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OSCAR BRUGMANN SAND & GRAVEL, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameOSCAR BRUGMANN SAND & GRAVEL, INC. CASH BALANCE PENSION PLAN
Plan identification number 003

OSCAR BRUGMANN SAND & GRAVEL, INC. CASH BALANCE PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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).
  • 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

OSCAR BRUGMANN SAND & GRAVEL, INC. has sponsored the creation of one or more 401k plans.

Company Name:OSCAR BRUGMANN SAND & GRAVEL, INC.
Employer identification number (EIN):340825515
NAIC Classification:212320
NAIC Description: Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying

Additional information about OSCAR BRUGMANN SAND & GRAVEL, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 1958-02-01
Company Identification Number: 268998
Legal Registered Office Address: 250 S WATER ST PO BOX 751
-
KENT
United States of America (USA)
44240

More information about OSCAR BRUGMANN SAND & GRAVEL, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OSCAR BRUGMANN SAND & GRAVEL, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-02-01DANIELLE TAYLOR2024-10-21 DANIELLE TAYLOR2024-10-21
0032022-02-01DANIELLE TAYLOR2023-10-20 DANIELLE TAYLOR2023-10-20
0032021-02-01DANIELLE TAYLOR2022-11-08 DANIELLE TAYLOR2022-11-08
0032020-02-01DANIELLE TAYLOR2021-08-17 DANIELLE TAYLOR2021-08-17
0032019-02-01DANIELLE TAYLOR2020-11-05 DANIELLE TAYLOR2020-11-05
0032018-02-01DANIELLE TAYLOR2019-10-30 DANIELLE TAYLOR2019-10-30

Plan Statistics for OSCAR BRUGMANN SAND & GRAVEL, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for OSCAR BRUGMANN SAND & GRAVEL, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2023: OSCAR BRUGMANN SAND & GRAVEL, INC. CASH BALANCE PENSION PLAN 2023 401k membership
Market value of plan assets2023-01-311,620,121
Acturial value of plan assets2023-01-311,620,121
Funding target for retired participants and beneficiaries receiving payment2023-01-310
Number of terminated vested participants2023-01-311
Fundng target for terminated vested participants2023-01-313,870
Active participant vested funding target2023-01-311,089,800
Number of active participants2023-01-3115
Total funding liabilities for active participants2023-01-311,089,800
Total participant count2023-01-3116
Total funding target for all participants2023-01-311,093,670
Balance at beginning of prior year after applicable adjustments2023-01-310
Prefunding balance at beginning of prior year after applicable adjustments2023-01-310
Carryover balanced portion elected for use to offset prior years funding requirement2023-01-310
Prefunding balanced used to offset prior years funding requirement2023-01-310
Amount remaining of carryover balance2023-01-310
Amount remaining of prefunding balance2023-01-310
Present value of excess contributions2023-01-31567,331
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-01-31567,331
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-01-310
Reductions in caryover balances due to elections or deemed elections2023-01-310
Reductions in prefunding balances due to elections or deemed elections2023-01-310
Balance of carryovers at beginning of current year2023-01-310
Balance of prefunding at beginning of current year2023-01-310
Total employer contributions2023-01-31252,729
Total employee contributions2023-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2023-01-310
Contributions made to avoid restrictions adjusted to valuation date2023-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-01-31245,862
Unpaid minimum required contributions for all prior years2023-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-01-310
Remaining amount of unpaid minimum required contributions2023-01-310
Minimum required contributions for current year target normal cost2023-01-31245,303
Net shortfall amortization installment of oustanding balance2023-01-310
Waiver amortization installment2023-01-310
Total funding amount beforereflecting carryover/prefunding balances2023-01-310
Carryover balance elected to use to offset funding requirement2023-01-310
Prefunding balance elected to use to offset funding requirement2023-01-310
Additional cash requirement2023-01-310
Contributions allocatedtoward minimum required contributions for current year2023-01-31245,862
Unpaid minimum required contributions for current year2023-01-310
Unpaid minimum required contributions for all years2023-01-310
2022: OSCAR BRUGMANN SAND & GRAVEL, INC. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets2022-01-311,114,205
Acturial value of plan assets2022-01-311,114,205
Funding target for retired participants and beneficiaries receiving payment2022-01-310
Number of terminated vested participants2022-01-311
Fundng target for terminated vested participants2022-01-313,611
Active participant vested funding target2022-01-31781,170
Number of active participants2022-01-3115
Total funding liabilities for active participants2022-01-31781,170
Total participant count2022-01-3116
Total funding target for all participants2022-01-31784,781
Balance at beginning of prior year after applicable adjustments2022-01-310
Prefunding balance at beginning of prior year after applicable adjustments2022-01-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-01-310
Prefunding balanced used to offset prior years funding requirement2022-01-310
Amount remaining of carryover balance2022-01-310
Amount remaining of prefunding balance2022-01-310
Present value of excess contributions2022-01-31405,530
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-01-31405,530
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-01-310
Reductions in caryover balances due to elections or deemed elections2022-01-310
Reductions in prefunding balances due to elections or deemed elections2022-01-310
Balance of carryovers at beginning of current year2022-01-310
Balance of prefunding at beginning of current year2022-01-310
Total employer contributions2022-01-31573,359
Total employee contributions2022-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-01-310
Contributions made to avoid restrictions adjusted to valuation date2022-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-01-31567,331
Unpaid minimum required contributions for all prior years2022-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-01-310
Remaining amount of unpaid minimum required contributions2022-01-310
Minimum required contributions for current year target normal cost2022-01-31239,460
Net shortfall amortization installment of oustanding balance2022-01-310
Waiver amortization installment2022-01-310
Total funding amount beforereflecting carryover/prefunding balances2022-01-310
Carryover balance elected to use to offset funding requirement2022-01-310
Prefunding balance elected to use to offset funding requirement2022-01-310
Additional cash requirement2022-01-310
Contributions allocatedtoward minimum required contributions for current year2022-01-31567,331
Unpaid minimum required contributions for current year2022-01-310
Unpaid minimum required contributions for all years2022-01-310
2021: OSCAR BRUGMANN SAND & GRAVEL, INC. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-01-31552,673
Acturial value of plan assets2021-01-31552,673
Funding target for retired participants and beneficiaries receiving payment2021-01-310
Number of terminated vested participants2021-01-312
Fundng target for terminated vested participants2021-01-315,236
Active participant vested funding target2021-01-31500,511
Number of active participants2021-01-3113
Total funding liabilities for active participants2021-01-31500,822
Total participant count2021-01-3115
Total funding target for all participants2021-01-31506,058
Balance at beginning of prior year after applicable adjustments2021-01-310
Prefunding balance at beginning of prior year after applicable adjustments2021-01-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-01-310
Prefunding balanced used to offset prior years funding requirement2021-01-310
Amount remaining of carryover balance2021-01-310
Amount remaining of prefunding balance2021-01-310
Present value of excess contributions2021-01-3141,248
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-01-3141,248
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-01-310
Reductions in caryover balances due to elections or deemed elections2021-01-310
Reductions in prefunding balances due to elections or deemed elections2021-01-310
Balance of carryovers at beginning of current year2021-01-310
Balance of prefunding at beginning of current year2021-01-310
Total employer contributions2021-01-31600,000
Total employee contributions2021-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-01-310
Contributions made to avoid restrictions adjusted to valuation date2021-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-01-31593,993
Unpaid minimum required contributions for all prior years2021-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-01-310
Remaining amount of unpaid minimum required contributions2021-01-310
Minimum required contributions for current year target normal cost2021-01-31235,078
Net shortfall amortization installment of oustanding balance2021-01-310
Waiver amortization installment2021-01-310
Total funding amount beforereflecting carryover/prefunding balances2021-01-31188,463
Carryover balance elected to use to offset funding requirement2021-01-310
Prefunding balance elected to use to offset funding requirement2021-01-310
Additional cash requirement2021-01-31188,463
Contributions allocatedtoward minimum required contributions for current year2021-01-31593,993
Unpaid minimum required contributions for current year2021-01-310
Unpaid minimum required contributions for all years2021-01-310
2020: OSCAR BRUGMANN SAND & GRAVEL, INC. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-01-31285,072
Acturial value of plan assets2020-01-31285,072
Funding target for retired participants and beneficiaries receiving payment2020-01-310
Number of terminated vested participants2020-01-310
Fundng target for terminated vested participants2020-01-310
Active participant vested funding target2020-01-31249,183
Number of active participants2020-01-3115
Total funding liabilities for active participants2020-01-31249,183
Total participant count2020-01-3115
Total funding target for all participants2020-01-31249,183
Balance at beginning of prior year after applicable adjustments2020-01-310
Prefunding balance at beginning of prior year after applicable adjustments2020-01-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-01-310
Prefunding balanced used to offset prior years funding requirement2020-01-310
Amount remaining of carryover balance2020-01-310
Amount remaining of prefunding balance2020-01-310
Present value of excess contributions2020-01-3140,038
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-01-3140,038
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-01-310
Reductions in caryover balances due to elections or deemed elections2020-01-310
Reductions in prefunding balances due to elections or deemed elections2020-01-310
Balance of carryovers at beginning of current year2020-01-310
Balance of prefunding at beginning of current year2020-01-310
Total employer contributions2020-01-31250,000
Total employee contributions2020-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-01-310
Contributions made to avoid restrictions adjusted to valuation date2020-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-01-31244,739
Unpaid minimum required contributions for all prior years2020-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-01-310
Remaining amount of unpaid minimum required contributions2020-01-310
Minimum required contributions for current year target normal cost2020-01-31239,380
Net shortfall amortization installment of oustanding balance2020-01-310
Waiver amortization installment2020-01-310
Total funding amount beforereflecting carryover/prefunding balances2020-01-31203,491
Carryover balance elected to use to offset funding requirement2020-01-310
Prefunding balance elected to use to offset funding requirement2020-01-310
Additional cash requirement2020-01-31203,491
Contributions allocatedtoward minimum required contributions for current year2020-01-31244,739
Unpaid minimum required contributions for current year2020-01-310
Unpaid minimum required contributions for all years2020-01-310
2019: OSCAR BRUGMANN SAND & GRAVEL, INC. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-01-310
Acturial value of plan assets2019-01-310
Funding target for retired participants and beneficiaries receiving payment2019-01-310
Number of terminated vested participants2019-01-310
Fundng target for terminated vested participants2019-01-310
Active participant vested funding target2019-01-310
Number of active participants2019-01-3113
Total funding liabilities for active participants2019-01-310
Total participant count2019-01-3113
Total funding target for all participants2019-01-310
Balance at beginning of prior year after applicable adjustments2019-01-310
Prefunding balance at beginning of prior year after applicable adjustments2019-01-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-01-310
Prefunding balanced used to offset prior years funding requirement2019-01-310
Amount remaining of carryover balance2019-01-310
Amount remaining of prefunding balance2019-01-310
Present value of excess contributions2019-01-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-01-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-01-310
Reductions in caryover balances due to elections or deemed elections2019-01-310
Reductions in prefunding balances due to elections or deemed elections2019-01-310
Balance of carryovers at beginning of current year2019-01-310
Balance of prefunding at beginning of current year2019-01-310
Total employer contributions2019-01-31283,538
Total employee contributions2019-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-01-310
Contributions made to avoid restrictions adjusted to valuation date2019-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-01-31273,928
Unpaid minimum required contributions for all prior years2019-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-01-310
Remaining amount of unpaid minimum required contributions2019-01-310
Minimum required contributions for current year target normal cost2019-01-31233,890
Net shortfall amortization installment of oustanding balance2019-01-310
Waiver amortization installment2019-01-310
Total funding amount beforereflecting carryover/prefunding balances2019-01-31233,890
Additional cash requirement2019-01-31233,890
Contributions allocatedtoward minimum required contributions for current year2019-01-31273,928
Unpaid minimum required contributions for current year2019-01-310
Unpaid minimum required contributions for all years2019-01-310

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