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ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN
Plan identification number 003

ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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).

401k Sponsoring company profile

ORADELL CONSTRUCTION COMPANY, INC. has sponsored the creation of one or more 401k plans.

Company Name:ORADELL CONSTRUCTION COMPANY, INC.
Employer identification number (EIN):222893040
NAIC Classification:236200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032016-01-01JEFFREY CHERNA
0032015-01-01JEFFREY CHERNA
0032014-01-01JEFFREY CHERNA

Plan Statistics for ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN

401k plan membership statisitcs for ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN

Measure Date Value
2016: ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-21376,781
Acturial value of plan assets2016-12-21376,781
Funding target for retired participants and beneficiaries receiving payment2016-12-210
Number of terminated vested participants2016-12-210
Fundng target for terminated vested participants2016-12-210
Active participant vested funding target2016-12-21420,340
Number of active participants2016-12-214
Total funding liabilities for active participants2016-12-21420,340
Total participant count2016-12-214
Total funding target for all participants2016-12-21420,340
Balance at beginning of prior year after applicable adjustments2016-12-210
Prefunding balance at beginning of prior year after applicable adjustments2016-12-210
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-210
Prefunding balanced used to offset prior years funding requirement2016-12-210
Amount remaining of carryover balance2016-12-210
Amount remaining of prefunding balance2016-12-210
Present value of excess contributions2016-12-219,422
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-219,945
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-219,945
Balance of carryovers at beginning of current year2016-12-210
Balance of prefunding at beginning of current year2016-12-219,945
Total employer contributions2016-12-21200,000
Total employee contributions2016-12-210
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-210
Contributions made to avoid restrictions adjusted to valuation date2016-12-210
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-21199,651
Unpaid minimum required contributions for all prior years2016-12-210
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-210
Remaining amount of unpaid minimum required contributions2016-12-210
Minimum required contributions for current year target normal cost2016-12-21195,279
Net shortfall amortization installment of oustanding balance2016-12-2153,504
Waiver amortization installment2016-12-210
Total funding amount beforereflecting carryover/prefunding balances2016-12-21204,119
Carryover balance elected to use to offset funding requirement2016-12-210
Prefunding balance elected to use to offset funding requirement2016-12-214,468
Additional cash requirement2016-12-21199,651
Contributions allocatedtoward minimum required contributions for current year2016-12-21199,651
Unpaid minimum required contributions for current year2016-12-210
Unpaid minimum required contributions for all years2016-12-210
Total participants, beginning-of-year2016-01-014
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-014
Total number of active participants reported on line 7a of the Form 55002015-01-014
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-014
Total number of active participants reported on line 7a of the Form 55002014-01-014
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN

Measure Date Value
2016 : ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN 2016 401k financial data
Transfers to/from the plan2016-12-21$0
Total plan liabilities at end of year2016-12-21$0
Total plan liabilities at beginning of year2016-12-21$0
Total income from all sources2016-12-21$260,050
Expenses. Total of all expenses incurred2016-12-21$636,831
Benefits paid (including direct rollovers)2016-12-21$634,725
Total plan assets at end of year2016-12-21$0
Total plan assets at beginning of year2016-12-21$376,781
Value of fidelity bond covering the plan2016-12-21$75,000
Total contributions received or receivable from participants2016-12-21$0
Expenses. Other expenses not covered elsewhere2016-12-21$0
Contributions received from other sources (not participants or employers)2016-12-21$0
Other income received2016-12-21$60,050
Noncash contributions received2016-12-21$0
Net income (gross income less expenses)2016-12-21$-376,781
Net plan assets at end of year (total assets less liabilities)2016-12-21$0
Net plan assets at beginning of year (total assets less liabilities)2016-12-21$376,781
Total contributions received or receivable from employer(s)2016-12-21$200,000
Value of certain deemed distributions of participant loans2016-12-21$0
Value of corrective distributions2016-12-21$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-21$2,106
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-21$0
2015 : ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$178,467
Expenses. Total of all expenses incurred2015-12-31$3,677
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$376,781
Total plan assets at beginning of year2015-12-31$201,991
Value of fidelity bond covering the plan2015-12-31$75,000
Total contributions received or receivable from participants2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-21,542
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$174,790
Net plan assets at end of year (total assets less liabilities)2015-12-31$376,781
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$201,991
Total contributions received or receivable from employer(s)2015-12-31$200,009
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$3,677
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$201,991
Expenses. Total of all expenses incurred2014-12-31$0
Benefits paid (including direct rollovers)2014-12-31$0
Total plan assets at end of year2014-12-31$201,991
Total plan assets at beginning of year2014-12-31$0
Value of fidelity bond covering the plan2014-12-31$75,000
Total contributions received or receivable from participants2014-12-31$0
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$0
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$201,991
Net plan assets at end of year (total assets less liabilities)2014-12-31$201,991
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$0
Total contributions received or receivable from employer(s)2014-12-31$201,991
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0

Form 5500 Responses for ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN

2016: ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: ORADELL CONSTRUCTION COMPANY, INC. CASH BALANCE PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01First time form 5500 has been submittedYes
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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