SOUTH ATLANTIC EMPLOYEES' PENSION PLAN 401k Plan overview

SOUTH ATLANTIC EMPLOYEES' PENSION PLAN Benefits

401k Sponsoring company profile

Company Name:	SOUTH ATLANTIC BONDED WAREHOUSE CORPORATION
Employer identification number (EIN):	560405260
NAIC Classification:	493100

Additional information about SOUTH ATLANTIC BONDED WAREHOUSE CORPORATION

Jurisdiction of Incorporation:	North Carolina Secretary of State
Incorporation Date:
Company Identification Number:	0135678

More information about SOUTH ATLANTIC BONDED WAREHOUSE CORPORATION

Form 5500 Filing Information

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2017-05-27
001	2016-05-27	BRIDGET STOCKMAN	2018-03-15	BRIDGET STOCKMAN	2018-03-15
001	2015-05-27	BRIDGET STOCKMAN	2017-02-21	BRIDGET STOCKMAN	2017-02-21
001	2014-05-27	BRIDGET KEY	2016-03-14	BRIDGET KEY	2016-03-14
001	2013-05-27	BRIDGET KEY	2015-03-11	BRIDGET KEY	2015-03-11
001	2012-05-27	BRIDGET KEY	2014-03-14	BRIDGET KEY	2014-03-14
001	2011-05-27	BRIDGET KEY	2014-04-15
001	2010-05-27	BRIDGET KEY	2012-03-13	BRIDGET KEY	2012-03-13

Plan Statistics for SOUTH ATLANTIC EMPLOYEES' PENSION PLAN

Measure	Date	Value
2018: SOUTH ATLANTIC EMPLOYEES' PENSION PLAN 2018 401k membership
Market value of plan assets	2018-05-26	758,999
Acturial value of plan assets	2018-05-26	758,999
Funding target for retired participants and beneficiaries receiving payment	2018-05-26	68,867
Number of terminated vested participants	2018-05-26	30
Fundng target for terminated vested participants	2018-05-26	218,932
Active participant vested funding target	2018-05-26	614,249
Number of active participants	2018-05-26	5
Total funding liabilities for active participants	2018-05-26	614,249
Total participant count	2018-05-26	38
Total funding target for all participants	2018-05-26	902,048
Balance at beginning of prior year after applicable adjustments	2018-05-26	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-05-26	0
Amount remaining of carryover balance	2018-05-26	0
Amount remaining of prefunding balance	2018-05-26	0
Present value of excess contributions	2018-05-26	3
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-05-26	3
Balance of carryovers at beginning of current year	2018-05-26	0
Balance of prefunding at beginning of current year	2018-05-26	0
Total employer contributions	2018-05-26	448,000
Total employee contributions	2018-05-26	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-05-26	423,932
Liquidity shortfalls end of Q1	2018-05-26	0
Liquidity shortfalls end of Q2	2018-05-26	0
Liquidity shortfalls end of Q3	2018-05-26	0
Liquidity shortfalls end of Q4	2018-05-26	0
Remaining amount of unpaid minimum required contributions	2018-05-26	0
Minimum required contributions for current year target normal cost	2018-05-26	20,000
Net shortfall amortization installment of oustanding balance	2018-05-26	760,017
Total funding amount beforereflecting carryover/prefunding balances	2018-05-26	157,188
Additional cash requirement	2018-05-26	157,188
Contributions allocatedtoward minimum required contributions for current year	2018-05-26	423,932
Unpaid minimum required contributions for current year	2018-05-26	0
Unpaid minimum required contributions for all years	2018-05-26	0
2017: SOUTH ATLANTIC EMPLOYEES' PENSION PLAN 2017 401k membership
Market value of plan assets	2017-05-26	694,742
Acturial value of plan assets	2017-05-26	694,742
Funding target for retired participants and beneficiaries receiving payment	2017-05-26	69,737
Number of terminated vested participants	2017-05-26	30
Fundng target for terminated vested participants	2017-05-26	199,851
Active participant vested funding target	2017-05-26	557,317
Number of active participants	2017-05-26	5
Total funding liabilities for active participants	2017-05-26	557,317
Total participant count	2017-05-26	38
Total funding target for all participants	2017-05-26	826,905
Balance at beginning of prior year after applicable adjustments	2017-05-26	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-05-26	0
Amount remaining of carryover balance	2017-05-26	0
Amount remaining of prefunding balance	2017-05-26	0
Present value of excess contributions	2017-05-26	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-05-26	0
Balance of carryovers at beginning of current year	2017-05-26	0
Balance of prefunding at beginning of current year	2017-05-26	0
Total employer contributions	2017-05-26	142,030
Total employee contributions	2017-05-26	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-05-26	61,709
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-05-26	65,968
Liquidity shortfalls end of Q1	2017-05-26	0
Liquidity shortfalls end of Q2	2017-05-26	0
Liquidity shortfalls end of Q3	2017-05-26	0
Liquidity shortfalls end of Q4	2017-05-26	0
Unpaid minimum required contributions for all prior years	2017-05-26	61,709
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-05-26	61,709
Remaining amount of unpaid minimum required contributions	2017-05-26	0
Minimum required contributions for current year target normal cost	2017-05-26	20,000
Net shortfall amortization installment of oustanding balance	2017-05-26	132,163
Total funding amount beforereflecting carryover/prefunding balances	2017-05-26	64,272
Additional cash requirement	2017-05-26	64,272
Contributions allocatedtoward minimum required contributions for current year	2017-05-26	65,968
Unpaid minimum required contributions for current year	2017-05-26	0
Unpaid minimum required contributions for all years	2017-05-26	0

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• SOUTH ATLANTIC CONSTRUCTION CO. RETIREMENT PLAN [EIN = 561835803]
• SOUTH ATLANTIC LLC 401 (K) RETIREMENT PLAN [EIN = 561996898]
• SOUTH ATLANTIC ILA EMPLOYERS VACATION & HOLIDAY FUND [EIN = 592126468]
• SOUTH ATLANTIC PACKAGING CORPORATION, LLC 401(K) PROFIT SHARING PLAN [EIN = 814091598]
• SOUTH ATLANTIC SERVICES, INC. VISION EMPLOYEE BENEFIT PLAN [EIN = 560956028]
• SOUTH ATLANTIC EMPLOYERS DISTRICT ESCROW FUND [EIN = 592089249]
• SOUTH ATLANTIC SERVICES, INC. LIFE AND DISABILITY EMPLOYEE BENEFIT PLAN [EIN = 560956028]
• SOUTH ATLANTIC HEALTH CARE, LLC HEALTH AND WELFARE PLAN [EIN = 832213847]
• SOUTH ATLANTIC SERVICES, INC. HEALTH AND WELFARE EMPLOYEE BENEFIT PLAN [EIN = 560956028]
• SOUTH ATLANTIC BANK WELFARE BENEFIT PLAN [EIN = 261366826]
• SOUTH ATLANTIC SYSTEMS GROUP CASH BALANCE PLAN [EIN = 113699434]

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