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NEW YORK BOILER, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameNEW YORK BOILER, INC. CASH BALANCE PLAN
Plan identification number 002

NEW YORK BOILER, INC. 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).
  • 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

NEW YORK BOILER, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEW YORK BOILER, INC.
Employer identification number (EIN):112809119
NAIC Classification:238220
NAIC Description:Plumbing, Heating, and Air-Conditioning Contractors

Additional information about NEW YORK BOILER, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1986-06-12
Company Identification Number: 1090074
Legal Registered Office Address: 5885 PRESTON COURT
New York
BROOKLYN
United States of America (USA)
11234

More information about NEW YORK BOILER, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW YORK BOILER, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01J. PALADINO2023-06-22
0022021-01-01J. PALADINO2022-09-28
0022020-01-01J. PALADINO2021-09-29
0022019-01-01J. PAGLIARO2020-10-05
0022018-01-01JOANNE PAGLIARO2019-07-11
0022017-01-01
0022016-01-01
0022015-01-01

Plan Statistics for NEW YORK BOILER, INC. CASH BALANCE PLAN

401k plan membership statisitcs for NEW YORK BOILER, INC. CASH BALANCE PLAN

Measure Date Value
2022: NEW YORK BOILER, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-313,134,555
Acturial value of plan assets2022-12-313,134,555
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 target2022-12-313,072,705
Number of active participants2022-12-3117
Total funding liabilities for active participants2022-12-313,072,705
Total participant count2022-12-3117
Total funding target for all participants2022-12-313,072,705
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 contributions2022-12-31422,842
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31442,885
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-31442,885
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-31442,885
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-31422,095
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 date2022-12-31416,167
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 cost2022-12-31328,737
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31266,887
Additional cash requirement2022-12-31266,887
Contributions allocatedtoward minimum required contributions for current year2022-12-31416,167
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: NEW YORK BOILER, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-313,272,444
Acturial value of plan assets2021-12-313,272,444
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-311
Fundng target for terminated vested participants2021-12-3127,575
Active participant vested funding target2021-12-312,687,708
Number of active participants2021-12-3115
Total funding liabilities for active participants2021-12-312,687,708
Total participant count2021-12-3116
Total funding target for all participants2021-12-312,715,283
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 contributions2021-12-31330,600
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31369,148
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-31369,148
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-31369,148
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-31428,676
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 date2021-12-31422,842
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 cost2021-12-31340,662
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31422,842
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: NEW YORK BOILER, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-312,632,628
Acturial value of plan assets2020-12-312,632,628
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-3147,411
Active participant vested funding target2020-12-312,227,844
Number of active participants2020-12-3116
Total funding liabilities for active participants2020-12-312,227,844
Total participant count2020-12-3117
Total funding target for all participants2020-12-312,275,255
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-31160,787
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31170,402
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-31335,668
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31330,600
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31335,737
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31330,600
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: NEW YORK BOILER, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,950,392
Acturial value of plan assets2019-12-311,950,392
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-311,773,728
Number of active participants2019-12-3110
Total funding liabilities for active participants2019-12-311,773,728
Total participant count2019-12-3110
Total funding target for all participants2019-12-311,773,728
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-318,962
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-318,962
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31394,058
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31370,132
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31386,009
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31209,345
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31209,345
Contributions allocatedtoward minimum required contributions for current year2019-12-31370,132
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: NEW YORK BOILER, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,262,435
Acturial value of plan assets2018-12-311,262,435
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-311,314,257
Number of active participants2018-12-3110
Total funding liabilities for active participants2018-12-311,314,257
Total participant count2018-12-3110
Total funding target for all participants2018-12-311,314,257
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3168,081
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3168,081
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3168,081
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-3168,081
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31407,275
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31401,401
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31383,979
Net shortfall amortization installment of oustanding balance2018-12-3151,822
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31392,439
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31392,439
Contributions allocatedtoward minimum required contributions for current year2018-12-31401,401
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: NEW YORK BOILER, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31967,134
Acturial value of plan assets2017-12-31967,134
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-31869,908
Number of active participants2017-12-3110
Total funding liabilities for active participants2017-12-31869,908
Total participant count2017-12-3110
Total funding target for all participants2017-12-31869,908
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31968
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31968
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31968
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-31968
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31366,661
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31354,575
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31383,720
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31286,494
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31286,494
Contributions allocatedtoward minimum required contributions for current year2017-12-31354,575
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: NEW YORK BOILER, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31406,381
Acturial value of plan assets2016-12-31406,381
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-310
Number of active participants2016-12-3110
Total funding liabilities for active participants2016-12-31422,210
Total participant count2016-12-3110
Total funding target for all participants2016-12-31422,210
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 contributions2016-12-313,682
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-313,682
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-313,682
Reductions in prefunding balances due to elections or deemed elections2016-12-313,682
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31411,476
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 date2016-12-31407,238
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 cost2016-12-31403,655
Net shortfall amortization installment of oustanding balance2016-12-3115,829
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31406,270
Additional cash requirement2016-12-31406,270
Contributions allocatedtoward minimum required contributions for current year2016-12-31407,238
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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