401k Plan data: PAUL M. PHIPPS INSURANCE AGENCY, INC. PENSION PLAN AND TRUST plan

PAUL M. PHIPPS INSURANCE AGENCY, INC. PENSION PLAN AND TRUST 401k Plan overview

Plan Name	PAUL M. PHIPPS INSURANCE AGENCY, INC. PENSION PLAN AND TRUST
Plan identification number	001

PAUL M. PHIPPS INSURANCE AGENCY, INC. PENSION PLAN AND TRUST Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
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

PAUL M. PHIPPS INSURANCE AGENCY, INC. has sponsored the creation of one or more 401k plans.

Company Name: PAUL M. PHIPPS INSURANCE AGENCY, INC.

Employer identification number (EIN): 042531989

NAIC Classification: 524210
NAIC Description: Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PAUL M. PHIPPS INSURANCE AGENCY, INC. PENSION PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-06-01 ROBERT A. PHIPPS 2018-06-21
001 2016-06-01 ROBERT A. PHIPPS 2017-09-07
001 2015-06-01 ROBERT A. PHIPPS 2016-12-06
001 2014-06-01 ROBERT A. PHIPPS 2015-10-30
001 2013-06-01 ROBERT A. PHIPPS 2014-10-21
001 2012-06-01 ROBERT A. PHIPPS 2013-08-22
001 2011-06-01 ROBERT A. PHIPPS 2012-08-31 ROBERT A. PHIPPS 2012-08-31
001 2010-06-01 ROBERT A. PHIPPS 2011-09-19

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2017-06-01	ROBERT A. PHIPPS	2018-06-21
001	2016-06-01	ROBERT A. PHIPPS	2017-09-07
001	2015-06-01	ROBERT A. PHIPPS	2016-12-06
001	2014-06-01	ROBERT A. PHIPPS	2015-10-30
001	2013-06-01	ROBERT A. PHIPPS	2014-10-21
001	2012-06-01	ROBERT A. PHIPPS	2013-08-22
001	2011-06-01	ROBERT A. PHIPPS	2012-08-31	ROBERT A. PHIPPS	2012-08-31
001	2010-06-01	ROBERT A. PHIPPS	2011-09-19

Plan Statistics for PAUL M. PHIPPS INSURANCE AGENCY, INC. PENSION PLAN AND TRUST

401k plan membership statisitcs for PAUL M. PHIPPS INSURANCE AGENCY, INC. PENSION PLAN AND TRUST

Measure Date Value
2018: PAUL M. PHIPPS INSURANCE AGENCY, INC. PENSION PLAN AND TRUST 2018 401k membership
Market value of plan assets 2018-05-31 1,006,122
Acturial value of plan assets 2018-05-31 1,006,122
Funding target for retired participants and beneficiaries receiving payment 2018-05-31 70,268
Number of terminated vested participants 2018-05-31 0
Fundng target for terminated vested participants 2018-05-31 0
Active participant vested funding target 2018-05-31 900,917
Number of active participants 2018-05-31 6
Total funding liabilities for active participants 2018-05-31 900,917
Total participant count 2018-05-31 7
Total funding target for all participants 2018-05-31 971,185
Balance at beginning of prior year after applicable adjustments 2018-05-31 18,697
Prefunding balance at beginning of prior year after applicable adjustments 2018-05-31 17,342
Carryover balanced portion elected for use to offset prior years funding requirement 2018-05-31 0
Prefunding balanced used to offset prior years funding requirement 2018-05-31 0
Amount remaining of carryover balance 2018-05-31 18,697
Amount remaining of prefunding balance 2018-05-31 17,342
Present value of excess contributions 2018-05-31 37,927
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-05-31 40,241
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-05-31 0
Reductions in caryover balances due to elections or deemed elections 2018-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-05-31 0
Balance of carryovers at beginning of current year 2018-05-31 20,537
Balance of prefunding at beginning of current year 2018-05-31 19,048
Total employer contributions 2018-05-31 164,424
Total employee contributions 2018-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-05-31 160,207
Unpaid minimum required contributions for all prior years 2018-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-05-31 0
Remaining amount of unpaid minimum required contributions 2018-05-31 0
Minimum required contributions for current year target normal cost 2018-05-31 0
Net shortfall amortization installment of oustanding balance 2018-05-31 47,500
Total funding amount beforereflecting carryover/prefunding balances 2018-05-31 8,840
Additional cash requirement 2018-05-31 8,840
Contributions allocatedtoward minimum required contributions for current year 2018-05-31 160,207
Unpaid minimum required contributions for current year 2018-05-31 0
Unpaid minimum required contributions for all years 2018-05-31 0
2017: PAUL M. PHIPPS INSURANCE AGENCY, INC. PENSION PLAN AND TRUST 2017 401k membership
Market value of plan assets 2017-05-31 876,766
Acturial value of plan assets 2017-05-31 876,766
Funding target for retired participants and beneficiaries receiving payment 2017-05-31 0
Number of terminated vested participants 2017-05-31 0
Fundng target for terminated vested participants 2017-05-31 0
Active participant vested funding target 2017-05-31 894,229
Number of active participants 2017-05-31 7
Total funding liabilities for active participants 2017-05-31 894,229
Total participant count 2017-05-31 7
Total funding target for all participants 2017-05-31 894,229
Balance at beginning of prior year after applicable adjustments 2017-05-31 19,405
Prefunding balance at beginning of prior year after applicable adjustments 2017-05-31 17,999
Carryover balanced portion elected for use to offset prior years funding requirement 2017-05-31 0
Prefunding balanced used to offset prior years funding requirement 2017-05-31 0
Amount remaining of carryover balance 2017-05-31 19,405
Amount remaining of prefunding balance 2017-05-31 17,999
Present value of excess contributions 2017-05-31 24,136
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-05-31 25,659
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-05-31 0
Reductions in caryover balances due to elections or deemed elections 2017-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-05-31 0
Balance of carryovers at beginning of current year 2017-05-31 18,697
Balance of prefunding at beginning of current year 2017-05-31 17,342
Total employer contributions 2017-05-31 50,000
Total employee contributions 2017-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-05-31 46,767
Unpaid minimum required contributions for all prior years 2017-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-05-31 0
Remaining amount of unpaid minimum required contributions 2017-05-31 0
Minimum required contributions for current year target normal cost 2017-05-31 0
Net shortfall amortization installment of oustanding balance 2017-05-31 53,502
Total funding amount beforereflecting carryover/prefunding balances 2017-05-31 8,840
Additional cash requirement 2017-05-31 8,840
Contributions allocatedtoward minimum required contributions for current year 2017-05-31 46,767
Unpaid minimum required contributions for current year 2017-05-31 0
Unpaid minimum required contributions for all years 2017-05-31 0

Measure	Date	Value
2018: PAUL M. PHIPPS INSURANCE AGENCY, INC. PENSION PLAN AND TRUST 2018 401k membership
Market value of plan assets	2018-05-31	1,006,122
Acturial value of plan assets	2018-05-31	1,006,122
Funding target for retired participants and beneficiaries receiving payment	2018-05-31	70,268
Number of terminated vested participants	2018-05-31	0
Fundng target for terminated vested participants	2018-05-31	0
Active participant vested funding target	2018-05-31	900,917
Number of active participants	2018-05-31	6
Total funding liabilities for active participants	2018-05-31	900,917
Total participant count	2018-05-31	7
Total funding target for all participants	2018-05-31	971,185
Balance at beginning of prior year after applicable adjustments	2018-05-31	18,697
Prefunding balance at beginning of prior year after applicable adjustments	2018-05-31	17,342
Carryover balanced portion elected for use to offset prior years funding requirement	2018-05-31	0
Prefunding balanced used to offset prior years funding requirement	2018-05-31	0
Amount remaining of carryover balance	2018-05-31	18,697
Amount remaining of prefunding balance	2018-05-31	17,342
Present value of excess contributions	2018-05-31	37,927
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-05-31	40,241
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-05-31	0
Reductions in caryover balances due to elections or deemed elections	2018-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-05-31	0
Balance of carryovers at beginning of current year	2018-05-31	20,537
Balance of prefunding at beginning of current year	2018-05-31	19,048
Total employer contributions	2018-05-31	164,424
Total employee contributions	2018-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-05-31	160,207
Unpaid minimum required contributions for all prior years	2018-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-05-31	0
Remaining amount of unpaid minimum required contributions	2018-05-31	0
Minimum required contributions for current year target normal cost	2018-05-31	0
Net shortfall amortization installment of oustanding balance	2018-05-31	47,500
Total funding amount beforereflecting carryover/prefunding balances	2018-05-31	8,840
Additional cash requirement	2018-05-31	8,840
Contributions allocatedtoward minimum required contributions for current year	2018-05-31	160,207
Unpaid minimum required contributions for current year	2018-05-31	0
Unpaid minimum required contributions for all years	2018-05-31	0
2017: PAUL M. PHIPPS INSURANCE AGENCY, INC. PENSION PLAN AND TRUST 2017 401k membership
Market value of plan assets	2017-05-31	876,766
Acturial value of plan assets	2017-05-31	876,766
Funding target for retired participants and beneficiaries receiving payment	2017-05-31	0
Number of terminated vested participants	2017-05-31	0
Fundng target for terminated vested participants	2017-05-31	0
Active participant vested funding target	2017-05-31	894,229
Number of active participants	2017-05-31	7
Total funding liabilities for active participants	2017-05-31	894,229
Total participant count	2017-05-31	7
Total funding target for all participants	2017-05-31	894,229
Balance at beginning of prior year after applicable adjustments	2017-05-31	19,405
Prefunding balance at beginning of prior year after applicable adjustments	2017-05-31	17,999
Carryover balanced portion elected for use to offset prior years funding requirement	2017-05-31	0
Prefunding balanced used to offset prior years funding requirement	2017-05-31	0
Amount remaining of carryover balance	2017-05-31	19,405
Amount remaining of prefunding balance	2017-05-31	17,999
Present value of excess contributions	2017-05-31	24,136
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-05-31	25,659
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-05-31	0
Reductions in caryover balances due to elections or deemed elections	2017-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-05-31	0
Balance of carryovers at beginning of current year	2017-05-31	18,697
Balance of prefunding at beginning of current year	2017-05-31	17,342
Total employer contributions	2017-05-31	50,000
Total employee contributions	2017-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-05-31	46,767
Unpaid minimum required contributions for all prior years	2017-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-05-31	0
Remaining amount of unpaid minimum required contributions	2017-05-31	0
Minimum required contributions for current year target normal cost	2017-05-31	0
Net shortfall amortization installment of oustanding balance	2017-05-31	53,502
Total funding amount beforereflecting carryover/prefunding balances	2017-05-31	8,840
Additional cash requirement	2017-05-31	8,840
Contributions allocatedtoward minimum required contributions for current year	2017-05-31	46,767
Unpaid minimum required contributions for current year	2017-05-31	0
Unpaid minimum required contributions for all years	2017-05-31	0

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Company Name:	PAUL M. PHIPPS INSURANCE AGENCY, INC.
Employer identification number (EIN):	042531989
NAIC Classification:	524210
NAIC Description:	Insurance Agencies and Brokerages