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THOMPSON TRACTOR & EQUIPMENT SALES CASH BALANCE PLAN 401k Plan overview

Plan NameTHOMPSON TRACTOR & EQUIPMENT SALES CASH BALANCE PLAN
Plan identification number 002

THOMPSON TRACTOR & EQUIPMENT SALES CASH BALANCE 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

THOMPSON TRACTOR & EQUIPMENT SALES has sponsored the creation of one or more 401k plans.

Company Name:THOMPSON TRACTOR & EQUIPMENT SALES
Employer identification number (EIN):610897042
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THOMPSON TRACTOR & EQUIPMENT SALES CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01

Plan Statistics for THOMPSON TRACTOR & EQUIPMENT SALES CASH BALANCE PLAN

401k plan membership statisitcs for THOMPSON TRACTOR & EQUIPMENT SALES CASH BALANCE PLAN

Measure Date Value
2021: THOMPSON TRACTOR & EQUIPMENT SALES CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-22451,827
Acturial value of plan assets2021-12-22451,827
Funding target for retired participants and beneficiaries receiving payment2021-12-220
Number of terminated vested participants2021-12-222
Fundng target for terminated vested participants2021-12-222,379
Active participant vested funding target2021-12-22357,834
Number of active participants2021-12-224
Total funding liabilities for active participants2021-12-22357,834
Total participant count2021-12-226
Total funding target for all participants2021-12-22360,213
Balance at beginning of prior year after applicable adjustments2021-12-220
Prefunding balance at beginning of prior year after applicable adjustments2021-12-220
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-220
Prefunding balanced used to offset prior years funding requirement2021-12-220
Amount remaining of carryover balance2021-12-220
Amount remaining of prefunding balance2021-12-220
Present value of excess contributions2021-12-220
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-220
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-220
Reductions in caryover balances due to elections or deemed elections2021-12-220
Reductions in prefunding balances due to elections or deemed elections2021-12-220
Balance of carryovers at beginning of current year2021-12-220
Balance of prefunding at beginning of current year2021-12-220
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-220
Contributions made to avoid restrictions adjusted to valuation date2021-12-220
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-220
Unpaid minimum required contributions for all prior years2021-12-220
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-220
Remaining amount of unpaid minimum required contributions2021-12-220
Minimum required contributions for current year target normal cost2021-12-220
Net shortfall amortization installment of oustanding balance2021-12-220
Waiver amortization installment2021-12-220
Total funding amount beforereflecting carryover/prefunding balances2021-12-220
Carryover balance elected to use to offset funding requirement2021-12-220
Prefunding balance elected to use to offset funding requirement2021-12-220
Additional cash requirement2021-12-220
Contributions allocatedtoward minimum required contributions for current year2021-12-220
Unpaid minimum required contributions for current year2021-12-220
Unpaid minimum required contributions for all years2021-12-220
2020: THOMPSON TRACTOR & EQUIPMENT SALES CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-31345,934
Acturial value of plan assets2020-12-31345,934
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-312,343
Active participant vested funding target2020-12-31339,105
Number of active participants2020-12-314
Total funding liabilities for active participants2020-12-31339,105
Total participant count2020-12-316
Total funding target for all participants2020-12-31341,448
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
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 balance2020-12-310
Present value of excess contributions2020-12-3115
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3116
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 year2020-12-310
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 date2020-12-310
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
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 cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: THOMPSON TRACTOR & EQUIPMENT SALES CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31161,740
Acturial value of plan assets2019-12-31161,740
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-31421
Active participant vested funding target2019-12-31164,516
Number of active participants2019-12-314
Total funding liabilities for active participants2019-12-31164,516
Total participant count2019-12-315
Total funding target for all participants2019-12-31164,937
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
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 balance2019-12-310
Present value of excess contributions2019-12-318,150
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-318,602
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
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 year2019-12-310
Total employer contributions2019-12-31167,572
Total employee contributions2019-12-310
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 date2019-12-31156,872
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 cost2019-12-31156,338
Net shortfall amortization installment of oustanding balance2019-12-313,197
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31156,857
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31156,857
Contributions allocatedtoward minimum required contributions for current year2019-12-31156,872
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: THOMPSON TRACTOR & EQUIPMENT SALES CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-310
Acturial value of plan assets2018-12-310
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 target2018-12-310
Number of active participants2018-12-315
Total funding liabilities for active participants2018-12-310
Total participant count2018-12-315
Total funding target for all participants2018-12-310
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 contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
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 contributions2018-12-31163,352
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 date2018-12-31153,258
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 cost2018-12-31145,108
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31145,108
Additional cash requirement2018-12-31145,108
Contributions allocatedtoward minimum required contributions for current year2018-12-31153,258
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310

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