401k Plan data: SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN plan

SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN 401k Plan overview

Plan Name	SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN
Plan identification number	006

SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN Benefits

401k Plan Type

Defined 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).

401k Sponsoring company profile

SALEM CLINIC, P.C. has sponsored the creation of one or more 401k plans.

Company Name: SALEM CLINIC, P.C.

Employer identification number (EIN): 930791519

NAIC Classification: 622000
NAIC Description: Hospitals

Additional information about SALEM CLINIC, P.C.

Jurisdiction of Incorporation: Oregon Secretary of State Corporations Division

Incorporation Date: 1981-06-23

Company Identification Number: 15380017

Legal Registered Office Address: 2020 CAPITOL ST NE

SALEM
United States of America (USA)
97301

More information about SALEM CLINIC, P.C.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
006 2022-01-01 DAVID FARWELL 2023-06-07
006 2021-01-01 DAVID FARWELL 2022-07-14
006 2020-01-01 DAVID FARWELL 2021-07-19
006 2018-01-01 BARBARA L. GUNDER 2019-05-08
006 2017-01-01 BARBARA L. GUNDER 2018-06-18
006 2016-01-01 BARBARA L. GUNDER 2017-05-11
006 2015-01-01 BARBARA L. GUNDER 2016-07-11
006 2014-01-01 BARBARA L. GUNDER 2015-07-22
006 2013-01-01 BARBARA L. GUNDER 2014-07-17
006 2012-01-01 BARBARA L. GUNDER 2013-02-19
006 2011-01-01 BARBARA L. GUNDER 2012-03-27
006 2010-01-01 BARBARA L. GUNDER 2011-04-05

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
006	2022-01-01	DAVID FARWELL	2023-06-07
006	2021-01-01	DAVID FARWELL	2022-07-14
006	2020-01-01	DAVID FARWELL	2021-07-19
006	2018-01-01	BARBARA L. GUNDER	2019-05-08
006	2017-01-01	BARBARA L. GUNDER	2018-06-18
006	2016-01-01	BARBARA L. GUNDER	2017-05-11
006	2015-01-01	BARBARA L. GUNDER	2016-07-11
006	2014-01-01	BARBARA L. GUNDER	2015-07-22
006	2013-01-01	BARBARA L. GUNDER	2014-07-17
006	2012-01-01	BARBARA L. GUNDER	2013-02-19
006	2011-01-01	BARBARA L. GUNDER	2012-03-27
006	2010-01-01	BARBARA L. GUNDER	2011-04-05

Plan Statistics for SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN

Measure Date Value
2022: SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets 2022-12-31 27,582,311
Acturial value of plan assets 2022-12-31 27,582,311
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 257,677
Number of terminated vested participants 2022-12-31 14
Fundng target for terminated vested participants 2022-12-31 2,066,362
Active participant vested funding target 2022-12-31 15,263,722
Number of active participants 2022-12-31 66
Total funding liabilities for active participants 2022-12-31 15,288,100
Total participant count 2022-12-31 81
Total funding target for all participants 2022-12-31 17,612,139
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 8,470,089
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 8,470,089
Present value of excess contributions 2022-12-31 1,108,032
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 1,168,198
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 1,161,218
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 187,975
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 9,970,172
Total employer contributions 2022-12-31 3,200,000
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 2,984,476
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 1,191,391
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 1,191,391
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 1,191,391
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 2,984,476
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets 2021-12-31 23,840,105
Acturial value of plan assets 2021-12-31 23,840,105
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 286,473
Number of terminated vested participants 2021-12-31 7
Fundng target for terminated vested participants 2021-12-31 1,024,876
Active participant vested funding target 2021-12-31 14,164,810
Number of active participants 2021-12-31 89
Total funding liabilities for active participants 2021-12-31 14,168,981
Total participant count 2021-12-31 97
Total funding target for all participants 2021-12-31 15,480,330
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 6,919,264
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 6,919,264
Present value of excess contributions 2021-12-31 1,223,150
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 1,286,509
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 1,286,509
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 8,470,089
Total employer contributions 2021-12-31 2,413,895
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 2,269,756
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 1,161,725
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 1,161,725
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 1,161,725
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 2,269,756
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets 2020-12-31 22,611,170
Acturial value of plan assets 2020-12-31 22,611,170
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 313,488
Number of terminated vested participants 2020-12-31 7
Fundng target for terminated vested participants 2020-12-31 801,529
Active participant vested funding target 2020-12-31 12,608,742
Number of active participants 2020-12-31 71
Total funding liabilities for active participants 2020-12-31 12,664,280
Total participant count 2020-12-31 79
Total funding target for all participants 2020-12-31 13,779,297
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 7,416,757
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 1,139,642
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 6,277,115
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 6,919,264
Total employer contributions 2020-12-31 1,304,975
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 1,223,150
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 1,047,375
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 0
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 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 1,223,150
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets 2019-12-31 20,883,327
Acturial value of plan assets 2019-12-31 20,883,327
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 8
Fundng target for terminated vested participants 2019-12-31 1,159,150
Active participant vested funding target 2019-12-31 12,050,655
Number of active participants 2019-12-31 66
Total funding liabilities for active participants 2019-12-31 12,307,420
Total participant count 2019-12-31 74
Total funding target for all participants 2019-12-31 13,466,570
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 7,567,010
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 7,567,010
Present value of excess contributions 2019-12-31 1,560,990
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 1,648,405
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 1,648,405
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 1,687,423
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 7,416,757
Total employer contributions 2019-12-31 0
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 0
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 1,139,642
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 1,139,642
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 1,139,642
Additional cash requirement 2019-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets 2018-12-31 18,892,610
Acturial value of plan assets 2018-12-31 18,892,610
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 7
Fundng target for terminated vested participants 2018-12-31 1,331,069
Active participant vested funding target 2018-12-31 9,968,128
Number of active participants 2018-12-31 66
Total funding liabilities for active participants 2018-12-31 9,994,671
Total participant count 2018-12-31 73
Total funding target for all participants 2018-12-31 11,325,740
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 7,410,982
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 7,410,982
Present value of excess contributions 2018-12-31 460,993
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 487,961
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 487,961
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 731,525
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 7,566,870
Total employer contributions 2018-12-31 2,741,596
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 2,571,138
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 1,010,148
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 1,010,148
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 1,010,148
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 2,571,138
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 16,819,746
Acturial value of plan assets 2017-12-31 16,819,746
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 4
Fundng target for terminated vested participants 2017-12-31 440,831
Active participant vested funding target 2017-12-31 8,673,088
Number of active participants 2017-12-31 68
Total funding liabilities for active participants 2017-12-31 8,759,995
Total participant count 2017-12-31 72
Total funding target for all participants 2017-12-31 9,200,826
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 5,944,321
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 5,944,321
Present value of excess contributions 2017-12-31 1,014,906
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 1,076,714
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 1,076,714
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 7,410,982
Total employer contributions 2017-12-31 1,268,668
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 1,185,002
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 931,947
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 724,009
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 0
Additional cash requirement 2017-12-31 724,009
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 1,185,002
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 14,098,377
Acturial value of plan assets 2016-12-31 14,098,377
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 4
Fundng target for terminated vested participants 2016-12-31 328,445
Active participant vested funding target 2016-12-31 7,774,968
Number of active participants 2016-12-31 64
Total funding liabilities for active participants 2016-12-31 7,823,583
Total participant count 2016-12-31 68
Total funding target for all participants 2016-12-31 8,152,028
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 6,477,746
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 6,477,746
Present value of excess contributions 2016-12-31 98,443
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 104,625
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 104,625
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 528,576
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 5,944,321
Total employer contributions 2016-12-31 2,066,968
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 1,931,976
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 919,097
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 917,069
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 917,069
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 1,931,976
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2022: SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets	2022-12-31	27,582,311
Acturial value of plan assets	2022-12-31	27,582,311
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	257,677
Number of terminated vested participants	2022-12-31	14
Fundng target for terminated vested participants	2022-12-31	2,066,362
Active participant vested funding target	2022-12-31	15,263,722
Number of active participants	2022-12-31	66
Total funding liabilities for active participants	2022-12-31	15,288,100
Total participant count	2022-12-31	81
Total funding target for all participants	2022-12-31	17,612,139
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	8,470,089
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	8,470,089
Present value of excess contributions	2022-12-31	1,108,032
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	1,168,198
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	1,161,218
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	187,975
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	9,970,172
Total employer contributions	2022-12-31	3,200,000
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	2,984,476
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	1,191,391
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	1,191,391
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	1,191,391
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	2,984,476
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	23,840,105
Acturial value of plan assets	2021-12-31	23,840,105
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	286,473
Number of terminated vested participants	2021-12-31	7
Fundng target for terminated vested participants	2021-12-31	1,024,876
Active participant vested funding target	2021-12-31	14,164,810
Number of active participants	2021-12-31	89
Total funding liabilities for active participants	2021-12-31	14,168,981
Total participant count	2021-12-31	97
Total funding target for all participants	2021-12-31	15,480,330
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	6,919,264
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	6,919,264
Present value of excess contributions	2021-12-31	1,223,150
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	1,286,509
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	1,286,509
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	8,470,089
Total employer contributions	2021-12-31	2,413,895
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	2,269,756
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	1,161,725
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	1,161,725
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	1,161,725
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	2,269,756
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	22,611,170
Acturial value of plan assets	2020-12-31	22,611,170
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	313,488
Number of terminated vested participants	2020-12-31	7
Fundng target for terminated vested participants	2020-12-31	801,529
Active participant vested funding target	2020-12-31	12,608,742
Number of active participants	2020-12-31	71
Total funding liabilities for active participants	2020-12-31	12,664,280
Total participant count	2020-12-31	79
Total funding target for all participants	2020-12-31	13,779,297
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	7,416,757
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	1,139,642
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	6,277,115
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	6,919,264
Total employer contributions	2020-12-31	1,304,975
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	1,223,150
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	1,047,375
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	0
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	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	1,223,150
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-31	20,883,327
Acturial value of plan assets	2019-12-31	20,883,327
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	8
Fundng target for terminated vested participants	2019-12-31	1,159,150
Active participant vested funding target	2019-12-31	12,050,655
Number of active participants	2019-12-31	66
Total funding liabilities for active participants	2019-12-31	12,307,420
Total participant count	2019-12-31	74
Total funding target for all participants	2019-12-31	13,466,570
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	7,567,010
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	7,567,010
Present value of excess contributions	2019-12-31	1,560,990
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	1,648,405
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	1,648,405
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	1,687,423
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	7,416,757
Total employer contributions	2019-12-31	0
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	0
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	1,139,642
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	1,139,642
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	1,139,642
Additional cash requirement	2019-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	18,892,610
Acturial value of plan assets	2018-12-31	18,892,610
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	7
Fundng target for terminated vested participants	2018-12-31	1,331,069
Active participant vested funding target	2018-12-31	9,968,128
Number of active participants	2018-12-31	66
Total funding liabilities for active participants	2018-12-31	9,994,671
Total participant count	2018-12-31	73
Total funding target for all participants	2018-12-31	11,325,740
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	7,410,982
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	7,410,982
Present value of excess contributions	2018-12-31	460,993
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	487,961
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	487,961
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	731,525
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	7,566,870
Total employer contributions	2018-12-31	2,741,596
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	2,571,138
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	1,010,148
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	1,010,148
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	1,010,148
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	2,571,138
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	16,819,746
Acturial value of plan assets	2017-12-31	16,819,746
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	4
Fundng target for terminated vested participants	2017-12-31	440,831
Active participant vested funding target	2017-12-31	8,673,088
Number of active participants	2017-12-31	68
Total funding liabilities for active participants	2017-12-31	8,759,995
Total participant count	2017-12-31	72
Total funding target for all participants	2017-12-31	9,200,826
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	5,944,321
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	5,944,321
Present value of excess contributions	2017-12-31	1,014,906
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	1,076,714
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	1,076,714
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	7,410,982
Total employer contributions	2017-12-31	1,268,668
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	1,185,002
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	931,947
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	724,009
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	0
Additional cash requirement	2017-12-31	724,009
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	1,185,002
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: SALEM CLINIC, P.C. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	14,098,377
Acturial value of plan assets	2016-12-31	14,098,377
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	4
Fundng target for terminated vested participants	2016-12-31	328,445
Active participant vested funding target	2016-12-31	7,774,968
Number of active participants	2016-12-31	64
Total funding liabilities for active participants	2016-12-31	7,823,583
Total participant count	2016-12-31	68
Total funding target for all participants	2016-12-31	8,152,028
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	6,477,746
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	6,477,746
Present value of excess contributions	2016-12-31	98,443
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	104,625
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	104,625
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	528,576
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	5,944,321
Total employer contributions	2016-12-31	2,066,968
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	1,931,976
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	919,097
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	917,069
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	917,069
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	1,931,976
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	SALEM CLINIC, P.C.
Employer identification number (EIN):	930791519
NAIC Classification:	622000
NAIC Description:	Hospitals

Jurisdiction of Incorporation:	Oregon Secretary of State Corporations Division
Incorporation Date:	1981-06-23
Company Identification Number:	15380017
Legal Registered Office Address:	2020 CAPITOL ST NE SALEM United States of America (USA) 97301