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RETIREMENT PLAN FOR EMPLOYEES OF MT.CARMEL UTILITY CO. 401k Plan overview

Plan NameRETIREMENT PLAN FOR EMPLOYEES OF MT.CARMEL UTILITY CO.
Plan identification number 001

RETIREMENT PLAN FOR EMPLOYEES OF MT.CARMEL UTILITY CO. 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).
  • 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.
  • 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

MT. CARMEL PUBLIC UTILITY CO. has sponsored the creation of one or more 401k plans.

Company Name:MT. CARMEL PUBLIC UTILITY CO.
Employer identification number (EIN):370430490
NAIC Classification:221100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF MT.CARMEL UTILITY CO.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01PATRICIA SPENCER2023-10-12
0012021-01-01PATRICIA SPENCER2022-10-11
0012020-01-01PATRICIA SPENCER2021-10-12
0012018-01-01PATTY SPENCER2019-07-17
0012017-01-01PATTY SPENCER2018-05-17
0012016-01-01MARGARET E. FELTS2017-04-17
0012016-01-01PATTY SPENCER2018-05-17
0012015-01-01MARGARET E. FELTS2016-06-23
0012014-01-01MARGARET E. FELTS2015-04-08
0012013-01-01MARGARET E. FELTS2014-05-21
0012012-01-01MARGARET E. FELTS2013-04-29
0012011-01-01MARGARET E. FELTS2012-07-23
0012010-01-01MARGARET FELTS2011-06-01

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF MT.CARMEL UTILITY CO.

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF MT.CARMEL UTILITY CO.

Measure Date Value
2022: RETIREMENT PLAN FOR EMPLOYEES OF MT.CARMEL UTILITY CO. 2022 401k membership
Market value of plan assets2022-12-3110,766,492
Acturial value of plan assets2022-12-3110,485,465
Funding target for retired participants and beneficiaries receiving payment2022-12-317,871,538
Number of terminated vested participants2022-12-314
Fundng target for terminated vested participants2022-12-31188,815
Active participant vested funding target2022-12-313,078,585
Number of active participants2022-12-3122
Total funding liabilities for active participants2022-12-313,078,585
Total participant count2022-12-3165
Total funding target for all participants2022-12-3111,138,938
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-317,567
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 balance2022-12-317,567
Present value of excess contributions2022-12-31437,995
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31462,698
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 year2022-12-318,254
Total employer contributions2022-12-31840,000
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 date2022-12-31819,312
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 cost2022-12-31233,465
Net shortfall amortization installment of oustanding balance2022-12-31661,727
Total funding amount beforereflecting carryover/prefunding balances2022-12-31294,616
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31294,616
Contributions allocatedtoward minimum required contributions for current year2022-12-31819,312
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: RETIREMENT PLAN FOR EMPLOYEES OF MT.CARMEL UTILITY CO. 2021 401k membership
Market value of plan assets2021-12-319,720,012
Acturial value of plan assets2021-12-319,400,970
Funding target for retired participants and beneficiaries receiving payment2021-12-316,575,249
Number of terminated vested participants2021-12-315
Fundng target for terminated vested participants2021-12-31239,717
Active participant vested funding target2021-12-313,959,006
Number of active participants2021-12-3125
Total funding liabilities for active participants2021-12-313,976,311
Total participant count2021-12-3166
Total funding target for all participants2021-12-3110,791,277
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-317,071
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-317,071
Present value of excess contributions2021-12-3132,665
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3134,439
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 year2021-12-310
Balance of prefunding at beginning of current year2021-12-317,567
Total employer contributions2021-12-31840,000
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 date2021-12-31818,724
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 cost2021-12-31250,389
Net shortfall amortization installment of oustanding balance2021-12-311,397,874
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31380,729
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31380,729
Contributions allocatedtoward minimum required contributions for current year2021-12-31818,724
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: RETIREMENT PLAN FOR EMPLOYEES OF MT.CARMEL UTILITY CO. 2020 401k membership
Market value of plan assets2020-12-318,856,944
Acturial value of plan assets2020-12-318,700,666
Funding target for retired participants and beneficiaries receiving payment2020-12-315,440,193
Number of terminated vested participants2020-12-315
Fundng target for terminated vested participants2020-12-31235,587
Active participant vested funding target2020-12-315,084,289
Number of active participants2020-12-3129
Total funding liabilities for active participants2020-12-315,121,663
Total participant count2020-12-3167
Total funding target for all participants2020-12-3110,797,443
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31171,754
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-31165,500
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-316,254
Present value of excess contributions2020-12-3159
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3162
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 year2020-12-317,071
Total employer contributions2020-12-31817,851
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 date2020-12-31796,783
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 cost2020-12-31293,587
Net shortfall amortization installment of oustanding balance2020-12-312,103,848
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31764,118
Additional cash requirement2020-12-31764,118
Contributions allocatedtoward minimum required contributions for current year2020-12-31796,783
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: RETIREMENT PLAN FOR EMPLOYEES OF MT.CARMEL UTILITY CO. 2019 401k membership
Market value of plan assets2019-12-317,618,172
Acturial value of plan assets2019-12-318,033,540
Funding target for retired participants and beneficiaries receiving payment2019-12-315,445,019
Number of terminated vested participants2019-12-316
Fundng target for terminated vested participants2019-12-31219,378
Active participant vested funding target2019-12-314,616,852
Number of active participants2019-12-3130
Total funding liabilities for active participants2019-12-314,660,505
Total participant count2019-12-3171
Total funding target for all participants2019-12-3110,324,902
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31156,022
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 balance2019-12-310
Amount remaining of prefunding balance2019-12-31156,022
Present value of excess contributions2019-12-3119,452
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3120,569
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-3120,569
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 year2019-12-310
Balance of prefunding at beginning of current year2019-12-31171,754
Total employer contributions2019-12-31750,000
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 date2019-12-31730,547
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 cost2019-12-31343,309
Net shortfall amortization installment of oustanding balance2019-12-312,463,116
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31895,988
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-31165,500
Additional cash requirement2019-12-31730,488
Contributions allocatedtoward minimum required contributions for current year2019-12-31730,547
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: RETIREMENT PLAN FOR EMPLOYEES OF MT.CARMEL UTILITY CO. 2018 401k membership
Market value of plan assets2018-12-317,725,493
Acturial value of plan assets2018-12-317,645,325
Funding target for retired participants and beneficiaries receiving payment2018-12-314,197,871
Number of terminated vested participants2018-12-315
Fundng target for terminated vested participants2018-12-31193,634
Active participant vested funding target2018-12-314,928,878
Number of active participants2018-12-3134
Total funding liabilities for active participants2018-12-314,970,123
Total participant count2018-12-3172
Total funding target for all participants2018-12-319,361,628
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31270,806
Prefunding balanced used to offset prior years funding requirement2018-12-3163,762
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31207,044
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
Reductions in prefunding balances due to elections or deemed elections2018-12-3167,109
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31156,022
Total employer contributions2018-12-31700,008
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 date2018-12-31680,454
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
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 cost2018-12-31362,075
Net shortfall amortization installment of oustanding balance2018-12-311,872,325
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31661,002
Additional cash requirement2018-12-31661,002
Contributions allocatedtoward minimum required contributions for current year2018-12-31680,454
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: RETIREMENT PLAN FOR EMPLOYEES OF MT.CARMEL UTILITY CO. 2017 401k membership
Market value of plan assets2017-12-317,111,829
Acturial value of plan assets2017-12-317,295,932
Funding target for retired participants and beneficiaries receiving payment2017-12-313,147,603
Number of terminated vested participants2017-12-315
Fundng target for terminated vested participants2017-12-31125,108
Active participant vested funding target2017-12-315,320,946
Number of active participants2017-12-3140
Total funding liabilities for active participants2017-12-315,348,850
Total participant count2017-12-3173
Total funding target for all participants2017-12-318,621,561
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31266,615
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-3110,727
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-31255,888
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
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 year2017-12-31270,806
Total employer contributions2017-12-31560,000
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 date2017-12-31543,813
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
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 cost2017-12-31377,868
Net shortfall amortization installment of oustanding balance2017-12-311,596,435
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31607,575
Prefunding balance elected to use to offset funding requirement2017-12-3163,762
Additional cash requirement2017-12-31543,813
Contributions allocatedtoward minimum required contributions for current year2017-12-31543,813
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: RETIREMENT PLAN FOR EMPLOYEES OF MT.CARMEL UTILITY CO. 2016 401k membership
Market value of plan assets2016-12-316,616,279
Acturial value of plan assets2016-12-317,033,366
Funding target for retired participants and beneficiaries receiving payment2016-12-312,846,187
Number of terminated vested participants2016-12-316
Fundng target for terminated vested participants2016-12-31171,080
Active participant vested funding target2016-12-314,810,079
Number of active participants2016-12-3141
Total funding liabilities for active participants2016-12-314,828,106
Total participant count2016-12-3174
Total funding target for all participants2016-12-317,845,373
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31287,956
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-3117,638
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-31270,318
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 year2016-12-31266,615
Total employer contributions2016-12-31480,000
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 date2016-12-31466,011
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
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 cost2016-12-31351,153
Net shortfall amortization installment of oustanding balance2016-12-311,078,622
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31476,738
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-3110,727
Additional cash requirement2016-12-31466,011
Contributions allocatedtoward minimum required contributions for current year2016-12-31466,011
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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