401k Plan data: TEK SOURCE SOLUTIONS, INC. CASH BALANCE PLAN plan

TEK SOURCE SOLUTIONS, INC. CASH BALANCE PLAN 401k Plan overview

Plan Name	TEK SOURCE SOLUTIONS, INC. CASH BALANCE PLAN
Plan identification number	002

TEK SOURCE SOLUTIONS, INC. CASH BALANCE PLAN Benefits

401k Plan Type

Defined 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).
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

TEK SOURCE SOLUTIONS, INC. has sponsored the creation of one or more 401k plans.

Company Name: TEK SOURCE SOLUTIONS, INC.

Employer identification number (EIN): 651212086

NAIC Classification: 541519
NAIC Description: Other Computer Related Services

Additional information about TEK SOURCE SOLUTIONS, INC.

Jurisdiction of Incorporation: California Department of State

Incorporation Date: 2004-01-01

Company Identification Number: C2570204

Legal Registered Office Address: 360 East 1st Street, Suite 602

Tustin
United States of America (USA)
92780

More information about TEK SOURCE SOLUTIONS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TEK SOURCE SOLUTIONS, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01 JEFFEREY MACHKOFF 2024-10-07
002 2022-01-01 JEFFEREY MACHKOFF 2023-09-18

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2023-01-01	JEFFEREY MACHKOFF	2024-10-07
002	2022-01-01	JEFFEREY MACHKOFF	2023-09-18

Plan Statistics for TEK SOURCE SOLUTIONS, INC. CASH BALANCE PLAN

401k plan membership statisitcs for TEK SOURCE SOLUTIONS, INC. CASH BALANCE PLAN

Measure Date Value
2022: TEK SOURCE SOLUTIONS, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets 2022-12-31 0
Acturial value of plan assets 2022-12-31 0
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 0
Number of terminated vested participants 2022-12-31 0
Fundng target for terminated vested participants 2022-12-31 0
Active participant vested funding target 2022-12-31 0
Number of active participants 2022-12-31 3
Total funding liabilities for active participants 2022-12-31 0
Total participant count 2022-12-31 3
Total funding target for all participants 2022-12-31 0
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 107,463
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 104,907
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 96,160
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 96,160
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 96,160
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 104,907
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0

Measure	Date	Value
2022: TEK SOURCE SOLUTIONS, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets	2022-12-31	0
Acturial value of plan assets	2022-12-31	0
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	0
Fundng target for terminated vested participants	2022-12-31	0
Active participant vested funding target	2022-12-31	0
Number of active participants	2022-12-31	3
Total funding liabilities for active participants	2022-12-31	0
Total participant count	2022-12-31	3
Total funding target for all participants	2022-12-31	0
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	107,463
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	104,907
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	96,160
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	96,160
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	96,160
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	104,907
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0

Potentially related plans

TEK SOURCE USA, INC. EMPLOYEE BENEFIT PLAN [EIN = 571218432]

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Company Name:	TEK SOURCE SOLUTIONS, INC.
Employer identification number (EIN):	651212086
NAIC Classification:	541519
NAIC Description:	Other Computer Related Services

Jurisdiction of Incorporation:	California Department of State
Incorporation Date:	2004-01-01
Company Identification Number:	C2570204
Legal Registered Office Address:	360 East 1st Street, Suite 602 Tustin United States of America (USA) 92780