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R & B PROTECTIVE COATINGS, INC. DEFINED BENEFIT PLAN 401k Plan overview

Plan NameR & B PROTECTIVE COATINGS, INC. DEFINED BENEFIT PLAN
Plan identification number 002

R & B PROTECTIVE COATINGS, INC. DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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

R & B PROTECTIVE COATINGS, INC. has sponsored the creation of one or more 401k plans.

Company Name:R & B PROTECTIVE COATINGS, INC.
Employer identification number (EIN):680263116
NAIC Classification:238900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan R & B PROTECTIVE COATINGS, INC. DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01RICHARD JOAQUIN2021-07-27
0022019-01-01RICHARD JOAQUIN2020-07-31
0022018-01-01RICHARD JOAQUIN2019-10-14
0022017-01-01RICHARD JOAQUIN2018-07-31
0022016-01-01RICHARD JOAQUIN2018-07-24
0022015-01-01RICHARD JOAQUIN2016-10-04
0022014-01-01RICHARD JOAQUIN2015-07-14 RICHARD JOAQUIN2015-07-14

Plan Statistics for R & B PROTECTIVE COATINGS, INC. DEFINED BENEFIT PLAN

401k plan membership statisitcs for R & B PROTECTIVE COATINGS, INC. DEFINED BENEFIT PLAN

Measure Date Value
2022: R & B PROTECTIVE COATINGS, INC. DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets2022-12-312,460,931
Acturial value of plan assets2022-12-312,460,931
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-316
Fundng target for terminated vested participants2022-12-3120,207
Active participant vested funding target2022-12-312,407,227
Number of active participants2022-12-3118
Total funding liabilities for active participants2022-12-312,407,227
Total participant count2022-12-3124
Total funding target for all participants2022-12-312,427,434
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 contributions2022-12-31321,672
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31321,672
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 contributions2022-12-31334,025
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31322,593
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31123,348
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3189,851
Additional cash requirement2022-12-3189,851
Contributions allocatedtoward minimum required contributions for current year2022-12-31322,593
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: R & B PROTECTIVE COATINGS, INC. DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets2021-12-312,650,340
Acturial value of plan assets2021-12-312,650,340
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-313
Fundng target for terminated vested participants2021-12-315,709
Active participant vested funding target2021-12-312,109,959
Number of active participants2021-12-3120
Total funding liabilities for active participants2021-12-312,110,361
Total participant count2021-12-3123
Total funding target for all participants2021-12-312,116,070
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 contributions2021-12-31334,025
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31321,672
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31146,207
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31321,672
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: R & B PROTECTIVE COATINGS, INC. DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-12-312,141,452
Acturial value of plan assets2020-12-312,141,452
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-316
Fundng target for terminated vested participants2020-12-313,563
Active participant vested funding target2020-12-311,696,738
Number of active participants2020-12-3121
Total funding liabilities for active participants2020-12-311,697,274
Total participant count2020-12-3127
Total funding target for all participants2020-12-311,700,837
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3125,133
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 balance2020-12-3125,133
Present value of excess contributions2020-12-3176,197
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3176,197
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3176,000
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 year2020-12-31104,790
Total employer contributions2020-12-31334,025
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 date2020-12-31327,589
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 cost2020-12-31266,295
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 year2020-12-31327,589
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2017: R & B PROTECTIVE COATINGS, INC. DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-311,022,017
Acturial value of plan assets2017-12-311,022,017
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-316
Fundng target for terminated vested participants2017-12-312,343
Active participant vested funding target2017-12-31681,648
Number of active participants2017-12-3120
Total funding liabilities for active participants2017-12-31621,799
Total participant count2017-12-3126
Total funding target for all participants2017-12-31624,142
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3123,612
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 balance2017-12-3123,612
Present value of excess contributions2017-12-31289,652
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31289,652
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 year2017-12-3124,573
Total employer contributions2017-12-31424,690
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 date2017-12-31423,387
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
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 cost2017-12-31262,112
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31423,387
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: R & B PROTECTIVE COATINGS, INC. DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-31424,550
Acturial value of plan assets2016-12-31424,550
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-314
Fundng target for terminated vested participants2016-12-312,136
Active participant vested funding target2016-12-31434,524
Number of active participants2016-12-3117
Total funding liabilities for active participants2016-12-31434,524
Total participant count2016-12-3121
Total funding target for all participants2016-12-31436,660
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3135,343
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-319,861
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3125,482
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 year2016-12-3123,612
Total employer contributions2016-12-31515,665
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 date2016-12-31508,137
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
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 cost2016-12-31211,670
Net shortfall amortization installment of oustanding balance2016-12-3136,595
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31218,485
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31218,485
Contributions allocatedtoward minimum required contributions for current year2016-12-31508,137
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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