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HALEY BROTHERS MARKETING, INC. DEFINED BENEFIT PLAN 401k Plan overview

Plan NameHALEY BROTHERS MARKETING, INC. DEFINED BENEFIT PLAN
Plan identification number 002

HALEY BROTHERS MARKETING, INC. DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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

HALEY BROTHERS MARKETING, INC. has sponsored the creation of one or more 401k plans.

Company Name:HALEY BROTHERS MARKETING, INC.
Employer identification number (EIN):844599345
NAIC Classification:541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HALEY BROTHERS MARKETING, INC. DEFINED BENEFIT PLAN

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

Plan Statistics for HALEY BROTHERS MARKETING, INC. DEFINED BENEFIT PLAN

401k plan membership statisitcs for HALEY BROTHERS MARKETING, INC. DEFINED BENEFIT PLAN

Measure Date Value
2021: HALEY BROTHERS MARKETING, INC. DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets2021-12-31307,683
Acturial value of plan assets2021-12-31307,683
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 target2021-12-310
Number of active participants2021-12-312
Total funding liabilities for active participants2021-12-31196,131
Total participant count2021-12-312
Total funding target for all participants2021-12-31196,131
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
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 balance2021-12-310
Present value of excess contributions2021-12-31115,262
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31115,262
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
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 year2021-12-310
Total employer contributions2021-12-31275,000
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 date2021-12-31258,175
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 cost2021-12-31196,015
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3184,463
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-3184,463
Contributions allocatedtoward minimum required contributions for current year2021-12-31258,175
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310

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