401k Plan data: SOUND COMMUNICATIONS, INC. DEFINED BENEFIT PENSION PLAN plan

SOUND COMMUNICATIONS, INC. DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan Name	SOUND COMMUNICATIONS, INC. DEFINED BENEFIT PENSION PLAN
Plan identification number	001

SOUND COMMUNICATIONS, INC. DEFINED BENEFIT PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
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).
Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
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

SOUND COMMUNICATIONS, INC. has sponsored the creation of one or more 401k plans.

Company Name: SOUND COMMUNICATIONS, INC.

Employer identification number (EIN): 133421459

NAIC Classification: 541800

Additional information about SOUND COMMUNICATIONS, INC.

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 1987-07-08

Company Identification Number: 1185351

Legal Registered Office Address: 305 MADISON AVE
46TH FL
NEW YORK
United States of America (USA)
10165

More information about SOUND COMMUNICATIONS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUND COMMUNICATIONS, INC. DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 JILL SACKLER 2024-02-27 JILL SACKLER 2024-02-27
001 2022-01-01 JILL SACKLER 2023-07-25 JILL SACKLER 2023-07-25
001 2021-01-01 JILL SACKLER 2022-02-01 JILL SACKLER 2022-02-01
001 2020-04-01 JILL SACKLER 2021-07-13 JILL SACKLER 2021-07-13
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01 STEVE SACKLER 2015-10-15
001 2013-01-01 STEVE SACKLER 2014-10-14
001 2012-01-01 STEVE SACKLER 2013-10-04
001 2011-01-01 STEVE SACKLER 2012-10-11
001 2010-01-01 STEVE SACKLER 2011-09-29

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01	JILL SACKLER	2024-02-27	JILL SACKLER	2024-02-27
001	2022-01-01	JILL SACKLER	2023-07-25	JILL SACKLER	2023-07-25
001	2021-01-01	JILL SACKLER	2022-02-01	JILL SACKLER	2022-02-01
001	2020-04-01	JILL SACKLER	2021-07-13	JILL SACKLER	2021-07-13
001	2019-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01
001	2015-01-01
001	2014-01-01	STEVE SACKLER	2015-10-15
001	2013-01-01	STEVE SACKLER	2014-10-14
001	2012-01-01	STEVE SACKLER	2013-10-04
001	2011-01-01	STEVE SACKLER	2012-10-11
001	2010-01-01	STEVE SACKLER	2011-09-29

Plan Statistics for SOUND COMMUNICATIONS, INC. DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for SOUND COMMUNICATIONS, INC. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2018: SOUND COMMUNICATIONS, INC. DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets 2018-12-31 1,038,459
Acturial value of plan assets 2018-12-31 1,038,459
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 2018-12-31 775,399
Number of active participants 2018-12-31 2
Total funding liabilities for active participants 2018-12-31 775,399
Total participant count 2018-12-31 2
Total funding target for all participants 2018-12-31 775,399
Balance at beginning of prior year after applicable adjustments 2018-12-31 957
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 74,530
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 2018-12-31 957
Amount remaining of prefunding balance 2018-12-31 74,530
Present value of excess contributions 2018-12-31 46,703
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 49,454
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 49,454
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 1,178
Balance of prefunding at beginning of current year 2018-12-31 141,215
Total employer contributions 2018-12-31 0
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 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 0
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 0
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 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: SOUND COMMUNICATIONS, INC. DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 803,303
Acturial value of plan assets 2017-12-31 803,303
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 2017-12-31 697,129
Number of active participants 2017-12-31 2
Total funding liabilities for active participants 2017-12-31 697,129
Total participant count 2017-12-31 2
Total funding target for all participants 2017-12-31 697,129
Balance at beginning of prior year after applicable adjustments 2017-12-31 871
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 22,536
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 2017-12-31 871
Amount remaining of prefunding balance 2017-12-31 22,536
Present value of excess contributions 2017-12-31 46,910
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 49,767
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 49,767
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 2017-12-31 957
Balance of prefunding at beginning of current year 2017-12-31 74,530
Total employer contributions 2017-12-31 50,000
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 46,703
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 0
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 0
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 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 46,703
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: SOUND COMMUNICATIONS, INC. DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 685,774
Acturial value of plan assets 2016-12-31 685,774
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 2016-12-31 642,591
Number of active participants 2016-12-31 2
Total funding liabilities for active participants 2016-12-31 642,591
Total participant count 2016-12-31 2
Total funding target for all participants 2016-12-31 642,591
Balance at beginning of prior year after applicable adjustments 2016-12-31 861
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 15,228
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 2016-12-31 861
Amount remaining of prefunding balance 2016-12-31 15,228
Present value of excess contributions 2016-12-31 6,708
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 7,130
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 7,130
Balance of carryovers at beginning of current year 2016-12-31 871
Balance of prefunding at beginning of current year 2016-12-31 22,536
Total employer contributions 2016-12-31 50,000
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 46,910
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 0
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Waived amount of outstanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
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 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 46,910
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
2018: SOUND COMMUNICATIONS, INC. DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	1,038,459
Acturial value of plan assets	2018-12-31	1,038,459
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	775,399
Number of active participants	2018-12-31	2
Total funding liabilities for active participants	2018-12-31	775,399
Total participant count	2018-12-31	2
Total funding target for all participants	2018-12-31	775,399
Balance at beginning of prior year after applicable adjustments	2018-12-31	957
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	74,530
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	957
Amount remaining of prefunding balance	2018-12-31	74,530
Present value of excess contributions	2018-12-31	46,703
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	49,454
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	49,454
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	1,178
Balance of prefunding at beginning of current year	2018-12-31	141,215
Total employer contributions	2018-12-31	0
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	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	0
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	0
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	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: SOUND COMMUNICATIONS, INC. DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	803,303
Acturial value of plan assets	2017-12-31	803,303
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	697,129
Number of active participants	2017-12-31	2
Total funding liabilities for active participants	2017-12-31	697,129
Total participant count	2017-12-31	2
Total funding target for all participants	2017-12-31	697,129
Balance at beginning of prior year after applicable adjustments	2017-12-31	871
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	22,536
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	871
Amount remaining of prefunding balance	2017-12-31	22,536
Present value of excess contributions	2017-12-31	46,910
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	49,767
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	49,767
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	957
Balance of prefunding at beginning of current year	2017-12-31	74,530
Total employer contributions	2017-12-31	50,000
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	46,703
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	0
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	0
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	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	46,703
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: SOUND COMMUNICATIONS, INC. DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	685,774
Acturial value of plan assets	2016-12-31	685,774
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	642,591
Number of active participants	2016-12-31	2
Total funding liabilities for active participants	2016-12-31	642,591
Total participant count	2016-12-31	2
Total funding target for all participants	2016-12-31	642,591
Balance at beginning of prior year after applicable adjustments	2016-12-31	861
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	15,228
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	861
Amount remaining of prefunding balance	2016-12-31	15,228
Present value of excess contributions	2016-12-31	6,708
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	7,130
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	7,130
Balance of carryovers at beginning of current year	2016-12-31	871
Balance of prefunding at beginning of current year	2016-12-31	22,536
Total employer contributions	2016-12-31	50,000
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	46,910
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	0
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
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	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	46,910
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:	SOUND COMMUNICATIONS, INC.
Employer identification number (EIN):	133421459
NAIC Classification:	541800

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	1987-07-08
Company Identification Number:	1185351
Legal Registered Office Address:	305 MADISON AVE 46TH FL NEW YORK United States of America (USA) 10165