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EMPLOYEE BENEFITS PLAN OF OPERATION ABLE OF MICHIGAN 401k Plan overview

Plan NameEMPLOYEE BENEFITS PLAN OF OPERATION ABLE OF MICHIGAN
Plan identification number 003

EMPLOYEE BENEFITS PLAN OF OPERATION ABLE OF MICHIGAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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

SPECTRUM HUMAN SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:SPECTRUM HUMAN SERVICES, INC.
Employer identification number (EIN):510154248
NAIC Classification:624100
NAIC Description: Individual and Family Services

Additional information about SPECTRUM HUMAN SERVICES, INC.

Jurisdiction of Incorporation: Michigan Secretary of State
Incorporation Date: 0000-00-00
Company Identification Number: 826006
Legal Registered Office Address: JOY RD WESTLAND 48185


United States of America (USA)
28303

More information about SPECTRUM HUMAN SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFITS PLAN OF OPERATION ABLE OF MICHIGAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01MARY MCDOUGALL2023-10-03 MARY MCDOUGALL2023-10-03
0032021-01-01MARY MCDOUGALL2022-10-17 MARY MCDOUGALL2022-10-17
0032020-01-01JOSHUA SWANINGER2021-10-08 JOSHUA SWANINGER2021-10-08

Plan Statistics for EMPLOYEE BENEFITS PLAN OF OPERATION ABLE OF MICHIGAN

401k plan membership statisitcs for EMPLOYEE BENEFITS PLAN OF OPERATION ABLE OF MICHIGAN

Measure Date Value
2022: EMPLOYEE BENEFITS PLAN OF OPERATION ABLE OF MICHIGAN 2022 401k membership
Market value of plan assets2022-12-31913,155
Acturial value of plan assets2022-12-31913,155
Funding target for retired participants and beneficiaries receiving payment2022-12-31161,640
Number of terminated vested participants2022-12-318
Fundng target for terminated vested participants2022-12-31731,791
Active participant vested funding target2022-12-310
Number of active participants2022-12-310
Total funding liabilities for active participants2022-12-310
Total participant count2022-12-3113
Total funding target for all participants2022-12-31893,431
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31453
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 balance2022-12-31453
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
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 year2022-12-31512
Total employer contributions2022-12-310
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 date2022-12-310
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 cost2022-12-3112,000
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: EMPLOYEE BENEFITS PLAN OF OPERATION ABLE OF MICHIGAN 2021 401k membership
Market value of plan assets2021-12-311,037,091
Acturial value of plan assets2021-12-311,037,091
Funding target for retired participants and beneficiaries receiving payment2021-12-31164,976
Number of terminated vested participants2021-12-319
Fundng target for terminated vested participants2021-12-31829,123
Active participant vested funding target2021-12-310
Number of active participants2021-12-310
Total funding liabilities for active participants2021-12-310
Total participant count2021-12-3114
Total funding target for all participants2021-12-31994,099
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31300
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 balance2021-12-31300
Present value of excess contributions2021-12-31108
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31114
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-31114
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 year2021-12-31453
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
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
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 cost2021-12-3112,000
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
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: EMPLOYEE BENEFITS PLAN OF OPERATION ABLE OF MICHIGAN 2020 401k membership
Market value of plan assets2020-12-31910,228
Acturial value of plan assets2020-12-31910,228
Funding target for retired participants and beneficiaries receiving payment2020-12-31168,676
Number of terminated vested participants2020-12-317
Fundng target for terminated vested participants2020-12-31304,857
Active participant vested funding target2020-12-31462,154
Number of active participants2020-12-312
Total funding liabilities for active participants2020-12-31462,154
Total participant count2020-12-3114
Total funding target for all participants2020-12-31935,687
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3187
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 balance2020-12-3187
Present value of excess contributions2020-12-31186
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31196
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-31196
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 year2020-12-31300
Total employer contributions2020-12-3130,169
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 date2020-12-3127,491
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
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 cost2020-12-3110,000
Net shortfall amortization installment of oustanding balance2020-12-3125,759
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3127,383
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-3127,383
Contributions allocatedtoward minimum required contributions for current year2020-12-3127,491
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310

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