401k Plan data: NEWS-2-YOU, INC. CASH BALANCE PLAN plan

NEWS-2-YOU, INC. CASH BALANCE PLAN 401k Plan overview

Plan Name	NEWS-2-YOU, INC. CASH BALANCE PLAN
Plan identification number	002

NEWS-2-YOU, INC. CASH BALANCE PLAN Benefits

401k Plan Type

Defined 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).
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
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

NEWS-2-YOU, INC. has sponsored the creation of one or more 401k plans.

Company Name: NEWS-2-YOU, INC.

Employer identification number (EIN): 341966759

NAIC Classification: 519100

Additional information about NEWS-2-YOU, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division

Incorporation Date: 2001-09-24

Company Identification Number: 1254382

Legal Registered Office Address: 35765 CHESTER ROAD
-
AVON
United States of America (USA)
44011

More information about NEWS-2-YOU, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEWS-2-YOU, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2018-01-01 MS. MARY PAT GRESPIN 2019-01-25
002 2018-01-01 MS. MARY PAT GRESPIN 2019-01-09
002 2017-01-01 MS. MARY PAT GRESPIN 2018-10-12
002 2016-01-01 MS. MARY PAT GRESPIN 2017-10-10
002 2015-01-01 MS. MARY PAT GRESPIN 2016-10-07
002 2014-01-01 MUST MATCH DOL CREDENTIALS 2015-10-13
002 2012-07-01 MARY PAT GRESPIN 2014-10-24
002 2011-07-01 MARY PAT GRESPIN 2013-04-09
002 2010-07-01 MARY PAT GRESPIN 2011-10-11

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2018-01-01	MS. MARY PAT GRESPIN	2019-01-25
002	2018-01-01	MS. MARY PAT GRESPIN	2019-01-09
002	2017-01-01	MS. MARY PAT GRESPIN	2018-10-12
002	2016-01-01	MS. MARY PAT GRESPIN	2017-10-10
002	2015-01-01	MS. MARY PAT GRESPIN	2016-10-07
002	2014-01-01	MUST MATCH DOL CREDENTIALS	2015-10-13
002	2012-07-01	MARY PAT GRESPIN	2014-10-24
002	2011-07-01	MARY PAT GRESPIN	2013-04-09
002	2010-07-01	MARY PAT GRESPIN	2011-10-11

Plan Statistics for NEWS-2-YOU, INC. CASH BALANCE PLAN

401k plan membership statisitcs for NEWS-2-YOU, INC. CASH BALANCE PLAN

Measure Date Value
2016: NEWS-2-YOU, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets 2016-12-31 4,363,729
Acturial value of plan assets 2016-12-31 4,363,729
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 1,710,942
Number of terminated vested participants 2016-12-31 5
Fundng target for terminated vested participants 2016-12-31 26,766
Active participant vested funding target 2016-12-31 967,023
Number of active participants 2016-12-31 46
Total funding liabilities for active participants 2016-12-31 969,723
Total participant count 2016-12-31 52
Total funding target for all participants 2016-12-31 2,707,431
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 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 885,596
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 941,477
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 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 0
Total employer contributions 2016-12-31 740,000
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 2016-12-31 723,431
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 2016-12-31 464,911
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Waived amount of outstanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 723,431
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2016: NEWS-2-YOU, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	4,363,729
Acturial value of plan assets	2016-12-31	4,363,729
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	1,710,942
Number of terminated vested participants	2016-12-31	5
Fundng target for terminated vested participants	2016-12-31	26,766
Active participant vested funding target	2016-12-31	967,023
Number of active participants	2016-12-31	46
Total funding liabilities for active participants	2016-12-31	969,723
Total participant count	2016-12-31	52
Total funding target for all participants	2016-12-31	2,707,431
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	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	885,596
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	941,477
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	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	0
Total employer contributions	2016-12-31	740,000
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	723,431
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	464,911
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	723,431
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	NEWS-2-YOU, INC.
Employer identification number (EIN):	341966759
NAIC Classification:	519100

Jurisdiction of Incorporation:	Ohio Secretary of State Business Services Division
Incorporation Date:	2001-09-24
Company Identification Number:	1254382
Legal Registered Office Address:	35765 CHESTER ROAD - AVON United States of America (USA) 44011