401k Plan data: MONTE BROS., INC. CASH BALANCE PENSION TRUST plan

MONTE BROS., INC. CASH BALANCE PENSION TRUST 401k Plan overview

Plan Name	MONTE BROS., INC. CASH BALANCE PENSION TRUST
Plan identification number	003

MONTE BROS., INC. CASH BALANCE PENSION TRUST Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

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).
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
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

MONTE BROS. SOUND SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name: MONTE BROS. SOUND SYSTEMS, INC.

Employer identification number (EIN): 132633375

NAIC Classification: 541990
NAIC Description: All Other Professional, Scientific, and Technical Services

Additional information about MONTE BROS. SOUND SYSTEMS, INC.

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 1969-03-13

Company Identification Number: 273816

Legal Registered Office Address: 5 MENDHAM AVE
Westchester
HASTINGS-ON-HUDSON
United States of America (USA)
10706

More information about MONTE BROS. SOUND SYSTEMS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MONTE BROS., INC. CASH BALANCE PENSION TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2022-01-01 STEPHEN MINOZZI 2023-09-06
003 2021-01-01 STEPHEN MINOZZI 2022-10-06
003 2020-01-01 STEPHEN MINOZZI 2021-07-28
003 2019-01-01 STEPHEN MINOZZI 2020-08-14
003 2018-01-01 STEPHEN MINOZZI 2019-08-15
003 2017-01-01 STEPHEN MINOZZI 2018-05-01
003 2016-01-01 STEPHEN MINOZZI 2017-08-01
003 2015-01-01 STEPHEN MINOZZI 2016-08-29
003 2014-01-01 STEPHEN MINOZZI 2015-09-18
003 2013-01-01 STEPHEN MINOZZI 2014-09-24
003 2012-01-01 STEPHEN MINOZZI 2013-09-20
003 2011-01-01 STEPHEN MINOZZI 2012-10-03
003 2010-01-01 STEPHEN MINOZZI 2011-10-03

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
003	2022-01-01	STEPHEN MINOZZI	2023-09-06
003	2021-01-01	STEPHEN MINOZZI	2022-10-06
003	2020-01-01	STEPHEN MINOZZI	2021-07-28
003	2019-01-01	STEPHEN MINOZZI	2020-08-14
003	2018-01-01	STEPHEN MINOZZI	2019-08-15
003	2017-01-01	STEPHEN MINOZZI	2018-05-01
003	2016-01-01	STEPHEN MINOZZI	2017-08-01
003	2015-01-01	STEPHEN MINOZZI	2016-08-29
003	2014-01-01	STEPHEN MINOZZI	2015-09-18
003	2013-01-01	STEPHEN MINOZZI	2014-09-24
003	2012-01-01	STEPHEN MINOZZI	2013-09-20
003	2011-01-01	STEPHEN MINOZZI	2012-10-03
003	2010-01-01	STEPHEN MINOZZI	2011-10-03

Plan Statistics for MONTE BROS., INC. CASH BALANCE PENSION TRUST

401k plan membership statisitcs for MONTE BROS., INC. CASH BALANCE PENSION TRUST

Measure Date Value
2022: MONTE BROS., INC. CASH BALANCE PENSION TRUST 2022 401k membership
Market value of plan assets 2022-12-31 497,854
Acturial value of plan assets 2022-12-31 497,854
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 0
Number of terminated vested participants 2022-12-31 0
Fundng target for terminated vested participants 2022-12-31 0
Active participant vested funding target 2022-12-31 509,160
Number of active participants 2022-12-31 10
Total funding liabilities for active participants 2022-12-31 509,160
Total participant count 2022-12-31 10
Total funding target for all participants 2022-12-31 509,160
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 32,468
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 32,468
Present value of excess contributions 2022-12-31 50,716
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 50,716
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 32,039
Total employer contributions 2022-12-31 13,112
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 12,624
Liquidity shortfalls end of Q1 2022-12-31 0
Liquidity shortfalls end of Q2 2022-12-31 0
Liquidity shortfalls end of Q3 2022-12-31 0
Liquidity shortfalls end of Q4 2022-12-31 0
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 0
Net shortfall amortization installment of oustanding balance 2022-12-31 11,306
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 1,045
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 1,045
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 12,624
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: MONTE BROS., INC. CASH BALANCE PENSION TRUST 2021 401k membership
Market value of plan assets 2021-12-31 495,766
Acturial value of plan assets 2021-12-31 495,766
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 0
Number of terminated vested participants 2021-12-31 0
Fundng target for terminated vested participants 2021-12-31 0
Active participant vested funding target 2021-12-31 514,915
Number of active participants 2021-12-31 10
Total funding liabilities for active participants 2021-12-31 514,915
Total participant count 2021-12-31 10
Total funding target for all participants 2021-12-31 514,915
Balance at beginning of prior year after applicable adjustments 2021-12-31 642
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 42,055
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 642
Prefunding balanced used to offset prior years funding requirement 2021-12-31 10,569
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 31,486
Present value of excess contributions 2021-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 32,468
Total employer contributions 2021-12-31 60,000
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 57,751
Liquidity shortfalls end of Q1 2021-12-31 0
Liquidity shortfalls end of Q2 2021-12-31 0
Liquidity shortfalls end of Q3 2021-12-31 0
Liquidity shortfalls end of Q4 2021-12-31 0
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 0
Net shortfall amortization installment of oustanding balance 2021-12-31 19,149
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 7,035
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 7,035
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 57,751
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: MONTE BROS., INC. CASH BALANCE PENSION TRUST 2020 401k membership
Market value of plan assets 2020-12-31 589,824
Acturial value of plan assets 2020-12-31 589,824
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 0
Number of terminated vested participants 2020-12-31 0
Fundng target for terminated vested participants 2020-12-31 0
Active participant vested funding target 2020-12-31 599,959
Number of active participants 2020-12-31 11
Total funding liabilities for active participants 2020-12-31 599,959
Total participant count 2020-12-31 11
Total funding target for all participants 2020-12-31 599,959
Balance at beginning of prior year after applicable adjustments 2020-12-31 618
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 40,508
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 618
Amount remaining of prefunding balance 2020-12-31 40,508
Present value of excess contributions 2020-12-31 2,840
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 2,840
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 642
Balance of prefunding at beginning of current year 2020-12-31 42,055
Total employer contributions 2020-12-31 0
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 0
Liquidity shortfalls end of Q1 2020-12-31 0
Liquidity shortfalls end of Q2 2020-12-31 0
Liquidity shortfalls end of Q3 2020-12-31 0
Liquidity shortfalls end of Q4 2020-12-31 0
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 0
Net shortfall amortization installment of oustanding balance 2020-12-31 54,490
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 11,211
Carryover balance elected to use to offset funding requirement 2020-12-31 642
Prefunding balance elected to use to offset funding requirement 2020-12-31 10,569
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: MONTE BROS., INC. CASH BALANCE PENSION TRUST 2019 401k membership
Market value of plan assets 2019-12-31 544,645
Acturial value of plan assets 2019-12-31 544,645
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 0
Fundng target for terminated vested participants 2019-12-31 0
Active participant vested funding target 2019-12-31 589,621
Number of active participants 2019-12-31 11
Total funding liabilities for active participants 2019-12-31 589,621
Total participant count 2019-12-31 11
Total funding target for all participants 2019-12-31 589,621
Balance at beginning of prior year after applicable adjustments 2019-12-31 614
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 40,258
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 614
Amount remaining of prefunding balance 2019-12-31 40,258
Present value of excess contributions 2019-12-31 4,249
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 4,249
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 618
Balance of prefunding at beginning of current year 2019-12-31 40,508
Total employer contributions 2019-12-31 58,100
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 54,512
Liquidity shortfalls end of Q1 2019-12-31 0
Liquidity shortfalls end of Q2 2019-12-31 0
Liquidity shortfalls end of Q3 2019-12-31 0
Liquidity shortfalls end of Q4 2019-12-31 0
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 43,109
Net shortfall amortization installment of oustanding balance 2019-12-31 44,976
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 51,672
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 0
Additional cash requirement 2019-12-31 51,672
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 54,512
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: MONTE BROS., INC. CASH BALANCE PENSION TRUST 2018 401k membership
Market value of plan assets 2018-12-31 491,236
Acturial value of plan assets 2018-12-31 491,236
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 0
Fundng target for terminated vested participants 2018-12-31 0
Active participant vested funding target 2018-12-31 524,092
Number of active participants 2018-12-31 11
Total funding liabilities for active participants 2018-12-31 524,092
Total participant count 2018-12-31 11
Total funding target for all participants 2018-12-31 524,092
Balance at beginning of prior year after applicable adjustments 2018-12-31 610
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 39,974
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 610
Amount remaining of prefunding balance 2018-12-31 39,974
Present value of excess contributions 2018-12-31 7,266
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 7,266
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 614
Balance of prefunding at beginning of current year 2018-12-31 40,258
Total employer contributions 2018-12-31 63,268
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 59,713
Liquidity shortfalls end of Q1 2018-12-31 0
Liquidity shortfalls end of Q2 2018-12-31 0
Liquidity shortfalls end of Q3 2018-12-31 0
Liquidity shortfalls end of Q4 2018-12-31 0
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 49,576
Net shortfall amortization installment of oustanding balance 2018-12-31 32,856
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 55,464
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 55,464
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 59,713
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: MONTE BROS., INC. CASH BALANCE PENSION TRUST 2017 401k membership
Market value of plan assets 2017-12-31 494,308
Acturial value of plan assets 2017-12-31 494,308
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 0
Fundng target for terminated vested participants 2017-12-31 0
Active participant vested funding target 2017-12-31 521,308
Number of active participants 2017-12-31 11
Total funding liabilities for active participants 2017-12-31 521,308
Total participant count 2017-12-31 11
Total funding target for all participants 2017-12-31 521,308
Balance at beginning of prior year after applicable adjustments 2017-12-31 606
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 39,708
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 606
Amount remaining of prefunding balance 2017-12-31 39,708
Present value of excess contributions 2017-12-31 2,259
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 2,259
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 610
Balance of prefunding at beginning of current year 2017-12-31 39,974
Total employer contributions 2017-12-31 45,579
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 44,574
Liquidity shortfalls end of Q1 2017-12-31 0
Liquidity shortfalls end of Q2 2017-12-31 0
Liquidity shortfalls end of Q3 2017-12-31 0
Liquidity shortfalls end of Q4 2017-12-31 0
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 32,874
Net shortfall amortization installment of oustanding balance 2017-12-31 27,000
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 37,308
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 0
Additional cash requirement 2017-12-31 37,308
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 44,574
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: MONTE BROS., INC. CASH BALANCE PENSION TRUST 2016 401k membership
Market value of plan assets 2016-12-31 438,869
Acturial value of plan assets 2016-12-31 438,869
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 0
Fundng target for terminated vested participants 2016-12-31 0
Active participant vested funding target 2016-12-31 448,654
Number of active participants 2016-12-31 10
Total funding liabilities for active participants 2016-12-31 448,654
Total participant count 2016-12-31 10
Total funding target for all participants 2016-12-31 448,654
Balance at beginning of prior year after applicable adjustments 2016-12-31 598
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 39,191
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 598
Amount remaining of prefunding balance 2016-12-31 39,191
Present value of excess contributions 2016-12-31 800
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 800
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 606
Balance of prefunding at beginning of current year 2016-12-31 39,708
Total employer contributions 2016-12-31 65,000
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 63,615
Liquidity shortfalls end of Q1 2016-12-31 0
Liquidity shortfalls end of Q2 2016-12-31 0
Liquidity shortfalls end of Q3 2016-12-31 0
Liquidity shortfalls end of Q4 2016-12-31 0
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 59,739
Net shortfall amortization installment of oustanding balance 2016-12-31 9,785
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 61,356
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 61,356
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 63,615
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2022: MONTE BROS., INC. CASH BALANCE PENSION TRUST 2022 401k membership
Market value of plan assets	2022-12-31	497,854
Acturial value of plan assets	2022-12-31	497,854
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	0
Fundng target for terminated vested participants	2022-12-31	0
Active participant vested funding target	2022-12-31	509,160
Number of active participants	2022-12-31	10
Total funding liabilities for active participants	2022-12-31	509,160
Total participant count	2022-12-31	10
Total funding target for all participants	2022-12-31	509,160
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	32,468
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	32,468
Present value of excess contributions	2022-12-31	50,716
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	50,716
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	32,039
Total employer contributions	2022-12-31	13,112
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	12,624
Liquidity shortfalls end of Q1	2022-12-31	0
Liquidity shortfalls end of Q2	2022-12-31	0
Liquidity shortfalls end of Q3	2022-12-31	0
Liquidity shortfalls end of Q4	2022-12-31	0
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	0
Net shortfall amortization installment of oustanding balance	2022-12-31	11,306
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	1,045
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	1,045
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	12,624
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: MONTE BROS., INC. CASH BALANCE PENSION TRUST 2021 401k membership
Market value of plan assets	2021-12-31	495,766
Acturial value of plan assets	2021-12-31	495,766
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	0
Fundng target for terminated vested participants	2021-12-31	0
Active participant vested funding target	2021-12-31	514,915
Number of active participants	2021-12-31	10
Total funding liabilities for active participants	2021-12-31	514,915
Total participant count	2021-12-31	10
Total funding target for all participants	2021-12-31	514,915
Balance at beginning of prior year after applicable adjustments	2021-12-31	642
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	42,055
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	642
Prefunding balanced used to offset prior years funding requirement	2021-12-31	10,569
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	31,486
Present value of excess contributions	2021-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	32,468
Total employer contributions	2021-12-31	60,000
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	57,751
Liquidity shortfalls end of Q1	2021-12-31	0
Liquidity shortfalls end of Q2	2021-12-31	0
Liquidity shortfalls end of Q3	2021-12-31	0
Liquidity shortfalls end of Q4	2021-12-31	0
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	0
Net shortfall amortization installment of oustanding balance	2021-12-31	19,149
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	7,035
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	7,035
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	57,751
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: MONTE BROS., INC. CASH BALANCE PENSION TRUST 2020 401k membership
Market value of plan assets	2020-12-31	589,824
Acturial value of plan assets	2020-12-31	589,824
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	0
Fundng target for terminated vested participants	2020-12-31	0
Active participant vested funding target	2020-12-31	599,959
Number of active participants	2020-12-31	11
Total funding liabilities for active participants	2020-12-31	599,959
Total participant count	2020-12-31	11
Total funding target for all participants	2020-12-31	599,959
Balance at beginning of prior year after applicable adjustments	2020-12-31	618
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	40,508
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	618
Amount remaining of prefunding balance	2020-12-31	40,508
Present value of excess contributions	2020-12-31	2,840
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	2,840
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	642
Balance of prefunding at beginning of current year	2020-12-31	42,055
Total employer contributions	2020-12-31	0
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	0
Liquidity shortfalls end of Q1	2020-12-31	0
Liquidity shortfalls end of Q2	2020-12-31	0
Liquidity shortfalls end of Q3	2020-12-31	0
Liquidity shortfalls end of Q4	2020-12-31	0
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	0
Net shortfall amortization installment of oustanding balance	2020-12-31	54,490
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	11,211
Carryover balance elected to use to offset funding requirement	2020-12-31	642
Prefunding balance elected to use to offset funding requirement	2020-12-31	10,569
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: MONTE BROS., INC. CASH BALANCE PENSION TRUST 2019 401k membership
Market value of plan assets	2019-12-31	544,645
Acturial value of plan assets	2019-12-31	544,645
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	0
Fundng target for terminated vested participants	2019-12-31	0
Active participant vested funding target	2019-12-31	589,621
Number of active participants	2019-12-31	11
Total funding liabilities for active participants	2019-12-31	589,621
Total participant count	2019-12-31	11
Total funding target for all participants	2019-12-31	589,621
Balance at beginning of prior year after applicable adjustments	2019-12-31	614
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	40,258
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	614
Amount remaining of prefunding balance	2019-12-31	40,258
Present value of excess contributions	2019-12-31	4,249
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	4,249
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	618
Balance of prefunding at beginning of current year	2019-12-31	40,508
Total employer contributions	2019-12-31	58,100
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	54,512
Liquidity shortfalls end of Q1	2019-12-31	0
Liquidity shortfalls end of Q2	2019-12-31	0
Liquidity shortfalls end of Q3	2019-12-31	0
Liquidity shortfalls end of Q4	2019-12-31	0
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	43,109
Net shortfall amortization installment of oustanding balance	2019-12-31	44,976
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	51,672
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	0
Additional cash requirement	2019-12-31	51,672
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	54,512
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: MONTE BROS., INC. CASH BALANCE PENSION TRUST 2018 401k membership
Market value of plan assets	2018-12-31	491,236
Acturial value of plan assets	2018-12-31	491,236
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	0
Fundng target for terminated vested participants	2018-12-31	0
Active participant vested funding target	2018-12-31	524,092
Number of active participants	2018-12-31	11
Total funding liabilities for active participants	2018-12-31	524,092
Total participant count	2018-12-31	11
Total funding target for all participants	2018-12-31	524,092
Balance at beginning of prior year after applicable adjustments	2018-12-31	610
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	39,974
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	610
Amount remaining of prefunding balance	2018-12-31	39,974
Present value of excess contributions	2018-12-31	7,266
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	7,266
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	614
Balance of prefunding at beginning of current year	2018-12-31	40,258
Total employer contributions	2018-12-31	63,268
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	59,713
Liquidity shortfalls end of Q1	2018-12-31	0
Liquidity shortfalls end of Q2	2018-12-31	0
Liquidity shortfalls end of Q3	2018-12-31	0
Liquidity shortfalls end of Q4	2018-12-31	0
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	49,576
Net shortfall amortization installment of oustanding balance	2018-12-31	32,856
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	55,464
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	55,464
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	59,713
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: MONTE BROS., INC. CASH BALANCE PENSION TRUST 2017 401k membership
Market value of plan assets	2017-12-31	494,308
Acturial value of plan assets	2017-12-31	494,308
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	0
Fundng target for terminated vested participants	2017-12-31	0
Active participant vested funding target	2017-12-31	521,308
Number of active participants	2017-12-31	11
Total funding liabilities for active participants	2017-12-31	521,308
Total participant count	2017-12-31	11
Total funding target for all participants	2017-12-31	521,308
Balance at beginning of prior year after applicable adjustments	2017-12-31	606
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	39,708
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	606
Amount remaining of prefunding balance	2017-12-31	39,708
Present value of excess contributions	2017-12-31	2,259
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	2,259
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	610
Balance of prefunding at beginning of current year	2017-12-31	39,974
Total employer contributions	2017-12-31	45,579
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	44,574
Liquidity shortfalls end of Q1	2017-12-31	0
Liquidity shortfalls end of Q2	2017-12-31	0
Liquidity shortfalls end of Q3	2017-12-31	0
Liquidity shortfalls end of Q4	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	32,874
Net shortfall amortization installment of oustanding balance	2017-12-31	27,000
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	37,308
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	0
Additional cash requirement	2017-12-31	37,308
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	44,574
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: MONTE BROS., INC. CASH BALANCE PENSION TRUST 2016 401k membership
Market value of plan assets	2016-12-31	438,869
Acturial value of plan assets	2016-12-31	438,869
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	0
Fundng target for terminated vested participants	2016-12-31	0
Active participant vested funding target	2016-12-31	448,654
Number of active participants	2016-12-31	10
Total funding liabilities for active participants	2016-12-31	448,654
Total participant count	2016-12-31	10
Total funding target for all participants	2016-12-31	448,654
Balance at beginning of prior year after applicable adjustments	2016-12-31	598
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	39,191
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	598
Amount remaining of prefunding balance	2016-12-31	39,191
Present value of excess contributions	2016-12-31	800
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	800
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	606
Balance of prefunding at beginning of current year	2016-12-31	39,708
Total employer contributions	2016-12-31	65,000
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	63,615
Liquidity shortfalls end of Q1	2016-12-31	0
Liquidity shortfalls end of Q2	2016-12-31	0
Liquidity shortfalls end of Q3	2016-12-31	0
Liquidity shortfalls end of Q4	2016-12-31	0
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	59,739
Net shortfall amortization installment of oustanding balance	2016-12-31	9,785
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	61,356
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	61,356
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	63,615
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	MONTE BROS. SOUND SYSTEMS, INC.
Employer identification number (EIN):	132633375
NAIC Classification:	541990
NAIC Description:	All Other Professional, Scientific, and Technical Services

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	1969-03-13
Company Identification Number:	273816
Legal Registered Office Address:	5 MENDHAM AVE Westchester HASTINGS-ON-HUDSON United States of America (USA) 10706