401k Plan data: THE 2MARKET GROUP, INC. CASH BALANCE PLAN plan

THE 2MARKET GROUP, INC. CASH BALANCE PLAN 401k Plan overview

Plan Name	THE 2MARKET GROUP, INC. CASH BALANCE PLAN
Plan identification number	002

THE 2MARKET GROUP, INC. CASH BALANCE PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
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.
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).
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

THE 2MARKET GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name: THE 2MARKET GROUP, INC.

Employer identification number (EIN): 203185151

NAIC Classification: 423800

Additional information about THE 2MARKET GROUP, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division

Incorporation Date: 2005-07-01

Company Identification Number: 1553276

Legal Registered Office Address: 2829 BIG SUR DR.
-
LEWIS CENTER
United States of America (USA)
43035

More information about THE 2MARKET GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE 2MARKET GROUP, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2017-01-01 DONALD J. HAGAN 2017-08-03
002 2016-01-01 DONALD J. HAGAN 2017-07-10
002 2015-01-01 DONALD J. HAGAN 2016-09-30
002 2014-01-01 DONALD J. HAGAN 2015-10-05
002 2013-01-01 DONALD J. HAGAN 2014-10-03
002 2012-01-01 DONALD J. HAGAN 2013-10-10
002 2011-01-01 DONALD J. HAGAN 2012-09-18

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2017-01-01	DONALD J. HAGAN	2017-08-03
002	2016-01-01	DONALD J. HAGAN	2017-07-10
002	2015-01-01	DONALD J. HAGAN	2016-09-30
002	2014-01-01	DONALD J. HAGAN	2015-10-05
002	2013-01-01	DONALD J. HAGAN	2014-10-03
002	2012-01-01	DONALD J. HAGAN	2013-10-10
002	2011-01-01	DONALD J. HAGAN	2012-09-18

Plan Statistics for THE 2MARKET GROUP, INC. CASH BALANCE PLAN

401k plan membership statisitcs for THE 2MARKET GROUP, INC. CASH BALANCE PLAN

Measure Date Value
2016: THE 2MARKET GROUP, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets 2016-12-31 431,502
Acturial value of plan assets 2016-12-31 431,502
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 3
Fundng target for terminated vested participants 2016-12-31 9,273
Active participant vested funding target 2016-12-31 387,407
Number of active participants 2016-12-31 14
Total funding liabilities for active participants 2016-12-31 387,407
Total participant count 2016-12-31 17
Total funding target for all participants 2016-12-31 396,680
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
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 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 21,856
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 21,856
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 4,375
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 4,276
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 9,213
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Waived amount of outstanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 4,276
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
2016: THE 2MARKET GROUP, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	431,502
Acturial value of plan assets	2016-12-31	431,502
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	3
Fundng target for terminated vested participants	2016-12-31	9,273
Active participant vested funding target	2016-12-31	387,407
Number of active participants	2016-12-31	14
Total funding liabilities for active participants	2016-12-31	387,407
Total participant count	2016-12-31	17
Total funding target for all participants	2016-12-31	396,680
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
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	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	21,856
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	21,856
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	4,375
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	4,276
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	9,213
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	4,276
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	THE 2MARKET GROUP, INC.
Employer identification number (EIN):	203185151
NAIC Classification:	423800

Jurisdiction of Incorporation:	Ohio Secretary of State Business Services Division
Incorporation Date:	2005-07-01
Company Identification Number:	1553276
Legal Registered Office Address:	2829 BIG SUR DR. - LEWIS CENTER United States of America (USA) 43035