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BONSTONE MATERIALS CORPORATION CASH BALANCE PLAN 401k Plan overview

Plan NameBONSTONE MATERIALS CORPORATION CASH BALANCE PLAN
Plan identification number 002

BONSTONE MATERIALS CORPORATION CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.

401k Sponsoring company profile

BONSTONE MATERIALS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:BONSTONE MATERIALS CORPORATION
Employer identification number (EIN):391738624
NAIC Classification:325500

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BONSTONE MATERIALS CORPORATION CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022019-01-01MIKE BECKMANN2020-04-13 MIKE BECKMANN2020-04-13
0022018-01-01MIKE BECKMANN2019-08-26 MIKE BECKMANN2019-08-26
0022017-01-01MIKE BECKMANN2018-09-17 MIKE BECKMANN2018-09-17
0022016-01-01MIKE BECKMANN2017-06-07 MIKE BECKMANN2017-06-07
0022015-01-01MIKE BECKMANN2016-09-15 MIKE BECKMANN2016-09-15

Plan Statistics for BONSTONE MATERIALS CORPORATION CASH BALANCE PLAN

401k plan membership statisitcs for BONSTONE MATERIALS CORPORATION CASH BALANCE PLAN

Measure Date Value
2018: BONSTONE MATERIALS CORPORATION CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31291,680
Acturial value of plan assets2018-12-31291,680
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-31295,077
Number of active participants2018-12-317
Total funding liabilities for active participants2018-12-31295,077
Total participant count2018-12-317
Total funding target for all participants2018-12-31295,077
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 contributions2018-12-3137,939
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3137,939
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 contributions2018-12-3167,803
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 date2018-12-3165,892
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 cost2018-12-3164,621
Net shortfall amortization installment of oustanding balance2018-12-313,397
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3165,235
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-3165,235
Contributions allocatedtoward minimum required contributions for current year2018-12-3165,892
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: BONSTONE MATERIALS CORPORATION CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31176,146
Acturial value of plan assets2017-12-31176,146
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-31179,199
Number of active participants2017-12-317
Total funding liabilities for active participants2017-12-31179,199
Total participant count2017-12-317
Total funding target for all participants2017-12-31179,199
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 contributions2017-12-314,426
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-314,426
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 contributions2017-12-31125,000
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 date2017-12-31120,621
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 cost2017-12-3182,181
Net shortfall amortization installment of oustanding balance2017-12-313,053
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3182,682
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3182,682
Contributions allocatedtoward minimum required contributions for current year2017-12-31120,621
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: BONSTONE MATERIALS CORPORATION CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-3183,394
Acturial value of plan assets2016-12-3183,394
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-3181,493
Number of active participants2016-12-317
Total funding liabilities for active participants2016-12-3181,493
Total participant count2016-12-317
Total funding target for all participants2016-12-3181,493
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 contributions2016-12-312,946
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-312,946
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 contributions2016-12-3189,000
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 date2016-12-3188,062
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 cost2016-12-3185,537
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 balances2016-12-3183,636
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3183,636
Contributions allocatedtoward minimum required contributions for current year2016-12-3188,062
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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