401k Plan data: WILLIAM MORK & COMPANY LTD CASH BALANCE PLAN plan

WILLIAM MORK & COMPANY LTD CASH BALANCE PLAN 401k Plan overview

Plan Name	WILLIAM MORK & COMPANY LTD CASH BALANCE PLAN
Plan identification number	002

WILLIAM MORK & COMPANY LTD CASH BALANCE PLAN Benefits

401k Plan Type

Defined 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).

401k Sponsoring company profile

WILLIAM MORK & COMPANY LTD has sponsored the creation of one or more 401k plans.

Company Name: WILLIAM MORK & COMPANY LTD

Employer identification number (EIN): 411861212

NAIC Classification: 541219
NAIC Description: Other Accounting Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WILLIAM MORK & COMPANY LTD CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2021-01-01 WILLIAM MORK 2021-10-04 WILLIAM MORK 2021-10-04
002 2020-01-01 WILLIAM MORK 2021-10-04 WILLIAM MORK 2021-10-04
002 2019-01-01 WILLIAM MORK 2020-10-14 WILLIAM MORK 2020-10-14
002 2018-01-01 WILLIAM MORK 2019-10-10 WILLIAM MORK 2019-10-10
002 2017-01-01 WILLIAM MORK 2018-07-09 WILLIAM MORK 2018-07-09
002 2016-01-01 WILLIAM MORK 2017-07-24 WILLIAM MORK 2017-07-24
002 2015-01-01 WILLIAM MORK 2016-10-11 WILLIAM MORK 2016-10-11
002 2014-01-01 WILLIAM MORK 2015-10-13 WILLIAM MORK 2015-10-13
002 2013-01-01 WILLIAM MORK 2014-08-18 WILLIAM MORK 2014-08-18

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2021-01-01	WILLIAM MORK	2021-10-04	WILLIAM MORK	2021-10-04
002	2020-01-01	WILLIAM MORK	2021-10-04	WILLIAM MORK	2021-10-04
002	2019-01-01	WILLIAM MORK	2020-10-14	WILLIAM MORK	2020-10-14
002	2018-01-01	WILLIAM MORK	2019-10-10	WILLIAM MORK	2019-10-10
002	2017-01-01	WILLIAM MORK	2018-07-09	WILLIAM MORK	2018-07-09
002	2016-01-01	WILLIAM MORK	2017-07-24	WILLIAM MORK	2017-07-24
002	2015-01-01	WILLIAM MORK	2016-10-11	WILLIAM MORK	2016-10-11
002	2014-01-01	WILLIAM MORK	2015-10-13	WILLIAM MORK	2015-10-13
002	2013-01-01	WILLIAM MORK	2014-08-18	WILLIAM MORK	2014-08-18

Plan Statistics for WILLIAM MORK & COMPANY LTD CASH BALANCE PLAN

401k plan membership statisitcs for WILLIAM MORK & COMPANY LTD CASH BALANCE PLAN

Measure Date Value
2019: WILLIAM MORK & COMPANY LTD CASH BALANCE PLAN 2019 401k membership
Market value of plan assets 2019-12-31 645,315
Acturial value of plan assets 2019-12-31 645,315
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 0
Fundng target for terminated vested participants 2019-12-31 0
Active participant vested funding target 2019-12-31 503,886
Number of active participants 2019-12-31 5
Total funding liabilities for active participants 2019-12-31 503,886
Total participant count 2019-12-31 5
Total funding target for all participants 2019-12-31 503,886
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 0
Present value of excess contributions 2019-12-31 60,359
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 60,359
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 62,891
Total employee contributions 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 60,703
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 139,853
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
Additional cash requirement 2019-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 60,703
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: WILLIAM MORK & COMPANY LTD CASH BALANCE PLAN 2018 401k membership
Market value of plan assets 2018-12-31 403,003
Acturial value of plan assets 2018-12-31 403,003
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 0
Fundng target for terminated vested participants 2018-12-31 0
Active participant vested funding target 2018-12-31 338,387
Number of active participants 2018-12-31 6
Total funding liabilities for active participants 2018-12-31 338,387
Total participant count 2018-12-31 6
Total funding target for all participants 2018-12-31 338,387
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 51,219
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 51,219
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 132,725
Total employee contributions 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 131,696
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 135,953
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 71,337
Additional cash requirement 2018-12-31 71,337
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 131,696
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: WILLIAM MORK & COMPANY LTD CASH BALANCE PLAN 2017 401k membership
Market value of plan assets 2017-12-31 366,005
Acturial value of plan assets 2017-12-31 366,005
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 0
Fundng target for terminated vested participants 2017-12-31 0
Active participant vested funding target 2017-12-31 246,621
Number of active participants 2017-12-31 4
Total funding liabilities for active participants 2017-12-31 246,621
Total participant count 2017-12-31 4
Total funding target for all participants 2017-12-31 246,621
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 69,416
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 69,416
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 50,000
Total employee contributions 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 51,219
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 68,357
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 0
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 51,219
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: WILLIAM MORK & COMPANY LTD CASH BALANCE PLAN 2016 401k membership
Market value of plan assets 2016-12-31 234,534
Acturial value of plan assets 2016-12-31 234,534
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 0
Fundng target for terminated vested participants 2016-12-31 0
Active participant vested funding target 2016-12-31 164,355
Number of active participants 2016-12-31 4
Total funding liabilities for active participants 2016-12-31 164,355
Total participant count 2016-12-31 4
Total funding target for all participants 2016-12-31 164,355
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 47,422
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 47,422
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 68,900
Total employee contributions 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 69,416
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 64,573
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 69,416
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2019: WILLIAM MORK & COMPANY LTD CASH BALANCE PLAN 2019 401k membership
Market value of plan assets	2019-12-31	645,315
Acturial value of plan assets	2019-12-31	645,315
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	0
Fundng target for terminated vested participants	2019-12-31	0
Active participant vested funding target	2019-12-31	503,886
Number of active participants	2019-12-31	5
Total funding liabilities for active participants	2019-12-31	503,886
Total participant count	2019-12-31	5
Total funding target for all participants	2019-12-31	503,886
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	60,359
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	60,359
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	62,891
Total employee contributions	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	60,703
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	139,853
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
Additional cash requirement	2019-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	60,703
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: WILLIAM MORK & COMPANY LTD CASH BALANCE PLAN 2018 401k membership
Market value of plan assets	2018-12-31	403,003
Acturial value of plan assets	2018-12-31	403,003
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	0
Fundng target for terminated vested participants	2018-12-31	0
Active participant vested funding target	2018-12-31	338,387
Number of active participants	2018-12-31	6
Total funding liabilities for active participants	2018-12-31	338,387
Total participant count	2018-12-31	6
Total funding target for all participants	2018-12-31	338,387
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	51,219
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	51,219
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	132,725
Total employee contributions	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	131,696
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	135,953
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	71,337
Additional cash requirement	2018-12-31	71,337
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	131,696
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: WILLIAM MORK & COMPANY LTD CASH BALANCE PLAN 2017 401k membership
Market value of plan assets	2017-12-31	366,005
Acturial value of plan assets	2017-12-31	366,005
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	0
Fundng target for terminated vested participants	2017-12-31	0
Active participant vested funding target	2017-12-31	246,621
Number of active participants	2017-12-31	4
Total funding liabilities for active participants	2017-12-31	246,621
Total participant count	2017-12-31	4
Total funding target for all participants	2017-12-31	246,621
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	69,416
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	69,416
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	50,000
Total employee contributions	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	51,219
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	68,357
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	0
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	51,219
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: WILLIAM MORK & COMPANY LTD CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	234,534
Acturial value of plan assets	2016-12-31	234,534
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	0
Fundng target for terminated vested participants	2016-12-31	0
Active participant vested funding target	2016-12-31	164,355
Number of active participants	2016-12-31	4
Total funding liabilities for active participants	2016-12-31	164,355
Total participant count	2016-12-31	4
Total funding target for all participants	2016-12-31	164,355
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	47,422
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	47,422
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	68,900
Total employee contributions	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	69,416
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	64,573
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	69,416
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	WILLIAM MORK & COMPANY LTD
Employer identification number (EIN):	411861212
NAIC Classification:	541219
NAIC Description:	Other Accounting Services