401k Plan data: NEWARK BOARD OF EDUCATION EMPL 401 K PROFIT SHARING PLAN TRUST plan

NEWARK BOARD OF EDUCATION EMPL 401 K PROFIT SHARING PLAN TRUST 401k Plan overview

Plan Name	NEWARK BOARD OF EDUCATION EMPL 401 K PROFIT SHARING PLAN TRUST
Plan identification number	001

NEWARK BOARD OF EDUCATION EMPL 401 K PROFIT SHARING PLAN TRUST 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).
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.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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

NEWARK BOARD OF EDUCATION EMPL has sponsored the creation of one or more 401k plans.

Company Name: NEWARK BOARD OF EDUCATION EMPL

Employer identification number (EIN): 221489889

NAIC Classification: 522130
NAIC Description: Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEWARK BOARD OF EDUCATION EMPL 401 K PROFIT SHARING PLAN TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2020-06-01 RICHARD GARCIA 2021-09-28
001 2019-06-01 RICHARD GARCIA 2021-03-11
001 2018-06-01 RICHARD GARCIA 2020-02-26
001 2018-01-01 RICHARD GARCIA 2019-07-30
001 2017-06-01 WINSTON CUMMINGS 2018-12-06
001 2017-01-01 NEEL NATESAN 2018-06-08
001 2016-06-01 NEEL NATESAN 2017-09-11
001 2016-01-01 NEEL NATESAN 2017-05-31
001 2015-06-01 NEEL NATESAN 2016-11-16
001 2015-01-01 NEEL NATESAN 2016-05-13
001 2014-06-01 NEEL NATESAN 2015-09-18
001 2014-01-01 EDDIE DANIELS 2015-06-03
001 2013-06-01 NEEL NATESAN 2014-11-04
001 2013-01-01 EDWARD DANIELS 2014-07-22
001 2012-06-01 EDDIE DANIELS 2014-03-13
001 2012-01-01 NEWARK BOARD OF EDUCATION EMPL 2013-07-25
001 2011-06-01 EDDIE W. DANIELS 2013-03-14
001 2011-01-01 EDDIE DANIELS 2012-07-30
001 2010-06-01 EDDIE W. DANIELS 2012-03-14

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2020-06-01	RICHARD GARCIA	2021-09-28
001	2019-06-01	RICHARD GARCIA	2021-03-11
001	2018-06-01	RICHARD GARCIA	2020-02-26
001	2018-01-01	RICHARD GARCIA	2019-07-30
001	2017-06-01	WINSTON CUMMINGS	2018-12-06
001	2017-01-01	NEEL NATESAN	2018-06-08
001	2016-06-01	NEEL NATESAN	2017-09-11
001	2016-01-01	NEEL NATESAN	2017-05-31
001	2015-06-01	NEEL NATESAN	2016-11-16
001	2015-01-01	NEEL NATESAN	2016-05-13
001	2014-06-01	NEEL NATESAN	2015-09-18
001	2014-01-01	EDDIE DANIELS	2015-06-03
001	2013-06-01	NEEL NATESAN	2014-11-04
001	2013-01-01	EDWARD DANIELS	2014-07-22
001	2012-06-01	EDDIE DANIELS	2014-03-13
001	2012-01-01	NEWARK BOARD OF EDUCATION EMPL	2013-07-25
001	2011-06-01	EDDIE W. DANIELS	2013-03-14
001	2011-01-01	EDDIE DANIELS	2012-07-30
001	2010-06-01	EDDIE W. DANIELS	2012-03-14

Plan Statistics for NEWARK BOARD OF EDUCATION EMPL 401 K PROFIT SHARING PLAN TRUST

401k plan membership statisitcs for NEWARK BOARD OF EDUCATION EMPL 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2020: NEWARK BOARD OF EDUCATION EMPL 401 K PROFIT SHARING PLAN TRUST 2020 401k membership
Market value of plan assets 2020-12-31 359,987
Acturial value of plan assets 2020-12-31 359,987
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 109,893
Number of terminated vested participants 2020-12-31 4
Fundng target for terminated vested participants 2020-12-31 132,257
Active participant vested funding target 2020-12-31 67,464
Number of active participants 2020-12-31 4
Total funding liabilities for active participants 2020-12-31 70,586
Total participant count 2020-12-31 9
Total funding target for all participants 2020-12-31 312,736
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 0
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 0
Amount remaining of prefunding balance 2020-12-31 0
Present value of excess contributions 2020-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 0
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 0
Balance of prefunding at beginning of current year 2020-12-31 0
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
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 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 0
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
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
Market value of plan assets 2020-05-31 428,528
Acturial value of plan assets 2020-05-31 428,528
Funding target for retired participants and beneficiaries receiving payment 2020-05-31 113,398
Number of terminated vested participants 2020-05-31 4
Fundng target for terminated vested participants 2020-05-31 126,190
Active participant vested funding target 2020-05-31 63,715
Number of active participants 2020-05-31 4
Total funding liabilities for active participants 2020-05-31 67,708
Total participant count 2020-05-31 9
Total funding target for all participants 2020-05-31 307,296
Balance at beginning of prior year after applicable adjustments 2020-05-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-05-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-05-31 0
Prefunding balanced used to offset prior years funding requirement 2020-05-31 0
Amount remaining of carryover balance 2020-05-31 0
Amount remaining of prefunding balance 2020-05-31 0
Present value of excess contributions 2020-05-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-05-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-05-31 0
Reductions in caryover balances due to elections or deemed elections 2020-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-05-31 0
Balance of carryovers at beginning of current year 2020-05-31 0
Balance of prefunding at beginning of current year 2020-05-31 0
Total employer contributions 2020-05-31 0
Total employee contributions 2020-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-05-31 0
Unpaid minimum required contributions for all prior years 2020-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-05-31 0
Remaining amount of unpaid minimum required contributions 2020-05-31 0
Minimum required contributions for current year target normal cost 2020-05-31 0
Net shortfall amortization installment of oustanding balance 2020-05-31 0
Waiver amortization installment 2020-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-05-31 0
Carryover balance elected to use to offset funding requirement 2020-05-31 0
Prefunding balance elected to use to offset funding requirement 2020-05-31 0
Additional cash requirement 2020-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-05-31 0
Unpaid minimum required contributions for current year 2020-05-31 0
Unpaid minimum required contributions for all years 2020-05-31 0
2019: NEWARK BOARD OF EDUCATION EMPL 401 K PROFIT SHARING PLAN TRUST 2019 401k membership
Market value of plan assets 2019-05-31 567,371
Acturial value of plan assets 2019-05-31 567,371
Funding target for retired participants and beneficiaries receiving payment 2019-05-31 112,446
Number of terminated vested participants 2019-05-31 3
Fundng target for terminated vested participants 2019-05-31 58,947
Active participant vested funding target 2019-05-31 180,665
Number of active participants 2019-05-31 6
Total funding liabilities for active participants 2019-05-31 192,787
Total participant count 2019-05-31 10
Total funding target for all participants 2019-05-31 364,180
Balance at beginning of prior year after applicable adjustments 2019-05-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-05-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2019-05-31 0
Prefunding balanced used to offset prior years funding requirement 2019-05-31 0
Amount remaining of carryover balance 2019-05-31 0
Amount remaining of prefunding balance 2019-05-31 0
Present value of excess contributions 2019-05-31 170,352
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-05-31 179,926
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-05-31 0
Reductions in caryover balances due to elections or deemed elections 2019-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-05-31 0
Balance of carryovers at beginning of current year 2019-05-31 0
Balance of prefunding at beginning of current year 2019-05-31 0
Total employer contributions 2019-05-31 0
Total employee contributions 2019-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-05-31 0
Unpaid minimum required contributions for all prior years 2019-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-05-31 0
Remaining amount of unpaid minimum required contributions 2019-05-31 0
Minimum required contributions for current year target normal cost 2019-05-31 26,227
Net shortfall amortization installment of oustanding balance 2019-05-31 0
Waiver amortization installment 2019-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-05-31 0
Carryover balance elected to use to offset funding requirement 2019-05-31 0
Prefunding balance elected to use to offset funding requirement 2019-05-31 0
Additional cash requirement 2019-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-05-31 0
Unpaid minimum required contributions for current year 2019-05-31 0
Unpaid minimum required contributions for all years 2019-05-31 0
2018: NEWARK BOARD OF EDUCATION EMPL 401 K PROFIT SHARING PLAN TRUST 2018 401k membership
Market value of plan assets 2018-05-31 480,754
Acturial value of plan assets 2018-05-31 480,754
Funding target for retired participants and beneficiaries receiving payment 2018-05-31 114,732
Number of terminated vested participants 2018-05-31 4
Fundng target for terminated vested participants 2018-05-31 190,277
Active participant vested funding target 2018-05-31 202,945
Number of active participants 2018-05-31 9
Total funding liabilities for active participants 2018-05-31 212,437
Total participant count 2018-05-31 14
Total funding target for all participants 2018-05-31 517,446
Balance at beginning of prior year after applicable adjustments 2018-05-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-05-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-05-31 0
Prefunding balanced used to offset prior years funding requirement 2018-05-31 0
Amount remaining of carryover balance 2018-05-31 0
Amount remaining of prefunding balance 2018-05-31 0
Present value of excess contributions 2018-05-31 96,619
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-05-31 102,320
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-05-31 0
Reductions in caryover balances due to elections or deemed elections 2018-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-05-31 0
Balance of carryovers at beginning of current year 2018-05-31 0
Balance of prefunding at beginning of current year 2018-05-31 0
Total employer contributions 2018-05-31 216,862
Total employee contributions 2018-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-05-31 208,047
Unpaid minimum required contributions for all prior years 2018-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-05-31 0
Remaining amount of unpaid minimum required contributions 2018-05-31 0
Minimum required contributions for current year target normal cost 2018-05-31 31,670
Net shortfall amortization installment of oustanding balance 2018-05-31 36,692
Waiver amortization installment 2018-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-05-31 37,695
Carryover balance elected to use to offset funding requirement 2018-05-31 0
Prefunding balance elected to use to offset funding requirement 2018-05-31 0
Additional cash requirement 2018-05-31 37,695
Contributions allocatedtoward minimum required contributions for current year 2018-05-31 208,047
Unpaid minimum required contributions for current year 2018-05-31 0
Unpaid minimum required contributions for all years 2018-05-31 0
2017: NEWARK BOARD OF EDUCATION EMPL 401 K PROFIT SHARING PLAN TRUST 2017 401k membership
Market value of plan assets 2017-05-31 388,218
Acturial value of plan assets 2017-05-31 388,218
Funding target for retired participants and beneficiaries receiving payment 2017-05-31 117,033
Number of terminated vested participants 2017-05-31 4
Fundng target for terminated vested participants 2017-05-31 91,758
Active participant vested funding target 2017-05-31 83,025
Number of active participants 2017-05-31 8
Total funding liabilities for active participants 2017-05-31 109,012
Total participant count 2017-05-31 13
Total funding target for all participants 2017-05-31 317,803
Balance at beginning of prior year after applicable adjustments 2017-05-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-05-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-05-31 0
Prefunding balanced used to offset prior years funding requirement 2017-05-31 0
Amount remaining of carryover balance 2017-05-31 0
Amount remaining of prefunding balance 2017-05-31 0
Present value of excess contributions 2017-05-31 103,528
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-05-31 109,843
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-05-31 0
Reductions in caryover balances due to elections or deemed elections 2017-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-05-31 0
Balance of carryovers at beginning of current year 2017-05-31 0
Balance of prefunding at beginning of current year 2017-05-31 0
Total employer contributions 2017-05-31 100,000
Total employee contributions 2017-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-05-31 96,619
Unpaid minimum required contributions for all prior years 2017-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-05-31 0
Remaining amount of unpaid minimum required contributions 2017-05-31 0
Minimum required contributions for current year target normal cost 2017-05-31 38,388
Net shortfall amortization installment of oustanding balance 2017-05-31 0
Waiver amortization installment 2017-05-31 0
Waived amount of outstanding balance 2017-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-05-31 0
Carryover balance elected to use to offset funding requirement 2017-05-31 0
Prefunding balance elected to use to offset funding requirement 2017-05-31 0
Additional cash requirement 2017-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-05-31 96,619
Unpaid minimum required contributions for current year 2017-05-31 0
Unpaid minimum required contributions for all years 2017-05-31 0

Measure	Date	Value
2020: NEWARK BOARD OF EDUCATION EMPL 401 K PROFIT SHARING PLAN TRUST 2020 401k membership
Market value of plan assets	2020-12-31	359,987
Acturial value of plan assets	2020-12-31	359,987
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	109,893
Number of terminated vested participants	2020-12-31	4
Fundng target for terminated vested participants	2020-12-31	132,257
Active participant vested funding target	2020-12-31	67,464
Number of active participants	2020-12-31	4
Total funding liabilities for active participants	2020-12-31	70,586
Total participant count	2020-12-31	9
Total funding target for all participants	2020-12-31	312,736
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
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	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	0
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	0
Balance of prefunding at beginning of current year	2020-12-31	0
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
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	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	0
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
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
Market value of plan assets	2020-05-31	428,528
Acturial value of plan assets	2020-05-31	428,528
Funding target for retired participants and beneficiaries receiving payment	2020-05-31	113,398
Number of terminated vested participants	2020-05-31	4
Fundng target for terminated vested participants	2020-05-31	126,190
Active participant vested funding target	2020-05-31	63,715
Number of active participants	2020-05-31	4
Total funding liabilities for active participants	2020-05-31	67,708
Total participant count	2020-05-31	9
Total funding target for all participants	2020-05-31	307,296
Balance at beginning of prior year after applicable adjustments	2020-05-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-05-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-05-31	0
Prefunding balanced used to offset prior years funding requirement	2020-05-31	0
Amount remaining of carryover balance	2020-05-31	0
Amount remaining of prefunding balance	2020-05-31	0
Present value of excess contributions	2020-05-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-05-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-05-31	0
Reductions in caryover balances due to elections or deemed elections	2020-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-05-31	0
Balance of carryovers at beginning of current year	2020-05-31	0
Balance of prefunding at beginning of current year	2020-05-31	0
Total employer contributions	2020-05-31	0
Total employee contributions	2020-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-05-31	0
Unpaid minimum required contributions for all prior years	2020-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-05-31	0
Remaining amount of unpaid minimum required contributions	2020-05-31	0
Minimum required contributions for current year target normal cost	2020-05-31	0
Net shortfall amortization installment of oustanding balance	2020-05-31	0
Waiver amortization installment	2020-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-05-31	0
Carryover balance elected to use to offset funding requirement	2020-05-31	0
Prefunding balance elected to use to offset funding requirement	2020-05-31	0
Additional cash requirement	2020-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-05-31	0
Unpaid minimum required contributions for current year	2020-05-31	0
Unpaid minimum required contributions for all years	2020-05-31	0
2019: NEWARK BOARD OF EDUCATION EMPL 401 K PROFIT SHARING PLAN TRUST 2019 401k membership
Market value of plan assets	2019-05-31	567,371
Acturial value of plan assets	2019-05-31	567,371
Funding target for retired participants and beneficiaries receiving payment	2019-05-31	112,446
Number of terminated vested participants	2019-05-31	3
Fundng target for terminated vested participants	2019-05-31	58,947
Active participant vested funding target	2019-05-31	180,665
Number of active participants	2019-05-31	6
Total funding liabilities for active participants	2019-05-31	192,787
Total participant count	2019-05-31	10
Total funding target for all participants	2019-05-31	364,180
Balance at beginning of prior year after applicable adjustments	2019-05-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-05-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-05-31	0
Prefunding balanced used to offset prior years funding requirement	2019-05-31	0
Amount remaining of carryover balance	2019-05-31	0
Amount remaining of prefunding balance	2019-05-31	0
Present value of excess contributions	2019-05-31	170,352
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-05-31	179,926
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-05-31	0
Reductions in caryover balances due to elections or deemed elections	2019-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-05-31	0
Balance of carryovers at beginning of current year	2019-05-31	0
Balance of prefunding at beginning of current year	2019-05-31	0
Total employer contributions	2019-05-31	0
Total employee contributions	2019-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-05-31	0
Unpaid minimum required contributions for all prior years	2019-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-05-31	0
Remaining amount of unpaid minimum required contributions	2019-05-31	0
Minimum required contributions for current year target normal cost	2019-05-31	26,227
Net shortfall amortization installment of oustanding balance	2019-05-31	0
Waiver amortization installment	2019-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-05-31	0
Carryover balance elected to use to offset funding requirement	2019-05-31	0
Prefunding balance elected to use to offset funding requirement	2019-05-31	0
Additional cash requirement	2019-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-05-31	0
Unpaid minimum required contributions for current year	2019-05-31	0
Unpaid minimum required contributions for all years	2019-05-31	0
2018: NEWARK BOARD OF EDUCATION EMPL 401 K PROFIT SHARING PLAN TRUST 2018 401k membership
Market value of plan assets	2018-05-31	480,754
Acturial value of plan assets	2018-05-31	480,754
Funding target for retired participants and beneficiaries receiving payment	2018-05-31	114,732
Number of terminated vested participants	2018-05-31	4
Fundng target for terminated vested participants	2018-05-31	190,277
Active participant vested funding target	2018-05-31	202,945
Number of active participants	2018-05-31	9
Total funding liabilities for active participants	2018-05-31	212,437
Total participant count	2018-05-31	14
Total funding target for all participants	2018-05-31	517,446
Balance at beginning of prior year after applicable adjustments	2018-05-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-05-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-05-31	0
Prefunding balanced used to offset prior years funding requirement	2018-05-31	0
Amount remaining of carryover balance	2018-05-31	0
Amount remaining of prefunding balance	2018-05-31	0
Present value of excess contributions	2018-05-31	96,619
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-05-31	102,320
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-05-31	0
Reductions in caryover balances due to elections or deemed elections	2018-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-05-31	0
Balance of carryovers at beginning of current year	2018-05-31	0
Balance of prefunding at beginning of current year	2018-05-31	0
Total employer contributions	2018-05-31	216,862
Total employee contributions	2018-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-05-31	208,047
Unpaid minimum required contributions for all prior years	2018-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-05-31	0
Remaining amount of unpaid minimum required contributions	2018-05-31	0
Minimum required contributions for current year target normal cost	2018-05-31	31,670
Net shortfall amortization installment of oustanding balance	2018-05-31	36,692
Waiver amortization installment	2018-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-05-31	37,695
Carryover balance elected to use to offset funding requirement	2018-05-31	0
Prefunding balance elected to use to offset funding requirement	2018-05-31	0
Additional cash requirement	2018-05-31	37,695
Contributions allocatedtoward minimum required contributions for current year	2018-05-31	208,047
Unpaid minimum required contributions for current year	2018-05-31	0
Unpaid minimum required contributions for all years	2018-05-31	0
2017: NEWARK BOARD OF EDUCATION EMPL 401 K PROFIT SHARING PLAN TRUST 2017 401k membership
Market value of plan assets	2017-05-31	388,218
Acturial value of plan assets	2017-05-31	388,218
Funding target for retired participants and beneficiaries receiving payment	2017-05-31	117,033
Number of terminated vested participants	2017-05-31	4
Fundng target for terminated vested participants	2017-05-31	91,758
Active participant vested funding target	2017-05-31	83,025
Number of active participants	2017-05-31	8
Total funding liabilities for active participants	2017-05-31	109,012
Total participant count	2017-05-31	13
Total funding target for all participants	2017-05-31	317,803
Balance at beginning of prior year after applicable adjustments	2017-05-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-05-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-05-31	0
Prefunding balanced used to offset prior years funding requirement	2017-05-31	0
Amount remaining of carryover balance	2017-05-31	0
Amount remaining of prefunding balance	2017-05-31	0
Present value of excess contributions	2017-05-31	103,528
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-05-31	109,843
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-05-31	0
Reductions in caryover balances due to elections or deemed elections	2017-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-05-31	0
Balance of carryovers at beginning of current year	2017-05-31	0
Balance of prefunding at beginning of current year	2017-05-31	0
Total employer contributions	2017-05-31	100,000
Total employee contributions	2017-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-05-31	96,619
Unpaid minimum required contributions for all prior years	2017-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-05-31	0
Remaining amount of unpaid minimum required contributions	2017-05-31	0
Minimum required contributions for current year target normal cost	2017-05-31	38,388
Net shortfall amortization installment of oustanding balance	2017-05-31	0
Waiver amortization installment	2017-05-31	0
Waived amount of outstanding balance	2017-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-05-31	0
Carryover balance elected to use to offset funding requirement	2017-05-31	0
Prefunding balance elected to use to offset funding requirement	2017-05-31	0
Additional cash requirement	2017-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-05-31	96,619
Unpaid minimum required contributions for current year	2017-05-31	0
Unpaid minimum required contributions for all years	2017-05-31	0

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Company Name:	NEWARK BOARD OF EDUCATION EMPL
Employer identification number (EIN):	221489889
NAIC Classification:	522130
NAIC Description:	Credit Unions