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PENSION PLAN FOR EMPLOYEES OF EASTER SEALS, INC. 401k Plan overview

Plan NamePENSION PLAN FOR EMPLOYEES OF EASTER SEALS, INC.
Plan identification number 001

PENSION PLAN FOR EMPLOYEES OF EASTER SEALS, INC. 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).
  • Plan not intended to be qualified - A plan not intended to be qualified under Code sections 401, 403, or 408.

401k Sponsoring company profile

EASTER SEALS - MICHIGAN, INC. has sponsored the creation of one or more 401k plans.

Company Name:EASTER SEALS - MICHIGAN, INC.
Employer identification number (EIN):381402860
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR EMPLOYEES OF EASTER SEALS, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-09-01GLENDA OAKLEY2023-06-14 GLENDA OAKLEY2023-06-14
0012020-09-01SILVIJA JAKUBOWSKI2022-06-10 SILVIJA JAKUBOWSKI2022-06-10
0012019-09-01SILVIJA JAKUBOWSKI2021-03-19 SILVIJA JAKUBOWSKI2021-03-19
0012018-09-01SILVIJA JAKUBOWSKI2020-06-08 SILVIJA JAKUBOWSKI2020-06-08
0012017-09-01SILVIJA JAKUBOWSKI2019-06-07 SILVIJA JAKUBOWSKI2019-06-07
0012016-09-01SILVIJA JAKUBOWSKI2018-06-14 SILVIJA JAKUBOWSKI2018-06-14
0012015-09-01SILVIJA JAKUBOWSKI2017-06-14
0012014-09-01SILVIJA JAKUBOWSKI2016-06-14
0012013-09-01DOROTHY M. MOSER2015-06-10
0012012-09-01DOROTHY M. MOSER2014-06-10
0012011-09-01DOROTHY M. MOSER2013-06-13
0012010-09-01DOROTHY M. MOSER2012-06-14

Plan Statistics for PENSION PLAN FOR EMPLOYEES OF EASTER SEALS, INC.

401k plan membership statisitcs for PENSION PLAN FOR EMPLOYEES OF EASTER SEALS, INC.

Measure Date Value
2022: PENSION PLAN FOR EMPLOYEES OF EASTER SEALS, INC. 2022 401k membership
Market value of plan assets2022-08-312,524,401
Acturial value of plan assets2022-08-312,360,148
Funding target for retired participants and beneficiaries receiving payment2022-08-311,468,744
Number of terminated vested participants2022-08-3122
Fundng target for terminated vested participants2022-08-31713,255
Active participant vested funding target2022-08-3120,020
Number of active participants2022-08-311
Total funding liabilities for active participants2022-08-3120,020
Total participant count2022-08-3150
Total funding target for all participants2022-08-312,202,019
Balance at beginning of prior year after applicable adjustments2022-08-310
Prefunding balance at beginning of prior year after applicable adjustments2022-08-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-08-310
Prefunding balanced used to offset prior years funding requirement2022-08-310
Amount remaining of carryover balance2022-08-310
Amount remaining of prefunding balance2022-08-310
Present value of excess contributions2022-08-3135,599
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-08-3137,489
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-08-310
Reductions in caryover balances due to elections or deemed elections2022-08-310
Reductions in prefunding balances due to elections or deemed elections2022-08-310
Balance of carryovers at beginning of current year2022-08-310
Balance of prefunding at beginning of current year2022-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-08-310
Contributions made to avoid restrictions adjusted to valuation date2022-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-08-310
Unpaid minimum required contributions for all prior years2022-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-08-310
Remaining amount of unpaid minimum required contributions2022-08-310
Minimum required contributions for current year target normal cost2022-08-3146,000
Net shortfall amortization installment of oustanding balance2022-08-310
Waiver amortization installment2022-08-310
Total funding amount beforereflecting carryover/prefunding balances2022-08-310
Carryover balance elected to use to offset funding requirement2022-08-310
Prefunding balance elected to use to offset funding requirement2022-08-310
Additional cash requirement2022-08-310
Contributions allocatedtoward minimum required contributions for current year2022-08-310
Unpaid minimum required contributions for current year2022-08-310
Unpaid minimum required contributions for all years2022-08-310
2021: PENSION PLAN FOR EMPLOYEES OF EASTER SEALS, INC. 2021 401k membership
Market value of plan assets2021-08-312,259,225
Acturial value of plan assets2021-08-312,158,267
Funding target for retired participants and beneficiaries receiving payment2021-08-311,540,233
Number of terminated vested participants2021-08-3123
Fundng target for terminated vested participants2021-08-31715,909
Active participant vested funding target2021-08-3119,390
Number of active participants2021-08-311
Total funding liabilities for active participants2021-08-3119,390
Total participant count2021-08-3151
Total funding target for all participants2021-08-312,275,532
Balance at beginning of prior year after applicable adjustments2021-08-310
Prefunding balance at beginning of prior year after applicable adjustments2021-08-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-08-310
Prefunding balanced used to offset prior years funding requirement2021-08-310
Amount remaining of carryover balance2021-08-310
Amount remaining of prefunding balance2021-08-310
Present value of excess contributions2021-08-3198
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-08-31103
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-08-310
Reductions in caryover balances due to elections or deemed elections2021-08-310
Reductions in prefunding balances due to elections or deemed elections2021-08-310
Balance of carryovers at beginning of current year2021-08-310
Balance of prefunding at beginning of current year2021-08-310
Total employer contributions2021-08-31147,736
Total employee contributions2021-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-08-310
Contributions made to avoid restrictions adjusted to valuation date2021-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-08-31141,798
Unpaid minimum required contributions for all prior years2021-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-08-310
Remaining amount of unpaid minimum required contributions2021-08-310
Minimum required contributions for current year target normal cost2021-08-3166,000
Net shortfall amortization installment of oustanding balance2021-08-31117,265
Waiver amortization installment2021-08-310
Total funding amount beforereflecting carryover/prefunding balances2021-08-31106,199
Carryover balance elected to use to offset funding requirement2021-08-310
Prefunding balance elected to use to offset funding requirement2021-08-310
Additional cash requirement2021-08-31106,199
Contributions allocatedtoward minimum required contributions for current year2021-08-31141,798
Unpaid minimum required contributions for current year2021-08-310
Unpaid minimum required contributions for all years2021-08-310
2020: PENSION PLAN FOR EMPLOYEES OF EASTER SEALS, INC. 2020 401k membership
Market value of plan assets2020-08-312,073,097
Acturial value of plan assets2020-08-312,018,759
Funding target for retired participants and beneficiaries receiving payment2020-08-311,603,125
Number of terminated vested participants2020-08-3123
Fundng target for terminated vested participants2020-08-31681,799
Active participant vested funding target2020-08-3117,773
Number of active participants2020-08-311
Total funding liabilities for active participants2020-08-3117,773
Total participant count2020-08-3153
Total funding target for all participants2020-08-312,302,697
Balance at beginning of prior year after applicable adjustments2020-08-310
Prefunding balance at beginning of prior year after applicable adjustments2020-08-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-08-310
Prefunding balanced used to offset prior years funding requirement2020-08-310
Amount remaining of carryover balance2020-08-310
Amount remaining of prefunding balance2020-08-310
Present value of excess contributions2020-08-313
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-08-313
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-08-310
Reductions in caryover balances due to elections or deemed elections2020-08-310
Reductions in prefunding balances due to elections or deemed elections2020-08-310
Balance of carryovers at beginning of current year2020-08-310
Balance of prefunding at beginning of current year2020-08-310
Total employer contributions2020-08-31149,123
Total employee contributions2020-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-08-310
Contributions made to avoid restrictions adjusted to valuation date2020-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-08-31144,679
Unpaid minimum required contributions for all prior years2020-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-08-310
Remaining amount of unpaid minimum required contributions2020-08-310
Minimum required contributions for current year target normal cost2020-08-3170,000
Net shortfall amortization installment of oustanding balance2020-08-31283,938
Waiver amortization installment2020-08-310
Total funding amount beforereflecting carryover/prefunding balances2020-08-31144,581
Carryover balance elected to use to offset funding requirement2020-08-310
Prefunding balance elected to use to offset funding requirement2020-08-310
Additional cash requirement2020-08-31144,581
Contributions allocatedtoward minimum required contributions for current year2020-08-31144,679
Unpaid minimum required contributions for current year2020-08-310
Unpaid minimum required contributions for all years2020-08-310
2019: PENSION PLAN FOR EMPLOYEES OF EASTER SEALS, INC. 2019 401k membership
Market value of plan assets2019-08-311,956,130
Acturial value of plan assets2019-08-311,956,130
Funding target for retired participants and beneficiaries receiving payment2019-08-311,541,533
Number of terminated vested participants2019-08-3131
Fundng target for terminated vested participants2019-08-31666,909
Active participant vested funding target2019-08-3111,656
Number of active participants2019-08-311
Total funding liabilities for active participants2019-08-3115,101
Total participant count2019-08-3160
Total funding target for all participants2019-08-312,223,543
Balance at beginning of prior year after applicable adjustments2019-08-310
Prefunding balance at beginning of prior year after applicable adjustments2019-08-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-08-310
Prefunding balanced used to offset prior years funding requirement2019-08-310
Amount remaining of carryover balance2019-08-310
Amount remaining of prefunding balance2019-08-310
Present value of excess contributions2019-08-311,425
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-08-311,508
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-08-310
Reductions in caryover balances due to elections or deemed elections2019-08-310
Reductions in prefunding balances due to elections or deemed elections2019-08-310
Balance of carryovers at beginning of current year2019-08-310
Balance of prefunding at beginning of current year2019-08-310
Total employer contributions2019-08-31164,183
Total employee contributions2019-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-08-310
Contributions made to avoid restrictions adjusted to valuation date2019-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-08-31158,343
Unpaid minimum required contributions for all prior years2019-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-08-310
Remaining amount of unpaid minimum required contributions2019-08-310
Minimum required contributions for current year target normal cost2019-08-3195,000
Net shortfall amortization installment of oustanding balance2019-08-31267,413
Waiver amortization installment2019-08-310
Total funding amount beforereflecting carryover/prefunding balances2019-08-31158,340
Carryover balance elected to use to offset funding requirement2019-08-310
Prefunding balance elected to use to offset funding requirement2019-08-310
Additional cash requirement2019-08-31158,340
Contributions allocatedtoward minimum required contributions for current year2019-08-31158,343
Unpaid minimum required contributions for current year2019-08-310
Unpaid minimum required contributions for all years2019-08-310
2018: PENSION PLAN FOR EMPLOYEES OF EASTER SEALS, INC. 2018 401k membership
Market value of plan assets2018-08-311,936,302
Acturial value of plan assets2018-08-311,936,302
Funding target for retired participants and beneficiaries receiving payment2018-08-311,496,557
Number of terminated vested participants2018-08-3134
Fundng target for terminated vested participants2018-08-31664,133
Active participant vested funding target2018-08-3113,442
Number of active participants2018-08-311
Total funding liabilities for active participants2018-08-3113,442
Total participant count2018-08-3162
Total funding target for all participants2018-08-312,174,132
Balance at beginning of prior year after applicable adjustments2018-08-310
Prefunding balance at beginning of prior year after applicable adjustments2018-08-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-08-310
Prefunding balanced used to offset prior years funding requirement2018-08-310
Amount remaining of carryover balance2018-08-310
Amount remaining of prefunding balance2018-08-310
Present value of excess contributions2018-08-313
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-08-313
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-08-310
Reductions in caryover balances due to elections or deemed elections2018-08-310
Reductions in prefunding balances due to elections or deemed elections2018-08-310
Balance of carryovers at beginning of current year2018-08-310
Balance of prefunding at beginning of current year2018-08-310
Total employer contributions2018-08-31171,381
Total employee contributions2018-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-08-310
Contributions made to avoid restrictions adjusted to valuation date2018-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-08-31163,046
Unpaid minimum required contributions for all prior years2018-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-08-310
Remaining amount of unpaid minimum required contributions2018-08-310
Minimum required contributions for current year target normal cost2018-08-31110,000
Net shortfall amortization installment of oustanding balance2018-08-31237,830
Waiver amortization installment2018-08-310
Total funding amount beforereflecting carryover/prefunding balances2018-08-31161,621
Carryover balance elected to use to offset funding requirement2018-08-310
Prefunding balance elected to use to offset funding requirement2018-08-310
Additional cash requirement2018-08-31161,621
Contributions allocatedtoward minimum required contributions for current year2018-08-31163,046
Unpaid minimum required contributions for current year2018-08-310
Unpaid minimum required contributions for all years2018-08-310
2017: PENSION PLAN FOR EMPLOYEES OF EASTER SEALS, INC. 2017 401k membership
Market value of plan assets2017-08-311,908,249
Acturial value of plan assets2017-08-311,908,249
Funding target for retired participants and beneficiaries receiving payment2017-08-311,197,720
Number of terminated vested participants2017-08-3138
Fundng target for terminated vested participants2017-08-31846,033
Active participant vested funding target2017-08-3112,676
Number of active participants2017-08-311
Total funding liabilities for active participants2017-08-3112,676
Total participant count2017-08-3161
Total funding target for all participants2017-08-312,056,429
Balance at beginning of prior year after applicable adjustments2017-08-310
Prefunding balance at beginning of prior year after applicable adjustments2017-08-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-08-310
Prefunding balanced used to offset prior years funding requirement2017-08-310
Amount remaining of carryover balance2017-08-310
Amount remaining of prefunding balance2017-08-310
Present value of excess contributions2017-08-31695
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-08-31739
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-08-310
Reductions in caryover balances due to elections or deemed elections2017-08-310
Reductions in prefunding balances due to elections or deemed elections2017-08-310
Balance of carryovers at beginning of current year2017-08-310
Balance of prefunding at beginning of current year2017-08-310
Total employer contributions2017-08-31135,961
Total employee contributions2017-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-08-310
Contributions made to avoid restrictions adjusted to valuation date2017-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-08-31130,676
Liquidity shortfalls end of Q12017-08-310
Liquidity shortfalls end of Q22017-08-310
Liquidity shortfalls end of Q32017-08-310
Liquidity shortfalls end of Q42017-08-310
Unpaid minimum required contributions for all prior years2017-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-08-310
Remaining amount of unpaid minimum required contributions2017-08-310
Minimum required contributions for current year target normal cost2017-08-3198,000
Net shortfall amortization installment of oustanding balance2017-08-31148,180
Waiver amortization installment2017-08-310
Total funding amount beforereflecting carryover/prefunding balances2017-08-31130,674
Additional cash requirement2017-08-31130,674
Contributions allocatedtoward minimum required contributions for current year2017-08-31130,676
Unpaid minimum required contributions for current year2017-08-310
Unpaid minimum required contributions for all years2017-08-310

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