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MARK ONE ELECTRIC CO., INC. CASH BALANCE PLAN & TRUST 401k Plan overview

Plan NameMARK ONE ELECTRIC CO., INC. CASH BALANCE PLAN & TRUST
Plan identification number 002

MARK ONE ELECTRIC CO., INC. CASH BALANCE PLAN & TRUST 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).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

MARK ONE ELECTRIC CO., INC. has sponsored the creation of one or more 401k plans.

Company Name:MARK ONE ELECTRIC CO., INC.
Employer identification number (EIN):431025223
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MARK ONE ELECTRIC CO., INC. CASH BALANCE PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-04-01ROSANA PRIVITERA BIONDO2024-01-04
0022021-04-01ROSANA PRIVITERA BIONDO2022-10-24
0022020-04-01ROSANA PRIVITERA BIONDO2021-10-25
0022019-04-01ROSANA PRIVITERA BIONDO2020-10-22
0022018-04-01ROSANA PRIVITERA BIONDO2020-01-15
0022017-04-01ROSANA PRIVITERA BIONDO2019-01-11
0022016-04-01ROSANA PRIVITERA BIONDO2018-01-12
0022015-04-01ROSANA PRIVITERA BIONDO2016-10-26
0022014-04-01ROSANA PRIVITERA BIONDO2016-01-04
0022013-04-01ROSANA PRIVITERA BIONDO2015-01-15
0022012-04-01ROSANA PRIVITERA BIONDO2014-01-14
0022011-04-01ROSANA PRIVITERA BIONDO2013-01-09

Plan Statistics for MARK ONE ELECTRIC CO., INC. CASH BALANCE PLAN & TRUST

401k plan membership statisitcs for MARK ONE ELECTRIC CO., INC. CASH BALANCE PLAN & TRUST

Measure Date Value
2023: MARK ONE ELECTRIC CO., INC. CASH BALANCE PLAN & TRUST 2023 401k membership
Market value of plan assets2023-03-315,338,079
Acturial value of plan assets2023-03-315,338,079
Funding target for retired participants and beneficiaries receiving payment2023-03-310
Number of terminated vested participants2023-03-3121
Fundng target for terminated vested participants2023-03-31179,863
Active participant vested funding target2023-03-315,221,218
Number of active participants2023-03-3125
Total funding liabilities for active participants2023-03-315,221,218
Total participant count2023-03-3146
Total funding target for all participants2023-03-315,401,081
Balance at beginning of prior year after applicable adjustments2023-03-310
Prefunding balance at beginning of prior year after applicable adjustments2023-03-31365,560
Carryover balanced portion elected for use to offset prior years funding requirement2023-03-310
Prefunding balanced used to offset prior years funding requirement2023-03-310
Amount remaining of carryover balance2023-03-310
Amount remaining of prefunding balance2023-03-31365,560
Present value of excess contributions2023-03-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-03-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-03-310
Reductions in caryover balances due to elections or deemed elections2023-03-310
Reductions in prefunding balances due to elections or deemed elections2023-03-310
Balance of carryovers at beginning of current year2023-03-310
Balance of prefunding at beginning of current year2023-03-31384,386
Total employer contributions2023-03-310
Total employee contributions2023-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2023-03-310
Contributions made to avoid restrictions adjusted to valuation date2023-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-03-310
Unpaid minimum required contributions for all prior years2023-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-03-310
Remaining amount of unpaid minimum required contributions2023-03-310
Minimum required contributions for current year target normal cost2023-03-310
Net shortfall amortization installment of oustanding balance2023-03-31467,184
Waiver amortization installment2023-03-310
Total funding amount beforereflecting carryover/prefunding balances2023-03-3143,283
Carryover balance elected to use to offset funding requirement2023-03-310
Prefunding balance elected to use to offset funding requirement2023-03-3143,283
Additional cash requirement2023-03-310
Contributions allocatedtoward minimum required contributions for current year2023-03-310
Unpaid minimum required contributions for current year2023-03-310
Unpaid minimum required contributions for all years2023-03-310
2022: MARK ONE ELECTRIC CO., INC. CASH BALANCE PLAN & TRUST 2022 401k membership
Market value of plan assets2022-03-315,380,239
Acturial value of plan assets2022-03-315,380,239
Funding target for retired participants and beneficiaries receiving payment2022-03-310
Number of terminated vested participants2022-03-3122
Fundng target for terminated vested participants2022-03-31198,034
Active participant vested funding target2022-03-315,037,323
Number of active participants2022-03-3127
Total funding liabilities for active participants2022-03-315,046,740
Total participant count2022-03-3149
Total funding target for all participants2022-03-315,244,774
Balance at beginning of prior year after applicable adjustments2022-03-310
Prefunding balance at beginning of prior year after applicable adjustments2022-03-31331,363
Carryover balanced portion elected for use to offset prior years funding requirement2022-03-310
Prefunding balanced used to offset prior years funding requirement2022-03-310
Amount remaining of carryover balance2022-03-310
Amount remaining of prefunding balance2022-03-31331,363
Present value of excess contributions2022-03-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-03-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-03-310
Reductions in caryover balances due to elections or deemed elections2022-03-310
Reductions in prefunding balances due to elections or deemed elections2022-03-310
Balance of carryovers at beginning of current year2022-03-310
Balance of prefunding at beginning of current year2022-03-31365,560
Total employer contributions2022-03-310
Total employee contributions2022-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-03-310
Contributions made to avoid restrictions adjusted to valuation date2022-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-03-310
Unpaid minimum required contributions for all prior years2022-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-03-310
Remaining amount of unpaid minimum required contributions2022-03-310
Minimum required contributions for current year target normal cost2022-03-310
Net shortfall amortization installment of oustanding balance2022-03-310
Waiver amortization installment2022-03-310
Total funding amount beforereflecting carryover/prefunding balances2022-03-310
Carryover balance elected to use to offset funding requirement2022-03-310
Prefunding balance elected to use to offset funding requirement2022-03-310
Additional cash requirement2022-03-310
Contributions allocatedtoward minimum required contributions for current year2022-03-310
Unpaid minimum required contributions for current year2022-03-310
Unpaid minimum required contributions for all years2022-03-310
2021: MARK ONE ELECTRIC CO., INC. CASH BALANCE PLAN & TRUST 2021 401k membership
Market value of plan assets2021-03-315,278,106
Acturial value of plan assets2021-03-315,278,106
Funding target for retired participants and beneficiaries receiving payment2021-03-310
Number of terminated vested participants2021-03-3134
Fundng target for terminated vested participants2021-03-31184,899
Active participant vested funding target2021-03-314,665,410
Number of active participants2021-03-3133
Total funding liabilities for active participants2021-03-314,682,128
Total participant count2021-03-3167
Total funding target for all participants2021-03-314,867,027
Balance at beginning of prior year after applicable adjustments2021-03-310
Prefunding balance at beginning of prior year after applicable adjustments2021-03-31321,337
Carryover balanced portion elected for use to offset prior years funding requirement2021-03-310
Prefunding balanced used to offset prior years funding requirement2021-03-310
Amount remaining of carryover balance2021-03-310
Amount remaining of prefunding balance2021-03-31321,337
Present value of excess contributions2021-03-3112,849
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-03-3112,849
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-03-310
Reductions in caryover balances due to elections or deemed elections2021-03-310
Reductions in prefunding balances due to elections or deemed elections2021-03-310
Balance of carryovers at beginning of current year2021-03-310
Balance of prefunding at beginning of current year2021-03-31331,363
Total employer contributions2021-03-310
Total employee contributions2021-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-03-310
Contributions made to avoid restrictions adjusted to valuation date2021-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-03-310
Unpaid minimum required contributions for all prior years2021-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-03-310
Remaining amount of unpaid minimum required contributions2021-03-310
Minimum required contributions for current year target normal cost2021-03-310
Net shortfall amortization installment of oustanding balance2021-03-310
Waiver amortization installment2021-03-310
Total funding amount beforereflecting carryover/prefunding balances2021-03-310
Carryover balance elected to use to offset funding requirement2021-03-310
Prefunding balance elected to use to offset funding requirement2021-03-310
Additional cash requirement2021-03-310
Contributions allocatedtoward minimum required contributions for current year2021-03-310
Unpaid minimum required contributions for current year2021-03-310
Unpaid minimum required contributions for all years2021-03-310
2020: MARK ONE ELECTRIC CO., INC. CASH BALANCE PLAN & TRUST 2020 401k membership
Market value of plan assets2020-03-314,390,459
Acturial value of plan assets2020-03-314,390,459
Funding target for retired participants and beneficiaries receiving payment2020-03-310
Number of terminated vested participants2020-03-3131
Fundng target for terminated vested participants2020-03-31162,189
Active participant vested funding target2020-03-314,211,120
Number of active participants2020-03-3146
Total funding liabilities for active participants2020-03-314,217,254
Total participant count2020-03-3177
Total funding target for all participants2020-03-314,379,443
Balance at beginning of prior year after applicable adjustments2020-03-310
Prefunding balance at beginning of prior year after applicable adjustments2020-03-31301,668
Carryover balanced portion elected for use to offset prior years funding requirement2020-03-310
Prefunding balanced used to offset prior years funding requirement2020-03-310
Amount remaining of carryover balance2020-03-310
Amount remaining of prefunding balance2020-03-31301,668
Present value of excess contributions2020-03-31301
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-03-31301
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-03-310
Reductions in caryover balances due to elections or deemed elections2020-03-310
Reductions in prefunding balances due to elections or deemed elections2020-03-310
Balance of carryovers at beginning of current year2020-03-310
Balance of prefunding at beginning of current year2020-03-31321,337
Total employer contributions2020-03-31489,025
Total employee contributions2020-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-03-310
Contributions made to avoid restrictions adjusted to valuation date2020-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-03-31490,839
Unpaid minimum required contributions for all prior years2020-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-03-310
Remaining amount of unpaid minimum required contributions2020-03-310
Minimum required contributions for current year target normal cost2020-03-31476,000
Net shortfall amortization installment of oustanding balance2020-03-310
Waiver amortization installment2020-03-310
Total funding amount beforereflecting carryover/prefunding balances2020-03-31476,000
Carryover balance elected to use to offset funding requirement2020-03-310
Prefunding balance elected to use to offset funding requirement2020-03-310
Additional cash requirement2020-03-31476,000
Contributions allocatedtoward minimum required contributions for current year2020-03-31490,839
Unpaid minimum required contributions for current year2020-03-310
Unpaid minimum required contributions for all years2020-03-310
2019: MARK ONE ELECTRIC CO., INC. CASH BALANCE PLAN & TRUST 2019 401k membership
Market value of plan assets2019-03-313,770,288
Acturial value of plan assets2019-03-313,770,288
Funding target for retired participants and beneficiaries receiving payment2019-03-310
Number of terminated vested participants2019-03-3129
Fundng target for terminated vested participants2019-03-31128,277
Active participant vested funding target2019-03-313,551,477
Number of active participants2019-03-3141
Total funding liabilities for active participants2019-03-313,552,075
Total participant count2019-03-3170
Total funding target for all participants2019-03-313,680,352
Balance at beginning of prior year after applicable adjustments2019-03-310
Prefunding balance at beginning of prior year after applicable adjustments2019-03-31293,394
Carryover balanced portion elected for use to offset prior years funding requirement2019-03-310
Prefunding balanced used to offset prior years funding requirement2019-03-310
Amount remaining of carryover balance2019-03-310
Amount remaining of prefunding balance2019-03-31293,394
Present value of excess contributions2019-03-3155,752
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-03-3155,752
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-03-310
Reductions in caryover balances due to elections or deemed elections2019-03-310
Reductions in prefunding balances due to elections or deemed elections2019-03-310
Balance of carryovers at beginning of current year2019-03-310
Balance of prefunding at beginning of current year2019-03-31301,668
Total employer contributions2019-03-31479,901
Total employee contributions2019-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-03-310
Contributions made to avoid restrictions adjusted to valuation date2019-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-03-31466,869
Unpaid minimum required contributions for all prior years2019-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-03-310
Remaining amount of unpaid minimum required contributions2019-03-310
Minimum required contributions for current year target normal cost2019-03-31466,568
Net shortfall amortization installment of oustanding balance2019-03-310
Waiver amortization installment2019-03-310
Total funding amount beforereflecting carryover/prefunding balances2019-03-31466,568
Carryover balance elected to use to offset funding requirement2019-03-310
Prefunding balance elected to use to offset funding requirement2019-03-310
Additional cash requirement2019-03-31466,568
Contributions allocatedtoward minimum required contributions for current year2019-03-31466,869
Unpaid minimum required contributions for current year2019-03-310
Unpaid minimum required contributions for all years2019-03-310
2018: MARK ONE ELECTRIC CO., INC. CASH BALANCE PLAN & TRUST 2018 401k membership
Market value of plan assets2018-03-313,038,719
Acturial value of plan assets2018-03-313,038,719
Funding target for retired participants and beneficiaries receiving payment2018-03-310
Number of terminated vested participants2018-03-3123
Fundng target for terminated vested participants2018-03-3160,277
Active participant vested funding target2018-03-312,959,294
Number of active participants2018-03-3144
Total funding liabilities for active participants2018-03-312,960,121
Total participant count2018-03-3167
Total funding target for all participants2018-03-313,020,398
Balance at beginning of prior year after applicable adjustments2018-03-310
Prefunding balance at beginning of prior year after applicable adjustments2018-03-31288,801
Carryover balanced portion elected for use to offset prior years funding requirement2018-03-310
Prefunding balanced used to offset prior years funding requirement2018-03-317,476
Amount remaining of carryover balance2018-03-310
Amount remaining of prefunding balance2018-03-31281,325
Present value of excess contributions2018-03-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-03-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-03-310
Reductions in caryover balances due to elections or deemed elections2018-03-310
Reductions in prefunding balances due to elections or deemed elections2018-03-310
Balance of carryovers at beginning of current year2018-03-310
Balance of prefunding at beginning of current year2018-03-31293,394
Total employer contributions2018-03-31485,979
Total employee contributions2018-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-03-310
Contributions made to avoid restrictions adjusted to valuation date2018-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-03-31486,130
Unpaid minimum required contributions for all prior years2018-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-03-310
Remaining amount of unpaid minimum required contributions2018-03-310
Minimum required contributions for current year target normal cost2018-03-31430,378
Net shortfall amortization installment of oustanding balance2018-03-310
Waiver amortization installment2018-03-310
Total funding amount beforereflecting carryover/prefunding balances2018-03-31430,378
Carryover balance elected to use to offset funding requirement2018-03-310
Prefunding balance elected to use to offset funding requirement2018-03-310
Additional cash requirement2018-03-31430,378
Contributions allocatedtoward minimum required contributions for current year2018-03-31486,130
Unpaid minimum required contributions for current year2018-03-310
Unpaid minimum required contributions for all years2018-03-310
2017: MARK ONE ELECTRIC CO., INC. CASH BALANCE PLAN & TRUST 2017 401k membership
Market value of plan assets2017-03-312,548,427
Acturial value of plan assets2017-03-312,548,427
Funding target for retired participants and beneficiaries receiving payment2017-03-310
Number of terminated vested participants2017-03-3119
Fundng target for terminated vested participants2017-03-3148,869
Active participant vested funding target2017-03-312,225,947
Number of active participants2017-03-3139
Total funding liabilities for active participants2017-03-312,227,159
Total participant count2017-03-3158
Total funding target for all participants2017-03-312,276,028
Balance at beginning of prior year after applicable adjustments2017-03-310
Prefunding balance at beginning of prior year after applicable adjustments2017-03-31284,954
Carryover balanced portion elected for use to offset prior years funding requirement2017-03-310
Prefunding balanced used to offset prior years funding requirement2017-03-310
Amount remaining of carryover balance2017-03-310
Amount remaining of prefunding balance2017-03-31284,954
Present value of excess contributions2017-03-31144,863
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-03-31144,863
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-03-310
Reductions in caryover balances due to elections or deemed elections2017-03-310
Reductions in prefunding balances due to elections or deemed elections2017-03-310
Balance of carryovers at beginning of current year2017-03-310
Balance of prefunding at beginning of current year2017-03-31288,801
Total employer contributions2017-03-31400,273
Total employee contributions2017-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-03-310
Contributions made to avoid restrictions adjusted to valuation date2017-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-03-31407,461
Unpaid minimum required contributions for all prior years2017-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-03-310
Remaining amount of unpaid minimum required contributions2017-03-310
Minimum required contributions for current year target normal cost2017-03-31414,937
Net shortfall amortization installment of oustanding balance2017-03-310
Waiver amortization installment2017-03-310
Total funding amount beforereflecting carryover/prefunding balances2017-03-31414,937
Carryover balance elected to use to offset funding requirement2017-03-310
Prefunding balance elected to use to offset funding requirement2017-03-317,476
Additional cash requirement2017-03-31407,461
Contributions allocatedtoward minimum required contributions for current year2017-03-31407,461
Unpaid minimum required contributions for current year2017-03-310
Unpaid minimum required contributions for all years2017-03-310

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