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NEW YORK CITY REGIONAL CENTER, LLC CASH BALANCE PLAN 401k Plan overview

Plan NameNEW YORK CITY REGIONAL CENTER, LLC CASH BALANCE PLAN
Plan identification number 001

NEW YORK CITY REGIONAL CENTER, LLC 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).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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).

401k Sponsoring company profile

NEW YORK CITY REGIONAL CENTER, LLC has sponsored the creation of one or more 401k plans.

Company Name:NEW YORK CITY REGIONAL CENTER, LLC
Employer identification number (EIN):262686201
NAIC Classification:523900

Additional information about NEW YORK CITY REGIONAL CENTER, LLC

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 2008-05-09
Company Identification Number: 3669824
Legal Registered Office Address: C/O GEORGE OLSEN,PC
99 HUDSON STREET 15TH FLOOR
NEW YORK
United States of America (USA)
10013

More information about NEW YORK CITY REGIONAL CENTER, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW YORK CITY REGIONAL CENTER, LLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01GEORGE L. OLSEN2015-10-15
0012013-01-01GEORGE L. OLSEN2014-10-14
0012012-01-01GEORGE L. OLSEN2013-10-08
0012011-01-01GEORGE L. OLSEN2012-10-12

Plan Statistics for NEW YORK CITY REGIONAL CENTER, LLC CASH BALANCE PLAN

401k plan membership statisitcs for NEW YORK CITY REGIONAL CENTER, LLC CASH BALANCE PLAN

Measure Date Value
2020: NEW YORK CITY REGIONAL CENTER, LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-08-311,432,773
Acturial value of plan assets2020-08-311,432,773
Funding target for retired participants and beneficiaries receiving payment2020-08-310
Number of terminated vested participants2020-08-310
Fundng target for terminated vested participants2020-08-310
Active participant vested funding target2020-08-311,186,214
Number of active participants2020-08-316
Total funding liabilities for active participants2020-08-311,186,214
Total participant count2020-08-316
Total funding target for all participants2020-08-311,186,214
Balance at beginning of prior year after applicable adjustments2020-08-310
Prefunding balance at beginning of prior year after applicable adjustments2020-08-31316,396
Carryover balanced portion elected for use to offset prior years funding requirement2020-08-310
Prefunding balanced used to offset prior years funding requirement2020-08-310
Amount remaining of carryover balance2020-08-310
Amount remaining of prefunding balance2020-08-31316,396
Present value of excess contributions2020-08-314,869
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-08-315,129
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-08-315,129
Reductions in caryover balances due to elections or deemed elections2020-08-310
Reductions in prefunding balances due to elections or deemed elections2020-08-31352,627
Balance of carryovers at beginning of current year2020-08-310
Balance of prefunding at beginning of current year2020-08-310
Total employer contributions2020-08-310
Total employee contributions2020-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-08-310
Contributions made to avoid restrictions adjusted to valuation date2020-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-08-310
Liquidity shortfalls end of Q12020-08-310
Liquidity shortfalls end of Q22020-08-310
Liquidity shortfalls end of Q32020-08-310
Liquidity shortfalls end of Q42020-08-310
Unpaid minimum required contributions for all prior years2020-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-08-310
Remaining amount of unpaid minimum required contributions2020-08-310
Minimum required contributions for current year target normal cost2020-08-313,887
Net shortfall amortization installment of oustanding balance2020-08-310
Waiver amortization installment2020-08-310
Total funding amount beforereflecting carryover/prefunding balances2020-08-310
Carryover balance elected to use to offset funding requirement2020-08-310
Prefunding balance elected to use to offset funding requirement2020-08-310
Additional cash requirement2020-08-310
Contributions allocatedtoward minimum required contributions for current year2020-08-310
Unpaid minimum required contributions for current year2020-08-310
Unpaid minimum required contributions for all years2020-08-310
2019: NEW YORK CITY REGIONAL CENTER, LLC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,449,598
Acturial value of plan assets2019-12-311,449,598
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 target2019-12-311,270,369
Number of active participants2019-12-316
Total funding liabilities for active participants2019-12-311,273,595
Total participant count2019-12-316
Total funding target for all participants2019-12-311,273,595
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31300,441
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 balance2019-12-31300,441
Present value of excess contributions2019-12-317,320
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-317,723
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-317,723
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 year2019-12-31316,396
Total employer contributions2019-12-31131,182
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 date2019-12-31120,390
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 cost2019-12-31115,521
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31115,521
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31115,521
Contributions allocatedtoward minimum required contributions for current year2019-12-31120,390
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: NEW YORK CITY REGIONAL CENTER, LLC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,303,628
Acturial value of plan assets2018-12-311,303,628
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 target2018-12-311,093,640
Number of active participants2018-12-316
Total funding liabilities for active participants2018-12-311,093,640
Total participant count2018-12-316
Total funding target for all participants2018-12-311,093,640
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31266,188
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 balance2018-12-31266,188
Present value of excess contributions2018-12-3122,257
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3123,526
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3123,526
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 year2018-12-31300,441
Total employer contributions2018-12-31418,304
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 date2018-12-31374,875
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
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 cost2018-12-31367,555
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31367,555
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31367,555
Contributions allocatedtoward minimum required contributions for current year2018-12-31374,875
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: NEW YORK CITY REGIONAL CENTER, LLC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-311,146,320
Acturial value of plan assets2017-12-311,146,320
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 target2017-12-31928,013
Number of active participants2017-12-315
Total funding liabilities for active participants2017-12-31928,013
Total participant count2017-12-315
Total funding target for all participants2017-12-31928,013
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31246,561
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 balance2017-12-31246,561
Present value of excess contributions2017-12-31211
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31223
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31223
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 year2017-12-31266,188
Total employer contributions2017-12-31405,086
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 date2017-12-31377,171
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
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 cost2017-12-31354,914
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31354,914
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31354,914
Contributions allocatedtoward minimum required contributions for current year2017-12-31377,171
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: NEW YORK CITY REGIONAL CENTER, LLC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-312,087,677
Acturial value of plan assets2016-12-312,087,677
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 target2016-12-311,907,207
Number of active participants2016-12-315
Total funding liabilities for active participants2016-12-311,908,818
Total participant count2016-12-315
Total funding target for all participants2016-12-311,908,818
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31109,232
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 balance2016-12-31109,232
Present value of excess contributions2016-12-31127,151
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31134,653
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31134,653
Reductions in caryover 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 year2016-12-31246,561
Total employer contributions2016-12-31394,445
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 date2016-12-31345,804
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 cost2016-12-31345,593
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 balances2016-12-31345,593
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31345,593
Contributions allocatedtoward minimum required contributions for current year2016-12-31345,804
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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