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SILICON VALLEY MECHANICAL, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameSILICON VALLEY MECHANICAL, INC. CASH BALANCE PLAN
Plan identification number 002

SILICON VALLEY MECHANICAL, INC. CASH BALANCE 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.

401k Sponsoring company profile

SILICON VALLEY MECHANICAL, INC. has sponsored the creation of one or more 401k plans.

Company Name:SILICON VALLEY MECHANICAL, INC.
Employer identification number (EIN):464540945
NAIC Classification:238220
NAIC Description:Plumbing, Heating, and Air-Conditioning Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SILICON VALLEY MECHANICAL, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-10-01
0022020-10-01
0022019-10-01
0022018-10-01
0022017-10-01
0022016-10-01
0022015-10-01ELIAS AMIREH2017-07-05

Plan Statistics for SILICON VALLEY MECHANICAL, INC. CASH BALANCE PLAN

401k plan membership statisitcs for SILICON VALLEY MECHANICAL, INC. CASH BALANCE PLAN

Measure Date Value
2022: SILICON VALLEY MECHANICAL, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-09-303,063,041
Acturial value of plan assets2022-09-303,037,502
Funding target for retired participants and beneficiaries receiving payment2022-09-300
Number of terminated vested participants2022-09-307
Fundng target for terminated vested participants2022-09-3038,813
Active participant vested funding target2022-09-302,417,419
Number of active participants2022-09-3094
Total funding liabilities for active participants2022-09-302,542,967
Total participant count2022-09-30101
Total funding target for all participants2022-09-302,581,780
Balance at beginning of prior year after applicable adjustments2022-09-300
Prefunding balance at beginning of prior year after applicable adjustments2022-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2022-09-300
Prefunding balanced used to offset prior years funding requirement2022-09-300
Amount remaining of carryover balance2022-09-300
Amount remaining of prefunding balance2022-09-300
Present value of excess contributions2022-09-30596,684
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-09-30596,684
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-09-30596,684
Reductions in prefunding balances due to elections or deemed elections2022-09-300
Balance of carryovers at beginning of current year2022-09-300
Balance of prefunding at beginning of current year2022-09-30596,684
Total employer contributions2022-09-30700,000
Total employee contributions2022-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2022-09-300
Contributions made to avoid restrictions adjusted to valuation date2022-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-09-30638,041
Unpaid minimum required contributions for all prior years2022-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-09-300
Remaining amount of unpaid minimum required contributions2022-09-300
Minimum required contributions for current year target normal cost2022-09-30676,369
Net shortfall amortization installment of oustanding balance2022-09-30140,959
Waiver amortization installment2022-09-300
Total funding amount beforereflecting carryover/prefunding balances2022-09-30699,599
Carryover balance elected to use to offset funding requirement2022-09-300
Prefunding balance elected to use to offset funding requirement2022-09-30596,684
Additional cash requirement2022-09-30102,915
Contributions allocatedtoward minimum required contributions for current year2022-09-30638,041
Unpaid minimum required contributions for current year2022-09-300
Unpaid minimum required contributions for all years2022-09-300
2021: SILICON VALLEY MECHANICAL, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-09-302,276,141
Acturial value of plan assets2021-09-302,276,141
Funding target for retired participants and beneficiaries receiving payment2021-09-300
Number of terminated vested participants2021-09-309
Fundng target for terminated vested participants2021-09-3044,280
Active participant vested funding target2021-09-301,742,546
Number of active participants2021-09-3081
Total funding liabilities for active participants2021-09-301,742,546
Total participant count2021-09-3090
Total funding target for all participants2021-09-301,786,826
Balance at beginning of prior year after applicable adjustments2021-09-300
Prefunding balance at beginning of prior year after applicable adjustments2021-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2021-09-300
Prefunding balanced used to offset prior years funding requirement2021-09-300
Amount remaining of carryover balance2021-09-300
Amount remaining of prefunding balance2021-09-300
Present value of excess contributions2021-09-30427,229
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-09-30427,229
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-09-300
Reductions in caryover balances due to elections or deemed elections2021-09-300
Reductions in prefunding balances due to elections or deemed elections2021-09-300
Balance of carryovers at beginning of current year2021-09-300
Balance of prefunding at beginning of current year2021-09-300
Total employer contributions2021-09-30786,900
Total employee contributions2021-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-09-300
Contributions made to avoid restrictions adjusted to valuation date2021-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-09-30761,351
Unpaid minimum required contributions for all prior years2021-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-09-300
Remaining amount of unpaid minimum required contributions2021-09-300
Minimum required contributions for current year target normal cost2021-09-30653,989
Net shortfall amortization installment of oustanding balance2021-09-300
Total funding amount beforereflecting carryover/prefunding balances2021-09-30164,667
Carryover balance elected to use to offset funding requirement2021-09-300
Prefunding balance elected to use to offset funding requirement2021-09-300
Additional cash requirement2021-09-30164,667
Contributions allocatedtoward minimum required contributions for current year2021-09-30761,351
Unpaid minimum required contributions for current year2021-09-300
Unpaid minimum required contributions for all years2021-09-300
2020: SILICON VALLEY MECHANICAL, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-09-302,056,661
Acturial value of plan assets2020-09-302,056,661
Funding target for retired participants and beneficiaries receiving payment2020-09-300
Number of terminated vested participants2020-09-306
Fundng target for terminated vested participants2020-09-30997,809
Active participant vested funding target2020-09-301,053,785
Number of active participants2020-09-3068
Total funding liabilities for active participants2020-09-301,053,785
Total participant count2020-09-3074
Total funding target for all participants2020-09-302,051,594
Balance at beginning of prior year after applicable adjustments2020-09-300
Prefunding balance at beginning of prior year after applicable adjustments2020-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2020-09-300
Prefunding balanced used to offset prior years funding requirement2020-09-300
Amount remaining of carryover balance2020-09-300
Amount remaining of prefunding balance2020-09-300
Present value of excess contributions2020-09-3096,715
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-09-3096,715
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-09-300
Reductions in caryover balances due to elections or deemed elections2020-09-300
Reductions in prefunding balances due to elections or deemed elections2020-09-300
Balance of carryovers at beginning of current year2020-09-300
Balance of prefunding at beginning of current year2020-09-300
Total employer contributions2020-09-301,112,000
Total employee contributions2020-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-09-300
Contributions made to avoid restrictions adjusted to valuation date2020-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-09-301,071,177
Unpaid minimum required contributions for all prior years2020-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-09-300
Remaining amount of unpaid minimum required contributions2020-09-300
Minimum required contributions for current year target normal cost2020-09-30649,017
Net shortfall amortization installment of oustanding balance2020-09-300
Total funding amount beforereflecting carryover/prefunding balances2020-09-30643,948
Carryover balance elected to use to offset funding requirement2020-09-300
Prefunding balance elected to use to offset funding requirement2020-09-300
Additional cash requirement2020-09-30643,948
Contributions allocatedtoward minimum required contributions for current year2020-09-301,071,177
Unpaid minimum required contributions for current year2020-09-300
Unpaid minimum required contributions for all years2020-09-300
2019: SILICON VALLEY MECHANICAL, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-09-301,457,807
Acturial value of plan assets2019-09-301,457,807
Funding target for retired participants and beneficiaries receiving payment2019-09-300
Number of terminated vested participants2019-09-303
Fundng target for terminated vested participants2019-09-3012,742
Active participant vested funding target2019-09-301,458,882
Number of active participants2019-09-3049
Total funding liabilities for active participants2019-09-301,458,882
Total participant count2019-09-3052
Total funding target for all participants2019-09-301,471,624
Balance at beginning of prior year after applicable adjustments2019-09-300
Prefunding balance at beginning of prior year after applicable adjustments2019-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2019-09-300
Prefunding balanced used to offset prior years funding requirement2019-09-300
Amount remaining of carryover balance2019-09-300
Amount remaining of prefunding balance2019-09-300
Present value of excess contributions2019-09-3049,651
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-09-3049,651
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-09-300
Reductions in caryover balances due to elections or deemed elections2019-09-300
Reductions in prefunding balances due to elections or deemed elections2019-09-300
Balance of carryovers at beginning of current year2019-09-300
Balance of prefunding at beginning of current year2019-09-300
Total employer contributions2019-09-30582,411
Total employee contributions2019-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-09-300
Contributions made to avoid restrictions adjusted to valuation date2019-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-09-30562,323
Unpaid minimum required contributions for all prior years2019-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-09-300
Remaining amount of unpaid minimum required contributions2019-09-300
Minimum required contributions for current year target normal cost2019-09-30463,352
Net shortfall amortization installment of oustanding balance2019-09-3013,817
Total funding amount beforereflecting carryover/prefunding balances2019-09-30465,608
Carryover balance elected to use to offset funding requirement2019-09-300
Prefunding balance elected to use to offset funding requirement2019-09-300
Additional cash requirement2019-09-30465,608
Contributions allocatedtoward minimum required contributions for current year2019-09-30562,323
Unpaid minimum required contributions for current year2019-09-300
Unpaid minimum required contributions for all years2019-09-300
2018: SILICON VALLEY MECHANICAL, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-09-30964,466
Acturial value of plan assets2018-09-30964,466
Funding target for retired participants and beneficiaries receiving payment2018-09-300
Number of terminated vested participants2018-09-302
Fundng target for terminated vested participants2018-09-305,281
Active participant vested funding target2018-09-30929,435
Number of active participants2018-09-3045
Total funding liabilities for active participants2018-09-30929,435
Total participant count2018-09-3047
Total funding target for all participants2018-09-30934,716
Balance at beginning of prior year after applicable adjustments2018-09-300
Prefunding balance at beginning of prior year after applicable adjustments2018-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2018-09-300
Prefunding balanced used to offset prior years funding requirement2018-09-300
Amount remaining of carryover balance2018-09-300
Amount remaining of prefunding balance2018-09-300
Present value of excess contributions2018-09-3064,716
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-09-3064,716
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-09-300
Reductions in caryover balances due to elections or deemed elections2018-09-300
Reductions in prefunding balances due to elections or deemed elections2018-09-300
Balance of carryovers at beginning of current year2018-09-300
Balance of prefunding at beginning of current year2018-09-300
Total employer contributions2018-09-30485,030
Total employee contributions2018-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-09-300
Contributions made to avoid restrictions adjusted to valuation date2018-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-09-30471,006
Unpaid minimum required contributions for all prior years2018-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-09-300
Remaining amount of unpaid minimum required contributions2018-09-300
Minimum required contributions for current year target normal cost2018-09-30451,104
Net shortfall amortization installment of oustanding balance2018-09-300
Total funding amount beforereflecting carryover/prefunding balances2018-09-30421,355
Carryover balance elected to use to offset funding requirement2018-09-300
Prefunding balance elected to use to offset funding requirement2018-09-300
Additional cash requirement2018-09-30421,355
Contributions allocatedtoward minimum required contributions for current year2018-09-30471,006
Unpaid minimum required contributions for current year2018-09-300
Unpaid minimum required contributions for all years2018-09-300
2017: SILICON VALLEY MECHANICAL, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-09-30460,349
Acturial value of plan assets2017-09-30460,349
Funding target for retired participants and beneficiaries receiving payment2017-09-300
Number of terminated vested participants2017-09-300
Fundng target for terminated vested participants2017-09-300
Active participant vested funding target2017-09-300
Number of active participants2017-09-3038
Total funding liabilities for active participants2017-09-30444,105
Total participant count2017-09-3038
Total funding target for all participants2017-09-30444,105
Balance at beginning of prior year after applicable adjustments2017-09-300
Prefunding balance at beginning of prior year after applicable adjustments2017-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2017-09-300
Prefunding balanced used to offset prior years funding requirement2017-09-300
Amount remaining of carryover balance2017-09-300
Amount remaining of prefunding balance2017-09-300
Present value of excess contributions2017-09-3026,351
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-09-3026,351
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-09-300
Reductions in prefunding balances due to elections or deemed elections2017-09-300
Balance of carryovers at beginning of current year2017-09-300
Balance of prefunding at beginning of current year2017-09-300
Total employer contributions2017-09-30498,070
Total employee contributions2017-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-09-300
Contributions made to avoid restrictions adjusted to valuation date2017-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-09-30480,008
Unpaid minimum required contributions for all prior years2017-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-09-300
Remaining amount of unpaid minimum required contributions2017-09-300
Minimum required contributions for current year target normal cost2017-09-30431,538
Net shortfall amortization installment of oustanding balance2017-09-300
Total funding amount beforereflecting carryover/prefunding balances2017-09-30415,292
Carryover balance elected to use to offset funding requirement2017-09-300
Prefunding balance elected to use to offset funding requirement2017-09-300
Additional cash requirement2017-09-30415,292
Contributions allocatedtoward minimum required contributions for current year2017-09-30480,008
Unpaid minimum required contributions for current year2017-09-300
Unpaid minimum required contributions for all years2017-09-300

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