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GLOBAL ENGINEERING CORP. PENSION PLAN 401k Plan overview

Plan NameGLOBAL ENGINEERING CORP. PENSION PLAN
Plan identification number 001

GLOBAL ENGINEERING CORP. PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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).
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.

401k Sponsoring company profile

KEYWAY TRADING, INC. has sponsored the creation of one or more 401k plans.

Company Name:KEYWAY TRADING, INC.
Employer identification number (EIN):843122034
NAIC Classification:488510
NAIC Description:Freight Transportation Arrangement

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GLOBAL ENGINEERING CORP. PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-10-01STEVE KIM2021-07-01

Plan Statistics for GLOBAL ENGINEERING CORP. PENSION PLAN

401k plan membership statisitcs for GLOBAL ENGINEERING CORP. PENSION PLAN

Measure Date Value
2020: GLOBAL ENGINEERING CORP. PENSION PLAN 2020 401k membership
Market value of plan assets2020-09-302,546,377
Acturial value of plan assets2020-09-302,546,377
Funding target for retired participants and beneficiaries receiving payment2020-09-300
Number of terminated vested participants2020-09-301
Fundng target for terminated vested participants2020-09-30880,023
Active participant vested funding target2020-09-301,281,472
Number of active participants2020-09-301
Total funding liabilities for active participants2020-09-301,281,472
Total participant count2020-09-302
Total funding target for all participants2020-09-302,161,495
Balance at beginning of prior year after applicable adjustments2020-09-300
Prefunding balance at beginning of prior year after applicable adjustments2020-09-300
Amount remaining of carryover balance2020-09-300
Amount remaining of prefunding balance2020-09-300
Present value of excess contributions2020-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-09-300
Reductions in caryover balances due to elections or deemed elections2020-09-300
Reductions in prefunding balances due to elections or deemed elections2020-09-300
Balance of carryovers at beginning of current year2020-09-300
Balance of prefunding at beginning of current year2020-09-300
Total employer contributions2020-09-300
Total employee contributions2020-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-09-300
Contributions made to avoid restrictions adjusted to valuation date2020-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-09-300
Unpaid minimum required contributions for all prior years2020-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-09-300
Remaining amount of unpaid minimum required contributions2020-09-300
Minimum required contributions for current year target normal cost2020-09-30100,111
Net shortfall amortization installment of oustanding balance2020-09-300
Waiver amortization installment2020-09-300
Total funding amount beforereflecting carryover/prefunding balances2020-09-300
Additional cash requirement2020-09-300
Contributions allocatedtoward minimum required contributions for current year2020-09-300
Unpaid minimum required contributions for current year2020-09-300
Unpaid minimum required contributions for all years2020-09-300

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