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SPRING CITY ELECTRICAL MANUFACTURING COMPANY DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameSPRING CITY ELECTRICAL MANUFACTURING COMPANY DEFINED BENEFIT PENSION PLAN
Plan identification number 002

SPRING CITY ELECTRICAL MANUFACTURING COMPANY 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).

401k Sponsoring company profile

SPRING CITY ELECTRICAL MANUFACTURING CO. has sponsored the creation of one or more 401k plans.

Company Name:SPRING CITY ELECTRICAL MANUFACTURING CO.
Employer identification number (EIN):232482511
NAIC Classification:335900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SPRING CITY ELECTRICAL MANUFACTURING COMPANY DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01THOMAS HARRIS2024-10-14
0022022-01-01THOMAS HARRIS2023-10-12
0022021-01-01THOMAS HARRIS2023-07-25
0022020-01-01TOM HARRIS2021-10-14
0022019-01-01TOM HARRIS2020-10-14
0022018-01-01TOM HARRIS2019-10-14
0022017-01-01TOM HARRIS2018-10-12
0022016-01-01TOM HARRIS2017-10-13
0022015-01-01TOM HARRIS2016-10-05
0022014-01-01TOM HARRIS2015-10-14
0022014-01-01TOM HARRIS2015-10-12
0022013-01-01TOM HARRIS2014-10-15
0022012-01-01TOM HARRIS2014-10-15
0022011-01-01TOM HARRIS2012-10-11
0022010-01-01TOM HARRIS2011-10-06

Plan Statistics for SPRING CITY ELECTRICAL MANUFACTURING COMPANY DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for SPRING CITY ELECTRICAL MANUFACTURING COMPANY DEFINED BENEFIT PENSION PLAN

Measure Date Value
2022: SPRING CITY ELECTRICAL MANUFACTURING COMPANY DEFINED BENEFIT PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-315,642,196
Acturial value of plan assets2022-12-315,642,196
Funding target for retired participants and beneficiaries receiving payment2022-12-311,778,565
Number of terminated vested participants2022-12-3117
Fundng target for terminated vested participants2022-12-31276,571
Active participant vested funding target2022-12-312,008,672
Number of active participants2022-12-3127
Total funding liabilities for active participants2022-12-312,023,664
Total participant count2022-12-3147
Total funding target for all participants2022-12-314,078,800
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31109,390
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: SPRING CITY ELECTRICAL MANUFACTURING COMPANY DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-315,089,505
Acturial value of plan assets2021-12-315,089,505
Funding target for retired participants and beneficiaries receiving payment2021-12-311,779,399
Number of terminated vested participants2021-12-3119
Fundng target for terminated vested participants2021-12-311,053,257
Active participant vested funding target2021-12-311,361,760
Number of active participants2021-12-313
Total funding liabilities for active participants2021-12-311,361,760
Total participant count2021-12-3151
Total funding target for all participants2021-12-314,194,416
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-31400,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31374,149
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31129,128
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31374,149
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: SPRING CITY ELECTRICAL MANUFACTURING COMPANY DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-314,746,124
Acturial value of plan assets2020-12-314,746,124
Funding target for retired participants and beneficiaries receiving payment2020-12-31386,487
Number of terminated vested participants2020-12-3118
Fundng target for terminated vested participants2020-12-31996,458
Active participant vested funding target2020-12-312,604,130
Number of active participants2020-12-3131
Total funding liabilities for active participants2020-12-312,618,170
Total participant count2020-12-3151
Total funding target for all participants2020-12-314,001,115
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-31352,219
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31371,978
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-310
Total employee contributions2020-12-310
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
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 cost2020-12-31107,069
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: SPRING CITY ELECTRICAL MANUFACTURING COMPANY DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-313,607,191
Acturial value of plan assets2019-12-313,607,191
Funding target for retired participants and beneficiaries receiving payment2019-12-31280,674
Number of terminated vested participants2019-12-3116
Fundng target for terminated vested participants2019-12-31873,566
Active participant vested funding target2019-12-312,391,366
Number of active participants2019-12-3129
Total funding liabilities for active participants2019-12-312,407,124
Total participant count2019-12-3146
Total funding target for all participants2019-12-313,561,364
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 contributions2019-12-310
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 year2019-12-310
Total employer contributions2019-12-31400,000
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 date2019-12-31373,673
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 cost2019-12-3167,281
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3121,454
Additional cash requirement2019-12-3121,454
Contributions allocatedtoward minimum required contributions for current year2019-12-31373,673
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: SPRING CITY ELECTRICAL MANUFACTURING COMPANY DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-314,111,987
Acturial value of plan assets2018-12-314,111,987
Funding target for retired participants and beneficiaries receiving payment2018-12-31291,779
Number of terminated vested participants2018-12-3121
Fundng target for terminated vested participants2018-12-311,213,153
Active participant vested funding target2018-12-312,129,738
Number of active participants2018-12-3124
Total funding liabilities for active participants2018-12-312,141,085
Total participant count2018-12-3146
Total funding target for all participants2018-12-313,646,017
Balance at beginning of prior year after applicable adjustments2018-12-31521,525
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 balance2018-12-31521,525
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
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 elections2018-12-31583,169
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 contributions2018-12-310
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 date2018-12-310
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 cost2018-12-3186,082
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: SPRING CITY ELECTRICAL MANUFACTURING COMPANY DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-313,584,027
Acturial value of plan assets2017-12-313,584,027
Funding target for retired participants and beneficiaries receiving payment2017-12-31286,878
Number of terminated vested participants2017-12-3120
Fundng target for terminated vested participants2017-12-311,039,228
Active participant vested funding target2017-12-311,857,017
Number of active participants2017-12-3126
Total funding liabilities for active participants2017-12-311,870,842
Total participant count2017-12-3147
Total funding target for all participants2017-12-313,196,948
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31521,525
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 balance2017-12-31521,525
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 prefunding balances due to elections or deemed elections2017-12-31583,169
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-310
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 date2017-12-310
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 cost2017-12-3196,703
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
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: SPRING CITY ELECTRICAL MANUFACTURING COMPANY DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-313,240,288
Acturial value of plan assets2016-12-313,416,617
Funding target for retired participants and beneficiaries receiving payment2016-12-311,913,641
Number of terminated vested participants2016-12-3118
Fundng target for terminated vested participants2016-12-31590,470
Active participant vested funding target2016-12-31293,313
Number of active participants2016-12-3128
Total funding liabilities for active participants2016-12-31293,313
Total participant count2016-12-3147
Total funding target for all participants2016-12-312,797,424
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31235,437
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 balance2016-12-31235,437
Present value of excess contributions2016-12-31273,548
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31291,056
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31291,056
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 year2016-12-31521,525
Total employer contributions2016-12-310
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 date2016-12-310
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 cost2016-12-3169,760
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
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

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