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SHARON & KALNOKI, LLC DEFINED BENEFIT PENSION PLAN AND TRUST 401k Plan overview

Plan NameSHARON & KALNOKI, LLC DEFINED BENEFIT PENSION PLAN AND TRUST
Plan identification number 003

SHARON & KALNOKI, LLC DEFINED BENEFIT PENSION PLAN AND TRUST 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.

401k Sponsoring company profile

MARTIN JOLIC & ASSOCIATES, LLC has sponsored the creation of one or more 401k plans.

Company Name:MARTIN JOLIC & ASSOCIATES, LLC
Employer identification number (EIN):341934942
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Additional information about MARTIN JOLIC & ASSOCIATES, LLC

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 2000-08-17
Company Identification Number: 1176122
Legal Registered Office Address: 6611 ROCKSIDE ROAD
SUITE 225
CLEVELAND
United States of America (USA)
44131

More information about MARTIN JOLIC & ASSOCIATES, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SHARON & KALNOKI, LLC DEFINED BENEFIT PENSION PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032019-01-01MICHAEL SHARON2020-10-15
0032018-01-01MICHAEL SHARON2019-10-08
0032017-01-01MICHAEL SHARON2018-07-17
0032016-01-01MICHAEL SHARON2017-07-27
0032015-01-01MICHAEL SHARON2016-06-30
0032014-01-01MICHAEL SHARON2015-09-18
0032013-01-01MICHAEL SHARON2014-10-07
0032012-01-01MICHAEL SHARON2013-09-17
0032011-01-01MICHAEL SHARON2012-10-03
0032010-01-01MICHAEL SHARON2011-10-05

Plan Statistics for SHARON & KALNOKI, LLC DEFINED BENEFIT PENSION PLAN AND TRUST

401k plan membership statisitcs for SHARON & KALNOKI, LLC DEFINED BENEFIT PENSION PLAN AND TRUST

Measure Date Value
2019: SHARON & KALNOKI, LLC DEFINED BENEFIT PENSION PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-12-122,495,686
Acturial value of plan assets2019-12-122,495,686
Funding target for retired participants and beneficiaries receiving payment2019-12-120
Number of terminated vested participants2019-12-123
Fundng target for terminated vested participants2019-12-122,497,343
Active participant vested funding target2019-12-127,571
Number of active participants2019-12-122
Total funding liabilities for active participants2019-12-127,636
Total participant count2019-12-125
Total funding target for all participants2019-12-122,504,979
Balance at beginning of prior year after applicable adjustments2019-12-120
Prefunding balance at beginning of prior year after applicable adjustments2019-12-120
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-120
Prefunding balanced used to offset prior years funding requirement2019-12-120
Amount remaining of carryover balance2019-12-120
Amount remaining of prefunding balance2019-12-120
Present value of excess contributions2019-12-12146
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-12152
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-120
Reductions in caryover balances due to elections or deemed elections2019-12-120
Reductions in prefunding balances due to elections or deemed elections2019-12-120
Balance of carryovers at beginning of current year2019-12-120
Balance of prefunding at beginning of current year2019-12-120
Total employer contributions2019-12-121,740
Total employee contributions2019-12-120
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-120
Contributions made to avoid restrictions adjusted to valuation date2019-12-120
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-121,659
Unpaid minimum required contributions for all prior years2019-12-120
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-120
Remaining amount of unpaid minimum required contributions2019-12-120
Minimum required contributions for current year target normal cost2019-12-120
Net shortfall amortization installment of oustanding balance2019-12-129,293
Waiver amortization installment2019-12-120
Total funding amount beforereflecting carryover/prefunding balances2019-12-121,658
Additional cash requirement2019-12-121,658
Contributions allocatedtoward minimum required contributions for current year2019-12-121,659
Unpaid minimum required contributions for current year2019-12-120
Unpaid minimum required contributions for all years2019-12-120
2018: SHARON & KALNOKI, LLC DEFINED BENEFIT PENSION PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-12-312,488,097
Acturial value of plan assets2018-12-312,488,097
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-313
Fundng target for terminated vested participants2018-12-312,491,198
Active participant vested funding target2018-12-314,535
Number of active participants2018-12-312
Total funding liabilities for active participants2018-12-314,535
Total participant count2018-12-315
Total funding target for all participants2018-12-312,495,733
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 contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
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 year2018-12-310
Total employer contributions2018-12-317,647
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 date2018-12-317,589
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 cost2018-12-316,196
Net shortfall amortization installment of oustanding balance2018-12-317,636
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-317,443
Additional cash requirement2018-12-317,443
Contributions allocatedtoward minimum required contributions for current year2018-12-317,589
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: SHARON & KALNOKI, LLC DEFINED BENEFIT PENSION PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-12-312,491,803
Acturial value of plan assets2017-12-312,491,803
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-31467
Active participant vested funding target2017-12-312,384,672
Number of active participants2017-12-313
Total funding liabilities for active participants2017-12-312,384,672
Total participant count2017-12-315
Total funding target for all participants2017-12-312,385,139
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
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 balance2017-12-310
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 contributions2017-12-310
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 date2017-12-310
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 cost2017-12-315,753
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: SHARON & KALNOKI, LLC DEFINED BENEFIT PENSION PLAN AND TRUST 2016 401k membership
Market value of plan assets2016-12-312,488,610
Acturial value of plan assets2016-12-312,488,610
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-312
Fundng target for terminated vested participants2016-12-31346
Active participant vested funding target2016-12-312,269,993
Number of active participants2016-12-312
Total funding liabilities for active participants2016-12-312,269,993
Total participant count2016-12-314
Total funding target for all participants2016-12-312,270,339
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 contributions2016-12-310
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 elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-310
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 date2016-12-310
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 cost2016-12-311,819
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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