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INTERNATIONAL FREIGHT SERVICES, INC. CASH BALANCE PENSION PLAN AND TRUST 401k Plan overview

Plan NameINTERNATIONAL FREIGHT SERVICES, INC. CASH BALANCE PENSION PLAN AND TRUST
Plan identification number 003

INTERNATIONAL FREIGHT SERVICES, INC. CASH BALANCE PENSION PLAN AND TRUST Benefits

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

INTERNATIONAL FREIGHT SERVICES, INC has sponsored the creation of one or more 401k plans.

Company Name:INTERNATIONAL FREIGHT SERVICES, INC
Employer identification number (EIN):363660593
NAIC Classification:488510
NAIC Description:Freight Transportation Arrangement

Additional information about INTERNATIONAL FREIGHT SERVICES, INC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 3295021

More information about INTERNATIONAL FREIGHT SERVICES, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INTERNATIONAL FREIGHT SERVICES, INC. CASH BALANCE PENSION PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032020-01-01
0032019-01-01
0032018-01-01
0032017-01-01
0032016-01-01ROBERT ROUBITCHEK2017-09-15
0032015-01-01ROBERT ROUBITCHEK2016-10-04
0032014-01-01ROBERT ROUBITCHEK2015-08-17
0032013-01-01ROBERT ROUBITCHEK2014-08-19

Plan Statistics for INTERNATIONAL FREIGHT SERVICES, INC. CASH BALANCE PENSION PLAN AND TRUST

401k plan membership statisitcs for INTERNATIONAL FREIGHT SERVICES, INC. CASH BALANCE PENSION PLAN AND TRUST

Measure Date Value
2020: INTERNATIONAL FREIGHT SERVICES, INC. CASH BALANCE PENSION PLAN AND TRUST 2020 401k membership
Market value of plan assets2020-06-041,630,413
Acturial value of plan assets2020-06-041,630,413
Funding target for retired participants and beneficiaries receiving payment2020-06-040
Number of terminated vested participants2020-06-042
Fundng target for terminated vested participants2020-06-044,740
Active participant vested funding target2020-06-041,613,959
Number of active participants2020-06-0414
Total funding liabilities for active participants2020-06-041,613,959
Total participant count2020-06-0416
Total funding target for all participants2020-06-041,618,699
Balance at beginning of prior year after applicable adjustments2020-06-040
Prefunding balance at beginning of prior year after applicable adjustments2020-06-040
Carryover balanced portion elected for use to offset prior years funding requirement2020-06-040
Prefunding balanced used to offset prior years funding requirement2020-06-040
Amount remaining of carryover balance2020-06-040
Amount remaining of prefunding balance2020-06-040
Present value of excess contributions2020-06-040
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-06-040
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-06-040
Reductions in caryover balances due to elections or deemed elections2020-06-040
Reductions in prefunding balances due to elections or deemed elections2020-06-040
Balance of carryovers at beginning of current year2020-06-040
Balance of prefunding at beginning of current year2020-06-040
Total employer contributions2020-06-040
Total employee contributions2020-06-040
Contributions allocated toward unpaid minimum require contributions from prior years2020-06-040
Contributions made to avoid restrictions adjusted to valuation date2020-06-040
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-06-040
Unpaid minimum required contributions for all prior years2020-06-040
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-06-040
Remaining amount of unpaid minimum required contributions2020-06-040
Minimum required contributions for current year target normal cost2020-06-040
Net shortfall amortization installment of oustanding balance2020-06-040
Total funding amount beforereflecting carryover/prefunding balances2020-06-040
Carryover balance elected to use to offset funding requirement2020-06-040
Prefunding balance elected to use to offset funding requirement2020-06-040
Additional cash requirement2020-06-040
Contributions allocatedtoward minimum required contributions for current year2020-06-040
Unpaid minimum required contributions for current year2020-06-040
Unpaid minimum required contributions for all years2020-06-040
2019: INTERNATIONAL FREIGHT SERVICES, INC. CASH BALANCE PENSION PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-12-311,724,242
Acturial value of plan assets2019-12-311,724,242
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-312
Fundng target for terminated vested participants2019-12-314,395
Active participant vested funding target2019-12-311,522,888
Number of active participants2019-12-3117
Total funding liabilities for active participants2019-12-311,522,888
Total participant count2019-12-3119
Total funding target for all participants2019-12-311,527,283
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 contributions2019-12-3135,309
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3137,336
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 contributions2019-12-310
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 date2019-12-310
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
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 cost2019-12-3110,363
Net shortfall amortization installment of oustanding balance2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: INTERNATIONAL FREIGHT SERVICES, INC. CASH BALANCE PENSION PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-12-311,207,369
Acturial value of plan assets2018-12-311,207,369
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-311,137
Active participant vested funding target2018-12-311,222,619
Number of active participants2018-12-3116
Total funding liabilities for active participants2018-12-311,222,619
Total participant count2018-12-3117
Total funding target for all participants2018-12-311,223,756
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3186,112
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3190,616
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31270,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31263,328
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31225,344
Net shortfall amortization installment of oustanding balance2018-12-3116,387
Total funding amount beforereflecting carryover/prefunding balances2018-12-31228,019
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31228,019
Contributions allocatedtoward minimum required contributions for current year2018-12-31263,328
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: INTERNATIONAL FREIGHT SERVICES, INC. CASH BALANCE PENSION PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-12-311,035,100
Acturial value of plan assets2017-12-311,035,100
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-31996
Active participant vested funding target2017-12-31945,577
Number of active participants2017-12-3113
Total funding liabilities for active participants2017-12-31945,577
Total participant count2017-12-3114
Total funding target for all participants2017-12-31946,573
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-316,123
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-316,448
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31226,297
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31221,004
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31223,419
Net shortfall amortization installment of oustanding balance2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31134,892
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31134,892
Contributions allocatedtoward minimum required contributions for current year2017-12-31221,004
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: INTERNATIONAL FREIGHT SERVICES, INC. CASH BALANCE PENSION PLAN AND TRUST 2016 401k membership
Market value of plan assets2016-12-31682,599
Acturial value of plan assets2016-12-31682,599
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-31677,202
Number of active participants2016-12-3115
Total funding liabilities for active participants2016-12-31677,657
Total participant count2016-12-3115
Total funding target for all participants2016-12-31677,657
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-3116,792
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3117,640
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31235,780
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31224,534
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31223,353
Net shortfall amortization installment of oustanding balance2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31218,411
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31218,411
Contributions allocatedtoward minimum required contributions for current year2016-12-31224,534
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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