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H & M RENTALS, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameH & M RENTALS, INC. CASH BALANCE PENSION PLAN
Plan identification number 001

H & M RENTALS, INC. CASH BALANCE PENSION PLAN 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)
  • 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).
  • 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

H & M RENTALS, INC. has sponsored the creation of one or more 401k plans.

Company Name:H & M RENTALS, INC.
Employer identification number (EIN):363885738
NAIC Classification:532400
NAIC Description: Commercial and Industrial Machinery and Equipment Rental and Leasing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan H & M RENTALS, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-04-01DONNA MAJCHER2023-09-19
0012021-04-01DONNA MAJCHER2023-01-05
0012020-04-01DONNA MAJCHER2022-01-06
0012019-04-01DONNA MAJCHER2021-01-14
0012019-04-01DONNA MAJCHER2021-01-14
0012018-04-01DONNA MAJCHER2020-01-14
0012017-04-01DONNA MAJCHER2019-01-09

Plan Statistics for H & M RENTALS, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for H & M RENTALS, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2023: H & M RENTALS, INC. CASH BALANCE PENSION PLAN 2023 401k membership
Market value of plan assets2023-03-31810,422
Acturial value of plan assets2023-03-31810,422
Funding target for retired participants and beneficiaries receiving payment2023-03-310
Number of terminated vested participants2023-03-310
Fundng target for terminated vested participants2023-03-310
Active participant vested funding target2023-03-31723,206
Number of active participants2023-03-313
Total funding liabilities for active participants2023-03-31723,206
Total participant count2023-03-313
Total funding target for all participants2023-03-31723,206
Balance at beginning of prior year after applicable adjustments2023-03-310
Prefunding balance at beginning of prior year after applicable adjustments2023-03-310
Carryover balanced portion elected for use to offset prior years funding requirement2023-03-310
Prefunding balanced used to offset prior years funding requirement2023-03-310
Amount remaining of carryover balance2023-03-310
Amount remaining of prefunding balance2023-03-310
Present value of excess contributions2023-03-31196,291
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-03-31196,291
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-03-310
Reductions in caryover balances due to elections or deemed elections2023-03-310
Reductions in prefunding balances due to elections or deemed elections2023-03-310
Balance of carryovers at beginning of current year2023-03-310
Balance of prefunding at beginning of current year2023-03-310
Total employer contributions2023-03-310
Total employee contributions2023-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2023-03-310
Contributions made to avoid restrictions adjusted to valuation date2023-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-03-310
Liquidity shortfalls end of Q12023-03-310
Liquidity shortfalls end of Q22023-03-310
Liquidity shortfalls end of Q32023-03-310
Liquidity shortfalls end of Q42023-03-310
Unpaid minimum required contributions for all prior years2023-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-03-310
Remaining amount of unpaid minimum required contributions2023-03-310
Minimum required contributions for current year target normal cost2023-03-310
Net shortfall amortization installment of oustanding balance2023-03-310
Waiver amortization installment2023-03-310
Total funding amount beforereflecting carryover/prefunding balances2023-03-310
Carryover balance elected to use to offset funding requirement2023-03-310
Prefunding balance elected to use to offset funding requirement2023-03-310
Additional cash requirement2023-03-310
Contributions allocatedtoward minimum required contributions for current year2023-03-310
Unpaid minimum required contributions for current year2023-03-310
Unpaid minimum required contributions for all years2023-03-310
2022: H & M RENTALS, INC. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets2022-03-31666,544
Acturial value of plan assets2022-03-31666,544
Funding target for retired participants and beneficiaries receiving payment2022-03-310
Number of terminated vested participants2022-03-310
Fundng target for terminated vested participants2022-03-310
Active participant vested funding target2022-03-31679,983
Number of active participants2022-03-313
Total funding liabilities for active participants2022-03-31679,983
Total participant count2022-03-313
Total funding target for all participants2022-03-31679,983
Balance at beginning of prior year after applicable adjustments2022-03-310
Prefunding balance at beginning of prior year after applicable adjustments2022-03-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-03-310
Prefunding balanced used to offset prior years funding requirement2022-03-310
Amount remaining of carryover balance2022-03-310
Amount remaining of prefunding balance2022-03-310
Present value of excess contributions2022-03-3122,920
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-03-3122,920
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-03-310
Reductions in caryover balances due to elections or deemed elections2022-03-310
Reductions in prefunding balances due to elections or deemed elections2022-03-310
Balance of carryovers at beginning of current year2022-03-310
Balance of prefunding at beginning of current year2022-03-310
Total employer contributions2022-03-31205,000
Total employee contributions2022-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-03-310
Contributions made to avoid restrictions adjusted to valuation date2022-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-03-31197,544
Unpaid minimum required contributions for all prior years2022-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-03-310
Remaining amount of unpaid minimum required contributions2022-03-310
Minimum required contributions for current year target normal cost2022-03-310
Net shortfall amortization installment of oustanding balance2022-03-3113,439
Waiver amortization installment2022-03-310
Total funding amount beforereflecting carryover/prefunding balances2022-03-311,253
Carryover balance elected to use to offset funding requirement2022-03-310
Prefunding balance elected to use to offset funding requirement2022-03-310
Additional cash requirement2022-03-311,253
Contributions allocatedtoward minimum required contributions for current year2022-03-31197,544
Unpaid minimum required contributions for current year2022-03-310
Unpaid minimum required contributions for all years2022-03-310
2021: H & M RENTALS, INC. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-03-31568,573
Acturial value of plan assets2021-03-31568,573
Funding target for retired participants and beneficiaries receiving payment2021-03-310
Number of terminated vested participants2021-03-310
Fundng target for terminated vested participants2021-03-310
Active participant vested funding target2021-03-31479,468
Number of active participants2021-03-313
Total funding liabilities for active participants2021-03-31479,468
Total participant count2021-03-313
Total funding target for all participants2021-03-31479,468
Balance at beginning of prior year after applicable adjustments2021-03-310
Prefunding balance at beginning of prior year after applicable adjustments2021-03-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-03-310
Prefunding balanced used to offset prior years funding requirement2021-03-310
Amount remaining of carryover balance2021-03-310
Amount remaining of prefunding balance2021-03-310
Present value of excess contributions2021-03-31296
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-03-31296
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-03-310
Reductions in caryover balances due to elections or deemed elections2021-03-310
Reductions in prefunding balances due to elections or deemed elections2021-03-310
Balance of carryovers at beginning of current year2021-03-310
Balance of prefunding at beginning of current year2021-03-310
Total employer contributions2021-03-31100,000
Total employee contributions2021-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-03-310
Contributions made to avoid restrictions adjusted to valuation date2021-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-03-3193,815
Liquidity shortfalls end of Q12021-03-310
Liquidity shortfalls end of Q22021-03-310
Liquidity shortfalls end of Q32021-03-310
Liquidity shortfalls end of Q42021-03-310
Unpaid minimum required contributions for all prior years2021-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-03-310
Remaining amount of unpaid minimum required contributions2021-03-310
Minimum required contributions for current year target normal cost2021-03-31160,000
Net shortfall amortization installment of oustanding balance2021-03-310
Waiver amortization installment2021-03-310
Total funding amount beforereflecting carryover/prefunding balances2021-03-3170,895
Carryover balance elected to use to offset funding requirement2021-03-310
Prefunding balance elected to use to offset funding requirement2021-03-310
Additional cash requirement2021-03-3170,895
Contributions allocatedtoward minimum required contributions for current year2021-03-3193,815
Unpaid minimum required contributions for current year2021-03-310
Unpaid minimum required contributions for all years2021-03-310
2020: H & M RENTALS, INC. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-03-31252,967
Acturial value of plan assets2020-03-31252,967
Funding target for retired participants and beneficiaries receiving payment2020-03-310
Number of terminated vested participants2020-03-310
Fundng target for terminated vested participants2020-03-310
Active participant vested funding target2020-03-31297,820
Number of active participants2020-03-313
Total funding liabilities for active participants2020-03-31297,820
Total participant count2020-03-313
Total funding target for all participants2020-03-31297,820
Balance at beginning of prior year after applicable adjustments2020-03-310
Prefunding balance at beginning of prior year after applicable adjustments2020-03-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-03-310
Prefunding balanced used to offset prior years funding requirement2020-03-310
Amount remaining of carryover balance2020-03-310
Amount remaining of prefunding balance2020-03-310
Present value of excess contributions2020-03-31435
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-03-31435
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-03-310
Reductions in caryover balances due to elections or deemed elections2020-03-310
Reductions in prefunding balances due to elections or deemed elections2020-03-310
Balance of carryovers at beginning of current year2020-03-310
Balance of prefunding at beginning of current year2020-03-310
Total employer contributions2020-03-31171,175
Total employee contributions2020-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-03-310
Contributions made to avoid restrictions adjusted to valuation date2020-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-03-31169,401
Unpaid minimum required contributions for all prior years2020-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-03-310
Remaining amount of unpaid minimum required contributions2020-03-310
Minimum required contributions for current year target normal cost2020-03-31161,817
Net shortfall amortization installment of oustanding balance2020-03-3144,853
Waiver amortization installment2020-03-310
Total funding amount beforereflecting carryover/prefunding balances2020-03-31169,105
Carryover balance elected to use to offset funding requirement2020-03-310
Prefunding balance elected to use to offset funding requirement2020-03-310
Additional cash requirement2020-03-31169,105
Contributions allocatedtoward minimum required contributions for current year2020-03-31169,401
Unpaid minimum required contributions for current year2020-03-310
Unpaid minimum required contributions for all years2020-03-310
2019: H & M RENTALS, INC. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-03-31190,188
Acturial value of plan assets2019-03-31190,188
Funding target for retired participants and beneficiaries receiving payment2019-03-310
Number of terminated vested participants2019-03-310
Fundng target for terminated vested participants2019-03-310
Active participant vested funding target2019-03-31162,194
Number of active participants2019-03-313
Total funding liabilities for active participants2019-03-31162,194
Total participant count2019-03-313
Total funding target for all participants2019-03-31162,194
Balance at beginning of prior year after applicable adjustments2019-03-310
Prefunding balance at beginning of prior year after applicable adjustments2019-03-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-03-310
Prefunding balanced used to offset prior years funding requirement2019-03-310
Amount remaining of carryover balance2019-03-310
Amount remaining of prefunding balance2019-03-310
Present value of excess contributions2019-03-3122,929
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-03-3122,929
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-03-310
Reductions in caryover balances due to elections or deemed elections2019-03-310
Reductions in prefunding balances due to elections or deemed elections2019-03-310
Balance of carryovers at beginning of current year2019-03-310
Balance of prefunding at beginning of current year2019-03-310
Total employer contributions2019-03-3192,000
Total employee contributions2019-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-03-310
Contributions made to avoid restrictions adjusted to valuation date2019-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-03-3188,893
Unpaid minimum required contributions for all prior years2019-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-03-310
Remaining amount of unpaid minimum required contributions2019-03-310
Minimum required contributions for current year target normal cost2019-03-31116,452
Net shortfall amortization installment of oustanding balance2019-03-310
Waiver amortization installment2019-03-310
Total funding amount beforereflecting carryover/prefunding balances2019-03-3188,458
Carryover balance elected to use to offset funding requirement2019-03-310
Prefunding balance elected to use to offset funding requirement2019-03-310
Additional cash requirement2019-03-3188,458
Contributions allocatedtoward minimum required contributions for current year2019-03-3188,893
Unpaid minimum required contributions for current year2019-03-310
Unpaid minimum required contributions for all years2019-03-310
2018: H & M RENTALS, INC. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-03-310
Acturial value of plan assets2018-03-310
Funding target for retired participants and beneficiaries receiving payment2018-03-310
Number of terminated vested participants2018-03-310
Fundng target for terminated vested participants2018-03-310
Active participant vested funding target2018-03-310
Number of active participants2018-03-313
Total funding liabilities for active participants2018-03-310
Total participant count2018-03-313
Total funding target for all participants2018-03-310
Balance at beginning of prior year after applicable adjustments2018-03-310
Prefunding balance at beginning of prior year after applicable adjustments2018-03-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-03-310
Prefunding balanced used to offset prior years funding requirement2018-03-310
Amount remaining of carryover balance2018-03-310
Amount remaining of prefunding balance2018-03-310
Present value of excess contributions2018-03-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-03-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-03-310
Reductions in caryover balances due to elections or deemed elections2018-03-310
Reductions in prefunding balances due to elections or deemed elections2018-03-310
Balance of carryovers at beginning of current year2018-03-310
Balance of prefunding at beginning of current year2018-03-310
Total employer contributions2018-03-31180,000
Total employee contributions2018-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-03-310
Contributions made to avoid restrictions adjusted to valuation date2018-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-03-31173,773
Unpaid minimum required contributions for all prior years2018-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-03-310
Remaining amount of unpaid minimum required contributions2018-03-310
Minimum required contributions for current year target normal cost2018-03-31150,844
Net shortfall amortization installment of oustanding balance2018-03-310
Waiver amortization installment2018-03-310
Total funding amount beforereflecting carryover/prefunding balances2018-03-31150,844
Carryover balance elected to use to offset funding requirement2018-03-310
Prefunding balance elected to use to offset funding requirement2018-03-310
Additional cash requirement2018-03-31150,844
Contributions allocatedtoward minimum required contributions for current year2018-03-31173,773
Unpaid minimum required contributions for current year2018-03-310
Unpaid minimum required contributions for all years2018-03-310

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