| Amount remaining of prefunding balance | 2021-12-31 | 0 |
| Present value of excess contributions | 2021-12-31 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
| 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 | 46,974 |
| Balance of prefunding at beginning of current year | 2021-12-31 | 0 |
| Total employer contributions | 2021-12-31 | 0 |
| 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 | 0 |
| 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 | 40,000 |
| 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 | 0 |
| Additional cash requirement | 2021-12-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 0 |
| Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
| Measure | Date | Value |
|---|
| 2023 : ABILENE DIAGNOSTIC CLINIC, PLLC DBPP & T #1 2023 401k financial data |
|---|
| Total income from all sources | 2023-12-31 | $397,670 |
| Expenses. Total of all expenses incurred | 2023-12-31 | $859,272 |
| Benefits paid (including direct rollovers) | 2023-12-31 | $809,299 |
| Total plan assets at end of year | 2023-12-31 | $2,812,931 |
| Total plan assets at beginning of year | 2023-12-31 | $3,274,533 |
| Value of fidelity bond covering the plan | 2023-12-31 | $300,000 |
| Expenses. Other expenses not covered elsewhere | 2023-12-31 | $49,973 |
| Other income received | 2023-12-31 | $314,738 |
| Net income (gross income less expenses) | 2023-12-31 | $-461,602 |
| Net plan assets at end of year (total assets less liabilities) | 2023-12-31 | $2,812,931 |
| Net plan assets at beginning of year (total assets less liabilities) | 2023-12-31 | $3,274,533 |
| Total contributions received or receivable from employer(s) | 2023-12-31 | $82,932 |
| 2022 : ABILENE DIAGNOSTIC CLINIC, PLLC DBPP & T #1 2022 401k financial data |
|---|
| Total income from all sources | 2022-12-31 | $-831,817 |
| Expenses. Total of all expenses incurred | 2022-12-31 | $177,537 |
| Benefits paid (including direct rollovers) | 2022-12-31 | $122,528 |
| Total plan assets at end of year | 2022-12-31 | $3,274,533 |
| Total plan assets at beginning of year | 2022-12-31 | $4,283,887 |
| Value of fidelity bond covering the plan | 2022-12-31 | $300,000 |
| Expenses. Other expenses not covered elsewhere | 2022-12-31 | $55,009 |
| Other income received | 2022-12-31 | $-831,817 |
| Net income (gross income less expenses) | 2022-12-31 | $-1,009,354 |
| Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $3,274,533 |
| Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $4,283,887 |
| Total expenses incurred by plan in this plan year | 2022-10-05 | 174987 |
| Net assets as of the end of the plan year | 2022-10-05 | 4283887 |
| Total assets as of the beginning of the plan year | 2022-10-05 | 4028862 |
| Value of plan covered by a fidelity bond | 2022-10-05 | 300000 |
| Other expenses paid from plan in this plan year | 2022-10-05 | 53581 |
| Other contributions to plan in this plan year | 2022-10-05 | 502 |
| Other income to plan in this plan year | 2022-10-05 | 429510 |
| Plan net income in this plan year | 2022-10-05 | 255025 |
| Net assets as of the end of the plan year | 2022-10-05 | 4283887 |
| Net assets as of the beginning of the plan year | 2022-10-05 | 4028862 |
