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| Plan Name | BEST HOME DECORATORS, INC. PENSION PLAN |
| Plan identification number | 001 |
| 401k Plan Type | Defined Benefit Pension |
| Plan Features/Benefits |
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| Company Name: | BEST HOME DECORATORS, INC. |
| Employer identification number (EIN): | 383863456 |
| NAIC Classification: | 442110 |
| NAIC Description: | Furniture Stores |
Additional information about BEST HOME DECORATORS, INC.
| Jurisdiction of Incorporation: | New York Department of State |
| Incorporation Date: | 2012-01-05 |
| Company Identification Number: | 4184636 |
| Legal Registered Office Address: |
140 58TH ST BLDG B-6A BROOKLYN United States of America (USA) 11220 |
More information about BEST HOME DECORATORS, INC.
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|---|---|---|---|---|
| 001 | 2023-01-01 | ||||
| 001 | 2022-01-01 | ||||
| 001 | 2021-01-01 | ||||
| 001 | 2020-01-01 | ||||
| 001 | 2019-01-01 |
| Measure | Date | Value |
|---|---|---|
| 2022: BEST HOME DECORATORS, INC. PENSION PLAN 2022 401k membership | ||
| Market value of plan assets | 2022-12-31 | 621,032 |
| Acturial value of plan assets | 2022-12-31 | 621,032 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 0 |
| Number of terminated vested participants | 2022-12-31 | 0 |
| Fundng target for terminated vested participants | 2022-12-31 | 0 |
| Active participant vested funding target | 2022-12-31 | 489,422 |
| Number of active participants | 2022-12-31 | 9 |
| Total funding liabilities for active participants | 2022-12-31 | 568,074 |
| Total participant count | 2022-12-31 | 9 |
| Total funding target for all participants | 2022-12-31 | 568,074 |
| Present value of excess contributions | 2022-12-31 | 55,341 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 58,130 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
| 2021: BEST HOME DECORATORS, INC. PENSION PLAN 2021 401k membership | ||
| Market value of plan assets | 2021-12-31 | 473,500 |
| Acturial value of plan assets | 2021-12-31 | 473,500 |
| Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 0 |
| Number of terminated vested participants | 2021-12-31 | 0 |
| Fundng target for terminated vested participants | 2021-12-31 | 0 |
| Active participant vested funding target | 2021-12-31 | 346,450 |
| Number of active participants | 2021-12-31 | 9 |
| Total funding liabilities for active participants | 2021-12-31 | 582,381 |
| Total participant count | 2021-12-31 | 9 |
| Total funding target for all participants | 2021-12-31 | 582,381 |
| Present value of excess contributions | 2021-12-31 | 36,971 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 39,001 |
| Reductions in prefunding balances due to elections or deemed elections | 2021-12-31 | 0 |
| Total employer contributions | 2021-12-31 | 200,000 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 186,045 |
| Minimum required contributions for current year target normal cost | 2021-12-31 | 113,242 |
| Net shortfall amortization installment of oustanding balance | 2021-12-31 | 108,881 |
| Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 130,704 |
| Additional cash requirement | 2021-12-31 | 130,704 |
| Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 186,045 |
| 2020: BEST HOME DECORATORS, INC. PENSION PLAN 2020 401k membership | ||
| Market value of plan assets | 2020-12-31 | 415,000 |
| Acturial value of plan assets | 2020-12-31 | 415,000 |
| Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 0 |
| Number of terminated vested participants | 2020-12-31 | 0 |
| Fundng target for terminated vested participants | 2020-12-31 | 0 |
| Active participant vested funding target | 2020-12-31 | 158,155 |
| Number of active participants | 2020-12-31 | 6 |
| Total funding liabilities for active participants | 2020-12-31 | 395,388 |
| Total participant count | 2020-12-31 | 6 |
| Total funding target for all participants | 2020-12-31 | 395,388 |
| Present value of excess contributions | 2020-12-31 | 28,809 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 30,445 |
| Reductions in prefunding balances due to elections or deemed elections | 2020-12-31 | 0 |
| Total employer contributions | 2020-12-31 | 58,500 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 52,806 |
| Minimum required contributions for current year target normal cost | 2020-12-31 | 35,447 |
| Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 15,835 |
| Additional cash requirement | 2020-12-31 | 15,835 |
| Contributions allocatedtoward minimum required contributions for current year | 2020-12-31 | 52,806 |
| 2019: BEST HOME DECORATORS, INC. PENSION PLAN 2019 401k membership | ||
| Market value of plan assets | 2019-12-31 | 165,000 |
| Acturial value of plan assets | 2019-12-31 | 165,000 |
| Funding target for retired participants and beneficiaries receiving payment | 2019-12-31 | 0 |
| Number of terminated vested participants | 2019-12-31 | 0 |
| Fundng target for terminated vested participants | 2019-12-31 | 0 |
| Active participant vested funding target | 2019-12-31 | 68,873 |
| Number of active participants | 2019-12-31 | 6 |
| Total funding liabilities for active participants | 2019-12-31 | 344,365 |
| Total participant count | 2019-12-31 | 6 |
| Total funding target for all participants | 2019-12-31 | 344,365 |
| Present value of excess contributions | 2019-12-31 | 36,760 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-12-31 | 38,896 |
| Reductions in prefunding balances due to elections or deemed elections | 2019-12-31 | 0 |
| Total employer contributions | 2019-12-31 | 250,000 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-12-31 | 230,136 |
| Minimum required contributions for current year target normal cost | 2019-12-31 | 172,182 |
| Net shortfall amortization installment of oustanding balance | 2019-12-31 | 179,365 |
| Total funding amount beforereflecting carryover/prefunding balances | 2019-12-31 | 201,327 |
| Additional cash requirement | 2019-12-31 | 201,327 |
| Contributions allocatedtoward minimum required contributions for current year | 2019-12-31 | 230,136 |
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