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PARKLAND MANAGEMENT INC. RETIREMENT PLAN 401k Plan overview

Plan NamePARKLAND MANAGEMENT INC. RETIREMENT PLAN
Plan identification number 001

PARKLAND MANAGEMENT INC. RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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.

401k Sponsoring company profile

PARKLAND MANAGEMENT INC. has sponsored the creation of one or more 401k plans.

Company Name:PARKLAND MANAGEMENT INC.
Employer identification number (EIN):472555199
NAIC Classification:812990
NAIC Description:All Other Personal Services

Additional information about PARKLAND MANAGEMENT INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 2014-12-12
Company Identification Number: 4679586
Legal Registered Office Address: 100 WEST 18TH STREET
CF1
NEW YORK
United States of America (USA)
10011

More information about PARKLAND MANAGEMENT INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PARKLAND MANAGEMENT INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01STEVEN BRAUSER2023-08-14
0012023-01-01STEVEN BRAUSER2024-02-22
0012022-01-01STEVEN BRAUSER2023-09-09
0012021-01-01EDWARD ROJAS2022-04-18
0012021-01-01STEVEN BRAUSER2022-07-29
0012020-01-01STEVEN BRAUSER2021-02-20
0012019-01-01STEVEN BRAUSER2020-02-28
0012018-01-01STEVEN BRAUSER2019-06-29
0012017-01-01STEVEN BRAUSER2018-10-01

Plan Statistics for PARKLAND MANAGEMENT INC. RETIREMENT PLAN

401k plan membership statisitcs for PARKLAND MANAGEMENT INC. RETIREMENT PLAN

Measure Date Value
2017: PARKLAND MANAGEMENT INC. RETIREMENT PLAN 2017 401k membership
Market value of plan assets2017-12-312,657,112
Acturial value of plan assets2017-12-312,657,112
Active participant vested funding target2017-12-312,498,208
Number of active participants2017-12-317
Total funding liabilities for active participants2017-12-312,498,208
Total participant count2017-12-317
Total funding target for all participants2017-12-312,498,208
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31618,735
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 date2017-12-31618,735
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 cost2017-12-31618,735
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31618,735
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31618,735
Contributions allocatedtoward minimum required contributions for current year2017-12-31618,735
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310

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