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COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameCOMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN
Plan identification number 002

COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION 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).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 has sponsored the creation of one or more 401k plans.

Company Name:COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037
Employer identification number (EIN):222386252
NAIC Classification:813930
NAIC Description:Labor Unions and Similar Labor Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-10-01LEA CHILELLI2024-07-12
0022021-10-01MAURO CAMPOREALE2023-06-22 MAURO CAMPOREALE2023-06-22
0022020-10-01MAURO CAMPOREALE2022-10-28 MAURO CAMPOREALE2022-10-28
0022019-10-01MAURO CAMPOREALE2021-07-16 MAURO CAMPOREALE2021-07-16
0022018-10-01KAREN CUNNINGHAM2020-07-15 KAREN CUNNINGHAM2020-07-15
0022017-10-01KAREN CUNNINGHAM2019-07-12 KAREN CUNNINGHAM2019-07-12
0022016-10-01KAREN CUNNINGHAM2018-07-13 KAREN CUNNINGHAM2018-07-13
0022015-10-01KAREN CUNNINGHAM2017-07-17 KAREN CUNNINGHAM2017-07-17
0022014-10-01KAREN CUNNINGHAM2017-07-17 KAREN CUNNINGHAM2017-07-17
0022014-10-01KAREN CUNNINGHAM2016-07-15 KAREN CUNNINGHAM2016-07-15
0022013-10-01KENNETH MCNAMARA2015-07-14 KENNETH MCNAMARA2015-07-14
0022012-10-01KENNETH MCNAMARA2014-07-14 KENNETH MCNAMARA2014-07-14
0022011-10-01KENNETH MCNAMARA2013-07-12 KENNETH MCNAMARA2013-07-12
0022010-10-01KENNETH MCNAMARA2012-07-13
0022009-01-01KENNETH MCNAMARA
0022009-01-01KENNETH MCNAMARA
0022009-01-01KENNETH MCNAMARA

Plan Statistics for COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN

Measure Date Value
2023: COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN 2023 401k membership
Market value of plan assets2023-09-304,005,750
Acturial value of plan assets2023-09-304,005,750
Funding target for retired participants and beneficiaries receiving payment2023-09-301,228,701
Number of terminated vested participants2023-09-307
Fundng target for terminated vested participants2023-09-30155,851
Active participant vested funding target2023-09-301,352,794
Number of active participants2023-09-3010
Total funding liabilities for active participants2023-09-301,391,146
Total participant count2023-09-3020
Total funding target for all participants2023-09-302,775,698
Balance at beginning of prior year after applicable adjustments2023-09-300
Prefunding balance at beginning of prior year after applicable adjustments2023-09-302,535,921
Prefunding balanced used to offset prior years funding requirement2023-09-3083,902
Amount remaining of carryover balance2023-09-300
Amount remaining of prefunding balance2023-09-302,452,019
Present value of excess contributions2023-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-09-300
Reductions in caryover balances due to elections or deemed elections2023-09-300
Reductions in prefunding balances due to elections or deemed elections2023-09-300
Balance of carryovers at beginning of current year2023-09-300
Balance of prefunding at beginning of current year2023-09-302,056,018
Total employer contributions2023-09-3091,000
Total employee contributions2023-09-3048,125
Contributions allocated toward unpaid minimum require contributions from prior years2023-09-300
Contributions made to avoid restrictions adjusted to valuation date2023-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-09-3088,104
Unpaid minimum required contributions for all prior years2023-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-09-300
Remaining amount of unpaid minimum required contributions2023-09-300
Minimum required contributions for current year target normal cost2023-09-30137,316
Net shortfall amortization installment of oustanding balance2023-09-30825,966
Waiver amortization installment2023-09-300
Total funding amount beforereflecting carryover/prefunding balances2023-09-30215,324
Carryover balance elected to use to offset funding requirement2023-09-300
Prefunding balance elected to use to offset funding requirement2023-09-30127,220
Additional cash requirement2023-09-3088,104
Contributions allocatedtoward minimum required contributions for current year2023-09-3088,104
Unpaid minimum required contributions for current year2023-09-300
Unpaid minimum required contributions for all years2023-09-300
2022: COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN 2022 401k membership
Market value of plan assets2022-09-304,747,000
Acturial value of plan assets2022-09-304,747,000
Funding target for retired participants and beneficiaries receiving payment2022-09-301,243,887
Number of terminated vested participants2022-09-307
Fundng target for terminated vested participants2022-09-30139,878
Active participant vested funding target2022-09-301,194,354
Number of active participants2022-09-307
Total funding liabilities for active participants2022-09-301,222,483
Total participant count2022-09-3017
Total funding target for all participants2022-09-302,606,248
Balance at beginning of prior year after applicable adjustments2022-09-300
Prefunding balance at beginning of prior year after applicable adjustments2022-09-302,177,092
Amount remaining of carryover balance2022-09-300
Amount remaining of prefunding balance2022-09-302,177,092
Present value of excess contributions2022-09-3017,740
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-09-3018,767
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-09-3018,767
Balance of carryovers at beginning of current year2022-09-300
Balance of prefunding at beginning of current year2022-09-302,535,921
Total employer contributions2022-09-3091,000
Total employee contributions2022-09-3045,272
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-09-3088,391
Remaining amount of unpaid minimum required contributions2022-09-300
Minimum required contributions for current year target normal cost2022-09-30135,447
Net shortfall amortization installment of oustanding balance2022-09-30395,169
Total funding amount beforereflecting carryover/prefunding balances2022-09-30172,293
Prefunding balance elected to use to offset funding requirement2022-09-3083,902
Additional cash requirement2022-09-3088,391
Contributions allocatedtoward minimum required contributions for current year2022-09-3088,391
Unpaid minimum required contributions for current year2022-09-300
Unpaid minimum required contributions for all years2022-09-300
2021: COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets2021-09-304,853,167
Acturial value of plan assets2021-09-304,853,167
Funding target for retired participants and beneficiaries receiving payment2021-09-301,263,528
Number of terminated vested participants2021-09-304
Fundng target for terminated vested participants2021-09-3015,890
Active participant vested funding target2021-09-301,707,231
Number of active participants2021-09-3011
Total funding liabilities for active participants2021-09-301,670,422
Total participant count2021-09-3018
Total funding target for all participants2021-09-302,949,840
Balance at beginning of prior year after applicable adjustments2021-09-300
Prefunding balance at beginning of prior year after applicable adjustments2021-09-302,062,070
Amount remaining of carryover balance2021-09-300
Amount remaining of prefunding balance2021-09-302,062,070
Present value of excess contributions2021-09-3024,760
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-09-3026,147
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-09-3026,147
Balance of carryovers at beginning of current year2021-09-300
Balance of prefunding at beginning of current year2021-09-302,177,092
Total employer contributions2021-09-3098,600
Total employee contributions2021-09-3046,652
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-09-3095,980
Liquidity shortfalls end of Q12021-09-300
Liquidity shortfalls end of Q22021-09-300
Liquidity shortfalls end of Q32021-09-300
Liquidity shortfalls end of Q42021-09-300
Remaining amount of unpaid minimum required contributions2021-09-300
Minimum required contributions for current year target normal cost2021-09-3078,240
Total funding amount beforereflecting carryover/prefunding balances2021-09-3078,240
Additional cash requirement2021-09-3078,240
Contributions allocatedtoward minimum required contributions for current year2021-09-3095,980
Unpaid minimum required contributions for current year2021-09-300
Unpaid minimum required contributions for all years2021-09-300
2020: COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-09-304,620,435
Acturial value of plan assets2020-09-304,620,435
Funding target for retired participants and beneficiaries receiving payment2020-09-301,320,164
Number of terminated vested participants2020-09-304
Fundng target for terminated vested participants2020-09-3015,445
Active participant vested funding target2020-09-301,456,188
Number of active participants2020-09-3011
Total funding liabilities for active participants2020-09-301,484,316
Total participant count2020-09-3018
Total funding target for all participants2020-09-302,819,925
Prefunding balance at beginning of prior year after applicable adjustments2020-09-301,979,305
Amount remaining of carryover balance2020-09-300
Amount remaining of prefunding balance2020-09-301,979,305
Present value of excess contributions2020-09-3046,660
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-09-3049,315
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-09-3049,315
Balance of carryovers at beginning of current year2020-09-300
Balance of prefunding at beginning of current year2020-09-302,062,070
Total employer contributions2020-09-3096,819
Total employee contributions2020-09-3042,101
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-09-3094,320
Liquidity shortfalls end of Q12020-09-300
Liquidity shortfalls end of Q22020-09-300
Liquidity shortfalls end of Q32020-09-300
Liquidity shortfalls end of Q42020-09-300
Remaining amount of unpaid minimum required contributions2020-09-300
Minimum required contributions for current year target normal cost2020-09-3069,560
Total funding amount beforereflecting carryover/prefunding balances2020-09-3069,560
Additional cash requirement2020-09-3069,560
Contributions allocatedtoward minimum required contributions for current year2020-09-3094,320
Unpaid minimum required contributions for current year2020-09-300
Unpaid minimum required contributions for all years2020-09-300
2019: COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-09-304,501,360
Acturial value of plan assets2019-09-304,501,360
Funding target for retired participants and beneficiaries receiving payment2019-09-301,370,198
Number of terminated vested participants2019-09-304
Fundng target for terminated vested participants2019-09-3013,888
Active participant vested funding target2019-09-301,289,271
Number of active participants2019-09-309
Total funding liabilities for active participants2019-09-301,413,167
Total participant count2019-09-3016
Total funding target for all participants2019-09-302,797,253
Balance at beginning of prior year after applicable adjustments2019-09-300
Prefunding balance at beginning of prior year after applicable adjustments2019-09-301,711,774
Amount remaining of carryover balance2019-09-300
Amount remaining of prefunding balance2019-09-301,711,774
Present value of excess contributions2019-09-30159,930
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-09-30169,446
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-09-30169,446
Balance of carryovers at beginning of current year2019-09-300
Balance of prefunding at beginning of current year2019-09-301,979,305
Total employer contributions2019-09-30108,482
Total employee contributions2019-09-3044,796
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-09-30105,565
Remaining amount of unpaid minimum required contributions2019-09-300
Minimum required contributions for current year target normal cost2019-09-3058,905
Total funding amount beforereflecting carryover/prefunding balances2019-09-3058,905
Additional cash requirement2019-09-3058,905
Contributions allocatedtoward minimum required contributions for current year2019-09-30105,565
Unpaid minimum required contributions for current year2019-09-300
Unpaid minimum required contributions for all years2019-09-300
2018: COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-09-304,148,360
Acturial value of plan assets2018-09-304,148,360
Funding target for retired participants and beneficiaries receiving payment2018-09-301,334,447
Number of terminated vested participants2018-09-304
Fundng target for terminated vested participants2018-09-3012,052
Active participant vested funding target2018-09-301,099,076
Number of active participants2018-09-308
Total funding liabilities for active participants2018-09-301,106,296
Total participant count2018-09-3015
Total funding target for all participants2018-09-302,452,795
Balance at beginning of prior year after applicable adjustments2018-09-300
Prefunding balance at beginning of prior year after applicable adjustments2018-09-301,361,480
Amount remaining of carryover balance2018-09-300
Amount remaining of prefunding balance2018-09-301,361,480
Present value of excess contributions2018-09-30218,177
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-09-30231,573
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-09-30231,573
Balance of carryovers at beginning of current year2018-09-300
Balance of prefunding at beginning of current year2018-09-301,711,774
Total employer contributions2018-09-30184,608
Total employee contributions2018-09-3038,086
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-09-30179,095
Remaining amount of unpaid minimum required contributions2018-09-300
Minimum required contributions for current year target normal cost2018-09-3019,165
Total funding amount beforereflecting carryover/prefunding balances2018-09-3019,165
Additional cash requirement2018-09-3019,165
Contributions allocatedtoward minimum required contributions for current year2018-09-30179,095
Unpaid minimum required contributions for current year2018-09-300
Unpaid minimum required contributions for all years2018-09-300
2017: COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-09-303,731,062
Acturial value of plan assets2017-09-303,731,062
Funding target for retired participants and beneficiaries receiving payment2017-09-301,338,175
Number of terminated vested participants2017-09-304
Fundng target for terminated vested participants2017-09-3059,770
Active participant vested funding target2017-09-30925,000
Number of active participants2017-09-309
Total funding liabilities for active participants2017-09-30951,734
Total participant count2017-09-3016
Total funding target for all participants2017-09-302,349,679
Balance at beginning of prior year after applicable adjustments2017-09-300
Prefunding balance at beginning of prior year after applicable adjustments2017-09-301,005,729
Amount remaining of carryover balance2017-09-300
Amount remaining of prefunding balance2017-09-301,005,729
Present value of excess contributions2017-09-30250,675
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-09-30266,543
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-09-30266,543
Reductions in prefunding balances due to elections or deemed elections2017-09-300
Balance of carryovers at beginning of current year2017-09-300
Balance of prefunding at beginning of current year2017-09-301,361,480
Total employer contributions2017-09-30249,990
Total employee contributions2017-09-3038,389
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-09-30242,140
Remaining amount of unpaid minimum required contributions2017-09-300
Minimum required contributions for current year target normal cost2017-09-3043,866
Total funding amount beforereflecting carryover/prefunding balances2017-09-3023,963
Additional cash requirement2017-09-3023,963
Contributions allocatedtoward minimum required contributions for current year2017-09-30242,140
Unpaid minimum required contributions for current year2017-09-300
Unpaid minimum required contributions for all years2017-09-300
2009: COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0128
Total number of active participants reported on line 7a of the Form 55002009-01-0117
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0112
Total of all active and inactive participants2009-01-0129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0129
Number of participants with account balances2009-01-0125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN

Measure Date Value
2009 : COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN

2009: COMMUNICATIONS WORKERS OF AMERICA LOCAL 1037 DEFINED BENEFIT PENSION PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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