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H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN 401k Plan overview

Plan NameH. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN
Plan identification number 005

H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN 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).
  • 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

H. W. HERRELL DISTRIBUTING COMPANY has sponsored the creation of one or more 401k plans.

Company Name:H. W. HERRELL DISTRIBUTING COMPANY
Employer identification number (EIN):430810878
NAIC Classification:424800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052023-01-01
0052022-01-01
0052021-01-01
0052020-01-01
0052019-01-01
0052018-01-01

Plan Statistics for H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN

401k plan membership statisitcs for H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN

Measure Date Value
2025: H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-0314
Total number of particpants at end of year2025-10-0314
2024: H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-0415
Total number of particpants at end of year2024-10-0414
2022: H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-3146,003
Acturial value of plan assets2022-12-3146,003
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-312
Fundng target for terminated vested participants2022-12-316,798
Active participant vested funding target2022-12-3141,710
Number of active participants2022-12-3111
Total funding liabilities for active participants2022-12-3141,710
Total participant count2022-12-3113
Total funding target for all participants2022-12-3148,508
Balance at beginning of prior year after applicable adjustments2022-12-310
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 balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-3113,166
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3113,166
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 year2022-12-310
Total employer contributions2022-12-3131,590
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 date2022-12-3130,585
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 cost2022-12-3113,558
Net shortfall amortization installment of oustanding balance2022-12-312,505
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3113,789
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-3113,789
Contributions allocatedtoward minimum required contributions for current year2022-12-3130,585
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total number of particpants at beginning of year2022-10-0614
Total number of particpants at end of year2022-10-0614
2021: H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-3146,003
Acturial value of plan assets2021-12-3146,003
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-313
Fundng target for terminated vested participants2021-12-3111,759
Active participant vested funding target2021-12-3129,358
Number of active participants2021-12-3111
Total funding liabilities for active participants2021-12-3129,358
Total participant count2021-12-3114
Total funding target for all participants2021-12-3141,117
Balance at beginning of prior year after applicable adjustments2021-12-310
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 balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-318,697
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-318,697
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 year2021-12-310
Total employer contributions2021-12-3121,805
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 date2021-12-3121,201
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 cost2021-12-3112,741
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-317,855
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-317,855
Contributions allocatedtoward minimum required contributions for current year2021-12-3121,201
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-3132,307
Acturial value of plan assets2020-12-3132,307
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-313
Fundng target for terminated vested participants2020-12-318,631
Active participant vested funding target2020-12-3117,126
Number of active participants2020-12-3111
Total funding liabilities for active participants2020-12-3117,126
Total participant count2020-12-3114
Total funding target for all participants2020-12-3125,757
Balance at beginning of prior year after applicable adjustments2020-12-310
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 balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-315,370
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-315,370
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 year2020-12-310
Total employer contributions2020-12-3117,041
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 date2020-12-3116,477
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 cost2020-12-3113,847
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-317,297
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-317,297
Contributions allocatedtoward minimum required contributions for current year2020-12-3116,477
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-3113,407
Acturial value of plan assets2019-12-3113,407
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-311,044
Active participant vested funding target2019-12-319,634
Number of active participants2019-12-3113
Total funding liabilities for active participants2019-12-319,634
Total participant count2019-12-3114
Total funding target for all participants2019-12-3110,678
Balance at beginning of prior year after applicable adjustments2019-12-310
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 balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-312,351
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-312,351
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 year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-3118,801
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 date2019-12-3118,141
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 cost2019-12-3115,500
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3112,771
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-3112,771
Contributions allocatedtoward minimum required contributions for current year2019-12-3118,141
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-310
Acturial value of plan assets2018-12-310
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-310
Number of active participants2018-12-3111
Total funding liabilities for active participants2018-12-310
Total participant count2018-12-3112
Total funding target for all participants2018-12-310
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 contributions2018-12-3112,566
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 date2018-12-3112,336
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 cost2018-12-319,985
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-319,985
Additional cash requirement2018-12-319,985
Contributions allocatedtoward minimum required contributions for current year2018-12-3112,336
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310

Financial Data on H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN

Measure Date Value
2025 : H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-030
Total liabilities as of the end of the plan year2025-10-030
Total liabilities as of the beginning of the plan year2025-10-030
Total expenses incurred by plan in this plan year2025-10-034925
Net assets as of the end of the plan year2025-10-03113858
Total assets as of the beginning of the plan year2025-10-0393597
Value of plan covered by a fidelity bond2025-10-03600000
Participant contributions to plan in this plan year2025-10-030
Other expenses paid from plan in this plan year2025-10-030
Other contributions to plan in this plan year2025-10-030
Other income to plan in this plan year2025-10-032000
Plan net income in this plan year2025-10-0320261
Net assets as of the end of the plan year2025-10-03113858
Net assets as of the beginning of the plan year2025-10-0393597
Employer contributions to plan in this plan year2025-10-0323186
Fees paid to broker by Benefit Provider2025-10-0352
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-030
2024 : H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-040
Total liabilities as of the end of the plan year2024-10-040
Total liabilities as of the beginning of the plan year2024-10-040
Total expenses incurred by plan in this plan year2024-10-044427
Net assets as of the end of the plan year2024-10-0493597
Total assets as of the beginning of the plan year2024-10-0479879
Value of plan covered by a fidelity bond2024-10-04600000
Participant contributions to plan in this plan year2024-10-040
Other expenses paid from plan in this plan year2024-10-040
Other contributions to plan in this plan year2024-10-040
Other income to plan in this plan year2024-10-043105
Plan net income in this plan year2024-10-0413718
Net assets as of the end of the plan year2024-10-0493597
Net assets as of the beginning of the plan year2024-10-0479879
Employer contributions to plan in this plan year2024-10-0415040
Fees paid to broker by Benefit Provider2024-10-0483
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-0498
2022 : H. W. HERRELL DISTRIBUTING CO. UNION EMPLOYEES CASH BALANCE PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-10-060
Total liabilities as of the end of the plan year2022-10-060
Total liabilities as of the beginning of the plan year2022-10-060
Total expenses incurred by plan in this plan year2022-10-063339
Net assets as of the end of the plan year2022-10-0667808
Total assets as of the beginning of the plan year2022-10-0649348
Value of plan covered by a fidelity bond2022-10-06600000
Participant contributions to plan in this plan year2022-10-060
Other expenses paid from plan in this plan year2022-10-060
Other contributions to plan in this plan year2022-10-060
Other income to plan in this plan year2022-10-06-6
Plan net income in this plan year2022-10-0618460
Net assets as of the end of the plan year2022-10-0667808
Net assets as of the beginning of the plan year2022-10-0649348
Employer contributions to plan in this plan year2022-10-0621805
Fees paid to broker by Benefit Provider2022-10-0654
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-0677

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