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VENTURE PRODUCTS, LLC CASH BALANCE PLAN 401k Plan overview

Plan NameVENTURE PRODUCTS, LLC CASH BALANCE PLAN
Plan identification number 002

VENTURE PRODUCTS, LLC CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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).

401k Sponsoring company profile

VENTURE PRODUCTS, LLC has sponsored the creation of one or more 401k plans.

Company Name:VENTURE PRODUCTS, LLC
Employer identification number (EIN):200812171
NAIC Classification:339900

Additional information about VENTURE PRODUCTS, LLC

Jurisdiction of Incorporation: New Jersey Division of Revenue and Enterprise Services
Incorporation Date:
Company Identification Number: 0600194997

More information about VENTURE PRODUCTS, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VENTURE PRODUCTS, LLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01STEVEN FISCHER2023-10-05
0022021-01-01STEVEN FISCHER2022-10-12
0022020-01-01STEVEN FISCHER2021-10-11
0022019-01-01STEVEN FISCHER2020-10-02
0022018-01-01STEVEN FISCHER2019-09-09
0022017-01-01STEVEN FISCHER2018-10-02
0022016-01-01STEVEN FISCHER2017-08-09
0022015-01-01STEVEN FISCHER2016-10-04
0022014-01-01STEVEN FISCHER2015-10-01
0022013-01-01STEVEN FISCHER2014-09-29
0022012-01-01STEVEN FISCHER2013-10-11
0022011-01-01STEVEN FISCHER2012-09-19
0022010-01-01STEVEN FISCHER2011-09-15

Plan Statistics for VENTURE PRODUCTS, LLC CASH BALANCE PLAN

401k plan membership statisitcs for VENTURE PRODUCTS, LLC CASH BALANCE PLAN

Measure Date Value
2022: VENTURE PRODUCTS, LLC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-314,612,616
Acturial value of plan assets2022-12-314,612,616
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 target2022-12-313,153,743
Number of active participants2022-12-3114
Total funding liabilities for active participants2022-12-313,154,138
Total participant count2022-12-3114
Total funding target for all participants2022-12-313,154,138
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31824,136
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 balance2022-12-31824,136
Present value of excess contributions2022-12-3159,224
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3161,919
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-3161,919
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 year2022-12-31997,561
Total employer contributions2022-12-31450,000
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 date2022-12-31424,181
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 cost2022-12-31359,912
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 year2022-12-31424,181
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: VENTURE PRODUCTS, LLC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-313,672,386
Acturial value of plan assets2021-12-313,672,386
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-312
Fundng target for terminated vested participants2021-12-312,217
Active participant vested funding target2021-12-312,841,622
Number of active participants2021-12-3112
Total funding liabilities for active participants2021-12-312,842,072
Total participant count2021-12-3114
Total funding target for all participants2021-12-312,844,289
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-311,073,893
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-31309,814
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31764,079
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 year2021-12-310
Balance of prefunding at beginning of current year2021-12-31824,136
Total employer contributions2021-12-31450,000
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 date2021-12-31427,923
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 cost2021-12-31372,660
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31368,699
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31368,699
Contributions allocatedtoward minimum required contributions for current year2021-12-31427,923
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: VENTURE PRODUCTS, LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-313,406,104
Acturial value of plan assets2020-12-313,406,104
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-312,053
Active participant vested funding target2020-12-312,276,382
Number of active participants2020-12-3111
Total funding liabilities for active participants2020-12-312,276,382
Total participant count2020-12-3113
Total funding target for all participants2020-12-312,278,435
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31813,188
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 balance2020-12-31813,188
Present value of excess contributions2020-12-3180,189
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3184,487
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3184,487
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 year2020-12-311,073,893
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 cost2020-12-31351,991
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31298,215
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-31298,215
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: VENTURE PRODUCTS, LLC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-312,449,671
Acturial value of plan assets2019-12-312,449,671
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-313
Fundng target for terminated vested participants2019-12-315,536
Active participant vested funding target2019-12-311,812,778
Number of active participants2019-12-3111
Total funding liabilities for active participants2019-12-311,812,778
Total participant count2019-12-3114
Total funding target for all participants2019-12-311,818,314
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31889,787
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 balance2019-12-31889,787
Present value of excess contributions2019-12-3110,593
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3111,180
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-314,016
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 year2019-12-31813,188
Total employer contributions2019-12-31450,000
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 date2019-12-31424,144
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 cost2019-12-31343,955
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31343,955
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31343,955
Contributions allocatedtoward minimum required contributions for current year2019-12-31424,144
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: VENTURE PRODUCTS, LLC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-312,193,042
Acturial value of plan assets2018-12-312,193,042
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-313,814
Active participant vested funding target2018-12-311,257,289
Number of active participants2018-12-3111
Total funding liabilities for active participants2018-12-311,257,289
Total participant count2018-12-3113
Total funding target for all participants2018-12-311,261,103
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31646,295
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 balance2018-12-31646,295
Present value of excess contributions2018-12-31153,704
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31162,511
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31162,511
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 year2018-12-31889,787
Total employer contributions2018-12-31450,000
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 date2018-12-31422,121
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 cost2018-12-31453,680
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31411,528
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31411,528
Contributions allocatedtoward minimum required contributions for current year2018-12-31422,121
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: VENTURE PRODUCTS, LLC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-311,600,958
Acturial value of plan assets2017-12-311,600,958
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-313,420
Active participant vested funding target2017-12-31949,462
Number of active participants2017-12-3111
Total funding liabilities for active participants2017-12-31951,243
Total participant count2017-12-3113
Total funding target for all participants2017-12-31954,663
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31450,272
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 balance2017-12-31450,272
Present value of excess contributions2017-12-31169,834
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31180,381
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31155,318
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 year2017-12-310
Balance of prefunding at beginning of current year2017-12-31646,295
Total employer contributions2017-12-31400,000
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 date2017-12-31374,535
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 cost2017-12-31220,831
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31220,831
Additional cash requirement2017-12-31220,831
Contributions allocatedtoward minimum required contributions for current year2017-12-31374,535
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: VENTURE PRODUCTS, LLC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-311,107,005
Acturial value of plan assets2016-12-311,107,005
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-312
Fundng target for terminated vested participants2016-12-313,131
Active participant vested funding target2016-12-31653,602
Number of active participants2016-12-3111
Total funding liabilities for active participants2016-12-31653,602
Total participant count2016-12-3113
Total funding target for all participants2016-12-31656,733
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31187,054
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 balance2016-12-31187,054
Present value of excess contributions2016-12-31282,353
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31300,367
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31272,197
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31450,272
Total employer contributions2016-12-31400,000
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 date2016-12-31371,853
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 cost2016-12-31202,019
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 balances2016-12-31202,019
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31202,019
Contributions allocatedtoward minimum required contributions for current year2016-12-31371,853
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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