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THE NATIONAL CENTER FOR ACADEMIC TRANSFORMATION, INC. CASH BALANCE PLAN AND TRUST 401k Plan overview

Plan NameTHE NATIONAL CENTER FOR ACADEMIC TRANSFORMATION, INC. CASH BALANCE PLAN AND TRUST
Plan identification number 003

THE NATIONAL CENTER FOR ACADEMIC TRANSFORMATION, INC. CASH BALANCE PLAN AND TRUST 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).

401k Sponsoring company profile

THE NATIONAL CENTER FOR ACADEMIC TRANSFORMATION INC has sponsored the creation of one or more 401k plans.

Company Name:THE NATIONAL CENTER FOR ACADEMIC TRANSFORMATION INC
Employer identification number (EIN):562422739
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE NATIONAL CENTER FOR ACADEMIC TRANSFORMATION, INC. CASH BALANCE PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032019-01-01
0032018-01-01
0032017-01-01
0032016-01-01
0032015-01-01

Plan Statistics for THE NATIONAL CENTER FOR ACADEMIC TRANSFORMATION, INC. CASH BALANCE PLAN AND TRUST

401k plan membership statisitcs for THE NATIONAL CENTER FOR ACADEMIC TRANSFORMATION, INC. CASH BALANCE PLAN AND TRUST

Measure Date Value
2018: THE NATIONAL CENTER FOR ACADEMIC TRANSFORMATION, INC. CASH BALANCE PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-12-31807,279
Acturial value of plan assets2018-12-31807,279
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-31826,050
Number of active participants2018-12-312
Total funding liabilities for active participants2018-12-31826,050
Total participant count2018-12-312
Total funding target for all participants2018-12-31826,050
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
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 balance2018-12-310
Present value of excess contributions2018-12-3172
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3175
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
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 year2018-12-310
Total employer contributions2018-12-31272,200
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 date2018-12-31253,629
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 cost2018-12-31249,778
Net shortfall amortization installment of oustanding balance2018-12-3118,771
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31253,629
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31253,629
Contributions allocatedtoward minimum required contributions for current year2018-12-31253,629
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: THE NATIONAL CENTER FOR ACADEMIC TRANSFORMATION, INC. CASH BALANCE PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-12-31535,554
Acturial value of plan assets2017-12-31535,554
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-31561,238
Number of active participants2017-12-312
Total funding liabilities for active participants2017-12-31561,238
Total participant count2017-12-312
Total funding target for all participants2017-12-31561,238
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-314,957
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-314,957
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 year2017-12-310
Total employer contributions2017-12-31274,330
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 date2017-12-31265,614
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 cost2017-12-31261,080
Net shortfall amortization installment of oustanding balance2017-12-3125,684
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31265,542
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31265,542
Contributions allocatedtoward minimum required contributions for current year2017-12-31265,614
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: THE NATIONAL CENTER FOR ACADEMIC TRANSFORMATION, INC. CASH BALANCE PLAN AND TRUST 2016 401k membership
Market value of plan assets2016-12-31260,888
Acturial value of plan assets2016-12-31260,888
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 target2016-12-31273,463
Number of active participants2016-12-312
Total funding liabilities for active participants2016-12-31273,463
Total participant count2016-12-312
Total funding target for all participants2016-12-31273,463
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 contributions2016-12-311,429
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-311,429
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 contributions2016-12-31270,000
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 date2016-12-31267,476
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 cost2016-12-31260,441
Net shortfall amortization installment of oustanding balance2016-12-3112,575
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31262,519
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31262,519
Contributions allocatedtoward minimum required contributions for current year2016-12-31267,476
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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