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ELECTRICAL CONTRACTING SOLUTIONS, LLC CASH BALANCE PLAN 401k Plan overview

Plan NameELECTRICAL CONTRACTING SOLUTIONS, LLC CASH BALANCE PLAN
Plan identification number 002

ELECTRICAL CONTRACTING SOLUTIONS, 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).
  • 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).
  • Plan covering Self-Employed individuals.
  • 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

ELECTRICAL CONTRACTING SOLUTIONS, LLC has sponsored the creation of one or more 401k plans.

Company Name:ELECTRICAL CONTRACTING SOLUTIONS, LLC
Employer identification number (EIN):273453521
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Additional information about ELECTRICAL CONTRACTING SOLUTIONS, LLC

Jurisdiction of Incorporation: New Jersey Division of Revenue and Enterprise Services
Incorporation Date:
Company Identification Number: 0400369751

More information about ELECTRICAL CONTRACTING SOLUTIONS, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ELECTRICAL CONTRACTING SOLUTIONS, LLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01JOSEPH L RUSSO2021-03-25
0022019-01-01JOSEPH L RUSSO2020-09-01
0022018-01-01JOSEPH L RUSSO2019-10-11
0022017-01-01JOSEPH L RUSSO2018-10-08
0022016-01-01JOSEPH L RUSSO2017-07-25
0022015-01-01JOSEPH L RUSSO2016-07-22

Plan Statistics for ELECTRICAL CONTRACTING SOLUTIONS, LLC CASH BALANCE PLAN

401k plan membership statisitcs for ELECTRICAL CONTRACTING SOLUTIONS, LLC CASH BALANCE PLAN

Measure Date Value
2020: ELECTRICAL CONTRACTING SOLUTIONS, LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-31448,340
Acturial value of plan assets2020-12-31448,340
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-31435,390
Number of active participants2020-12-314
Total funding liabilities for active participants2020-12-31435,390
Total participant count2020-12-314
Total funding target for all participants2020-12-31435,390
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-310
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 date2020-12-310
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 cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: ELECTRICAL CONTRACTING SOLUTIONS, LLC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31381,033
Acturial value of plan assets2019-12-31381,033
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 target2019-12-31374,727
Number of active participants2019-12-314
Total funding liabilities for active participants2019-12-31374,727
Total participant count2019-12-314
Total funding target for all participants2019-12-31374,727
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3141,729
Prefunding balanced used to offset prior years funding requirement2019-12-3141,686
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3143
Reductions in prefunding balances due to elections or deemed elections2019-12-3141
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
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 cost2019-12-314,200
Net shortfall amortization installment of oustanding balance2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
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: ELECTRICAL CONTRACTING SOLUTIONS, LLC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31346,542
Acturial value of plan assets2018-12-31346,542
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 target2018-12-31292,733
Number of active participants2018-12-314
Total funding liabilities for active participants2018-12-31297,132
Total participant count2018-12-314
Total funding target for all participants2018-12-31297,132
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3126,473
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-3126,473
Present value of excess contributions2018-12-3112,000
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3112,688
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3112,688
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 year2018-12-3141,729
Total employer contributions2018-12-3147,400
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 date2018-12-3143,258
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 cost2018-12-3192,625
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Waived amount of outstanding balance2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3184,944
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-3141,686
Additional cash requirement2018-12-3143,258
Contributions allocatedtoward minimum required contributions for current year2018-12-3143,258
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: ELECTRICAL CONTRACTING SOLUTIONS, LLC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31214,620
Acturial value of plan assets2017-12-31214,620
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 participants2017-12-315
Total funding liabilities for active participants2017-12-31185,170
Total participant count2017-12-315
Total funding target for all participants2017-12-31185,170
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-3124,989
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3126,473
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3126,473
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-3126,473
Total employer contributions2017-12-31105,548
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 date2017-12-3197,986
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 cost2017-12-3188,963
Net shortfall amortization installment of oustanding balance2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3185,986
Additional cash requirement2017-12-3185,986
Contributions allocatedtoward minimum required contributions for current year2017-12-3197,986
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: ELECTRICAL CONTRACTING SOLUTIONS, LLC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31100,866
Acturial value of plan assets2016-12-31100,866
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 participants2016-12-314
Total funding liabilities for active participants2016-12-3187,699
Total participant count2016-12-314
Total funding target for all participants2016-12-3187,699
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 contributions2016-12-3115,037
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3115,959
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3115,959
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-3115,959
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31105,369
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 date2016-12-3197,403
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 cost2016-12-3185,581
Net shortfall amortization installment of oustanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3172,414
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3172,414
Contributions allocatedtoward minimum required contributions for current year2016-12-3197,403
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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