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MARC R. MAY DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameMARC R. MAY DEFINED BENEFIT PENSION PLAN
Plan identification number 001

MARC R. MAY DEFINED BENEFIT PENSION 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

MARC R. MAY ATTORNEY AT LAW, PC has sponsored the creation of one or more 401k plans.

Company Name:MARC R. MAY ATTORNEY AT LAW, PC
Employer identification number (EIN):751991720
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MARC R. MAY DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01MARC R. MAY2023-10-16
0012021-01-01MARC R. MAY2023-07-21
0012020-01-01MARC MAY2021-10-15 MARC MAY2021-10-15
0012019-01-01MARC MAY2020-10-15 MARC MAY2020-10-15
0012018-01-01MARC MAY2019-10-10 MARC MAY2019-10-10
0012017-01-01MARC MAY2018-10-10 MARC MAY2018-10-10
0012017-01-01MARC MAY2019-10-11 MARC MAY2019-10-11
0012016-01-01MARC MAY2017-10-13 MARC MAY2017-10-13
0012015-01-01MARC MAY2016-10-17 MARC MAY2016-10-17
0012014-01-01MARC MAY2015-10-05 MARC MAY2015-10-05

Plan Statistics for MARC R. MAY DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for MARC R. MAY DEFINED BENEFIT PENSION PLAN

Measure Date Value
2022: MARC R. MAY DEFINED BENEFIT PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-311,050,236
Acturial value of plan assets2022-12-311,050,236
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-311
Fundng target for terminated vested participants2022-12-3117,835
Active participant vested funding target2022-12-31727,566
Number of active participants2022-12-313
Total funding liabilities for active participants2022-12-31727,566
Total participant count2022-12-314
Total funding target for all participants2022-12-31745,401
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31454,472
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 balance2022-12-31454,472
Present value of excess contributions2022-12-3182,438
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3182,438
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 year2022-12-31473,514
Total employer contributions2022-12-31180,000
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 date2022-12-31178,437
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 cost2022-12-3127,594
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3127,594
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-3127,594
Contributions allocatedtoward minimum required contributions for current year2022-12-31178,437
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: MARC R. MAY DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-311,228,023
Acturial value of plan assets2021-12-311,228,023
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-312
Fundng target for terminated vested participants2021-12-3195,065
Active participant vested funding target2021-12-31601,947
Number of active participants2021-12-313
Total funding liabilities for active participants2021-12-31607,701
Total participant count2021-12-315
Total funding target for all participants2021-12-31702,766
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31427,738
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 balance2021-12-31427,738
Present value of excess contributions2021-12-3170,334
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3170,334
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 year2021-12-31454,472
Total employer contributions2021-12-3185,000
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 date2021-12-3182,438
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
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 cost2021-12-3128,777
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 year2021-12-3182,438
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: MARC R. MAY DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-311,073,737
Acturial value of plan assets2020-12-311,073,737
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-3113,960
Active participant vested funding target2020-12-31610,537
Number of active participants2020-12-314
Total funding liabilities for active participants2020-12-31632,282
Total participant count2020-12-315
Total funding target for all participants2020-12-31646,242
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31359,262
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 balance2020-12-31359,262
Present value of excess contributions2020-12-3129,963
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3129,963
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3129,963
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 year2020-12-31427,738
Total employer contributions2020-12-31105,186
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 date2020-12-31104,555
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
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 cost2020-12-3134,221
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3134,221
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-3134,221
Contributions allocatedtoward minimum required contributions for current year2020-12-31104,555
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: MARC R. MAY DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-31873,831
Acturial value of plan assets2019-12-31873,831
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-3112,741
Active participant vested funding target2019-12-31465,171
Number of active participants2019-12-314
Total funding liabilities for active participants2019-12-31488,173
Total participant count2019-12-315
Total funding target for all participants2019-12-31500,914
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31142,959
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 balance2019-12-31142,959
Present value of excess contributions2019-12-31220,649
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31220,649
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-31220,649
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 year2019-12-31359,262
Total employer contributions2019-12-31136,814
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31135,782
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31104,009
Net shortfall amortization installment of oustanding balance2019-12-318,421
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31105,819
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31105,819
Contributions allocatedtoward minimum required contributions for current year2019-12-31135,782
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: MARC R. MAY DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-31483,471
Acturial value of plan assets2018-12-31483,471
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-3111,567
Active participant vested funding target2018-12-31357,253
Number of active participants2018-12-314
Total funding liabilities for active participants2018-12-31369,600
Total participant count2018-12-315
Total funding target for all participants2018-12-31381,167
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3157,309
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 balance2018-12-3157,309
Present value of excess contributions2018-12-3182,607
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3182,607
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3182,607
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 year2018-12-31142,959
Total employer contributions2018-12-31320,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31310,515
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-3188,056
Net shortfall amortization installment of oustanding balance2018-12-319,776
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3189,866
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-3189,866
Contributions allocatedtoward minimum required contributions for current year2018-12-31310,515
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: MARC R. MAY DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-31307,436
Acturial value of plan assets2017-12-31307,436
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-3110,445
Active participant vested funding target2017-12-31247,596
Number of active participants2017-12-313
Total funding liabilities for active participants2017-12-31247,596
Total participant count2017-12-314
Total funding target for all participants2017-12-31258,041
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3132,189
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 balance2017-12-3132,189
Present value of excess contributions2017-12-3124,666
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3124,666
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3124,666
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 year2017-12-3157,309
Total employer contributions2017-12-31100,000
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 date2017-12-3198,598
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 cost2017-12-31101,584
Net shortfall amortization installment of oustanding balance2017-12-3111,020
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31103,394
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-314,796
Additional cash requirement2017-12-3198,598
Contributions allocatedtoward minimum required contributions for current year2017-12-3198,598
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: MARC R. MAY DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31199,417
Acturial value of plan assets2016-12-31199,417
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-319,441
Active participant vested funding target2016-12-31167,666
Number of active participants2016-12-312
Total funding liabilities for active participants2016-12-31167,666
Total participant count2016-12-313
Total funding target for all participants2016-12-31177,107
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-316,337
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 balance2016-12-316,337
Present value of excess contributions2016-12-3126,104
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3126,104
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3126,104
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 year2016-12-3132,189
Total employer contributions2016-12-31100,000
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 date2016-12-3193,527
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 cost2016-12-3168,861
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 balances2016-12-3168,861
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3168,861
Contributions allocatedtoward minimum required contributions for current year2016-12-3193,527
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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