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LAW OFFICES OF PARENTE & NOREM, P.C. CASH BALANCE PENSION PLAN & TRUST 401k Plan overview

Plan NameLAW OFFICES OF PARENTE & NOREM, P.C. CASH BALANCE PENSION PLAN & TRUST
Plan identification number 002

LAW OFFICES OF PARENTE & NOREM, P.C. CASH BALANCE PENSION PLAN & TRUST 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).

401k Sponsoring company profile

LAW OFFICES OF PARENTE & NOREM, P.C. has sponsored the creation of one or more 401k plans.

Company Name:LAW OFFICES OF PARENTE & NOREM, P.C.
Employer identification number (EIN):364082802
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAW OFFICES OF PARENTE & NOREM, P.C. CASH BALANCE PENSION PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01CHRISTOPHER NOREM2017-10-11 CHRISTOPHER NOREM2017-10-11
0022015-01-01CHRISTOPHER NOREM2016-10-03 CHRISTOPHER NOREM2016-10-03
0022014-01-01CHRISTOPHER NOREM2017-01-11 CHRISTOPHER NOREM2017-01-11
0022014-01-01CHRISTOPHER NOREM2015-10-06 CHRISTOPHER NOREM2015-10-06
0022013-01-01CHRISTOPHER NOREM2014-10-15 CHRISTOPHER NOREM2014-10-15

Plan Statistics for LAW OFFICES OF PARENTE & NOREM, P.C. CASH BALANCE PENSION PLAN & TRUST

401k plan membership statisitcs for LAW OFFICES OF PARENTE & NOREM, P.C. CASH BALANCE PENSION PLAN & TRUST

Measure Date Value
2022: LAW OFFICES OF PARENTE & NOREM, P.C. CASH BALANCE PENSION PLAN & TRUST 2022 401k membership
Market value of plan assets2022-12-312,189,407
Acturial value of plan assets2022-12-312,189,407
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-316
Fundng target for terminated vested participants2022-12-3138,617
Active participant vested funding target2022-12-312,557,004
Number of active participants2022-12-3110
Total funding liabilities for active participants2022-12-312,557,004
Total participant count2022-12-3116
Total funding target for all participants2022-12-312,595,621
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3183,106
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-3183,106
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31102,262
Total employer contributions2022-12-31320,520
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31313,295
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31261,734
Net shortfall amortization installment of oustanding balance2022-12-31513,804
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31309,215
Additional cash requirement2022-12-31309,215
Contributions allocatedtoward minimum required contributions for current year2022-12-31313,295
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: LAW OFFICES OF PARENTE & NOREM, P.C. CASH BALANCE PENSION PLAN & TRUST 2021 401k membership
Market value of plan assets2021-12-312,704,547
Acturial value of plan assets2021-12-312,704,547
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-313
Fundng target for terminated vested participants2021-12-3129,512
Active participant vested funding target2021-12-312,156,525
Number of active participants2021-12-3111
Total funding liabilities for active participants2021-12-312,156,525
Total participant count2021-12-3114
Total funding target for all participants2021-12-312,186,037
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3168,361
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-3168,361
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-3183,106
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31242,154
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: LAW OFFICES OF PARENTE & NOREM, P.C. CASH BALANCE PENSION PLAN & TRUST 2020 401k membership
Market value of plan assets2020-12-312,197,960
Acturial value of plan assets2020-12-312,197,960
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-313
Fundng target for terminated vested participants2020-12-3125,310
Active participant vested funding target2020-12-311,837,083
Number of active participants2020-12-3110
Total funding liabilities for active participants2020-12-311,837,083
Total participant count2020-12-3113
Total funding target for all participants2020-12-311,862,393
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3111,587
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-3111,587
Present value of excess contributions2020-12-3153,696
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3153,696
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3153,696
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-3168,361
Total employer contributions2020-12-310
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31243,517
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: LAW OFFICES OF PARENTE & NOREM, P.C. CASH BALANCE PENSION PLAN & TRUST 2019 401k membership
Market value of plan assets2019-12-311,615,545
Acturial value of plan assets2019-12-311,615,545
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-312
Fundng target for terminated vested participants2019-12-319,615
Active participant vested funding target2019-12-311,511,497
Number of active participants2019-12-3110
Total funding liabilities for active participants2019-12-311,511,497
Total participant count2019-12-3112
Total funding target for all participants2019-12-311,521,112
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31105,740
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-3193,218
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3112,522
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
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 year2019-12-3111,587
Total employer contributions2019-12-31207,452
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 date2019-12-31202,394
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 cost2019-12-31230,923
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31148,698
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31148,698
Contributions allocatedtoward minimum required contributions for current year2019-12-31202,394
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: LAW OFFICES OF PARENTE & NOREM, P.C. CASH BALANCE PENSION PLAN & TRUST 2018 401k membership
Market value of plan assets2018-12-311,150,156
Acturial value of plan assets2018-12-311,150,156
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-315
Fundng target for terminated vested participants2018-12-3131,283
Active participant vested funding target2018-12-311,187,947
Number of active participants2018-12-317
Total funding liabilities for active participants2018-12-311,187,947
Total participant count2018-12-3112
Total funding target for all participants2018-12-311,219,230
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 contributions2018-12-31105,740
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31105,740
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31105,740
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 year2018-12-31105,740
Total employer contributions2018-12-31150,449
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 date2018-12-31149,971
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 cost2018-12-31218,851
Net shortfall amortization installment of oustanding balance2018-12-31180,662
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31248,344
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-3198,373
Additional cash requirement2018-12-31149,971
Contributions allocatedtoward minimum required contributions for current year2018-12-31149,971
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: LAW OFFICES OF PARENTE & NOREM, P.C. CASH BALANCE PENSION PLAN & TRUST 2017 401k membership
Market value of plan assets2017-12-311,086,255
Acturial value of plan assets2017-12-311,086,255
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-313
Fundng target for terminated vested participants2017-12-3122,861
Active participant vested funding target2017-12-31893,147
Number of active participants2017-12-318
Total funding liabilities for active participants2017-12-31893,147
Total participant count2017-12-3111
Total funding target for all participants2017-12-31916,008
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 contributions2017-12-31106,563
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31106,563
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 contributions2017-12-31149,000
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 date2017-12-31143,721
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 cost2017-12-31208,228
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3137,981
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3137,981
Contributions allocatedtoward minimum required contributions for current year2017-12-31143,721
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: LAW OFFICES OF PARENTE & NOREM, P.C. CASH BALANCE PENSION PLAN & TRUST 2016 401k membership
Market value of plan assets2016-12-31750,346
Acturial value of plan assets2016-12-31750,346
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-314,021
Active participant vested funding target2016-12-31640,151
Number of active participants2016-12-318
Total funding liabilities for active participants2016-12-31640,151
Total participant count2016-12-319
Total funding target for all participants2016-12-31644,172
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 contributions2016-12-31109,209
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31109,209
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 contributions2016-12-31209,000
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 date2016-12-31200,647
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 cost2016-12-31200,258
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 balances2016-12-3194,084
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3194,084
Contributions allocatedtoward minimum required contributions for current year2016-12-31200,647
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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