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MIDWEST ISO FLOOR-OFFSET PLAN 401k Plan overview

Plan NameMIDWEST ISO FLOOR-OFFSET PLAN
Plan identification number 002

MIDWEST ISO FLOOR-OFFSET PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • 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).

401k Sponsoring company profile

MISO has sponsored the creation of one or more 401k plans.

Company Name:MISO
Employer identification number (EIN):431827033
NAIC Classification:221100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIDWEST ISO FLOOR-OFFSET PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01ALLEGRA NOTTAGE2022-08-02
0022021-01-01ALLEGRA NOTTAGE2022-08-02
0022020-01-01GREGORY POWELL2021-07-27
0022019-01-01GREGORY POWELL2020-07-28
0022018-01-01MARK WYATT2019-09-04
0022017-01-01MARK WYATT2018-10-05
0022016-01-01MARK WYATT2017-07-27
0022015-01-01MARK WYATT2016-05-20
0022014-01-01MARK WYATT2015-06-02
0022013-01-01MARK WYATT2014-04-25
0022012-01-01MARK WYATT2013-07-29
0022011-01-01MARK WYATT2012-07-10
0022010-01-01GREGORY POWELL2011-05-26

Plan Statistics for MIDWEST ISO FLOOR-OFFSET PLAN

401k plan membership statisitcs for MIDWEST ISO FLOOR-OFFSET PLAN

Measure Date Value
2021: MIDWEST ISO FLOOR-OFFSET PLAN 2021 401k membership
Market value of plan assets2021-12-313,382,561
Acturial value of plan assets2021-12-313,070,454
Funding target for retired participants and beneficiaries receiving payment2021-12-311,741,599
Number of terminated vested participants2021-12-318
Fundng target for terminated vested participants2021-12-31649,889
Active participant vested funding target2021-12-31337,095
Number of active participants2021-12-3114
Total funding liabilities for active participants2021-12-31344,491
Total participant count2021-12-3136
Total funding target for all participants2021-12-312,735,979
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31189,123
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 balance2021-12-31189,123
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 year2021-12-31218,286
Total employer contributions2021-12-31455,505
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 date2021-12-31434,712
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 cost2021-12-3126,000
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 year2021-12-31434,712
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: MIDWEST ISO FLOOR-OFFSET PLAN 2020 401k membership
Market value of plan assets2020-12-313,096,299
Acturial value of plan assets2020-12-312,961,820
Funding target for retired participants and beneficiaries receiving payment2020-12-311,730,723
Number of terminated vested participants2020-12-318
Fundng target for terminated vested participants2020-12-31589,123
Active participant vested funding target2020-12-31297,540
Number of active participants2020-12-3114
Total funding liabilities for active participants2020-12-31304,041
Total participant count2020-12-3136
Total funding target for all participants2020-12-312,623,887
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31158,860
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 balance2020-12-31158,860
Present value of excess contributions2020-12-31206,852
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31218,208
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 year2020-12-31189,123
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 cost2020-12-3125,000
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: MIDWEST ISO FLOOR-OFFSET PLAN 2019 401k membership
Market value of plan assets2019-12-313,135,184
Acturial value of plan assets2019-12-313,256,596
Funding target for retired participants and beneficiaries receiving payment2019-12-311,753,491
Number of terminated vested participants2019-12-318
Fundng target for terminated vested participants2019-12-31543,449
Active participant vested funding target2019-12-31794,885
Number of active participants2019-12-3116
Total funding liabilities for active participants2019-12-31800,796
Total participant count2019-12-3138
Total funding target for all participants2019-12-313,097,736
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31198,867
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 balance2019-12-31198,867
Present value of excess contributions2019-12-31232,782
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31245,818
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 elections2019-12-3131,157
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31158,860
Total employer contributions2019-12-31250,000
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 date2019-12-31233,852
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 cost2019-12-3127,000
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3127,000
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-3127,000
Contributions allocatedtoward minimum required contributions for current year2019-12-31233,852
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: MIDWEST ISO FLOOR-OFFSET PLAN 2018 401k membership
Market value of plan assets2018-12-313,626,238
Acturial value of plan assets2018-12-313,422,241
Funding target for retired participants and beneficiaries receiving payment2018-12-311,356,298
Number of terminated vested participants2018-12-318
Fundng target for terminated vested participants2018-12-31488,508
Active participant vested funding target2018-12-311,346,405
Number of active participants2018-12-3118
Total funding liabilities for active participants2018-12-311,353,568
Total participant count2018-12-3138
Total funding target for all participants2018-12-313,198,374
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31137,796
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-3121,257
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31116,539
Present value of excess contributions2018-12-31183,248
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31196,090
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3163,787
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 year2018-12-31198,867
Total employer contributions2018-12-31250,000
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 date2018-12-31232,782
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 cost2018-12-3125,000
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 year2018-12-31232,782
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: MIDWEST ISO FLOOR-OFFSET PLAN 2017 401k membership
Market value of plan assets2017-12-313,102,249
Acturial value of plan assets2017-12-313,132,948
Funding target for retired participants and beneficiaries receiving payment2017-12-311,207,700
Number of terminated vested participants2017-12-3111
Fundng target for terminated vested participants2017-12-31561,105
Active participant vested funding target2017-12-311,219,114
Number of active participants2017-12-3118
Total funding liabilities for active participants2017-12-311,226,347
Total participant count2017-12-3138
Total funding target for all participants2017-12-312,995,152
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31114,671
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 balance2017-12-31114,671
Present value of excess contributions2017-12-31290,130
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31307,625
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3115,992
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 year2017-12-31137,796
Total employer contributions2017-12-31200,000
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 date2017-12-31185,991
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
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 cost2017-12-3124,000
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3124,000
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-3121,257
Additional cash requirement2017-12-312,743
Contributions allocatedtoward minimum required contributions for current year2017-12-31185,991
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: MIDWEST ISO FLOOR-OFFSET PLAN 2016 401k membership
Market value of plan assets2016-12-312,710,780
Acturial value of plan assets2016-12-312,794,396
Funding target for retired participants and beneficiaries receiving payment2016-12-311,168,650
Number of terminated vested participants2016-12-319
Fundng target for terminated vested participants2016-12-31441,272
Active participant vested funding target2016-12-311,273,126
Number of active participants2016-12-3121
Total funding liabilities for active participants2016-12-311,281,274
Total participant count2016-12-3138
Total funding target for all participants2016-12-312,891,196
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3183,532
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 balance2016-12-3183,532
Present value of excess contributions2016-12-3189,190
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3194,738
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3129,168
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 year2016-12-31114,671
Total employer contributions2016-12-31400,000
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 date2016-12-31382,395
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 cost2016-12-3124,000
Net shortfall amortization installment of oustanding balance2016-12-31211,471
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3192,265
Additional cash requirement2016-12-3192,265
Contributions allocatedtoward minimum required contributions for current year2016-12-31382,395
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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