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JEWELRY SALES, INC. DEFINED BENEFIT PLAN 401k Plan overview

Plan NameJEWELRY SALES, INC. DEFINED BENEFIT PLAN
Plan identification number 002

JEWELRY SALES, INC. DEFINED BENEFIT PLAN Benefits

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

401k Sponsoring company profile

JEWELRY SALES, INC. has sponsored the creation of one or more 401k plans.

Company Name:JEWELRY SALES, INC.
Employer identification number (EIN):131983239
NAIC Classification:423940
NAIC Description:Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers

Additional information about JEWELRY SALES, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1962-12-27
Company Identification Number: 153147
Legal Registered Office Address: 389 FIFTH AVENUE / SUITE 1212
New York
NEW YORK
United States of America (USA)
10016

More information about JEWELRY SALES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JEWELRY SALES, INC. DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01STACEY FRIEDMAN GREENFADER2024-10-11 STACEY FRIEDMAN GREENFADER2024-10-11
0022022-01-01STACEY FRIEDMAN GREENFADER2023-09-26 STACEY FRIEDMAN GREENFADER2023-09-26
0022021-01-01STACEY FRIEDMAN GREENFADER2022-10-04 STACEY FRIEDMAN GREENFADER2022-10-04
0022020-01-01STACEY FRIEDMAN2021-10-04 STACEY FRIEDMAN2021-10-04
0022019-01-01STACEY FRIEDMAN2020-10-14 STACEY FRIEDMAN2020-10-14
0022018-01-01
0022017-01-01STACEY FRIEDMAN GREENFADER2018-09-21 STACEY FRIEDMAN GREENFADER2018-09-21
0022016-01-01STACEY FRIEDMAN GREENFADER2017-10-11 STACEY FRIEDMAN GREENFADER2017-10-11
0022015-01-01STACEY FRIEDMAN GREENFADER2016-09-20 STACEY FRIEDMAN GREENFADER2016-09-20
0022014-01-01STACEY FRIEDMAN GREENF2015-09-29 STACEY FRIEDMAN GREENF2015-09-29
0022014-01-01STACEY FRIEDMAN GREENFADER2016-05-10 STACEY FRIEDMAN GREENFADER2016-05-10
0022013-01-01STACEY GREENFADER2015-05-13 STACEY GREENFADER2015-05-13
0022012-01-01STACEY FRIEDMAN GREENFADER2013-09-20 STACEY FRIEDMAN GREENFADER2013-09-20

Plan Statistics for JEWELRY SALES, INC. DEFINED BENEFIT PLAN

401k plan membership statisitcs for JEWELRY SALES, INC. DEFINED BENEFIT PLAN

Measure Date Value
2018: JEWELRY SALES, INC. DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets2018-12-31540,374
Acturial value of plan assets2018-12-31540,374
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-31824,260
Number of active participants2018-12-313
Total funding liabilities for active participants2018-12-31824,260
Total participant count2018-12-313
Total funding target for all participants2018-12-31824,260
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
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 balance2018-12-310
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
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 year2018-12-310
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 date2018-12-310
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 years2018-12-31282,285
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-31282,285
Minimum required contributions for current year target normal cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-31283,886
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3141,234
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-3141,234
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-3141,234
Unpaid minimum required contributions for all years2018-12-31323,519
Total participants, beginning-of-year2018-01-013
Total number of active participants reported on line 7a of the Form 55002018-01-013
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: JEWELRY SALES, INC. DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-31540,374
Acturial value of plan assets2017-12-31540,374
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-31632,727
Number of active participants2017-12-313
Total funding liabilities for active participants2017-12-31632,727
Total participant count2017-12-313
Total funding target for all participants2017-12-31632,727
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3116,554
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-3116,554
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
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 year2017-12-310
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 date2017-12-310
Unpaid minimum required contributions for all prior years2017-12-31147,140
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-31147,140
Minimum required contributions for current year target normal cost2017-12-31118,883
Net shortfall amortization installment of oustanding balance2017-12-3192,353
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31135,145
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31135,145
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-31135,145
Unpaid minimum required contributions for all years2017-12-31282,285
2016: JEWELRY SALES, INC. DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-31453,507
Acturial value of plan assets2016-12-31453,507
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-31551,496
Number of active participants2016-12-313
Total funding liabilities for active participants2016-12-31551,496
Total participant count2016-12-313
Total funding target for all participants2016-12-31551,496
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31114,731
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-3197,901
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3116,830
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 year2016-12-3116,554
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 date2016-12-310
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 cost2016-12-31144,926
Net shortfall amortization installment of oustanding balance2016-12-31115,599
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31164,750
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-3117,610
Additional cash requirement2016-12-31147,140
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-31147,140
Unpaid minimum required contributions for all years2016-12-31147,140

Financial Data on JEWELRY SALES, INC. DEFINED BENEFIT PLAN

Measure Date Value
2018 : JEWELRY SALES, INC. 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$0
Total income from all sources2018-12-31$-35,088
Expenses. Total of all expenses incurred2018-12-31$6,635
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$498,651
Total plan assets at beginning of year2018-12-31$540,374
Value of fidelity bond covering the plan2018-12-31$310,000
Total contributions received or receivable from participants2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$6,635
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-35,088
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-41,723
Net plan assets at end of year (total assets less liabilities)2018-12-31$498,651
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$540,374
Total contributions received or receivable from employer(s)2018-12-31$0
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

Form 5500 Responses for JEWELRY SALES, INC. DEFINED BENEFIT PLAN

2018: JEWELRY SALES, INC. 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

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