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THE CENTER FOR GENERATIONAL KINETICS, LLC CASH BALANCE PLAN 401k Plan overview

Plan NameTHE CENTER FOR GENERATIONAL KINETICS, LLC CASH BALANCE PLAN
Plan identification number 002

THE CENTER FOR GENERATIONAL KINETICS, LLC CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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).
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

THE CENTER FOR GENERATIONAL KINETICS, LLC has sponsored the creation of one or more 401k plans.

Company Name:THE CENTER FOR GENERATIONAL KINETICS, LLC
Employer identification number (EIN):272585648
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Additional information about THE CENTER FOR GENERATIONAL KINETICS, LLC

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2010-04-30
Company Identification Number: 0801263623
Legal Registered Office Address: PO BOX 29226

AUSTIN
United States of America (USA)
78755

More information about THE CENTER FOR GENERATIONAL KINETICS, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CENTER FOR GENERATIONAL KINETICS, LLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01DENISE VILLA2023-07-24
0022021-01-01DENISE VILLA2022-08-09
0022020-01-01DENISE VILLA2021-10-07
0022019-01-01DENISE VILLA2020-10-13
0022018-01-01DENISE VILLA2019-10-06
0022017-01-01DENISE VILLA2018-06-29
0022016-01-01DENISE VILLA2017-10-04
0022015-01-01DENISE VILLA2016-09-15

Plan Statistics for THE CENTER FOR GENERATIONAL KINETICS, LLC CASH BALANCE PLAN

401k plan membership statisitcs for THE CENTER FOR GENERATIONAL KINETICS, LLC CASH BALANCE PLAN

Measure Date Value
2022: THE CENTER FOR GENERATIONAL KINETICS, LLC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-312,233,212
Acturial value of plan assets2022-12-312,233,212
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-313
Fundng target for terminated vested participants2022-12-318,123
Active participant vested funding target2022-12-311,301,745
Number of active participants2022-12-314
Total funding liabilities for active participants2022-12-311,301,745
Total participant count2022-12-317
Total funding target for all participants2022-12-311,309,868
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3179,826
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 balance2022-12-3179,826
Present value of excess contributions2022-12-31468,084
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31494,812
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
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 year2022-12-3175,531
Total employer contributions2022-12-31750,000
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 date2022-12-31712,205
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 cost2022-12-31160,710
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Waived amount of outstanding balance2022-12-310
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 year2022-12-31712,205
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: THE CENTER FOR GENERATIONAL KINETICS, LLC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-311,840,559
Acturial value of plan assets2021-12-311,840,559
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-314
Fundng target for terminated vested participants2021-12-319,641
Active participant vested funding target2021-12-311,045,036
Number of active participants2021-12-315
Total funding liabilities for active participants2021-12-311,045,036
Total participant count2021-12-319
Total funding target for all participants2021-12-311,054,677
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3172,668
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 balance2021-12-3172,668
Present value of excess contributions2021-12-31494,422
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31521,912
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 year2021-12-3179,826
Total employer contributions2021-12-31500,167
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 date2021-12-31468,084
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 cost2021-12-31151,977
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31468,084
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: THE CENTER FOR GENERATIONAL KINETICS, LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,197,825
Acturial value of plan assets2020-12-311,197,825
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-314
Fundng target for terminated vested participants2020-12-319,095
Active participant vested funding target2020-12-31866,240
Number of active participants2020-12-314
Total funding liabilities for active participants2020-12-31866,240
Total participant count2020-12-318
Total funding target for all participants2020-12-31875,335
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3169,393
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 balance2020-12-3169,393
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
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 year2020-12-3172,668
Total employer contributions2020-12-31523,833
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 date2020-12-31494,422
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 cost2020-12-311,343
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31494,422
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: THE CENTER FOR GENERATIONAL KINETICS, LLC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,141,148
Acturial value of plan assets2019-12-311,141,148
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 target2019-12-31635,605
Number of active participants2019-12-3110
Total funding liabilities for active participants2019-12-31639,101
Total participant count2019-12-3110
Total funding target for all participants2019-12-31639,101
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31164,281
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-3197,033
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3167,248
Present value of excess contributions2019-12-31442,617
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31468,687
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 year2019-12-3169,393
Total employer contributions2019-12-310
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 date2019-12-310
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 cost2019-12-31171,808
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: THE CENTER FOR GENERATIONAL KINETICS, LLC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31635,389
Acturial value of plan assets2018-12-31635,389
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-312,228
Active participant vested funding target2018-12-31420,987
Number of active participants2018-12-316
Total funding liabilities for active participants2018-12-31421,620
Total participant count2018-12-317
Total funding target for all participants2018-12-31423,848
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31153,433
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 balance2018-12-31153,433
Present value of excess contributions2018-12-3195,737
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31101,941
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
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 year2018-12-31164,281
Total employer contributions2018-12-31498,896
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 date2018-12-31458,207
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 cost2018-12-31159,883
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31112,623
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-3197,033
Additional cash requirement2018-12-3115,590
Contributions allocatedtoward minimum required contributions for current year2018-12-31458,207
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: THE CENTER FOR GENERATIONAL KINETICS, LLC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31361,204
Acturial value of plan assets2017-12-31361,204
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 target2017-12-310
Number of active participants2017-12-316
Total funding liabilities for active participants2017-12-31216,659
Total participant count2017-12-316
Total funding target for all participants2017-12-31216,659
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3180,678
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 balance2017-12-3180,678
Present value of excess contributions2017-12-3168,264
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3172,804
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3172,803
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 year2017-12-31153,433
Total employer contributions2017-12-31253,732
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 date2017-12-31233,673
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 cost2017-12-31137,936
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31137,936
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31137,936
Contributions allocatedtoward minimum required contributions for current year2017-12-31233,673
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: THE CENTER FOR GENERATIONAL KINETICS, LLC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31180,770
Acturial value of plan assets2016-12-31180,770
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 target2016-12-310
Number of active participants2016-12-315
Total funding liabilities for active participants2016-12-3168,549
Total participant count2016-12-315
Total funding target for all participants2016-12-3168,549
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-310
Present value of excess contributions2016-12-3175,534
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3180,678
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3180,678
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 year2016-12-310
Balance of prefunding at beginning of current year2016-12-3180,678
Total employer contributions2016-12-31180,000
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 date2016-12-31164,309
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 cost2016-12-31127,588
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3196,045
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3196,045
Contributions allocatedtoward minimum required contributions for current year2016-12-31164,309
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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