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GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES 401k Plan overview

Plan NameGENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES
Plan identification number 012

GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

GENON SERVICES, LLC has sponsored the creation of one or more 401k plans.

Company Name:GENON SERVICES, LLC
Employer identification number (EIN):562368220
NAIC Classification:221100

Additional information about GENON SERVICES, LLC

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2003-06-19
Company Identification Number: 0800216506
Legal Registered Office Address: 1360 POST OAK BLVD STE 2000

HOUSTON
United States of America (USA)
77056

More information about GENON SERVICES, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0122020-01-01DONELDA CONEY2021-10-14
0122019-01-01DONELDA CONEY2020-10-15
0122018-12-14DONELA CONEY2019-10-15

Plan Statistics for GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES

401k plan membership statisitcs for GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES

Measure Date Value
2020: GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES 2020 401k membership
Market value of plan assets2020-12-31975,781
Acturial value of plan assets2020-12-31985,950
Funding target for retired participants and beneficiaries receiving payment2020-12-31209,547
Number of terminated vested participants2020-12-3117
Fundng target for terminated vested participants2020-12-31187,208
Active participant vested funding target2020-12-31114,683
Number of active participants2020-12-3111
Total funding liabilities for active participants2020-12-31114,683
Total participant count2020-12-3147
Total funding target for all participants2020-12-31511,438
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 contributions2020-12-31239,480
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31252,987
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 contributions2020-12-310
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 date2020-12-310
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
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 cost2020-12-3167,638
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 year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-0147
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-010
2019: GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES 2019 401k membership
Market value of plan assets2019-12-3158,621
Acturial value of plan assets2019-12-3158,621
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 target2019-12-3122,905
Number of active participants2019-12-3173
Total funding liabilities for active participants2019-12-3164,579
Total participant count2019-12-3173
Total funding target for all participants2019-12-3164,579
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 contributions2019-12-3157,682
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3157,835
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 contributions2019-12-31920,198
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 date2019-12-31890,678
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
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 cost2019-12-31650,193
Net shortfall amortization installment of oustanding balance2019-12-315,958
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31651,198
Additional cash requirement2019-12-31651,198
Contributions allocatedtoward minimum required contributions for current year2019-12-31890,678
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-0173
Total number of active participants reported on line 7a of the Form 55002019-01-0111
Number of retired or separated participants receiving benefits2019-01-0119
Number of other retired or separated participants entitled to future benefits2019-01-0117
Total of all active and inactive participants2019-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES 2018 401k membership
Market value of plan assets2018-12-310
Acturial value of plan assets2018-12-310
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 target2018-12-31926
Number of active participants2018-12-3173
Total funding liabilities for active participants2018-12-3141,151
Total participant count2018-12-3173
Total funding target for all participants2018-12-3141,151
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Total available prior years excess cotributions available 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 contributions2018-12-3161,000
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 date2018-12-3158,452
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 cost2018-12-31457
Net shortfall amortization installment of oustanding balance2018-12-3141,151
Total funding amount beforereflecting carryover/prefunding balances2018-12-31770
Additional cash requirement2018-12-31770
Contributions allocatedtoward minimum required contributions for current year2018-12-3158,452
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-12-1473
Total number of active participants reported on line 7a of the Form 55002018-12-1473
Number of retired or separated participants receiving benefits2018-12-140
Number of other retired or separated participants entitled to future benefits2018-12-140
Total of all active and inactive participants2018-12-1473
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-12-140
Total participants2018-12-1473
Number of participants with account balances2018-12-140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-12-140

Financial Data on GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES

Measure Date Value
2020 : GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES 2020 401k financial data
Transfers to/from the plan2020-12-31$-996,411
Total income from all sources2020-12-31$54,247
Expenses. Total of all expenses incurred2020-12-31$33,617
Benefits paid (including direct rollovers)2020-12-31$29,243
Total plan assets at end of year2020-12-31$0
Total plan assets at beginning of year2020-12-31$975,781
Value of fidelity bond covering the plan2020-12-31$500,000
Other income received2020-12-31$54,247
Net income (gross income less expenses)2020-12-31$20,630
Net plan assets at end of year (total assets less liabilities)2020-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$975,781
Total contributions received or receivable from employer(s)2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$4,374
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES 2019 401k financial data
Total income from all sources2019-12-31$927,547
Expenses. Total of all expenses incurred2019-12-31$12,766
Benefits paid (including direct rollovers)2019-12-31$12,766
Total plan assets at end of year2019-12-31$975,781
Total plan assets at beginning of year2019-12-31$61,000
Value of fidelity bond covering the plan2019-12-31$500,000
Other income received2019-12-31$7,349
Net income (gross income less expenses)2019-12-31$914,781
Net plan assets at end of year (total assets less liabilities)2019-12-31$975,781
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$61,000
Total contributions received or receivable from employer(s)2019-12-31$920,198
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES 2018 401k financial data
Total income from all sources2018-12-31$61,000
Expenses. Total of all expenses incurred2018-12-31$0
Total plan assets at end of year2018-12-31$61,000
Total plan assets at beginning of year2018-12-31$0
Net income (gross income less expenses)2018-12-31$61,000
Net plan assets at end of year (total assets less liabilities)2018-12-31$61,000
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$0
Total contributions received or receivable from employer(s)2018-12-31$61,000

Form 5500 Responses for GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES

2020: GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingYes
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: GENON KEYCON PENSION PLAN FOR BARGAIN EMPLOYEES 2018 form 5500 responses
2018-12-14Type of plan entitySingle employer plan
2018-12-14First time form 5500 has been submittedYes
2018-12-14Submission has been amendedNo
2018-12-14This submission is the final filingNo
2018-12-14This return/report is a short plan year return/report (less than 12 months)Yes
2018-12-14Plan is a collectively bargained planNo
2018-12-14Plan funding arrangement – TrustYes
2018-12-14Plan benefit arrangement - TrustYes

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