401k Plan data: A.B. POWELL PENSION PLAN plan

A.B. POWELL PENSION PLAN 401k Plan overview

Plan Name	A.B. POWELL PENSION PLAN
Plan identification number	002

A.B. POWELL 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).
Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

A.B. POWELL CO. has sponsored the creation of one or more 401k plans.

Company Name: A.B. POWELL CO.

Employer identification number (EIN): 251849553

NAIC Classification: 423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan A.B. POWELL PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2017-01-01 ROBERT POWELL 2018-05-30
002 2016-01-01 ROBERT POWELL 2017-10-05
002 2015-01-01 ROBERT POWELL 2016-09-22
002 2014-01-01 ROBERT POWELL 2015-10-02
002 2013-01-01 ROBERT POWELL 2014-10-08
002 2012-01-01 ROBERT POWELL 2013-09-26

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2017-01-01	ROBERT POWELL	2018-05-30
002	2016-01-01	ROBERT POWELL	2017-10-05
002	2015-01-01	ROBERT POWELL	2016-09-22
002	2014-01-01	ROBERT POWELL	2015-10-02
002	2013-01-01	ROBERT POWELL	2014-10-08
002	2012-01-01	ROBERT POWELL	2013-09-26

Plan Statistics for A.B. POWELL PENSION PLAN

401k plan membership statisitcs for A.B. POWELL PENSION PLAN

Measure Date Value
2017: A.B. POWELL PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 329,258
Acturial value of plan assets 2017-12-31 329,258
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 2017-12-31 381,300
Number of active participants 2017-12-31 1
Total funding liabilities for active participants 2017-12-31 381,300
Total participant count 2017-12-31 1
Total funding target for all participants 2017-12-31 381,300
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 5,296
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 5,296
Present value of excess contributions 2017-12-31 31,079
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 32,456
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 32,456
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 14,100
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 24,112
Total employer contributions 2017-12-31 25,000
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 23,947
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 1,135
Net shortfall amortization installment of oustanding balance 2017-12-31 76,154
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 18,604
Additional cash requirement 2017-12-31 18,604
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 23,947
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: A.B. POWELL PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 285,357
Acturial value of plan assets 2016-12-31 285,357
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 2016-12-31 363,430
Number of active participants 2016-12-31 1
Total funding liabilities for active participants 2016-12-31 363,430
Total participant count 2016-12-31 1
Total funding target for all participants 2016-12-31 363,430
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 5,057
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 5,296
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 5,296
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 5,296
Total employer contributions 2016-12-31 50,625
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 48,501
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 2016-12-31 853
Net shortfall amortization installment of oustanding balance 2016-12-31 83,369
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 17,422
Additional cash requirement 2016-12-31 17,422
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 48,501
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
2017: A.B. POWELL PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	329,258
Acturial value of plan assets	2017-12-31	329,258
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	381,300
Number of active participants	2017-12-31	1
Total funding liabilities for active participants	2017-12-31	381,300
Total participant count	2017-12-31	1
Total funding target for all participants	2017-12-31	381,300
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	5,296
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	5,296
Present value of excess contributions	2017-12-31	31,079
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	32,456
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	32,456
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	14,100
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	24,112
Total employer contributions	2017-12-31	25,000
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	23,947
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	1,135
Net shortfall amortization installment of oustanding balance	2017-12-31	76,154
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	18,604
Additional cash requirement	2017-12-31	18,604
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	23,947
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: A.B. POWELL PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	285,357
Acturial value of plan assets	2016-12-31	285,357
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	363,430
Number of active participants	2016-12-31	1
Total funding liabilities for active participants	2016-12-31	363,430
Total participant count	2016-12-31	1
Total funding target for all participants	2016-12-31	363,430
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	5,057
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	5,296
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	5,296
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	5,296
Total employer contributions	2016-12-31	50,625
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	48,501
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	853
Net shortfall amortization installment of oustanding balance	2016-12-31	83,369
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	17,422
Additional cash requirement	2016-12-31	17,422
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	48,501
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:	A.B. POWELL CO.
Employer identification number (EIN):	251849553
NAIC Classification:	423800