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PRESTIGE ELECTRICAL CONTRACTING CORP DEFINED BENEFIT PLAN 401k Plan overview

Plan NamePRESTIGE ELECTRICAL CONTRACTING CORP DEFINED BENEFIT PLAN
Plan identification number 001

PRESTIGE ELECTRICAL CONTRACTING CORP DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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).
  • 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

PRESTIGE ELECTRICAL CONTRACTING CORP has sponsored the creation of one or more 401k plans.

Company Name:PRESTIGE ELECTRICAL CONTRACTING CORP
Employer identification number (EIN):273178089
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRESTIGE ELECTRICAL CONTRACTING CORP DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01VLADIMIR MUKHTAROV2022-10-10 VLADIMIR MUKHTAROV2022-10-10
0012021-01-01VLADIMIR MUKHTAROV2022-06-28 VLADIMIR MUKHTAROV2022-06-28
0012020-01-01VLADIMIR MUKHTAROV2021-07-13 VLADIMIR MUKHTAROV2021-07-13
0012019-01-01VLADIMIR MUKHTAROV2020-05-04

Plan Statistics for PRESTIGE ELECTRICAL CONTRACTING CORP DEFINED BENEFIT PLAN

401k plan membership statisitcs for PRESTIGE ELECTRICAL CONTRACTING CORP DEFINED BENEFIT PLAN

Measure Date Value
2022: PRESTIGE ELECTRICAL CONTRACTING CORP DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets2022-08-29287,841
Acturial value of plan assets2022-08-29287,841
Funding target for retired participants and beneficiaries receiving payment2022-08-290
Number of terminated vested participants2022-08-290
Fundng target for terminated vested participants2022-08-290
Active participant vested funding target2022-08-290
Number of active participants2022-08-292
Total funding liabilities for active participants2022-08-29292,060
Total participant count2022-08-292
Total funding target for all participants2022-08-29292,060
Balance at beginning of prior year after applicable adjustments2022-08-290
Prefunding balance at beginning of prior year after applicable adjustments2022-08-290
Carryover balanced portion elected for use to offset prior years funding requirement2022-08-290
Prefunding balanced used to offset prior years funding requirement2022-08-290
Amount remaining of carryover balance2022-08-290
Amount remaining of prefunding balance2022-08-290
Present value of excess contributions2022-08-29105
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-08-29105
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-08-290
Reductions in caryover balances due to elections or deemed elections2022-08-290
Reductions in prefunding balances due to elections or deemed elections2022-08-290
Balance of carryovers at beginning of current year2022-08-290
Balance of prefunding at beginning of current year2022-08-290
Total employer contributions2022-08-29167
Total employee contributions2022-08-290
Contributions allocated toward unpaid minimum require contributions from prior years2022-08-290
Contributions made to avoid restrictions adjusted to valuation date2022-08-290
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-08-29163
Unpaid minimum required contributions for all prior years2022-08-290
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-08-290
Remaining amount of unpaid minimum required contributions2022-08-290
Minimum required contributions for current year target normal cost2022-08-290
Net shortfall amortization installment of oustanding balance2022-08-294,219
Waiver amortization installment2022-08-290
Total funding amount beforereflecting carryover/prefunding balances2022-08-29161
Additional cash requirement2022-08-29161
Contributions allocatedtoward minimum required contributions for current year2022-08-29163
Unpaid minimum required contributions for current year2022-08-290
Unpaid minimum required contributions for all years2022-08-290
2021: PRESTIGE ELECTRICAL CONTRACTING CORP DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets2021-12-31282,206
Acturial value of plan assets2021-12-31282,206
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-310
Number of active participants2021-12-312
Total funding liabilities for active participants2021-12-31262,376
Total participant count2021-12-312
Total funding target for all participants2021-12-31262,376
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 contributions2021-12-316,746
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-316,746
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 contributions2021-12-315,764
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 date2021-12-315,634
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 cost2021-12-3125,359
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-315,529
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-315,529
Contributions allocatedtoward minimum required contributions for current year2021-12-315,634
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: PRESTIGE ELECTRICAL CONTRACTING CORP DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-12-31245,206
Acturial value of plan assets2020-12-31245,206
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-310
Number of active participants2020-12-312
Total funding liabilities for active participants2020-12-31210,324
Total participant count2020-12-312
Total funding target for all participants2020-12-31210,324
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 contributions2020-12-3121,968
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3121,968
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 contributions2020-12-317,400
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 date2020-12-317,332
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 cost2020-12-3135,468
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31586
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31586
Contributions allocatedtoward minimum required contributions for current year2020-12-317,332
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: PRESTIGE ELECTRICAL CONTRACTING CORP DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-310
Acturial value of plan assets2019-12-310
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-310
Number of active participants2019-12-312
Total funding liabilities for active participants2019-12-310
Total participant count2019-12-312
Total funding target for all participants2019-12-310
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 contributions2019-12-31220,100
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 date2019-12-31220,132
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 cost2019-12-31198,164
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31198,164
Additional cash requirement2019-12-31198,164
Contributions allocatedtoward minimum required contributions for current year2019-12-31220,132
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310

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