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CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameCHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN
Plan identification number 001

CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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

CHIP HARRIS, P.A. has sponsored the creation of one or more 401k plans.

Company Name:CHIP HARRIS, P.A.
Employer identification number (EIN):650628430
NAIC Classification:531210
NAIC Description:Offices of Real Estate Agents and Brokers

Additional information about CHIP HARRIS, P.A.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1995-12-14
Company Identification Number: P95000095330
Legal Registered Office Address: 550 FIFTH AVENUE SOUTH

NAPLES

34102

More information about CHIP HARRIS, P.A.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01JAMES RALEY
0012012-01-01JAMES RALEY
0012011-01-01JAMES RALEY
0012009-01-01CHRISTOPHER HARRIS

Plan Statistics for CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2016: CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31737,557
Acturial value of plan assets2016-12-31737,557
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 target2016-12-311,120,600
Number of active participants2016-12-312
Total funding liabilities for active participants2016-12-311,120,600
Total participant count2016-12-312
Total funding target for all participants2016-12-311,120,600
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-315,468
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 balance2016-12-315,468
Present value of excess contributions2016-12-311,665
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-311,665
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 year2016-12-314,998
Total employer contributions2016-12-31100,000
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 date2016-12-3193,379
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
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 cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-31388,327
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3191,876
Additional cash requirement2016-12-3191,876
Contributions allocatedtoward minimum required contributions for current year2016-12-3193,379
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-013
Total number of active participants reported on line 7a of the Form 55002016-01-012
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-013
Total number of active participants reported on line 7a of the Form 55002015-01-012
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-011
Total of all active and inactive participants2015-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-013
Total number of active participants reported on line 7a of the Form 55002014-01-012
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-011
Total of all active and inactive participants2014-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-013
Total number of active participants reported on line 7a of the Form 55002013-01-012
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-011
Total of all active and inactive participants2013-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-013
Total number of active participants reported on line 7a of the Form 55002012-01-012
Number of retired or separated participants receiving benefits2012-01-011
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-013
Total number of active participants reported on line 7a of the Form 55002011-01-012
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-011
Total of all active and inactive participants2011-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-013
Total number of active participants reported on line 7a of the Form 55002009-01-012
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-013
Total participants2009-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2016 : CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total income from all sources2016-12-31$40,616
Expenses. Total of all expenses incurred2016-12-31$127,226
Benefits paid (including direct rollovers)2016-12-31$123,702
Total plan assets at end of year2016-12-31$837,557
Total plan assets at beginning of year2016-12-31$924,167
Value of fidelity bond covering the plan2016-12-31$710,348
Assets. Value of loans (other than to participants)2016-12-31$23,311
Expenses. Other expenses not covered elsewhere2016-12-31$3,524
Other income received2016-12-31$-59,384
Net income (gross income less expenses)2016-12-31$-86,610
Net plan assets at end of year (total assets less liabilities)2016-12-31$837,557
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$924,167
Assets. Value of real-estate (other than employer real property)2016-12-31$585,000
Total contributions received or receivable from employer(s)2016-12-31$100,000
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$17,975
Total income from all sources2015-12-31$1,160
Expenses. Total of all expenses incurred2015-12-31$5,430
Total plan assets at end of year2015-12-31$924,167
Total plan assets at beginning of year2015-12-31$946,412
Value of fidelity bond covering the plan2015-12-31$750,000
Total contributions received or receivable from participants2015-12-31$0
Assets. Value of loans (other than to participants)2015-12-31$19,029
Expenses. Other expenses not covered elsewhere2015-12-31$5,430
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-70,840
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$-4,270
Net plan assets at end of year (total assets less liabilities)2015-12-31$924,167
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$928,437
Assets. Value of real-estate (other than employer real property)2015-12-31$665,000
Total contributions received or receivable from employer(s)2015-12-31$72,000
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$17,975
Total plan liabilities at beginning of year2014-12-31$17,976
Total income from all sources2014-12-31$-10,466
Expenses. Total of all expenses incurred2014-12-31$19,240
Benefits paid (including direct rollovers)2014-12-31$0
Total plan assets at end of year2014-12-31$946,412
Total plan assets at beginning of year2014-12-31$976,119
Value of fidelity bond covering the plan2014-12-31$750,000
Total contributions received or receivable from participants2014-12-31$0
Assets. Value of loans (other than to participants)2014-12-31$20,300
Expenses. Other expenses not covered elsewhere2014-12-31$19,240
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$-70,466
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$-29,706
Net plan assets at end of year (total assets less liabilities)2014-12-31$928,437
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$958,143
Assets. Value of real-estate (other than employer real property)2014-12-31$721,025
Total contributions received or receivable from employer(s)2014-12-31$60,000
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$17,976
Total plan liabilities at beginning of year2013-12-31$18,977
Total income from all sources2013-12-31$130,994
Expenses. Total of all expenses incurred2013-12-31$8,942
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$976,119
Total plan assets at beginning of year2013-12-31$855,068
Value of fidelity bond covering the plan2013-12-31$750,000
Total contributions received or receivable from participants2013-12-31$0
Assets. Value of loans (other than to participants)2013-12-31$21,467
Expenses. Other expenses not covered elsewhere2013-12-31$8,942
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$110,994
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$122,052
Net plan assets at end of year (total assets less liabilities)2013-12-31$958,143
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$836,091
Assets. Value of real-estate (other than employer real property)2013-12-31$792,093
Total contributions received or receivable from employer(s)2013-12-31$20,000
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$18,977
Total plan liabilities at beginning of year2012-12-31$18,931
Total income from all sources2012-12-31$78,860
Expenses. Total of all expenses incurred2012-12-31$12,017
Benefits paid (including direct rollovers)2012-12-31$0
Total plan assets at end of year2012-12-31$855,068
Total plan assets at beginning of year2012-12-31$788,179
Value of fidelity bond covering the plan2012-12-31$1,000,000
Total contributions received or receivable from participants2012-12-31$0
Assets. Value of loans (other than to participants)2012-12-31$24,784
Expenses. Other expenses not covered elsewhere2012-12-31$12,017
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$-49,420
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$66,843
Net plan assets at end of year (total assets less liabilities)2012-12-31$836,091
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$769,248
Assets. Value of real-estate (other than employer real property)2012-12-31$681,022
Total contributions received or receivable from employer(s)2012-12-31$128,280
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$18,931
Total plan liabilities at beginning of year2011-12-31$20,483
Total income from all sources2011-12-31$-94,767
Expenses. Total of all expenses incurred2011-12-31$9,386
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$788,179
Total plan assets at beginning of year2011-12-31$893,884
Value of fidelity bond covering the plan2011-12-31$1,000,000
Total contributions received or receivable from participants2011-12-31$0
Assets. Value of loans (other than to participants)2011-12-31$16,621
Expenses. Other expenses not covered elsewhere2011-12-31$9,386
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-114,262
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$-104,153
Net plan assets at end of year (total assets less liabilities)2011-12-31$769,248
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$873,401
Assets. Value of real-estate (other than employer real property)2011-12-31$736,068
Total contributions received or receivable from employer(s)2011-12-31$19,495
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$20,483
Total plan liabilities at beginning of year2010-12-31$32,000
Total income from all sources2010-12-31$28,776
Expenses. Total of all expenses incurred2010-12-31$26,906
Benefits paid (including direct rollovers)2010-12-31$10,000
Total plan assets at end of year2010-12-31$893,884
Total plan assets at beginning of year2010-12-31$903,531
Value of fidelity bond covering the plan2010-12-31$1,000,000
Total contributions received or receivable from participants2010-12-31$0
Assets. Value of loans (other than to participants)2010-12-31$15,533
Expenses. Other expenses not covered elsewhere2010-12-31$16,906
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$27,750
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$1,870
Net plan assets at end of year (total assets less liabilities)2010-12-31$873,401
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$871,531
Assets. Value of real-estate (other than employer real property)2010-12-31$829,517
Total contributions received or receivable from employer(s)2010-12-31$1,026
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN

2016: CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: CHIP HARRIS, P.A. DEFINED BENEFIT PENSION PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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