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LEVEL 5 RETAIL CONSTRUCTION CASH BALANCE PLAN 401k Plan overview

Plan NameLEVEL 5 RETAIL CONSTRUCTION CASH BALANCE PLAN
Plan identification number 002

LEVEL 5 RETAIL CONSTRUCTION CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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).
  • 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

LEVEL 5 RETAIL CONSTRUCTION, INC. has sponsored the creation of one or more 401k plans.

Company Name:LEVEL 5 RETAIL CONSTRUCTION, INC.
Employer identification number (EIN):472745588
NAIC Classification:236200

Additional information about LEVEL 5 RETAIL CONSTRUCTION, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2015-01-06
Company Identification Number: 0802129937
Legal Registered Office Address: 6406 HIGHWAY 78 STE 208

SACHSE
United States of America (USA)
75048

More information about LEVEL 5 RETAIL CONSTRUCTION, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LEVEL 5 RETAIL CONSTRUCTION CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01SUSAN COOLAHAN2024-10-07
0022022-01-01SUSAN HARGROVE2023-09-29
0022021-01-01SUSAN HARGROVE2022-09-28
0022020-01-01SUSAN HARGROVE2021-10-07
0022019-01-01CORY ALDRICH2020-10-12
0022018-01-01CORY ALDRICH2019-09-30
0022017-01-01CORY ALDRICH2018-10-10

Plan Statistics for LEVEL 5 RETAIL CONSTRUCTION CASH BALANCE PLAN

401k plan membership statisitcs for LEVEL 5 RETAIL CONSTRUCTION CASH BALANCE PLAN

Measure Date Value
2022: LEVEL 5 RETAIL CONSTRUCTION CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-311,122,268
Acturial value of plan assets2022-12-311,122,268
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-313
Fundng target for terminated vested participants2022-12-313,611
Active participant vested funding target2022-12-31740,224
Number of active participants2022-12-319
Total funding liabilities for active participants2022-12-31740,612
Total participant count2022-12-3112
Total funding target for all participants2022-12-31744,223
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31237,333
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 balance2022-12-31237,333
Present value of excess contributions2022-12-31114,776
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31120,952
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-31120,952
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 year2022-12-31378,102
Total employer contributions2022-12-310
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 date2022-12-310
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 cost2022-12-31128,557
Net shortfall amortization installment of oustanding balance2022-12-3157
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31128,562
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-31128,562
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: LEVEL 5 RETAIL CONSTRUCTION CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-31837,237
Acturial value of plan assets2021-12-31837,237
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-313
Fundng target for terminated vested participants2021-12-315,288
Active participant vested funding target2021-12-31558,678
Number of active participants2021-12-318
Total funding liabilities for active participants2021-12-31559,735
Total participant count2021-12-3111
Total funding target for all participants2021-12-31565,023
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3187,271
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 balance2021-12-3187,271
Present value of excess contributions2021-12-31124,027
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31130,513
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-31130,513
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 year2021-12-31237,333
Total employer contributions2021-12-31225,000
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 date2021-12-31204,801
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 cost2021-12-31124,906
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3190,025
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-3190,025
Contributions allocatedtoward minimum required contributions for current year2021-12-31204,801
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: LEVEL 5 RETAIL CONSTRUCTION CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-31468,856
Acturial value of plan assets2020-12-31468,856
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-311,128
Active participant vested funding target2020-12-31411,912
Number of active participants2020-12-318
Total funding liabilities for active participants2020-12-31412,844
Total participant count2020-12-319
Total funding target for all participants2020-12-31413,972
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3167,963
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 balance2020-12-3167,963
Present value of excess contributions2020-12-316,353
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-316,694
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-316,694
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 year2020-12-3187,271
Total employer contributions2020-12-31273,000
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 date2020-12-31256,050
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 cost2020-12-31132,023
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31132,023
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31132,023
Contributions allocatedtoward minimum required contributions for current year2020-12-31256,050
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: LEVEL 5 RETAIL CONSTRUCTION CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31283,706
Acturial value of plan assets2019-12-31283,706
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 target2019-12-310
Number of active participants2019-12-318
Total funding liabilities for active participants2019-12-31252,726
Total participant count2019-12-318
Total funding target for all participants2019-12-31252,726
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3126,602
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 balance2019-12-3126,602
Present value of excess contributions2019-12-3144,069
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3146,511
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-3146,511
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-3167,963
Total employer contributions2019-12-31150,000
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 date2019-12-31132,572
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 cost2019-12-31127,018
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31127,018
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31127,018
Contributions allocatedtoward minimum required contributions for current year2019-12-31132,572
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: LEVEL 5 RETAIL CONSTRUCTION CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31127,983
Acturial value of plan assets2018-12-31127,983
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 target2018-12-310
Number of active participants2018-12-315
Total funding liabilities for active participants2018-12-31113,469
Total participant count2018-12-315
Total funding target for all participants2018-12-31113,469
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 contributions2018-12-3125,158
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3126,602
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3126,602
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 year2018-12-3126,602
Total employer contributions2018-12-31175,000
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 date2018-12-31157,461
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 cost2018-12-31113,392
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31113,392
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31113,392
Contributions allocatedtoward minimum required contributions for current year2018-12-31157,461
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: LEVEL 5 RETAIL CONSTRUCTION CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-310
Acturial value of plan assets2017-12-310
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 target2017-12-310
Number of active participants2017-12-315
Total funding liabilities for active participants2017-12-310
Total participant count2017-12-315
Total funding target for all participants2017-12-310
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 contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
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 contributions2017-12-31127,983
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 date2017-12-31118,157
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 cost2017-12-3192,999
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3192,999
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3192,999
Contributions allocatedtoward minimum required contributions for current year2017-12-31118,157
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310

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