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H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT 401k Plan overview

Plan NameH2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT
Plan identification number 001

H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT 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).
  • 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

H2OCEAN, LLC has sponsored the creation of one or more 401k plans.

Company Name:H2OCEAN, LLC
Employer identification number (EIN):010605608
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012015-01-01
0012014-01-01GERI KOLOS GERI KOLOS2015-08-03
0012014-01-01
0012013-01-01GERI KOLOS2014-10-15 GERI KOLOS2014-10-15
0012013-01-01
0012013-01-01
0012012-01-01
0012012-01-01
0012011-01-01GERI KOLOS GERI KOLOS2012-10-10
0012011-01-01
0012011-01-01
0012010-01-01

Plan Statistics for H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT

401k plan membership statisitcs for H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT

Measure Date Value
2022: H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT 2022 401k membership
Market value of plan assets2022-12-31629,522
Acturial value of plan assets2022-12-31629,522
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-3122
Fundng target for terminated vested participants2022-12-31347,207
Active participant vested funding target2022-12-311,078,016
Number of active participants2022-12-317
Total funding liabilities for active participants2022-12-311,078,016
Total participant count2022-12-3129
Total funding target for all participants2022-12-311,425,223
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 contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
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 year2022-12-310
Total employer contributions2022-12-31982,021
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-31612,183
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-31750,619
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-31612,183
Remaining amount of unpaid minimum required contributions2022-12-31138,436
Minimum required contributions for current year target normal cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-31795,701
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3182,464
Additional cash requirement2022-12-3182,464
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-3182,464
Unpaid minimum required contributions for all years2022-12-31220,900
2021: H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT 2021 401k membership
Market value of plan assets2021-12-31617,610
Acturial value of plan assets2021-12-31617,610
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-3122
Fundng target for terminated vested participants2021-12-31317,965
Active participant vested funding target2021-12-311,004,512
Number of active participants2021-12-318
Total funding liabilities for active participants2021-12-311,004,512
Total participant count2021-12-3130
Total funding target for all participants2021-12-311,322,477
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 contributions2021-12-310
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 date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-31679,559
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-31679,559
Minimum required contributions for current year target normal cost2021-12-310
Net shortfall amortization installment of oustanding balance2021-12-31704,867
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3171,060
Additional cash requirement2021-12-3171,060
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-3171,060
Unpaid minimum required contributions for all years2021-12-31750,619
2015: H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT 2015 401k membership
Market value of plan assets2015-12-31562,488
Acturial value of plan assets2015-12-31562,488
Funding target for retired participants and beneficiaries receiving payment2015-12-310
Number of terminated vested participants2015-12-3113
Fundng target for terminated vested participants2015-12-31524,628
Active participant vested funding target2015-12-31647,254
Number of active participants2015-12-3116
Total funding liabilities for active participants2015-12-31647,254
Total participant count2015-12-3129
Total funding target for all participants2015-12-311,171,882
Balance at beginning of prior year after applicable adjustments2015-12-310
Prefunding balance at beginning of prior year after applicable adjustments2015-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2015-12-310
Prefunding balanced used to offset prior years funding requirement2015-12-310
Amount remaining of carryover balance2015-12-310
Amount remaining of prefunding balance2015-12-310
Present value of excess contributions2015-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2015-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2015-12-310
Reductions in caryover balances due to elections or deemed elections2015-12-310
Reductions in prefunding balances due to elections or deemed elections2015-12-310
Balance of carryovers at beginning of current year2015-12-310
Balance of prefunding at beginning of current year2015-12-310
Total employer contributions2015-12-310
Total employee contributions2015-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2015-12-310
Contributions made to avoid restrictions adjusted to valuation date2015-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2015-12-310
Unpaid minimum required contributions for all prior years2015-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2015-12-310
Remaining amount of unpaid minimum required contributions2015-12-310
Minimum required contributions for current year target normal cost2015-12-310
Net shortfall amortization installment of oustanding balance2015-12-31609,394
Waiver amortization installment2015-12-310
Total funding amount beforereflecting carryover/prefunding balances2015-12-31130,080
Additional cash requirement2015-12-31130,080
Contributions allocatedtoward minimum required contributions for current year2015-12-310
Unpaid minimum required contributions for current year2015-12-31130,080
Unpaid minimum required contributions for all years2015-12-31130,080
2014: H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT 2014 401k membership
Total participants, beginning-of-year2014-01-0116
Total number of active participants reported on line 7a of the Form 55002014-01-0113
Total of all active and inactive participants2014-01-0113
Total participants2014-01-0113
2011: H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT 2011 401k membership
Total participants, beginning-of-year2011-01-019
Total number of active participants reported on line 7a of the Form 55002011-01-019
Total of all active and inactive participants2011-01-019
Total participants2011-01-019

Financial Data on H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT

Measure Date Value
2014 : H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT 2014 401k financial data
Total income from all sources2014-12-31$250,914
Expenses. Total of all expenses incurred2014-12-31$0
Total plan assets at end of year2014-12-31$741,966
Total plan assets at beginning of year2014-12-31$491,052
Other income received2014-12-31$24,553
Net income (gross income less expenses)2014-12-31$250,914
Net plan assets at end of year (total assets less liabilities)2014-12-31$741,966
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$491,052
Total contributions received or receivable from employer(s)2014-12-31$226,361
2011 : H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT 2011 401k financial data
Total income from all sources2011-12-31$203,571
Expenses. Total of all expenses incurred2011-12-31$101,087
Total plan assets at end of year2011-12-31$197,291
Total plan assets at beginning of year2011-12-31$94,807
Expenses. Other expenses not covered elsewhere2011-12-31$101,087
Other income received2011-12-31$7,677
Net income (gross income less expenses)2011-12-31$102,484
Net plan assets at end of year (total assets less liabilities)2011-12-31$197,291
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$94,807
Total contributions received or receivable from employer(s)2011-12-31$195,894
2010 : H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT 2010 401k financial data
Total income from all sources2010-12-31$205,645
Expenses. Total of all expenses incurred2010-12-31$110,838
Total plan assets at end of year2010-12-31$94,807
Expenses. Other expenses not covered elsewhere2010-12-31$110,838
Net income (gross income less expenses)2010-12-31$94,807
Net plan assets at end of year (total assets less liabilities)2010-12-31$94,807
Total contributions received or receivable from employer(s)2010-12-31$205,645

Form 5500 Responses for H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT

2014: H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – Section 412(e)(3) insurance ContractsYes
2014-01-01Plan benefit arrangement – Section 412(e)(3) insurance ContractsYes
2011: H2OCEAN, INC. DEFINED BENEFIT PENSION PLAN AND TRUST AGREEMENT 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – Section 412(e)(3) insurance ContractsYes
2011-01-01Plan benefit arrangement – Section 412(e)(3) insurance ContractsYes

Insurance Providers Used on plan

THE LAFAYETTE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65242 )
Policy contract numberC5429
Policy instance 1
Insurance contract or identification numberC5429
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Insurance broker organization code?3
Insurance broker nameADAM EDELEN
THE LAFAYETTE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65242 )
Policy contract numberC5429
Policy instance 1
Insurance contract or identification numberC5429
Number of Individuals Covered9
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $36,136

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