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ADVANCED COMPOSITE PRODUCTS & TECHNOLOGY, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameADVANCED COMPOSITE PRODUCTS & TECHNOLOGY, INC. CASH BALANCE PLAN
Plan identification number 002

ADVANCED COMPOSITE PRODUCTS & TECHNOLOGY, INC. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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).
  • 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

ADVANCED COMPOSITE PRODUCTS & TECHNOLOGY, INC. has sponsored the creation of one or more 401k plans.

Company Name:ADVANCED COMPOSITE PRODUCTS & TECHNOLOGY, INC.
Employer identification number (EIN):330012614
NAIC Classification:326100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ADVANCED COMPOSITE PRODUCTS & TECHNOLOGY, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-07-01
0022019-07-01THEADA BURGESS2021-04-14
0022018-07-01THEADA BURGESS2020-04-15
0022017-07-01THEADA BURGESS2019-04-15
0022016-07-01THEADA BURGESS2018-04-16
0022015-07-01THEADA BURGESS2017-04-10

Plan Statistics for ADVANCED COMPOSITE PRODUCTS & TECHNOLOGY, INC. CASH BALANCE PLAN

401k plan membership statisitcs for ADVANCED COMPOSITE PRODUCTS & TECHNOLOGY, INC. CASH BALANCE PLAN

Measure Date Value
2021: ADVANCED COMPOSITE PRODUCTS & TECHNOLOGY, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-06-281,968,215
Acturial value of plan assets2021-06-281,968,215
Funding target for retired participants and beneficiaries receiving payment2021-06-280
Number of terminated vested participants2021-06-2817
Fundng target for terminated vested participants2021-06-28116,085
Active participant vested funding target2021-06-281,619,098
Number of active participants2021-06-2842
Total funding liabilities for active participants2021-06-281,619,098
Total participant count2021-06-2859
Total funding target for all participants2021-06-281,735,183
Balance at beginning of prior year after applicable adjustments2021-06-280
Prefunding balance at beginning of prior year after applicable adjustments2021-06-280
Carryover balanced portion elected for use to offset prior years funding requirement2021-06-280
Prefunding balanced used to offset prior years funding requirement2021-06-280
Amount remaining of carryover balance2021-06-280
Amount remaining of prefunding balance2021-06-280
Present value of excess contributions2021-06-28755
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-06-28755
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-06-280
Reductions in caryover balances due to elections or deemed elections2021-06-280
Reductions in prefunding balances due to elections or deemed elections2021-06-280
Balance of carryovers at beginning of current year2021-06-280
Balance of prefunding at beginning of current year2021-06-280
Total employer contributions2021-06-280
Total employee contributions2021-06-280
Contributions allocated toward unpaid minimum require contributions from prior years2021-06-280
Contributions made to avoid restrictions adjusted to valuation date2021-06-280
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-06-280
Unpaid minimum required contributions for all prior years2021-06-280
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-06-280
Remaining amount of unpaid minimum required contributions2021-06-280
Minimum required contributions for current year target normal cost2021-06-280
Net shortfall amortization installment of oustanding balance2021-06-280
Total funding amount beforereflecting carryover/prefunding balances2021-06-280
Carryover balance elected to use to offset funding requirement2021-06-280
Prefunding balance elected to use to offset funding requirement2021-06-280
Additional cash requirement2021-06-280
Contributions allocatedtoward minimum required contributions for current year2021-06-280
Unpaid minimum required contributions for current year2021-06-280
Unpaid minimum required contributions for all years2021-06-280
2020: ADVANCED COMPOSITE PRODUCTS & TECHNOLOGY, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-06-301,468,555
Acturial value of plan assets2020-06-301,468,555
Funding target for retired participants and beneficiaries receiving payment2020-06-300
Number of terminated vested participants2020-06-3016
Fundng target for terminated vested participants2020-06-30120,003
Active participant vested funding target2020-06-301,227,370
Number of active participants2020-06-3042
Total funding liabilities for active participants2020-06-301,229,193
Total participant count2020-06-3058
Total funding target for all participants2020-06-301,349,196
Balance at beginning of prior year after applicable adjustments2020-06-300
Prefunding balance at beginning of prior year after applicable adjustments2020-06-300
Carryover balanced portion elected for use to offset prior years funding requirement2020-06-300
Prefunding balanced used to offset prior years funding requirement2020-06-300
Amount remaining of carryover balance2020-06-300
Amount remaining of prefunding balance2020-06-300
Present value of excess contributions2020-06-30287
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-06-30287
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-06-300
Reductions in caryover balances due to elections or deemed elections2020-06-300
Reductions in prefunding balances due to elections or deemed elections2020-06-300
Balance of carryovers at beginning of current year2020-06-300
Balance of prefunding at beginning of current year2020-06-300
Total employer contributions2020-06-30269,985
Total employee contributions2020-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-06-300
Contributions made to avoid restrictions adjusted to valuation date2020-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-06-30257,339
Unpaid minimum required contributions for all prior years2020-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-06-300
Remaining amount of unpaid minimum required contributions2020-06-300
Minimum required contributions for current year target normal cost2020-06-30375,941
Net shortfall amortization installment of oustanding balance2020-06-300
Total funding amount beforereflecting carryover/prefunding balances2020-06-30256,584
Carryover balance elected to use to offset funding requirement2020-06-300
Prefunding balance elected to use to offset funding requirement2020-06-300
Additional cash requirement2020-06-30256,584
Contributions allocatedtoward minimum required contributions for current year2020-06-30257,339
Unpaid minimum required contributions for current year2020-06-300
Unpaid minimum required contributions for all years2020-06-300
2019: ADVANCED COMPOSITE PRODUCTS & TECHNOLOGY, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-06-30997,661
Acturial value of plan assets2019-06-30997,661
Funding target for retired participants and beneficiaries receiving payment2019-06-300
Number of terminated vested participants2019-06-3015
Fundng target for terminated vested participants2019-06-30102,864
Active participant vested funding target2019-06-30899,370
Number of active participants2019-06-3032
Total funding liabilities for active participants2019-06-30902,749
Total participant count2019-06-3047
Total funding target for all participants2019-06-301,005,613
Balance at beginning of prior year after applicable adjustments2019-06-300
Prefunding balance at beginning of prior year after applicable adjustments2019-06-300
Carryover balanced portion elected for use to offset prior years funding requirement2019-06-300
Prefunding balanced used to offset prior years funding requirement2019-06-300
Amount remaining of carryover balance2019-06-300
Amount remaining of prefunding balance2019-06-300
Present value of excess contributions2019-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-06-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-06-300
Reductions in caryover balances due to elections or deemed elections2019-06-300
Reductions in prefunding balances due to elections or deemed elections2019-06-300
Balance of carryovers at beginning of current year2019-06-300
Balance of prefunding at beginning of current year2019-06-300
Total employer contributions2019-06-30322,543
Total employee contributions2019-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-06-300
Contributions made to avoid restrictions adjusted to valuation date2019-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-06-30299,572
Unpaid minimum required contributions for all prior years2019-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-06-300
Remaining amount of unpaid minimum required contributions2019-06-300
Minimum required contributions for current year target normal cost2019-06-30297,740
Net shortfall amortization installment of oustanding balance2019-06-307,952
Total funding amount beforereflecting carryover/prefunding balances2019-06-30299,285
Carryover balance elected to use to offset funding requirement2019-06-300
Prefunding balance elected to use to offset funding requirement2019-06-300
Additional cash requirement2019-06-30299,285
Contributions allocatedtoward minimum required contributions for current year2019-06-30299,572
Unpaid minimum required contributions for current year2019-06-300
Unpaid minimum required contributions for all years2019-06-300
2018: ADVANCED COMPOSITE PRODUCTS & TECHNOLOGY, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-06-30635,978
Acturial value of plan assets2018-06-30635,978
Funding target for retired participants and beneficiaries receiving payment2018-06-300
Number of terminated vested participants2018-06-305
Fundng target for terminated vested participants2018-06-309,887
Active participant vested funding target2018-06-30635,532
Number of active participants2018-06-3041
Total funding liabilities for active participants2018-06-30638,800
Total participant count2018-06-3046
Total funding target for all participants2018-06-30648,687
Balance at beginning of prior year after applicable adjustments2018-06-300
Prefunding balance at beginning of prior year after applicable adjustments2018-06-300
Carryover balanced portion elected for use to offset prior years funding requirement2018-06-300
Prefunding balanced used to offset prior years funding requirement2018-06-300
Amount remaining of carryover balance2018-06-300
Amount remaining of prefunding balance2018-06-300
Present value of excess contributions2018-06-30825
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-06-30825
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-06-300
Reductions in caryover balances due to elections or deemed elections2018-06-300
Reductions in prefunding balances due to elections or deemed elections2018-06-300
Balance of carryovers at beginning of current year2018-06-300
Balance of prefunding at beginning of current year2018-06-300
Total employer contributions2018-06-30324,448
Total employee contributions2018-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-06-300
Contributions made to avoid restrictions adjusted to valuation date2018-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-06-30313,440
Unpaid minimum required contributions for all prior years2018-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-06-300
Remaining amount of unpaid minimum required contributions2018-06-300
Minimum required contributions for current year target normal cost2018-06-30311,353
Net shortfall amortization installment of oustanding balance2018-06-3012,709
Total funding amount beforereflecting carryover/prefunding balances2018-06-30313,440
Carryover balance elected to use to offset funding requirement2018-06-300
Prefunding balance elected to use to offset funding requirement2018-06-300
Additional cash requirement2018-06-30313,440
Contributions allocatedtoward minimum required contributions for current year2018-06-30313,440
Unpaid minimum required contributions for current year2018-06-300
Unpaid minimum required contributions for all years2018-06-300
2017: ADVANCED COMPOSITE PRODUCTS & TECHNOLOGY, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-06-30310,388
Acturial value of plan assets2017-06-30310,388
Funding target for retired participants and beneficiaries receiving payment2017-06-300
Number of terminated vested participants2017-06-300
Fundng target for terminated vested participants2017-06-300
Active participant vested funding target2017-06-300
Number of active participants2017-06-3040
Total funding liabilities for active participants2017-06-30308,948
Total participant count2017-06-3040
Total funding target for all participants2017-06-30308,948
Balance at beginning of prior year after applicable adjustments2017-06-300
Prefunding balance at beginning of prior year after applicable adjustments2017-06-300
Carryover balanced portion elected for use to offset prior years funding requirement2017-06-300
Prefunding balanced used to offset prior years funding requirement2017-06-300
Amount remaining of carryover balance2017-06-300
Amount remaining of prefunding balance2017-06-300
Present value of excess contributions2017-06-3011,700
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-06-3011,700
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-06-300
Reductions in caryover balances due to elections or deemed elections2017-06-300
Reductions in prefunding balances due to elections or deemed elections2017-06-300
Balance of carryovers at beginning of current year2017-06-300
Balance of prefunding at beginning of current year2017-06-300
Total employer contributions2017-06-30312,978
Total employee contributions2017-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-06-300
Contributions made to avoid restrictions adjusted to valuation date2017-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-06-30302,333
Unpaid minimum required contributions for all prior years2017-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-06-300
Remaining amount of unpaid minimum required contributions2017-06-300
Minimum required contributions for current year target normal cost2017-06-30302,952
Net shortfall amortization installment of oustanding balance2017-06-300
Waiver amortization installment2017-06-300
Total funding amount beforereflecting carryover/prefunding balances2017-06-30301,508
Additional cash requirement2017-06-30301,508
Contributions allocatedtoward minimum required contributions for current year2017-06-30302,333
Unpaid minimum required contributions for current year2017-06-300
Unpaid minimum required contributions for all years2017-06-300

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