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TANGIBLE SOLUTIONS INC DEFINED BENEFIT CASH BALANCE PLAN 401k Plan overview

Plan NameTANGIBLE SOLUTIONS INC DEFINED BENEFIT CASH BALANCE PLAN
Plan identification number 002

TANGIBLE SOLUTIONS INC DEFINED BENEFIT CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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).

401k Sponsoring company profile

TANGIBLE SOLUTIONS INC has sponsored the creation of one or more 401k plans.

Company Name:TANGIBLE SOLUTIONS INC
Employer identification number (EIN):561894553
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Additional information about TANGIBLE SOLUTIONS INC

Jurisdiction of Incorporation: North Carolina Secretary of State
Incorporation Date:
Company Identification Number: 0353221

More information about TANGIBLE SOLUTIONS INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TANGIBLE SOLUTIONS INC DEFINED BENEFIT CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022019-01-01DAVID A. CARLSON2020-07-09
0022018-01-01DAVID A. CARLSON2019-10-02
0022017-01-01DAVID A. CARLSON2018-10-09
0022016-01-01DAVID A. CARLSON2017-10-13
0022015-01-01DAVID A. CARLSON2016-10-13

Plan Statistics for TANGIBLE SOLUTIONS INC DEFINED BENEFIT CASH BALANCE PLAN

401k plan membership statisitcs for TANGIBLE SOLUTIONS INC DEFINED BENEFIT CASH BALANCE PLAN

Measure Date Value
2019: TANGIBLE SOLUTIONS INC DEFINED BENEFIT CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31551,389
Acturial value of plan assets2019-12-31551,389
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 target2019-12-31594,751
Number of active participants2019-12-3121
Total funding liabilities for active participants2019-12-31594,751
Total participant count2019-12-3121
Total funding target for all participants2019-12-31594,751
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 contributions2019-12-310
Total available prior years excess cotributions available 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 contributions2019-12-314,664
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 date2019-12-314,632
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 cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-3143,362
Total funding amount beforereflecting carryover/prefunding balances2019-12-314,594
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-314,594
Contributions allocatedtoward minimum required contributions for current year2019-12-314,632
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: TANGIBLE SOLUTIONS INC DEFINED BENEFIT CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31444,016
Acturial value of plan assets2018-12-31444,016
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-313,525
Active participant vested funding target2018-12-31518,349
Number of active participants2018-12-3121
Total funding liabilities for active participants2018-12-31518,349
Total participant count2018-12-3122
Total funding target for all participants2018-12-31521,874
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 contributions2018-12-316
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-316
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-3159,980
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 date2018-12-3158,527
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 cost2018-12-3145,817
Net shortfall amortization installment of oustanding balance2018-12-3177,858
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3158,527
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-3158,527
Contributions allocatedtoward minimum required contributions for current year2018-12-3158,527
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: TANGIBLE SOLUTIONS INC DEFINED BENEFIT CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31460,031
Acturial value of plan assets2017-12-31460,031
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-317,147
Active participant vested funding target2017-12-31348,573
Number of active participants2017-12-3121
Total funding liabilities for active participants2017-12-31348,573
Total participant count2017-12-3123
Total funding target for all participants2017-12-31355,720
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 contributions2017-12-3192,376
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3192,376
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 contributions2017-12-3135,555
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 date2017-12-3134,183
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 cost2017-12-31138,762
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3134,177
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3134,177
Contributions allocatedtoward minimum required contributions for current year2017-12-3134,183
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: TANGIBLE SOLUTIONS INC DEFINED BENEFIT CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31212,225
Acturial value of plan assets2016-12-31212,225
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-31162,560
Number of active participants2016-12-3123
Total funding liabilities for active participants2016-12-31162,560
Total participant count2016-12-3123
Total funding target for all participants2016-12-31162,560
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 contributions2016-12-3148,569
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3148,569
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
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 contributions2016-12-31216,190
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 date2016-12-31207,845
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 cost2016-12-31165,134
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31115,469
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31115,469
Contributions allocatedtoward minimum required contributions for current year2016-12-31207,845
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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