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SAGEWOOD SYSTEMS, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameSAGEWOOD SYSTEMS, INC. CASH BALANCE PENSION PLAN
Plan identification number 002

SAGEWOOD SYSTEMS, INC. CASH BALANCE PENSION 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.
  • 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).
  • 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

SAGEWOOD SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:SAGEWOOD SYSTEMS, INC.
Employer identification number (EIN):262209689
NAIC Classification:541512
NAIC Description:Computer Systems Design Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SAGEWOOD SYSTEMS, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022017-01-01WILLIAM WOOD2017-12-15
0022016-01-01WILLIAM WOOD2017-03-20
0022015-01-01WILLIAM WOOD2016-09-06
0022014-01-01WILLIAM WOOD2015-10-13
0022013-01-01WILLIAM WOOD2014-09-18
0022012-01-01WILLIAM WOOD2013-10-02
0022011-01-01WILLIAM WOOD2012-09-18

Plan Statistics for SAGEWOOD SYSTEMS, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for SAGEWOOD SYSTEMS, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2017: SAGEWOOD SYSTEMS, INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-10-311,424,027
Acturial value of plan assets2017-10-311,424,027
Funding target for retired participants and beneficiaries receiving payment2017-10-310
Number of terminated vested participants2017-10-315
Fundng target for terminated vested participants2017-10-311,376,612
Active participant vested funding target2017-10-310
Number of active participants2017-10-310
Total funding liabilities for active participants2017-10-310
Total participant count2017-10-315
Total funding target for all participants2017-10-311,376,612
Balance at beginning of prior year after applicable adjustments2017-10-310
Prefunding balance at beginning of prior year after applicable adjustments2017-10-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-10-310
Prefunding balanced used to offset prior years funding requirement2017-10-310
Amount remaining of carryover balance2017-10-310
Amount remaining of prefunding balance2017-10-310
Present value of excess contributions2017-10-3161,931
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-10-3161,931
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-10-310
Reductions in caryover balances due to elections or deemed elections2017-10-310
Reductions in prefunding balances due to elections or deemed elections2017-10-310
Balance of carryovers at beginning of current year2017-10-310
Balance of prefunding at beginning of current year2017-10-310
Total employer contributions2017-10-310
Total employee contributions2017-10-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-10-310
Contributions made to avoid restrictions adjusted to valuation date2017-10-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-10-310
Unpaid minimum required contributions for all prior years2017-10-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-10-310
Remaining amount of unpaid minimum required contributions2017-10-310
Minimum required contributions for current year target normal cost2017-10-310
Net shortfall amortization installment of oustanding balance2017-10-310
Waiver amortization installment2017-10-310
Waived amount of outstanding balance2017-10-310
Total funding amount beforereflecting carryover/prefunding balances2017-10-310
Carryover balance elected to use to offset funding requirement2017-10-310
Prefunding balance elected to use to offset funding requirement2017-10-310
Additional cash requirement2017-10-310
Contributions allocatedtoward minimum required contributions for current year2017-10-310
Unpaid minimum required contributions for current year2017-10-310
Unpaid minimum required contributions for all years2017-10-310
2016: SAGEWOOD SYSTEMS, INC. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-311,140,889
Acturial value of plan assets2016-12-311,140,889
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-315
Fundng target for terminated vested participants2016-12-311,157,322
Active participant vested funding target2016-12-310
Number of active participants2016-12-310
Total funding liabilities for active participants2016-12-310
Total participant count2016-12-315
Total funding target for all participants2016-12-311,157,322
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 contributions2016-12-316,763
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-316,763
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
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 year2016-12-310
Total employer contributions2016-12-31283,138
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 date2016-12-31277,737
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
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 cost2016-12-31212,181
Net shortfall amortization installment of oustanding balance2016-12-3116,433
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31215,806
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31215,806
Contributions allocatedtoward minimum required contributions for current year2016-12-31277,737
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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