401k Plan data: GARITO CONTRACTING, INC. CASH BALANCE PENSION PLAN plan

GARITO CONTRACTING, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan Name	GARITO CONTRACTING, INC. CASH BALANCE PENSION PLAN
Plan identification number	001

GARITO CONTRACTING, INC. CASH BALANCE PENSION PLAN Benefits

401k Plan Type

Defined 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).
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).

401k Sponsoring company profile

GARITO CONTRACTING, INC. has sponsored the creation of one or more 401k plans.

Company Name: GARITO CONTRACTING, INC.

Employer identification number (EIN): 133496736

NAIC Classification: 238900

Additional information about GARITO CONTRACTING, INC.

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 1988-11-16

Company Identification Number: 1306922

Legal Registered Office Address: 791 NEPPERHAN AVENUE
Westchester
YONKERS
United States of America (USA)
10703

More information about GARITO CONTRACTING, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GARITO CONTRACTING, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-10-01
001 2016-10-01 JAMES GARITO 2018-07-16 JAMES GARITO 2018-07-16
001 2015-10-01 JAMES GARITO 2017-06-20 JAMES GARITO 2017-06-20
001 2014-10-01 JAMES GARITO 2016-03-31 JAMES GARITO 2016-03-31
001 2013-10-01 JAMES GARITO 2015-03-25 JAMES GARITO 2015-03-25
001 2012-10-01 JAMES GARITO 2014-04-22 JAMES GARITO 2014-04-22
001 2011-10-01 JAMES GARITO 2013-04-30
001 2010-10-01 JAMES GARITO 2012-04-24

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2017-10-01
001	2016-10-01	JAMES GARITO	2018-07-16	JAMES GARITO	2018-07-16
001	2015-10-01	JAMES GARITO	2017-06-20	JAMES GARITO	2017-06-20
001	2014-10-01	JAMES GARITO	2016-03-31	JAMES GARITO	2016-03-31
001	2013-10-01	JAMES GARITO	2015-03-25	JAMES GARITO	2015-03-25
001	2012-10-01	JAMES GARITO	2014-04-22	JAMES GARITO	2014-04-22
001	2011-10-01	JAMES GARITO	2013-04-30
001	2010-10-01	JAMES GARITO	2012-04-24

Plan Statistics for GARITO CONTRACTING, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for GARITO CONTRACTING, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2018: GARITO CONTRACTING, INC. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets 2018-09-30 1,113,986
Acturial value of plan assets 2018-09-30 1,113,986
Funding target for retired participants and beneficiaries receiving payment 2018-09-30 0
Number of terminated vested participants 2018-09-30 0
Fundng target for terminated vested participants 2018-09-30 0
Active participant vested funding target 2018-09-30 987,524
Number of active participants 2018-09-30 4
Total funding liabilities for active participants 2018-09-30 987,524
Total participant count 2018-09-30 4
Total funding target for all participants 2018-09-30 987,524
Balance at beginning of prior year after applicable adjustments 2018-09-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-09-30 322,596
Prefunding balanced used to offset prior years funding requirement 2018-09-30 119,641
Amount remaining of carryover balance 2018-09-30 0
Amount remaining of prefunding balance 2018-09-30 202,955
Present value of excess contributions 2018-09-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-09-30 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-09-30 0
Reductions in caryover balances due to elections or deemed elections 2018-09-30 0
Reductions in prefunding balances due to elections or deemed elections 2018-09-30 0
Balance of carryovers at beginning of current year 2018-09-30 0
Balance of prefunding at beginning of current year 2018-09-30 217,974
Total employer contributions 2018-09-30 0
Total employee contributions 2018-09-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-09-30 0
Contributions made to avoid restrictions adjusted to valuation date 2018-09-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-09-30 0
Liquidity shortfalls end of Q1 2018-09-30 0
Liquidity shortfalls end of Q2 2018-09-30 0
Liquidity shortfalls end of Q3 2018-09-30 0
Liquidity shortfalls end of Q4 2018-09-30 0
Unpaid minimum required contributions for all prior years 2018-09-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-09-30 0
Remaining amount of unpaid minimum required contributions 2018-09-30 0
Minimum required contributions for current year target normal cost 2018-09-30 0
Net shortfall amortization installment of oustanding balance 2018-09-30 91,512
Total funding amount beforereflecting carryover/prefunding balances 2018-09-30 16,994
Prefunding balance elected to use to offset funding requirement 2018-09-30 16,994
Additional cash requirement 2018-09-30 0
Contributions allocatedtoward minimum required contributions for current year 2018-09-30 0
Unpaid minimum required contributions for current year 2018-09-30 0
Unpaid minimum required contributions for all years 2018-09-30 0
2017: GARITO CONTRACTING, INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets 2017-09-30 1,051,874
Acturial value of plan assets 2017-09-30 1,051,874
Funding target for retired participants and beneficiaries receiving payment 2017-09-30 0
Number of terminated vested participants 2017-09-30 1
Fundng target for terminated vested participants 2017-09-30 3,146
Active participant vested funding target 2017-09-30 827,336
Number of active participants 2017-09-30 4
Total funding liabilities for active participants 2017-09-30 827,336
Total participant count 2017-09-30 5
Total funding target for all participants 2017-09-30 830,482
Balance at beginning of prior year after applicable adjustments 2017-09-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-09-30 296,776
Carryover balanced portion elected for use to offset prior years funding requirement 2017-09-30 0
Prefunding balanced used to offset prior years funding requirement 2017-09-30 0
Amount remaining of carryover balance 2017-09-30 0
Amount remaining of prefunding balance 2017-09-30 296,776
Present value of excess contributions 2017-09-30 6,471
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-09-30 6,868
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-09-30 0
Reductions in caryover balances due to elections or deemed elections 2017-09-30 0
Reductions in prefunding balances due to elections or deemed elections 2017-09-30 0
Balance of carryovers at beginning of current year 2017-09-30 0
Balance of prefunding at beginning of current year 2017-09-30 322,596
Total employer contributions 2017-09-30 0
Total employee contributions 2017-09-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-09-30 0
Contributions made to avoid restrictions adjusted to valuation date 2017-09-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-09-30 0
Unpaid minimum required contributions for all prior years 2017-09-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-09-30 0
Remaining amount of unpaid minimum required contributions 2017-09-30 0
Minimum required contributions for current year target normal cost 2017-09-30 102,920
Net shortfall amortization installment of oustanding balance 2017-09-30 101,204
Waiver amortization installment 2017-09-30 0
Total funding amount beforereflecting carryover/prefunding balances 2017-09-30 119,641
Carryover balance elected to use to offset funding requirement 2017-09-30 0
Prefunding balance elected to use to offset funding requirement 2017-09-30 119,641
Additional cash requirement 2017-09-30 0
Contributions allocatedtoward minimum required contributions for current year 2017-09-30 0
Unpaid minimum required contributions for current year 2017-09-30 0
Unpaid minimum required contributions for all years 2017-09-30 0

Measure	Date	Value
2018: GARITO CONTRACTING, INC. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets	2018-09-30	1,113,986
Acturial value of plan assets	2018-09-30	1,113,986
Funding target for retired participants and beneficiaries receiving payment	2018-09-30	0
Number of terminated vested participants	2018-09-30	0
Fundng target for terminated vested participants	2018-09-30	0
Active participant vested funding target	2018-09-30	987,524
Number of active participants	2018-09-30	4
Total funding liabilities for active participants	2018-09-30	987,524
Total participant count	2018-09-30	4
Total funding target for all participants	2018-09-30	987,524
Balance at beginning of prior year after applicable adjustments	2018-09-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-09-30	322,596
Prefunding balanced used to offset prior years funding requirement	2018-09-30	119,641
Amount remaining of carryover balance	2018-09-30	0
Amount remaining of prefunding balance	2018-09-30	202,955
Present value of excess contributions	2018-09-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-09-30	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-09-30	0
Reductions in caryover balances due to elections or deemed elections	2018-09-30	0
Reductions in prefunding balances due to elections or deemed elections	2018-09-30	0
Balance of carryovers at beginning of current year	2018-09-30	0
Balance of prefunding at beginning of current year	2018-09-30	217,974
Total employer contributions	2018-09-30	0
Total employee contributions	2018-09-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-09-30	0
Contributions made to avoid restrictions adjusted to valuation date	2018-09-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-09-30	0
Liquidity shortfalls end of Q1	2018-09-30	0
Liquidity shortfalls end of Q2	2018-09-30	0
Liquidity shortfalls end of Q3	2018-09-30	0
Liquidity shortfalls end of Q4	2018-09-30	0
Unpaid minimum required contributions for all prior years	2018-09-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-09-30	0
Remaining amount of unpaid minimum required contributions	2018-09-30	0
Minimum required contributions for current year target normal cost	2018-09-30	0
Net shortfall amortization installment of oustanding balance	2018-09-30	91,512
Total funding amount beforereflecting carryover/prefunding balances	2018-09-30	16,994
Prefunding balance elected to use to offset funding requirement	2018-09-30	16,994
Additional cash requirement	2018-09-30	0
Contributions allocatedtoward minimum required contributions for current year	2018-09-30	0
Unpaid minimum required contributions for current year	2018-09-30	0
Unpaid minimum required contributions for all years	2018-09-30	0
2017: GARITO CONTRACTING, INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets	2017-09-30	1,051,874
Acturial value of plan assets	2017-09-30	1,051,874
Funding target for retired participants and beneficiaries receiving payment	2017-09-30	0
Number of terminated vested participants	2017-09-30	1
Fundng target for terminated vested participants	2017-09-30	3,146
Active participant vested funding target	2017-09-30	827,336
Number of active participants	2017-09-30	4
Total funding liabilities for active participants	2017-09-30	827,336
Total participant count	2017-09-30	5
Total funding target for all participants	2017-09-30	830,482
Balance at beginning of prior year after applicable adjustments	2017-09-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-09-30	296,776
Carryover balanced portion elected for use to offset prior years funding requirement	2017-09-30	0
Prefunding balanced used to offset prior years funding requirement	2017-09-30	0
Amount remaining of carryover balance	2017-09-30	0
Amount remaining of prefunding balance	2017-09-30	296,776
Present value of excess contributions	2017-09-30	6,471
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-09-30	6,868
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-09-30	0
Reductions in caryover balances due to elections or deemed elections	2017-09-30	0
Reductions in prefunding balances due to elections or deemed elections	2017-09-30	0
Balance of carryovers at beginning of current year	2017-09-30	0
Balance of prefunding at beginning of current year	2017-09-30	322,596
Total employer contributions	2017-09-30	0
Total employee contributions	2017-09-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-09-30	0
Contributions made to avoid restrictions adjusted to valuation date	2017-09-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-09-30	0
Unpaid minimum required contributions for all prior years	2017-09-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-09-30	0
Remaining amount of unpaid minimum required contributions	2017-09-30	0
Minimum required contributions for current year target normal cost	2017-09-30	102,920
Net shortfall amortization installment of oustanding balance	2017-09-30	101,204
Waiver amortization installment	2017-09-30	0
Total funding amount beforereflecting carryover/prefunding balances	2017-09-30	119,641
Carryover balance elected to use to offset funding requirement	2017-09-30	0
Prefunding balance elected to use to offset funding requirement	2017-09-30	119,641
Additional cash requirement	2017-09-30	0
Contributions allocatedtoward minimum required contributions for current year	2017-09-30	0
Unpaid minimum required contributions for current year	2017-09-30	0
Unpaid minimum required contributions for all years	2017-09-30	0

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Company Name:	GARITO CONTRACTING, INC.
Employer identification number (EIN):	133496736
NAIC Classification:	238900

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	1988-11-16
Company Identification Number:	1306922
Legal Registered Office Address:	791 NEPPERHAN AVENUE Westchester YONKERS United States of America (USA) 10703