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MICHAEL J. GAFFNEY, ESQ. DEFINED BENEFIT PLAN 401k Plan overview

Plan NameMICHAEL J. GAFFNEY, ESQ. DEFINED BENEFIT PLAN
Plan identification number 002

MICHAEL J. GAFFNEY, ESQ. DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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

MICHAEL J GAFFNEY ESQ has sponsored the creation of one or more 401k plans.

Company Name:MICHAEL J GAFFNEY ESQ
Employer identification number (EIN):133305573
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MICHAEL J. GAFFNEY, ESQ. DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01MICHAEL GAFFNEY2024-04-12
0022022-01-01MICHAEL GAFFNEY2023-08-04
0022021-01-01MICHAEL GAFFNEY2022-09-21
0022020-01-01MICHAEL GAFFNEY2021-07-23

Plan Statistics for MICHAEL J. GAFFNEY, ESQ. DEFINED BENEFIT PLAN

401k plan membership statisitcs for MICHAEL J. GAFFNEY, ESQ. DEFINED BENEFIT PLAN

Measure Date Value
2025: MICHAEL J. GAFFNEY, ESQ. DEFINED BENEFIT PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-153
Total number of particpants at end of year2025-07-153
2024: MICHAEL J. GAFFNEY, ESQ. DEFINED BENEFIT PLAN 2024 401k membership
Total number of particpants at beginning of year2024-04-123
Total number of particpants at end of year2024-04-123
2022: MICHAEL J. GAFFNEY, ESQ. DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets2022-12-31567,981
Acturial value of plan assets2022-12-31567,981
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 target2022-12-31553,065
Number of active participants2022-12-313
Total funding liabilities for active participants2022-12-31553,065
Total participant count2022-12-313
Total funding target for all participants2022-12-31553,065
Balance at beginning of prior year after applicable adjustments2022-12-310
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 balance2022-12-310
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 year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-31100,000
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 date2022-12-3194,117
Liquidity shortfalls end of Q12022-12-310
Liquidity shortfalls end of Q22022-12-310
Liquidity shortfalls end of Q32022-12-310
Liquidity shortfalls end of Q42022-12-310
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 cost2022-12-310
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 year2022-12-3194,117
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: MICHAEL J. GAFFNEY, ESQ. DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets2021-12-31254,159
Acturial value of plan assets2021-12-31254,159
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-31255,495
Number of active participants2021-12-313
Total funding liabilities for active participants2021-12-31255,495
Total participant count2021-12-313
Total funding target for all participants2021-12-31255,495
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 contributions2021-12-317,460
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-317,878
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 year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-31273,806
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 date2021-12-31255,719
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 cost2021-12-31255,499
Net shortfall amortization installment of oustanding balance2021-12-311,336
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31255,719
Additional cash requirement2021-12-31255,719
Contributions allocatedtoward minimum required contributions for current year2021-12-31255,719
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: MICHAEL J. GAFFNEY, ESQ. DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-12-310
Acturial value of plan assets2020-12-310
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-310
Number of active participants2020-12-310
Total funding liabilities for active participants2020-12-310
Total participant count2020-12-310
Total funding target for all participants2020-12-310
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 contributions2020-12-310
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 year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-31259,999
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 date2020-12-31240,680
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 cost2020-12-31233,220
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31233,220
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31233,220
Contributions allocatedtoward minimum required contributions for current year2020-12-31240,680
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310

Financial Data on MICHAEL J. GAFFNEY, ESQ. DEFINED BENEFIT PLAN

Measure Date Value
2025 : MICHAEL J. GAFFNEY, ESQ. DEFINED BENEFIT PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-150
Total liabilities as of the end of the plan year2025-07-150
Total liabilities as of the beginning of the plan year2025-07-150
Total expenses incurred by plan in this plan year2025-07-150
Net assets as of the end of the plan year2025-07-15991265
Total assets as of the beginning of the plan year2025-07-15786641
Value of plan covered by a fidelity bond2025-07-15100000
Participant contributions to plan in this plan year2025-07-150
Other expenses paid from plan in this plan year2025-07-150
Other contributions to plan in this plan year2025-07-150
Other income to plan in this plan year2025-07-15179624
Plan net income in this plan year2025-07-15204624
Net assets as of the end of the plan year2025-07-15991265
Net assets as of the beginning of the plan year2025-07-15786641
Employer contributions to plan in this plan year2025-07-1525000
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-150
2024 : MICHAEL J. GAFFNEY, ESQ. DEFINED BENEFIT PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-120
Total liabilities as of the end of the plan year2024-04-120
Total liabilities as of the beginning of the plan year2024-04-120
Total expenses incurred by plan in this plan year2024-04-120
Net assets as of the end of the plan year2024-04-12786641
Total assets as of the beginning of the plan year2024-04-12581343
Value of plan covered by a fidelity bond2024-04-12100000
Participant contributions to plan in this plan year2024-04-120
Other expenses paid from plan in this plan year2024-04-120
Other contributions to plan in this plan year2024-04-120
Other income to plan in this plan year2024-04-12130297
Plan net income in this plan year2024-04-12205297
Net assets as of the end of the plan year2024-04-12786641
Net assets as of the beginning of the plan year2024-04-12581343
Employer contributions to plan in this plan year2024-04-1275000
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-120

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