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LUIS A SEGARRA FINANCIAL & INSURANCE SERVICES DEFINED BENEFIT PLAN 401k Plan overview

Plan NameLUIS A SEGARRA FINANCIAL & INSURANCE SERVICES DEFINED BENEFIT PLAN
Plan identification number 002

LUIS A SEGARRA FINANCIAL & INSURANCE SERVICES DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Plan not intended to be qualified - A plan not intended to be qualified under Code sections 401, 403, or 408.

401k Sponsoring company profile

LUIS A. SEGARRA FINANCIAL & INSURANCE SERVICES has sponsored the creation of one or more 401k plans.

Company Name:LUIS A. SEGARRA FINANCIAL & INSURANCE SERVICES
Employer identification number (EIN):660525786
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LUIS A SEGARRA FINANCIAL & INSURANCE SERVICES DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01LUIS SEGARRA2018-10-11 LUIS SEGARRA2018-10-11
0022016-01-01LUIS SEGARRA2018-01-31

Plan Statistics for LUIS A SEGARRA FINANCIAL & INSURANCE SERVICES DEFINED BENEFIT PLAN

401k plan membership statisitcs for LUIS A SEGARRA FINANCIAL & INSURANCE SERVICES DEFINED BENEFIT PLAN

Measure Date Value
2022: LUIS A SEGARRA FINANCIAL & INSURANCE SERVICES DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets2022-12-31683,233
Acturial value of plan assets2022-12-31683,233
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-310
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-31936,405
Number of active participants2022-12-312
Total funding liabilities for active participants2022-12-31936,405
Total participant count2022-12-312
Total funding target for all participants2022-12-31936,405
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-31159,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-31137,202
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-31182,876
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-31137,202
Remaining amount of unpaid minimum required contributions2022-12-3145,674
Minimum required contributions for current year target normal cost2022-12-31183,717
Net shortfall amortization installment of oustanding balance2022-12-31253,172
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31207,344
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31207,344
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-31207,344
Unpaid minimum required contributions for all years2022-12-31253,018
2021: LUIS A SEGARRA FINANCIAL & INSURANCE SERVICES DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets2021-12-31631,257
Acturial value of plan assets2021-12-31631,257
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-31685,691
Number of active participants2021-12-312
Total funding liabilities for active participants2021-12-31685,691
Total participant count2021-12-312
Total funding target for all participants2021-12-31685,691
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-3183,400
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-3178,597
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-3183,607
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-3178,597
Remaining amount of unpaid minimum required contributions2021-12-315,010
Minimum required contributions for current year target normal cost2021-12-31172,790
Net shortfall amortization installment of oustanding balance2021-12-3154,434
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31177,866
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31177,866
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-31177,866
Unpaid minimum required contributions for all years2021-12-31182,876
2020: LUIS A SEGARRA FINANCIAL & INSURANCE SERVICES DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-12-31433,452
Acturial value of plan assets2020-12-31433,452
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-31439,560
Number of active participants2020-12-312
Total funding liabilities for active participants2020-12-31439,560
Total participant count2020-12-312
Total funding target for all participants2020-12-31439,560
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 contributions2020-12-3112,635
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3112,635
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
Total employer contributions2020-12-31115,838
Total employee contributions2020-12-310
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 date2020-12-31110,727
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 cost2020-12-31192,389
Net shortfall amortization installment of oustanding balance2020-12-316,108
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31194,334
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31194,334
Contributions allocatedtoward minimum required contributions for current year2020-12-31110,727
Unpaid minimum required contributions for current year2020-12-3183,607
Unpaid minimum required contributions for all years2020-12-3183,607
2019: LUIS A SEGARRA FINANCIAL & INSURANCE SERVICES DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-31285,868
Acturial value of plan assets2019-12-31285,868
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-31311,689
Number of active participants2019-12-312
Total funding liabilities for active participants2019-12-31311,689
Total participant count2019-12-312
Total funding target for all participants2019-12-31311,689
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 contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
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 contributions2019-12-31233,089
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-3191,151
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31130,269
Unpaid minimum required contributions for all prior years2019-12-3191,151
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-3191,151
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31113,071
Net shortfall amortization installment of oustanding balance2019-12-3125,821
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31117,634
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31117,634
Contributions allocatedtoward minimum required contributions for current year2019-12-31130,269
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: LUIS A SEGARRA FINANCIAL & INSURANCE SERVICES DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets2018-12-31159,955
Acturial value of plan assets2018-12-31159,955
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 target2018-12-31178,762
Number of active participants2018-12-312
Total funding liabilities for active participants2018-12-31178,762
Total participant count2018-12-312
Total funding target for all participants2018-12-31178,762
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 contributions2018-12-3140,500
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-3119,879
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-3118,772
Unpaid minimum required contributions for all prior years2018-12-3119,879
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-3119,879
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31106,851
Net shortfall amortization installment of oustanding balance2018-12-3118,807
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31109,923
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31109,923
Contributions allocatedtoward minimum required contributions for current year2018-12-3118,772
Unpaid minimum required contributions for current year2018-12-3191,151
Unpaid minimum required contributions for all years2018-12-3191,151
2017: LUIS A SEGARRA FINANCIAL & INSURANCE SERVICES DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-3197,937
Acturial value of plan assets2017-12-3197,937
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 target2017-12-310
Number of active participants2017-12-312
Total funding liabilities for active participants2017-12-3198,027
Total participant count2017-12-312
Total funding target for all participants2017-12-3198,027
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-313,968
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-313,968
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 contributions2017-12-3140,500
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 date2017-12-3140,172
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 cost2017-12-3160,036
Net shortfall amortization installment of oustanding balance2017-12-3190
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3160,051
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3160,051
Contributions allocatedtoward minimum required contributions for current year2017-12-3140,172
Unpaid minimum required contributions for current year2017-12-3119,879
Unpaid minimum required contributions for all years2017-12-3119,879
2016: LUIS A SEGARRA FINANCIAL & INSURANCE SERVICES DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-31635
Acturial value of plan assets2016-12-31635
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 target2016-12-310
Number of active participants2016-12-312
Total funding liabilities for active participants2016-12-310
Total participant count2016-12-312
Total funding target for all participants2016-12-310
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 contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
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 contributions2016-12-3192,512
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 date2016-12-3191,915
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 cost2016-12-3188,582
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3187,947
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3187,947
Contributions allocatedtoward minimum required contributions for current year2016-12-3191,915
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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