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FLOYD, SKEREN & KELLY, LLP CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameFLOYD, SKEREN & KELLY, LLP CASH BALANCE PENSION PLAN
Plan identification number 004

FLOYD, SKEREN & KELLY, LLP CASH BALANCE PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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).
  • 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.
  • 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 covering Self-Employed individuals.
  • 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

FLOYD SKEREN MANUKIAN LANGEVIN, LLP has sponsored the creation of one or more 401k plans.

Company Name:FLOYD SKEREN MANUKIAN LANGEVIN, LLP
Employer identification number (EIN):464244507
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FLOYD, SKEREN & KELLY, LLP CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042023-01-01JOHN FLOYD2023-05-05
0042022-01-01JOHN FLOYD2023-05-05
0042021-01-01JOHN FLOYD2022-10-14
0042020-01-01THOMAS SKEREN, JR.2021-10-15
0042019-01-01THOMAS SKEREN, JR.2020-10-15
0042018-01-01THOMAS SKEREN, JR.2019-10-14
0042017-01-01TOM SKEREN, JR.2018-10-12
0042016-01-01TOM SKEREN, JR.2017-10-06
0042015-01-01TOM SKEREN JR.2016-10-14
0042014-01-01TOM SKEREN JR.2015-10-14

Plan Statistics for FLOYD, SKEREN & KELLY, LLP CASH BALANCE PENSION PLAN

401k plan membership statisitcs for FLOYD, SKEREN & KELLY, LLP CASH BALANCE PENSION PLAN

Measure Date Value
2021: FLOYD, SKEREN & KELLY, LLP CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-313,561,270
Acturial value of plan assets2021-12-313,561,270
Funding target for retired participants and beneficiaries receiving payment2021-12-311,068,482
Number of terminated vested participants2021-12-3127
Fundng target for terminated vested participants2021-12-3150,190
Active participant vested funding target2021-12-312,886,396
Number of active participants2021-12-3140
Total funding liabilities for active participants2021-12-312,886,396
Total participant count2021-12-3168
Total funding target for all participants2021-12-314,005,068
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3191,456
Prefunding balanced used to offset prior years funding requirement2021-12-3118,377
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-3173,079
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
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 year2021-12-3172,999
Total employer contributions2021-12-310
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 date2021-12-310
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 cost2021-12-310
Net shortfall amortization installment of oustanding balance2021-12-31516,796
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3150,491
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-3150,491
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: FLOYD, SKEREN & KELLY, LLP CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-313,529,333
Acturial value of plan assets2020-12-313,529,333
Funding target for retired participants and beneficiaries receiving payment2020-12-311,058,605
Number of terminated vested participants2020-12-3127
Fundng target for terminated vested participants2020-12-3148,765
Active participant vested funding target2020-12-312,872,190
Number of active participants2020-12-3140
Total funding liabilities for active participants2020-12-312,872,190
Total participant count2020-12-3168
Total funding target for all participants2020-12-313,979,560
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3113,914
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 balance2020-12-3113,914
Present value of excess contributions2020-12-3176,300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3176,300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3176,300
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 year2020-12-3191,457
Total employer contributions2020-12-3135,000
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 date2020-12-3131,937
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 cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-31546,749
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3151,332
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-3119,395
Additional cash requirement2020-12-3131,937
Contributions allocatedtoward minimum required contributions for current year2020-12-3131,937
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: FLOYD, SKEREN & KELLY, LLP CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-313,594,471
Acturial value of plan assets2019-12-313,594,471
Funding target for retired participants and beneficiaries receiving payment2019-12-311,110,278
Number of terminated vested participants2019-12-3124
Fundng target for terminated vested participants2019-12-3196,020
Active participant vested funding target2019-12-312,839,229
Number of active participants2019-12-3145
Total funding liabilities for active participants2019-12-312,839,229
Total participant count2019-12-3170
Total funding target for all participants2019-12-314,045,527
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3114,960
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 balance2019-12-3114,960
Present value of excess contributions2019-12-31191,375
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31191,375
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 year2019-12-3113,914
Total employer contributions2019-12-31179,000
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 date2019-12-31168,718
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 cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-31465,718
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3192,418
Additional cash requirement2019-12-3192,418
Contributions allocatedtoward minimum required contributions for current year2019-12-31168,718
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: FLOYD, SKEREN & KELLY, LLP CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-313,052,886
Acturial value of plan assets2018-12-313,052,886
Funding target for retired participants and beneficiaries receiving payment2018-12-311,120,924
Number of terminated vested participants2018-12-3113
Fundng target for terminated vested participants2018-12-3127,214
Active participant vested funding target2018-12-311,247,645
Number of active participants2018-12-3157
Total funding liabilities for active participants2018-12-311,247,645
Total participant count2018-12-3171
Total funding target for all participants2018-12-312,395,783
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3113,465
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 balance2018-12-3113,465
Present value of excess contributions2018-12-31659,612
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31659,612
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 year2018-12-3114,960
Total employer contributions2018-12-31355,000
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 date2018-12-31341,889
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 cost2018-12-31998,668
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31357,348
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-3115,459
Additional cash requirement2018-12-31341,889
Contributions allocatedtoward minimum required contributions for current year2018-12-31341,889
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: FLOYD, SKEREN & KELLY, LLP CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-313,071,291
Acturial value of plan assets2017-12-313,071,291
Funding target for retired participants and beneficiaries receiving payment2017-12-311,125,823
Number of terminated vested participants2017-12-3114
Fundng target for terminated vested participants2017-12-3128,969
Active participant vested funding target2017-12-311,558,572
Number of active participants2017-12-3152
Total funding liabilities for active participants2017-12-311,558,595
Total participant count2017-12-3167
Total funding target for all participants2017-12-312,713,387
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3112,513
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-3112,513
Present value of excess contributions2017-12-31606,786
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31606,786
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
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 year2017-12-3113,464
Total employer contributions2017-12-31686,000
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 date2017-12-31659,612
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 cost2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31659,612
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: FLOYD, SKEREN & KELLY, LLP CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-312,191,655
Acturial value of plan assets2016-12-312,191,655
Funding target for retired participants and beneficiaries receiving payment2016-12-311,128,783
Number of terminated vested participants2016-12-3116
Fundng target for terminated vested participants2016-12-31313,159
Active participant vested funding target2016-12-311,131,782
Number of active participants2016-12-3141
Total funding liabilities for active participants2016-12-311,131,924
Total participant count2016-12-3158
Total funding target for all participants2016-12-312,573,866
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31176,913
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-31164,176
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3112,737
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 year2016-12-3112,513
Total employer contributions2016-12-31710,000
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 date2016-12-31678,300
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 cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-31395,483
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3171,514
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3171,514
Contributions allocatedtoward minimum required contributions for current year2016-12-31678,300
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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