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KIDS & FAMILY INC. CASH BALANCE PLAN 401k Plan overview

Plan NameKIDS & FAMILY INC. CASH BALANCE PLAN
Plan identification number 002

KIDS & FAMILY 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

KIDS AND FAMILY, INC. has sponsored the creation of one or more 401k plans.

Company Name:KIDS AND FAMILY, INC.
Employer identification number (EIN):203794178
NAIC Classification:624100
NAIC Description: Individual and Family Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KIDS & FAMILY INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01AARON HOMNICK2023-08-02
0022021-01-01AARON HOMNICK2022-09-22
0022020-01-01AARON HOMNICK2021-11-17
0022020-01-01AARON HOMNICK2021-08-02
0022019-01-01AARON HOMNICK2020-08-03
0022018-01-01AARON HOMNICK2019-10-02
0022017-01-01AARON HOMNICK2018-09-17
0022016-01-01AARON HOMNICK2017-10-03
0022015-01-01AARON HOMNICK2016-07-05
0022014-01-01AARON HOMNICK2015-09-21
0022013-01-01AARON HOMNICK2014-09-30

Plan Statistics for KIDS & FAMILY INC. CASH BALANCE PLAN

401k plan membership statisitcs for KIDS & FAMILY INC. CASH BALANCE PLAN

Measure Date Value
2022: KIDS & FAMILY INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-312,775,159
Acturial value of plan assets2022-12-312,775,159
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-312
Fundng target for terminated vested participants2022-12-318,068
Active participant vested funding target2022-12-312,244,283
Number of active participants2022-12-3115
Total funding liabilities for active participants2022-12-312,244,283
Total participant count2022-12-3117
Total funding target for all participants2022-12-312,252,351
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31164,152
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31164,152
Present value of excess contributions2022-12-3152,297
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3155,121
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31198,985
Total employer contributions2022-12-31235,600
Total employee contributions2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31220,381
Unpaid minimum required contributions for all prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31217,600
Net shortfall amortization installment of oustanding balance2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31220,381
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: KIDS & FAMILY INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-312,085,988
Acturial value of plan assets2021-12-312,085,988
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-312
Fundng target for terminated vested participants2021-12-312,837
Active participant vested funding target2021-12-311,880,145
Number of active participants2021-12-3116
Total funding liabilities for active participants2021-12-311,880,145
Total participant count2021-12-3118
Total funding target for all participants2021-12-311,882,982
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31148,769
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 balance2021-12-31148,769
Present value of excess contributions2021-12-3110,983
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3111,560
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 year2021-12-31164,152
Total employer contributions2021-12-31235,600
Total employee contributions2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31224,845
Unpaid minimum required contributions for all prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31211,402
Net shortfall amortization installment of oustanding balance2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31172,548
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31172,548
Contributions allocatedtoward minimum required contributions for current year2021-12-31224,845
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: KIDS & FAMILY INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,662,750
Acturial value of plan assets2020-12-311,662,750
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-312,819
Active participant vested funding target2020-12-311,609,585
Number of active participants2020-12-3115
Total funding liabilities for active participants2020-12-311,609,585
Total participant count2020-12-3116
Total funding target for all participants2020-12-311,612,404
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31135,701
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31135,701
Present value of excess contributions2020-12-3110,741
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3111,320
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31148,769
Total employer contributions2020-12-31235,601
Total employee contributions2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31226,504
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31215,521
Total funding amount beforereflecting carryover/prefunding balances2020-12-31215,521
Additional cash requirement2020-12-31215,521
Contributions allocatedtoward minimum required contributions for current year2020-12-31226,504
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: KIDS & FAMILY INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,290,321
Acturial value of plan assets2019-12-311,290,321
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 target2019-12-311,286,047
Number of active participants2019-12-3116
Total funding liabilities for active participants2019-12-311,286,895
Total participant count2019-12-3116
Total funding target for all participants2019-12-311,286,895
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31138,160
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31138,160
Present value of excess contributions2019-12-3119,426
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3120,506
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31135,701
Total employer contributions2019-12-31236,800
Total employee contributions2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31221,353
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31210,612
Total funding amount beforereflecting carryover/prefunding balances2019-12-31210,612
Additional cash requirement2019-12-31210,612
Contributions allocatedtoward minimum required contributions for current year2019-12-31221,353
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: KIDS & FAMILY INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,074,433
Acturial value of plan assets2018-12-311,074,433
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 target2018-12-31983,943
Number of active participants2018-12-3114
Total funding liabilities for active participants2018-12-31984,688
Total participant count2018-12-3114
Total funding target for all participants2018-12-31984,688
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31127,219
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31127,219
Present value of excess contributions2018-12-3124,752
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3126,175
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31138,160
Total employer contributions2018-12-31236,800
Total employee contributions2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31221,354
Unpaid minimum required contributions for all prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31201,928
Total funding amount beforereflecting carryover/prefunding balances2018-12-31201,928
Additional cash requirement2018-12-31201,928
Contributions allocatedtoward minimum required contributions for current year2018-12-31221,354
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: KIDS & FAMILY INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31767,357
Acturial value of plan assets2017-12-31767,357
Active participant vested funding target2017-12-31707,414
Number of active participants2017-12-3113
Total funding liabilities for active participants2017-12-31707,414
Total participant count2017-12-3113
Total funding target for all participants2017-12-31707,414
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31125,760
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-31125,760
Present value of excess contributions2017-12-3141,944
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3144,582
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31127,219
Total employer contributions2017-12-31233,200
Total employee contributions2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31217,201
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31192,449
Total funding amount beforereflecting carryover/prefunding balances2017-12-31192,449
Additional cash requirement2017-12-31192,449
Contributions allocatedtoward minimum required contributions for current year2017-12-31217,201
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: KIDS & FAMILY INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31556,818
Acturial value of plan assets2016-12-31556,818
Active participant vested funding target2016-12-31464,510
Number of active participants2016-12-319
Total funding liabilities for active participants2016-12-31464,510
Total participant count2016-12-319
Total funding target for all participants2016-12-31464,510
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31100,000
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-31100,000
Present value of excess contributions2016-12-3151,689
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3155,209
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3125,000
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31125,760
Total employer contributions2016-12-31192,000
Total employee contributions2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31182,895
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31140,951
Total funding amount beforereflecting carryover/prefunding balances2016-12-31140,951
Additional cash requirement2016-12-31140,951
Contributions allocatedtoward minimum required contributions for current year2016-12-31182,895
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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