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GSC, LLC CASH BALANCE PLAN 401k Plan overview

Plan NameGSC, LLC CASH BALANCE PLAN
Plan identification number 002

GSC, LLC 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).
  • 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).

401k Sponsoring company profile

GUBSER & SCHNAKENBERG, LLC has sponsored the creation of one or more 401k plans.

Company Name:GUBSER & SCHNAKENBERG, LLC
Employer identification number (EIN):272838085
NAIC Classification:541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GSC, LLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01MARK GUBSER2020-11-24 MARK GUBSER2020-11-24
0022019-01-01
0022018-01-01MARK GUBSER2019-07-02 MARK GUBSER2019-07-02
0022017-01-01MARK GUBSER2018-06-01 MARK GUBSER2018-06-01
0022016-01-01MARK GUBSER2017-07-17 MARK GUBSER2017-07-17
0022015-01-01MARK GUBSER2016-06-23 MARK GUBSER2016-06-23
0022014-01-01MARK GUBSER2015-08-28
0022014-01-01MARK GUBSER2015-05-18 MARK GUBSER2015-05-18
0022013-01-01MARK GUBSER2014-04-15 MARK GUBSER2014-04-15
0022012-01-01MARK GUBSER2013-07-11

Plan Statistics for GSC, LLC CASH BALANCE PLAN

401k plan membership statisitcs for GSC, LLC CASH BALANCE PLAN

Measure Date Value
2020: GSC, LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-07-311,701,885
Acturial value of plan assets2020-07-311,701,885
Funding target for retired participants and beneficiaries receiving payment2020-07-310
Number of terminated vested participants2020-07-311
Fundng target for terminated vested participants2020-07-312,642
Active participant vested funding target2020-07-311,673,465
Number of active participants2020-07-313
Total funding liabilities for active participants2020-07-311,673,465
Total participant count2020-07-314
Total funding target for all participants2020-07-311,676,107
Balance at beginning of prior year after applicable adjustments2020-07-310
Prefunding balance at beginning of prior year after applicable adjustments2020-07-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-07-310
Prefunding balanced used to offset prior years funding requirement2020-07-310
Amount remaining of carryover balance2020-07-310
Amount remaining of prefunding balance2020-07-310
Present value of excess contributions2020-07-3118,777
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-07-3119,727
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-07-310
Reductions in caryover balances due to elections or deemed elections2020-07-310
Reductions in prefunding balances due to elections or deemed elections2020-07-310
Balance of carryovers at beginning of current year2020-07-310
Balance of prefunding at beginning of current year2020-07-310
Total employer contributions2020-07-310
Total employee contributions2020-07-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-07-310
Contributions made to avoid restrictions adjusted to valuation date2020-07-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-07-310
Unpaid minimum required contributions for all prior years2020-07-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-07-310
Remaining amount of unpaid minimum required contributions2020-07-310
Minimum required contributions for current year target normal cost2020-07-310
Net shortfall amortization installment of oustanding balance2020-07-310
Waiver amortization installment2020-07-310
Total funding amount beforereflecting carryover/prefunding balances2020-07-310
Carryover balance elected to use to offset funding requirement2020-07-310
Prefunding balance elected to use to offset funding requirement2020-07-310
Additional cash requirement2020-07-310
Contributions allocatedtoward minimum required contributions for current year2020-07-310
Unpaid minimum required contributions for current year2020-07-310
Unpaid minimum required contributions for all years2020-07-310
2019: GSC, LLC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,266,389
Acturial value of plan assets2019-12-311,266,389
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-312,428
Active participant vested funding target2019-12-311,373,306
Number of active participants2019-12-313
Total funding liabilities for active participants2019-12-311,373,306
Total participant count2019-12-314
Total funding target for all participants2019-12-311,375,734
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
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 balance2019-12-310
Present value of excess contributions2019-12-318,503
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-318,943
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
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 year2019-12-310
Total employer contributions2019-12-31298,548
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 date2019-12-31280,769
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 cost2019-12-31242,327
Net shortfall amortization installment of oustanding balance2019-12-31109,345
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31261,992
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31261,992
Contributions allocatedtoward minimum required contributions for current year2019-12-31280,769
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: GSC, LLC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,060,304
Acturial value of plan assets2018-12-311,060,304
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-312,199
Active participant vested funding target2018-12-311,085,558
Number of active participants2018-12-314
Total funding liabilities for active participants2018-12-311,086,096
Total participant count2018-12-315
Total funding target for all participants2018-12-311,088,295
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3112,800
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3113,533
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 year2018-12-310
Total employer contributions2018-12-31256,365
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 date2018-12-31235,553
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
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 cost2018-12-31221,367
Net shortfall amortization installment of oustanding balance2018-12-3127,991
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31227,050
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31227,050
Contributions allocatedtoward minimum required contributions for current year2018-12-31235,553
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: GSC, LLC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31783,144
Acturial value of plan assets2017-12-31783,144
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-311,984
Active participant vested funding target2017-12-31799,256
Number of active participants2017-12-313
Total funding liabilities for active participants2017-12-31800,795
Total participant count2017-12-314
Total funding target for all participants2017-12-31802,779
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
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 balance2017-12-310
Present value of excess contributions2017-12-317,274
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-317,705
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
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 year2017-12-310
Total employer contributions2017-12-31216,379
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 date2017-12-31202,333
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 cost2017-12-31185,688
Net shortfall amortization installment of oustanding balance2017-12-3119,635
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31189,533
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31189,533
Contributions allocatedtoward minimum required contributions for current year2017-12-31202,333
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: GSC, LLC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31558,757
Acturial value of plan assets2016-12-31558,757
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 target2016-12-31590,719
Number of active participants2016-12-314
Total funding liabilities for active participants2016-12-31590,719
Total participant count2016-12-314
Total funding target for all participants2016-12-31590,719
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 contributions2016-12-316,642
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-317,048
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 contributions2016-12-31187,098
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 date2016-12-31176,725
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 cost2016-12-31164,170
Net shortfall amortization installment of oustanding balance2016-12-3131,962
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31169,451
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31169,451
Contributions allocatedtoward minimum required contributions for current year2016-12-31176,725
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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