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THE NEWS GAZETTE CORPORATION RETIREMENT PLAN 401k Plan overview

Plan NameTHE NEWS GAZETTE CORPORATION RETIREMENT PLAN
Plan identification number 001

THE NEWS GAZETTE CORPORATION RETIREMENT PLAN 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).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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

THE NEWS GAZETTE CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:THE NEWS GAZETTE CORPORATION
Employer identification number (EIN):540717147
NAIC Classification:511110
NAIC Description:Newspaper Publishers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE NEWS GAZETTE CORPORATION RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-09-01MATTHEW W. PAXTON, IV2018-12-13 MATTHEW W PAXTON2018-12-13
0012016-09-01MATTHEW W. PAXTON, IV2018-02-12 MATTHEW W. PAXTON IV2018-02-12
0012015-09-01MATTHEW W. PAXTON, IV2017-06-14
0012014-09-01MATTHEW W. PAXTON, IV2016-03-22 MATTHEW W. PAXTON IV2016-03-22
0012013-09-01MATTHEW W. PAXTON, IV2014-11-17
0012012-09-01MATTHEW W. PAXTON, IV2013-12-03
0012011-09-01MATTHEW W. PAXTON, IV2012-11-29 MATTHEW W. PAXTON, IV2012-11-29
0012010-09-01MATTHEW W. PAXTON, IV2011-12-21
0012009-09-01MATTHEW W. PAXTON, IV
0012009-09-01MATTHEW W. PAXTON, IV

Plan Statistics for THE NEWS GAZETTE CORPORATION RETIREMENT PLAN

401k plan membership statisitcs for THE NEWS GAZETTE CORPORATION RETIREMENT PLAN

Measure Date Value
2018: THE NEWS GAZETTE CORPORATION RETIREMENT PLAN 2018 401k membership
Market value of plan assets2018-08-31942,181
Acturial value of plan assets2018-08-31942,181
Funding target for retired participants and beneficiaries receiving payment2018-08-31127,637
Number of terminated vested participants2018-08-3117
Fundng target for terminated vested participants2018-08-31369,301
Active participant vested funding target2018-08-31411,534
Number of active participants2018-08-316
Total funding liabilities for active participants2018-08-31411,534
Total participant count2018-08-3125
Total funding target for all participants2018-08-31908,472
Balance at beginning of prior year after applicable adjustments2018-08-310
Prefunding balance at beginning of prior year after applicable adjustments2018-08-318
Carryover balanced portion elected for use to offset prior years funding requirement2018-08-310
Prefunding balanced used to offset prior years funding requirement2018-08-310
Amount remaining of carryover balance2018-08-310
Amount remaining of prefunding balance2018-08-318
Present value of excess contributions2018-08-31155,616
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-08-31165,233
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-08-310
Reductions in caryover balances due to elections or deemed elections2018-08-310
Reductions in prefunding balances due to elections or deemed elections2018-08-310
Balance of carryovers at beginning of current year2018-08-310
Balance of prefunding at beginning of current year2018-08-319
Total employer contributions2018-08-3135,000
Total employee contributions2018-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-08-310
Contributions made to avoid restrictions adjusted to valuation date2018-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-08-3133,089
Liquidity shortfalls end of Q12018-08-310
Liquidity shortfalls end of Q22018-08-310
Liquidity shortfalls end of Q32018-08-310
Liquidity shortfalls end of Q42018-08-310
Unpaid minimum required contributions for all prior years2018-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-08-310
Remaining amount of unpaid minimum required contributions2018-08-310
Minimum required contributions for current year target normal cost2018-08-3117,954
Net shortfall amortization installment of oustanding balance2018-08-310
Waiver amortization installment2018-08-310
Total funding amount beforereflecting carryover/prefunding balances2018-08-310
Prefunding balance elected to use to offset funding requirement2018-08-310
Additional cash requirement2018-08-310
Contributions allocatedtoward minimum required contributions for current year2018-08-3133,089
Unpaid minimum required contributions for current year2018-08-310
Unpaid minimum required contributions for all years2018-08-310
2017: THE NEWS GAZETTE CORPORATION RETIREMENT PLAN 2017 401k membership
Market value of plan assets2017-08-31707,877
Acturial value of plan assets2017-08-31707,877
Funding target for retired participants and beneficiaries receiving payment2017-08-31130,538
Number of terminated vested participants2017-08-3118
Fundng target for terminated vested participants2017-08-31349,378
Active participant vested funding target2017-08-31376,097
Number of active participants2017-08-316
Total funding liabilities for active participants2017-08-31376,097
Total participant count2017-08-3126
Total funding target for all participants2017-08-31856,013
Balance at beginning of prior year after applicable adjustments2017-08-310
Prefunding balance at beginning of prior year after applicable adjustments2017-08-3118,183
Prefunding balanced used to offset prior years funding requirement2017-08-3118,176
Amount remaining of carryover balance2017-08-310
Amount remaining of prefunding balance2017-08-317
Present value of excess contributions2017-08-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-08-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-08-310
Reductions in caryover balances due to elections or deemed elections2017-08-310
Reductions in prefunding balances due to elections or deemed elections2017-08-310
Balance of carryovers at beginning of current year2017-08-310
Balance of prefunding at beginning of current year2017-08-318
Total employer contributions2017-08-31230,000
Total employee contributions2017-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-08-310
Contributions made to avoid restrictions adjusted to valuation date2017-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-08-31211,613
Liquidity shortfalls end of Q12017-08-310
Liquidity shortfalls end of Q22017-08-310
Liquidity shortfalls end of Q32017-08-310
Liquidity shortfalls end of Q42017-08-310
Unpaid minimum required contributions for all prior years2017-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-08-310
Remaining amount of unpaid minimum required contributions2017-08-310
Minimum required contributions for current year target normal cost2017-08-3129,582
Net shortfall amortization installment of oustanding balance2017-08-31148,144
Waiver amortization installment2017-08-310
Waived amount of outstanding balance2017-08-310
Total funding amount beforereflecting carryover/prefunding balances2017-08-3155,997
Carryover balance elected to use to offset funding requirement2017-08-310
Prefunding balance elected to use to offset funding requirement2017-08-310
Additional cash requirement2017-08-3155,997
Contributions allocatedtoward minimum required contributions for current year2017-08-31211,613
Unpaid minimum required contributions for current year2017-08-310
Unpaid minimum required contributions for all years2017-08-310
2009: THE NEWS GAZETTE CORPORATION RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-09-0147
Total number of active participants reported on line 7a of the Form 55002009-09-018
Number of retired or separated participants receiving benefits2009-09-012
Number of other retired or separated participants entitled to future benefits2009-09-0136
Total of all active and inactive participants2009-09-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-09-010
Total participants2009-09-0146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-09-010

Financial Data on THE NEWS GAZETTE CORPORATION RETIREMENT PLAN

Measure Date Value
2010 : THE NEWS GAZETTE CORPORATION RETIREMENT PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-08-31$0

Form 5500 Responses for THE NEWS GAZETTE CORPORATION RETIREMENT PLAN

2009: THE NEWS GAZETTE CORPORATION RETIREMENT PLAN 2009 form 5500 responses
2009-09-01Type of plan entitySingle employer plan
2009-09-01Submission has been amendedNo
2009-09-01This submission is the final filingNo
2009-09-01This return/report is a short plan year return/report (less than 12 months)No
2009-09-01Plan is a collectively bargained planNo
2009-09-01Plan funding arrangement – TrustYes
2009-09-01Plan benefit arrangement - TrustYes

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