PANAMA CITY EMPLOYERS-ALA LOCAL NUMBER 1482 PENSION PLAN AND TRU ST has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan PANAMA CITY EMPLOYERS-ALA LOCAL NUMBER 1482 PENSIO
401k plan membership statisitcs for PANAMA CITY EMPLOYERS-ALA LOCAL NUMBER 1482 PENSIO
| Measure | Date | Value |
|---|
| 2019: PANAMA CITY EMPLOYERS-ALA LOCAL NUMBER 1482 PENSIO 2019 401k membership |
|---|
| Market value of plan assets | 2019-09-30 | 3,488,374 |
| Acturial value of plan assets | 2019-09-30 | 3,471,207 |
| Funding target for retired participants and beneficiaries receiving payment | 2019-09-30 | 3,166,849 |
| Number of terminated vested participants | 2019-09-30 | 21 |
| Fundng target for terminated vested participants | 2019-09-30 | 283,931 |
| Active participant vested funding target | 2019-09-30 | 7,329 |
| Number of active participants | 2019-09-30 | 1 |
| Total funding liabilities for active participants | 2019-09-30 | 7,329 |
| Total participant count | 2019-09-30 | 109 |
| Total funding target for all participants | 2019-09-30 | 3,458,109 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2019-09-30 | 115,258 |
| Prefunding balanced used to offset prior years funding requirement | 2019-09-30 | 17,932 |
| Amount remaining of prefunding balance | 2019-09-30 | 97,326 |
| Balance of carryovers at beginning of current year | 2019-09-30 | 0 |
| Balance of prefunding at beginning of current year | 2019-09-30 | 105,258 |
| Total employer contributions | 2019-09-30 | 100,000 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-09-30 | 88,389 |
| Liquidity shortfalls end of Q1 | 2019-09-30 | 0 |
| Liquidity shortfalls end of Q2 | 2019-09-30 | 0 |
| Liquidity shortfalls end of Q3 | 2019-09-30 | 0 |
| Liquidity shortfalls end of Q4 | 2019-09-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2019-09-30 | 0 |
| Minimum required contributions for current year target normal cost | 2019-09-30 | 60,000 |
| Net shortfall amortization installment of oustanding balance | 2019-09-30 | 92,160 |
| Total funding amount beforereflecting carryover/prefunding balances | 2019-09-30 | 83,974 |
| Carryover balance elected to use to offset funding requirement | 2019-09-30 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2019-09-30 | 0 |
| Additional cash requirement | 2019-09-30 | 83,974 |
| Contributions allocatedtoward minimum required contributions for current year | 2019-09-30 | 88,389 |
| Unpaid minimum required contributions for current year | 2019-09-30 | 0 |
| 2018: PANAMA CITY EMPLOYERS-ALA LOCAL NUMBER 1482 PENSIO 2018 401k membership |
|---|
| Total participants, beginning-of-year | 2018-10-01 | 109 |
| Total number of active participants reported on line 7a of the Form 5500 | 2018-10-01 | 1 |
| Number of retired or separated participants receiving benefits | 2018-10-01 | 87 |
| Number of other retired or separated participants entitled to future benefits | 2018-10-01 | 21 |
| Total of all active and inactive participants | 2018-10-01 | 109 |
| Total participants | 2018-10-01 | 109 |
| Market value of plan assets | 2018-09-30 | 3,590,466 |
| Acturial value of plan assets | 2018-09-30 | 3,493,860 |
| Funding target for retired participants and beneficiaries receiving payment | 2018-09-30 | 3,335,815 |
| Number of terminated vested participants | 2018-09-30 | 21 |
| Fundng target for terminated vested participants | 2018-09-30 | 276,285 |
| Active participant vested funding target | 2018-09-30 | 6,533 |
| Number of active participants | 2018-09-30 | 1 |
| Total funding liabilities for active participants | 2018-09-30 | 6,533 |
| Total participant count | 2018-09-30 | 112 |
| Total funding target for all participants | 2018-09-30 | 3,618,633 |
| Balance at beginning of prior year after applicable adjustments | 2018-09-30 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2018-09-30 | 109,688 |
| Prefunding balanced used to offset prior years funding requirement | 2018-09-30 | 242 |
| Amount remaining of carryover balance | 2018-09-30 | 0 |
| Amount remaining of prefunding balance | 2018-09-30 | 109,446 |
| Present value of excess contributions | 2018-09-30 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-09-30 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-09-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2018-09-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2018-09-30 | 0 |
| Balance of carryovers at beginning of current year | 2018-09-30 | 0 |
| Balance of prefunding at beginning of current year | 2018-09-30 | 115,258 |
| Total employer contributions | 2018-09-30 | 100,000 |
| Total employee contributions | 2018-09-30 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2018-09-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2018-09-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-09-30 | 87,103 |
| Liquidity shortfalls end of Q1 | 2018-09-30 | 0 |
| Liquidity shortfalls end of Q2 | 2018-09-30 | 0 |
| Liquidity shortfalls end of Q3 | 2018-09-30 | 0 |
| Liquidity shortfalls end of Q4 | 2018-09-30 | 0 |
| Unpaid minimum required contributions for all prior years | 2018-09-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-09-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2018-09-30 | 0 |
| Minimum required contributions for current year target normal cost | 2018-09-30 | 62,000 |
| Net shortfall amortization installment of oustanding balance | 2018-09-30 | 240,031 |
| Total funding amount beforereflecting carryover/prefunding balances | 2018-09-30 | 105,035 |
| Carryover balance elected to use to offset funding requirement | 2018-09-30 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2018-09-30 | 17,932 |
| Additional cash requirement | 2018-09-30 | 87,103 |
| Contributions allocatedtoward minimum required contributions for current year | 2018-09-30 | 87,103 |
| Unpaid minimum required contributions for current year | 2018-09-30 | 0 |
| 2017: PANAMA CITY EMPLOYERS-ALA LOCAL NUMBER 1482 PENSIO 2017 401k membership |
|---|
| Total participants, beginning-of-year | 2017-10-01 | 112 |
| Total number of active participants reported on line 7a of the Form 5500 | 2017-10-01 | 1 |
| Number of retired or separated participants receiving benefits | 2017-10-01 | 65 |
| Number of other retired or separated participants entitled to future benefits | 2017-10-01 | 21 |
| Total of all active and inactive participants | 2017-10-01 | 87 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-10-01 | 22 |
| Total participants | 2017-10-01 | 109 |
| Measure | Date | Value |
|---|
| 2019 : PANAMA CITY EMPLOYERS-ALA LOCAL NUMBER 1482 PENSIO 2019 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2019-09-30 | $99,864 |
| Total unrealized appreciation/depreciation of assets | 2019-09-30 | $99,864 |
| Total income from all sources (including contributions) | 2019-09-30 | $199,864 |
| Total of all expenses incurred | 2019-09-30 | $360,284 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-09-30 | $323,634 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-09-30 | $100,000 |
| Value of total assets at end of year | 2019-09-30 | $3,331,753 |
| Value of total assets at beginning of year | 2019-09-30 | $3,492,173 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-09-30 | $36,650 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-09-30 | No |
| Administrative expenses professional fees incurred | 2019-09-30 | $1,130 |
| Was this plan covered by a fidelity bond | 2019-09-30 | Yes |
| Value of fidelity bond cover | 2019-09-30 | $316,000 |
| If this is an individual account plan, was there a blackout period | 2019-09-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2019-09-30 | No |
| Administrative expenses (other) incurred | 2019-09-30 | $23,172 |
| Total non interest bearing cash at end of year | 2019-09-30 | $66,374 |
| Total non interest bearing cash at beginning of year | 2019-09-30 | $56,658 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-09-30 | No |
| Value of net income/loss | 2019-09-30 | $-160,420 |
| Value of net assets at end of year (total assets less liabilities) | 2019-09-30 | $3,331,753 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-09-30 | $3,492,173 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-09-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-09-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-09-30 | No |
| Value of interest in pooled separate accounts at end of year | 2019-09-30 | $3,165,379 |
| Value of interest in pooled separate accounts at beginning of year | 2019-09-30 | $3,335,515 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-09-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-09-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-09-30 | No |
| Contributions received in cash from employer | 2019-09-30 | $100,000 |
| Employer contributions (assets) at end of year | 2019-09-30 | $100,000 |
| Employer contributions (assets) at beginning of year | 2019-09-30 | $100,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-09-30 | $323,634 |
| Contract administrator fees | 2019-09-30 | $12,348 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2019-09-30 | No |
| Did the plan have assets held for investment | 2019-09-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-09-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-09-30 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-09-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2019-09-30 | Unqualified |
| Accountancy firm name | 2019-09-30 | KALIFEH BEDSOLE ADAMS, PC |
| Accountancy firm EIN | 2019-09-30 | 631134001 |
| 2018 : PANAMA CITY EMPLOYERS-ALA LOCAL NUMBER 1482 PENSIO 2018 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2018-09-30 | $194,842 |
| Total unrealized appreciation/depreciation of assets | 2018-09-30 | $194,842 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-09-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-09-30 | $0 |
| Total income from all sources (including contributions) | 2018-09-30 | $294,842 |
| Total loss/gain on sale of assets | 2018-09-30 | $0 |
| Total of all expenses incurred | 2018-09-30 | $395,221 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-09-30 | $336,759 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-09-30 | $100,000 |
| Value of total assets at end of year | 2018-09-30 | $3,492,173 |
| Value of total assets at beginning of year | 2018-09-30 | $3,592,552 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-09-30 | $58,462 |
| Total interest from all sources | 2018-09-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2018-09-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-09-30 | No |
| Administrative expenses professional fees incurred | 2018-09-30 | $11,986 |
| Was this plan covered by a fidelity bond | 2018-09-30 | Yes |
| Value of fidelity bond cover | 2018-09-30 | $316,000 |
| If this is an individual account plan, was there a blackout period | 2018-09-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2018-09-30 | No |
| Assets. Other investments not covered elsewhere at beginning of year | 2018-09-30 | $20,146 |
| Administrative expenses (other) incurred | 2018-09-30 | $34,078 |
| Total non interest bearing cash at end of year | 2018-09-30 | $56,658 |
| Total non interest bearing cash at beginning of year | 2018-09-30 | $36,733 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-09-30 | No |
| Value of net income/loss | 2018-09-30 | $-100,379 |
| Value of net assets at end of year (total assets less liabilities) | 2018-09-30 | $3,492,173 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-09-30 | $3,592,552 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-09-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-09-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-09-30 | No |
| Value of interest in pooled separate accounts at end of year | 2018-09-30 | $3,335,515 |
| Value of interest in pooled separate accounts at beginning of year | 2018-09-30 | $3,435,673 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-09-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-09-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2018-09-30 | No |
| Contributions received in cash from employer | 2018-09-30 | $100,000 |
| Employer contributions (assets) at end of year | 2018-09-30 | $100,000 |
| Employer contributions (assets) at beginning of year | 2018-09-30 | $100,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-09-30 | $336,759 |
| Contract administrator fees | 2018-09-30 | $12,398 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2018-09-30 | No |
| Did the plan have assets held for investment | 2018-09-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-09-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-09-30 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-09-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2018-09-30 | Unqualified |
| Accountancy firm name | 2018-09-30 | KALIFEH BEDSOLE ADAMS, PC |
| Accountancy firm EIN | 2018-09-30 | 631134001 |
