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SOUTH SHORE CARLE CONSTRUCTION, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameSOUTH SHORE CARLE CONSTRUCTION, INC. CASH BALANCE PLAN
Plan identification number 003

SOUTH SHORE CARLE CONSTRUCTION, INC. 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).
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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).

401k Sponsoring company profile

SOUTH SHORE CABLE CONSTRUCTION has sponsored the creation of one or more 401k plans.

Company Name:SOUTH SHORE CABLE CONSTRUCTION
Employer identification number (EIN):341616214
NAIC Classification:237100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH SHORE CARLE CONSTRUCTION, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01DANIEL GEIB2022-06-20
0032021-01-01DANIEL GEIB2022-06-10
0032020-01-01DANIEL GEIB2021-05-20
0032019-01-01DANIEL GEIB2020-10-12
0032018-01-01DANIEL GEIB2019-10-08
0032017-01-01DANIEL GEIB2018-10-04
0032016-01-01DANIEL GEIB2017-09-07
0032015-01-01DANIEL GEIB2016-10-12
0032014-01-01DANIEL GEIB2015-10-14
0032013-01-01DANIEL GEIB2014-10-14
0032012-01-01DANIEL GEIB2013-10-14
0032011-01-01DANIEL GEIB2012-10-03
0032010-01-01DANIEL GEIB2011-10-13

Financial Data on SOUTH SHORE CARLE CONSTRUCTION, INC. CASH BALANCE PLAN

Measure Date Value
2022 : SOUTH SHORE CARLE CONSTRUCTION, INC. CASH BALANCE PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-100
Total liabilities as of the end of the plan year2022-06-100
Total liabilities as of the beginning of the plan year2022-06-100
Total expenses incurred by plan in this plan year2022-06-100
Net assets as of the end of the plan year2022-06-103480545
Total assets as of the beginning of the plan year2022-06-102921218
Value of plan covered by a fidelity bond2022-06-10750000
Participant contributions to plan in this plan year2022-06-100
Other expenses paid from plan in this plan year2022-06-100
Other contributions to plan in this plan year2022-06-100
Other income to plan in this plan year2022-06-10504132
Plan net income in this plan year2022-06-10559327
Net assets as of the end of the plan year2022-06-103480545
Net assets as of the beginning of the plan year2022-06-102921218
Employer contributions to plan in this plan year2022-06-1055195
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-100

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