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TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 401k Plan overview

Plan NameTENSION MEMBER TECHNOLOGY CASH BALANCE PLAN
Plan identification number 002

TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN Benefits

401k Plan TypeDefined 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).
  • 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).
  • Plan covering Self-Employed individuals.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

TENSION MEMBER TECHNOLOGY has sponsored the creation of one or more 401k plans.

Company Name:TENSION MEMBER TECHNOLOGY
Employer identification number (EIN):953086172
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Additional information about TENSION MEMBER TECHNOLOGY

Jurisdiction of Incorporation: California Department of State
Incorporation Date:
Company Identification Number: C0789700

More information about TENSION MEMBER TECHNOLOGY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01PHILIP T. GIBSON
0022013-01-01PHILIP T. GIBSON
0022012-01-01PHILIP T. GIBSON
0022011-01-01PHILIP T. GIBSON

Plan Statistics for TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN

401k plan membership statisitcs for TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN

Measure Date Value
2018: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-015
Total number of active participants reported on line 7a of the Form 55002018-01-010
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0142
Total number of active participants reported on line 7a of the Form 55002017-01-010
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-015
Total of all active and inactive participants2017-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-312,607,953
Acturial value of plan assets2016-12-312,607,953
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-315
Fundng target for terminated vested participants2016-12-3121,187
Active participant vested funding target2016-12-312,249,244
Number of active participants2016-12-3132
Total funding liabilities for active participants2016-12-312,249,244
Total participant count2016-12-3137
Total funding target for all participants2016-12-312,270,431
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31451,561
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31451,561
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31746,175
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31720,721
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31446,120
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31108,598
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31108,598
Contributions allocatedtoward minimum required contributions for current year2016-12-31720,721
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-0136
Total number of active participants reported on line 7a of the Form 55002016-01-0132
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-019
Total of all active and inactive participants2016-01-0141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-011
Total participants2016-01-0142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0132
Total number of active participants reported on line 7a of the Form 55002015-01-0131
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-015
Total of all active and inactive participants2015-01-0136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0136
Number of participants with account balances2015-01-0136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0131
Total number of active participants reported on line 7a of the Form 55002014-01-0128
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-014
Total of all active and inactive participants2014-01-0132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0133
Total number of active participants reported on line 7a of the Form 55002013-01-0129
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-012
Total of all active and inactive participants2013-01-0131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0131
Total number of active participants reported on line 7a of the Form 55002012-01-0130
Number of retired or separated participants receiving benefits2012-01-011
Number of other retired or separated participants entitled to future benefits2012-01-012
Total of all active and inactive participants2012-01-0133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-011
2011: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-010
Total number of active participants reported on line 7a of the Form 55002011-01-0131
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-0131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0131

Financial Data on TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN

Measure Date Value
2018 : TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2018 401k financial data
Transfers to/from the plan2018-05-31$0
Total plan liabilities at end of year2018-05-31$0
Total plan liabilities at beginning of year2018-05-31$0
Total income from all sources2018-05-31$30,002
Expenses. Total of all expenses incurred2018-05-31$2,771,566
Benefits paid (including direct rollovers)2018-05-31$2,771,024
Total plan assets at end of year2018-05-31$0
Total plan assets at beginning of year2018-05-31$2,741,564
Value of fidelity bond covering the plan2018-05-31$670,000
Total contributions received or receivable from participants2018-05-31$0
Expenses. Other expenses not covered elsewhere2018-05-31$0
Contributions received from other sources (not participants or employers)2018-05-31$0
Other income received2018-05-31$30,002
Noncash contributions received2018-05-31$0
Net income (gross income less expenses)2018-05-31$-2,741,564
Net plan assets at end of year (total assets less liabilities)2018-05-31$0
Net plan assets at beginning of year (total assets less liabilities)2018-05-31$2,741,564
Total contributions received or receivable from employer(s)2018-05-31$0
Value of certain deemed distributions of participant loans2018-05-31$0
Value of corrective distributions2018-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-05-31$542
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-05-31$0
2017 : TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$61,310
Expenses. Total of all expenses incurred2017-12-31$673,874
Benefits paid (including direct rollovers)2017-12-31$646,913
Total plan assets at end of year2017-12-31$2,741,564
Total plan assets at beginning of year2017-12-31$3,354,128
Value of fidelity bond covering the plan2017-12-31$670,000
Total contributions received or receivable from participants2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$61,310
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$-612,564
Net plan assets at end of year (total assets less liabilities)2017-12-31$2,741,564
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$3,354,128
Total contributions received or receivable from employer(s)2017-12-31$0
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$26,961
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$799,710
Expenses. Total of all expenses incurred2016-12-31$91,406
Benefits paid (including direct rollovers)2016-12-31$69,066
Total plan assets at end of year2016-12-31$3,354,128
Total plan assets at beginning of year2016-12-31$2,645,824
Value of fidelity bond covering the plan2016-12-31$670,000
Expenses. Other expenses not covered elsewhere2016-12-31$25
Other income received2016-12-31$53,535
Net income (gross income less expenses)2016-12-31$708,304
Net plan assets at end of year (total assets less liabilities)2016-12-31$3,354,128
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$2,645,824
Total contributions received or receivable from employer(s)2016-12-31$746,175
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$22,315
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$756,192
Expenses. Total of all expenses incurred2015-12-31$69,662
Benefits paid (including direct rollovers)2015-12-31$52,270
Total plan assets at end of year2015-12-31$2,645,824
Total plan assets at beginning of year2015-12-31$1,959,294
Value of fidelity bond covering the plan2015-12-31$670,000
Expenses. Other expenses not covered elsewhere2015-12-31$25
Other income received2015-12-31$29,077
Net income (gross income less expenses)2015-12-31$686,530
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,645,824
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,959,294
Total contributions received or receivable from employer(s)2015-12-31$727,115
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$17,367
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$543,809
Expenses. Total of all expenses incurred2014-12-31$58,523
Benefits paid (including direct rollovers)2014-12-31$45,763
Total plan assets at end of year2014-12-31$1,959,294
Total plan assets at beginning of year2014-12-31$1,474,008
Value of fidelity bond covering the plan2014-12-31$670,000
Expenses. Other expenses not covered elsewhere2014-12-31$50
Other income received2014-12-31$25,309
Net income (gross income less expenses)2014-12-31$485,286
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,959,294
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,474,008
Total contributions received or receivable from employer(s)2014-12-31$518,500
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$12,710
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$538,498
Expenses. Total of all expenses incurred2013-12-31$53,336
Benefits paid (including direct rollovers)2013-12-31$45,911
Total plan assets at end of year2013-12-31$1,474,008
Total plan assets at beginning of year2013-12-31$988,846
Value of fidelity bond covering the plan2013-12-31$500,000
Expenses. Other expenses not covered elsewhere2013-12-31$25
Other income received2013-12-31$26,998
Net income (gross income less expenses)2013-12-31$485,162
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,474,008
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$988,846
Total contributions received or receivable from employer(s)2013-12-31$511,500
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$7,400
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2012 401k financial data
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$504,917
Expenses. Total of all expenses incurred2012-12-31$15,690
Benefits paid (including direct rollovers)2012-12-31$14,490
Total plan assets at end of year2012-12-31$988,846
Total plan assets at beginning of year2012-12-31$499,619
Value of fidelity bond covering the plan2012-12-31$500,000
Expenses. Other expenses not covered elsewhere2012-12-31$184
Other income received2012-12-31$2,100
Net income (gross income less expenses)2012-12-31$489,227
Net plan assets at end of year (total assets less liabilities)2012-12-31$988,846
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$499,619
Total contributions received or receivable from employer(s)2012-12-31$502,817
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$1,016
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2011 401k financial data
Total plan liabilities at end of year2011-12-31$0
Total income from all sources2011-12-31$499,619
Expenses. Total of all expenses incurred2011-12-31$0
Total plan assets at end of year2011-12-31$499,619
Total plan assets at beginning of year2011-12-31$0
Net income (gross income less expenses)2011-12-31$499,619
Net plan assets at end of year (total assets less liabilities)2011-12-31$499,619
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$0
Total contributions received or receivable from employer(s)2011-12-31$499,619
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0

Form 5500 Responses for TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN

2018: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingYes
2018-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: TENSION MEMBER TECHNOLOGY CASH BALANCE PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01First time form 5500 has been submittedYes
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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