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A PLUS JAPANESE AUTO REPAIR, INC. CASH BALANCE PLAN & TRUST 401k Plan overview

Plan NameA PLUS JAPANESE AUTO REPAIR, INC. CASH BALANCE PLAN & TRUST
Plan identification number 002

A PLUS JAPANESE AUTO REPAIR, INC. CASH BALANCE PLAN & TRUST 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).
  • 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

A PLUS JAPANESE AUTO REPAIR has sponsored the creation of one or more 401k plans.

Company Name:A PLUS JAPANESE AUTO REPAIR
Employer identification number (EIN):943264703
NAIC Classification:811110
NAIC Description: Automotive Mechanical and Electrical Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan A PLUS JAPANESE AUTO REPAIR, INC. CASH BALANCE PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01ERIC SEVIM2024-05-16
0022022-01-01ERIC SEVIM2023-08-03 ERIC SEVIM2023-08-03
0022021-01-01ERIC SEVIM2022-10-03 ERIC SEVIM2022-10-03

Plan Statistics for A PLUS JAPANESE AUTO REPAIR, INC. CASH BALANCE PLAN & TRUST

401k plan membership statisitcs for A PLUS JAPANESE AUTO REPAIR, INC. CASH BALANCE PLAN & TRUST

Measure Date Value
2022: A PLUS JAPANESE AUTO REPAIR, INC. CASH BALANCE PLAN & TRUST 2022 401k membership
Market value of plan assets2022-12-31274,639
Acturial value of plan assets2022-12-31274,639
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-310
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-310
Number of active participants2022-12-3114
Total funding liabilities for active participants2022-12-31161,493
Total participant count2022-12-3114
Total funding target for all participants2022-12-31161,493
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
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 balance2022-12-310
Present value of excess contributions2022-12-31149,399
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31149,399
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-31145,000
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 year2022-12-31145,000
Total employer contributions2022-12-3115,787
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 date2022-12-3115,276
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 cost2022-12-31164,993
Net shortfall amortization installment of oustanding balance2022-12-3140,424
Total funding amount beforereflecting carryover/prefunding balances2022-12-31168,729
Prefunding balance elected to use to offset funding requirement2022-12-31153,453
Additional cash requirement2022-12-3115,276
Contributions allocatedtoward minimum required contributions for current year2022-12-3115,276
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: A PLUS JAPANESE AUTO REPAIR, INC. CASH BALANCE PLAN & TRUST 2021 401k membership
Market value of plan assets2021-12-310
Acturial value of plan assets2021-12-310
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-310
Number of active participants2021-12-3112
Total funding liabilities for active participants2021-12-310
Total participant count2021-12-3112
Total funding target for all participants2021-12-310
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
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 balance2021-12-310
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
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 year2021-12-310
Total employer contributions2021-12-31293,019
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 date2021-12-31287,930
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 cost2021-12-31138,531
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31138,531
Additional cash requirement2021-12-31138,531
Contributions allocatedtoward minimum required contributions for current year2021-12-31287,930
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310

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