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MIKE ZOOK FARM CASH BALANCE PLAN 401k Plan overview

Plan NameMIKE ZOOK FARM CASH BALANCE PLAN
Plan identification number 002

MIKE ZOOK FARM CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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).
  • 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).
  • Plan covering Self-Employed individuals.

401k Sponsoring company profile

MIKE ZOOK FARM has sponsored the creation of one or more 401k plans.

Company Name:MIKE ZOOK FARM
Employer identification number (EIN):450348272
NAIC Classification:111100
NAIC Description:Oilseed and Grain Farming

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIKE ZOOK FARM CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01MIKE ZOOK2024-10-01
0022022-01-01MIKE ZOOK2023-07-04
0022021-01-01MIKE ZOOK2022-10-10
0022020-01-01MIKE ZOOK2021-10-12 MIKE ZOOK2021-10-12
0022019-01-01MIKE ZOOK2020-10-06 MIKE ZOOK2020-10-06
0022018-01-01MIKE ZOOK2019-10-03 MIKE ZOOK2019-10-03
0022017-01-01MIKE ZOOK2018-10-09 MIKE ZOOK2018-10-09
0022016-01-01MIKE ZOOK2017-07-25 MIKE ZOOK2017-07-25
0022015-01-01MIKE ZOOK2016-07-18 MIKE ZOOK2016-07-18
0022014-01-01MIKE ZOOK2015-09-25 MIKE ZOOK2015-09-25
0022013-01-01MIKE ZOOK2014-10-14 MIKE ZOOK2014-10-14
0022012-01-01MIKE ZOOK2013-10-14
0022011-01-01MIKE ZOOK2012-09-07
0022010-01-01MIKE ZOOK2011-10-12

Plan Statistics for MIKE ZOOK FARM CASH BALANCE PLAN

401k plan membership statisitcs for MIKE ZOOK FARM CASH BALANCE PLAN

Measure Date Value
2022: MIKE ZOOK FARM CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-311,474,433
Acturial value of plan assets2022-12-311,474,433
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-311
Fundng target for terminated vested participants2022-12-3113,916
Active participant vested funding target2022-12-311,550,326
Number of active participants2022-12-313
Total funding liabilities for active participants2022-12-311,550,326
Total participant count2022-12-314
Total funding target for all participants2022-12-311,564,242
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 contributions2022-12-31374
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31374
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 contributions2022-12-3111,000
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 date2022-12-3110,619
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 cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-3189,809
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-319,256
Additional cash requirement2022-12-319,256
Contributions allocatedtoward minimum required contributions for current year2022-12-3110,619
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: MIKE ZOOK FARM CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-311,342,981
Acturial value of plan assets2021-12-311,342,981
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-311
Fundng target for terminated vested participants2021-12-3112,540
Active participant vested funding target2021-12-311,467,867
Number of active participants2021-12-313
Total funding liabilities for active participants2021-12-311,467,867
Total participant count2021-12-314
Total funding target for all participants2021-12-311,480,407
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 contributions2021-12-318,697
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-318,697
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 contributions2021-12-3114,000
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 date2021-12-3113,523
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 cost2021-12-310
Net shortfall amortization installment of oustanding balance2021-12-31137,426
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3113,149
Additional cash requirement2021-12-3113,149
Contributions allocatedtoward minimum required contributions for current year2021-12-3113,523
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: MIKE ZOOK FARM CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,321,195
Acturial value of plan assets2020-12-311,321,195
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-3111,347
Active participant vested funding target2020-12-311,389,355
Number of active participants2020-12-313
Total funding liabilities for active participants2020-12-311,389,355
Total participant count2020-12-314
Total funding target for all participants2020-12-311,400,702
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-311,300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-311,300
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-3116,847
Total employee contributions2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-3116,162
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-3179,507
Total funding amount beforereflecting carryover/prefunding balances2020-12-317,465
Additional cash requirement2020-12-317,465
Contributions allocatedtoward minimum required contributions for current year2020-12-3116,162
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: MIKE ZOOK FARM CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,223,026
Acturial value of plan assets2019-12-311,223,026
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-311,345,286
Number of active participants2019-12-314
Total funding liabilities for active participants2019-12-311,345,286
Total participant count2019-12-314
Total funding target for all participants2019-12-311,345,286
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-31110
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31110
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-3122,300
Total employee contributions2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-3121,771
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-31122,260
Total funding amount beforereflecting carryover/prefunding balances2019-12-3120,471
Additional cash requirement2019-12-3120,471
Contributions allocatedtoward minimum required contributions for current year2019-12-3121,771
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: MIKE ZOOK FARM CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,244,247
Acturial value of plan assets2018-12-311,244,247
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 target2018-12-311,275,460
Number of active participants2018-12-314
Total funding liabilities for active participants2018-12-311,275,460
Total participant count2018-12-314
Total funding target for all participants2018-12-311,275,460
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-312,468
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-312,468
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-315,285
Total employee contributions2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-315,206
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-3131,213
Total funding amount beforereflecting carryover/prefunding balances2018-12-315,096
Additional cash requirement2018-12-315,096
Contributions allocatedtoward minimum required contributions for current year2018-12-315,206
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: MIKE ZOOK FARM CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-311,090,667
Acturial value of plan assets2017-12-311,090,667
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 target2017-12-311,075,992
Number of active participants2017-12-314
Total funding liabilities for active participants2017-12-311,075,992
Total participant count2017-12-314
Total funding target for all participants2017-12-311,075,992
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-3139,412
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3139,412
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31116,350
Total employee contributions2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31114,563
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31126,770
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31112,095
Additional cash requirement2017-12-31112,095
Contributions allocatedtoward minimum required contributions for current year2017-12-31114,563
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: MIKE ZOOK FARM CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31915,112
Acturial value of plan assets2016-12-31915,112
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-31705
Active participant vested funding target2016-12-31886,190
Number of active participants2016-12-313
Total funding liabilities for active participants2016-12-31886,190
Total participant count2016-12-314
Total funding target for all participants2016-12-31886,895
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-3166,873
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3166,873
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31136,037
Total employee contributions2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31135,580
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31124,385
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3196,168
Additional cash requirement2016-12-3196,168
Contributions allocatedtoward minimum required contributions for current year2016-12-31135,580
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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