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ATLANTIC POWER SOLUTIONS, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameATLANTIC POWER SOLUTIONS, INC. CASH BALANCE PENSION PLAN
Plan identification number 001

ATLANTIC POWER SOLUTIONS, INC. CASH BALANCE PENSION PLAN Benefits

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

ATLANTIC POWER SOLUTIONS, INC. has sponsored the creation of one or more 401k plans.

Company Name:ATLANTIC POWER SOLUTIONS, INC.
Employer identification number (EIN):562273408
NAIC Classification:423600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ATLANTIC POWER SOLUTIONS, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01WALTER PETTY2023-07-20 WALTER PETTY2023-07-20
0012021-01-01WALTER PETTY2022-07-27 WALTER PETTY2022-07-27
0012020-01-01ABBY PETTY2021-07-05 ABBY PETTY2021-07-05
0012020-01-01ABBY PETTY2021-07-05 ABBY PETTY2021-07-05
0012020-01-01ABBY PETTY2021-07-05 ABBY PETTY2021-07-05
0012019-01-01ABBY PETTY2020-07-29 ABBY PETTY2020-07-29
0012018-01-01ABBY PETTY2019-07-23 ABBY PETTY2019-07-23
0012017-01-01ABBY PETTY2018-07-25 ABBY PETTY2018-07-25
0012016-01-01ABBY PETTY2017-07-31
0012015-01-01WALTER PETTY2016-07-19 WALTER PETTY2016-07-19
0012014-01-01WALTER PETTY2015-07-30 WALTER PETTY2015-07-30
0012013-01-01WALTER PETTY2014-07-24 WALTER PETTY2014-07-24

Plan Statistics for ATLANTIC POWER SOLUTIONS, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for ATLANTIC POWER SOLUTIONS, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2022: ATLANTIC POWER SOLUTIONS, INC. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-312,497,112
Acturial value of plan assets2022-12-312,497,112
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-311
Fundng target for terminated vested participants2022-12-3111,842
Active participant vested funding target2022-12-312,508,649
Number of active participants2022-12-3110
Total funding liabilities for active participants2022-12-312,508,649
Total participant count2022-12-3111
Total funding target for all participants2022-12-312,520,491
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 contributions2022-12-310
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 year2022-12-310
Total employer contributions2022-12-31264,277
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 date2022-12-31260,597
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 cost2022-12-31252,454
Net shortfall amortization installment of oustanding balance2022-12-3123,379
Total funding amount beforereflecting carryover/prefunding balances2022-12-31254,614
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31254,614
Contributions allocatedtoward minimum required contributions for current year2022-12-31260,597
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: ATLANTIC POWER SOLUTIONS, INC. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-313,003,343
Acturial value of plan assets2021-12-313,003,343
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-311
Fundng target for terminated vested participants2021-12-312,478
Active participant vested funding target2021-12-312,241,071
Number of active participants2021-12-319
Total funding liabilities for active participants2021-12-312,241,071
Total participant count2021-12-3110
Total funding target for all participants2021-12-312,243,549
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
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 balance2021-12-310
Present value of excess contributions2021-12-31359,254
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31359,254
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
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 cost2021-12-31160,257
Net shortfall amortization installment of oustanding balance2021-12-310
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: ATLANTIC POWER SOLUTIONS, INC. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-312,173,077
Acturial value of plan assets2020-12-312,173,077
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-311,950,323
Number of active participants2020-12-3110
Total funding liabilities for active participants2020-12-311,950,323
Total participant count2020-12-3110
Total funding target for all participants2020-12-311,950,323
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 contributions2020-12-3186,337
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3186,337
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 contributions2020-12-31401,161
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 date2020-12-31398,081
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 cost2020-12-31261,581
Net shortfall amortization installment of oustanding balance2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3138,827
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-3138,827
Contributions allocatedtoward minimum required contributions for current year2020-12-31398,081
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: ATLANTIC POWER SOLUTIONS, INC. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-311,662,652
Acturial value of plan assets2019-12-311,662,652
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-317,758
Active participant vested funding target2019-12-311,573,227
Number of active participants2019-12-3112
Total funding liabilities for active participants2019-12-311,573,227
Total participant count2019-12-3113
Total funding target for all participants2019-12-311,580,985
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 contributions2019-12-3134,091
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3134,091
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 contributions2019-12-31250,000
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 date2019-12-31248,250
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 cost2019-12-31243,580
Net shortfall amortization installment of oustanding balance2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31161,913
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31161,913
Contributions allocatedtoward minimum required contributions for current year2019-12-31248,250
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: ATLANTIC POWER SOLUTIONS, INC. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-311,106,128
Acturial value of plan assets2018-12-311,106,128
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-311,737
Active participant vested funding target2018-12-311,262,476
Number of active participants2018-12-3110
Total funding liabilities for active participants2018-12-311,262,476
Total participant count2018-12-3111
Total funding target for all participants2018-12-311,264,213
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 contributions2018-12-3133,590
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3133,590
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31300,000
Total employee contributions2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31295,379
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31235,481
Net shortfall amortization installment of oustanding balance2018-12-31158,085
Total funding amount beforereflecting carryover/prefunding balances2018-12-31261,288
Additional cash requirement2018-12-31261,288
Contributions allocatedtoward minimum required contributions for current year2018-12-31295,379
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: ATLANTIC POWER SOLUTIONS, INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-31917,226
Acturial value of plan assets2017-12-31917,226
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-315,340
Active participant vested funding target2017-12-31802,592
Number of active participants2017-12-318
Total funding liabilities for active participants2017-12-31802,592
Total participant count2017-12-3110
Total funding target for all participants2017-12-31807,932
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 contributions2017-12-3153,701
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3153,701
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 contributions2017-12-31273,376
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 date2017-12-31265,620
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 cost2017-12-31341,324
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31232,030
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31232,030
Contributions allocatedtoward minimum required contributions for current year2017-12-31265,620
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: ATLANTIC POWER SOLUTIONS, INC. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31469,158
Acturial value of plan assets2016-12-31469,158
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-31884
Active participant vested funding target2016-12-31429,052
Number of active participants2016-12-319
Total funding liabilities for active participants2016-12-31429,052
Total participant count2016-12-3110
Total funding target for all participants2016-12-31429,936
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 contributions2016-12-3142,393
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3142,393
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31348,391
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 date2016-12-31338,883
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 cost2016-12-31324,404
Net shortfall amortization installment of oustanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31285,182
Additional cash requirement2016-12-31285,182
Contributions allocatedtoward minimum required contributions for current year2016-12-31338,883
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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