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THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN 401k Plan overview

Plan NameTHE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN
Plan identification number 002

THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN Benefits

401k Plan TypeDefined 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).
  • 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

THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. has sponsored the creation of one or more 401k plans.

Company Name:THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC.
Employer identification number (EIN):203971423
NAIC Classification:531310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01FRANCIS MARTIN2016-05-04
0022014-01-01FRANCIS MARTIN2015-05-27
0022013-01-01FRANCIS MARTIN
0022012-01-01FRANCIS MARTIN
0022011-01-01FRANCIS MARTIN

Plan Statistics for THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN

401k plan membership statisitcs for THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN

Measure Date Value
2019: THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-314,358,085
Acturial value of plan assets2019-12-314,358,085
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-315
Fundng target for terminated vested participants2019-12-31150,278
Active participant vested funding target2019-12-314,478,567
Number of active participants2019-12-3130
Total funding liabilities for active participants2019-12-314,478,567
Total participant count2019-12-3135
Total funding target for all participants2019-12-314,628,845
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-31204,684
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31216,187
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 year2019-12-310
Total employer contributions2019-12-31255,372
Total employee contributions2019-12-310
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 date2019-12-31250,234
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 balance2019-12-31270,760
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3118,853
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-3118,853
Contributions allocatedtoward minimum required contributions for current year2019-12-31250,234
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-313,884,036
Acturial value of plan assets2018-12-313,884,036
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-313
Fundng target for terminated vested participants2018-12-3124,728
Active participant vested funding target2018-12-313,860,752
Number of active participants2018-12-3133
Total funding liabilities for active participants2018-12-313,860,752
Total participant count2018-12-3136
Total funding target for all participants2018-12-313,885,480
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-31224,691
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31237,858
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31710,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31702,911
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31475,677
Net shortfall amortization installment of oustanding balance2018-12-311,444
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31498,227
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31498,227
Contributions allocatedtoward minimum required contributions for current year2018-12-31702,911
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-312,932,837
Acturial value of plan assets2017-12-312,932,837
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-315
Fundng target for terminated vested participants2017-12-3138,433
Active participant vested funding target2017-12-313,177,332
Number of active participants2017-12-3134
Total funding liabilities for active participants2017-12-313,177,332
Total participant count2017-12-3139
Total funding target for all participants2017-12-313,215,765
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-3138,669
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3141,028
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 year2017-12-310
Total employer contributions2017-12-31750,000
Total employee contributions2017-12-310
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 date2017-12-31743,011
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 cost2017-12-31452,989
Net shortfall amortization installment of oustanding balance2017-12-31282,928
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31518,320
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31518,320
Contributions allocatedtoward minimum required contributions for current year2017-12-31743,011
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-312,303,419
Acturial value of plan assets2016-12-312,303,419
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-314
Fundng target for terminated vested participants2016-12-3123,934
Active participant vested funding target2016-12-312,545,576
Number of active participants2016-12-3135
Total funding liabilities for active participants2016-12-312,545,576
Total participant count2016-12-3139
Total funding target for all participants2016-12-312,569,510
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-3174,551
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3179,225
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 year2016-12-310
Total employer contributions2016-12-31525,000
Total employee contributions2016-12-310
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 date2016-12-31519,173
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 cost2016-12-31424,957
Net shortfall amortization installment of oustanding balance2016-12-31266,091
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31480,504
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31480,504
Contributions allocatedtoward minimum required contributions for current year2016-12-31519,173
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
2013: THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0147
Total number of active participants reported on line 7a of the Form 55002013-01-0132
Number of retired or separated participants receiving benefits2013-01-011
Number of other retired or separated participants entitled to future benefits2013-01-019
Total of all active and inactive participants2013-01-0142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0142
Number of participants with account balances2013-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-011
2012: THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0147
Total number of active participants reported on line 7a of the Form 55002012-01-0146
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0147
Number of participants with account balances2012-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0140
Total number of active participants reported on line 7a of the Form 55002011-01-0146
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-011
Total of all active and inactive participants2011-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN

Measure Date Value
2013 : THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN 2013 401k financial data
Total income from all sources2013-12-31$414,274
Expenses. Total of all expenses incurred2013-12-31$42,917
Benefits paid (including direct rollovers)2013-12-31$30,008
Total plan assets at end of year2013-12-31$1,393,946
Total plan assets at beginning of year2013-12-31$1,022,589
Value of fidelity bond covering the plan2013-12-31$500,000
Other income received2013-12-31$60,386
Net income (gross income less expenses)2013-12-31$371,357
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,393,946
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,022,589
Total contributions received or receivable from employer(s)2013-12-31$353,888
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$12,909
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN 2012 401k financial data
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$406,478
Expenses. Total of all expenses incurred2012-12-31$8,592
Total plan assets at end of year2012-12-31$1,022,589
Total plan assets at beginning of year2012-12-31$624,703
Value of fidelity bond covering the plan2012-12-31$500,000
Other income received2012-12-31$88,596
Net income (gross income less expenses)2012-12-31$397,886
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,022,589
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$624,703
Total contributions received or receivable from employer(s)2012-12-31$317,882
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$8,592
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN 2011 401k financial data
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$306,640
Expenses. Total of all expenses incurred2011-12-31$4,125
Total plan assets at end of year2011-12-31$624,703
Total plan assets at beginning of year2011-12-31$322,188
Value of fidelity bond covering the plan2011-12-31$500,000
Total contributions received or receivable from participants2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-28,247
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$302,515
Net plan assets at end of year (total assets less liabilities)2011-12-31$624,703
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$322,188
Total contributions received or receivable from employer(s)2011-12-31$334,887
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$4,125
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$322,188
Expenses. Total of all expenses incurred2010-12-31$0
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$322,188
Total plan assets at beginning of year2010-12-31$0
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$0
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$5,313
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$322,188
Net plan assets at end of year (total assets less liabilities)2010-12-31$322,188
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$0
Total contributions received or receivable from employer(s)2010-12-31$316,875
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0

Form 5500 Responses for THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN

2013: THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: THE BLOOM ORGANIZATION OF SOUTH JERSEY LLC. CASH BALANCE PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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