ON TIME REPORTING, INC. PENSION PLAN 401k Plan overview

ON TIME REPORTING, INC. PENSION PLAN Benefits

401k Sponsoring company profile

Company Name:	ON TIME REPORTING, INC.
Employer identification number (EIN):	050604919
NAIC Classification:	541190

Additional information about ON TIME REPORTING, INC.

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	2003-07-24
Company Identification Number:	2934408
Legal Registered Office Address:	263 BROWN STREET Nassau MINEOLA United States of America (USA) 11501

More information about ON TIME REPORTING, INC.

Form 5500 Filing Information

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01	DEBRA COLETTO	2023-07-25	DEBRA COLETTO	2023-07-25
002	2021-01-01	DEBRA COLETTO	2022-07-14	DEBRA COLETTO	2022-07-14
002	2020-01-01	DEBRA COLETTO	2021-10-07	DEBRA COLETTO	2021-10-07
002	2019-01-01	DEBRA COLETTO	2020-07-28	DEBRA COLETTO	2020-07-28
002	2018-01-01	DEBRA COLETTO	2019-10-04	DEBRA COLETTO	2019-10-04
002	2017-01-01	DEBRA COLETTO	2018-10-10	DEBRA COLETTO	2018-10-10

Plan Statistics for ON TIME REPORTING, INC. PENSION PLAN

Measure	Date	Value
2021: ON TIME REPORTING, INC. PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	967,064
Acturial value of plan assets	2021-12-31	967,064
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	0
Fundng target for terminated vested participants	2021-12-31	0
Active participant vested funding target	2021-12-31	386,453
Number of active participants	2021-12-31	7
Total funding liabilities for active participants	2021-12-31	483,067
Total participant count	2021-12-31	7
Total funding target for all participants	2021-12-31	483,067
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	238,245
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	238,245
Present value of excess contributions	2021-12-31	29,701
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	29,701
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	29,701
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	293,033
Total employer contributions	2021-12-31	320,000
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	316,756
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	286,320
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	111,824
Additional cash requirement	2021-12-31	111,824
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	316,756
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: ON TIME REPORTING, INC. PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	666,944
Acturial value of plan assets	2020-12-31	666,944
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	0
Fundng target for terminated vested participants	2020-12-31	0
Active participant vested funding target	2020-12-31	200,669
Number of active participants	2020-12-31	4
Total funding liabilities for active participants	2020-12-31	334,447
Total participant count	2020-12-31	4
Total funding target for all participants	2020-12-31	334,447
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	120,121
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	120,121
Present value of excess contributions	2020-12-31	109,326
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	109,326
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	109,326
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	238,720
Total employer contributions	2020-12-31	178,000
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	175,980
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	226,737
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	146,279
Additional cash requirement	2020-12-31	146,279
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	175,980
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: ON TIME REPORTING, INC. PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-31	353,396
Acturial value of plan assets	2019-12-31	353,396
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	0
Fundng target for terminated vested participants	2019-12-31	0
Active participant vested funding target	2019-12-31	72,705
Number of active participants	2019-12-31	5
Total funding liabilities for active participants	2019-12-31	181,763
Total participant count	2019-12-31	5
Total funding target for all participants	2019-12-31	181,763
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	31,009
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	31,009
Present value of excess contributions	2019-12-31	91,500
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	91,500
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	91,500
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	120,121
Total employer contributions	2019-12-31	250,000
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	240,042
Liquidity shortfalls end of Q1	2019-12-31	0
Liquidity shortfalls end of Q2	2019-12-31	0
Liquidity shortfalls end of Q3	2019-12-31	0
Liquidity shortfalls end of Q4	2019-12-31	0
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	175,919
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	130,716
Additional cash requirement	2019-12-31	130,716
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	240,042
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: ON TIME REPORTING, INC. PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	128,964
Acturial value of plan assets	2018-12-31	128,964
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	0
Fundng target for terminated vested participants	2018-12-31	0
Active participant vested funding target	2018-12-31	20,509
Number of active participants	2018-12-31	7
Total funding liabilities for active participants	2018-12-31	102,543
Total participant count	2018-12-31	7
Total funding target for all participants	2018-12-31	102,543
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	0
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	0
Present value of excess contributions	2018-12-31	31,009
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	31,009
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	31,009
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	31,009
Total employer contributions	2018-12-31	199,000
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	192,976
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	100,521
Net shortfall amortization installment of oustanding balance	2018-12-31	5,851
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	101,476
Additional cash requirement	2018-12-31	101,476
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	192,976
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: ON TIME REPORTING, INC. PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	0
Acturial value of plan assets	2017-12-31	0
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	0
Fundng target for terminated vested participants	2017-12-31	0
Active participant vested funding target	2017-12-31	0
Number of active participants	2017-12-31	7
Total funding liabilities for active participants	2017-12-31	0
Total participant count	2017-12-31	7
Total funding target for all participants	2017-12-31	0
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	139,679
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	134,016
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	103,007
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	103,007
Additional cash requirement	2017-12-31	103,007
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	134,016
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0

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