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W.H. MYERS CONSTRUCTION COMPANY CASH BALANCE PLAN 401k Plan overview

Plan NameW.H. MYERS CONSTRUCTION COMPANY CASH BALANCE PLAN
Plan identification number 002

W.H. MYERS CONSTRUCTION COMPANY CASH BALANCE PLAN Benefits

401k Plan TypeDefined 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).
  • 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.
  • 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

W.H. MYERS CONSTRUCTION COMPANY has sponsored the creation of one or more 401k plans.

Company Name:W.H. MYERS CONSTRUCTION COMPANY
Employer identification number (EIN):232176062
NAIC Classification:236200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan W.H. MYERS CONSTRUCTION COMPANY CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01SALVATORE P. COPPOLA2016-02-16

Plan Statistics for W.H. MYERS CONSTRUCTION COMPANY CASH BALANCE PLAN

401k plan membership statisitcs for W.H. MYERS CONSTRUCTION COMPANY CASH BALANCE PLAN

Measure Date Value
2020: W.H. MYERS CONSTRUCTION COMPANY CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,360,426
Acturial value of plan assets2020-12-311,360,426
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-313,923
Active participant vested funding target2020-12-311,345,298
Number of active participants2020-12-318
Total funding liabilities for active participants2020-12-311,345,298
Total participant count2020-12-319
Total funding target for all participants2020-12-311,349,221
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3158,760
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-3148,592
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-3110,168
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-3111,162
Total employer contributions2020-12-31280,138
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31282,715
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31266,594
Net shortfall amortization installment of oustanding balance2020-12-312,093
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31268,304
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31268,304
Contributions allocatedtoward minimum required contributions for current year2020-12-31282,715
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: W.H. MYERS CONSTRUCTION COMPANY CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,077,932
Acturial value of plan assets2019-12-311,077,932
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-311,019,841
Number of active participants2019-12-319
Total funding liabilities for active participants2019-12-311,019,841
Total participant count2019-12-319
Total funding target for all participants2019-12-311,019,841
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3113,982
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3113,982
Present value of excess contributions2019-12-3145,006
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3145,006
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-3145,006
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-3158,760
Total employer contributions2019-12-31211,561
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31214,511
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31263,129
Net shortfall amortization installment of oustanding balance2019-12-313,730
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31264,839
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-3150,328
Additional cash requirement2019-12-31214,511
Contributions allocatedtoward minimum required contributions for current year2019-12-31214,511
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: W.H. MYERS CONSTRUCTION COMPANY CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31667,777
Acturial value of plan assets2018-12-31667,777
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-31709,948
Number of active participants2018-12-319
Total funding liabilities for active participants2018-12-31709,948
Total participant count2018-12-319
Total funding target for all participants2018-12-31709,948
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3116,806
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-313,945
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-3112,861
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-3113,982
Total employer contributions2018-12-31306,845
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31311,155
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31256,862
Net shortfall amortization installment of oustanding balance2018-12-3156,891
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31266,149
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31266,149
Contributions allocatedtoward minimum required contributions for current year2018-12-31311,155
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: W.H. MYERS CONSTRUCTION COMPANY CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31446,594
Acturial value of plan assets2017-12-31446,594
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-31420,244
Number of active participants2017-12-319
Total funding liabilities for active participants2017-12-31420,244
Total participant count2017-12-319
Total funding target for all participants2017-12-31420,244
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3110,013
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-3110,013
Present value of excess contributions2017-12-316,185
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-316,185
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-316,185
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-3116,806
Total employer contributions2017-12-31234,428
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31237,411
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31250,204
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31241,569
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-314,158
Additional cash requirement2017-12-31237,411
Contributions allocatedtoward minimum required contributions for current year2017-12-31237,411
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: W.H. MYERS CONSTRUCTION COMPANY CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31159,639
Acturial value of plan assets2016-12-31159,639
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-31153,191
Number of active participants2016-12-319
Total funding liabilities for active participants2016-12-31153,191
Total participant count2016-12-319
Total funding target for all participants2016-12-31153,191
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-3110,013
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3110,013
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3110,013
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-3110,013
Total employer contributions2016-12-31247,349
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31249,034
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31242,849
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31242,849
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31242,849
Contributions allocatedtoward minimum required contributions for current year2016-12-31249,034
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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