401k Plan data: ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN plan

ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN 401k Plan overview

Plan Name	ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN
Plan identification number	001

ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN Benefits

401k Plan Type

Defined 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).

401k Sponsoring company profile

ECONOMIC DEVELOPMENT INCENTIVES, INC. has sponsored the creation of one or more 401k plans.

Company Name: ECONOMIC DEVELOPMENT INCENTIVES, INC.

Employer identification number (EIN): 461820352

NAIC Classification: 541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 ROBERT DORFMAN 2018-10-05
001 2016-01-01
001 2015-01-01 ROBERT DORFMAN 2016-10-14
001 2014-01-01 ROBERT DORFMAN 2015-07-28

Plan Statistics for ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN

401k plan membership statisitcs for ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN

Measure Date Value
2020: ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets 2020-12-31 918,009
Acturial value of plan assets 2020-12-31 918,009
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 2020-12-31 929,548
Number of active participants 2020-12-31 2
Total funding liabilities for active participants 2020-12-31 929,458
Total participant count 2020-12-31 2
Total funding target for all participants 2020-12-31 929,458
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 2,494
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 2,494
Present value of excess contributions 2020-12-31 26,978
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 26,978
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 26,978
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 29,860
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 0
Net shortfall amortization installment of oustanding balance 2020-12-31 42,486
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 6,881
Prefunding balance elected to use to offset funding requirement 2020-12-31 6,881
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets 2019-12-31 751,046
Acturial value of plan assets 2019-12-31 751,049
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 2019-12-31 724,616
Number of active participants 2019-12-31 2
Total funding liabilities for active participants 2019-12-31 724,616
Total participant count 2019-12-31 2
Total funding target for all participants 2019-12-31 724,616
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 15,703
Prefunding balanced used to offset prior years funding requirement 2019-12-31 13,051
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 2,652
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 2,494
Total employer contributions 2019-12-31 168,500
Total employee contributions 2019-12-31 173,635
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 173,634
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 170,500
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 146,657
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 0
Additional cash requirement 2019-12-31 146,657
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 173,634
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets 2018-12-31 433,277
Acturial value of plan assets 2018-12-31 433,277
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 0
Fundng target for terminated vested participants 2018-12-31 0
Active participant vested funding target 2018-12-31 487,879
Number of active participants 2018-12-31 2
Total funding liabilities for active participants 2018-12-31 487,879
Total participant count 2018-12-31 2
Total funding target for all participants 2018-12-31 487,879
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 20,187
Prefunding balanced used to offset prior years funding requirement 2018-12-31 5,280
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 14,907
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 15,703
Total employer contributions 2018-12-31 210,000
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 211,500
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 211,500
Net shortfall amortization installment of oustanding balance 2018-12-31 70,921
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 224,808
Prefunding balance elected to use to offset funding requirement 2018-12-31 13,563
Additional cash requirement 2018-12-31 211,245
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 211,500
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets 2017-12-31 474,805
Acturial value of plan assets 2017-12-31 474,805
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 0
Fundng target for terminated vested participants 2017-12-31 0
Active participant vested funding target 2017-12-31 474,402
Number of active participants 2017-12-31 2
Total funding liabilities for active participants 2017-12-31 474,402
Total participant count 2017-12-31 2
Total funding target for all participants 2017-12-31 474,402
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 18,251
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 18,251
Present value of excess contributions 2017-12-31 1,279
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 1,279
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 1,279
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 20,187
Total employer contributions 2017-12-31 0
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 0
Liquidity shortfalls end of Q1 2017-12-31 0
Liquidity shortfalls end of Q2 2017-12-31 0
Liquidity shortfalls end of Q3 2017-12-31 0
Liquidity shortfalls end of Q4 2017-12-31 0
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 1,014
Net shortfall amortization installment of oustanding balance 2017-12-31 20,624
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 5,500
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 5,500
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets 2016-12-31 452,642
Acturial value of plan assets 2016-12-31 452,642
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 0
Fundng target for terminated vested participants 2016-12-31 0
Active participant vested funding target 2016-12-31 460,998
Number of active participants 2016-12-31 2
Total funding liabilities for active participants 2016-12-31 460,998
Total participant count 2016-12-31 2
Total funding target for all participants 2016-12-31 460,998
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 2,528
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 2,528
Present value of excess contributions 2016-12-31 15,787
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 15,787
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 15,787
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 18,251
Total employer contributions 2016-12-31 8,336
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 8,098
Liquidity shortfalls end of Q1 2016-12-31 0
Liquidity shortfalls end of Q2 2016-12-31 0
Liquidity shortfalls end of Q3 2016-12-31 0
Liquidity shortfalls end of Q4 2016-12-31 0
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 1,809
Net shortfall amortization installment of oustanding balance 2016-12-31 27,416
Waiver amortization installment 2016-12-31 0
Waived amount of outstanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 6,819
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 6,819
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 8,098
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2020: ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets	2020-12-31	918,009
Acturial value of plan assets	2020-12-31	918,009
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	929,548
Number of active participants	2020-12-31	2
Total funding liabilities for active participants	2020-12-31	929,458
Total participant count	2020-12-31	2
Total funding target for all participants	2020-12-31	929,458
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	2,494
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	2,494
Present value of excess contributions	2020-12-31	26,978
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	26,978
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	26,978
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	29,860
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	0
Net shortfall amortization installment of oustanding balance	2020-12-31	42,486
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	6,881
Prefunding balance elected to use to offset funding requirement	2020-12-31	6,881
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets	2019-12-31	751,046
Acturial value of plan assets	2019-12-31	751,049
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	724,616
Number of active participants	2019-12-31	2
Total funding liabilities for active participants	2019-12-31	724,616
Total participant count	2019-12-31	2
Total funding target for all participants	2019-12-31	724,616
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	15,703
Prefunding balanced used to offset prior years funding requirement	2019-12-31	13,051
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	2,652
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	2,494
Total employer contributions	2019-12-31	168,500
Total employee contributions	2019-12-31	173,635
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	173,634
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	170,500
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	146,657
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	0
Additional cash requirement	2019-12-31	146,657
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	173,634
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets	2018-12-31	433,277
Acturial value of plan assets	2018-12-31	433,277
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	0
Fundng target for terminated vested participants	2018-12-31	0
Active participant vested funding target	2018-12-31	487,879
Number of active participants	2018-12-31	2
Total funding liabilities for active participants	2018-12-31	487,879
Total participant count	2018-12-31	2
Total funding target for all participants	2018-12-31	487,879
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	20,187
Prefunding balanced used to offset prior years funding requirement	2018-12-31	5,280
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	14,907
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	15,703
Total employer contributions	2018-12-31	210,000
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	211,500
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	211,500
Net shortfall amortization installment of oustanding balance	2018-12-31	70,921
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	224,808
Prefunding balance elected to use to offset funding requirement	2018-12-31	13,563
Additional cash requirement	2018-12-31	211,245
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	211,500
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets	2017-12-31	474,805
Acturial value of plan assets	2017-12-31	474,805
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	0
Fundng target for terminated vested participants	2017-12-31	0
Active participant vested funding target	2017-12-31	474,402
Number of active participants	2017-12-31	2
Total funding liabilities for active participants	2017-12-31	474,402
Total participant count	2017-12-31	2
Total funding target for all participants	2017-12-31	474,402
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	18,251
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	18,251
Present value of excess contributions	2017-12-31	1,279
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	1,279
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	1,279
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	20,187
Total employer contributions	2017-12-31	0
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	0
Liquidity shortfalls end of Q1	2017-12-31	0
Liquidity shortfalls end of Q2	2017-12-31	0
Liquidity shortfalls end of Q3	2017-12-31	0
Liquidity shortfalls end of Q4	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	1,014
Net shortfall amortization installment of oustanding balance	2017-12-31	20,624
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	5,500
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	5,500
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: ECONOMIC DEVELOPMENT INCENTIVES, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	452,642
Acturial value of plan assets	2016-12-31	452,642
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	0
Fundng target for terminated vested participants	2016-12-31	0
Active participant vested funding target	2016-12-31	460,998
Number of active participants	2016-12-31	2
Total funding liabilities for active participants	2016-12-31	460,998
Total participant count	2016-12-31	2
Total funding target for all participants	2016-12-31	460,998
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	2,528
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	2,528
Present value of excess contributions	2016-12-31	15,787
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	15,787
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	15,787
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	18,251
Total employer contributions	2016-12-31	8,336
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	8,098
Liquidity shortfalls end of Q1	2016-12-31	0
Liquidity shortfalls end of Q2	2016-12-31	0
Liquidity shortfalls end of Q3	2016-12-31	0
Liquidity shortfalls end of Q4	2016-12-31	0
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	1,809
Net shortfall amortization installment of oustanding balance	2016-12-31	27,416
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	6,819
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	6,819
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	8,098
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	ECONOMIC DEVELOPMENT INCENTIVES, INC.
Employer identification number (EIN):	461820352
NAIC Classification:	541600

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2021-01-01
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2017-01-01	ROBERT DORFMAN	2018-10-05
001	2016-01-01
001	2015-01-01	ROBERT DORFMAN	2016-10-14
001	2014-01-01	ROBERT DORFMAN	2015-07-28