FINANCIAL SOLUTIONS INC DEFINED BENEFIT PLAN 401k Plan overview

FINANCIAL SOLUTIONS INC DEFINED BENEFIT PLAN Benefits

401k Sponsoring company profile

Company Name:	FINANCIAL SOLUTIONS, INC.
Employer identification number (EIN):	731478975
NAIC Classification:	523900

Form 5500 Filing Information

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2019-01-01	GARY GOULD	2020-10-14
001	2018-01-01	GARY GOULD	2019-11-12
001	2017-01-01	GARY GOULD	2018-10-12
001	2016-01-01	GARY GOULD	2017-10-12
001	2015-01-01	GARY GOULD	2017-10-12
001	2015-01-01	GARY GOULD	2016-10-12	GARY GOULD	2016-10-12
001	2014-01-01	GARY GOULD	2015-10-14	GARY GOULD	2015-10-14

Plan Statistics for FINANCIAL SOLUTIONS INC DEFINED BENEFIT PLAN

Measure	Date	Value
2019: FINANCIAL SOLUTIONS INC DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets	2019-12-31	1,148,140
Acturial value of plan assets	2019-12-31	1,148,140
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	0
Fundng target for terminated vested participants	2019-12-31	0
Active participant vested funding target	2019-12-31	1,100,707
Number of active participants	2019-12-31	1
Total funding liabilities for active participants	2019-12-31	1,100,707
Total participant count	2019-12-31	1
Total funding target for all participants	2019-12-31	1,100,707
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	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
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
Additional cash requirement	2019-12-31	0
Unpaid minimum required contributions for current year	2019-12-31	0
2018: FINANCIAL SOLUTIONS INC DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets	2018-12-31	1,134,485
Acturial value of plan assets	2018-12-31	1,134,485
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	0
Fundng target for terminated vested participants	2018-12-31	0
Active participant vested funding target	2018-12-31	1,125,444
Number of active participants	2018-12-31	1
Total funding liabilities for active participants	2018-12-31	1,125,444
Total participant count	2018-12-31	1
Total funding target for all participants	2018-12-31	1,125,444
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	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	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
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	0
Additional cash requirement	2018-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for current year	2018-12-31	0
2017: FINANCIAL SOLUTIONS INC DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets	2017-12-31	738,752
Acturial value of plan assets	2017-12-31	738,752
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	0
Fundng target for terminated vested participants	2017-12-31	0
Active participant vested funding target	2017-12-31	982,568
Number of active participants	2017-12-31	1
Total funding liabilities for active participants	2017-12-31	982,568
Total participant count	2017-12-31	1
Total funding target for all participants	2017-12-31	982,568
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	0
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	350,000
Total employee contributions	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	354,356
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	61,995
Net shortfall amortization installment of oustanding balance	2017-12-31	243,816
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	112,652
Additional cash requirement	2017-12-31	112,652
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	354,356
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: FINANCIAL SOLUTIONS INC DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets	2016-12-31	537,521
Acturial value of plan assets	2016-12-31	537,521
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	0
Fundng target for terminated vested participants	2016-12-31	0
Active participant vested funding target	2016-12-31	705,684
Number of active participants	2016-12-31	2
Total funding liabilities for active participants	2016-12-31	728,042
Total participant count	2016-12-31	2
Total funding target for all participants	2016-12-31	728,042
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	0
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	148,005
Total employee contributions	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	149,855
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	70,534
Net shortfall amortization installment of oustanding balance	2016-12-31	190,521
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	107,895
Additional cash requirement	2016-12-31	107,895
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	149,855
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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