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| Plan Name | TECHNOLOGY CONSULTANTS, INC. CASH BALANCE PLAN |
| Plan identification number | 004 |
| 401k Plan Type | Defined Benefit Pension |
| Plan Features/Benefits |
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| Company Name: | TECHNOLOGY CONSULTANTS, INC. |
| Employer identification number (EIN): | 541801398 |
| NAIC Classification: | 541511 |
| NAIC Description: | Custom Computer Programming Services |
Additional information about TECHNOLOGY CONSULTANTS, INC.
| Jurisdiction of Incorporation: | Virginia Secretary of State |
| Incorporation Date: | 1996-05-03 |
| Company Identification Number: | 0465353 |
| Legal Registered Office Address: |
1163 DALEVIEW DR. MCLEAN United States of America (USA) 22102 |
More information about TECHNOLOGY CONSULTANTS, INC.
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|---|---|---|---|---|
| 004 | 2023-01-01 | LENA SARDESAI | 2024-10-02 | ||
| 004 | 2022-01-01 | LENA SARDESAI | 2023-08-28 | ||
| 004 | 2021-01-01 | LENA SARDESAI | 2022-07-15 |
| Measure | Date | Value |
|---|---|---|
| 2022: TECHNOLOGY CONSULTANTS, INC. CASH BALANCE PLAN 2022 401k membership | ||
| Market value of plan assets | 2022-12-31 | 1,927,371 |
| Acturial value of plan assets | 2022-12-31 | 1,927,371 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 0 |
| Number of terminated vested participants | 2022-12-31 | 1 |
| Fundng target for terminated vested participants | 2022-12-31 | 20,070 |
| Active participant vested funding target | 2022-12-31 | 1,732,055 |
| Number of active participants | 2022-12-31 | 8 |
| Total funding liabilities for active participants | 2022-12-31 | 1,735,395 |
| Total participant count | 2022-12-31 | 9 |
| Total funding target for all participants | 2022-12-31 | 1,755,465 |
| Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
| Amount remaining of carryover balance | 2022-12-31 | 0 |
| Amount remaining of prefunding balance | 2022-12-31 | 0 |
| Present value of excess contributions | 2022-12-31 | 580,816 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 611,948 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2022-12-31 | 0 |
| Total employer contributions | 2022-12-31 | 424,222 |
| Total employee contributions | 2022-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 399,774 |
| Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2022-12-31 | 358,359 |
| Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
| Waiver amortization installment | 2022-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 186,453 |
| Additional cash requirement | 2022-12-31 | 186,453 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 399,774 |
| Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
| 2021: TECHNOLOGY CONSULTANTS, INC. CASH BALANCE PLAN 2021 401k membership | ||
| Market value of plan assets | 2021-12-31 | 1,706,314 |
| Acturial value of plan assets | 2021-12-31 | 1,706,314 |
| Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 0 |
| Number of terminated vested participants | 2021-12-31 | 2 |
| Fundng target for terminated vested participants | 2021-12-31 | 37,868 |
| Active participant vested funding target | 2021-12-31 | 1,202,261 |
| Number of active participants | 2021-12-31 | 8 |
| Total funding liabilities for active participants | 2021-12-31 | 1,207,807 |
| Total participant count | 2021-12-31 | 10 |
| Total funding target for all participants | 2021-12-31 | 1,245,675 |
| Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
| Amount remaining of carryover balance | 2021-12-31 | 0 |
| Amount remaining of prefunding balance | 2021-12-31 | 0 |
| Present value of excess contributions | 2021-12-31 | 4,174 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 4,391 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2021-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2021-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2021-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2021-12-31 | 0 |
| Total employer contributions | 2021-12-31 | 617,108 |
| Total employee contributions | 2021-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2021-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2021-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 580,816 |
| Unpaid minimum required contributions for all prior years | 2021-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2021-12-31 | 313,015 |
| Net shortfall amortization installment of oustanding balance | 2021-12-31 | 0 |
| Waiver amortization installment | 2021-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 0 |
| Additional cash requirement | 2021-12-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 580,816 |
| Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
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