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SOUTH BAY SEARCH CASH BALANCE PLAN 401k Plan overview

Plan NameSOUTH BAY SEARCH CASH BALANCE PLAN
Plan identification number 002

SOUTH BAY SEARCH CASH BALANCE PLAN Benefits

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

401k Sponsoring company profile

SOUTH BAY SEARCH has sponsored the creation of one or more 401k plans.

Company Name:SOUTH BAY SEARCH
Employer identification number (EIN):330663697
NAIC Classification:561300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH BAY SEARCH CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01DALE STEVENS2024-10-15
0022022-01-01DALE STEVENS2023-10-16

Plan Statistics for SOUTH BAY SEARCH CASH BALANCE PLAN

401k plan membership statisitcs for SOUTH BAY SEARCH CASH BALANCE PLAN

Measure Date Value
2025: SOUTH BAY SEARCH CASH BALANCE PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-158
Total number of particpants at end of year2025-10-1511
2024: SOUTH BAY SEARCH CASH BALANCE PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-166
Total number of particpants at end of year2024-10-168

Financial Data on SOUTH BAY SEARCH CASH BALANCE PLAN

Measure Date Value
2025 : SOUTH BAY SEARCH CASH BALANCE PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-10-150
Total expenses incurred by plan in this plan year2025-10-150
Net assets as of the end of the plan year2025-10-15734354
Total assets as of the beginning of the plan year2025-10-15480315
Value of plan covered by a fidelity bond2025-10-1550000
Other income to plan in this plan year2025-10-1528819
Plan net income in this plan year2025-10-15254039
Net assets as of the end of the plan year2025-10-15734354
Net assets as of the beginning of the plan year2025-10-15480315
Employer contributions to plan in this plan year2025-10-15225220
2024 : SOUTH BAY SEARCH CASH BALANCE PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-160
Net assets as of the end of the plan year2024-10-16480315
Total assets as of the beginning of the plan year2024-10-16234002
Value of plan covered by a fidelity bond2024-10-1650000
Other income to plan in this plan year2024-10-1612311
Plan net income in this plan year2024-10-16246313
Net assets as of the end of the plan year2024-10-16480315
Net assets as of the beginning of the plan year2024-10-16234002
Employer contributions to plan in this plan year2024-10-16234002

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