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NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 401k Plan overview

Plan NameNEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION RETIREMENT PENSION PLAN
Plan identification number 001

NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION RETIREMENT PENSION 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).
  • 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 TIMES EMPLOYEES FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name:NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION
Employer identification number (EIN):131780480
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION RETIREMENT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01ANGELA M GENETT2023-06-09
0012021-01-01ANGELA M GENETT2022-08-16
0012020-01-01ANGELA M GENETT2021-08-20
0012019-01-01ANGELA M GENETT2020-08-19
0012018-01-01ANGELA M GENETT2019-09-25
0012017-01-01ANGELA M GENETT2018-09-19
0012016-01-01ANGELA M GENETT2017-10-10
0012015-01-01ANGELA M GENETT2016-08-18
0012014-01-01ANGELA M GENETT2015-07-23
0012013-01-01ANGELA M GENETT2014-08-01
0012012-01-01ANGELA M GENETT2013-09-30
0012011-01-01ANGELA GENETT2012-10-04
0012010-01-01ANGELA GENETT2011-08-08 ANGELA GENETT2011-08-08

Plan Statistics for NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION RETIREMENT PENSION PLAN

401k plan membership statisitcs for NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION RETIREMENT PENSION PLAN

Measure Date Value
2022: NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-3110,458,558
Acturial value of plan assets2022-12-3110,458,558
Funding target for retired participants and beneficiaries receiving payment2022-12-31267,811
Number of terminated vested participants2022-12-317
Fundng target for terminated vested participants2022-12-311,202,917
Active participant vested funding target2022-12-313,652,321
Number of active participants2022-12-317
Total funding liabilities for active participants2022-12-313,652,321
Total participant count2022-12-3116
Total funding target for all participants2022-12-315,123,049
Balance at beginning of prior year after applicable adjustments2022-12-3145,457
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-3145,457
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
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 year2022-12-3150,962
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-310
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 date2022-12-310
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 cost2022-12-31129,374
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-319,404,324
Acturial value of plan assets2021-12-319,404,324
Funding target for retired participants and beneficiaries receiving payment2021-12-31276,677
Number of terminated vested participants2021-12-313
Fundng target for terminated vested participants2021-12-31337,877
Active participant vested funding target2021-12-313,971,380
Number of active participants2021-12-3111
Total funding liabilities for active participants2021-12-313,971,380
Total participant count2021-12-3116
Total funding target for all participants2021-12-314,585,934
Balance at beginning of prior year after applicable adjustments2021-12-3139,784
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 balance2021-12-3139,784
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-3145,457
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-310
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 date2021-12-310
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 cost2021-12-31109,778
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-318,296,979
Acturial value of plan assets2020-12-318,296,979
Funding target for retired participants and beneficiaries receiving payment2020-12-31293,368
Number of terminated vested participants2020-12-313
Fundng target for terminated vested participants2020-12-31337,022
Active participant vested funding target2020-12-313,703,889
Number of active participants2020-12-3111
Total funding liabilities for active participants2020-12-313,703,889
Total participant count2020-12-3116
Total funding target for all participants2020-12-314,334,279
Balance at beginning of prior year after applicable adjustments2020-12-3133,198
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 balance2020-12-3133,198
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
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 year2020-12-3139,784
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-310
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 date2020-12-310
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 cost2020-12-31139,476
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-316,990,641
Acturial value of plan assets2019-12-316,990,641
Funding target for retired participants and beneficiaries receiving payment2019-12-31300,590
Number of terminated vested participants2019-12-313
Fundng target for terminated vested participants2019-12-31305,930
Active participant vested funding target2019-12-313,149,468
Number of active participants2019-12-3111
Total funding liabilities for active participants2019-12-313,149,468
Total participant count2019-12-3116
Total funding target for all participants2019-12-313,755,988
Balance at beginning of prior year after applicable adjustments2019-12-3135,119
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 balance2019-12-3135,119
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
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 year2019-12-3133,198
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-310
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 date2019-12-310
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 cost2019-12-31284,390
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-317,483,315
Acturial value of plan assets2018-12-317,483,315
Funding target for retired participants and beneficiaries receiving payment2018-12-31295,679
Number of terminated vested participants2018-12-313
Fundng target for terminated vested participants2018-12-31271,993
Active participant vested funding target2018-12-312,707,049
Number of active participants2018-12-3111
Total funding liabilities for active participants2018-12-312,710,118
Total participant count2018-12-3116
Total funding target for all participants2018-12-313,277,790
Balance at beginning of prior year after applicable adjustments2018-12-3130,512
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 balance2018-12-3130,512
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-3135,119
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-310
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 date2018-12-310
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 cost2018-12-31195,299
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-316,590,773
Acturial value of plan assets2017-12-316,590,773
Funding target for retired participants and beneficiaries receiving payment2017-12-31300,313
Number of terminated vested participants2017-12-314
Fundng target for terminated vested participants2017-12-31250,003
Active participant vested funding target2017-12-312,269,112
Number of active participants2017-12-3111
Total funding liabilities for active participants2017-12-312,271,075
Total participant count2017-12-3117
Total funding target for all participants2017-12-312,821,391
Balance at beginning of prior year after applicable adjustments2017-12-3128,402
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 balance2017-12-3128,402
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-312,279,413
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-312,413,215
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-3130,512
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-310
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 date2017-12-310
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 cost2017-12-31171,383
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-313,935,697
Acturial value of plan assets2016-12-313,935,697
Funding target for retired participants and beneficiaries receiving payment2016-12-31304,426
Number of terminated vested participants2016-12-313
Fundng target for terminated vested participants2016-12-31221,093
Active participant vested funding target2016-12-311,928,452
Number of active participants2016-12-3112
Total funding liabilities for active participants2016-12-311,929,335
Total participant count2016-12-3117
Total funding target for all participants2016-12-312,454,854
Balance at beginning of prior year after applicable adjustments2016-12-3129,262
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 balance2016-12-3129,262
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
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 year2016-12-3128,402
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-312,322,200
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 date2016-12-312,279,413
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 cost2016-12-31162,466
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-312,279,413
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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