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ADCO ELECTRIC OF TEXAS CASH BALANCE PLAN 401k Plan overview

Plan NameADCO ELECTRIC OF TEXAS CASH BALANCE PLAN
Plan identification number 002

ADCO ELECTRIC OF TEXAS CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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).
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • 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

ADCO ELECTRIC OF TEXAS DBA SYNTELLIGENCE, INC. has sponsored the creation of one or more 401k plans.

Company Name:ADCO ELECTRIC OF TEXAS DBA SYNTELLIGENCE, INC.
Employer identification number (EIN):752712553
NAIC Classification:335900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ADCO ELECTRIC OF TEXAS CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01

Plan Statistics for ADCO ELECTRIC OF TEXAS CASH BALANCE PLAN

401k plan membership statisitcs for ADCO ELECTRIC OF TEXAS CASH BALANCE PLAN

Measure Date Value
2021: ADCO ELECTRIC OF TEXAS CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-311,089,893
Acturial value of plan assets2021-12-311,089,893
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-314
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-31852,821
Number of active participants2021-12-312
Total funding liabilities for active participants2021-12-31852,821
Total participant count2021-12-316
Total funding target for all participants2021-12-31852,821
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3147,011
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 balance2021-12-3147,011
Present value of excess contributions2021-12-31100,676
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31100,676
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-31100,676
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31153,775
Total employer contributions2021-12-31200,000
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 date2021-12-31196,696
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 cost2021-12-31128,715
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3152,722
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-3152,722
Contributions allocatedtoward minimum required contributions for current year2021-12-31196,696
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: ADCO ELECTRIC OF TEXAS CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-31885,259
Acturial value of plan assets2020-12-31885,259
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-31761,641
Number of active participants2020-12-313
Total funding liabilities for active participants2020-12-31761,641
Total participant count2020-12-314
Total funding target for all participants2020-12-31761,641
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3139,300
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 balance2020-12-3139,300
Present value of excess contributions2020-12-31955
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31955
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-31955
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 year2020-12-3147,011
Total employer contributions2020-12-31100,000
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 date2020-12-31100,676
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 cost2020-12-3165,481
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 year2020-12-31100,676
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: ADCO ELECTRIC OF TEXAS CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31708,930
Acturial value of plan assets2019-12-31708,930
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-31669,895
Number of active participants2019-12-314
Total funding liabilities for active participants2019-12-31669,895
Total participant count2019-12-315
Total funding target for all participants2019-12-31669,895
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3134,784
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 balance2019-12-3134,784
Present value of excess contributions2019-12-3112,026
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3112,026
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-3112,026
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 year2019-12-3139,300
Total employer contributions2019-12-3178,200
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 date2019-12-3174,024
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 cost2019-12-3163,235
Net shortfall amortization installment of oustanding balance2019-12-3153,328
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3173,069
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-3173,069
Contributions allocatedtoward minimum required contributions for current year2019-12-3174,024
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: ADCO ELECTRIC OF TEXAS CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31277,729
Acturial value of plan assets2018-12-31277,729
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-31301,201
Number of active participants2018-12-315
Total funding liabilities for active participants2018-12-31301,201
Total participant count2018-12-317
Total funding target for all participants2018-12-31301,201
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 contributions2018-12-3164,067
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3164,067
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3164,067
Reductions in prefunding balances due to elections or deemed elections2018-12-3129,283
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-3134,784
Total employer contributions2018-12-31335,582
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 date2018-12-31334,701
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 cost2018-12-31312,841
Net shortfall amortization installment of oustanding balance2018-12-3160,239
Total funding amount beforereflecting carryover/prefunding balances2018-12-31322,675
Additional cash requirement2018-12-31322,675
Contributions allocatedtoward minimum required contributions for current year2018-12-31334,701
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: ADCO ELECTRIC OF TEXAS CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-310
Acturial value of plan assets2017-12-310
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 target2017-12-310
Number of active participants2017-12-316
Total funding liabilities for active participants2017-12-310
Total participant count2017-12-316
Total funding target for all participants2017-12-310
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 contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
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 contributions2017-12-31330,337
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 date2017-12-31320,371
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 cost2017-12-31256,304
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31256,304
Additional cash requirement2017-12-31256,304
Contributions allocatedtoward minimum required contributions for current year2017-12-31320,371
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310

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