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AMERICAN CONTRACTORS, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameAMERICAN CONTRACTORS, INC. CASH BALANCE PENSION PLAN
Plan identification number 002

AMERICAN CONTRACTORS, INC. CASH BALANCE PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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).
  • 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).
  • 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

AMERICAN CONTRACTORS, INC. has sponsored the creation of one or more 401k plans.

Company Name:AMERICAN CONTRACTORS, INC.
Employer identification number (EIN):952887478
NAIC Classification:238220
NAIC Description:Plumbing, Heating, and Air-Conditioning Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AMERICAN CONTRACTORS, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-04-01
0022021-04-01
0022020-04-01
0022019-04-01
0022018-04-01
0022017-04-01SUSAN ASSURAS2019-01-14 SUSAN ASSURAS2019-01-14
0022017-04-01
0022016-04-01SUSAN ASSURAS2017-09-28 SUSAN ASSURAS2017-09-28
0022015-04-01GILBERT WIGGAM2016-11-15 GILBERT WIGGAM2016-11-15
0022014-04-01GILBERT WIGGAM2016-01-06 GILBERT WIGGAM2016-01-06
0022013-04-01GILBERT WIGGAM2014-09-05 GILBERT WIGGAM2014-09-05

Plan Statistics for AMERICAN CONTRACTORS, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for AMERICAN CONTRACTORS, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2023: AMERICAN CONTRACTORS, INC. CASH BALANCE PENSION PLAN 2023 401k membership
Market value of plan assets2023-03-31448,530
Acturial value of plan assets2023-03-31448,530
Funding target for retired participants and beneficiaries receiving payment2023-03-310
Number of terminated vested participants2023-03-313
Fundng target for terminated vested participants2023-03-319,543
Active participant vested funding target2023-03-31453,548
Number of active participants2023-03-317
Total funding liabilities for active participants2023-03-31453,548
Total participant count2023-03-3110
Total funding target for all participants2023-03-31463,091
Balance at beginning of prior year after applicable adjustments2023-03-310
Prefunding balance at beginning of prior year after applicable adjustments2023-03-310
Carryover balanced portion elected for use to offset prior years funding requirement2023-03-310
Prefunding balanced used to offset prior years funding requirement2023-03-310
Amount remaining of carryover balance2023-03-310
Amount remaining of prefunding balance2023-03-310
Present value of excess contributions2023-03-3182,450
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-03-3182,450
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-03-310
Reductions in caryover balances due to elections or deemed elections2023-03-310
Reductions in prefunding balances due to elections or deemed elections2023-03-310
Balance of carryovers at beginning of current year2023-03-310
Balance of prefunding at beginning of current year2023-03-310
Total employer contributions2023-03-31328,169
Total employee contributions2023-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2023-03-310
Contributions made to avoid restrictions adjusted to valuation date2023-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-03-31319,436
Unpaid minimum required contributions for all prior years2023-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-03-310
Remaining amount of unpaid minimum required contributions2023-03-310
Minimum required contributions for current year target normal cost2023-03-31314,374
Net shortfall amortization installment of oustanding balance2023-03-3114,561
Waiver amortization installment2023-03-310
Total funding amount beforereflecting carryover/prefunding balances2023-03-31315,720
Carryover balance elected to use to offset funding requirement2023-03-310
Prefunding balance elected to use to offset funding requirement2023-03-310
Additional cash requirement2023-03-31315,720
Contributions allocatedtoward minimum required contributions for current year2023-03-31319,436
Unpaid minimum required contributions for current year2023-03-310
Unpaid minimum required contributions for all years2023-03-310
2022: AMERICAN CONTRACTORS, INC. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets2022-03-31430,953
Acturial value of plan assets2022-03-31430,953
Funding target for retired participants and beneficiaries receiving payment2022-03-310
Number of terminated vested participants2022-03-314
Fundng target for terminated vested participants2022-03-3110,333
Active participant vested funding target2022-03-31335,307
Number of active participants2022-03-318
Total funding liabilities for active participants2022-03-31335,307
Total participant count2022-03-3112
Total funding target for all participants2022-03-31345,640
Balance at beginning of prior year after applicable adjustments2022-03-310
Prefunding balance at beginning of prior year after applicable adjustments2022-03-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-03-310
Prefunding balanced used to offset prior years funding requirement2022-03-310
Amount remaining of carryover balance2022-03-310
Amount remaining of prefunding balance2022-03-310
Present value of excess contributions2022-03-3167,557
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-03-3167,557
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-03-310
Reductions in caryover balances due to elections or deemed elections2022-03-310
Reductions in prefunding balances due to elections or deemed elections2022-03-310
Balance of carryovers at beginning of current year2022-03-310
Balance of prefunding at beginning of current year2022-03-310
Total employer contributions2022-03-31317,918
Total employee contributions2022-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-03-310
Contributions made to avoid restrictions adjusted to valuation date2022-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-03-31305,352
Unpaid minimum required contributions for all prior years2022-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-03-310
Remaining amount of unpaid minimum required contributions2022-03-310
Minimum required contributions for current year target normal cost2022-03-31308,215
Net shortfall amortization installment of oustanding balance2022-03-310
Waiver amortization installment2022-03-310
Total funding amount beforereflecting carryover/prefunding balances2022-03-31222,902
Carryover balance elected to use to offset funding requirement2022-03-310
Prefunding balance elected to use to offset funding requirement2022-03-310
Additional cash requirement2022-03-31222,902
Contributions allocatedtoward minimum required contributions for current year2022-03-31305,352
Unpaid minimum required contributions for current year2022-03-310
Unpaid minimum required contributions for all years2022-03-310
2021: AMERICAN CONTRACTORS, INC. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-03-31771,789
Acturial value of plan assets2021-03-31771,789
Funding target for retired participants and beneficiaries receiving payment2021-03-310
Number of terminated vested participants2021-03-313
Fundng target for terminated vested participants2021-03-315,804
Active participant vested funding target2021-03-31575,305
Number of active participants2021-03-319
Total funding liabilities for active participants2021-03-31575,305
Total participant count2021-03-3112
Total funding target for all participants2021-03-31581,109
Balance at beginning of prior year after applicable adjustments2021-03-310
Prefunding balance at beginning of prior year after applicable adjustments2021-03-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-03-310
Prefunding balanced used to offset prior years funding requirement2021-03-310
Amount remaining of carryover balance2021-03-310
Amount remaining of prefunding balance2021-03-310
Present value of excess contributions2021-03-3157,459
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-03-3157,459
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-03-310
Reductions in caryover balances due to elections or deemed elections2021-03-310
Reductions in prefunding balances due to elections or deemed elections2021-03-310
Balance of carryovers at beginning of current year2021-03-310
Balance of prefunding at beginning of current year2021-03-310
Total employer contributions2021-03-31188,738
Total employee contributions2021-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-03-310
Contributions made to avoid restrictions adjusted to valuation date2021-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-03-31186,491
Unpaid minimum required contributions for all prior years2021-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-03-310
Remaining amount of unpaid minimum required contributions2021-03-310
Minimum required contributions for current year target normal cost2021-03-31309,614
Net shortfall amortization installment of oustanding balance2021-03-310
Waiver amortization installment2021-03-310
Total funding amount beforereflecting carryover/prefunding balances2021-03-31118,934
Carryover balance elected to use to offset funding requirement2021-03-310
Prefunding balance elected to use to offset funding requirement2021-03-310
Additional cash requirement2021-03-31118,934
Contributions allocatedtoward minimum required contributions for current year2021-03-31186,491
Unpaid minimum required contributions for current year2021-03-310
Unpaid minimum required contributions for all years2021-03-310
2020: AMERICAN CONTRACTORS, INC. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-03-31547,758
Acturial value of plan assets2020-03-31547,758
Funding target for retired participants and beneficiaries receiving payment2020-03-310
Number of terminated vested participants2020-03-311
Fundng target for terminated vested participants2020-03-313,319
Active participant vested funding target2020-03-31485,930
Number of active participants2020-03-3111
Total funding liabilities for active participants2020-03-31490,386
Total participant count2020-03-3112
Total funding target for all participants2020-03-31493,705
Balance at beginning of prior year after applicable adjustments2020-03-310
Prefunding balance at beginning of prior year after applicable adjustments2020-03-3122,258
Carryover balanced portion elected for use to offset prior years funding requirement2020-03-310
Prefunding balanced used to offset prior years funding requirement2020-03-310
Amount remaining of carryover balance2020-03-310
Amount remaining of prefunding balance2020-03-3122,258
Present value of excess contributions2020-03-3127,228
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-03-3128,897
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-03-310
Reductions in caryover balances due to elections or deemed elections2020-03-310
Reductions in prefunding balances due to elections or deemed elections2020-03-3123,769
Balance of carryovers at beginning of current year2020-03-310
Balance of prefunding at beginning of current year2020-03-310
Total employer contributions2020-03-31317,418
Total employee contributions2020-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-03-310
Contributions made to avoid restrictions adjusted to valuation date2020-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-03-31297,426
Unpaid minimum required contributions for all prior years2020-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-03-310
Remaining amount of unpaid minimum required contributions2020-03-310
Minimum required contributions for current year target normal cost2020-03-31294,020
Net shortfall amortization installment of oustanding balance2020-03-310
Waiver amortization installment2020-03-310
Total funding amount beforereflecting carryover/prefunding balances2020-03-31239,967
Carryover balance elected to use to offset funding requirement2020-03-310
Prefunding balance elected to use to offset funding requirement2020-03-310
Additional cash requirement2020-03-31239,967
Contributions allocatedtoward minimum required contributions for current year2020-03-31297,426
Unpaid minimum required contributions for current year2020-03-310
Unpaid minimum required contributions for all years2020-03-310
2019: AMERICAN CONTRACTORS, INC. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-03-31458,006
Acturial value of plan assets2019-03-31458,006
Funding target for retired participants and beneficiaries receiving payment2019-03-310
Number of terminated vested participants2019-03-312
Fundng target for terminated vested participants2019-03-312,963
Active participant vested funding target2019-03-31434,177
Number of active participants2019-03-3110
Total funding liabilities for active participants2019-03-31436,271
Total participant count2019-03-3112
Total funding target for all participants2019-03-31439,234
Balance at beginning of prior year after applicable adjustments2019-03-310
Prefunding balance at beginning of prior year after applicable adjustments2019-03-3121,222
Carryover balanced portion elected for use to offset prior years funding requirement2019-03-310
Prefunding balanced used to offset prior years funding requirement2019-03-310
Amount remaining of carryover balance2019-03-310
Amount remaining of prefunding balance2019-03-3121,222
Present value of excess contributions2019-03-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-03-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-03-310
Reductions in caryover balances due to elections or deemed elections2019-03-310
Reductions in prefunding balances due to elections or deemed elections2019-03-310
Balance of carryovers at beginning of current year2019-03-310
Balance of prefunding at beginning of current year2019-03-3122,258
Total employer contributions2019-03-31345,975
Total employee contributions2019-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-03-310
Contributions made to avoid restrictions adjusted to valuation date2019-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-03-31320,997
Unpaid minimum required contributions for all prior years2019-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-03-310
Remaining amount of unpaid minimum required contributions2019-03-310
Minimum required contributions for current year target normal cost2019-03-31290,861
Net shortfall amortization installment of oustanding balance2019-03-316,900
Waiver amortization installment2019-03-310
Total funding amount beforereflecting carryover/prefunding balances2019-03-31293,769
Carryover balance elected to use to offset funding requirement2019-03-310
Prefunding balance elected to use to offset funding requirement2019-03-310
Additional cash requirement2019-03-31293,769
Contributions allocatedtoward minimum required contributions for current year2019-03-31320,997
Unpaid minimum required contributions for current year2019-03-310
Unpaid minimum required contributions for all years2019-03-310
2018: AMERICAN CONTRACTORS, INC. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-03-31404,254
Acturial value of plan assets2018-03-31404,254
Funding target for retired participants and beneficiaries receiving payment2018-03-310
Number of terminated vested participants2018-03-312
Fundng target for terminated vested participants2018-03-312,628
Active participant vested funding target2018-03-31389,947
Number of active participants2018-03-316
Total funding liabilities for active participants2018-03-31389,947
Total participant count2018-03-318
Total funding target for all participants2018-03-31392,575
Balance at beginning of prior year after applicable adjustments2018-03-310
Prefunding balance at beginning of prior year after applicable adjustments2018-03-3119,407
Carryover balanced portion elected for use to offset prior years funding requirement2018-03-310
Prefunding balanced used to offset prior years funding requirement2018-03-311
Amount remaining of carryover balance2018-03-310
Amount remaining of prefunding balance2018-03-3119,406
Present value of excess contributions2018-03-31420
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-03-31420
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-03-31419
Reductions in caryover balances due to elections or deemed elections2018-03-310
Reductions in prefunding balances due to elections or deemed elections2018-03-310
Balance of carryovers at beginning of current year2018-03-310
Balance of prefunding at beginning of current year2018-03-3121,222
Total employer contributions2018-03-31638,716
Total employee contributions2018-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-03-310
Contributions made to avoid restrictions adjusted to valuation date2018-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-03-31288,961
Unpaid minimum required contributions for all prior years2018-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-03-310
Remaining amount of unpaid minimum required contributions2018-03-310
Minimum required contributions for current year target normal cost2018-03-31286,053
Net shortfall amortization installment of oustanding balance2018-03-319,811
Waiver amortization installment2018-03-310
Total funding amount beforereflecting carryover/prefunding balances2018-03-31288,961
Carryover balance elected to use to offset funding requirement2018-03-310
Prefunding balance elected to use to offset funding requirement2018-03-310
Additional cash requirement2018-03-31288,961
Contributions allocatedtoward minimum required contributions for current year2018-03-31288,961
Unpaid minimum required contributions for current year2018-03-310
Unpaid minimum required contributions for all years2018-03-310
2017: AMERICAN CONTRACTORS, INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-03-3196,848
Acturial value of plan assets2017-03-3196,848
Funding target for retired participants and beneficiaries receiving payment2017-03-310
Number of terminated vested participants2017-03-311
Fundng target for terminated vested participants2017-03-31984
Active participant vested funding target2017-03-3187,327
Number of active participants2017-03-317
Total funding liabilities for active participants2017-03-3187,327
Total participant count2017-03-318
Total funding target for all participants2017-03-3188,311
Balance at beginning of prior year after applicable adjustments2017-03-310
Prefunding balance at beginning of prior year after applicable adjustments2017-03-3124,015
Carryover balanced portion elected for use to offset prior years funding requirement2017-03-310
Prefunding balanced used to offset prior years funding requirement2017-03-314,382
Amount remaining of carryover balance2017-03-310
Amount remaining of prefunding balance2017-03-3119,633
Present value of excess contributions2017-03-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-03-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-03-310
Reductions in caryover balances due to elections or deemed elections2017-03-310
Reductions in prefunding balances due to elections or deemed elections2017-03-310
Balance of carryovers at beginning of current year2017-03-310
Balance of prefunding at beginning of current year2017-03-3119,407
Total employer contributions2017-03-31311,000
Total employee contributions2017-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-03-310
Contributions made to avoid restrictions adjusted to valuation date2017-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-03-31301,121
Unpaid minimum required contributions for all prior years2017-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-03-310
Remaining amount of unpaid minimum required contributions2017-03-310
Minimum required contributions for current year target normal cost2017-03-31297,794
Net shortfall amortization installment of oustanding balance2017-03-3112,159
Waiver amortization installment2017-03-310
Waived amount of outstanding balance2017-03-310
Total funding amount beforereflecting carryover/prefunding balances2017-03-31300,702
Carryover balance elected to use to offset funding requirement2017-03-310
Prefunding balance elected to use to offset funding requirement2017-03-311
Additional cash requirement2017-03-31300,701
Contributions allocatedtoward minimum required contributions for current year2017-03-31301,121
Unpaid minimum required contributions for current year2017-03-310
Unpaid minimum required contributions for all years2017-03-310

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