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WILLIAM B. TOBIN DEFINED BENEFIT PLAN 401k Plan overview

Plan NameWILLIAM B. TOBIN DEFINED BENEFIT PLAN
Plan identification number 001

WILLIAM B. TOBIN DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan covering Self-Employed individuals.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

WILLIAM B. TOBIN has sponsored the creation of one or more 401k plans.

Company Name:WILLIAM B. TOBIN
Employer identification number (EIN):850377497
NAIC Classification:524290

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WILLIAM B. TOBIN DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01
0012018-01-01
0012017-01-01WILLIAM TOBIN WILLIAM TOBIN2018-09-25
0012016-01-01WILLIAM TOBIN2017-09-29 WILLIAM TOBIN2017-09-29
0012015-01-01WILLIAM TOBIN2016-10-14 WILLIAM TOBIN2016-10-14
0012014-01-01WILLIAM TOBIN2015-10-08 WILLIAM TOBIN2015-10-08
0012013-01-01WILLIAM TOBIN2014-07-16 WILLIAM TOBIN2014-07-16
0012012-01-01WILLIAM TOBIN2013-10-10 WILLIAM TOBIN2013-10-10
0012011-01-01WILLIAM TOBIN2012-10-04 WILLIAM TOBIN2012-10-04

Plan Statistics for WILLIAM B. TOBIN DEFINED BENEFIT PLAN

401k plan membership statisitcs for WILLIAM B. TOBIN DEFINED BENEFIT PLAN

Measure Date Value
2019: WILLIAM B. TOBIN DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-08-081,235,046
Acturial value of plan assets2019-08-081,235,046
Funding target for retired participants and beneficiaries receiving payment2019-08-080
Number of terminated vested participants2019-08-081
Fundng target for terminated vested participants2019-08-082,280
Active participant vested funding target2019-08-081,427,685
Number of active participants2019-08-085
Total funding liabilities for active participants2019-08-081,427,685
Total participant count2019-08-086
Total funding target for all participants2019-08-081,429,965
Balance at beginning of prior year after applicable adjustments2019-08-080
Prefunding balance at beginning of prior year after applicable adjustments2019-08-08533,875
Carryover balanced portion elected for use to offset prior years funding requirement2019-08-080
Prefunding balanced used to offset prior years funding requirement2019-08-080
Amount remaining of carryover balance2019-08-080
Amount remaining of prefunding balance2019-08-08533,875
Present value of excess contributions2019-08-08133
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-08-08141
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-08-08141
Reductions in caryover balances due to elections or deemed elections2019-08-080
Reductions in prefunding balances due to elections or deemed elections2019-08-08368,253
Balance of carryovers at beginning of current year2019-08-080
Balance of prefunding at beginning of current year2019-08-0891,074
Contributions allocated toward unpaid minimum require contributions from prior years2019-08-080
Contributions made to avoid restrictions adjusted to valuation date2019-08-080
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-08-080
Liquidity shortfalls end of Q12019-08-080
Liquidity shortfalls end of Q22019-08-080
Liquidity shortfalls end of Q32019-08-080
Liquidity shortfalls end of Q42019-08-080
Unpaid minimum required contributions for all prior years2019-08-080
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-08-080
Remaining amount of unpaid minimum required contributions2019-08-080
Minimum required contributions for current year target normal cost2019-08-080
Net shortfall amortization installment of oustanding balance2019-08-08285,993
Waiver amortization installment2019-08-080
Total funding amount beforereflecting carryover/prefunding balances2019-08-0815,278
Carryover balance elected to use to offset funding requirement2019-08-080
Prefunding balance elected to use to offset funding requirement2019-08-0815,278
Additional cash requirement2019-08-080
Contributions allocatedtoward minimum required contributions for current year2019-08-080
Unpaid minimum required contributions for current year2019-08-080
Unpaid minimum required contributions for all years2019-08-080
2018: WILLIAM B. TOBIN DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets2018-12-311,923,129
Acturial value of plan assets2018-12-311,923,129
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-313
Fundng target for terminated vested participants2018-12-31798
Active participant vested funding target2018-12-311,495,791
Number of active participants2018-12-315
Total funding liabilities for active participants2018-12-311,500,536
Total participant count2018-12-318
Total funding target for all participants2018-12-311,501,334
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31400,859
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 balance2018-12-31400,859
Present value of excess contributions2018-12-31109,483
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31115,899
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31115,899
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 year2018-12-31533,875
Total employer contributions2018-12-312,100
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 date2018-12-311,935
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 cost2018-12-311,802
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-311,802
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-311,802
Contributions allocatedtoward minimum required contributions for current year2018-12-311,935
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-018
Total number of active participants reported on line 7a of the Form 55002018-01-015
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-011
Total of all active and inactive participants2018-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: WILLIAM B. TOBIN DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-312,002,133
Acturial value of plan assets2017-12-312,002,133
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-31220
Active participant vested funding target2017-12-311,625,668
Number of active participants2017-12-317
Total funding liabilities for active participants2017-12-311,629,287
Total participant count2017-12-319
Total funding target for all participants2017-12-311,629,507
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31291,930
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 balance2017-12-31291,930
Present value of excess contributions2017-12-3192,549
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3198,157
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3198,157
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 year2017-12-31400,859
Total employer contributions2017-12-31118,000
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 date2017-12-31111,272
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 cost2017-12-311,789
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-311,789
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-311,789
Contributions allocatedtoward minimum required contributions for current year2017-12-31111,272
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-019
Total number of active participants reported on line 7a of the Form 55002017-01-017
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-012
Total of all active and inactive participants2017-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: WILLIAM B. TOBIN DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-311,848,845
Acturial value of plan assets2016-12-311,848,845
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-31327
Active participant vested funding target2016-12-311,486,250
Number of active participants2016-12-318
Total funding liabilities for active participants2016-12-311,488,567
Total participant count2016-12-319
Total funding target for all participants2016-12-311,488,894
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31300,000
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 balance2016-12-31300,000
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 year2016-12-31291,930
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 date2016-12-3192,549
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 cost2016-12-314,580
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 balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-3192,549
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

Financial Data on WILLIAM B. TOBIN DEFINED BENEFIT PLAN

Measure Date Value
2018 : WILLIAM B. TOBIN DEFINED BENEFIT PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-232,492
Expenses. Total of all expenses incurred2018-12-31$456,800
Benefits paid (including direct rollovers)2018-12-31$445,000
Total plan assets at end of year2018-12-31$1,235,065
Total plan assets at beginning of year2018-12-31$1,924,357
Value of fidelity bond covering the plan2018-12-31$820,000
Total contributions received or receivable from participants2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$11,800
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-234,592
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-689,292
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,235,065
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,924,357
Assets. Value of real-estate (other than employer real property)2018-12-31$0
Total contributions received or receivable from employer(s)2018-12-31$2,100
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : WILLIAM B. TOBIN DEFINED BENEFIT PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$228,138
Expenses. Total of all expenses incurred2017-12-31$307,757
Benefits paid (including direct rollovers)2017-12-31$281,502
Total plan assets at end of year2017-12-31$1,924,357
Total plan assets at beginning of year2017-12-31$2,003,976
Value of fidelity bond covering the plan2017-12-31$511,069
Total contributions received or receivable from participants2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$110,138
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$-79,619
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,924,357
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$2,003,976
Assets. Value of real-estate (other than employer real property)2017-12-31$811,728
Total contributions received or receivable from employer(s)2017-12-31$118,000
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$26,255

Form 5500 Responses for WILLIAM B. TOBIN DEFINED BENEFIT PLAN

2018: WILLIAM B. TOBIN DEFINED BENEFIT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: WILLIAM B. TOBIN DEFINED BENEFIT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

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