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DUSTIN CONSTRUCTION, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameDUSTIN CONSTRUCTION, INC. CASH BALANCE PENSION PLAN
Plan identification number 002

DUSTIN CONSTRUCTION, INC. CASH BALANCE PENSION PLAN Benefits

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

DUSTIN CONSTRUCTION, INC. has sponsored the creation of one or more 401k plans.

Company Name:DUSTIN CONSTRUCTION, INC.
Employer identification number (EIN):520888630
NAIC Classification:236200

Additional information about DUSTIN CONSTRUCTION, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1978-09-06
Company Identification Number: 585583
Legal Registered Office Address: 106 LA GROW RD

LAKE PLACID

33852

More information about DUSTIN CONSTRUCTION, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DUSTIN CONSTRUCTION, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01SARAH PALMER2024-07-31
0022022-01-01SARAH PALMER2023-10-12 SARAH PALMER2023-10-12
0022021-01-01SARAH PALMER2022-10-12 SARAH PALMER2022-10-12
0022020-01-01KELLY KOPP2021-10-14 KELLY KOPP2021-10-14
0022019-01-01KELLY KOPP2020-09-24
0022018-01-01KELLY KOPP2019-09-26
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01SARAH CUMMINGS2015-07-06
0022013-01-01ERIC CUMMINGS2014-09-26
0022012-01-01TOM LIECHTI2013-07-16
0022011-01-01SARAH CUMMINGS2012-10-08

Plan Statistics for DUSTIN CONSTRUCTION, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for DUSTIN CONSTRUCTION, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2022: DUSTIN CONSTRUCTION, INC. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-316,899,195
Acturial value of plan assets2022-12-316,899,195
Funding target for retired participants and beneficiaries receiving payment2022-12-3170,918
Number of terminated vested participants2022-12-3118
Fundng target for terminated vested participants2022-12-31121,866
Active participant vested funding target2022-12-314,982,351
Number of active participants2022-12-3156
Total funding liabilities for active participants2022-12-314,982,351
Total participant count2022-12-3175
Total funding target for all participants2022-12-315,175,135
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 contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
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 contributions2022-12-310
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 cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
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: DUSTIN CONSTRUCTION, INC. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-316,899,195
Acturial value of plan assets2021-12-316,899,195
Funding target for retired participants and beneficiaries receiving payment2021-12-3170,002
Number of terminated vested participants2021-12-3118
Fundng target for terminated vested participants2021-12-31113,064
Active participant vested funding target2021-12-314,625,146
Number of active participants2021-12-3154
Total funding liabilities for active participants2021-12-314,625,146
Total participant count2021-12-3173
Total funding target for all participants2021-12-314,808,212
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 contributions2021-12-31525,137
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31525,137
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 year2021-12-310
Total employer contributions2021-12-310
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 date2021-12-310
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 cost2021-12-3198,329
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 year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: DUSTIN CONSTRUCTION, INC. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-315,530,043
Acturial value of plan assets2020-12-315,530,043
Funding target for retired participants and beneficiaries receiving payment2020-12-3186,734
Number of terminated vested participants2020-12-3118
Fundng target for terminated vested participants2020-12-31104,890
Active participant vested funding target2020-12-314,442,720
Number of active participants2020-12-3155
Total funding liabilities for active participants2020-12-314,443,823
Total participant count2020-12-3174
Total funding target for all participants2020-12-314,635,447
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
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 balance2020-12-310
Present value of excess contributions2020-12-31432,540
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31432,540
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 year2020-12-310
Total employer contributions2020-12-31545,246
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 date2020-12-31525,137
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 cost2020-12-31521,780
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 year2020-12-31525,137
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: DUSTIN CONSTRUCTION, INC. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-314,628,302
Acturial value of plan assets2019-12-314,628,302
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-3116
Fundng target for terminated vested participants2019-12-31116,919
Active participant vested funding target2019-12-313,919,716
Number of active participants2019-12-3158
Total funding liabilities for active participants2019-12-313,919,716
Total participant count2019-12-3174
Total funding target for all participants2019-12-314,036,635
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
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 balance2019-12-310
Present value of excess contributions2019-12-3148,373
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3148,373
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 elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31449,729
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 date2019-12-31432,540
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 cost2019-12-31440,405
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31432,540
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: DUSTIN CONSTRUCTION, INC. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-313,755,999
Acturial value of plan assets2018-12-313,755,999
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-318
Fundng target for terminated vested participants2018-12-3145,760
Active participant vested funding target2018-12-313,322,766
Number of active participants2018-12-3157
Total funding liabilities for active participants2018-12-313,322,766
Total participant count2018-12-3165
Total funding target for all participants2018-12-313,368,526
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 contributions2018-12-31423,046
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31423,046
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
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 year2018-12-310
Total employer contributions2018-12-31162,553
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 date2018-12-31160,192
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 cost2018-12-31499,292
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31111,819
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31111,819
Contributions allocatedtoward minimum required contributions for current year2018-12-31160,192
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: DUSTIN CONSTRUCTION, INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-313,565,689
Acturial value of plan assets2017-12-313,565,689
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-319
Fundng target for terminated vested participants2017-12-3178,908
Active participant vested funding target2017-12-312,498,364
Number of active participants2017-12-3155
Total funding liabilities for active participants2017-12-312,498,364
Total participant count2017-12-3164
Total funding target for all participants2017-12-312,577,272
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 contributions2017-12-31676,902
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31676,902
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 contributions2017-12-31437,681
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 date2017-12-31423,046
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 cost2017-12-31139,401
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31423,046
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: DUSTIN CONSTRUCTION, INC. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-312,327,180
Acturial value of plan assets2016-12-312,327,180
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-318
Fundng target for terminated vested participants2016-12-3131,789
Active participant vested funding target2016-12-312,796,599
Number of active participants2016-12-3155
Total funding liabilities for active participants2016-12-312,796,599
Total participant count2016-12-3163
Total funding target for all participants2016-12-312,828,388
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-310
Present value of excess contributions2016-12-318,473
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-318,473
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
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 year2016-12-310
Total employer contributions2016-12-31923,000
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 date2016-12-31890,684
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 cost2016-12-31128,014
Net shortfall amortization installment of oustanding balance2016-12-31501,208
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31213,782
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31213,782
Contributions allocatedtoward minimum required contributions for current year2016-12-31890,684
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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