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OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN 401k Plan overview

Plan NameOHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN
Plan identification number 002

OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

OHIO EDUCATION ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:OHIO EDUCATION ASSOCIATION
Employer identification number (EIN):314269414
NAIC Classification:611000

Additional information about OHIO EDUCATION ASSOCIATION

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 1925-09-17
Company Identification Number: 118226
Legal Registered Office Address: 225 E BROAD ST
-
COLUMBUS
United States of America (USA)
43215

More information about OHIO EDUCATION ASSOCIATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-09-01
0022021-09-01
0022020-09-01
0022019-09-01
0022018-09-01
0022017-09-01
0022016-09-01
0022015-09-01
0022014-09-01
0022013-09-01TIM MYERS2015-03-18 SHERYL MATHIS2015-03-18
0022012-09-01TIM MYERS2014-06-11 SHERYL MATHIS2014-06-11
0022011-09-01TIM MYERS2013-05-29 LARRY WICKS2013-05-29
0022010-09-01JAMES TIMLIN2012-03-21 LARRY WICKS2012-03-21
0022009-09-01JAMES TIMLIN
0022009-09-01JAMES TIMLIN LARRY WICKS2011-06-08

Plan Statistics for OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN

401k plan membership statisitcs for OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN

Measure Date Value
2023: OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN 2023 401k membership
Market value of plan assets2023-08-3131,992,180
Acturial value of plan assets2023-08-3135,191,398
Funding target for retired participants and beneficiaries receiving payment2023-08-3121,175,600
Number of terminated vested participants2023-08-3115
Fundng target for terminated vested participants2023-08-312,511,939
Active participant vested funding target2023-08-313,902,935
Number of active participants2023-08-3121
Total funding liabilities for active participants2023-08-314,239,860
Total participant count2023-08-3192
Total funding target for all participants2023-08-3127,927,399
Balance at beginning of prior year after applicable adjustments2023-08-310
Prefunding balance at beginning of prior year after applicable adjustments2023-08-319,264,517
Carryover balanced portion elected for use to offset prior years funding requirement2023-08-310
Prefunding balanced used to offset prior years funding requirement2023-08-31526,276
Amount remaining of carryover balance2023-08-310
Amount remaining of prefunding balance2023-08-318,738,241
Present value of excess contributions2023-08-31890,850
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-08-31840,137
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-08-31840,137
Reductions in caryover balances due to elections or deemed elections2023-08-310
Reductions in prefunding balances due to elections or deemed elections2023-08-310
Balance of carryovers at beginning of current year2023-08-310
Balance of prefunding at beginning of current year2023-08-318,402,211
Total employer contributions2023-08-313,000,000
Total employee contributions2023-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2023-08-310
Contributions made to avoid restrictions adjusted to valuation date2023-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-08-312,953,647
Liquidity shortfalls end of Q12023-08-310
Liquidity shortfalls end of Q22023-08-310
Liquidity shortfalls end of Q32023-08-310
Liquidity shortfalls end of Q42023-08-310
Unpaid minimum required contributions for all prior years2023-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-08-310
Remaining amount of unpaid minimum required contributions2023-08-310
Minimum required contributions for current year target normal cost2023-08-31522,415
Net shortfall amortization installment of oustanding balance2023-08-311,138,212
Waiver amortization installment2023-08-310
Total funding amount beforereflecting carryover/prefunding balances2023-08-31629,256
Carryover balance elected to use to offset funding requirement2023-08-310
Prefunding balance elected to use to offset funding requirement2023-08-310
Additional cash requirement2023-08-31629,256
Contributions allocatedtoward minimum required contributions for current year2023-08-312,953,647
Unpaid minimum required contributions for current year2023-08-310
Unpaid minimum required contributions for all years2023-08-310
2022: OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN 2022 401k membership
Market value of plan assets2022-08-3138,151,029
Acturial value of plan assets2022-08-3136,162,776
Funding target for retired participants and beneficiaries receiving payment2022-08-3121,216,011
Number of terminated vested participants2022-08-3113
Fundng target for terminated vested participants2022-08-312,109,923
Active participant vested funding target2022-08-313,730,325
Number of active participants2022-08-3117
Total funding liabilities for active participants2022-08-313,962,351
Total participant count2022-08-3186
Total funding target for all participants2022-08-3127,288,285
Balance at beginning of prior year after applicable adjustments2022-08-310
Prefunding balance at beginning of prior year after applicable adjustments2022-08-319,295,385
Carryover balanced portion elected for use to offset prior years funding requirement2022-08-310
Prefunding balanced used to offset prior years funding requirement2022-08-31924,086
Amount remaining of carryover balance2022-08-310
Amount remaining of prefunding balance2022-08-318,371,299
Present value of excess contributions2022-08-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-08-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-08-310
Reductions in caryover balances due to elections or deemed elections2022-08-310
Reductions in prefunding balances due to elections or deemed elections2022-08-310
Balance of carryovers at beginning of current year2022-08-310
Balance of prefunding at beginning of current year2022-08-319,264,517
Total employer contributions2022-08-311,000,000
Total employee contributions2022-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-08-310
Contributions made to avoid restrictions adjusted to valuation date2022-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-08-31970,416
Liquidity shortfalls end of Q12022-08-310
Liquidity shortfalls end of Q22022-08-310
Liquidity shortfalls end of Q32022-08-310
Liquidity shortfalls end of Q42022-08-310
Unpaid minimum required contributions for all prior years2022-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-08-310
Remaining amount of unpaid minimum required contributions2022-08-310
Minimum required contributions for current year target normal cost2022-08-31569,475
Net shortfall amortization installment of oustanding balance2022-08-31390,026
Waiver amortization installment2022-08-310
Total funding amount beforereflecting carryover/prefunding balances2022-08-31605,842
Carryover balance elected to use to offset funding requirement2022-08-310
Prefunding balance elected to use to offset funding requirement2022-08-31526,276
Additional cash requirement2022-08-3179,566
Contributions allocatedtoward minimum required contributions for current year2022-08-31970,416
Unpaid minimum required contributions for current year2022-08-310
Unpaid minimum required contributions for all years2022-08-310
2021: OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN 2021 401k membership
Market value of plan assets2021-08-3136,437,090
Acturial value of plan assets2021-08-3134,792,238
Funding target for retired participants and beneficiaries receiving payment2021-08-3121,876,689
Number of terminated vested participants2021-08-3110
Fundng target for terminated vested participants2021-08-311,814,949
Active participant vested funding target2021-08-313,720,691
Number of active participants2021-08-3120
Total funding liabilities for active participants2021-08-314,023,842
Total participant count2021-08-3185
Total funding target for all participants2021-08-3127,715,480
Balance at beginning of prior year after applicable adjustments2021-08-310
Prefunding balance at beginning of prior year after applicable adjustments2021-08-319,192,730
Carryover balanced portion elected for use to offset prior years funding requirement2021-08-310
Prefunding balanced used to offset prior years funding requirement2021-08-31925,021
Amount remaining of carryover balance2021-08-310
Amount remaining of prefunding balance2021-08-318,267,709
Present value of excess contributions2021-08-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-08-310
Reductions in caryover balances due to elections or deemed elections2021-08-310
Reductions in prefunding balances due to elections or deemed elections2021-08-310
Balance of carryovers at beginning of current year2021-08-310
Balance of prefunding at beginning of current year2021-08-319,295,385
Total employer contributions2021-08-310
Total employee contributions2021-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-08-310
Contributions made to avoid restrictions adjusted to valuation date2021-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-08-310
Liquidity shortfalls end of Q12021-08-310
Liquidity shortfalls end of Q22021-08-310
Liquidity shortfalls end of Q32021-08-310
Liquidity shortfalls end of Q42021-08-310
Unpaid minimum required contributions for all prior years2021-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-08-310
Remaining amount of unpaid minimum required contributions2021-08-310
Minimum required contributions for current year target normal cost2021-08-31498,133
Net shortfall amortization installment of oustanding balance2021-08-312,218,627
Waiver amortization installment2021-08-310
Total funding amount beforereflecting carryover/prefunding balances2021-08-31924,086
Carryover balance elected to use to offset funding requirement2021-08-310
Prefunding balance elected to use to offset funding requirement2021-08-31924,086
Additional cash requirement2021-08-310
Contributions allocatedtoward minimum required contributions for current year2021-08-310
Unpaid minimum required contributions for current year2021-08-310
Unpaid minimum required contributions for all years2021-08-310
2020: OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN 2020 401k membership
Market value of plan assets2020-08-3134,289,821
Acturial value of plan assets2020-08-3134,006,185
Funding target for retired participants and beneficiaries receiving payment2020-08-3121,036,061
Number of terminated vested participants2020-08-3110
Fundng target for terminated vested participants2020-08-311,898,422
Active participant vested funding target2020-08-313,886,854
Number of active participants2020-08-3120
Total funding liabilities for active participants2020-08-314,081,541
Total participant count2020-08-3182
Total funding target for all participants2020-08-3127,016,024
Balance at beginning of prior year after applicable adjustments2020-08-310
Prefunding balance at beginning of prior year after applicable adjustments2020-08-319,193,662
Carryover balanced portion elected for use to offset prior years funding requirement2020-08-310
Prefunding balanced used to offset prior years funding requirement2020-08-31670,827
Amount remaining of carryover balance2020-08-310
Amount remaining of prefunding balance2020-08-318,522,835
Present value of excess contributions2020-08-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-08-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-08-310
Reductions in caryover balances due to elections or deemed elections2020-08-310
Reductions in prefunding balances due to elections or deemed elections2020-08-310
Balance of carryovers at beginning of current year2020-08-310
Balance of prefunding at beginning of current year2020-08-319,192,730
Total employer contributions2020-08-310
Total employee contributions2020-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-08-310
Contributions made to avoid restrictions adjusted to valuation date2020-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-08-310
Liquidity shortfalls end of Q12020-08-310
Liquidity shortfalls end of Q22020-08-310
Liquidity shortfalls end of Q32020-08-310
Liquidity shortfalls end of Q42020-08-310
Unpaid minimum required contributions for all prior years2020-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-08-310
Remaining amount of unpaid minimum required contributions2020-08-310
Minimum required contributions for current year target normal cost2020-08-31546,851
Net shortfall amortization installment of oustanding balance2020-08-312,202,569
Waiver amortization installment2020-08-310
Total funding amount beforereflecting carryover/prefunding balances2020-08-31925,021
Carryover balance elected to use to offset funding requirement2020-08-310
Prefunding balance elected to use to offset funding requirement2020-08-31925,021
Additional cash requirement2020-08-310
Contributions allocatedtoward minimum required contributions for current year2020-08-310
Unpaid minimum required contributions for current year2020-08-310
Unpaid minimum required contributions for all years2020-08-310
2019: OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN 2019 401k membership
Market value of plan assets2019-08-3133,679,032
Acturial value of plan assets2019-08-3133,881,361
Funding target for retired participants and beneficiaries receiving payment2019-08-3120,790,316
Number of terminated vested participants2019-08-3110
Fundng target for terminated vested participants2019-08-311,701,070
Active participant vested funding target2019-08-312,790,023
Number of active participants2019-08-3119
Total funding liabilities for active participants2019-08-313,241,491
Total participant count2019-08-3182
Total funding target for all participants2019-08-3125,732,877
Balance at beginning of prior year after applicable adjustments2019-08-310
Prefunding balance at beginning of prior year after applicable adjustments2019-08-316,848,438
Carryover balanced portion elected for use to offset prior years funding requirement2019-08-310
Prefunding balanced used to offset prior years funding requirement2019-08-310
Amount remaining of carryover balance2019-08-310
Amount remaining of prefunding balance2019-08-316,848,438
Present value of excess contributions2019-08-311,929,721
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-08-312,041,838
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-08-312,041,838
Balance of carryovers at beginning of current year2019-08-310
Balance of prefunding at beginning of current year2019-08-319,193,662
Total employer contributions2019-08-310
Total employee contributions2019-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-08-310
Contributions made to avoid restrictions adjusted to valuation date2019-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-08-310
Liquidity shortfalls end of Q12019-08-310
Liquidity shortfalls end of Q22019-08-310
Liquidity shortfalls end of Q32019-08-310
Liquidity shortfalls end of Q42019-08-310
Unpaid minimum required contributions for all prior years2019-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-08-310
Remaining amount of unpaid minimum required contributions2019-08-310
Minimum required contributions for current year target normal cost2019-08-31500,202
Net shortfall amortization installment of oustanding balance2019-08-311,045,178
Waiver amortization installment2019-08-310
Total funding amount beforereflecting carryover/prefunding balances2019-08-31670,827
Carryover balance elected to use to offset funding requirement2019-08-310
Prefunding balance elected to use to offset funding requirement2019-08-31670,827
Additional cash requirement2019-08-310
Contributions allocatedtoward minimum required contributions for current year2019-08-310
Unpaid minimum required contributions for current year2019-08-310
Unpaid minimum required contributions for all years2019-08-310
2018: OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN 2018 401k membership
Market value of plan assets2018-08-3131,826,444
Acturial value of plan assets2018-08-3131,400,601
Funding target for retired participants and beneficiaries receiving payment2018-08-3120,227,525
Number of terminated vested participants2018-08-318
Fundng target for terminated vested participants2018-08-311,302,061
Active participant vested funding target2018-08-313,378,105
Number of active participants2018-08-3122
Total funding liabilities for active participants2018-08-314,008,801
Total participant count2018-08-3182
Total funding target for all participants2018-08-3125,538,387
Balance at beginning of prior year after applicable adjustments2018-08-310
Prefunding balance at beginning of prior year after applicable adjustments2018-08-314,855,644
Carryover balanced portion elected for use to offset prior years funding requirement2018-08-310
Prefunding balanced used to offset prior years funding requirement2018-08-310
Amount remaining of carryover balance2018-08-310
Amount remaining of prefunding balance2018-08-314,855,644
Present value of excess contributions2018-08-311,573,539
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-08-311,667,951
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-08-311,667,951
Reductions in prefunding balances due to elections or deemed elections2018-08-310
Balance of carryovers at beginning of current year2018-08-310
Balance of prefunding at beginning of current year2018-08-316,848,438
Total employer contributions2018-08-312,500,000
Total employee contributions2018-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-08-310
Contributions made to avoid restrictions adjusted to valuation date2018-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-08-312,438,293
Liquidity shortfalls end of Q12018-08-310
Liquidity shortfalls end of Q22018-08-310
Liquidity shortfalls end of Q32018-08-310
Liquidity shortfalls end of Q42018-08-310
Unpaid minimum required contributions for all prior years2018-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-08-310
Remaining amount of unpaid minimum required contributions2018-08-310
Minimum required contributions for current year target normal cost2018-08-31508,572
Net shortfall amortization installment of oustanding balance2018-08-310
Waiver amortization installment2018-08-310
Total funding amount beforereflecting carryover/prefunding balances2018-08-31508,572
Carryover balance elected to use to offset funding requirement2018-08-310
Prefunding balance elected to use to offset funding requirement2018-08-310
Additional cash requirement2018-08-31508,572
Contributions allocatedtoward minimum required contributions for current year2018-08-312,438,293
Unpaid minimum required contributions for current year2018-08-310
Unpaid minimum required contributions for all years2018-08-310
2017: OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN 2017 401k membership
Market value of plan assets2017-08-3129,731,089
Acturial value of plan assets2017-08-3129,924,164
Funding target for retired participants and beneficiaries receiving payment2017-08-3119,849,901
Number of terminated vested participants2017-08-318
Fundng target for terminated vested participants2017-08-311,181,944
Active participant vested funding target2017-08-313,417,220
Number of active participants2017-08-3120
Total funding liabilities for active participants2017-08-313,907,178
Total participant count2017-08-3180
Total funding target for all participants2017-08-3124,939,023
Balance at beginning of prior year after applicable adjustments2017-08-310
Prefunding balance at beginning of prior year after applicable adjustments2017-08-314,529,690
Carryover balanced portion elected for use to offset prior years funding requirement2017-08-310
Prefunding balanced used to offset prior years funding requirement2017-08-3167,602
Amount remaining of carryover balance2017-08-310
Amount remaining of prefunding balance2017-08-314,462,088
Present value of excess contributions2017-08-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-08-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-08-310
Reductions in prefunding balances due to elections or deemed elections2017-08-310
Balance of carryovers at beginning of current year2017-08-310
Balance of prefunding at beginning of current year2017-08-314,855,644
Total employer contributions2017-08-312,000,000
Total employee contributions2017-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-08-310
Contributions made to avoid restrictions adjusted to valuation date2017-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-08-311,967,697
Unpaid minimum required contributions for all prior years2017-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-08-310
Remaining amount of unpaid minimum required contributions2017-08-310
Minimum required contributions for current year target normal cost2017-08-31523,655
Net shortfall amortization installment of oustanding balance2017-08-310
Waiver amortization installment2017-08-310
Total funding amount beforereflecting carryover/prefunding balances2017-08-31394,158
Carryover balance elected to use to offset funding requirement2017-08-310
Prefunding balance elected to use to offset funding requirement2017-08-310
Additional cash requirement2017-08-31394,158
Contributions allocatedtoward minimum required contributions for current year2017-08-311,967,697
Unpaid minimum required contributions for current year2017-08-310
Unpaid minimum required contributions for all years2017-08-310
2009: OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-09-0176
Total number of active participants reported on line 7a of the Form 55002009-09-0124
Number of retired or separated participants receiving benefits2009-09-0137
Number of other retired or separated participants entitled to future benefits2009-09-017
Total of all active and inactive participants2009-09-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-09-018
Total participants2009-09-0176
Number of participants with account balances2009-09-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-09-011

Financial Data on OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN

Measure Date Value
2010 : OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-08-31$0

Form 5500 Responses for OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN

2009: OHIO EDUCATION ASSOCIATION MANAGEMENT EMPLOYEES PENSION PLAN 2009 form 5500 responses
2009-09-01Type of plan entitySingle employer plan
2009-09-01Submission has been amendedNo
2009-09-01This submission is the final filingNo
2009-09-01This return/report is a short plan year return/report (less than 12 months)No
2009-09-01Plan is a collectively bargained planNo
2009-09-01Plan funding arrangement – TrustYes
2009-09-01Plan benefit arrangement - TrustYes

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