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J & L ELECTRICAL COMMUNICATIONS GROUP INC. DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameJ & L ELECTRICAL COMMUNICATIONS GROUP INC. DEFINED BENEFIT PENSION PLAN
Plan identification number 002

J & L ELECTRICAL COMMUNICATIONS GROUP INC. DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • 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

J & L ELECTRICAL COMMUNICATIONS GROUP INC. has sponsored the creation of one or more 401k plans.

Company Name:J & L ELECTRICAL COMMUNICATIONS GROUP INC.
Employer identification number (EIN):320152734
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan J & L ELECTRICAL COMMUNICATIONS GROUP INC. DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01GEORGE GARCIA2023-10-02
0022021-01-01GEORGE GARCIA2022-10-10
0022020-01-01GEORGE GARCIA2021-10-06
0022019-01-01GEORGE GARCIA2020-10-06
0022018-01-01GEORGE GARCIA2019-10-04
0022017-01-01GEORGE GARCIA2018-10-11
0022016-01-01GEORGE GARCIA2017-10-09
0022015-01-01GEORGE GARCIA2016-10-17
0022014-01-01GEORGE GARCIA2015-10-14
0022013-01-01GEORGE GARCIA2014-10-02

Plan Statistics for J & L ELECTRICAL COMMUNICATIONS GROUP INC. DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for J & L ELECTRICAL COMMUNICATIONS GROUP INC. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2022: J & L ELECTRICAL COMMUNICATIONS GROUP INC. DEFINED BENEFIT PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-314,515,908
Acturial value of plan assets2022-12-314,515,908
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-310
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-313,340,992
Number of active participants2022-12-319
Total funding liabilities for active participants2022-12-313,340,992
Total participant count2022-12-319
Total funding target for all participants2022-12-313,340,992
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31187,735
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 balance2022-12-31187,735
Present value of excess contributions2022-12-31735,993
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31777,282
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-31777,282
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 year2022-12-31994,135
Total employer contributions2022-12-31600,000
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 date2022-12-31549,824
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 cost2022-12-3124,365
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
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 year2022-12-31549,824
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: J & L ELECTRICAL COMMUNICATIONS GROUP INC. DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-313,267,153
Acturial value of plan assets2021-12-313,267,153
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-313,079,418
Number of active participants2021-12-319
Total funding liabilities for active participants2021-12-313,079,418
Total participant count2021-12-319
Total funding target for all participants2021-12-313,079,418
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-312,362
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 balance2021-12-312,362
Present value of excess contributions2021-12-31182,187
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31192,171
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-31192,171
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-317,062
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31187,735
Total employer contributions2021-12-31799,999
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 date2021-12-31745,256
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 cost2021-12-319,263
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-319,263
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-319,263
Contributions allocatedtoward minimum required contributions for current year2021-12-31745,256
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: J & L ELECTRICAL COMMUNICATIONS GROUP INC. DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-312,672,386
Acturial value of plan assets2020-12-312,672,386
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 target2020-12-312,970,884
Number of active participants2020-12-3110
Total funding liabilities for active participants2020-12-312,970,884
Total participant count2020-12-3110
Total funding target for all participants2020-12-312,970,884
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3132,028
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-3129,963
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-312,065
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 year2020-12-312,362
Total employer contributions2020-12-31319,605
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 date2020-12-31289,589
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 cost2020-12-318,519
Net shortfall amortization installment of oustanding balance2020-12-31300,860
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31107,402
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31107,402
Contributions allocatedtoward minimum required contributions for current year2020-12-31289,589
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: J & L ELECTRICAL COMMUNICATIONS GROUP INC. DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-312,227,461
Acturial value of plan assets2019-12-312,227,461
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 target2019-12-312,744,291
Number of active participants2019-12-3110
Total funding liabilities for active participants2019-12-312,744,291
Total participant count2019-12-3110
Total funding target for all participants2019-12-312,744,291
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-316,325
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-316,325
Present value of excess contributions2019-12-3137,179
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3139,358
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-3139,358
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-3113,635
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-3132,028
Total employer contributions2019-12-31140,736
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 date2019-12-31124,922
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 cost2019-12-318,084
Net shortfall amortization installment of oustanding balance2019-12-31548,858
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31154,885
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-3129,963
Additional cash requirement2019-12-31124,922
Contributions allocatedtoward minimum required contributions for current year2019-12-31124,922
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: J & L ELECTRICAL COMMUNICATIONS GROUP INC. DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-312,066,252
Acturial value of plan assets2018-12-312,066,252
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 target2018-12-312,529,927
Number of active participants2018-12-312
Total funding liabilities for active participants2018-12-312,529,927
Total participant count2018-12-312
Total funding target for all participants2018-12-312,529,927
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
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 balance2018-12-310
Present value of excess contributions2018-12-315,964
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-316,325
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-316,325
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 year2018-12-316,325
Total employer contributions2018-12-31173,818
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 date2018-12-31159,702
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 cost2018-12-314,917
Net shortfall amortization installment of oustanding balance2018-12-31470,000
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31122,523
Additional cash requirement2018-12-31122,523
Contributions allocatedtoward minimum required contributions for current year2018-12-31159,702
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: J & L ELECTRICAL COMMUNICATIONS GROUP INC. DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-311,538,192
Acturial value of plan assets2017-12-311,538,192
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 target2017-12-312,252,002
Number of active participants2017-12-312
Total funding liabilities for active participants2017-12-312,252,002
Total participant count2017-12-312
Total funding target for all participants2017-12-312,252,002
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3118,366
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-3118,366
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
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 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 year2017-12-310
Total employer contributions2017-12-31160,259
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 date2017-12-31147,486
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 cost2017-12-311,595
Net shortfall amortization installment of oustanding balance2017-12-31713,810
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31141,522
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31141,522
Contributions allocatedtoward minimum required contributions for current year2017-12-31147,486
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: J & L ELECTRICAL COMMUNICATIONS GROUP INC. DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-311,658,938
Acturial value of plan assets2016-12-311,658,938
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 target2016-12-312,050,715
Number of active participants2016-12-317
Total funding liabilities for active participants2016-12-312,050,715
Total participant count2016-12-317
Total funding target for all participants2016-12-312,050,715
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3145,812
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-3117,515
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3128,297
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-3111,482
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-3118,366
Total employer contributions2016-12-3173,931
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 date2016-12-3163,555
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 cost2016-12-311,759
Net shortfall amortization installment of oustanding balance2016-12-31410,143
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3181,921
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-3118,366
Additional cash requirement2016-12-3163,555
Contributions allocatedtoward minimum required contributions for current year2016-12-3163,555
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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