401k Plan data: INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN plan

INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN 401k Plan overview

Plan Name	INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN
Plan identification number	002

INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

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).
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
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

INNOVATIVE BUSINESS SOLUTIONS, INC. has sponsored the creation of one or more 401k plans.

Company Name: INNOVATIVE BUSINESS SOLUTIONS, INC.

Employer identification number (EIN): 680250798

NAIC Classification: 541214
NAIC Description: Payroll Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2020-01-01 ROBERT F. REYNOLDS 2020-12-29
002 2019-01-01 ROBERT F. REYNOLDS 2020-10-01
002 2018-01-01
002 2017-01-01 ROBERT F. REYNOLDS 2018-07-10
002 2016-01-01 ROBERT F. REYNOLDS 2017-09-27
002 2015-01-01 ROBERT F. REYNOLDS 2016-08-25

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2020-01-01	ROBERT F. REYNOLDS	2020-12-29
002	2019-01-01	ROBERT F. REYNOLDS	2020-10-01
002	2018-01-01
002	2017-01-01	ROBERT F. REYNOLDS	2018-07-10
002	2016-01-01	ROBERT F. REYNOLDS	2017-09-27
002	2015-01-01	ROBERT F. REYNOLDS	2016-08-25

Plan Statistics for INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN

401k plan membership statisitcs for INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN

Measure Date Value
2020: INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets 2020-07-10 1,762,618
Acturial value of plan assets 2020-07-10 1,762,618
Funding target for retired participants and beneficiaries receiving payment 2020-07-10 0
Number of terminated vested participants 2020-07-10 4
Fundng target for terminated vested participants 2020-07-10 9,151
Active participant vested funding target 2020-07-10 1,753,467
Number of active participants 2020-07-10 27
Total funding liabilities for active participants 2020-07-10 1,753,467
Total participant count 2020-07-10 31
Total funding target for all participants 2020-07-10 1,762,618
Balance at beginning of prior year after applicable adjustments 2020-07-10 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-07-10 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-07-10 0
Prefunding balanced used to offset prior years funding requirement 2020-07-10 0
Amount remaining of carryover balance 2020-07-10 0
Amount remaining of prefunding balance 2020-07-10 0
Present value of excess contributions 2020-07-10 16,206
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-07-10 16,206
Reductions in caryover balances due to elections or deemed elections 2020-07-10 0
Reductions in prefunding balances due to elections or deemed elections 2020-07-10 0
Balance of carryovers at beginning of current year 2020-07-10 0
Balance of prefunding at beginning of current year 2020-07-10 0
Total employer contributions 2020-07-10 0
Total employee contributions 2020-07-10 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-07-10 0
Contributions made to avoid restrictions adjusted to valuation date 2020-07-10 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-07-10 0
Unpaid minimum required contributions for all prior years 2020-07-10 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-07-10 0
Remaining amount of unpaid minimum required contributions 2020-07-10 0
Minimum required contributions for current year target normal cost 2020-07-10 0
Net shortfall amortization installment of oustanding balance 2020-07-10 0
Total funding amount beforereflecting carryover/prefunding balances 2020-07-10 0
Additional cash requirement 2020-07-10 0
Contributions allocatedtoward minimum required contributions for current year 2020-07-10 0
Unpaid minimum required contributions for current year 2020-07-10 0
Unpaid minimum required contributions for all years 2020-07-10 0
2019: INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets 2019-12-31 1,492,010
Acturial value of plan assets 2019-12-31 1,492,010
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 4
Fundng target for terminated vested participants 2019-12-31 6,970
Active participant vested funding target 2019-12-31 1,428,866
Number of active participants 2019-12-31 27
Total funding liabilities for active participants 2019-12-31 1,428,866
Total participant count 2019-12-31 31
Total funding target for all participants 2019-12-31 1,435,836
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 0
Present value of excess contributions 2019-12-31 279
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 279
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 300,714
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 292,138
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 332,106
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 275,932
Additional cash requirement 2019-12-31 275,932
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 292,138
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets 2018-12-31 969,845
Acturial value of plan assets 2018-12-31 969,845
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 6
Fundng target for terminated vested participants 2018-12-31 5,404
Active participant vested funding target 2018-12-31 1,009,771
Number of active participants 2018-12-31 27
Total funding liabilities for active participants 2018-12-31 1,009,771
Total participant count 2018-12-31 33
Total funding target for all participants 2018-12-31 1,015,175
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 95,228
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 95,228
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 318,852
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 318,423
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 310,744
Net shortfall amortization installment of oustanding balance 2018-12-31 45,330
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 318,144
Additional cash requirement 2018-12-31 318,144
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 318,423
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets 2017-12-31 697,718
Acturial value of plan assets 2017-12-31 697,718
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 3
Fundng target for terminated vested participants 2017-12-31 2,198
Active participant vested funding target 2017-12-31 618,073
Number of active participants 2017-12-31 26
Total funding liabilities for active participants 2017-12-31 618,073
Total participant count 2017-12-31 29
Total funding target for all participants 2017-12-31 620,271
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 46,256
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 46,256
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 313,715
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 310,928
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 293,146
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 215,700
Additional cash requirement 2017-12-31 215,700
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 310,928
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets 2016-12-31 318,897
Acturial value of plan assets 2016-12-31 318,897
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 2
Fundng target for terminated vested participants 2016-12-31 1,305
Active participant vested funding target 2016-12-31 293,299
Number of active participants 2016-12-31 23
Total funding liabilities for active participants 2016-12-31 293,299
Total participant count 2016-12-31 25
Total funding target for all participants 2016-12-31 294,604
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 25,743
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 25,743
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 308,238
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 305,535
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 283,572
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 259,279
Additional cash requirement 2016-12-31 259,279
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 305,535
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2020: INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets	2020-07-10	1,762,618
Acturial value of plan assets	2020-07-10	1,762,618
Funding target for retired participants and beneficiaries receiving payment	2020-07-10	0
Number of terminated vested participants	2020-07-10	4
Fundng target for terminated vested participants	2020-07-10	9,151
Active participant vested funding target	2020-07-10	1,753,467
Number of active participants	2020-07-10	27
Total funding liabilities for active participants	2020-07-10	1,753,467
Total participant count	2020-07-10	31
Total funding target for all participants	2020-07-10	1,762,618
Balance at beginning of prior year after applicable adjustments	2020-07-10	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-07-10	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-07-10	0
Prefunding balanced used to offset prior years funding requirement	2020-07-10	0
Amount remaining of carryover balance	2020-07-10	0
Amount remaining of prefunding balance	2020-07-10	0
Present value of excess contributions	2020-07-10	16,206
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-07-10	16,206
Reductions in caryover balances due to elections or deemed elections	2020-07-10	0
Reductions in prefunding balances due to elections or deemed elections	2020-07-10	0
Balance of carryovers at beginning of current year	2020-07-10	0
Balance of prefunding at beginning of current year	2020-07-10	0
Total employer contributions	2020-07-10	0
Total employee contributions	2020-07-10	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-07-10	0
Contributions made to avoid restrictions adjusted to valuation date	2020-07-10	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-07-10	0
Unpaid minimum required contributions for all prior years	2020-07-10	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-07-10	0
Remaining amount of unpaid minimum required contributions	2020-07-10	0
Minimum required contributions for current year target normal cost	2020-07-10	0
Net shortfall amortization installment of oustanding balance	2020-07-10	0
Total funding amount beforereflecting carryover/prefunding balances	2020-07-10	0
Additional cash requirement	2020-07-10	0
Contributions allocatedtoward minimum required contributions for current year	2020-07-10	0
Unpaid minimum required contributions for current year	2020-07-10	0
Unpaid minimum required contributions for all years	2020-07-10	0
2019: INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets	2019-12-31	1,492,010
Acturial value of plan assets	2019-12-31	1,492,010
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	4
Fundng target for terminated vested participants	2019-12-31	6,970
Active participant vested funding target	2019-12-31	1,428,866
Number of active participants	2019-12-31	27
Total funding liabilities for active participants	2019-12-31	1,428,866
Total participant count	2019-12-31	31
Total funding target for all participants	2019-12-31	1,435,836
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	279
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	279
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	300,714
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	292,138
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	332,106
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	275,932
Additional cash requirement	2019-12-31	275,932
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	292,138
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets	2018-12-31	969,845
Acturial value of plan assets	2018-12-31	969,845
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	6
Fundng target for terminated vested participants	2018-12-31	5,404
Active participant vested funding target	2018-12-31	1,009,771
Number of active participants	2018-12-31	27
Total funding liabilities for active participants	2018-12-31	1,009,771
Total participant count	2018-12-31	33
Total funding target for all participants	2018-12-31	1,015,175
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	95,228
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	95,228
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	318,852
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	318,423
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	310,744
Net shortfall amortization installment of oustanding balance	2018-12-31	45,330
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	318,144
Additional cash requirement	2018-12-31	318,144
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	318,423
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets	2017-12-31	697,718
Acturial value of plan assets	2017-12-31	697,718
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	3
Fundng target for terminated vested participants	2017-12-31	2,198
Active participant vested funding target	2017-12-31	618,073
Number of active participants	2017-12-31	26
Total funding liabilities for active participants	2017-12-31	618,073
Total participant count	2017-12-31	29
Total funding target for all participants	2017-12-31	620,271
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	46,256
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	46,256
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	313,715
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	310,928
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	293,146
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	215,700
Additional cash requirement	2017-12-31	215,700
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	310,928
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: INNOVATIVE BUSINESS SOLUTIONS, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	318,897
Acturial value of plan assets	2016-12-31	318,897
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	2
Fundng target for terminated vested participants	2016-12-31	1,305
Active participant vested funding target	2016-12-31	293,299
Number of active participants	2016-12-31	23
Total funding liabilities for active participants	2016-12-31	293,299
Total participant count	2016-12-31	25
Total funding target for all participants	2016-12-31	294,604
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	25,743
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	25,743
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	308,238
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	305,535
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	283,572
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	259,279
Additional cash requirement	2016-12-31	259,279
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	305,535
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	INNOVATIVE BUSINESS SOLUTIONS, INC.
Employer identification number (EIN):	680250798
NAIC Classification:	541214
NAIC Description:	Payroll Services