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THE HOME IMPROVEMENTS GROUP, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameTHE HOME IMPROVEMENTS GROUP, INC. CASH BALANCE PENSION PLAN
Plan identification number 002

THE HOME IMPROVEMENTS GROUP, 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

THE HOME IMPROVEMENTS GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:THE HOME IMPROVEMENTS GROUP, INC.
Employer identification number (EIN):680334334
NAIC Classification:541400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE HOME IMPROVEMENTS GROUP, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022017-07-01CHRIS DREITH2019-02-25
0022016-07-01CHRIS DREITH2018-04-16
0022015-07-01CHRIS DREITH2017-04-14
0022014-07-01CHRIS DREITH2016-03-23
0022013-07-01CHRIS DREITH2015-02-17

Plan Statistics for THE HOME IMPROVEMENTS GROUP, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for THE HOME IMPROVEMENTS GROUP, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2017: THE HOME IMPROVEMENTS GROUP, INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-06-30130,529
Acturial value of plan assets2017-06-30130,529
Funding target for retired participants and beneficiaries receiving payment2017-06-300
Number of terminated vested participants2017-06-300
Fundng target for terminated vested participants2017-06-300
Active participant vested funding target2017-06-30175,474
Number of active participants2017-06-303
Total funding liabilities for active participants2017-06-30175,474
Total participant count2017-06-303
Total funding target for all participants2017-06-30175,474
Balance at beginning of prior year after applicable adjustments2017-06-300
Prefunding balance at beginning of prior year after applicable adjustments2017-06-300
Carryover balanced portion elected for use to offset prior years funding requirement2017-06-300
Prefunding balanced used to offset prior years funding requirement2017-06-300
Amount remaining of carryover balance2017-06-300
Amount remaining of prefunding balance2017-06-300
Present value of excess contributions2017-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-06-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-06-300
Reductions in caryover balances due to elections or deemed elections2017-06-300
Reductions in prefunding balances due to elections or deemed elections2017-06-300
Balance of carryovers at beginning of current year2017-06-300
Balance of prefunding at beginning of current year2017-06-300
Total employer contributions2017-06-300
Total employee contributions2017-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-06-300
Contributions made to avoid restrictions adjusted to valuation date2017-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-06-300
Unpaid minimum required contributions for all prior years2017-06-3046,522
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-06-300
Remaining amount of unpaid minimum required contributions2017-06-3046,522
Minimum required contributions for current year target normal cost2017-06-3039,603
Net shortfall amortization installment of oustanding balance2017-06-3044,945
Waiver amortization installment2017-06-300
Total funding amount beforereflecting carryover/prefunding balances2017-06-3046,573
Carryover balance elected to use to offset funding requirement2017-06-300
Prefunding balance elected to use to offset funding requirement2017-06-300
Additional cash requirement2017-06-3046,573
Contributions allocatedtoward minimum required contributions for current year2017-06-300
Unpaid minimum required contributions for current year2017-06-3046,573
Unpaid minimum required contributions for all years2017-06-3093,095

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