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HPC DEFINED BENEFIT PLAN 401k Plan overview

Plan NameHPC DEFINED BENEFIT PLAN
Plan identification number 003

HPC DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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).
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

HUGHES-PRIMEAU CONTROLS, INC. has sponsored the creation of one or more 401k plans.

Company Name:HUGHES-PRIMEAU CONTROLS, INC.
Employer identification number (EIN):341440244
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HPC DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032020-01-01
0032019-01-01PAUL E. KRAUSE, JR.2020-07-31
0032018-01-01PAUL KRAUSE2019-04-03
0032017-01-01PAUL KRAUSE2018-09-16
0032016-01-01PAUL KRAUSE2017-05-25
0032016-01-01PAUL KRAUSE2018-07-17
0032015-01-01PAUL KRAUSE2016-09-16
0032014-01-01ANDREW ZELT2015-07-28 ANDREW ZELT2015-07-28
0032014-01-01PAUL KRAUSE, JR.2015-09-30
0032013-01-01PAUL KRAUSE, JR.2014-10-06
0032012-02-01PAUL KRAUSE, JR.2013-10-12

Plan Statistics for HPC DEFINED BENEFIT PLAN

401k plan membership statisitcs for HPC DEFINED BENEFIT PLAN

Measure Date Value
2020: HPC DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-08-134,235,992
Acturial value of plan assets2020-08-134,235,992
Funding target for retired participants and beneficiaries receiving payment2020-08-130
Number of terminated vested participants2020-08-131
Fundng target for terminated vested participants2020-08-131,828
Active participant vested funding target2020-08-133,746,620
Number of active participants2020-08-1313
Total funding liabilities for active participants2020-08-133,748,512
Total participant count2020-08-1314
Total funding target for all participants2020-08-133,750,340
Balance at beginning of prior year after applicable adjustments2020-08-130
Prefunding balance at beginning of prior year after applicable adjustments2020-08-130
Carryover balanced portion elected for use to offset prior years funding requirement2020-08-130
Prefunding balanced used to offset prior years funding requirement2020-08-130
Amount remaining of carryover balance2020-08-130
Amount remaining of prefunding balance2020-08-130
Present value of excess contributions2020-08-13306,605
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-08-13323,376
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-08-130
Reductions in caryover balances due to elections or deemed elections2020-08-130
Reductions in prefunding balances due to elections or deemed elections2020-08-130
Balance of carryovers at beginning of current year2020-08-130
Balance of prefunding at beginning of current year2020-08-130
Total employer contributions2020-08-130
Total employee contributions2020-08-130
Contributions allocated toward unpaid minimum require contributions from prior years2020-08-130
Contributions made to avoid restrictions adjusted to valuation date2020-08-130
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-08-130
Unpaid minimum required contributions for all prior years2020-08-130
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-08-130
Remaining amount of unpaid minimum required contributions2020-08-130
Minimum required contributions for current year target normal cost2020-08-130
Net shortfall amortization installment of oustanding balance2020-08-130
Waiver amortization installment2020-08-130
Total funding amount beforereflecting carryover/prefunding balances2020-08-130
Carryover balance elected to use to offset funding requirement2020-08-130
Prefunding balance elected to use to offset funding requirement2020-08-130
Additional cash requirement2020-08-130
Contributions allocatedtoward minimum required contributions for current year2020-08-130
Unpaid minimum required contributions for current year2020-08-130
Unpaid minimum required contributions for all years2020-08-130
2019: HPC DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-313,929,387
Acturial value of plan assets2019-12-313,929,387
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-311,795
Active participant vested funding target2019-12-312,703,652
Number of active participants2019-12-3113
Total funding liabilities for active participants2019-12-312,704,967
Total participant count2019-12-3114
Total funding target for all participants2019-12-312,706,762
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 contributions2019-12-31778,789
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31778,789
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 contributions2019-12-31300,000
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 date2019-12-31306,605
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 cost2019-12-31390,463
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31306,605
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: HPC DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets2018-12-312,374,180
Acturial value of plan assets2018-12-312,374,180
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-311,738
Active participant vested funding target2018-12-312,181,452
Number of active participants2018-12-3112
Total funding liabilities for active participants2018-12-312,183,249
Total participant count2018-12-3114
Total funding target for all participants2018-12-312,184,987
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 contributions2018-12-31364,954
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31364,954
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 contributions2018-12-31950,000
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 date2018-12-31956,028
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 cost2018-12-31366,432
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31177,239
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31177,239
Contributions allocatedtoward minimum required contributions for current year2018-12-31956,028
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: HPC DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-312,157,157
Acturial value of plan assets2017-12-312,157,157
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-311,309
Active participant vested funding target2017-12-311,539,934
Number of active participants2017-12-3112
Total funding liabilities for active participants2017-12-311,541,545
Total participant count2017-12-3114
Total funding target for all participants2017-12-311,542,854
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 contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
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 contributions2017-12-31369,335
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 date2017-12-31364,954
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 cost2017-12-31310,292
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Waived amount of outstanding balance2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31364,954
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: HPC DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-311,637,558
Acturial value of plan assets2016-12-311,637,558
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-312
Fundng target for terminated vested participants2016-12-311,167
Active participant vested funding target2016-12-311,294,000
Number of active participants2016-12-3112
Total funding liabilities for active participants2016-12-311,295,055
Total participant count2016-12-3114
Total funding target for all participants2016-12-311,296,222
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 contributions2016-12-31295,301
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31295,301
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 contributions2016-12-31255,379
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 date2016-12-31251,300
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 cost2016-12-31332,174
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-31251,300
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-3180,874

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