Westchester Plastic Surgical Associates, P.C. - Page 10




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          two active participants.  It further reports no contributions               
          made to the Defined Benefit Plan by the employer.  In addition,             
          the Schedule B reports $257,6398 as the contribution necessary to           
          reduce the funding deficiency.                                              
               The Form 5500 for the Defined Benefit Plan for the plan year           
          ended October 31, 1991, reports total plan assets of $179,628 at            
          the beginning of the plan year and $171,003 in plan assets at the           
          end of the plan year.  It further reports plan income of -$8,625.           
          In addition, it reports that the plan at any time held 20 percent           
          or more of its assets in any single security, debt, mortgage,               
          parcel of real estate, or partnership/joint venture interests and           
          that the dollar amount was $124,021.                                        
               The activity in petitioner's Defined Benefit Plan Trust                
          account at the Bank of New York for account No. 015-268675 was as           
          follows:                                                                    



               8Funding standard account statement for plan year ending               
          Oct. 31, 1990:                                                              
                    Charges to funding standard account:                              
                         Prior year funding deficiency      $231,796                  
                         Employer's normal cost             554                       
                         Interest                           18,588                    
                         Addtl. interest due to late                                  
                    contributions                            6,701                    
                              Total charges                  257,639                  
                    Credits to funding standard account     -0-                       
                              Funding deficiency            257,639                   





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