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WESLEYAN YOUTH, INC. EMPLOYEE BENEFIT PLAN 401k Plan overview

Plan NameWESLEYAN YOUTH, INC. EMPLOYEE BENEFIT PLAN
Plan identification number 001

WESLEYAN YOUTH, INC. EMPLOYEE BENEFIT 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).
  • 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

WESLEYAN YOUTH, INC. has sponsored the creation of one or more 401k plans.

Company Name:WESLEYAN YOUTH, INC.
Employer identification number (EIN):730642615
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WESLEYAN YOUTH, INC. EMPLOYEE BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01
0012020-01-01
0012019-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01KENT KELLEY2015-09-22
0012013-01-01JAN SILLS2014-06-27
0012012-01-01JAN SILLS2013-06-18
0012011-01-01JAN SILLS2012-05-15
0012010-01-01JAN SILLS2011-05-06
0012009-01-01JAN SILLS
0012009-01-01JAN SILLS

Plan Statistics for WESLEYAN YOUTH, INC. EMPLOYEE BENEFIT PLAN

401k plan membership statisitcs for WESLEYAN YOUTH, INC. EMPLOYEE BENEFIT PLAN

Measure Date Value
2020: WESLEYAN YOUTH, INC. EMPLOYEE BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-06-15366,014
Acturial value of plan assets2020-06-15366,014
Funding target for retired participants and beneficiaries receiving payment2020-06-15169,224
Number of terminated vested participants2020-06-1510
Fundng target for terminated vested participants2020-06-15278,809
Active participant vested funding target2020-06-157,707
Number of active participants2020-06-151
Total funding liabilities for active participants2020-06-157,707
Total participant count2020-06-1512
Total funding target for all participants2020-06-15455,740
Balance at beginning of prior year after applicable adjustments2020-06-150
Prefunding balance at beginning of prior year after applicable adjustments2020-06-150
Carryover balanced portion elected for use to offset prior years funding requirement2020-06-150
Prefunding balanced used to offset prior years funding requirement2020-06-150
Amount remaining of carryover balance2020-06-150
Amount remaining of prefunding balance2020-06-150
Present value of excess contributions2020-06-150
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-06-150
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-06-150
Reductions in caryover balances due to elections or deemed elections2020-06-150
Reductions in prefunding balances due to elections or deemed elections2020-06-150
Balance of carryovers at beginning of current year2020-06-150
Balance of prefunding at beginning of current year2020-06-150
Total employer contributions2020-06-150
Total employee contributions2020-06-150
Contributions allocated toward unpaid minimum require contributions from prior years2020-06-150
Contributions made to avoid restrictions adjusted to valuation date2020-06-150
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-06-150
Unpaid minimum required contributions for all prior years2020-06-15118,536
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-06-150
Remaining amount of unpaid minimum required contributions2020-06-15118,536
Minimum required contributions for current year target normal cost2020-06-150
Net shortfall amortization installment of oustanding balance2020-06-1589,726
Waiver amortization installment2020-06-150
Total funding amount beforereflecting carryover/prefunding balances2020-06-158,168
Additional cash requirement2020-06-158,168
Contributions allocatedtoward minimum required contributions for current year2020-06-150
Unpaid minimum required contributions for current year2020-06-158,168
Unpaid minimum required contributions for all years2020-06-15126,704
2019: WESLEYAN YOUTH, INC. EMPLOYEE BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-31306,666
Acturial value of plan assets2019-12-31306,666
Funding target for retired participants and beneficiaries receiving payment2019-12-31176,737
Number of terminated vested participants2019-12-3110
Fundng target for terminated vested participants2019-12-31268,965
Active participant vested funding target2019-12-316,518
Number of active participants2019-12-311
Total funding liabilities for active participants2019-12-316,518
Total participant count2019-12-3112
Total funding target for all participants2019-12-31452,220
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
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 contributions2019-12-310
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 date2019-12-310
Unpaid minimum required contributions for all prior years2019-12-3173,454
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-3173,454
Minimum required contributions for current year target normal cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-31145,554
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3145,082
Additional cash requirement2019-12-3145,082
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-3145,082
Unpaid minimum required contributions for all years2019-12-31118,536
2018: WESLEYAN YOUTH, INC. EMPLOYEE BENEFIT PLAN 2018 401k membership
Market value of plan assets2018-12-31337,689
Acturial value of plan assets2018-12-31337,689
Funding target for retired participants and beneficiaries receiving payment2018-12-31178,832
Number of terminated vested participants2018-12-3110
Fundng target for terminated vested participants2018-12-31250,077
Active participant vested funding target2018-12-315,927
Number of active participants2018-12-311
Total funding liabilities for active participants2018-12-315,927
Total participant count2018-12-3112
Total funding target for all participants2018-12-31434,836
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 contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
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 contributions2018-12-310
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 date2018-12-310
Unpaid minimum required contributions for all prior years2018-12-3131,069
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-3131,069
Minimum required contributions for current year target normal cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-3197,147
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3142,385
Additional cash requirement2018-12-3142,385
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-3142,385
Unpaid minimum required contributions for all years2018-12-3173,454
2017: WESLEYAN YOUTH, INC. EMPLOYEE BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-31308,304
Acturial value of plan assets2017-12-31308,304
Funding target for retired participants and beneficiaries receiving payment2017-12-31172,794
Number of terminated vested participants2017-12-3110
Fundng target for terminated vested participants2017-12-31229,133
Active participant vested funding target2017-12-315,360
Number of active participants2017-12-311
Total funding liabilities for active participants2017-12-315,360
Total participant count2017-12-3112
Total funding target for all participants2017-12-31407,287
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-3114
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3115
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 contributions2017-12-310
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 date2017-12-310
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 cost2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-3198,983
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3131,069
Additional cash requirement2017-12-3131,069
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-3131,069
Unpaid minimum required contributions for all years2017-12-3131,069
2016: WESLEYAN YOUTH, INC. EMPLOYEE BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-31288,636
Acturial value of plan assets2016-12-31288,636
Funding target for retired participants and beneficiaries receiving payment2016-12-31173,399
Number of terminated vested participants2016-12-3110
Fundng target for terminated vested participants2016-12-31211,615
Active participant vested funding target2016-12-314,851
Number of active participants2016-12-311
Total funding liabilities for active participants2016-12-314,851
Total participant count2016-12-3112
Total funding target for all participants2016-12-31389,865
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 contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
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 contributions2016-12-3114,560
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 date2016-12-3112,709
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 balance2016-12-31101,229
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3112,695
Additional cash requirement2016-12-3112,695
Contributions allocatedtoward minimum required contributions for current year2016-12-3112,709
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
2009: WESLEYAN YOUTH, INC. EMPLOYEE BENEFIT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0122
Total number of active participants reported on line 7a of the Form 55002009-01-019
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0110
Total of all active and inactive participants2009-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012

Financial Data on WESLEYAN YOUTH, INC. EMPLOYEE BENEFIT PLAN

Measure Date Value
2009 : WESLEYAN YOUTH, INC. EMPLOYEE BENEFIT 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 WESLEYAN YOUTH, INC. EMPLOYEE BENEFIT PLAN

2009: WESLEYAN YOUTH, INC. EMPLOYEE BENEFIT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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