401k Plan data: YGCI NEW COMPARABILITY CASH BALANCE PLAN plan

YGCI NEW COMPARABILITY CASH BALANCE PLAN 401k Plan overview

Plan Name	YGCI NEW COMPARABILITY CASH BALANCE PLAN
Plan identification number	001

YGCI NEW COMPARABILITY 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).
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.
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).
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.
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.
Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

YOUNGS GENERAL CONTRACTING INC. has sponsored the creation of one or more 401k plans.

Company Name: YOUNGS GENERAL CONTRACTING INC.

Employer identification number (EIN): 431652949

NAIC Classification: 236200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan YGCI NEW COMPARABILITY CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-01-01 DENNIS YOUNG 2017-12-11
001 2016-01-01 DENNIS YOUNG 2017-06-27
001 2016-01-01 DENNIS YOUNG 2017-05-17
001 2015-01-01 DENNIS YOUNG 2016-10-07
001 2015-01-01 DENNIS YOUNG 2016-10-12
001 2014-01-01 DENNIS YOUNG 2016-07-18
001 2014-01-01 DENNIS YOUNG 2015-10-15
001 2013-01-01 DENNIS YOUNG 2016-07-18
001 2012-01-01 DENNIS YOUNG 2016-07-18
001 2011-01-01 DENNIS YOUNG 2016-07-28
001 2010-01-01 DENNIS YOUNG 2016-12-14
001 2009-01-01 DENNIS YOUNG 2016-07-18
001 2008-01-01 DENNIS YOUNG
001 2007-01-01 DENNIS YOUNG

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2017-01-01	DENNIS YOUNG	2017-12-11
001	2016-01-01	DENNIS YOUNG	2017-06-27
001	2016-01-01	DENNIS YOUNG	2017-05-17
001	2015-01-01	DENNIS YOUNG	2016-10-07
001	2015-01-01	DENNIS YOUNG	2016-10-12
001	2014-01-01	DENNIS YOUNG	2016-07-18
001	2014-01-01	DENNIS YOUNG	2015-10-15
001	2013-01-01	DENNIS YOUNG	2016-07-18
001	2012-01-01	DENNIS YOUNG	2016-07-18
001	2011-01-01	DENNIS YOUNG	2016-07-28
001	2010-01-01	DENNIS YOUNG	2016-12-14
001	2009-01-01	DENNIS YOUNG	2016-07-18
001	2008-01-01	DENNIS YOUNG
001	2007-01-01	DENNIS YOUNG

Plan Statistics for YGCI NEW COMPARABILITY CASH BALANCE PLAN

401k plan membership statisitcs for YGCI NEW COMPARABILITY CASH BALANCE PLAN

Measure Date Value
2016: YGCI NEW COMPARABILITY CASH BALANCE PLAN 2016 401k membership
Market value of plan assets 2016-12-31 813,693
Acturial value of plan assets 2016-12-31 813,693
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 2
Fundng target for terminated vested participants 2016-12-31 12,318
Active participant vested funding target 2016-12-31 795,554
Number of active participants 2016-12-31 6
Total funding liabilities for active participants 2016-12-31 796,249
Total participant count 2016-12-31 8
Total funding target for all participants 2016-12-31 808,567
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
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 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 29,337
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 30,953
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 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 0
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 0
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 0
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0
2008: YGCI NEW COMPARABILITY CASH BALANCE PLAN 2008 401k membership
Total participants, beginning-of-year 2008-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2008-01-01 8
Number of retired or separated participants receiving benefits 2008-01-01 0
Number of other retired or separated participants entitled to future benefits 2008-01-01 0
Total of all active and inactive participants 2008-01-01 8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2008-01-01 0
Total participants 2008-01-01 8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2008-01-01 0
2007: YGCI NEW COMPARABILITY CASH BALANCE PLAN 2007 401k membership
Total participants, beginning-of-year 2007-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2007-01-01 6
Number of retired or separated participants receiving benefits 2007-01-01 0
Number of other retired or separated participants entitled to future benefits 2007-01-01 0
Total of all active and inactive participants 2007-01-01 6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2007-01-01 0
Total participants 2007-01-01 6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2007-01-01 0

Measure	Date	Value
2016: YGCI NEW COMPARABILITY CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	813,693
Acturial value of plan assets	2016-12-31	813,693
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	2
Fundng target for terminated vested participants	2016-12-31	12,318
Active participant vested funding target	2016-12-31	795,554
Number of active participants	2016-12-31	6
Total funding liabilities for active participants	2016-12-31	796,249
Total participant count	2016-12-31	8
Total funding target for all participants	2016-12-31	808,567
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
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	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	29,337
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	30,953
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	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	0
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	0
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	0
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0
2008: YGCI NEW COMPARABILITY CASH BALANCE PLAN 2008 401k membership
Total participants, beginning-of-year	2008-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2008-01-01	8
Number of retired or separated participants receiving benefits	2008-01-01	0
Number of other retired or separated participants entitled to future benefits	2008-01-01	0
Total of all active and inactive participants	2008-01-01	8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2008-01-01	0
Total participants	2008-01-01	8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2008-01-01	0
2007: YGCI NEW COMPARABILITY CASH BALANCE PLAN 2007 401k membership
Total participants, beginning-of-year	2007-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2007-01-01	6
Number of retired or separated participants receiving benefits	2007-01-01	0
Number of other retired or separated participants entitled to future benefits	2007-01-01	0
Total of all active and inactive participants	2007-01-01	6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2007-01-01	0
Total participants	2007-01-01	6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2007-01-01	0

Financial Data on YGCI NEW COMPARABILITY CASH BALANCE PLAN

Measure	Date	Value
2008 : YGCI NEW COMPARABILITY CASH BALANCE PLAN 2008 401k financial data
Total income from all sources	2008-12-31	$126,214
Total plan assets at end of year	2008-12-31	$300,889
Total plan assets at beginning of year	2008-12-31	$174,675
Other income received	2008-12-31	$1,214
Net income (gross income less expenses)	2008-12-31	$126,214
Net plan assets at end of year (total assets less liabilities)	2008-12-31	$300,889
Net plan assets at beginning of year (total assets less liabilities)	2008-12-31	$174,675
Total contributions received or receivable from employer(s)	2008-12-31	$125,000
2007 : YGCI NEW COMPARABILITY CASH BALANCE PLAN 2007 401k financial data
Total income from all sources	2007-12-31	$174,675
Expenses. Total of all expenses incurred	2007-12-31	$0
Total plan assets at end of year	2007-12-31	$174,675
Total plan assets at beginning of year	2007-12-31	$0
Net income (gross income less expenses)	2007-12-31	$174,675
Net plan assets at end of year (total assets less liabilities)	2007-12-31	$174,675
Net plan assets at beginning of year (total assets less liabilities)	2007-12-31	$0
Total contributions received or receivable from employer(s)	2007-12-31	$174,675

Form 5500 Responses for YGCI NEW COMPARABILITY CASH BALANCE PLAN

2008: YGCI NEW COMPARABILITY CASH BALANCE PLAN 2008 form 5500 responses
2008-01-01	Type of plan entity	Single employer plan
2008-01-01	First time form 5500 has been submitted	Yes
2008-01-01	Submission has been amended	No
2008-01-01	This submission is the final filing	No
2008-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2008-01-01	Plan is a collectively bargained plan	No
2008-01-01	Plan funding arrangement – Trust	Yes
2008-01-01	Plan benefit arrangement - Trust	Yes
2007: YGCI NEW COMPARABILITY CASH BALANCE PLAN 2007 form 5500 responses
2007-01-01	Type of plan entity	Single employer plan
2007-01-01	First time form 5500 has been submitted	Yes
2007-01-01	Submission has been amended	No
2007-01-01	This submission is the final filing	No
2007-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2007-01-01	Plan is a collectively bargained plan	No
2007-01-01	Plan funding arrangement – Trust	Yes
2007-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	YOUNGS GENERAL CONTRACTING INC.
Employer identification number (EIN):	431652949
NAIC Classification:	236200