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GROUP PENSION PLAN FOR EMPLOYEES OF BIRO MANUFACTURING COMPANY 401k Plan overview

Plan NameGROUP PENSION PLAN FOR EMPLOYEES OF BIRO MANUFACTURING COMPANY
Plan identification number 001

GROUP PENSION PLAN FOR EMPLOYEES OF BIRO MANUFACTURING COMPANY Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ISLAND LEASING COMPANY has sponsored the creation of one or more 401k plans.

Company Name:ISLAND LEASING COMPANY
Employer identification number (EIN):344189065
NAIC Classification:332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GROUP PENSION PLAN FOR EMPLOYEES OF BIRO MANUFACTURING COMPANY

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-07-01THERESA BAHM2024-01-31 THERESA BAHM2024-01-31
0012021-07-01THERESA BAHM2023-04-17 THERESA BAHM2023-04-17
0012020-07-01THERESA BAHM2022-04-14 THERESA BAHM2022-04-14
0012019-07-01THERESA BAHM2020-12-28 THERESA BAHM2020-12-28
0012018-07-01THERESA BAHM2020-01-30 THERESA BAHM2020-01-30
0012017-07-01THERESA BAHM2019-01-31 THERESA BAHM2019-01-31
0012016-07-01THERESA BAHM2018-02-06 THERESA BAHM2018-02-06
0012015-07-01THERESA BAHM2017-01-30 THERESA BAHM2017-01-30
0012014-07-01THERESA BAHM2016-01-27
0012013-07-01THERESA MAREZ2015-01-29
0012012-07-01THERESA MAREZ2014-01-09
0012011-07-01THERESA MAREZ2013-01-21
0012010-07-01THERESA MAREZ2012-04-13
0012008-07-01

Plan Statistics for GROUP PENSION PLAN FOR EMPLOYEES OF BIRO MANUFACTURING COMPANY

401k plan membership statisitcs for GROUP PENSION PLAN FOR EMPLOYEES OF BIRO MANUFACTURING COMPANY

Measure Date Value
2023: GROUP PENSION PLAN FOR EMPLOYEES OF BIRO MANUFACTURING COMPANY 2023 401k membership
Market value of plan assets2023-06-309,893,436
Acturial value of plan assets2023-06-309,893,436
Funding target for retired participants and beneficiaries receiving payment2023-06-300
Number of terminated vested participants2023-06-3021
Fundng target for terminated vested participants2023-06-30806,110
Active participant vested funding target2023-06-309,182,132
Number of active participants2023-06-3069
Total funding liabilities for active participants2023-06-3010,268,231
Total participant count2023-06-3090
Total funding target for all participants2023-06-3011,074,341
Balance at beginning of prior year after applicable adjustments2023-06-300
Prefunding balance at beginning of prior year after applicable adjustments2023-06-30668,330
Carryover balanced portion elected for use to offset prior years funding requirement2023-06-300
Prefunding balanced used to offset prior years funding requirement2023-06-300
Amount remaining of carryover balance2023-06-300
Amount remaining of prefunding balance2023-06-30668,330
Present value of excess contributions2023-06-301,030,465
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-06-301,081,782
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-06-301,081,782
Reductions in caryover balances due to elections or deemed elections2023-06-300
Reductions in prefunding balances due to elections or deemed elections2023-06-30625,390
Balance of carryovers at beginning of current year2023-06-300
Balance of prefunding at beginning of current year2023-06-301,033,963
Total employer contributions2023-06-301,191,246
Total employee contributions2023-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2023-06-300
Contributions made to avoid restrictions adjusted to valuation date2023-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-06-301,166,098
Unpaid minimum required contributions for all prior years2023-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-06-300
Remaining amount of unpaid minimum required contributions2023-06-300
Minimum required contributions for current year target normal cost2023-06-30545,947
Net shortfall amortization installment of oustanding balance2023-06-302,214,868
Waiver amortization installment2023-06-300
Total funding amount beforereflecting carryover/prefunding balances2023-06-30750,626
Carryover balance elected to use to offset funding requirement2023-06-300
Prefunding balance elected to use to offset funding requirement2023-06-300
Additional cash requirement2023-06-30750,626
Contributions allocatedtoward minimum required contributions for current year2023-06-301,166,098
Unpaid minimum required contributions for current year2023-06-300
Unpaid minimum required contributions for all years2023-06-300
2022: GROUP PENSION PLAN FOR EMPLOYEES OF BIRO MANUFACTURING COMPANY 2022 401k membership
Market value of plan assets2022-06-3011,126,031
Acturial value of plan assets2022-06-3011,126,031
Funding target for retired participants and beneficiaries receiving payment2022-06-300
Number of terminated vested participants2022-06-3019
Fundng target for terminated vested participants2022-06-30868,163
Active participant vested funding target2022-06-308,981,652
Number of active participants2022-06-3073
Total funding liabilities for active participants2022-06-309,140,544
Total participant count2022-06-3092
Total funding target for all participants2022-06-3010,008,707
Balance at beginning of prior year after applicable adjustments2022-06-300
Prefunding balance at beginning of prior year after applicable adjustments2022-06-3086,118
Carryover balanced portion elected for use to offset prior years funding requirement2022-06-300
Prefunding balanced used to offset prior years funding requirement2022-06-300
Amount remaining of carryover balance2022-06-300
Amount remaining of prefunding balance2022-06-3086,118
Present value of excess contributions2022-06-30613,061
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-06-30646,289
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-06-30646,289
Reductions in caryover balances due to elections or deemed elections2022-06-300
Reductions in prefunding balances due to elections or deemed elections2022-06-3079,432
Balance of carryovers at beginning of current year2022-06-300
Balance of prefunding at beginning of current year2022-06-30668,330
Total employer contributions2022-06-301,052,244
Total employee contributions2022-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2022-06-300
Contributions made to avoid restrictions adjusted to valuation date2022-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-06-301,030,465
Unpaid minimum required contributions for all prior years2022-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-06-300
Remaining amount of unpaid minimum required contributions2022-06-300
Minimum required contributions for current year target normal cost2022-06-30448,994
Net shortfall amortization installment of oustanding balance2022-06-300
Waiver amortization installment2022-06-300
Total funding amount beforereflecting carryover/prefunding balances2022-06-300
Carryover balance elected to use to offset funding requirement2022-06-300
Prefunding balance elected to use to offset funding requirement2022-06-300
Additional cash requirement2022-06-300
Contributions allocatedtoward minimum required contributions for current year2022-06-301,030,465
Unpaid minimum required contributions for current year2022-06-300
Unpaid minimum required contributions for all years2022-06-300
2021: GROUP PENSION PLAN FOR EMPLOYEES OF BIRO MANUFACTURING COMPANY 2021 401k membership
Market value of plan assets2021-06-308,512,446
Acturial value of plan assets2021-06-308,512,446
Funding target for retired participants and beneficiaries receiving payment2021-06-3010,383
Number of terminated vested participants2021-06-3019
Fundng target for terminated vested participants2021-06-30754,257
Active participant vested funding target2021-06-307,545,851
Number of active participants2021-06-3068
Total funding liabilities for active participants2021-06-307,661,688
Total participant count2021-06-3088
Total funding target for all participants2021-06-308,426,328
Balance at beginning of prior year after applicable adjustments2021-06-300
Prefunding balance at beginning of prior year after applicable adjustments2021-06-30510,340
Carryover balanced portion elected for use to offset prior years funding requirement2021-06-300
Prefunding balanced used to offset prior years funding requirement2021-06-300
Amount remaining of carryover balance2021-06-300
Amount remaining of prefunding balance2021-06-30510,340
Present value of excess contributions2021-06-30243,267
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-06-30256,914
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-06-30256,914
Reductions in caryover balances due to elections or deemed elections2021-06-300
Reductions in prefunding balances due to elections or deemed elections2021-06-30694,303
Balance of carryovers at beginning of current year2021-06-300
Balance of prefunding at beginning of current year2021-06-3086,118
Total employer contributions2021-06-301,054,127
Total employee contributions2021-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-06-300
Contributions made to avoid restrictions adjusted to valuation date2021-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-06-301,006,910
Unpaid minimum required contributions for all prior years2021-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-06-300
Remaining amount of unpaid minimum required contributions2021-06-300
Minimum required contributions for current year target normal cost2021-06-30393,849
Net shortfall amortization installment of oustanding balance2021-06-300
Waiver amortization installment2021-06-300
Total funding amount beforereflecting carryover/prefunding balances2021-06-30393,849
Carryover balance elected to use to offset funding requirement2021-06-300
Prefunding balance elected to use to offset funding requirement2021-06-300
Additional cash requirement2021-06-30393,849
Contributions allocatedtoward minimum required contributions for current year2021-06-301,006,910
Unpaid minimum required contributions for current year2021-06-300
Unpaid minimum required contributions for all years2021-06-300
2020: GROUP PENSION PLAN FOR EMPLOYEES OF BIRO MANUFACTURING COMPANY 2020 401k membership
Market value of plan assets2020-06-308,959,739
Acturial value of plan assets2020-06-308,959,739
Funding target for retired participants and beneficiaries receiving payment2020-06-3010,962
Number of terminated vested participants2020-06-3027
Fundng target for terminated vested participants2020-06-30831,196
Active participant vested funding target2020-06-307,373,590
Number of active participants2020-06-3092
Total funding liabilities for active participants2020-06-307,607,241
Total participant count2020-06-30120
Total funding target for all participants2020-06-308,449,399
Balance at beginning of prior year after applicable adjustments2020-06-300
Prefunding balance at beginning of prior year after applicable adjustments2020-06-301,315,659
Carryover balanced portion elected for use to offset prior years funding requirement2020-06-300
Prefunding balanced used to offset prior years funding requirement2020-06-3022,426
Amount remaining of carryover balance2020-06-300
Amount remaining of prefunding balance2020-06-301,293,233
Present value of excess contributions2020-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-06-300
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 elections2020-06-30845,227
Balance of carryovers at beginning of current year2020-06-300
Balance of prefunding at beginning of current year2020-06-30510,340
Total employer contributions2020-06-30658,335
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 date2020-06-30629,642
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 cost2020-06-30386,375
Net shortfall amortization installment of oustanding balance2020-06-300
Waiver amortization installment2020-06-300
Total funding amount beforereflecting carryover/prefunding balances2020-06-30386,375
Carryover balance elected to use to offset funding requirement2020-06-300
Prefunding balance elected to use to offset funding requirement2020-06-300
Additional cash requirement2020-06-30386,375
Contributions allocatedtoward minimum required contributions for current year2020-06-30629,642
Unpaid minimum required contributions for current year2020-06-300
Unpaid minimum required contributions for all years2020-06-300
2019: GROUP PENSION PLAN FOR EMPLOYEES OF BIRO MANUFACTURING COMPANY 2019 401k membership
Market value of plan assets2019-06-3010,501,484
Acturial value of plan assets2019-06-3010,501,484
Funding target for retired participants and beneficiaries receiving payment2019-06-301,050,392
Number of terminated vested participants2019-06-3027
Fundng target for terminated vested participants2019-06-30590,775
Active participant vested funding target2019-06-307,388,191
Number of active participants2019-06-3083
Total funding liabilities for active participants2019-06-307,544,658
Total participant count2019-06-30120
Total funding target for all participants2019-06-309,185,825
Balance at beginning of prior year after applicable adjustments2019-06-300
Prefunding balance at beginning of prior year after applicable adjustments2019-06-301,393,034
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 balance2019-06-301,393,034
Present value of excess contributions2019-06-30618,779
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-06-30655,596
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-06-30655,596
Reductions in caryover balances due to elections or deemed elections2019-06-300
Reductions in prefunding balances due to elections or deemed elections2019-06-30783,677
Balance of carryovers at beginning of current year2019-06-300
Balance of prefunding at beginning of current year2019-06-301,315,659
Total employer contributions2019-06-30528,921
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 date2019-06-30518,004
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 cost2019-06-30540,430
Net shortfall amortization installment of oustanding balance2019-06-300
Waiver amortization installment2019-06-300
Total funding amount beforereflecting carryover/prefunding balances2019-06-30540,430
Carryover balance elected to use to offset funding requirement2019-06-300
Prefunding balance elected to use to offset funding requirement2019-06-3022,426
Additional cash requirement2019-06-30518,004
Contributions allocatedtoward minimum required contributions for current year2019-06-30518,004
Unpaid minimum required contributions for current year2019-06-300
Unpaid minimum required contributions for all years2019-06-300
2018: GROUP PENSION PLAN FOR EMPLOYEES OF BIRO MANUFACTURING COMPANY 2018 401k membership
Market value of plan assets2018-06-309,254,392
Acturial value of plan assets2018-06-309,254,392
Funding target for retired participants and beneficiaries receiving payment2018-06-30785,750
Number of terminated vested participants2018-06-3025
Fundng target for terminated vested participants2018-06-30459,211
Active participant vested funding target2018-06-306,475,036
Number of active participants2018-06-3087
Total funding liabilities for active participants2018-06-306,616,397
Total participant count2018-06-30121
Total funding target for all participants2018-06-307,861,358
Balance at beginning of prior year after applicable adjustments2018-06-300
Prefunding balance at beginning of prior year after applicable adjustments2018-06-301,179,141
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 balance2018-06-301,179,141
Present value of excess contributions2018-06-30352,957
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-06-30374,664
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-06-30374,664
Reductions in caryover balances due to elections or deemed elections2018-06-300
Reductions in prefunding balances due to elections or deemed elections2018-06-30265,597
Balance of carryovers at beginning of current year2018-06-300
Balance of prefunding at beginning of current year2018-06-301,393,034
Total employer contributions2018-06-301,139,893
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 date2018-06-301,087,272
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 cost2018-06-30468,493
Net shortfall amortization installment of oustanding balance2018-06-300
Waiver amortization installment2018-06-300
Total funding amount beforereflecting carryover/prefunding balances2018-06-30468,493
Carryover balance elected to use to offset funding requirement2018-06-300
Prefunding balance elected to use to offset funding requirement2018-06-300
Additional cash requirement2018-06-30468,493
Contributions allocatedtoward minimum required contributions for current year2018-06-301,087,272
Unpaid minimum required contributions for current year2018-06-300
Unpaid minimum required contributions for all years2018-06-300
2017: GROUP PENSION PLAN FOR EMPLOYEES OF BIRO MANUFACTURING COMPANY 2017 401k membership
Market value of plan assets2017-06-308,178,504
Acturial value of plan assets2017-06-308,178,504
Funding target for retired participants and beneficiaries receiving payment2017-06-30472,676
Number of terminated vested participants2017-06-3023
Fundng target for terminated vested participants2017-06-30387,993
Active participant vested funding target2017-06-306,041,511
Number of active participants2017-06-3088
Total funding liabilities for active participants2017-06-306,138,693
Total participant count2017-06-30119
Total funding target for all participants2017-06-306,999,362
Balance at beginning of prior year after applicable adjustments2017-06-300
Prefunding balance at beginning of prior year after applicable adjustments2017-06-301,586,836
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 balance2017-06-301,586,836
Present value of excess contributions2017-06-30393,433
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-06-30418,377
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-06-30418,377
Reductions in caryover balances due to elections or deemed elections2017-06-300
Reductions in prefunding balances due to elections or deemed elections2017-06-30836,704
Balance of carryovers at beginning of current year2017-06-300
Balance of prefunding at beginning of current year2017-06-301,179,141
Total employer contributions2017-06-30910,202
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 date2017-06-30863,609
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 cost2017-06-30510,653
Net shortfall amortization installment of oustanding balance2017-06-300
Waiver amortization installment2017-06-300
Waived amount of outstanding balance2017-06-300
Total funding amount beforereflecting carryover/prefunding balances2017-06-30510,652
Carryover balance elected to use to offset funding requirement2017-06-300
Prefunding balance elected to use to offset funding requirement2017-06-300
Additional cash requirement2017-06-30510,652
Contributions allocatedtoward minimum required contributions for current year2017-06-30863,609
Unpaid minimum required contributions for current year2017-06-300
Unpaid minimum required contributions for all years2017-06-300

Form 5500 Responses for GROUP PENSION PLAN FOR EMPLOYEES OF BIRO MANUFACTURING COMPANY

2008: GROUP PENSION PLAN FOR EMPLOYEES OF BIRO MANUFACTURING COMPANY 2008 form 5500 responses
2008-07-01Type of plan entitySingle employer plan
2008-07-01Submission has been amendedYes
2008-07-01This submission is the final filingNo
2008-07-01This return/report is a short plan year return/report (less than 12 months)No
2008-07-01Plan is a collectively bargained planNo

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