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INTERIOR CONCEPTS, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameINTERIOR CONCEPTS, INC. CASH BALANCE PENSION PLAN
Plan identification number 003

INTERIOR CONCEPTS, INC. CASH BALANCE PENSION 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).
  • 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

INTERIOR CONCEPTS, INC. has sponsored the creation of one or more 401k plans.

Company Name:INTERIOR CONCEPTS, INC.
Employer identification number (EIN):362836532
NAIC Classification:442291
NAIC Description:Window Treatment Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INTERIOR CONCEPTS, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01
0032022-01-01
0032021-01-01
0032020-09-01
0032019-09-01
0032018-09-01
0032017-09-01
0032017-09-01
0032016-09-01
0032015-09-01
0032014-09-01

Plan Statistics for INTERIOR CONCEPTS, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for INTERIOR CONCEPTS, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2022: INTERIOR CONCEPTS, INC. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-3141,788
Acturial value of plan assets2022-12-3141,788
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-312
Fundng target for terminated vested participants2022-12-311,601
Active participant vested funding target2022-12-3129,507
Number of active participants2022-12-314
Total funding liabilities for active participants2022-12-3129,507
Total participant count2022-12-316
Total funding target for all participants2022-12-3131,108
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
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 balance2022-12-310
Present value of excess contributions2022-12-3116,550
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3116,550
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
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 year2022-12-310
Total employer contributions2022-12-3194,524
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 date2022-12-3191,333
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 cost2022-12-3198,935
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3188,255
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-3188,255
Contributions allocatedtoward minimum required contributions for current year2022-12-3191,333
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: INTERIOR CONCEPTS, INC. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-3137,485
Acturial value of plan assets2021-12-3137,485
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 target2021-12-3121,050
Number of active participants2021-12-315
Total funding liabilities for active participants2021-12-3121,050
Total participant count2021-12-315
Total funding target for all participants2021-12-3121,050
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 contributions2021-12-3142
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3142
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 contributions2021-12-3198,099
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 date2021-12-3194,845
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 cost2021-12-3194,730
Net shortfall amortization installment of oustanding balance2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3178,295
Additional cash requirement2021-12-3178,295
Contributions allocatedtoward minimum required contributions for current year2021-12-3194,845
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: INTERIOR CONCEPTS, INC. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-31186,638
Acturial value of plan assets2020-12-31186,638
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-311,074
Active participant vested funding target2020-12-31154,588
Number of active participants2020-12-315
Total funding liabilities for active participants2020-12-31154,588
Total participant count2020-12-316
Total funding target for all participants2020-12-31155,662
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 contributions2020-12-3127,692
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3127,692
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 contributions2020-12-3161,644
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 date2020-12-3159,472
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 cost2020-12-3190,406
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3159,430
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-3159,430
Contributions allocatedtoward minimum required contributions for current year2020-12-3159,472
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Market value of plan assets2020-08-3123,056
Acturial value of plan assets2020-08-3123,056
Funding target for retired participants and beneficiaries receiving payment2020-08-310
Number of terminated vested participants2020-08-311
Fundng target for terminated vested participants2020-08-311,009
Active participant vested funding target2020-08-3112,605
Number of active participants2020-08-314
Total funding liabilities for active participants2020-08-3112,605
Total participant count2020-08-315
Total funding target for all participants2020-08-3113,614
Balance at beginning of prior year after applicable adjustments2020-08-310
Prefunding balance at beginning of prior year after applicable adjustments2020-08-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-08-310
Prefunding balanced used to offset prior years funding requirement2020-08-310
Amount remaining of carryover balance2020-08-310
Amount remaining of prefunding balance2020-08-310
Present value of excess contributions2020-08-3110,137
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-08-3110,137
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-08-310
Reductions in caryover balances due to elections or deemed elections2020-08-310
Reductions in prefunding balances due to elections or deemed elections2020-08-310
Balance of carryovers at beginning of current year2020-08-310
Balance of prefunding at beginning of current year2020-08-310
Total employer contributions2020-08-31164,665
Total employee contributions2020-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-08-310
Contributions made to avoid restrictions adjusted to valuation date2020-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-08-31157,501
Unpaid minimum required contributions for all prior years2020-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-08-310
Remaining amount of unpaid minimum required contributions2020-08-310
Minimum required contributions for current year target normal cost2020-08-31139,251
Net shortfall amortization installment of oustanding balance2020-08-310
Waiver amortization installment2020-08-310
Total funding amount beforereflecting carryover/prefunding balances2020-08-31129,809
Additional cash requirement2020-08-31129,809
Contributions allocatedtoward minimum required contributions for current year2020-08-31157,501
Unpaid minimum required contributions for current year2020-08-310
Unpaid minimum required contributions for all years2020-08-310
2019: INTERIOR CONCEPTS, INC. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-08-318,230
Acturial value of plan assets2019-08-318,230
Funding target for retired participants and beneficiaries receiving payment2019-08-310
Number of terminated vested participants2019-08-311
Fundng target for terminated vested participants2019-08-310
Active participant vested funding target2019-08-3124,253
Number of active participants2019-08-3110
Total funding liabilities for active participants2019-08-3124,253
Total participant count2019-08-3111
Total funding target for all participants2019-08-3124,253
Balance at beginning of prior year after applicable adjustments2019-08-310
Prefunding balance at beginning of prior year after applicable adjustments2019-08-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-08-310
Prefunding balanced used to offset prior years funding requirement2019-08-310
Amount remaining of carryover balance2019-08-310
Amount remaining of prefunding balance2019-08-310
Present value of excess contributions2019-08-318,047
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-08-318,047
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-08-310
Reductions in caryover balances due to elections or deemed elections2019-08-310
Reductions in prefunding balances due to elections or deemed elections2019-08-310
Balance of carryovers at beginning of current year2019-08-310
Balance of prefunding at beginning of current year2019-08-310
Total employer contributions2019-08-31165,000
Total employee contributions2019-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-08-310
Contributions made to avoid restrictions adjusted to valuation date2019-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-08-31151,284
Unpaid minimum required contributions for all prior years2019-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-08-310
Remaining amount of unpaid minimum required contributions2019-08-310
Minimum required contributions for current year target normal cost2019-08-31139,339
Net shortfall amortization installment of oustanding balance2019-08-3116,023
Waiver amortization installment2019-08-310
Total funding amount beforereflecting carryover/prefunding balances2019-08-31142,915
Additional cash requirement2019-08-31142,915
Contributions allocatedtoward minimum required contributions for current year2019-08-31151,284
Unpaid minimum required contributions for current year2019-08-310
Unpaid minimum required contributions for all years2019-08-310
2018: INTERIOR CONCEPTS, INC. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-08-3154,701
Acturial value of plan assets2018-08-3154,701
Funding target for retired participants and beneficiaries receiving payment2018-08-310
Number of terminated vested participants2018-08-310
Fundng target for terminated vested participants2018-08-310
Active participant vested funding target2018-08-31100,024
Number of active participants2018-08-319
Total funding liabilities for active participants2018-08-31100,024
Total participant count2018-08-319
Total funding target for all participants2018-08-31100,024
Balance at beginning of prior year after applicable adjustments2018-08-310
Prefunding balance at beginning of prior year after applicable adjustments2018-08-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-08-310
Prefunding balanced used to offset prior years funding requirement2018-08-310
Amount remaining of carryover balance2018-08-310
Amount remaining of prefunding balance2018-08-310
Present value of excess contributions2018-08-3146,689
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-08-3146,689
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-08-310
Reductions in caryover balances due to elections or deemed elections2018-08-310
Reductions in prefunding balances due to elections or deemed elections2018-08-310
Balance of carryovers at beginning of current year2018-08-310
Balance of prefunding at beginning of current year2018-08-310
Total employer contributions2018-08-31166,986
Total employee contributions2018-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-08-310
Contributions made to avoid restrictions adjusted to valuation date2018-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-08-31156,082
Unpaid minimum required contributions for all prior years2018-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-08-310
Remaining amount of unpaid minimum required contributions2018-08-310
Minimum required contributions for current year target normal cost2018-08-31140,525
Net shortfall amortization installment of oustanding balance2018-08-3145,323
Waiver amortization installment2018-08-310
Total funding amount beforereflecting carryover/prefunding balances2018-08-31148,035
Carryover balance elected to use to offset funding requirement2018-08-310
Prefunding balance elected to use to offset funding requirement2018-08-310
Additional cash requirement2018-08-31148,035
Contributions allocatedtoward minimum required contributions for current year2018-08-31156,082
Unpaid minimum required contributions for current year2018-08-310
Unpaid minimum required contributions for all years2018-08-310
2017: INTERIOR CONCEPTS, INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-08-31639,157
Acturial value of plan assets2017-08-31639,157
Funding target for retired participants and beneficiaries receiving payment2017-08-310
Number of terminated vested participants2017-08-310
Fundng target for terminated vested participants2017-08-310
Active participant vested funding target2017-08-31642,635
Number of active participants2017-08-314
Total funding liabilities for active participants2017-08-31642,635
Total participant count2017-08-314
Total funding target for all participants2017-08-31642,635
Balance at beginning of prior year after applicable adjustments2017-08-310
Prefunding balance at beginning of prior year after applicable adjustments2017-08-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-08-310
Prefunding balanced used to offset prior years funding requirement2017-08-310
Amount remaining of carryover balance2017-08-310
Amount remaining of prefunding balance2017-08-310
Present value of excess contributions2017-08-311,522
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-08-311,522
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-08-310
Reductions in caryover balances due to elections or deemed elections2017-08-310
Reductions in prefunding balances due to elections or deemed elections2017-08-310
Balance of carryovers at beginning of current year2017-08-310
Balance of prefunding at beginning of current year2017-08-310
Total employer contributions2017-08-31276,369
Total employee contributions2017-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-08-310
Contributions made to avoid restrictions adjusted to valuation date2017-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-08-31268,352
Unpaid minimum required contributions for all prior years2017-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-08-310
Remaining amount of unpaid minimum required contributions2017-08-310
Minimum required contributions for current year target normal cost2017-08-31221,088
Net shortfall amortization installment of oustanding balance2017-08-313,478
Waiver amortization installment2017-08-310
Total funding amount beforereflecting carryover/prefunding balances2017-08-31221,663
Additional cash requirement2017-08-31221,663
Contributions allocatedtoward minimum required contributions for current year2017-08-31268,352
Unpaid minimum required contributions for current year2017-08-310
Unpaid minimum required contributions for all years2017-08-310

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