Plan Name | L & W, INC. CASH BALANCE PLAN |
Plan identification number | 002 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
|
Company Name: | LOCAL & WESTERN OF TEXAS, INC. |
Employer identification number (EIN): | 751008008 |
NAIC Classification: | 423990 |
NAIC Description: | Other Miscellaneous Durable Goods Merchant Wholesalers |
Additional information about LOCAL & WESTERN OF TEXAS, INC.
Jurisdiction of Incorporation: | Texas Secretary of State |
Incorporation Date: | 1958-11-17 |
Company Identification Number: | 0015054200 |
Legal Registered Office Address: |
5445 LA SIERRA DR STE 100 DALLAS United States of America (USA) 75231 |
More information about LOCAL & WESTERN OF TEXAS, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
002 | 2023-04-01 | GERALD DARVER | 2024-04-12 | ||
002 | 2022-04-01 | GERALD DARVER | 2023-11-20 | ||
002 | 2021-04-01 | GERALD DARVER | 2022-12-22 | ||
002 | 2020-04-01 | GERALD DARVER | 2021-10-08 | ||
002 | 2019-04-01 | GERALD DARVER | 2020-10-29 | ||
002 | 2018-04-01 | GERALD DARVER | 2019-11-14 | ||
002 | 2017-04-01 | GERALD DARVER | 2019-01-11 | ||
002 | 2016-04-01 | GERALD DARVER | 2018-01-09 | ||
002 | 2015-04-01 | GERALD DARVER | 2016-10-25 | ||
002 | 2014-04-01 | GERALD DARVER | 2015-12-10 | ||
002 | 2013-04-01 | GERALD DARVER | 2015-01-15 |
Measure | Date | Value |
---|---|---|
2023: L & W, INC. CASH BALANCE PLAN 2023 401k membership | ||
Market value of plan assets | 2023-03-31 | 2,077,302 |
Acturial value of plan assets | 2023-03-31 | 2,077,302 |
Funding target for retired participants and beneficiaries receiving payment | 2023-03-31 | 0 |
Number of terminated vested participants | 2023-03-31 | 3 |
Fundng target for terminated vested participants | 2023-03-31 | 7,721 |
Active participant vested funding target | 2023-03-31 | 1,882,092 |
Number of active participants | 2023-03-31 | 12 |
Total funding liabilities for active participants | 2023-03-31 | 1,882,092 |
Total participant count | 2023-03-31 | 15 |
Total funding target for all participants | 2023-03-31 | 1,889,813 |
Balance at beginning of prior year after applicable adjustments | 2023-03-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2023-03-31 | 0 |
Amount remaining of carryover balance | 2023-03-31 | 0 |
Amount remaining of prefunding balance | 2023-03-31 | 0 |
Present value of excess contributions | 2023-03-31 | 75,994 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2023-03-31 | 79,125 |
Reductions in caryover balances due to elections or deemed elections | 2023-03-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2023-03-31 | 0 |
Balance of carryovers at beginning of current year | 2023-03-31 | 0 |
Balance of prefunding at beginning of current year | 2023-03-31 | 0 |
Total employer contributions | 2023-03-31 | 0 |
Total employee contributions | 2023-03-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2023-03-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2023-03-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2023-03-31 | 0 |
Unpaid minimum required contributions for all prior years | 2023-03-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2023-03-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2023-03-31 | 0 |
Minimum required contributions for current year target normal cost | 2023-03-31 | 82,267 |
Net shortfall amortization installment of oustanding balance | 2023-03-31 | 0 |
Waiver amortization installment | 2023-03-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2023-03-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2023-03-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2023-03-31 | 0 |
Additional cash requirement | 2023-03-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2023-03-31 | 0 |
Unpaid minimum required contributions for current year | 2023-03-31 | 0 |
Unpaid minimum required contributions for all years | 2023-03-31 | 0 |
2022: L & W, INC. CASH BALANCE PLAN 2022 401k membership | ||
Market value of plan assets | 2022-03-31 | 1,790,325 |
Acturial value of plan assets | 2022-03-31 | 1,790,325 |
Funding target for retired participants and beneficiaries receiving payment | 2022-03-31 | 0 |
Number of terminated vested participants | 2022-03-31 | 3 |
Fundng target for terminated vested participants | 2022-03-31 | 8,196 |
Active participant vested funding target | 2022-03-31 | 1,694,629 |
Number of active participants | 2022-03-31 | 12 |
Total funding liabilities for active participants | 2022-03-31 | 1,694,629 |
Total participant count | 2022-03-31 | 15 |
Total funding target for all participants | 2022-03-31 | 1,702,825 |
Balance at beginning of prior year after applicable adjustments | 2022-03-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-03-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-03-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-03-31 | 0 |
Amount remaining of carryover balance | 2022-03-31 | 0 |
Amount remaining of prefunding balance | 2022-03-31 | 0 |
Present value of excess contributions | 2022-03-31 | 20,880 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-03-31 | 21,822 |
Reductions in caryover balances due to elections or deemed elections | 2022-03-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-03-31 | 0 |
Balance of carryovers at beginning of current year | 2022-03-31 | 0 |
Balance of prefunding at beginning of current year | 2022-03-31 | 0 |
Total employer contributions | 2022-03-31 | 212,255 |
Total employee contributions | 2022-03-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-03-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-03-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-03-31 | 207,725 |
Unpaid minimum required contributions for all prior years | 2022-03-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-03-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-03-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-03-31 | 219,231 |
Net shortfall amortization installment of oustanding balance | 2022-03-31 | 0 |
Waiver amortization installment | 2022-03-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-03-31 | 131,731 |
Additional cash requirement | 2022-03-31 | 131,731 |
Contributions allocatedtoward minimum required contributions for current year | 2022-03-31 | 207,725 |
Unpaid minimum required contributions for current year | 2022-03-31 | 0 |
Unpaid minimum required contributions for all years | 2022-03-31 | 0 |
2021: L & W, INC. CASH BALANCE PLAN 2021 401k membership | ||
Market value of plan assets | 2021-03-31 | 1,317,986 |
Acturial value of plan assets | 2021-03-31 | 1,317,986 |
Funding target for retired participants and beneficiaries receiving payment | 2021-03-31 | 0 |
Number of terminated vested participants | 2021-03-31 | 3 |
Fundng target for terminated vested participants | 2021-03-31 | 6,682 |
Active participant vested funding target | 2021-03-31 | 1,479,053 |
Number of active participants | 2021-03-31 | 13 |
Total funding liabilities for active participants | 2021-03-31 | 1,479,387 |
Total participant count | 2021-03-31 | 16 |
Total funding target for all participants | 2021-03-31 | 1,486,069 |
Balance at beginning of prior year after applicable adjustments | 2021-03-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-03-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2021-03-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2021-03-31 | 0 |
Amount remaining of carryover balance | 2021-03-31 | 0 |
Amount remaining of prefunding balance | 2021-03-31 | 0 |
Present value of excess contributions | 2021-03-31 | 8,272 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-03-31 | 8,656 |
Reductions in caryover balances due to elections or deemed elections | 2021-03-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2021-03-31 | 0 |
Balance of carryovers at beginning of current year | 2021-03-31 | 0 |
Balance of prefunding at beginning of current year | 2021-03-31 | 0 |
Total employer contributions | 2021-03-31 | 281,000 |
Total employee contributions | 2021-03-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2021-03-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2021-03-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-03-31 | 268,191 |
Unpaid minimum required contributions for all prior years | 2021-03-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-03-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-03-31 | 0 |
Minimum required contributions for current year target normal cost | 2021-03-31 | 219,221 |
Net shortfall amortization installment of oustanding balance | 2021-03-31 | 168,083 |
Waiver amortization installment | 2021-03-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-03-31 | 247,311 |
Carryover balance elected to use to offset funding requirement | 2021-03-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2021-03-31 | 0 |
Additional cash requirement | 2021-03-31 | 247,311 |
Contributions allocatedtoward minimum required contributions for current year | 2021-03-31 | 268,191 |
Unpaid minimum required contributions for current year | 2021-03-31 | 0 |
Unpaid minimum required contributions for all years | 2021-03-31 | 0 |
2020: L & W, INC. CASH BALANCE PLAN 2020 401k membership | ||
Market value of plan assets | 2020-03-31 | 1,260,674 |
Acturial value of plan assets | 2020-03-31 | 1,260,674 |
Funding target for retired participants and beneficiaries receiving payment | 2020-03-31 | 0 |
Number of terminated vested participants | 2020-03-31 | 2 |
Fundng target for terminated vested participants | 2020-03-31 | 4,904 |
Active participant vested funding target | 2020-03-31 | 1,272,399 |
Number of active participants | 2020-03-31 | 14 |
Total funding liabilities for active participants | 2020-03-31 | 1,272,399 |
Total participant count | 2020-03-31 | 16 |
Total funding target for all participants | 2020-03-31 | 1,277,303 |
Balance at beginning of prior year after applicable adjustments | 2020-03-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-03-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2020-03-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2020-03-31 | 0 |
Amount remaining of carryover balance | 2020-03-31 | 0 |
Amount remaining of prefunding balance | 2020-03-31 | 0 |
Present value of excess contributions | 2020-03-31 | 7,611 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-03-31 | 7,985 |
Reductions in caryover balances due to elections or deemed elections | 2020-03-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-03-31 | 0 |
Balance of carryovers at beginning of current year | 2020-03-31 | 0 |
Balance of prefunding at beginning of current year | 2020-03-31 | 0 |
Total employer contributions | 2020-03-31 | 236,070 |
Total employee contributions | 2020-03-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-03-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-03-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-03-31 | 225,182 |
Unpaid minimum required contributions for all prior years | 2020-03-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-03-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-03-31 | 0 |
Minimum required contributions for current year target normal cost | 2020-03-31 | 213,747 |
Net shortfall amortization installment of oustanding balance | 2020-03-31 | 16,629 |
Waiver amortization installment | 2020-03-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-03-31 | 216,910 |
Carryover balance elected to use to offset funding requirement | 2020-03-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2020-03-31 | 0 |
Additional cash requirement | 2020-03-31 | 216,910 |
Contributions allocatedtoward minimum required contributions for current year | 2020-03-31 | 225,182 |
Unpaid minimum required contributions for current year | 2020-03-31 | 0 |
Unpaid minimum required contributions for all years | 2020-03-31 | 0 |
2019: L & W, INC. CASH BALANCE PLAN 2019 401k membership | ||
Market value of plan assets | 2019-03-31 | 1,035,274 |
Acturial value of plan assets | 2019-03-31 | 1,035,274 |
Funding target for retired participants and beneficiaries receiving payment | 2019-03-31 | 0 |
Number of terminated vested participants | 2019-03-31 | 2 |
Fundng target for terminated vested participants | 2019-03-31 | 4,372 |
Active participant vested funding target | 2019-03-31 | 1,054,280 |
Number of active participants | 2019-03-31 | 13 |
Total funding liabilities for active participants | 2019-03-31 | 1,054,681 |
Total participant count | 2019-03-31 | 15 |
Total funding target for all participants | 2019-03-31 | 1,059,053 |
Balance at beginning of prior year after applicable adjustments | 2019-03-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2019-03-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2019-03-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2019-03-31 | 0 |
Amount remaining of carryover balance | 2019-03-31 | 0 |
Amount remaining of prefunding balance | 2019-03-31 | 0 |
Present value of excess contributions | 2019-03-31 | 13,352 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-03-31 | 14,025 |
Balance of carryovers at beginning of current year | 2019-03-31 | 0 |
Balance of prefunding at beginning of current year | 2019-03-31 | 0 |
Total employer contributions | 2019-03-31 | 232,000 |
Total employee contributions | 2019-03-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2019-03-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2019-03-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-03-31 | 222,592 |
Unpaid minimum required contributions for all prior years | 2019-03-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-03-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2019-03-31 | 0 |
Minimum required contributions for current year target normal cost | 2019-03-31 | 211,099 |
Net shortfall amortization installment of oustanding balance | 2019-03-31 | 23,779 |
Waiver amortization installment | 2019-03-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2019-03-31 | 214,981 |
Carryover balance elected to use to offset funding requirement | 2019-03-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2019-03-31 | 0 |
Additional cash requirement | 2019-03-31 | 214,981 |
Contributions allocatedtoward minimum required contributions for current year | 2019-03-31 | 222,592 |
Unpaid minimum required contributions for current year | 2019-03-31 | 0 |
Unpaid minimum required contributions for all years | 2019-03-31 | 0 |
2018: L & W, INC. CASH BALANCE PLAN 2018 401k membership | ||
Market value of plan assets | 2018-03-31 | 842,970 |
Acturial value of plan assets | 2018-03-31 | 842,970 |
Funding target for retired participants and beneficiaries receiving payment | 2018-03-31 | 0 |
Number of terminated vested participants | 2018-03-31 | 2 |
Fundng target for terminated vested participants | 2018-03-31 | 3,872 |
Active participant vested funding target | 2018-03-31 | 832,626 |
Number of active participants | 2018-03-31 | 12 |
Total funding liabilities for active participants | 2018-03-31 | 832,626 |
Total participant count | 2018-03-31 | 14 |
Total funding target for all participants | 2018-03-31 | 836,498 |
Balance at beginning of prior year after applicable adjustments | 2018-03-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2018-03-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2018-03-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2018-03-31 | 0 |
Amount remaining of carryover balance | 2018-03-31 | 0 |
Amount remaining of prefunding balance | 2018-03-31 | 0 |
Present value of excess contributions | 2018-03-31 | 7,716 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-03-31 | 8,103 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-03-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2018-03-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2018-03-31 | 0 |
Balance of carryovers at beginning of current year | 2018-03-31 | 0 |
Balance of prefunding at beginning of current year | 2018-03-31 | 0 |
Total employer contributions | 2018-03-31 | 226,000 |
Total employee contributions | 2018-03-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2018-03-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2018-03-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-03-31 | 211,692 |
Unpaid minimum required contributions for all prior years | 2018-03-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-03-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2018-03-31 | 0 |
Minimum required contributions for current year target normal cost | 2018-03-31 | 204,812 |
Net shortfall amortization installment of oustanding balance | 2018-03-31 | 0 |
Waiver amortization installment | 2018-03-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2018-03-31 | 198,340 |
Carryover balance elected to use to offset funding requirement | 2018-03-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2018-03-31 | 0 |
Additional cash requirement | 2018-03-31 | 198,340 |
Contributions allocatedtoward minimum required contributions for current year | 2018-03-31 | 211,692 |
Unpaid minimum required contributions for current year | 2018-03-31 | 0 |
Unpaid minimum required contributions for all years | 2018-03-31 | 0 |
2017: L & W, INC. CASH BALANCE PLAN 2017 401k membership | ||
Market value of plan assets | 2017-03-31 | 621,045 |
Acturial value of plan assets | 2017-03-31 | 621,045 |
Funding target for retired participants and beneficiaries receiving payment | 2017-03-31 | 0 |
Number of terminated vested participants | 2017-03-31 | 2 |
Fundng target for terminated vested participants | 2017-03-31 | 3,441 |
Active participant vested funding target | 2017-03-31 | 617,955 |
Number of active participants | 2017-03-31 | 9 |
Total funding liabilities for active participants | 2017-03-31 | 621,049 |
Total participant count | 2017-03-31 | 11 |
Total funding target for all participants | 2017-03-31 | 624,490 |
Balance at beginning of prior year after applicable adjustments | 2017-03-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2017-03-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2017-03-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2017-03-31 | 0 |
Amount remaining of carryover balance | 2017-03-31 | 0 |
Amount remaining of prefunding balance | 2017-03-31 | 0 |
Present value of excess contributions | 2017-03-31 | 14,747 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-03-31 | 15,493 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2017-03-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2017-03-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2017-03-31 | 0 |
Balance of carryovers at beginning of current year | 2017-03-31 | 0 |
Balance of prefunding at beginning of current year | 2017-03-31 | 0 |
Total employer contributions | 2017-03-31 | 220,500 |
Total employee contributions | 2017-03-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2017-03-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2017-03-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2017-03-31 | 211,052 |
Unpaid minimum required contributions for all prior years | 2017-03-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2017-03-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2017-03-31 | 0 |
Minimum required contributions for current year target normal cost | 2017-03-31 | 200,852 |
Net shortfall amortization installment of oustanding balance | 2017-03-31 | 3,445 |
Waiver amortization installment | 2017-03-31 | 0 |
Waived amount of outstanding balance | 2017-03-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2017-03-31 | 203,336 |
Carryover balance elected to use to offset funding requirement | 2017-03-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2017-03-31 | 0 |
Additional cash requirement | 2017-03-31 | 203,336 |
Contributions allocatedtoward minimum required contributions for current year | 2017-03-31 | 211,052 |
Unpaid minimum required contributions for current year | 2017-03-31 | 0 |
Unpaid minimum required contributions for all years | 2017-03-31 | 0 |