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JONES & JONES CONSULTING CORPORATION DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameJONES & JONES CONSULTING CORPORATION DEFINED BENEFIT PENSION PLAN
Plan identification number 001

JONES & JONES CONSULTING CORPORATION DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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

JONES & JONES CONSULTING CORPORATIO has sponsored the creation of one or more 401k plans.

Company Name:JONES & JONES CONSULTING CORPORATIO
Employer identification number (EIN):271629939
NAIC Classification:541512
NAIC Description:Computer Systems Design Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JONES & JONES CONSULTING CORPORATION DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01JEFF JONES2020-08-07

Plan Statistics for JONES & JONES CONSULTING CORPORATION DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for JONES & JONES CONSULTING CORPORATION DEFINED BENEFIT PENSION PLAN

Measure Date Value
2019: JONES & JONES CONSULTING CORPORATION DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-310
Acturial value of plan assets2019-12-310
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 target2019-12-310
Number of active participants2019-12-311
Total funding liabilities for active participants2019-12-31293,092
Total participant count2019-12-311
Total funding target for all participants2019-12-31293,092
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
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
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31270,000
Total employee contributions2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31248,469
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-316,661
Net shortfall amortization installment of oustanding balance2019-12-31293,092
Total funding amount beforereflecting carryover/prefunding balances2019-12-3154,285
Additional cash requirement2019-12-3154,285
Contributions allocatedtoward minimum required contributions for current year2019-12-31248,469
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310

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