Civic Intelligence

Silverman Financial Inc.

Plan context: Silverman Financial Inc. Cash Balance Plan

EIN 65-0092995 • Miami, FL • 21 filings • 2 plans

9100 S. Dadeland Blvd.Suite 1603Miami, FL 33156
Current Snapshot

Latest Year

2021

2021 Participants

6

2021 Assets

$3,185,834

2021 Contributions

$116,535

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$3,712,734$1,856,367$0201120162020YearValue
$3,185,834Latest year 2020

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

630201120162020YearValue
6Latest year 2020

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202110$0$116,535-
Silverman Financial Inc. Cash Balance Plan-0$0$116,535-
202026$3,185,834$369,817$61,636iApproximate average salary by contribution assumption: employee only about $1,540,904 at 4% or $1,027,269 at 6%; with 50% employer match about $1,027,269 at 4% or $684,846 at 6%; with 100% employer match about $770,452 at 4% or $513,635 at 6%.
Silverman Financial Inc. Cash Balance Plan-6$3,185,834$302,074$50,346iApproximate average salary by contribution assumption: employee only about $1,258,642 at 4% or $839,094 at 6%; with 50% employer match about $839,094 at 4% or $559,396 at 6%; with 100% employer match about $629,321 at 4% or $419,547 at 6%.
Silverman Financial Inc. 401(K) Plan-0-$67,743-
201925$3,712,734$312,053$62,411iApproximate average salary by contribution assumption: employee only about $1,560,265 at 4% or $1,040,177 at 6%; with 50% employer match about $1,040,177 at 4% or $693,451 at 6%; with 100% employer match about $780,133 at 4% or $520,088 at 6%.
Silverman Financial Inc. Cash Balance Plan-5$2,763,348$250,000$50,000iApproximate average salary by contribution assumption: employee only about $1,250,000 at 4% or $833,333 at 6%; with 50% employer match about $833,333 at 4% or $555,556 at 6%; with 100% employer match about $625,000 at 4% or $416,667 at 6%.
Silverman Financial Inc. 401(K) Plan-5$949,386$62,053$12,411iApproximate average salary by contribution assumption: employee only about $310,265 at 4% or $206,843 at 6%; with 50% employer match about $206,843 at 4% or $137,896 at 6%; with 100% employer match about $155,133 at 4% or $103,422 at 6%.
201826$2,824,689$497,510$82,918iApproximate average salary by contribution assumption: employee only about $2,072,958 at 4% or $1,381,972 at 6%; with 50% employer match about $1,381,972 at 4% or $921,315 at 6%; with 100% employer match about $1,036,479 at 4% or $690,986 at 6%.
Silverman Financial Inc. Cash Balance Plan-6$2,104,895$360,000$60,000iApproximate average salary by contribution assumption: employee only about $1,500,000 at 4% or $1,000,000 at 6%; with 50% employer match about $1,000,000 at 4% or $666,667 at 6%; with 100% employer match about $750,000 at 4% or $500,000 at 6%.
Silverman Financial Inc. 401(K) Plan-6$719,794$137,510$22,918iApproximate average salary by contribution assumption: employee only about $572,958 at 4% or $381,972 at 6%; with 50% employer match about $381,972 at 4% or $254,648 at 6%; with 100% employer match about $286,479 at 4% or $190,986 at 6%.
201724$2,564,262$430,764$107,691iApproximate average salary by contribution assumption: employee only about $2,692,275 at 4% or $1,794,850 at 6%; with 50% employer match about $1,794,850 at 4% or $1,196,567 at 6%; with 100% employer match about $1,346,138 at 4% or $897,425 at 6%.
Silverman Financial Inc. Cash Balance Plan-4$1,854,732$350,000$87,500iApproximate average salary by contribution assumption: employee only about $2,187,500 at 4% or $1,458,333 at 6%; with 50% employer match about $1,458,333 at 4% or $972,222 at 6%; with 100% employer match about $1,093,750 at 4% or $729,167 at 6%.
Silverman Financial Inc. 401(K) Plan-4$709,530$80,764$20,191iApproximate average salary by contribution assumption: employee only about $504,775 at 4% or $336,517 at 6%; with 50% employer match about $336,517 at 4% or $224,344 at 6%; with 100% employer match about $252,388 at 4% or $168,258 at 6%.
201625$1,864,653$310,664$62,133iApproximate average salary by contribution assumption: employee only about $1,553,320 at 4% or $1,035,547 at 6%; with 50% employer match about $1,035,547 at 4% or $690,364 at 6%; with 100% employer match about $776,660 at 4% or $517,773 at 6%.
Silverman Financial Inc. Cash Balance Plan-5$1,345,743$231,000$46,200iApproximate average salary by contribution assumption: employee only about $1,155,000 at 4% or $770,000 at 6%; with 50% employer match about $770,000 at 4% or $513,333 at 6%; with 100% employer match about $577,500 at 4% or $385,000 at 6%.
Silverman Financial Inc. 401(K) Plan-5$518,910$79,664$15,933iApproximate average salary by contribution assumption: employee only about $398,320 at 4% or $265,547 at 6%; with 50% employer match about $265,547 at 4% or $177,031 at 6%; with 100% employer match about $199,160 at 4% or $132,773 at 6%.
201526$1,491,162$463,673$77,279iApproximate average salary by contribution assumption: employee only about $1,931,971 at 4% or $1,287,981 at 6%; with 50% employer match about $1,287,981 at 4% or $858,654 at 6%; with 100% employer match about $965,985 at 4% or $643,990 at 6%.
Silverman Financial Inc. Cash Balance Plan-6$1,023,083$370,241$61,707iApproximate average salary by contribution assumption: employee only about $1,542,671 at 4% or $1,028,447 at 6%; with 50% employer match about $1,028,447 at 4% or $685,631 at 6%; with 100% employer match about $771,335 at 4% or $514,224 at 6%.
Silverman Financial Inc. 401(K) Plan-6$468,079$93,432$15,572iApproximate average salary by contribution assumption: employee only about $389,300 at 4% or $259,533 at 6%; with 50% employer match about $259,533 at 4% or $173,022 at 6%; with 100% employer match about $194,650 at 4% or $129,767 at 6%.
201426$1,047,677$250,951$41,825iApproximate average salary by contribution assumption: employee only about $1,045,629 at 4% or $697,086 at 6%; with 50% employer match about $697,086 at 4% or $464,724 at 6%; with 100% employer match about $522,815 at 4% or $348,543 at 6%.
Silverman Financial Inc. Cash Balance Plan-6$665,164$163,549$27,258iApproximate average salary by contribution assumption: employee only about $681,454 at 4% or $454,303 at 6%; with 50% employer match about $454,303 at 4% or $302,869 at 6%; with 100% employer match about $340,727 at 4% or $227,151 at 6%.
Silverman Financial Inc. 401(K) Plan-6$382,513$87,402$14,567iApproximate average salary by contribution assumption: employee only about $364,175 at 4% or $242,783 at 6%; with 50% employer match about $242,783 at 4% or $161,856 at 6%; with 100% employer match about $182,088 at 4% or $121,392 at 6%.
201325$783,378$241,803$48,361iApproximate average salary by contribution assumption: employee only about $1,209,015 at 4% or $806,010 at 6%; with 50% employer match about $806,010 at 4% or $537,340 at 6%; with 100% employer match about $604,508 at 4% or $403,005 at 6%.
Silverman Financial Inc. Cash Balance Plan-5$504,470$161,000$32,200iApproximate average salary by contribution assumption: employee only about $805,000 at 4% or $536,667 at 6%; with 50% employer match about $536,667 at 4% or $357,778 at 6%; with 100% employer match about $402,500 at 4% or $268,333 at 6%.
Silverman Financial Inc. 401(K) Plan-5$278,908$80,803$16,161iApproximate average salary by contribution assumption: employee only about $404,015 at 4% or $269,343 at 6%; with 50% employer match about $269,343 at 4% or $179,562 at 6%; with 100% employer match about $202,008 at 4% or $134,672 at 6%.
201225$471,776$265,853$53,171iApproximate average salary by contribution assumption: employee only about $1,329,265 at 4% or $886,177 at 6%; with 50% employer match about $886,177 at 4% or $590,784 at 6%; with 100% employer match about $664,633 at 4% or $443,088 at 6%.
Silverman Financial Inc. Cash Balance Plan-5$314,650$189,000$37,800iApproximate average salary by contribution assumption: employee only about $945,000 at 4% or $630,000 at 6%; with 50% employer match about $630,000 at 4% or $420,000 at 6%; with 100% employer match about $472,500 at 4% or $315,000 at 6%.
Silverman Financial Inc. 401(K) Plan-5$157,126$76,853$15,371iApproximate average salary by contribution assumption: employee only about $384,265 at 4% or $256,177 at 6%; with 50% employer match about $256,177 at 4% or $170,784 at 6%; with 100% employer match about $192,133 at 4% or $128,088 at 6%.
201125$187,279$208,801$41,760iApproximate average salary by contribution assumption: employee only about $1,044,005 at 4% or $696,003 at 6%; with 50% employer match about $696,003 at 4% or $464,002 at 6%; with 100% employer match about $522,002 at 4% or $348,002 at 6%.
Silverman Financial Inc. Cash Balance Plan-5$114,957$132,713$26,543iApproximate average salary by contribution assumption: employee only about $663,565 at 4% or $442,377 at 6%; with 50% employer match about $442,377 at 4% or $294,918 at 6%; with 100% employer match about $331,783 at 4% or $221,188 at 6%.
Silverman Financial Inc. 401(K) Plan-5$72,322$76,088$15,218iApproximate average salary by contribution assumption: employee only about $380,440 at 4% or $253,627 at 6%; with 50% employer match about $253,627 at 4% or $169,084 at 6%; with 100% employer match about $190,220 at 4% or $126,813 at 6%.