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| Plan Name | PRIORITY PENSION SERVICES, INC. RETIREMENT PLAN |
| Plan identification number | 002 |
| 401k Plan Type | Defined Benefit Pension |
| Plan Features/Benefits |
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| Company Name: | PRIORITY PENSION SERVICES, INC. |
| Employer identification number (EIN): | 330238457 |
| NAIC Classification: | 541219 |
| NAIC Description: | Other Accounting Services |
Additional information about PRIORITY PENSION SERVICES, INC.
| Jurisdiction of Incorporation: | New York Department of State |
| Incorporation Date: | 2006-10-13 |
| Company Identification Number: | 3424211 |
| Legal Registered Office Address: |
370 N. IOWA AVENUE 370 N. IOWA AVENUE NORTH MASSAPEQUA United States of America (USA) 11758 |
More information about PRIORITY PENSION SERVICES, INC.
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|---|---|---|---|---|
| 002 | 2016-01-01 | CHERI KESSNER | 2017-09-25 | ||
| 002 | 2015-01-01 | CHERI KESSNER | 2016-10-06 | ||
| 002 | 2014-01-01 | CHERI KESSNER | 2015-10-08 | ||
| 002 | 2013-01-01 | CHERI KESSNER | 2014-10-08 | ||
| 002 | 2012-01-01 | CHERI KESSNER | 2013-10-08 | ||
| 002 | 2011-01-01 | CHERI KESSNER | 2012-09-24 | ||
| 002 | 2010-01-01 | CHERI WILNER KESSNER | 2011-10-11 |
| Measure | Date | Value |
|---|---|---|
| 2016: PRIORITY PENSION SERVICES, INC. RETIREMENT PLAN 2016 401k membership | ||
| Market value of plan assets | 2016-12-31 | 969,003 |
| Acturial value of plan assets | 2016-12-31 | 969,003 |
| 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 | 741,077 |
| Number of active participants | 2016-12-31 | 2 |
| Total funding liabilities for active participants | 2016-12-31 | 741,077 |
| Total participant count | 2016-12-31 | 2 |
| Total funding target for all participants | 2016-12-31 | 741,077 |
| 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 | 172,167 |
| 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 | 172,167 |
| Present value of excess contributions | 2016-12-31 | 95,388 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2016-12-31 | 95,388 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2016-12-31 | 95,388 |
| Reductions in caryover balances due to elections or deemed elections | 2016-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2016-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2016-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2016-12-31 | 278,298 |
| Total employer contributions | 2016-12-31 | 145,000 |
| 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 | 137,585 |
| 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 | 38,773 |
| Net shortfall amortization installment of oustanding balance | 2016-12-31 | 33,841 |
| Waiver amortization installment | 2016-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2016-12-31 | 47,791 |
| Carryover balance elected to use to offset funding requirement | 2016-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2016-12-31 | 0 |
| Additional cash requirement | 2016-12-31 | 47,791 |
| Contributions allocatedtoward minimum required contributions for current year | 2016-12-31 | 137,585 |
| 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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