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EMPLOYEE BENEFITS PLAN OF LAKE AREA UNITED WAY, INC. 401k Plan overview

Plan NameEMPLOYEE BENEFITS PLAN OF LAKE AREA UNITED WAY, INC.
Plan identification number 001

EMPLOYEE BENEFITS PLAN OF LAKE AREA UNITED WAY, INC. Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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

LAKE AREA UNITED WAY, INC. has sponsored the creation of one or more 401k plans.

Company Name:LAKE AREA UNITED WAY, INC.
Employer identification number (EIN):237170019
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFITS PLAN OF LAKE AREA UNITED WAY, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01DAVID NICOLE2021-07-16 DAVID NICOLE2021-07-16
0012020-01-01DAVID NICOLE2021-07-16 DAVID NICOLE2021-07-16
0012019-01-01LISA DAUGHERTY2020-10-13
0012018-01-01LISA DAUGHERTY2019-08-28
0012017-01-01RICK CZYZ2018-07-05
0012016-01-01JOE STEPHAN2017-07-17
0012015-01-01JOE STEPHAN2016-07-14
0012014-01-01JOE STEPHAN2015-07-22 JOE STEPHAN2015-07-22
0012013-01-01JOE STEPHAN2014-12-22
0012012-01-01JOE STEPHAN2013-09-05
0012011-01-01JOE STEPHAN2012-08-28
0012010-01-01JOE STEPHAN2011-07-21

Plan Statistics for EMPLOYEE BENEFITS PLAN OF LAKE AREA UNITED WAY, INC.

401k plan membership statisitcs for EMPLOYEE BENEFITS PLAN OF LAKE AREA UNITED WAY, INC.

Measure Date Value
2019: EMPLOYEE BENEFITS PLAN OF LAKE AREA UNITED WAY, INC. 2019 401k membership
Market value of plan assets2019-12-313,495,826
Acturial value of plan assets2019-12-313,697,595
Funding target for retired participants and beneficiaries receiving payment2019-12-313,427,316
Number of terminated vested participants2019-12-3114
Fundng target for terminated vested participants2019-12-31572,795
Active participant vested funding target2019-12-310
Number of active participants2019-12-310
Total funding liabilities for active participants2019-12-310
Total participant count2019-12-3157
Total funding target for all participants2019-12-314,000,111
Balance at beginning of prior year after applicable adjustments2019-12-3133,325
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3185,237
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-3133,325
Prefunding balanced used to offset prior years funding requirement2019-12-3112,818
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3172,419
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 year2019-12-310
Balance of prefunding at beginning of current year2019-12-3168,617
Total employer contributions2019-12-312,107
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 date2019-12-311,994
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 cost2019-12-3121,258
Net shortfall amortization installment of oustanding balance2019-12-31371,133
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3169,613
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-3168,617
Additional cash requirement2019-12-31996
Contributions allocatedtoward minimum required contributions for current year2019-12-311,994
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: EMPLOYEE BENEFITS PLAN OF LAKE AREA UNITED WAY, INC. 2018 401k membership
Market value of plan assets2018-12-313,971,745
Acturial value of plan assets2018-12-313,768,946
Funding target for retired participants and beneficiaries receiving payment2018-12-313,311,307
Number of terminated vested participants2018-12-3116
Fundng target for terminated vested participants2018-12-31553,855
Active participant vested funding target2018-12-310
Number of active participants2018-12-310
Total funding liabilities for active participants2018-12-310
Total participant count2018-12-3159
Total funding target for all participants2018-12-313,865,162
Balance at beginning of prior year after applicable adjustments2018-12-3163,386
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3174,691
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-3134,184
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-3129,202
Amount remaining of prefunding balance2018-12-3174,691
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 prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-3133,325
Balance of prefunding at beginning of current year2018-12-3185,237
Total employer contributions2018-12-3125,638
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 date2018-12-3124,578
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 cost2018-12-3135,659
Net shortfall amortization installment of oustanding balance2018-12-31214,778
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3170,721
Carryover balance elected to use to offset funding requirement2018-12-3133,325
Prefunding balance elected to use to offset funding requirement2018-12-3112,818
Additional cash requirement2018-12-3124,578
Contributions allocatedtoward minimum required contributions for current year2018-12-3124,578
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: EMPLOYEE BENEFITS PLAN OF LAKE AREA UNITED WAY, INC. 2017 401k membership
Market value of plan assets2017-12-313,816,183
Acturial value of plan assets2017-12-313,867,438
Funding target for retired participants and beneficiaries receiving payment2017-12-313,227,047
Number of terminated vested participants2017-12-3125
Fundng target for terminated vested participants2017-12-31609,440
Active participant vested funding target2017-12-310
Number of active participants2017-12-310
Total funding liabilities for active participants2017-12-310
Total participant count2017-12-3166
Total funding target for all participants2017-12-313,836,487
Balance at beginning of prior year after applicable adjustments2017-12-3158,696
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3169,165
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 balance2017-12-3158,696
Amount remaining of prefunding balance2017-12-3169,165
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-3163,386
Balance of prefunding at beginning of current year2017-12-3174,691
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 cost2017-12-3134,184
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3134,184
Carryover balance elected to use to offset funding requirement2017-12-3134,184
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: EMPLOYEE BENEFITS PLAN OF LAKE AREA UNITED WAY, INC. 2016 401k membership
Market value of plan assets2016-12-313,810,078
Acturial value of plan assets2016-12-313,976,457
Funding target for retired participants and beneficiaries receiving payment2016-12-313,017,677
Number of terminated vested participants2016-12-3127
Fundng target for terminated vested participants2016-12-31736,534
Active participant vested funding target2016-12-310
Number of active participants2016-12-310
Total funding liabilities for active participants2016-12-310
Total participant count2016-12-3166
Total funding target for all participants2016-12-313,754,211
Balance at beginning of prior year after applicable adjustments2016-12-3158,474
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3127,767
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 balance2016-12-3158,474
Amount remaining of prefunding balance2016-12-3127,767
Present value of excess contributions2016-12-3138,834
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3141,292
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3141,292
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 year2016-12-3158,696
Balance of prefunding at beginning of current year2016-12-3169,165
Total employer contributions2016-12-310
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 date2016-12-310
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 cost2016-12-3138,080
Net shortfall amortization installment of oustanding 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 year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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