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PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION 401k Plan overview

Plan NamePENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION
Plan identification number 001

PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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

CHICAGO HURON PARTNERS ATTN DAVID J. BUFFAM has sponsored the creation of one or more 401k plans.

Company Name:CHICAGO HURON PARTNERS ATTN DAVID J. BUFFAM
Employer identification number (EIN):362823733
NAIC Classification:721110
NAIC Description:Hotels (except Casino Hotels) and Motels

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JEREMY BUFFAM2023-09-28
0012021-01-01JEREMY BUFFAM2022-09-30
0012020-01-01JEREMY BUFFAM2021-07-20
0012019-01-01JEREMY BUFFAM2020-07-22
0012018-01-01DAVID J. BUFFAM2019-06-25
0012017-01-01DAVID J. BUFFAM2018-07-10
0012016-01-01DAVID J. BUFFAM2017-10-11
0012015-01-01DAVID J. BUFFAM2016-09-01
0012014-01-01DAVID J. BUFFAM2015-08-19
0012013-01-01DAVID J. BUFFAM2014-10-02
0012012-01-01DAVID J. BUFFAM2013-10-07
0012011-01-01DAVID J. BUFFAM2012-10-12
0012010-01-01DAVID J. BUFFAM2011-10-17
0012009-01-01DAVID J. BUFFAM
0012009-01-01DAVID J. BUFFAM

Plan Statistics for PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION

401k plan membership statisitcs for PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION

Measure Date Value
2022: PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION 2022 401k membership
Market value of plan assets2022-12-31533,730
Acturial value of plan assets2022-12-31533,730
Funding target for retired participants and beneficiaries receiving payment2022-12-31343,899
Number of terminated vested participants2022-12-314
Fundng target for terminated vested participants2022-12-3187,591
Active participant vested funding target2022-12-310
Number of active participants2022-12-310
Total funding liabilities for active participants2022-12-310
Total participant count2022-12-3121
Total funding target for all participants2022-12-31431,490
Balance at beginning of prior year after applicable adjustments2022-12-311,114
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
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 balance2022-12-311,114
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
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 year2022-12-311,262
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-310
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 date2022-12-310
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 cost2022-12-310
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 year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION 2021 401k membership
Market value of plan assets2021-12-31505,227
Acturial value of plan assets2021-12-31505,227
Funding target for retired participants and beneficiaries receiving payment2021-12-31351,515
Number of terminated vested participants2021-12-314
Fundng target for terminated vested participants2021-12-3180,877
Active participant vested funding target2021-12-310
Number of active participants2021-12-310
Total funding liabilities for active participants2021-12-310
Total participant count2021-12-3121
Total funding target for all participants2021-12-31432,392
Balance at beginning of prior year after applicable adjustments2021-12-31979
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
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 balance2021-12-31979
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-311,114
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-310
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 date2021-12-310
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 cost2021-12-310
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION 2020 401k membership
Market value of plan assets2020-12-31481,659
Acturial value of plan assets2020-12-31481,659
Funding target for retired participants and beneficiaries receiving payment2020-12-31332,469
Number of terminated vested participants2020-12-315
Fundng target for terminated vested participants2020-12-31112,914
Active participant vested funding target2020-12-310
Number of active participants2020-12-310
Total funding liabilities for active participants2020-12-310
Total participant count2020-12-3121
Total funding target for all participants2020-12-31445,383
Balance at beginning of prior year after applicable adjustments2020-12-31797
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-31797
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-3182
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3186
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 year2020-12-31979
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
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
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: PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION 2019 401k membership
Market value of plan assets2019-12-31417,893
Acturial value of plan assets2019-12-31417,893
Funding target for retired participants and beneficiaries receiving payment2019-12-31349,946
Number of terminated vested participants2019-12-315
Fundng target for terminated vested participants2019-12-31104,487
Active participant vested funding target2019-12-310
Number of active participants2019-12-310
Total funding liabilities for active participants2019-12-310
Total participant count2019-12-3121
Total funding target for all participants2019-12-31454,433
Balance at beginning of prior year after applicable adjustments2019-12-31865
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-31865
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-3124,424
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3125,782
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-31797
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-316,650
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 date2019-12-316,149
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 cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-3137,337
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-316,067
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-316,067
Contributions allocatedtoward minimum required contributions for current year2019-12-316,149
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION 2018 401k membership
Market value of plan assets2018-12-31462,152
Acturial value of plan assets2018-12-31462,152
Funding target for retired participants and beneficiaries receiving payment2018-12-31357,443
Number of terminated vested participants2018-12-315
Fundng target for terminated vested participants2018-12-3196,571
Active participant vested funding target2018-12-310
Number of active participants2018-12-310
Total funding liabilities for active participants2018-12-310
Total participant count2018-12-3121
Total funding target for all participants2018-12-31454,014
Balance at beginning of prior year after applicable adjustments2018-12-31737
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 balance2018-12-31737
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3122
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3123
Balance of carryovers at beginning of current year2018-12-31865
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-3125,365
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 date2018-12-3124,424
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 cost2018-12-311,127
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-3124,424
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION 2017 401k membership
Market value of plan assets2017-12-31422,577
Acturial value of plan assets2017-12-31422,577
Funding target for retired participants and beneficiaries receiving payment2017-12-31330,280
Number of terminated vested participants2017-12-316
Fundng target for terminated vested participants2017-12-31109,833
Active participant vested funding target2017-12-310
Number of active participants2017-12-310
Total funding liabilities for active participants2017-12-310
Total participant count2017-12-3122
Total funding target for all participants2017-12-31440,113
Balance at beginning of prior year after applicable adjustments2017-12-31713
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-3137
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-31676
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 year2017-12-31737
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-315,100
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 date2017-12-314,680
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 cost2017-12-311,115
Net shortfall amortization installment of oustanding balance2017-12-3118,273
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-314,658
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-314,658
Contributions allocatedtoward minimum required contributions for current year2017-12-314,680
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION 2016 401k membership
Market value of plan assets2016-12-31415,180
Acturial value of plan assets2016-12-31415,180
Funding target for retired participants and beneficiaries receiving payment2016-12-31300,639
Number of terminated vested participants2016-12-317
Fundng target for terminated vested participants2016-12-31141,753
Active participant vested funding target2016-12-310
Number of active participants2016-12-310
Total funding liabilities for active participants2016-12-310
Total participant count2016-12-3123
Total funding target for all participants2016-12-31442,392
Balance at beginning of prior year after applicable adjustments2016-12-31748
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 balance2016-12-31748
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 year2016-12-31713
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-315,000
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 date2016-12-314,577
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 cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-3127,925
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-314,614
Carryover balance elected to use to offset funding requirement2016-12-3137
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-314,577
Contributions allocatedtoward minimum required contributions for current year2016-12-314,577
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
2009: PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION 2009 401k membership
Total participants, beginning-of-year2009-01-0126
Total number of active participants reported on line 7a of the Form 55002009-01-010
Number of retired or separated participants receiving benefits2009-01-0115
Number of other retired or separated participants entitled to future benefits2009-01-0111
Total of all active and inactive participants2009-01-0126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0126
Number of participants with account balances2009-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION

Measure Date Value
2009 : PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION

2009: PENSION PLAN FOR HOTELS AND MOTOR INNS ASSOCIATED WITH THE SHERATON CORPORATION 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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