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MICHAEL BEST & FRIEDRICH, LLP PARTNERS CASH BALANCE PLAN 401k Plan overview

Plan NameMICHAEL BEST & FRIEDRICH, LLP PARTNERS CASH BALANCE PLAN
Plan identification number 004

MICHAEL BEST & FRIEDRICH, LLP PARTNERS CASH BALANCE PLAN 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).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covering Self-Employed individuals.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MICHAEL BEST & FRIEDRICH, LLP has sponsored the creation of one or more 401k plans.

Company Name:MICHAEL BEST & FRIEDRICH, LLP
Employer identification number (EIN):390934985
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MICHAEL BEST & FRIEDRICH, LLP PARTNERS CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042022-01-01MATTHEW MOSS2023-10-12
0042021-01-01MATTHEW MOSS2022-10-12
0042020-01-01ANDIE GEBERT2021-10-09
0042019-01-01JOHN HUBER2020-10-02
0042018-01-01JOHN HUBER2019-10-10
0042017-01-01JOHN HUBER2018-10-11
0042016-01-01JOHN HUBER2017-10-10
0042015-01-01
0042014-01-01L DAVID LENTZ2015-10-13 L DAVID LENTZ2015-10-13
0042013-01-01BRIAN AMMERMAN2014-09-26 BRIAN AMMERMAN2014-09-26
0042012-01-01BRIAN AMMERMAN2013-06-17 BRIAN AMMERMAN2013-06-17
0042011-01-01BRIAN J AMMERMAN2012-09-17 BRIAN J AMMERMAN2012-09-17
0042010-01-01BRIAN AMMERMAN2011-06-08 BRIAN AMMERMAN2011-06-08

Plan Statistics for MICHAEL BEST & FRIEDRICH, LLP PARTNERS CASH BALANCE PLAN

401k plan membership statisitcs for MICHAEL BEST & FRIEDRICH, LLP PARTNERS CASH BALANCE PLAN

Measure Date Value
2022: MICHAEL BEST & FRIEDRICH, LLP PARTNERS CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-3118,058,232
Acturial value of plan assets2022-12-3118,058,232
Funding target for retired participants and beneficiaries receiving payment2022-12-31504,542
Number of terminated vested participants2022-12-3116
Fundng target for terminated vested participants2022-12-311,569,325
Active participant vested funding target2022-12-3112,880,012
Number of active participants2022-12-3192
Total funding liabilities for active participants2022-12-3112,880,012
Total participant count2022-12-31111
Total funding target for all participants2022-12-3114,953,879
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
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 balance2022-12-310
Present value of excess contributions2022-12-312,375,932
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-312,503,282
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 year2022-12-310
Total employer contributions2022-12-315,774,400
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 date2022-12-315,475,798
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 cost2022-12-312,775,531
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-315,475,798
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: MICHAEL BEST & FRIEDRICH, LLP PARTNERS CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-3115,434,610
Acturial value of plan assets2021-12-3115,434,610
Funding target for retired participants and beneficiaries receiving payment2021-12-31506,948
Number of terminated vested participants2021-12-3116
Fundng target for terminated vested participants2021-12-31900,878
Active participant vested funding target2021-12-3111,555,492
Number of active participants2021-12-3189
Total funding liabilities for active participants2021-12-3111,559,704
Total participant count2021-12-31108
Total funding target for all participants2021-12-3112,967,530
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
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 balance2021-12-310
Present value of excess contributions2021-12-311,276,234
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-311,341,960
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 year2021-12-310
Total employer contributions2021-12-312,466,929
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 date2021-12-312,375,932
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 cost2021-12-311,243,032
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 year2021-12-312,375,932
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: MICHAEL BEST & FRIEDRICH, LLP PARTNERS CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-3114,398,787
Acturial value of plan assets2020-12-3114,398,787
Funding target for retired participants and beneficiaries receiving payment2020-12-31478,279
Number of terminated vested participants2020-12-3123
Fundng target for terminated vested participants2020-12-311,704,579
Active participant vested funding target2020-12-319,878,876
Number of active participants2020-12-3184
Total funding liabilities for active participants2020-12-319,878,876
Total participant count2020-12-31109
Total funding target for all participants2020-12-3112,061,734
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
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 balance2020-12-310
Present value of excess contributions2020-12-311,774,486
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-311,869,776
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
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 year2020-12-310
Total employer contributions2020-12-311,317,897
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 date2020-12-311,276,234
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 cost2020-12-311,239,403
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 year2020-12-311,276,234
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: MICHAEL BEST & FRIEDRICH, LLP PARTNERS CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-3111,391,473
Acturial value of plan assets2019-12-3111,391,473
Funding target for retired participants and beneficiaries receiving payment2019-12-31482,009
Number of terminated vested participants2019-12-3120
Fundng target for terminated vested participants2019-12-311,230,557
Active participant vested funding target2019-12-318,629,463
Number of active participants2019-12-3178
Total funding liabilities for active participants2019-12-318,629,463
Total participant count2019-12-31100
Total funding target for all participants2019-12-3110,342,029
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 contributions2019-12-311,586,493
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-311,675,337
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 contributions2019-12-311,875,066
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 date2019-12-311,809,909
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 cost2019-12-311,084,867
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3135,423
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-3135,423
Contributions allocatedtoward minimum required contributions for current year2019-12-311,809,909
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: MICHAEL BEST & FRIEDRICH, LLP PARTNERS CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-3110,375,751
Acturial value of plan assets2018-12-3110,375,751
Funding target for retired participants and beneficiaries receiving payment2018-12-31484,902
Number of terminated vested participants2018-12-3118
Fundng target for terminated vested participants2018-12-311,048,605
Active participant vested funding target2018-12-317,143,085
Number of active participants2018-12-3184
Total funding liabilities for active participants2018-12-317,145,891
Total participant count2018-12-31104
Total funding target for all participants2018-12-318,679,398
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 contributions2018-12-311,643,914
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-311,738,768
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 contributions2018-12-311,637,875
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 date2018-12-311,586,493
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 cost2018-12-311,095,259
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-311,586,493
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: MICHAEL BEST & FRIEDRICH, LLP PARTNERS CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-318,302,216
Acturial value of plan assets2017-12-318,302,216
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-3119
Fundng target for terminated vested participants2017-12-311,253,754
Active participant vested funding target2017-12-315,695,722
Number of active participants2017-12-3178
Total funding liabilities for active participants2017-12-315,706,077
Total participant count2017-12-3197
Total funding target for all participants2017-12-316,959,831
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 contributions2017-12-31597,133
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31632,424
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 contributions2017-12-311,699,500
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 date2017-12-311,643,914
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 cost2017-12-311,088,597
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
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-311,643,914
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: MICHAEL BEST & FRIEDRICH, LLP PARTNERS CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-317,656,823
Acturial value of plan assets2016-12-317,656,823
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-3117
Fundng target for terminated vested participants2016-12-31473,614
Active participant vested funding target2016-12-315,301,610
Number of active participants2016-12-3188
Total funding liabilities for active participants2016-12-315,355,536
Total participant count2016-12-31105
Total funding target for all participants2016-12-315,829,150
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 contributions2016-12-311,184,687
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-311,184,687
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 contributions2016-12-31617,885
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 date2016-12-31597,133
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 cost2016-12-31710,427
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 year2016-12-31597,133
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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