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BRENCO OPERATING, INC. CASH BALANCE PENSION PLAN AND TRUST 401k Plan overview

Plan NameBRENCO OPERATING, INC. CASH BALANCE PENSION PLAN AND TRUST
Plan identification number 002

BRENCO OPERATING, INC. CASH BALANCE PENSION PLAN AND TRUST 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).
  • 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).
  • Plan covering Self-Employed individuals.
  • 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.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BRENCO OPERATING, INC. has sponsored the creation of one or more 401k plans.

Company Name:BRENCO OPERATING, INC.
Employer identification number (EIN):752513951
NAIC Classification:423800

Additional information about BRENCO OPERATING, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1993-12-21
Company Identification Number: 0129485500
Legal Registered Office Address: 612 VISTA GRANDE DR

COLORADO SPGS
United States of America (USA)
80906

More information about BRENCO OPERATING, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BRENCO OPERATING, INC. CASH BALANCE PENSION PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022024-01-01
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01KENNETH PENNEY2021-10-05 KENNETH PENNEY2021-10-05
0022019-01-01BRYCE PENNEY2020-09-25 BRYCE PENNEY2020-09-25
0022018-01-01KENNETH PENNEY2019-10-01 KENNETH PENNEY2019-10-01
0022017-01-01KENNETH PENNEY2018-10-13 KENNETH PENNEY2018-10-13
0022016-01-01KENNETH PENNEY2017-10-04 KENNETH PENNEY2017-10-04
0022015-01-01KENNETH PENNEY2016-09-27 KENNETH PENNEY2016-09-27
0022014-01-01KENNETH PENNEY2015-09-10 KENNETH PENNEY2015-09-10
0022013-01-01KENNETH PENNEY2014-09-22 KENNETH PENNEY2014-09-22
0022012-01-01KENNETH PENNEY2013-10-14 KENNETH PENNEY2013-10-14
0022011-01-01KENNETH PENNEY2012-06-07 KENNETH PENNEY2012-06-07
0022010-01-01KENNETH PENNEY2011-10-06 KENNETH PENNEY2011-10-06

Plan Statistics for BRENCO OPERATING, INC. CASH BALANCE PENSION PLAN AND TRUST

401k plan membership statisitcs for BRENCO OPERATING, INC. CASH BALANCE PENSION PLAN AND TRUST

Measure Date Value
2022: BRENCO OPERATING, INC. CASH BALANCE PENSION PLAN AND TRUST 2022 401k membership
Market value of plan assets2022-12-313,247,116
Acturial value of plan assets2022-12-313,247,116
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-312
Fundng target for terminated vested participants2022-12-311,474,123
Active participant vested funding target2022-12-312,039,195
Number of active participants2022-12-311
Total funding liabilities for active participants2022-12-312,039,195
Total participant count2022-12-313
Total funding target for all participants2022-12-313,513,318
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3175,000
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-3174,682
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31318
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31318
Total employer contributions2022-12-3127,739
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-3125,791
Liquidity shortfalls end of Q12022-12-310
Liquidity shortfalls end of Q22022-12-310
Liquidity shortfalls end of Q32022-12-310
Liquidity shortfalls end of Q42022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-31266,535
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3125,780
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-3125,780
Contributions allocatedtoward minimum required contributions for current year2022-12-3125,791
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: BRENCO OPERATING, INC. CASH BALANCE PENSION PLAN AND TRUST 2021 401k membership
Market value of plan assets2021-12-313,346,819
Acturial value of plan assets2021-12-313,346,819
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-313,381,422
Number of active participants2021-12-313
Total funding liabilities for active participants2021-12-313,381,422
Total participant count2021-12-313
Total funding target for all participants2021-12-313,381,422
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31100,000
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31100,000
Present value of excess contributions2021-12-31145,789
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31145,789
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-31145,789
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-31170,829
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-3175,000
Total employer contributions2021-12-3110,250
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-319,609
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-3173,805
Net shortfall amortization installment of oustanding balance2021-12-31113,166
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3184,957
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-3175,348
Additional cash requirement2021-12-319,609
Contributions allocatedtoward minimum required contributions for current year2021-12-319,609
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: BRENCO OPERATING, INC. CASH BALANCE PENSION PLAN AND TRUST 2020 401k membership
Market value of plan assets2020-12-313,222,478
Acturial value of plan assets2020-12-313,222,478
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-313,260,200
Number of active participants2020-12-313
Total funding liabilities for active participants2020-12-313,260,200
Total participant count2020-12-313
Total funding target for all participants2020-12-313,260,200
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31150,000
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 balance2020-12-31150,000
Present value of excess contributions2020-12-3193,815
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3193,815
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3193,815
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-31143,965
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31100,000
Total employer contributions2020-12-31243,088
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 date2020-12-31232,827
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 cost2020-12-3173,662
Net shortfall amortization installment of oustanding balance2020-12-31142,472
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3187,038
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-3187,038
Contributions allocatedtoward minimum required contributions for current year2020-12-31232,827
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: BRENCO OPERATING, INC. CASH BALANCE PENSION PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-12-313,072,700
Acturial value of plan assets2019-12-313,072,700
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 target2019-12-313,128,314
Number of active participants2019-12-313
Total funding liabilities for active participants2019-12-313,128,314
Total participant count2019-12-313
Total funding target for all participants2019-12-313,128,314
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31237,062
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 balance2019-12-31237,062
Present value of excess contributions2019-12-31160,501
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31160,501
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-31160,501
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-31247,800
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31150,000
Total employer contributions2019-12-31255,085
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 date2019-12-31243,079
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 cost2019-12-3179,219
Net shortfall amortization installment of oustanding balance2019-12-31211,224
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31149,264
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31149,264
Contributions allocatedtoward minimum required contributions for current year2019-12-31243,079
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: BRENCO OPERATING, INC. CASH BALANCE PENSION PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-12-312,860,048
Acturial value of plan assets2018-12-312,860,048
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 target2018-12-313,024,368
Number of active participants2018-12-313
Total funding liabilities for active participants2018-12-313,024,368
Total participant count2018-12-313
Total funding target for all participants2018-12-313,024,368
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31112,311
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 balance2018-12-31112,311
Present value of excess contributions2018-12-31124,639
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31124,639
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31124,639
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 year2018-12-31237,062
Total employer contributions2018-12-31313,013
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 date2018-12-31300,024
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
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 cost2018-12-3153,540
Net shortfall amortization installment of oustanding balance2018-12-31410,675
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31139,523
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31139,523
Contributions allocatedtoward minimum required contributions for current year2018-12-31300,024
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: BRENCO OPERATING, INC. CASH BALANCE PENSION PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-12-312,664,591
Acturial value of plan assets2017-12-312,664,591
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-312,890,662
Number of active participants2017-12-313
Total funding liabilities for active participants2017-12-312,890,662
Total participant count2017-12-313
Total funding target for all participants2017-12-312,890,662
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3119,049
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 balance2017-12-3119,049
Present value of excess contributions2017-12-3193,243
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3193,243
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3193,243
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 year2017-12-31112,311
Total employer contributions2017-12-31271,800
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 date2017-12-31259,426
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
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 cost2017-12-3163,186
Net shortfall amortization installment of oustanding balance2017-12-31344,806
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31134,787
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31134,787
Contributions allocatedtoward minimum required contributions for current year2017-12-31259,426
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: BRENCO OPERATING, INC. CASH BALANCE PENSION PLAN AND TRUST 2016 401k membership
Market value of plan assets2016-12-312,435,343
Acturial value of plan assets2016-12-312,435,343
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 target2016-12-312,689,440
Number of active participants2016-12-313
Total funding liabilities for active participants2016-12-312,689,440
Total participant count2016-12-313
Total funding target for all participants2016-12-312,689,440
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3186,078
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-3167,048
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3119,030
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 year2016-12-3119,049
Total employer contributions2016-12-31226,688
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 date2016-12-31214,527
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 cost2016-12-3163,229
Net shortfall amortization installment of oustanding balance2016-12-31274,272
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31121,284
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31121,284
Contributions allocatedtoward minimum required contributions for current year2016-12-31214,527
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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