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PARK AVENUE LUXURY LIMOSINE, INC. CASH BALANCE PLAN 401k Plan overview

Plan NamePARK AVENUE LUXURY LIMOSINE, INC. CASH BALANCE PLAN
Plan identification number 001

PARK AVENUE LUXURY LIMOSINE, INC. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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).

401k Sponsoring company profile

PARK AVENUE LUXURY LIMOSINE, INC. has sponsored the creation of one or more 401k plans.

Company Name:PARK AVENUE LUXURY LIMOSINE, INC.
Employer identification number (EIN):521553430
NAIC Classification:485320
NAIC Description:Limousine Service

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PARK AVENUE LUXURY LIMOSINE, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01

Plan Statistics for PARK AVENUE LUXURY LIMOSINE, INC. CASH BALANCE PLAN

401k plan membership statisitcs for PARK AVENUE LUXURY LIMOSINE, INC. CASH BALANCE PLAN

Measure Date Value
2022: PARK AVENUE LUXURY LIMOSINE, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-311,980,736
Acturial value of plan assets2022-12-311,980,736
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-3116
Fundng target for terminated vested participants2022-12-3175,117
Active participant vested funding target2022-12-312,223,712
Number of active participants2022-12-3128
Total funding liabilities for active participants2022-12-312,223,712
Total participant count2022-12-3144
Total funding target for all participants2022-12-312,298,829
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3162,767
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-3143,956
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-3118,811
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-3121,401
Total employer contributions2022-12-31350,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31341,957
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-31343,181
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3131,714
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-3131,714
Contributions allocatedtoward minimum required contributions for current year2022-12-31341,957
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: PARK AVENUE LUXURY LIMOSINE, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-311,965,049
Acturial value of plan assets2021-12-311,965,049
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-3117
Fundng target for terminated vested participants2021-12-3174,016
Active participant vested funding target2021-12-311,648,623
Number of active participants2021-12-3118
Total funding liabilities for active participants2021-12-311,648,623
Total participant count2021-12-3135
Total funding target for all participants2021-12-311,722,639
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31111,314
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-3154,076
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-3157,238
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-3162,767
Total employer contributions2021-12-31254,820
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31248,470
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31468,874
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31292,426
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-3143,956
Additional cash requirement2021-12-31248,470
Contributions allocatedtoward minimum required contributions for current year2021-12-31248,470
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: PARK AVENUE LUXURY LIMOSINE, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,533,391
Acturial value of plan assets2020-12-311,533,391
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-3117
Fundng target for terminated vested participants2020-12-3154,472
Active participant vested funding target2020-12-311,293,730
Number of active participants2020-12-3111
Total funding liabilities for active participants2020-12-311,293,730
Total participant count2020-12-3128
Total funding target for all participants2020-12-311,348,202
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3192,267
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-3192,267
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31109,991
Total employer contributions2020-12-31212,002
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31206,524
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31332,099
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31262,844
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-3156,320
Additional cash requirement2020-12-31206,524
Contributions allocatedtoward minimum required contributions for current year2020-12-31206,524
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: PARK AVENUE LUXURY LIMOSINE, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,398,347
Acturial value of plan assets2019-12-311,398,347
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-316
Fundng target for terminated vested participants2019-12-318,433
Active participant vested funding target2019-12-311,285,376
Number of active participants2019-12-3112
Total funding liabilities for active participants2019-12-311,285,376
Total participant count2019-12-3118
Total funding target for all participants2019-12-311,293,809
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3146,378
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 balance2019-12-3146,378
Present value of excess contributions2019-12-3147,624
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3147,624
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-3147,624
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 year2019-12-3192,267
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 cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
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: PARK AVENUE LUXURY LIMOSINE, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31988,654
Acturial value of plan assets2018-12-31988,654
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-316
Fundng target for terminated vested participants2018-12-317,884
Active participant vested funding target2018-12-311,101,399
Number of active participants2018-12-3112
Total funding liabilities for active participants2018-12-311,101,399
Total participant count2018-12-3118
Total funding target for all participants2018-12-311,109,283
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3139,433
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 balance2018-12-3139,433
Present value of excess contributions2018-12-311,905
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-311,905
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-311,905
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 year2018-12-3146,378
Total employer contributions2018-12-31415,668
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 date2018-12-31201,891
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 cost2018-12-31126,486
Net shortfall amortization installment of oustanding balance2018-12-31170,174
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31154,267
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31154,267
Contributions allocatedtoward minimum required contributions for current year2018-12-31201,891
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: PARK AVENUE LUXURY LIMOSINE, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31831,828
Acturial value of plan assets2017-12-31831,828
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-317
Fundng target for terminated vested participants2017-12-319,542
Active participant vested funding target2017-12-31733,975
Number of active participants2017-12-3111
Total funding liabilities for active participants2017-12-31733,975
Total participant count2017-12-3118
Total funding target for all participants2017-12-31743,517
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3152,617
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-3116,608
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-3136,009
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
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 year2017-12-3139,433
Total employer contributions2017-12-31190,046
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 date2017-12-31175,821
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
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 cost2017-12-31219,442
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31173,916
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31173,916
Contributions allocatedtoward minimum required contributions for current year2017-12-31175,821
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: PARK AVENUE LUXURY LIMOSINE, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31575,435
Acturial value of plan assets2016-12-31575,435
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-315
Fundng target for terminated vested participants2016-12-314,795
Active participant vested funding target2016-12-31526,904
Number of active participants2016-12-3110
Total funding liabilities for active participants2016-12-31526,904
Total participant count2016-12-3115
Total funding target for all participants2016-12-31531,699
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3129,338
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 balance2016-12-3129,338
Present value of excess contributions2016-12-3123,229
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3123,229
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3123,229
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 year2016-12-3152,617
Total employer contributions2016-12-31176,259
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 date2016-12-31162,797
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 cost2016-12-31177,420
Net shortfall amortization installment of oustanding balance2016-12-3112,012
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31179,405
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-3116,608
Additional cash requirement2016-12-31162,797
Contributions allocatedtoward minimum required contributions for current year2016-12-31162,797
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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