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ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST 401k Plan overview

Plan NameELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST
Plan identification number 003

ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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.
  • Life insurance

401k Sponsoring company profile

ELECTRONIC MERCHANTS SYSTEMS INC has sponsored the creation of one or more 401k plans.

Company Name:ELECTRONIC MERCHANTS SYSTEMS INC
Employer identification number (EIN):510311403
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032019-12-31JEFFREY GEHRS2020-06-06
0032018-12-31JEFFREY GEHRS2020-06-06
0032017-12-31JEFFREY GEHRS2019-07-24
0032016-12-31JEFFREY GEHRS2018-05-18
0032015-12-31JEFFREY GEHRS2017-04-07
0032014-12-31JEFFREY GEHRS2016-06-29
0032013-12-31JEFFREY GEHRS2015-07-15
0032012-12-31JEFFREY C GEHRS2014-04-21
0032011-12-31JEFFREY GEHRS2013-03-12
0032010-12-31JEFFREY C GEHRS
0032009-12-31JEFFREY C GEHRS
0032008-12-31

Plan Statistics for ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST

401k plan membership statisitcs for ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST

Measure Date Value
2019: ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-12-302,891,719
Acturial value of plan assets2019-12-302,891,719
Funding target for retired participants and beneficiaries receiving payment2019-12-300
Number of terminated vested participants2019-12-302
Fundng target for terminated vested participants2019-12-3010,283
Active participant vested funding target2019-12-302,162,876
Number of active participants2019-12-306
Total funding liabilities for active participants2019-12-302,187,103
Total participant count2019-12-308
Total funding target for all participants2019-12-302,197,386
Balance at beginning of prior year after applicable adjustments2019-12-300
Prefunding balance at beginning of prior year after applicable adjustments2019-12-30211,607
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-300
Prefunding balanced used to offset prior years funding requirement2019-12-300
Amount remaining of carryover balance2019-12-300
Amount remaining of prefunding balance2019-12-30211,607
Present value of excess contributions2019-12-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-300
Reductions in caryover balances due to elections or deemed elections2019-12-300
Reductions in prefunding balances due to elections or deemed elections2019-12-300
Balance of carryovers at beginning of current year2019-12-300
Balance of prefunding at beginning of current year2019-12-30220,537
Total employer contributions2019-12-300
Total employee contributions2019-12-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-300
Contributions made to avoid restrictions adjusted to valuation date2019-12-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-300
Unpaid minimum required contributions for all prior years2019-12-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-300
Remaining amount of unpaid minimum required contributions2019-12-300
Minimum required contributions for current year target normal cost2019-12-302
Net shortfall amortization installment of oustanding balance2019-12-300
Waiver amortization installment2019-12-300
Total funding amount beforereflecting carryover/prefunding balances2019-12-300
Carryover balance elected to use to offset funding requirement2019-12-300
Prefunding balance elected to use to offset funding requirement2019-12-300
Additional cash requirement2019-12-300
Contributions allocatedtoward minimum required contributions for current year2019-12-300
Unpaid minimum required contributions for current year2019-12-300
Unpaid minimum required contributions for all years2019-12-300
2018: ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-12-303,041,874
Acturial value of plan assets2018-12-303,041,874
Funding target for retired participants and beneficiaries receiving payment2018-12-300
Number of terminated vested participants2018-12-304
Fundng target for terminated vested participants2018-12-30116,935
Active participant vested funding target2018-12-302,023,014
Number of active participants2018-12-307
Total funding liabilities for active participants2018-12-302,060,153
Total participant count2018-12-3011
Total funding target for all participants2018-12-302,177,088
Balance at beginning of prior year after applicable adjustments2018-12-300
Prefunding balance at beginning of prior year after applicable adjustments2018-12-30201,646
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-300
Prefunding balanced used to offset prior years funding requirement2018-12-300
Amount remaining of carryover balance2018-12-300
Amount remaining of prefunding balance2018-12-30201,646
Present value of excess contributions2018-12-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-300
Reductions in caryover balances due to elections or deemed elections2018-12-300
Reductions in prefunding balances due to elections or deemed elections2018-12-300
Balance of carryovers at beginning of current year2018-12-300
Balance of prefunding at beginning of current year2018-12-30211,607
Total employer contributions2018-12-300
Total employee contributions2018-12-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-300
Contributions made to avoid restrictions adjusted to valuation date2018-12-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-300
Unpaid minimum required contributions for all prior years2018-12-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-300
Remaining amount of unpaid minimum required contributions2018-12-300
Minimum required contributions for current year target normal cost2018-12-304
Net shortfall amortization installment of oustanding balance2018-12-300
Waiver amortization installment2018-12-300
Total funding amount beforereflecting carryover/prefunding balances2018-12-300
Carryover balance elected to use to offset funding requirement2018-12-300
Prefunding balance elected to use to offset funding requirement2018-12-300
Additional cash requirement2018-12-300
Contributions allocatedtoward minimum required contributions for current year2018-12-300
Unpaid minimum required contributions for current year2018-12-300
Unpaid minimum required contributions for all years2018-12-300
2017: ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-12-302,961,922
Acturial value of plan assets2017-12-302,961,922
Funding target for retired participants and beneficiaries receiving payment2017-12-300
Number of terminated vested participants2017-12-307
Fundng target for terminated vested participants2017-12-30147,092
Active participant vested funding target2017-12-301,889,308
Number of active participants2017-12-307
Total funding liabilities for active participants2017-12-301,930,457
Total participant count2017-12-3014
Total funding target for all participants2017-12-302,077,549
Balance at beginning of prior year after applicable adjustments2017-12-300
Prefunding balance at beginning of prior year after applicable adjustments2017-12-30198,980
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-300
Prefunding balanced used to offset prior years funding requirement2017-12-300
Amount remaining of carryover balance2017-12-300
Amount remaining of prefunding balance2017-12-30198,980
Present value of excess contributions2017-12-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-300
Reductions in caryover balances due to elections or deemed elections2017-12-300
Reductions in prefunding balances due to elections or deemed elections2017-12-300
Balance of carryovers at beginning of current year2017-12-300
Balance of prefunding at beginning of current year2017-12-30201,646
Total employer contributions2017-12-300
Total employee contributions2017-12-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-300
Contributions made to avoid restrictions adjusted to valuation date2017-12-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-300
Unpaid minimum required contributions for all prior years2017-12-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-300
Remaining amount of unpaid minimum required contributions2017-12-300
Minimum required contributions for current year target normal cost2017-12-305
Net shortfall amortization installment of oustanding balance2017-12-300
Waiver amortization installment2017-12-300
Total funding amount beforereflecting carryover/prefunding balances2017-12-300
Carryover balance elected to use to offset funding requirement2017-12-300
Prefunding balance elected to use to offset funding requirement2017-12-300
Additional cash requirement2017-12-300
Contributions allocatedtoward minimum required contributions for current year2017-12-300
Unpaid minimum required contributions for current year2017-12-300
Unpaid minimum required contributions for all years2017-12-300
2010: ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year2010-12-3123
Total number of active participants reported on line 7a of the Form 55002010-12-3118
Number of retired or separated participants receiving benefits2010-12-310
Number of other retired or separated participants entitled to future benefits2010-12-314
Total of all active and inactive participants2010-12-3122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-12-310
Total participants2010-12-3122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-12-313
2009: ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-12-3121
Total number of active participants reported on line 7a of the Form 55002009-12-3117
Number of retired or separated participants receiving benefits2009-12-310
Number of other retired or separated participants entitled to future benefits2009-12-314
Total of all active and inactive participants2009-12-3121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-12-310
Total participants2009-12-3121
Number of participants with account balances2009-12-310
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-12-311

Financial Data on ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST

Measure Date Value
2011 : ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST 2011 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-30$0
2010 : ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST 2010 401k financial data
Aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers2010-12-300
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-30$0

Form 5500 Responses for ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST

2010: ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST 2010 form 5500 responses
2010-12-31Type of plan entitySingle employer plan
2010-12-31Submission has been amendedNo
2010-12-31This submission is the final filingNo
2010-12-31This return/report is a short plan year return/report (less than 12 months)No
2010-12-31Plan is a collectively bargained planNo
2010-12-31Plan funding arrangement – Section 412(e)(3) insurance ContractsYes
2010-12-31Plan benefit arrangement – Section 412(e)(3) insurance ContractsYes
2009: ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST 2009 form 5500 responses
2009-12-31Type of plan entitySingle employer plan
2009-12-31Submission has been amendedNo
2009-12-31This submission is the final filingNo
2009-12-31This return/report is a short plan year return/report (less than 12 months)No
2009-12-31Plan is a collectively bargained planNo
2009-12-31Plan funding arrangement – Section 412(e)(3) insurance ContractsYes
2009-12-31Plan benefit arrangement – Section 412(e)(3) insurance ContractsYes
2008: ELECTRONIC MERCHANT SYSTEMS INC DEFINED BENEFIT PLAN AND TRUST 2008 form 5500 responses
2008-12-31Type of plan entitySingle employer plan
2008-12-31Submission has been amendedNo
2008-12-31This submission is the final filingNo
2008-12-31This return/report is a short plan year return/report (less than 12 months)No
2008-12-31Plan is a collectively bargained planNo

Insurance Providers Used on plan

LIFE INSURANCE COMPANY OF THE SOUTHWEST (National Association of Insurance Commissioners NAIC id number: 65528 )
Policy contract number33509
Policy instance 1
Insurance contract or identification number33509
Number of Individuals Covered22
Insurance policy start date2010-12-31
Insurance policy end date2011-12-30
Total amount of commissions paid to insurance brokerUSD $6,750
Total amount of fees paid to insurance companyUSD $14
Are there contracts with allocated funds for individual policies?Yes
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66680 )
Policy contract number33509
Policy instance 2
Insurance contract or identification number33509
Number of Individuals Covered22
Insurance policy start date2010-12-31
Insurance policy end date2011-12-30
Total amount of commissions paid to insurance brokerUSD $17,959
Total amount of fees paid to insurance companyUSD $3,771
Are there contracts with allocated funds for individual policies?Yes
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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