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MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameMCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN
Plan identification number 004

MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN Benefits

401k Plan TypeDefined 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).
  • 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

MCGILL ADVISORS, INC. has sponsored the creation of one or more 401k plans.

Company Name:MCGILL ADVISORS, INC.
Employer identification number (EIN):562172369
NAIC Classification:523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042017-01-01ROBERT SYTZ2017-12-14
0042016-01-01ROBERT SYTZ2017-07-13
0042015-01-01ROBERT SYTZ2016-02-08
0042014-01-01ROBERT SYTZ2015-02-25
0042013-01-01ROBERT SYTZ
0042012-01-01ROBERT SYTZ
0042011-01-01ROBERT SYTZ

Plan Statistics for MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2016: MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-312,018,335
Acturial value of plan assets2016-12-312,018,335
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-311,831,715
Number of active participants2016-12-3114
Total funding liabilities for active participants2016-12-311,831,715
Total participant count2016-12-3114
Total funding target for all participants2016-12-311,831,715
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-310
Present value of excess contributions2016-12-31186,115
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31186,115
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
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 year2016-12-310
Total employer contributions2016-12-310
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 date2016-12-310
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 cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
2013: MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0110
Total number of active participants reported on line 7a of the Form 55002013-01-0110
Number of retired or separated participants receiving benefits2013-01-011
Number of other retired or separated participants entitled to future benefits2013-01-011
Total of all active and inactive participants2013-01-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0112
Number of participants with account balances2013-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0111
Total number of active participants reported on line 7a of the Form 55002012-01-0110
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-0110
Total participants2012-01-0110
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0111
Total number of active participants reported on line 7a of the Form 55002011-01-0111
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0111
Number of participants with account balances2011-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2013 : MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN 2013 401k financial data
Total income from all sources2013-12-31$411,080
Total plan assets at end of year2013-12-31$1,110,384
Total plan assets at beginning of year2013-12-31$699,304
Value of fidelity bond covering the plan2013-12-31$200,000
Other income received2013-12-31$50,162
Net income (gross income less expenses)2013-12-31$411,080
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,110,384
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$699,304
Total contributions received or receivable from employer(s)2013-12-31$360,918
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN 2012 401k financial data
Total income from all sources2012-12-31$366,317
Total plan assets at end of year2012-12-31$699,304
Total plan assets at beginning of year2012-12-31$332,987
Value of fidelity bond covering the plan2012-12-31$200,000
Other income received2012-12-31$41,917
Net income (gross income less expenses)2012-12-31$366,317
Net plan assets at end of year (total assets less liabilities)2012-12-31$699,304
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$332,987
Total contributions received or receivable from employer(s)2012-12-31$324,400
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN 2011 401k financial data
Total income from all sources2011-12-31$332,987
Expenses. Total of all expenses incurred2011-12-31$0
Total plan assets at end of year2011-12-31$332,987
Total plan assets at beginning of year2011-12-31$0
Value of fidelity bond covering the plan2011-12-31$300,000
Other income received2011-12-31$3,806
Net income (gross income less expenses)2011-12-31$332,987
Net plan assets at end of year (total assets less liabilities)2011-12-31$332,987
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$0
Total contributions received or receivable from employer(s)2011-12-31$329,181
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0

Form 5500 Responses for MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN

2013: MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MCGILL ADVISORS, INC. CASH BALANCE PENSION PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01First time form 5500 has been submittedYes
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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