401k Plan data: CONSTRUCTION RESOURCES, INC. CASH BALANCE PLAN plan

CONSTRUCTION RESOURCES, INC. CASH BALANCE PLAN 401k Plan overview

Plan Name	CONSTRUCTION RESOURCES, INC. CASH BALANCE PLAN
Plan identification number	002

CONSTRUCTION RESOURCES, INC. CASH BALANCE PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

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).
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
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.

401k Sponsoring company profile

CONSTRUCTION RESOURCES, INC. has sponsored the creation of one or more 401k plans.

Company Name: CONSTRUCTION RESOURCES, INC.

Employer identification number (EIN): 061174353

NAIC Classification: 236200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CONSTRUCTION RESOURCES, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2020-01-01 JOHN A GAGLIARDI 2020-10-16 JOHN GAGLIARDI 2020-10-16
002 2019-01-01 JOHN A GAGLIARDI 2020-09-04 JOHN A GAGLIARDI 2020-09-04
002 2018-01-01 JOHN A GAGLIARDI 2019-07-30 JOHN GAGLIARDI 2019-07-30
002 2017-01-01 JOHN A GAGLIARDI 2018-09-27 JOHN GAGLIARDI 2018-09-27
002 2016-01-01 JOHN A GAGLIARDI 2017-10-05
002 2015-01-01 JOHN A GAGLIARDI 2016-09-06 JOHN A GAGLIARDI 2016-09-06
002 2014-01-01 JOHN A GAGLIARDI 2015-10-05
002 2013-01-01 JOHN A GAGLIARDI 2014-09-02
002 2012-01-01 JOHN A GAGLIARDI 2013-10-09 JOHN A GAGLIARDI 2013-10-09
002 2011-01-01 JOHN A GAGLIARDI 2012-10-10 JOHN A GAGLIARDI 2012-10-10
002 2010-01-01 JOHN A GAGLIARDI 2011-10-27 JOHN A GAGLIARDI 2011-10-27

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2020-01-01	JOHN A GAGLIARDI	2020-10-16	JOHN GAGLIARDI	2020-10-16
002	2019-01-01	JOHN A GAGLIARDI	2020-09-04	JOHN A GAGLIARDI	2020-09-04
002	2018-01-01	JOHN A GAGLIARDI	2019-07-30	JOHN GAGLIARDI	2019-07-30
002	2017-01-01	JOHN A GAGLIARDI	2018-09-27	JOHN GAGLIARDI	2018-09-27
002	2016-01-01	JOHN A GAGLIARDI	2017-10-05
002	2015-01-01	JOHN A GAGLIARDI	2016-09-06	JOHN A GAGLIARDI	2016-09-06
002	2014-01-01	JOHN A GAGLIARDI	2015-10-05
002	2013-01-01	JOHN A GAGLIARDI	2014-09-02
002	2012-01-01	JOHN A GAGLIARDI	2013-10-09	JOHN A GAGLIARDI	2013-10-09
002	2011-01-01	JOHN A GAGLIARDI	2012-10-10	JOHN A GAGLIARDI	2012-10-10
002	2010-01-01	JOHN A GAGLIARDI	2011-10-27	JOHN A GAGLIARDI	2011-10-27

Plan Statistics for CONSTRUCTION RESOURCES, INC. CASH BALANCE PLAN

401k plan membership statisitcs for CONSTRUCTION RESOURCES, INC. CASH BALANCE PLAN

Measure Date Value
2019: CONSTRUCTION RESOURCES, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets 2019-12-31 4,109,102
Acturial value of plan assets 2019-12-31 4,109,102
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 11
Fundng target for terminated vested participants 2019-12-31 186,355
Active participant vested funding target 2019-12-31 3,013,298
Number of active participants 2019-12-31 12
Total funding liabilities for active participants 2019-12-31 3,013,298
Total participant count 2019-12-31 23
Total funding target for all participants 2019-12-31 3,199,653
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 988,885
Prefunding balanced used to offset prior years funding requirement 2019-12-31 193,278
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 795,607
Present value of excess contributions 2019-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 757,259
Total employer contributions 2019-12-31 0
Total employee contributions 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 275,093
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 159,933
Prefunding balance elected to use to offset funding requirement 2019-12-31 159,933
Additional cash requirement 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: CONSTRUCTION RESOURCES, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets 2018-12-31 3,680,036
Acturial value of plan assets 2018-12-31 3,680,036
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 100,669
Number of terminated vested participants 2018-12-31 8
Fundng target for terminated vested participants 2018-12-31 108,659
Active participant vested funding target 2018-12-31 2,776,881
Number of active participants 2018-12-31 15
Total funding liabilities for active participants 2018-12-31 2,776,881
Total participant count 2018-12-31 26
Total funding target for all participants 2018-12-31 2,986,209
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 861,023
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 861,023
Present value of excess contributions 2018-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 988,885
Total employer contributions 2018-12-31 0
Total employee contributions 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 146,750
Net shortfall amortization installment of oustanding balance 2018-12-31 345,986
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 203,232
Prefunding balance elected to use to offset funding requirement 2018-12-31 203,232
Additional cash requirement 2018-12-31 0
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: CONSTRUCTION RESOURCES, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets 2017-12-31 3,905,780
Acturial value of plan assets 2017-12-31 3,905,780
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 6
Fundng target for terminated vested participants 2017-12-31 66,014
Active participant vested funding target 2017-12-31 2,616,109
Number of active participants 2017-12-31 20
Total funding liabilities for active participants 2017-12-31 2,616,109
Total participant count 2017-12-31 26
Total funding target for all participants 2017-12-31 2,682,123
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 452,458
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 452,458
Present value of excess contributions 2017-12-31 383,092
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 383,092
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 383,092
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 861,023
Total employer contributions 2017-12-31 0
Total employee contributions 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 157,225
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 0
Additional cash requirement 2017-12-31 0
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: CONSTRUCTION RESOURCES, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets 2016-12-31 3,225,382
Acturial value of plan assets 2016-12-31 3,225,382
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 6
Fundng target for terminated vested participants 2016-12-31 32,627
Active participant vested funding target 2016-12-31 1,720,408
Number of active participants 2016-12-31 17
Total funding liabilities for active participants 2016-12-31 1,720,408
Total participant count 2016-12-31 23
Total funding target for all participants 2016-12-31 1,753,035
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 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 452,458
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 452,458
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 452,458
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 452,458
Total employer contributions 2016-12-31 982,552
Total employee contributions 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 1,001,524
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 793,759
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 618,432
Additional cash requirement 2016-12-31 618,432
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 1,001,524
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
2019: CONSTRUCTION RESOURCES, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets	2019-12-31	4,109,102
Acturial value of plan assets	2019-12-31	4,109,102
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	11
Fundng target for terminated vested participants	2019-12-31	186,355
Active participant vested funding target	2019-12-31	3,013,298
Number of active participants	2019-12-31	12
Total funding liabilities for active participants	2019-12-31	3,013,298
Total participant count	2019-12-31	23
Total funding target for all participants	2019-12-31	3,199,653
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	988,885
Prefunding balanced used to offset prior years funding requirement	2019-12-31	193,278
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	795,607
Present value of excess contributions	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	757,259
Total employer contributions	2019-12-31	0
Total employee contributions	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	275,093
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	159,933
Prefunding balance elected to use to offset funding requirement	2019-12-31	159,933
Additional cash requirement	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: CONSTRUCTION RESOURCES, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets	2018-12-31	3,680,036
Acturial value of plan assets	2018-12-31	3,680,036
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	100,669
Number of terminated vested participants	2018-12-31	8
Fundng target for terminated vested participants	2018-12-31	108,659
Active participant vested funding target	2018-12-31	2,776,881
Number of active participants	2018-12-31	15
Total funding liabilities for active participants	2018-12-31	2,776,881
Total participant count	2018-12-31	26
Total funding target for all participants	2018-12-31	2,986,209
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	861,023
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	861,023
Present value of excess contributions	2018-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	988,885
Total employer contributions	2018-12-31	0
Total employee contributions	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	146,750
Net shortfall amortization installment of oustanding balance	2018-12-31	345,986
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	203,232
Prefunding balance elected to use to offset funding requirement	2018-12-31	203,232
Additional cash requirement	2018-12-31	0
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: CONSTRUCTION RESOURCES, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets	2017-12-31	3,905,780
Acturial value of plan assets	2017-12-31	3,905,780
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	6
Fundng target for terminated vested participants	2017-12-31	66,014
Active participant vested funding target	2017-12-31	2,616,109
Number of active participants	2017-12-31	20
Total funding liabilities for active participants	2017-12-31	2,616,109
Total participant count	2017-12-31	26
Total funding target for all participants	2017-12-31	2,682,123
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	452,458
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	452,458
Present value of excess contributions	2017-12-31	383,092
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	383,092
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	383,092
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	861,023
Total employer contributions	2017-12-31	0
Total employee contributions	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	157,225
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	0
Additional cash requirement	2017-12-31	0
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: CONSTRUCTION RESOURCES, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	3,225,382
Acturial value of plan assets	2016-12-31	3,225,382
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	6
Fundng target for terminated vested participants	2016-12-31	32,627
Active participant vested funding target	2016-12-31	1,720,408
Number of active participants	2016-12-31	17
Total funding liabilities for active participants	2016-12-31	1,720,408
Total participant count	2016-12-31	23
Total funding target for all participants	2016-12-31	1,753,035
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	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	452,458
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	452,458
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	452,458
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	452,458
Total employer contributions	2016-12-31	982,552
Total employee contributions	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	1,001,524
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	793,759
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	618,432
Additional cash requirement	2016-12-31	618,432
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	1,001,524
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	CONSTRUCTION RESOURCES, INC.
Employer identification number (EIN):	061174353
NAIC Classification:	236200