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ROUSSOS CONSTRUCTION, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameROUSSOS CONSTRUCTION, INC. CASH BALANCE PLAN
Plan identification number 002

ROUSSOS CONSTRUCTION, INC. 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).

401k Sponsoring company profile

ROUSSOS CONSTRUCTION, INC. has sponsored the creation of one or more 401k plans.

Company Name:ROUSSOS CONSTRUCTION, INC.
Employer identification number (EIN):260816831
NAIC Classification:238300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ROUSSOS CONSTRUCTION, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01ARTEMIOS ROUSSOS2023-09-25
0022021-01-01ARTEMIOS ROUSSOS2022-10-17
0022020-01-01ARTEMIOS ROUSSOS2021-10-14
0022019-01-01ARTEMIOS ROUSSOS2020-10-15
0022018-01-01ARTEMIOS ROUSSOS2019-10-08
0022017-01-01ARTEMIOS ROUSSOS2018-10-15
0022016-01-01ARTEMIOS ROUSSOS2017-09-19
0022015-01-01ARTEMIOS ROUSSOS2016-10-10
0022014-01-01ARTEMIOS ROUSSOS2015-10-12

Plan Statistics for ROUSSOS CONSTRUCTION, INC. CASH BALANCE PLAN

401k plan membership statisitcs for ROUSSOS CONSTRUCTION, INC. CASH BALANCE PLAN

Measure Date Value
2022: ROUSSOS CONSTRUCTION, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-311,616,817
Acturial value of plan assets2022-12-311,616,817
Funding target for retired participants and beneficiaries receiving payment2022-12-3111,909
Number of terminated vested participants2022-12-3111
Fundng target for terminated vested participants2022-12-3122,995
Active participant vested funding target2022-12-311,877,491
Number of active participants2022-12-3113
Total funding liabilities for active participants2022-12-311,877,491
Total participant count2022-12-3125
Total funding target for all participants2022-12-311,912,395
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3154,130
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 balance2022-12-3154,130
Present value of excess contributions2022-12-3115,491
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3115,491
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-3115,491
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 year2022-12-3172,566
Total employer contributions2022-12-31171,249
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 date2022-12-31164,955
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 cost2022-12-31206,896
Net shortfall amortization installment of oustanding balance2022-12-31372,396
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31241,310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-3176,355
Additional cash requirement2022-12-31164,955
Contributions allocatedtoward minimum required contributions for current year2022-12-31164,955
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: ROUSSOS CONSTRUCTION, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-311,710,335
Acturial value of plan assets2021-12-311,710,335
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-317
Fundng target for terminated vested participants2021-12-3114,471
Active participant vested funding target2021-12-311,600,729
Number of active participants2021-12-3120
Total funding liabilities for active participants2021-12-311,600,729
Total participant count2021-12-3127
Total funding target for all participants2021-12-311,615,200
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3153,524
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-313,430
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-3150,094
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
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 year2021-12-3154,132
Total employer contributions2021-12-31187,900
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 date2021-12-31183,126
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 cost2021-12-31205,836
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31167,635
Additional cash requirement2021-12-31167,635
Contributions allocatedtoward minimum required contributions for current year2021-12-31183,126
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: ROUSSOS CONSTRUCTION, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,469,434
Acturial value of plan assets2020-12-311,469,434
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-315
Fundng target for terminated vested participants2020-12-315,621
Active participant vested funding target2020-12-311,359,685
Number of active participants2020-12-3117
Total funding liabilities for active participants2020-12-311,359,685
Total participant count2020-12-3122
Total funding target for all participants2020-12-311,365,306
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-3153,524
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3153,524
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3153,524
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 year2020-12-3153,524
Total employer contributions2020-12-31157,000
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 date2020-12-31153,659
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 cost2020-12-31205,624
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31157,231
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-313,572
Additional cash requirement2020-12-31153,659
Contributions allocatedtoward minimum required contributions for current year2020-12-31153,659
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: ROUSSOS CONSTRUCTION, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,233,607
Acturial value of plan assets2019-12-311,233,607
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-315
Fundng target for terminated vested participants2019-12-314,321
Active participant vested funding target2019-12-311,101,386
Number of active participants2019-12-3114
Total funding liabilities for active participants2019-12-311,101,386
Total participant count2019-12-3119
Total funding target for all participants2019-12-311,105,707
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 contributions2019-12-31136,302
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31136,302
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 contributions2019-12-31132,600
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 date2019-12-31129,204
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 cost2019-12-31203,580
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3175,680
Additional cash requirement2019-12-3175,680
Contributions allocatedtoward minimum required contributions for current year2019-12-31129,204
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: ROUSSOS CONSTRUCTION, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31674,144
Acturial value of plan assets2018-12-31674,144
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-311,224
Active participant vested funding target2018-12-31854,522
Number of active participants2018-12-3113
Total funding liabilities for active participants2018-12-31854,522
Total participant count2018-12-3115
Total funding target for all participants2018-12-31855,746
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 contributions2018-12-310
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 elections2018-12-310
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 contributions2018-12-31439,001
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-3165,427
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31365,115
Unpaid minimum required contributions for all prior years2018-12-3165,427
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-3165,427
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31199,167
Net shortfall amortization installment of oustanding balance2018-12-31181,602
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31228,813
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31228,813
Contributions allocatedtoward minimum required contributions for current year2018-12-31365,115
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: ROUSSOS CONSTRUCTION, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31688,327
Acturial value of plan assets2017-12-31688,327
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-31903
Active participant vested funding target2017-12-31571,428
Number of active participants2017-12-3112
Total funding liabilities for active participants2017-12-31571,428
Total participant count2017-12-3114
Total funding target for all participants2017-12-31572,331
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 contributions2017-12-3198,180
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3198,180
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 contributions2017-12-31186,025
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 date2017-12-31178,915
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 cost2017-12-31181,423
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3165,427
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3165,427
Contributions allocatedtoward minimum required contributions for current year2017-12-31178,915
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: ROUSSOS CONSTRUCTION, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31430,597
Acturial value of plan assets2016-12-31430,597
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-31142
Active participant vested funding target2016-12-31361,269
Number of active participants2016-12-319
Total funding liabilities for active participants2016-12-31361,269
Total participant count2016-12-3110
Total funding target for all participants2016-12-31361,411
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 contributions2016-12-3175,379
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3175,379
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 contributions2016-12-31210,900
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 date2016-12-31202,823
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 cost2016-12-31173,829
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31104,643
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31104,643
Contributions allocatedtoward minimum required contributions for current year2016-12-31202,823
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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