401k Plan data: MCMILLAN BROS. ELECTRIC, INC. DEFINED BENEFIT PLAN plan

MCMILLAN BROS. ELECTRIC, INC. DEFINED BENEFIT PLAN 401k Plan overview

Plan Name	MCMILLAN BROS. ELECTRIC, INC. DEFINED BENEFIT PLAN
Plan identification number	005

MCMILLAN BROS. ELECTRIC, INC. DEFINED BENEFIT PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
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).
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

MCMILLAN BROTHERS ELECTRIC, INC. has sponsored the creation of one or more 401k plans.

Company Name: MCMILLAN BROTHERS ELECTRIC, INC.

Employer identification number (EIN): 941729373

NAIC Classification: 238210
NAIC Description: Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MCMILLAN BROS. ELECTRIC, INC. DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
005 2020-10-01 WILLIAM BRACCO 2021-01-05 WILLIAM BRACCO 2021-01-05
005 2019-10-01 WILLIAM BRACCO 2021-01-05 WILLIAM BRACCO 2021-01-05
005 2018-10-01
005 2017-10-01
005 2016-10-01
005 2015-10-01
005 2014-10-01
005 2013-10-01
005 2012-10-01 RUSSELL SCHMITTOU 2014-07-10 RUSSELL SCHMITTOU 2014-07-10
005 2011-10-01 RUSSELL SCHMITTOU 2013-06-18 RUSSELL SCHMITTOU 2013-06-18

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
005	2020-10-01	WILLIAM BRACCO	2021-01-05	WILLIAM BRACCO	2021-01-05
005	2019-10-01	WILLIAM BRACCO	2021-01-05	WILLIAM BRACCO	2021-01-05
005	2018-10-01
005	2017-10-01
005	2016-10-01
005	2015-10-01
005	2014-10-01
005	2013-10-01
005	2012-10-01	RUSSELL SCHMITTOU	2014-07-10	RUSSELL SCHMITTOU	2014-07-10
005	2011-10-01	RUSSELL SCHMITTOU	2013-06-18	RUSSELL SCHMITTOU	2013-06-18

Plan Statistics for MCMILLAN BROS. ELECTRIC, INC. DEFINED BENEFIT PLAN

401k plan membership statisitcs for MCMILLAN BROS. ELECTRIC, INC. DEFINED BENEFIT PLAN

Measure Date Value
2019: MCMILLAN BROS. ELECTRIC, INC. DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets 2019-09-30 2,593,049
Acturial value of plan assets 2019-09-30 2,593,049
Funding target for retired participants and beneficiaries receiving payment 2019-09-30 0
Number of terminated vested participants 2019-09-30 1
Fundng target for terminated vested participants 2019-09-30 1,985,350
Active participant vested funding target 2019-09-30 654,814
Number of active participants 2019-09-30 20
Total funding liabilities for active participants 2019-09-30 654,814
Total participant count 2019-09-30 21
Total funding target for all participants 2019-09-30 2,640,164
Balance at beginning of prior year after applicable adjustments 2019-09-30 1,731
Prefunding balance at beginning of prior year after applicable adjustments 2019-09-30 0
Carryover balanced portion elected for use to offset prior years funding requirement 2019-09-30 0
Prefunding balanced used to offset prior years funding requirement 2019-09-30 0
Amount remaining of carryover balance 2019-09-30 1,731
Amount remaining of prefunding balance 2019-09-30 0
Present value of excess contributions 2019-09-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-09-30 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-09-30 0
Reductions in caryover balances due to elections or deemed elections 2019-09-30 0
Reductions in prefunding balances due to elections or deemed elections 2019-09-30 0
Balance of carryovers at beginning of current year 2019-09-30 1,694
Balance of prefunding at beginning of current year 2019-09-30 0
Total employer contributions 2019-09-30 412,000
Total employee contributions 2019-09-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-09-30 0
Contributions made to avoid restrictions adjusted to valuation date 2019-09-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-09-30 412,365
Unpaid minimum required contributions for all prior years 2019-09-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-09-30 0
Remaining amount of unpaid minimum required contributions 2019-09-30 0
Minimum required contributions for current year target normal cost 2019-09-30 0
Net shortfall amortization installment of oustanding balance 2019-09-30 48,903
Waiver amortization installment 2019-09-30 0
Total funding amount beforereflecting carryover/prefunding balances 2019-09-30 7,983
Carryover balance elected to use to offset funding requirement 2019-09-30 0
Prefunding balance elected to use to offset funding requirement 2019-09-30 0
Additional cash requirement 2019-09-30 7,983
Contributions allocatedtoward minimum required contributions for current year 2019-09-30 412,365
Unpaid minimum required contributions for current year 2019-09-30 0
Unpaid minimum required contributions for all years 2019-09-30 0
2018: MCMILLAN BROS. ELECTRIC, INC. DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets 2018-09-30 2,553,770
Acturial value of plan assets 2018-09-30 2,553,770
Funding target for retired participants and beneficiaries receiving payment 2018-09-30 0
Number of terminated vested participants 2018-09-30 0
Fundng target for terminated vested participants 2018-09-30 0
Active participant vested funding target 2018-09-30 2,535,419
Number of active participants 2018-09-30 27
Total funding liabilities for active participants 2018-09-30 2,535,419
Total participant count 2018-09-30 27
Total funding target for all participants 2018-09-30 2,535,419
Balance at beginning of prior year after applicable adjustments 2018-09-30 1,538
Prefunding balance at beginning of prior year after applicable adjustments 2018-09-30 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-09-30 0
Prefunding balanced used to offset prior years funding requirement 2018-09-30 0
Amount remaining of carryover balance 2018-09-30 1,538
Amount remaining of prefunding balance 2018-09-30 0
Present value of excess contributions 2018-09-30 11,233
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-09-30 11,233
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-09-30 0
Reductions in caryover balances due to elections or deemed elections 2018-09-30 0
Reductions in prefunding balances due to elections or deemed elections 2018-09-30 0
Balance of carryovers at beginning of current year 2018-09-30 1,731
Balance of prefunding at beginning of current year 2018-09-30 0
Total employer contributions 2018-09-30 0
Total employee contributions 2018-09-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-09-30 0
Contributions made to avoid restrictions adjusted to valuation date 2018-09-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-09-30 0
Liquidity shortfalls end of Q1 2018-09-30 0
Liquidity shortfalls end of Q2 2018-09-30 0
Liquidity shortfalls end of Q3 2018-09-30 0
Liquidity shortfalls end of Q4 2018-09-30 0
Unpaid minimum required contributions for all prior years 2018-09-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-09-30 0
Remaining amount of unpaid minimum required contributions 2018-09-30 0
Minimum required contributions for current year target normal cost 2018-09-30 0
Net shortfall amortization installment of oustanding balance 2018-09-30 0
Waiver amortization installment 2018-09-30 0
Total funding amount beforereflecting carryover/prefunding balances 2018-09-30 0
Carryover balance elected to use to offset funding requirement 2018-09-30 0
Prefunding balance elected to use to offset funding requirement 2018-09-30 0
Additional cash requirement 2018-09-30 0
Contributions allocatedtoward minimum required contributions for current year 2018-09-30 0
Unpaid minimum required contributions for current year 2018-09-30 0
Unpaid minimum required contributions for all years 2018-09-30 0
2017: MCMILLAN BROS. ELECTRIC, INC. DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets 2017-09-30 2,593,469
Acturial value of plan assets 2017-09-30 2,593,469
Funding target for retired participants and beneficiaries receiving payment 2017-09-30 0
Number of terminated vested participants 2017-09-30 0
Fundng target for terminated vested participants 2017-09-30 0
Active participant vested funding target 2017-09-30 2,678,419
Number of active participants 2017-09-30 28
Total funding liabilities for active participants 2017-09-30 2,678,419
Total participant count 2017-09-30 28
Total funding target for all participants 2017-09-30 2,678,419
Balance at beginning of prior year after applicable adjustments 2017-09-30 1,473
Prefunding balance at beginning of prior year after applicable adjustments 2017-09-30 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-09-30 0
Prefunding balanced used to offset prior years funding requirement 2017-09-30 0
Amount remaining of carryover balance 2017-09-30 1,473
Amount remaining of prefunding balance 2017-09-30 0
Present value of excess contributions 2017-09-30 237,637
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-09-30 237,637
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-09-30 0
Reductions in caryover balances due to elections or deemed elections 2017-09-30 0
Reductions in prefunding balances due to elections or deemed elections 2017-09-30 0
Balance of carryovers at beginning of current year 2017-09-30 1,538
Balance of prefunding at beginning of current year 2017-09-30 0
Total employer contributions 2017-09-30 50,000
Total employee contributions 2017-09-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-09-30 0
Contributions made to avoid restrictions adjusted to valuation date 2017-09-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-09-30 46,844
Liquidity shortfalls end of Q1 2017-09-30 0
Liquidity shortfalls end of Q2 2017-09-30 0
Liquidity shortfalls end of Q3 2017-09-30 0
Liquidity shortfalls end of Q4 2017-09-30 0
Unpaid minimum required contributions for all prior years 2017-09-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-09-30 0
Remaining amount of unpaid minimum required contributions 2017-09-30 0
Minimum required contributions for current year target normal cost 2017-09-30 0
Net shortfall amortization installment of oustanding balance 2017-09-30 86,571
Waiver amortization installment 2017-09-30 0
Waived amount of outstanding balance 2017-09-30 0
Total funding amount beforereflecting carryover/prefunding balances 2017-09-30 35,611
Additional cash requirement 2017-09-30 35,611
Contributions allocatedtoward minimum required contributions for current year 2017-09-30 46,844
Unpaid minimum required contributions for current year 2017-09-30 0
Unpaid minimum required contributions for all years 2017-09-30 0

Measure	Date	Value
2019: MCMILLAN BROS. ELECTRIC, INC. DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets	2019-09-30	2,593,049
Acturial value of plan assets	2019-09-30	2,593,049
Funding target for retired participants and beneficiaries receiving payment	2019-09-30	0
Number of terminated vested participants	2019-09-30	1
Fundng target for terminated vested participants	2019-09-30	1,985,350
Active participant vested funding target	2019-09-30	654,814
Number of active participants	2019-09-30	20
Total funding liabilities for active participants	2019-09-30	654,814
Total participant count	2019-09-30	21
Total funding target for all participants	2019-09-30	2,640,164
Balance at beginning of prior year after applicable adjustments	2019-09-30	1,731
Prefunding balance at beginning of prior year after applicable adjustments	2019-09-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-09-30	0
Prefunding balanced used to offset prior years funding requirement	2019-09-30	0
Amount remaining of carryover balance	2019-09-30	1,731
Amount remaining of prefunding balance	2019-09-30	0
Present value of excess contributions	2019-09-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-09-30	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-09-30	0
Reductions in caryover balances due to elections or deemed elections	2019-09-30	0
Reductions in prefunding balances due to elections or deemed elections	2019-09-30	0
Balance of carryovers at beginning of current year	2019-09-30	1,694
Balance of prefunding at beginning of current year	2019-09-30	0
Total employer contributions	2019-09-30	412,000
Total employee contributions	2019-09-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-09-30	0
Contributions made to avoid restrictions adjusted to valuation date	2019-09-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-09-30	412,365
Unpaid minimum required contributions for all prior years	2019-09-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-09-30	0
Remaining amount of unpaid minimum required contributions	2019-09-30	0
Minimum required contributions for current year target normal cost	2019-09-30	0
Net shortfall amortization installment of oustanding balance	2019-09-30	48,903
Waiver amortization installment	2019-09-30	0
Total funding amount beforereflecting carryover/prefunding balances	2019-09-30	7,983
Carryover balance elected to use to offset funding requirement	2019-09-30	0
Prefunding balance elected to use to offset funding requirement	2019-09-30	0
Additional cash requirement	2019-09-30	7,983
Contributions allocatedtoward minimum required contributions for current year	2019-09-30	412,365
Unpaid minimum required contributions for current year	2019-09-30	0
Unpaid minimum required contributions for all years	2019-09-30	0
2018: MCMILLAN BROS. ELECTRIC, INC. DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets	2018-09-30	2,553,770
Acturial value of plan assets	2018-09-30	2,553,770
Funding target for retired participants and beneficiaries receiving payment	2018-09-30	0
Number of terminated vested participants	2018-09-30	0
Fundng target for terminated vested participants	2018-09-30	0
Active participant vested funding target	2018-09-30	2,535,419
Number of active participants	2018-09-30	27
Total funding liabilities for active participants	2018-09-30	2,535,419
Total participant count	2018-09-30	27
Total funding target for all participants	2018-09-30	2,535,419
Balance at beginning of prior year after applicable adjustments	2018-09-30	1,538
Prefunding balance at beginning of prior year after applicable adjustments	2018-09-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-09-30	0
Prefunding balanced used to offset prior years funding requirement	2018-09-30	0
Amount remaining of carryover balance	2018-09-30	1,538
Amount remaining of prefunding balance	2018-09-30	0
Present value of excess contributions	2018-09-30	11,233
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-09-30	11,233
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-09-30	0
Reductions in caryover balances due to elections or deemed elections	2018-09-30	0
Reductions in prefunding balances due to elections or deemed elections	2018-09-30	0
Balance of carryovers at beginning of current year	2018-09-30	1,731
Balance of prefunding at beginning of current year	2018-09-30	0
Total employer contributions	2018-09-30	0
Total employee contributions	2018-09-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-09-30	0
Contributions made to avoid restrictions adjusted to valuation date	2018-09-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-09-30	0
Liquidity shortfalls end of Q1	2018-09-30	0
Liquidity shortfalls end of Q2	2018-09-30	0
Liquidity shortfalls end of Q3	2018-09-30	0
Liquidity shortfalls end of Q4	2018-09-30	0
Unpaid minimum required contributions for all prior years	2018-09-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-09-30	0
Remaining amount of unpaid minimum required contributions	2018-09-30	0
Minimum required contributions for current year target normal cost	2018-09-30	0
Net shortfall amortization installment of oustanding balance	2018-09-30	0
Waiver amortization installment	2018-09-30	0
Total funding amount beforereflecting carryover/prefunding balances	2018-09-30	0
Carryover balance elected to use to offset funding requirement	2018-09-30	0
Prefunding balance elected to use to offset funding requirement	2018-09-30	0
Additional cash requirement	2018-09-30	0
Contributions allocatedtoward minimum required contributions for current year	2018-09-30	0
Unpaid minimum required contributions for current year	2018-09-30	0
Unpaid minimum required contributions for all years	2018-09-30	0
2017: MCMILLAN BROS. ELECTRIC, INC. DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets	2017-09-30	2,593,469
Acturial value of plan assets	2017-09-30	2,593,469
Funding target for retired participants and beneficiaries receiving payment	2017-09-30	0
Number of terminated vested participants	2017-09-30	0
Fundng target for terminated vested participants	2017-09-30	0
Active participant vested funding target	2017-09-30	2,678,419
Number of active participants	2017-09-30	28
Total funding liabilities for active participants	2017-09-30	2,678,419
Total participant count	2017-09-30	28
Total funding target for all participants	2017-09-30	2,678,419
Balance at beginning of prior year after applicable adjustments	2017-09-30	1,473
Prefunding balance at beginning of prior year after applicable adjustments	2017-09-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-09-30	0
Prefunding balanced used to offset prior years funding requirement	2017-09-30	0
Amount remaining of carryover balance	2017-09-30	1,473
Amount remaining of prefunding balance	2017-09-30	0
Present value of excess contributions	2017-09-30	237,637
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-09-30	237,637
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-09-30	0
Reductions in caryover balances due to elections or deemed elections	2017-09-30	0
Reductions in prefunding balances due to elections or deemed elections	2017-09-30	0
Balance of carryovers at beginning of current year	2017-09-30	1,538
Balance of prefunding at beginning of current year	2017-09-30	0
Total employer contributions	2017-09-30	50,000
Total employee contributions	2017-09-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-09-30	0
Contributions made to avoid restrictions adjusted to valuation date	2017-09-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-09-30	46,844
Liquidity shortfalls end of Q1	2017-09-30	0
Liquidity shortfalls end of Q2	2017-09-30	0
Liquidity shortfalls end of Q3	2017-09-30	0
Liquidity shortfalls end of Q4	2017-09-30	0
Unpaid minimum required contributions for all prior years	2017-09-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-09-30	0
Remaining amount of unpaid minimum required contributions	2017-09-30	0
Minimum required contributions for current year target normal cost	2017-09-30	0
Net shortfall amortization installment of oustanding balance	2017-09-30	86,571
Waiver amortization installment	2017-09-30	0
Waived amount of outstanding balance	2017-09-30	0
Total funding amount beforereflecting carryover/prefunding balances	2017-09-30	35,611
Additional cash requirement	2017-09-30	35,611
Contributions allocatedtoward minimum required contributions for current year	2017-09-30	46,844
Unpaid minimum required contributions for current year	2017-09-30	0
Unpaid minimum required contributions for all years	2017-09-30	0

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Company Name:	MCMILLAN BROTHERS ELECTRIC, INC.
Employer identification number (EIN):	941729373
NAIC Classification:	238210
NAIC Description:	Electrical Contractors and Other Wiring Installation Contractors