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T & T PUMP COMPANY, INC. PENSION PLAN AND TRUST 401k Plan overview

Plan NameT & T PUMP COMPANY, INC. PENSION PLAN AND TRUST
Plan identification number 001

T & T PUMP COMPANY, INC. PENSION PLAN AND TRUST Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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).
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

T & T PUMP COMPANY, INC. has sponsored the creation of one or more 401k plans.

Company Name:T & T PUMP COMPANY, INC.
Employer identification number (EIN):550484869
NAIC Classification:333510

Form 5500 Filing Information

Submission information for form 5500 for 401k plan T & T PUMP COMPANY, INC. PENSION PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01DONNIE TUCKER2023-08-17
0012021-01-01DONNIE TUCKER2022-07-20
0012020-01-01DONNIE TUCKER2021-07-28
0012019-01-01DONNIE TUCKER2020-10-09
0012018-01-01DONNIE TUCKER2019-09-20
0012017-01-01DONNIE TUCKER2018-10-04
0012016-01-01DONNIE TUCKER2017-10-16
0012015-01-01DONNIE TUCKER2016-10-11
0012014-01-01DONNIE TUCKER2015-09-14
0012013-01-01DONNIE TUCKER2014-09-24
0012012-01-01DONNIE TUCKER2013-10-08
0012011-01-01DONNIE TUCKER2012-06-26
0012010-01-01DONNIE TUCKER2011-10-04

Plan Statistics for T & T PUMP COMPANY, INC. PENSION PLAN AND TRUST

401k plan membership statisitcs for T & T PUMP COMPANY, INC. PENSION PLAN AND TRUST

Measure Date Value
2022: T & T PUMP COMPANY, INC. PENSION PLAN AND TRUST 2022 401k membership
Market value of plan assets2022-12-31342,858
Acturial value of plan assets2022-12-31342,858
Funding target for retired participants and beneficiaries receiving payment2022-12-31420,730
Number of terminated vested participants2022-12-316
Fundng target for terminated vested participants2022-12-3181,568
Active participant vested funding target2022-12-3147,176
Number of active participants2022-12-316
Total funding liabilities for active participants2022-12-3147,176
Total participant count2022-12-3115
Total funding target for all participants2022-12-31549,474
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 contributions2022-12-3112,128
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3112,788
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 year2022-12-310
Total employer contributions2022-12-3123,000
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 date2022-12-3121,982
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 cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-31206,616
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3119,804
Additional cash requirement2022-12-3119,804
Contributions allocatedtoward minimum required contributions for current year2022-12-3121,982
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: T & T PUMP COMPANY, INC. PENSION PLAN AND TRUST 2021 401k membership
Market value of plan assets2021-12-31486,432
Acturial value of plan assets2021-12-31486,432
Funding target for retired participants and beneficiaries receiving payment2021-12-31440,942
Number of terminated vested participants2021-12-316
Fundng target for terminated vested participants2021-12-3175,561
Active participant vested funding target2021-12-31137,141
Number of active participants2021-12-318
Total funding liabilities for active participants2021-12-31137,141
Total participant count2021-12-3117
Total funding target for all participants2021-12-31653,644
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-31547
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31575
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 contributions2021-12-3129,400
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 date2021-12-3127,719
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 balance2021-12-31167,212
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3115,591
Additional cash requirement2021-12-3115,591
Contributions allocatedtoward minimum required contributions for current year2021-12-3127,719
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: T & T PUMP COMPANY, INC. PENSION PLAN AND TRUST 2020 401k membership
Market value of plan assets2020-12-31458,114
Acturial value of plan assets2020-12-31458,114
Funding target for retired participants and beneficiaries receiving payment2020-12-31473,150
Number of terminated vested participants2020-12-317
Fundng target for terminated vested participants2020-12-3182,303
Active participant vested funding target2020-12-31134,857
Number of active participants2020-12-318
Total funding liabilities for active participants2020-12-31134,857
Total participant count2020-12-3118
Total funding target for all participants2020-12-31690,310
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 contributions2020-12-3168
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3172
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 contributions2020-12-3159,800
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 date2020-12-3158,014
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 cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-31232,196
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3157,467
Additional cash requirement2020-12-3157,467
Contributions allocatedtoward minimum required contributions for current year2020-12-3158,014
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: T & T PUMP COMPANY, INC. PENSION PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-12-31394,883
Acturial value of plan assets2019-12-31394,883
Funding target for retired participants and beneficiaries receiving payment2019-12-31461,787
Number of terminated vested participants2019-12-318
Fundng target for terminated vested participants2019-12-31105,284
Active participant vested funding target2019-12-31126,210
Number of active participants2019-12-318
Total funding liabilities for active participants2019-12-31126,210
Total participant count2019-12-3118
Total funding target for all participants2019-12-31693,281
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 contributions2019-12-3194
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3199
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 contributions2019-12-3174,500
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 date2019-12-3168,243
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 balance2019-12-31298,398
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3168,175
Additional cash requirement2019-12-3168,175
Contributions allocatedtoward minimum required contributions for current year2019-12-3168,243
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: T & T PUMP COMPANY, INC. PENSION PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-12-31409,221
Acturial value of plan assets2018-12-31409,221
Funding target for retired participants and beneficiaries receiving payment2018-12-31481,348
Number of terminated vested participants2018-12-318
Fundng target for terminated vested participants2018-12-3198,251
Active participant vested funding target2018-12-31117,652
Number of active participants2018-12-318
Total funding liabilities for active participants2018-12-31117,652
Total participant count2018-12-3118
Total funding target for all participants2018-12-31697,251
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 contributions2018-12-3195
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31100
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 contributions2018-12-3160,500
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 date2018-12-3154,686
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 cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-31288,030
Total funding amount beforereflecting carryover/prefunding balances2018-12-3154,592
Additional cash requirement2018-12-3154,592
Contributions allocatedtoward minimum required contributions for current year2018-12-3154,686
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: T & T PUMP COMPANY, INC. PENSION PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-12-31423,507
Acturial value of plan assets2017-12-31423,507
Funding target for retired participants and beneficiaries receiving payment2017-12-31461,968
Number of terminated vested participants2017-12-3110
Fundng target for terminated vested participants2017-12-31137,694
Active participant vested funding target2017-12-31110,748
Number of active participants2017-12-318
Total funding liabilities for active participants2017-12-31110,748
Total participant count2017-12-3120
Total funding target for all participants2017-12-31710,410
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
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 balance2017-12-310
Present value of excess contributions2017-12-3142
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3144
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 year2017-12-310
Total employer contributions2017-12-3153,480
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 date2017-12-3148,844
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 balance2017-12-31286,903
Total funding amount beforereflecting carryover/prefunding balances2017-12-3148,749
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3148,749
Contributions allocatedtoward minimum required contributions for current year2017-12-3148,844
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: T & T PUMP COMPANY, INC. PENSION PLAN AND TRUST 2016 401k membership
Market value of plan assets2016-12-31467,435
Acturial value of plan assets2016-12-31467,435
Funding target for retired participants and beneficiaries receiving payment2016-12-31476,179
Number of terminated vested participants2016-12-3110
Fundng target for terminated vested participants2016-12-31112,218
Active participant vested funding target2016-12-31178,155
Number of active participants2016-12-3111
Total funding liabilities for active participants2016-12-31178,155
Total participant count2016-12-3123
Total funding target for all participants2016-12-31766,552
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-3157
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3160
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 year2016-12-310
Total employer contributions2016-12-3150,800
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 date2016-12-3145,883
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 balance2016-12-31299,117
Total funding amount beforereflecting carryover/prefunding balances2016-12-3145,841
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3145,841
Contributions allocatedtoward minimum required contributions for current year2016-12-3145,883
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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