401k Plan data: FOCUS HOLDINGS USA, INC. CASH BALANCE PLAN plan

FOCUS HOLDINGS USA, INC. CASH BALANCE PLAN 401k Plan overview

Plan Name	FOCUS HOLDINGS USA, INC. CASH BALANCE PLAN
Plan identification number	002

FOCUS HOLDINGS USA, INC. CASH BALANCE PLAN Benefits

401k Plan Type

Defined 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 covering Self-Employed individuals.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FOCUS HOLDINGS USA, INC. has sponsored the creation of one or more 401k plans.

Company Name: FOCUS HOLDINGS USA, INC.

Employer identification number (EIN): 832398748

NAIC Classification: 523110
NAIC Description: Investment Banking and Securities Dealing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FOCUS HOLDINGS USA, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2021-01-01 DOUG RODGERS 2022-06-21
002 2020-01-01 DOUG RODGERS 2021-07-25
002 2019-01-01 DOUG RODGERS 2020-10-06
002 2018-01-01 DOUG RODGERS 2019-07-09

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2021-01-01	DOUG RODGERS	2022-06-21
002	2020-01-01	DOUG RODGERS	2021-07-25
002	2019-01-01	DOUG RODGERS	2020-10-06
002	2018-01-01	DOUG RODGERS	2019-07-09

Plan Statistics for FOCUS HOLDINGS USA, INC. CASH BALANCE PLAN

401k plan membership statisitcs for FOCUS HOLDINGS USA, INC. CASH BALANCE PLAN

Measure Date Value
2020: FOCUS HOLDINGS USA, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets 2020-12-31 1,207,344
Acturial value of plan assets 2020-12-31 1,207,344
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 0
Number of terminated vested participants 2020-12-31 3
Fundng target for terminated vested participants 2020-12-31 2,693
Active participant vested funding target 2020-12-31 908,607
Number of active participants 2020-12-31 31
Total funding liabilities for active participants 2020-12-31 908,607
Total participant count 2020-12-31 34
Total funding target for all participants 2020-12-31 911,300
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 211,744
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 211,744
Present value of excess contributions 2020-12-31 77,513
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 77,513
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 77,513
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 324,025
Total employer contributions 2020-12-31 634,990
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 629,387
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 592,788
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 592,788
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 592,788
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 629,387
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: FOCUS HOLDINGS USA, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets 2019-12-31 648,092
Acturial value of plan assets 2019-12-31 648,092
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 3
Fundng target for terminated vested participants 2019-12-31 1,597
Active participant vested funding target 2019-12-31 515,575
Number of active participants 2019-12-31 25
Total funding liabilities for active participants 2019-12-31 515,575
Total participant count 2019-12-31 28
Total funding target for all participants 2019-12-31 517,172
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 211,937
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 211,937
Present value of excess contributions 2019-12-31 11,993
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 11,993
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 11,993
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 211,744
Total employer contributions 2019-12-31 571,521
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 569,620
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 492,107
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 492,107
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 0
Additional cash requirement 2019-12-31 492,107
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 569,620
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: FOCUS HOLDINGS USA, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets 2018-12-31 904,945
Acturial value of plan assets 2018-12-31 904,945
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 1
Fundng target for terminated vested participants 2018-12-31 1,450
Active participant vested funding target 2018-12-31 836,787
Number of active participants 2018-12-31 28
Total funding liabilities for active participants 2018-12-31 836,787
Total participant count 2018-12-31 29
Total funding target for all participants 2018-12-31 838,237
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 129,182
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 129,182
Present value of excess contributions 2018-12-31 67,201
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 67,201
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 67,201
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 211,937
Total employer contributions 2018-12-31 254,296
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 253,756
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 241,763
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 241,763
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 241,763
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 253,756
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0

Measure	Date	Value
2020: FOCUS HOLDINGS USA, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets	2020-12-31	1,207,344
Acturial value of plan assets	2020-12-31	1,207,344
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	3
Fundng target for terminated vested participants	2020-12-31	2,693
Active participant vested funding target	2020-12-31	908,607
Number of active participants	2020-12-31	31
Total funding liabilities for active participants	2020-12-31	908,607
Total participant count	2020-12-31	34
Total funding target for all participants	2020-12-31	911,300
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	211,744
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	211,744
Present value of excess contributions	2020-12-31	77,513
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	77,513
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	77,513
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	324,025
Total employer contributions	2020-12-31	634,990
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	629,387
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	592,788
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	592,788
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	592,788
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	629,387
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: FOCUS HOLDINGS USA, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets	2019-12-31	648,092
Acturial value of plan assets	2019-12-31	648,092
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	3
Fundng target for terminated vested participants	2019-12-31	1,597
Active participant vested funding target	2019-12-31	515,575
Number of active participants	2019-12-31	25
Total funding liabilities for active participants	2019-12-31	515,575
Total participant count	2019-12-31	28
Total funding target for all participants	2019-12-31	517,172
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	211,937
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	211,937
Present value of excess contributions	2019-12-31	11,993
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	11,993
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	11,993
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	211,744
Total employer contributions	2019-12-31	571,521
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	569,620
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	492,107
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	492,107
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	0
Additional cash requirement	2019-12-31	492,107
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	569,620
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: FOCUS HOLDINGS USA, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets	2018-12-31	904,945
Acturial value of plan assets	2018-12-31	904,945
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	1
Fundng target for terminated vested participants	2018-12-31	1,450
Active participant vested funding target	2018-12-31	836,787
Number of active participants	2018-12-31	28
Total funding liabilities for active participants	2018-12-31	836,787
Total participant count	2018-12-31	29
Total funding target for all participants	2018-12-31	838,237
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	129,182
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	129,182
Present value of excess contributions	2018-12-31	67,201
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	67,201
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	67,201
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	211,937
Total employer contributions	2018-12-31	254,296
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	253,756
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	241,763
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	241,763
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	241,763
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	253,756
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0

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Company Name:	FOCUS HOLDINGS USA, INC.
Employer identification number (EIN):	832398748
NAIC Classification:	523110
NAIC Description:	Investment Banking and Securities Dealing