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MAC BROWN EXCAVATING, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameMAC BROWN EXCAVATING, INC. CASH BALANCE PENSION PLAN
Plan identification number 002

MAC BROWN EXCAVATING, INC. CASH BALANCE PENSION 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).
  • 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

MAC BROWN EXCAVATING, INC. has sponsored the creation of one or more 401k plans.

Company Name:MAC BROWN EXCAVATING, INC.
Employer identification number (EIN):770129649
NAIC Classification:237310
NAIC Description:Highway, Street, and Bridge Construction

Additional information about MAC BROWN EXCAVATING, INC.

Jurisdiction of Incorporation: California Department of State
Incorporation Date: 1986-05-30
Company Identification Number: C1375987
Legal Registered Office Address: 5901 Casitas Pass Rd

Ventura
United States of America (USA)
93001

More information about MAC BROWN EXCAVATING, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAC BROWN EXCAVATING, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-06-01
0022021-06-01
0022020-06-01
0022019-06-01
0022018-06-01DEBORAH BROWN2020-02-27
0022017-06-01DEBORAH BROWN2018-10-22

Plan Statistics for MAC BROWN EXCAVATING, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for MAC BROWN EXCAVATING, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2023: MAC BROWN EXCAVATING, INC. CASH BALANCE PENSION PLAN 2023 401k membership
Market value of plan assets2023-05-311,749,220
Acturial value of plan assets2023-05-311,749,220
Funding target for retired participants and beneficiaries receiving payment2023-05-310
Number of terminated vested participants2023-05-312
Fundng target for terminated vested participants2023-05-314,675
Active participant vested funding target2023-05-311,719,948
Number of active participants2023-05-3117
Total funding liabilities for active participants2023-05-311,719,948
Total participant count2023-05-3119
Total funding target for all participants2023-05-311,724,623
Balance at beginning of prior year after applicable adjustments2023-05-310
Prefunding balance at beginning of prior year after applicable adjustments2023-05-310
Carryover balanced portion elected for use to offset prior years funding requirement2023-05-310
Prefunding balanced used to offset prior years funding requirement2023-05-310
Amount remaining of carryover balance2023-05-310
Amount remaining of prefunding balance2023-05-310
Present value of excess contributions2023-05-3125,346
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-05-3126,692
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-05-310
Reductions in caryover balances due to elections or deemed elections2023-05-310
Reductions in prefunding balances due to elections or deemed elections2023-05-310
Balance of carryovers at beginning of current year2023-05-310
Balance of prefunding at beginning of current year2023-05-310
Total employer contributions2023-05-310
Total employee contributions2023-05-310
Contributions allocated toward unpaid minimum require contributions from prior years2023-05-310
Contributions made to avoid restrictions adjusted to valuation date2023-05-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-05-310
Unpaid minimum required contributions for all prior years2023-05-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-05-310
Remaining amount of unpaid minimum required contributions2023-05-310
Minimum required contributions for current year target normal cost2023-05-310
Net shortfall amortization installment of oustanding balance2023-05-310
Waiver amortization installment2023-05-310
Total funding amount beforereflecting carryover/prefunding balances2023-05-310
Carryover balance elected to use to offset funding requirement2023-05-310
Prefunding balance elected to use to offset funding requirement2023-05-310
Additional cash requirement2023-05-310
Contributions allocatedtoward minimum required contributions for current year2023-05-310
Unpaid minimum required contributions for current year2023-05-310
Unpaid minimum required contributions for all years2023-05-310
2022: MAC BROWN EXCAVATING, INC. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets2022-05-311,492,824
Acturial value of plan assets2022-05-311,492,824
Funding target for retired participants and beneficiaries receiving payment2022-05-310
Number of terminated vested participants2022-05-312
Fundng target for terminated vested participants2022-05-314,154
Active participant vested funding target2022-05-311,417,966
Number of active participants2022-05-3117
Total funding liabilities for active participants2022-05-311,417,966
Total participant count2022-05-3119
Total funding target for all participants2022-05-311,422,120
Balance at beginning of prior year after applicable adjustments2022-05-310
Prefunding balance at beginning of prior year after applicable adjustments2022-05-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-05-310
Prefunding balanced used to offset prior years funding requirement2022-05-310
Amount remaining of carryover balance2022-05-310
Amount remaining of prefunding balance2022-05-310
Present value of excess contributions2022-05-314,509
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-05-314,753
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-05-310
Reductions in caryover balances due to elections or deemed elections2022-05-310
Reductions in prefunding balances due to elections or deemed elections2022-05-310
Balance of carryovers at beginning of current year2022-05-310
Balance of prefunding at beginning of current year2022-05-310
Total employer contributions2022-05-31316,130
Total employee contributions2022-05-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-05-310
Contributions made to avoid restrictions adjusted to valuation date2022-05-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-05-31282,951
Unpaid minimum required contributions for all prior years2022-05-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-05-310
Remaining amount of unpaid minimum required contributions2022-05-310
Minimum required contributions for current year target normal cost2022-05-31328,309
Net shortfall amortization installment of oustanding balance2022-05-310
Waiver amortization installment2022-05-310
Total funding amount beforereflecting carryover/prefunding balances2022-05-31257,605
Carryover balance elected to use to offset funding requirement2022-05-310
Prefunding balance elected to use to offset funding requirement2022-05-310
Additional cash requirement2022-05-31257,605
Contributions allocatedtoward minimum required contributions for current year2022-05-31282,951
Unpaid minimum required contributions for current year2022-05-310
Unpaid minimum required contributions for all years2022-05-310
2021: MAC BROWN EXCAVATING, INC. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-05-311,007,032
Acturial value of plan assets2021-05-311,007,032
Funding target for retired participants and beneficiaries receiving payment2021-05-310
Number of terminated vested participants2021-05-312
Fundng target for terminated vested participants2021-05-313,109
Active participant vested funding target2021-05-311,034,239
Number of active participants2021-05-3119
Total funding liabilities for active participants2021-05-311,034,239
Total participant count2021-05-3121
Total funding target for all participants2021-05-311,037,348
Balance at beginning of prior year after applicable adjustments2021-05-310
Prefunding balance at beginning of prior year after applicable adjustments2021-05-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-05-310
Prefunding balanced used to offset prior years funding requirement2021-05-310
Amount remaining of carryover balance2021-05-310
Amount remaining of prefunding balance2021-05-310
Present value of excess contributions2021-05-3111,596
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-05-3112,169
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-05-310
Reductions in caryover balances due to elections or deemed elections2021-05-310
Reductions in prefunding balances due to elections or deemed elections2021-05-310
Balance of carryovers at beginning of current year2021-05-310
Balance of prefunding at beginning of current year2021-05-310
Total employer contributions2021-05-31375,114
Total employee contributions2021-05-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-05-310
Contributions made to avoid restrictions adjusted to valuation date2021-05-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-05-31335,423
Unpaid minimum required contributions for all prior years2021-05-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-05-310
Remaining amount of unpaid minimum required contributions2021-05-310
Minimum required contributions for current year target normal cost2021-05-31328,068
Net shortfall amortization installment of oustanding balance2021-05-3130,316
Waiver amortization installment2021-05-310
Total funding amount beforereflecting carryover/prefunding balances2021-05-31330,914
Carryover balance elected to use to offset funding requirement2021-05-310
Prefunding balance elected to use to offset funding requirement2021-05-310
Additional cash requirement2021-05-31330,914
Contributions allocatedtoward minimum required contributions for current year2021-05-31335,423
Unpaid minimum required contributions for current year2021-05-310
Unpaid minimum required contributions for all years2021-05-310
2020: MAC BROWN EXCAVATING, INC. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-05-31672,977
Acturial value of plan assets2020-05-31672,977
Funding target for retired participants and beneficiaries receiving payment2020-05-310
Number of terminated vested participants2020-05-311
Fundng target for terminated vested participants2020-05-31656
Active participant vested funding target2020-05-31674,561
Number of active participants2020-05-3120
Total funding liabilities for active participants2020-05-31674,561
Total participant count2020-05-3121
Total funding target for all participants2020-05-31675,217
Balance at beginning of prior year after applicable adjustments2020-05-310
Prefunding balance at beginning of prior year after applicable adjustments2020-05-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-05-310
Prefunding balanced used to offset prior years funding requirement2020-05-310
Amount remaining of carryover balance2020-05-310
Amount remaining of prefunding balance2020-05-310
Present value of excess contributions2020-05-31102
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-05-31108
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-05-310
Reductions in caryover balances due to elections or deemed elections2020-05-310
Reductions in prefunding balances due to elections or deemed elections2020-05-310
Balance of carryovers at beginning of current year2020-05-310
Balance of prefunding at beginning of current year2020-05-310
Total employer contributions2020-05-31340,000
Total employee contributions2020-05-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-05-310
Contributions made to avoid restrictions adjusted to valuation date2020-05-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-05-31315,380
Unpaid minimum required contributions for all prior years2020-05-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-05-310
Remaining amount of unpaid minimum required contributions2020-05-310
Minimum required contributions for current year target normal cost2020-05-31303,420
Net shortfall amortization installment of oustanding balance2020-05-312,240
Waiver amortization installment2020-05-310
Total funding amount beforereflecting carryover/prefunding balances2020-05-31303,784
Carryover balance elected to use to offset funding requirement2020-05-310
Prefunding balance elected to use to offset funding requirement2020-05-310
Additional cash requirement2020-05-31303,784
Contributions allocatedtoward minimum required contributions for current year2020-05-31315,380
Unpaid minimum required contributions for current year2020-05-310
Unpaid minimum required contributions for all years2020-05-310
2019: MAC BROWN EXCAVATING, INC. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-05-31363,294
Acturial value of plan assets2019-05-31363,294
Funding target for retired participants and beneficiaries receiving payment2019-05-310
Number of terminated vested participants2019-05-311
Fundng target for terminated vested participants2019-05-31635
Active participant vested funding target2019-05-31357,772
Number of active participants2019-05-3120
Total funding liabilities for active participants2019-05-31357,772
Total participant count2019-05-3121
Total funding target for all participants2019-05-31358,407
Balance at beginning of prior year after applicable adjustments2019-05-310
Prefunding balance at beginning of prior year after applicable adjustments2019-05-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-05-310
Prefunding balanced used to offset prior years funding requirement2019-05-310
Amount remaining of carryover balance2019-05-310
Amount remaining of prefunding balance2019-05-310
Present value of excess contributions2019-05-3113,364
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-05-3113,364
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-05-310
Reductions in caryover balances due to elections or deemed elections2019-05-310
Reductions in prefunding balances due to elections or deemed elections2019-05-310
Balance of carryovers at beginning of current year2019-05-310
Balance of prefunding at beginning of current year2019-05-310
Total employer contributions2019-05-31323,023
Total employee contributions2019-05-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-05-310
Contributions made to avoid restrictions adjusted to valuation date2019-05-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-05-31309,633
Unpaid minimum required contributions for all prior years2019-05-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-05-310
Remaining amount of unpaid minimum required contributions2019-05-310
Minimum required contributions for current year target normal cost2019-05-31314,418
Net shortfall amortization installment of oustanding balance2019-05-310
Waiver amortization installment2019-05-310
Total funding amount beforereflecting carryover/prefunding balances2019-05-31309,531
Carryover balance elected to use to offset funding requirement2019-05-310
Prefunding balance elected to use to offset funding requirement2019-05-310
Additional cash requirement2019-05-31309,531
Contributions allocatedtoward minimum required contributions for current year2019-05-31309,633
Unpaid minimum required contributions for current year2019-05-310
Unpaid minimum required contributions for all years2019-05-310
2018: MAC BROWN EXCAVATING, INC. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-05-310
Acturial value of plan assets2018-05-310
Funding target for retired participants and beneficiaries receiving payment2018-05-310
Number of terminated vested participants2018-05-311
Fundng target for terminated vested participants2018-05-310
Active participant vested funding target2018-05-310
Number of active participants2018-05-3120
Total funding liabilities for active participants2018-05-310
Total participant count2018-05-3121
Total funding target for all participants2018-05-310
Balance at beginning of prior year after applicable adjustments2018-05-310
Prefunding balance at beginning of prior year after applicable adjustments2018-05-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-05-310
Prefunding balanced used to offset prior years funding requirement2018-05-310
Amount remaining of carryover balance2018-05-310
Amount remaining of prefunding balance2018-05-310
Present value of excess contributions2018-05-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-05-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-05-310
Reductions in caryover balances due to elections or deemed elections2018-05-310
Reductions in prefunding balances due to elections or deemed elections2018-05-310
Balance of carryovers at beginning of current year2018-05-310
Balance of prefunding at beginning of current year2018-05-310
Total employer contributions2018-05-31365,000
Total employee contributions2018-05-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-05-310
Contributions made to avoid restrictions adjusted to valuation date2018-05-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-05-31357,229
Unpaid minimum required contributions for all prior years2018-05-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-05-310
Remaining amount of unpaid minimum required contributions2018-05-310
Minimum required contributions for current year target normal cost2018-05-31343,865
Net shortfall amortization installment of oustanding balance2018-05-310
Waiver amortization installment2018-05-310
Total funding amount beforereflecting carryover/prefunding balances2018-05-31343,865
Additional cash requirement2018-05-31343,865
Contributions allocatedtoward minimum required contributions for current year2018-05-31357,229
Unpaid minimum required contributions for current year2018-05-310
Unpaid minimum required contributions for all years2018-05-310

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