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SOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN 401k Plan overview

Plan NameSOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN
Plan identification number 001

SOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined 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).

401k Sponsoring company profile

SOUTH STREET INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:SOUTH STREET INDUSTRIES, INC.
Employer identification number (EIN):133924009
NAIC Classification:424300

Additional information about SOUTH STREET INDUSTRIES, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1996-06-06
Company Identification Number: 2036647
Legal Registered Office Address: 750 LEXINGTON AVE
New York
NEW YORK
United States of America (USA)
10022

More information about SOUTH STREET INDUSTRIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01
0012019-01-01
0012019-01-01
0012017-01-01CHARLES KRAIEM2018-09-26 CHARLES KRAIEM2018-09-26
0012016-01-01CHARLES KRAIEM2017-10-09 CHARLES KRAIEM2017-10-09
0012015-01-01CHARLES KRAIEM2016-10-05 CHARLES KRAIEM2016-10-05
0012014-01-01CHARLES KRAIEM2015-10-14 CHARLES KRAIEM2015-10-14
0012013-01-01CHARLES KRAIEM2014-08-28 CHARLES KRAIEM2014-08-28
0012012-01-01CHARLES KRAIEM2013-10-02 CHARLES KRAIEM2013-10-02
0012011-01-01CHARLES KRAIEM2012-07-05 CHARLES KRAIEM2012-07-05
0012010-01-01CHARLES KRAIEM2011-09-22 CHARLES KRAIEM2011-09-22

Plan Statistics for SOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN

401k plan membership statisitcs for SOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN

Measure Date Value
2020: SOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-12-31750,757
Acturial value of plan assets2020-12-31750,757
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-314
Fundng target for terminated vested participants2020-12-31119,913
Active participant vested funding target2020-12-31820,515
Number of active participants2020-12-312
Total funding liabilities for active participants2020-12-31820,515
Total participant count2020-12-316
Total funding target for all participants2020-12-31940,428
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-315,061
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-315,061
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-3144
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3144
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3144
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-3144
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-31189,671
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3117,808
Additional cash requirement2020-12-3117,808
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-3117,808
Unpaid minimum required contributions for all years2020-12-3117,808
Total participants, beginning-of-year2020-01-016
Total number of active participants reported on line 7a of the Form 55002020-01-012
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-014
Total of all active and inactive participants2020-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: SOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-31705,799
Acturial value of plan assets2019-12-31705,799
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-314
Fundng target for terminated vested participants2019-12-31117,654
Active participant vested funding target2019-12-31809,348
Number of active participants2019-12-312
Total funding liabilities for active participants2019-12-31809,348
Total participant count2019-12-316
Total funding target for all participants2019-12-31927,002
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-316,868
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-311,119
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-315,749
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-315,061
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-310
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-31226,573
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3136,957
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-315,370
Additional cash requirement2019-12-3131,587
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-3131,587
Unpaid minimum required contributions for all years2019-12-3131,587
Total employer contributions2019-12-3133,550
Total employee contributions2019-12-310
Total participants, beginning-of-year2019-01-016
Total number of active participants reported on line 7a of the Form 55002019-01-012
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-014
Total of all active and inactive participants2019-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2017: SOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-31939,901
Acturial value of plan assets2017-12-31939,901
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-313
Fundng target for terminated vested participants2017-12-3150,917
Active participant vested funding target2017-12-31862,458
Number of active participants2017-12-313
Total funding liabilities for active participants2017-12-31862,458
Total participant count2017-12-316
Total funding target for all participants2017-12-31913,375
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3135,898
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-3128,601
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-317,297
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-315,998
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-310
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: SOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-31836,875
Acturial value of plan assets2016-12-31836,875
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-312
Fundng target for terminated vested participants2016-12-3141,790
Active participant vested funding target2016-12-31934,679
Number of active participants2016-12-314
Total funding liabilities for active participants2016-12-31937,636
Total participant count2016-12-316
Total funding target for all participants2016-12-31979,426
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3150,270
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-317,488
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3142,782
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-3135,898
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31625
Net shortfall amortization installment of oustanding balance2016-12-31180,836
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3130,503
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-3130,503
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

Financial Data on SOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN

Measure Date Value
2020 : SOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$12,176
Expenses. Total of all expenses incurred2020-12-31$768
Benefits paid (including direct rollovers)2020-12-31$0
Total plan assets at end of year2020-12-31$750,757
Total plan assets at beginning of year2020-12-31$739,349
Value of fidelity bond covering the plan2020-12-31$200,000
Total contributions received or receivable from participants2020-12-31$0
Assets. Value of loans (other than to participants)2020-12-31$30,000
Expenses. Other expenses not covered elsewhere2020-12-31$768
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$12,176
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$11,408
Net plan assets at end of year (total assets less liabilities)2020-12-31$750,757
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$739,349
Assets. Value of assets in partnership/joint-venture interests2020-12-31$219,585
Total contributions received or receivable from employer(s)2020-12-31$0
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : SOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$-125,922
Expenses. Total of all expenses incurred2019-12-31$0
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$705,799
Total plan assets at beginning of year2019-12-31$831,721
Value of fidelity bond covering the plan2019-12-31$200,000
Total contributions received or receivable from participants2019-12-31$0
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$-125,922
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$-125,922
Net plan assets at end of year (total assets less liabilities)2019-12-31$705,799
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$831,721
Assets. Value of assets in partnership/joint-venture interests2019-12-31$219,585
Total contributions received or receivable from employer(s)2019-12-31$0
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0

Form 5500 Responses for SOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN

2020: SOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SOUTH STREET INDUSTRIES, INC. DEFINED BENEFIT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planYes
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

AMERICAN EQUITY INVESTMENT LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61689 )
Policy contract numberBL06090850
Policy instance 1
Insurance contract or identification numberBL06090850
Number of Individuals Covered1
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
AMERICAN EQUITY INVESTMENT LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61689 )
Policy contract numberBL06090850
Policy instance 1
Insurance contract or identification numberBL06090850
Number of Individuals Covered1
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0

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