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C & M FIRST SERVICES, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameC & M FIRST SERVICES, INC. CASH BALANCE PLAN
Plan identification number 004

C & M FIRST SERVICES, 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).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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

C & M FIRST SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:C & M FIRST SERVICES, INC.
Employer identification number (EIN):133541707
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Additional information about C & M FIRST SERVICES, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1989-09-07
Company Identification Number: 1382836
Legal Registered Office Address: 80 STATE STREET
New York
ALBANY
United States of America (USA)
12207

More information about C & M FIRST SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan C & M FIRST SERVICES, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042023-01-01CHIWEI CHENG2023-12-05
0042022-01-01CHIWEI CHENG2023-09-22
0042021-01-01CHIWEI WANG2022-04-09
0042020-01-01CHIWEI WANG2021-05-24
0042019-01-01CHIWEI WANG2020-06-21
0042018-01-01CHIWEI WANG2019-05-05
0042017-01-01CHIWEI WANG2018-04-26
0042016-01-01CHIWEI WANG2017-06-19

Plan Statistics for C & M FIRST SERVICES, INC. CASH BALANCE PLAN

401k plan membership statisitcs for C & M FIRST SERVICES, INC. CASH BALANCE PLAN

Measure Date Value
2022: C & M FIRST SERVICES, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-314,052,840
Acturial value of plan assets2022-12-314,052,840
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-312
Fundng target for terminated vested participants2022-12-313,032
Active participant vested funding target2022-12-312,861,025
Number of active participants2022-12-3124
Total funding liabilities for active participants2022-12-312,862,232
Total participant count2022-12-3126
Total funding target for all participants2022-12-312,865,264
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31504,723
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 balance2022-12-31504,723
Present value of excess contributions2022-12-31286,745
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31298,301
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-31298,301
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 year2022-12-31870,657
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 cost2022-12-31426,285
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31109,366
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-31109,366
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: C & M FIRST SERVICES, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-313,151,171
Acturial value of plan assets2021-12-313,151,171
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-311
Fundng target for terminated vested participants2021-12-312,177
Active participant vested funding target2021-12-312,351,571
Number of active participants2021-12-3122
Total funding liabilities for active participants2021-12-312,355,147
Total participant count2021-12-3123
Total funding target for all participants2021-12-312,357,324
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31224,963
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 balance2021-12-31224,963
Present value of excess contributions2021-12-31230,116
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31239,919
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-31239,919
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 year2021-12-31504,723
Total employer contributions2021-12-31449,168
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 date2021-12-31432,870
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 cost2021-12-31435,249
Net shortfall amortization installment of oustanding balance2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31146,125
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31146,125
Contributions allocatedtoward minimum required contributions for current year2021-12-31432,870
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: C & M FIRST SERVICES, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-312,267,539
Acturial value of plan assets2020-12-312,267,539
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-313,859
Active participant vested funding target2020-12-311,806,459
Number of active participants2020-12-3118
Total funding liabilities for active participants2020-12-311,808,487
Total participant count2020-12-3120
Total funding target for all participants2020-12-311,812,346
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31193,100
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-314,689
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31188,411
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 year2020-12-31224,963
Total employer contributions2020-12-31448,029
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 date2020-12-31430,784
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 cost2020-12-31430,898
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31200,668
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31200,668
Contributions allocatedtoward minimum required contributions for current year2020-12-31430,784
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: C & M FIRST SERVICES, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,493,025
Acturial value of plan assets2019-12-311,493,025
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-311,593
Active participant vested funding target2019-12-311,297,659
Number of active participants2019-12-3117
Total funding liabilities for active participants2019-12-311,298,195
Total participant count2019-12-3118
Total funding target for all participants2019-12-311,299,788
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31257,731
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 balance2019-12-31257,731
Present value of excess contributions2019-12-31134,455
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31141,716
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-31141,716
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-31193,306
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31193,100
Total employer contributions2019-12-31443,937
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 date2019-12-31426,358
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 cost2019-12-31431,184
Net shortfall amortization installment of oustanding balance2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31431,047
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-314,689
Additional cash requirement2019-12-31426,358
Contributions allocatedtoward minimum required contributions for current year2019-12-31426,358
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: C & M FIRST SERVICES, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,118,056
Acturial value of plan assets2018-12-311,118,056
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 target2018-12-310
Number of active participants2018-12-3119
Total funding liabilities for active participants2018-12-31782,036
Total participant count2018-12-3119
Total funding target for all participants2018-12-31782,036
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 contributions2018-12-31244,387
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31257,731
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31257,731
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 year2018-12-310
Balance of prefunding at beginning of current year2018-12-31257,731
Total employer contributions2018-12-31442,753
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 date2018-12-31420,960
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Minimum required contributions for current year target normal cost2018-12-31364,794
Net shortfall amortization installment of oustanding balance2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31286,505
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31286,505
Contributions allocatedtoward minimum required contributions for current year2018-12-31420,960
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: C & M FIRST SERVICES, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31386,791
Acturial value of plan assets2017-12-31386,791
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 target2017-12-310
Number of active participants2017-12-3118
Total funding liabilities for active participants2017-12-31384,483
Total participant count2017-12-3118
Total funding target for all participants2017-12-31384,483
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-316,569
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-316,936
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-316,936
Reductions in prefunding balances due to elections or deemed elections2017-12-316,936
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31639,540
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 date2017-12-31608,252
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 cost2017-12-31366,173
Net shortfall amortization installment of oustanding balance2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31363,865
Additional cash requirement2017-12-31363,865
Contributions allocatedtoward minimum required contributions for current year2017-12-31608,252
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: C & M FIRST SERVICES, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-310
Acturial value of plan assets2016-12-310
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 participants2016-12-3116
Total funding liabilities for active participants2016-12-310
Total participant count2016-12-3116
Total funding target for all participants2016-12-310
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 contributions2016-12-310
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 year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31387,623
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 date2016-12-31367,317
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 cost2016-12-31360,748
Net shortfall amortization installment of oustanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31360,748
Additional cash requirement2016-12-31360,748
Contributions allocatedtoward minimum required contributions for current year2016-12-31367,317
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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