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M. J. SCULLY & CO., INC. RETIREMENT PLAN 401k Plan overview

Plan NameM. J. SCULLY & CO., INC. RETIREMENT PLAN
Plan identification number 003

M. J. SCULLY & CO., INC. RETIREMENT 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).

401k Sponsoring company profile

M.J. SCULLY & CO., INC. has sponsored the creation of one or more 401k plans.

Company Name:M.J. SCULLY & CO., INC.
Employer identification number (EIN):043123590
NAIC Classification:238900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan M. J. SCULLY & CO., INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01

Plan Statistics for M. J. SCULLY & CO., INC. RETIREMENT PLAN

401k plan membership statisitcs for M. J. SCULLY & CO., INC. RETIREMENT PLAN

Measure Date Value
2022: M. J. SCULLY & CO., INC. RETIREMENT PLAN 2022 401k membership
Market value of plan assets2022-12-31148,591
Acturial value of plan assets2022-12-31148,591
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-310
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-310
Number of active participants2022-12-315
Total funding liabilities for active participants2022-12-31127,735
Total participant count2022-12-315
Total funding target for all participants2022-12-31127,735
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-3123,018
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3124,252
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-31170,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31157,108
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31128,844
Net shortfall amortization installment of oustanding balance2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31107,988
Additional cash requirement2022-12-31107,988
Contributions allocatedtoward minimum required contributions for current year2022-12-31157,108
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310

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