401k Plan data: POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN plan

POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN 401k Plan overview

Plan Name	POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN
Plan identification number	002

POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE 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).
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).
Plan covering Self-Employed individuals.

401k Sponsoring company profile

POINT B FULFILLMENT SOLUTIONS, LLC has sponsored the creation of one or more 401k plans.

Company Name: POINT B FULFILLMENT SOLUTIONS, LLC

Employer identification number (EIN): 262041563

NAIC Classification: 424100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 JOSEPH AVERY 2022-06-28
002 2021-01-01 JOSEPH AVERY 2022-05-25
002 2020-01-01 JOSEPH AVERY 2021-10-11 JOSEPH AVERY 2021-10-11
002 2019-01-01 JOSEPH AVERY 2020-09-29 JOSEPH AVERY 2020-09-29
002 2018-01-01 JOSEPH AVERY 2019-09-26 JOSEPH AVERY 2019-09-26
002 2017-01-01 JOSEPH AVERY 2018-09-05 JOSEPH AVERY 2018-09-05
002 2016-01-01 JOSEPH AVERY 2017-06-26 JOSEPH AVERY 2017-06-26
002 2015-01-01 JOSEPH AVERY 2016-07-11 JOSEPH AVERY 2016-07-11
002 2014-01-01 JOSEPH AVERY 2015-09-24 JOSEPH AVERY 2015-09-24
002 2013-01-01 JOSEPH AVERY 2016-01-24 JOSEPH AVERY 2016-01-24
002 2012-01-01 JOSEPH AVERY 2013-09-12 JOSEPH AVERY 2013-09-12
002 2011-01-01 JOSEPH AVERY 2012-10-05 JOSEPH AVERY 2012-10-05

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01	JOSEPH AVERY	2022-06-28
002	2021-01-01	JOSEPH AVERY	2022-05-25
002	2020-01-01	JOSEPH AVERY	2021-10-11	JOSEPH AVERY	2021-10-11
002	2019-01-01	JOSEPH AVERY	2020-09-29	JOSEPH AVERY	2020-09-29
002	2018-01-01	JOSEPH AVERY	2019-09-26	JOSEPH AVERY	2019-09-26
002	2017-01-01	JOSEPH AVERY	2018-09-05	JOSEPH AVERY	2018-09-05
002	2016-01-01	JOSEPH AVERY	2017-06-26	JOSEPH AVERY	2017-06-26
002	2015-01-01	JOSEPH AVERY	2016-07-11	JOSEPH AVERY	2016-07-11
002	2014-01-01	JOSEPH AVERY	2015-09-24	JOSEPH AVERY	2015-09-24
002	2013-01-01	JOSEPH AVERY	2016-01-24	JOSEPH AVERY	2016-01-24
002	2012-01-01	JOSEPH AVERY	2013-09-12	JOSEPH AVERY	2013-09-12
002	2011-01-01	JOSEPH AVERY	2012-10-05	JOSEPH AVERY	2012-10-05

Plan Statistics for POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN

401k plan membership statisitcs for POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN

Measure Date Value
2020: POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets 2020-12-31 1,005,135
Acturial value of plan assets 2020-12-31 1,005,135
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 0
Number of terminated vested participants 2020-12-31 11
Fundng target for terminated vested participants 2020-12-31 23,749
Active participant vested funding target 2020-12-31 818,343
Number of active participants 2020-12-31 18
Total funding liabilities for active participants 2020-12-31 818,343
Total participant count 2020-12-31 29
Total funding target for all participants 2020-12-31 842,092
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 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
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 minimum required contributions for current year adjusted to valuation date 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
Total funding amount beforereflecting carryover/prefunding balances 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
2019: POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets 2019-12-31 1,005,135
Acturial value of plan assets 2019-12-31 1,005,135
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 10
Fundng target for terminated vested participants 2019-12-31 22,945
Active participant vested funding target 2019-12-31 805,532
Number of active participants 2019-12-31 18
Total funding liabilities for active participants 2019-12-31 805,532
Total participant count 2019-12-31 28
Total funding target for all participants 2019-12-31 828,477
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 0
Present value of excess contributions 2019-12-31 61,055
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 61,055
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 0
Total employee contributions 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
Additional cash requirement 2019-12-31 0
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets 2018-12-31 833,661
Acturial value of plan assets 2018-12-31 833,661
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 7
Fundng target for terminated vested participants 2018-12-31 14,509
Active participant vested funding target 2018-12-31 716,180
Number of active participants 2018-12-31 15
Total funding liabilities for active participants 2018-12-31 716,180
Total participant count 2018-12-31 22
Total funding target for all participants 2018-12-31 730,689
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 104,625
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 104,625
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 63,415
Total employee contributions 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 61,055
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 40,109
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 0
Additional cash requirement 2018-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 61,055
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets 2017-12-31 765,754
Acturial value of plan assets 2017-12-31 765,754
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 2
Fundng target for terminated vested participants 2017-12-31 2,559
Active participant vested funding target 2017-12-31 591,140
Number of active participants 2017-12-31 19
Total funding liabilities for active participants 2017-12-31 591,140
Total participant count 2017-12-31 21
Total funding target for all participants 2017-12-31 593,699
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 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 134,295
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 134,295
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 108,386
Total employee contributions 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 104,625
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 80,448
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 0
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 104,625
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets 2016-12-31 553,709
Acturial value of plan assets 2016-12-31 553,709
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 2016-12-31 445,312
Number of active participants 2016-12-31 18
Total funding liabilities for active participants 2016-12-31 445,312
Total participant count 2016-12-31 18
Total funding target for all participants 2016-12-31 445,312
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
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 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 2016-12-31 117,752
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 117,752
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 137,906
Total employee contributions 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 134,295
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 101,643
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 134,295
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
2020: POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets	2020-12-31	1,005,135
Acturial value of plan assets	2020-12-31	1,005,135
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	11
Fundng target for terminated vested participants	2020-12-31	23,749
Active participant vested funding target	2020-12-31	818,343
Number of active participants	2020-12-31	18
Total funding liabilities for active participants	2020-12-31	818,343
Total participant count	2020-12-31	29
Total funding target for all participants	2020-12-31	842,092
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	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
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 minimum required contributions for current year adjusted to valuation date	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
Total funding amount beforereflecting carryover/prefunding balances	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
2019: POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets	2019-12-31	1,005,135
Acturial value of plan assets	2019-12-31	1,005,135
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	10
Fundng target for terminated vested participants	2019-12-31	22,945
Active participant vested funding target	2019-12-31	805,532
Number of active participants	2019-12-31	18
Total funding liabilities for active participants	2019-12-31	805,532
Total participant count	2019-12-31	28
Total funding target for all participants	2019-12-31	828,477
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	61,055
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	61,055
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	0
Total employee contributions	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
Additional cash requirement	2019-12-31	0
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets	2018-12-31	833,661
Acturial value of plan assets	2018-12-31	833,661
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	7
Fundng target for terminated vested participants	2018-12-31	14,509
Active participant vested funding target	2018-12-31	716,180
Number of active participants	2018-12-31	15
Total funding liabilities for active participants	2018-12-31	716,180
Total participant count	2018-12-31	22
Total funding target for all participants	2018-12-31	730,689
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	104,625
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	104,625
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	63,415
Total employee contributions	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	61,055
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	40,109
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	0
Additional cash requirement	2018-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	61,055
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets	2017-12-31	765,754
Acturial value of plan assets	2017-12-31	765,754
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	2
Fundng target for terminated vested participants	2017-12-31	2,559
Active participant vested funding target	2017-12-31	591,140
Number of active participants	2017-12-31	19
Total funding liabilities for active participants	2017-12-31	591,140
Total participant count	2017-12-31	21
Total funding target for all participants	2017-12-31	593,699
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	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	134,295
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	134,295
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	108,386
Total employee contributions	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	104,625
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	80,448
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	0
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	104,625
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: POINT B FULFILLMENT SOLUTIONS, LLC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	553,709
Acturial value of plan assets	2016-12-31	553,709
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	445,312
Number of active participants	2016-12-31	18
Total funding liabilities for active participants	2016-12-31	445,312
Total participant count	2016-12-31	18
Total funding target for all participants	2016-12-31	445,312
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
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	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	117,752
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	117,752
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	137,906
Total employee contributions	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	134,295
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	101,643
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	134,295
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:	POINT B FULFILLMENT SOLUTIONS, LLC
Employer identification number (EIN):	262041563
NAIC Classification:	424100