FINANCIAL SOLUTIONS INC DEFINED BENEFIT PLAN 401k Plan overview

FINANCIAL SOLUTIONS INC DEFINED BENEFIT PLAN Benefits

401k Sponsoring company profile

Company Name:	FINANCIAL SOLUTIONS, INC.
Employer identification number (EIN):	731478975
NAIC Classification:	523900

Form 5500 Filing Information

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2019-01-01	GARY GOULD	2020-10-14
001	2018-01-01	GARY GOULD	2019-11-12
001	2017-01-01	GARY GOULD	2018-10-12
001	2016-01-01	GARY GOULD	2017-10-12
001	2015-01-01	GARY GOULD	2017-10-12
001	2015-01-01	GARY GOULD	2016-10-12	GARY GOULD	2016-10-12
001	2014-01-01	GARY GOULD	2015-10-14	GARY GOULD	2015-10-14

Plan Statistics for FINANCIAL SOLUTIONS INC DEFINED BENEFIT PLAN

Measure	Date	Value
2019: FINANCIAL SOLUTIONS INC DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets	2019-12-31	1,148,140
Acturial value of plan assets	2019-12-31	1,148,140
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	0
Fundng target for terminated vested participants	2019-12-31	0
Active participant vested funding target	2019-12-31	1,100,707
Number of active participants	2019-12-31	1
Total funding liabilities for active participants	2019-12-31	1,100,707
Total participant count	2019-12-31	1
Total funding target for all participants	2019-12-31	1,100,707
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
Additional cash requirement	2019-12-31	0
Unpaid minimum required contributions for current year	2019-12-31	0
2018: FINANCIAL SOLUTIONS INC DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets	2018-12-31	1,134,485
Acturial value of plan assets	2018-12-31	1,134,485
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	0
Fundng target for terminated vested participants	2018-12-31	0
Active participant vested funding target	2018-12-31	1,125,444
Number of active participants	2018-12-31	1
Total funding liabilities for active participants	2018-12-31	1,125,444
Total participant count	2018-12-31	1
Total funding target for all participants	2018-12-31	1,125,444
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	0
Additional cash requirement	2018-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for current year	2018-12-31	0
2017: FINANCIAL SOLUTIONS INC DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets	2017-12-31	738,752
Acturial value of plan assets	2017-12-31	738,752
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	0
Fundng target for terminated vested participants	2017-12-31	0
Active participant vested funding target	2017-12-31	982,568
Number of active participants	2017-12-31	1
Total funding liabilities for active participants	2017-12-31	982,568
Total participant count	2017-12-31	1
Total funding target for all participants	2017-12-31	982,568
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	350,000
Total employee contributions	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	354,356
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	61,995
Net shortfall amortization installment of oustanding balance	2017-12-31	243,816
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	112,652
Additional cash requirement	2017-12-31	112,652
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	354,356
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: FINANCIAL SOLUTIONS INC DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets	2016-12-31	537,521
Acturial value of plan assets	2016-12-31	537,521
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	0
Fundng target for terminated vested participants	2016-12-31	0
Active participant vested funding target	2016-12-31	705,684
Number of active participants	2016-12-31	2
Total funding liabilities for active participants	2016-12-31	728,042
Total participant count	2016-12-31	2
Total funding target for all participants	2016-12-31	728,042
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	148,005
Total employee contributions	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	149,855
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	70,534
Net shortfall amortization installment of oustanding balance	2016-12-31	190,521
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	107,895
Additional cash requirement	2016-12-31	107,895
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	149,855
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

Potentially related plans

• FINANCIAL SOLUTIONS PARTNERS 401(K) PLAN [EIN = 200836291]
• FINANCIAL SOLUTIONS GROUP, LLC 401(K) P/S PLAN [EIN = 391933466]
• FINANCIAL SOLUTIONS MIDWEST, LLC 401(K) PLAN [EIN = 680632878]
• FINANCIAL SOLUTIONS, INC. 401(K) PLAN [EIN = 470784230]
• FINANCIAL SOLUTIONS LLC 401(K) PLAN [EIN = 471362778]
• FINANCIAL SOLUTIONS ADVISORY GROUP, INC. 401(K) PROFIT SHARING PLAN & TRUST [EIN = 352192896]
• FINANCIAL SOLUTIONS GROUP, INC. SAFE HARBOR 401(K) PROFIT SHARING PLAN [EIN = 251788105]
• FINANCIAL SOLUTIONS PARTNERS LLC CASH BALANCE PLA [EIN = 200836291]
• FINANCIAL SOLUTIONS CASH BALANCE PENSION PLAN [EIN = 300236631]
• FINANCIAL SOLUTIONS OF AMERICA, INC. [EIN = 208791637]
• FINANCIAL SOLUTIONS ASSOCIATES 401(K) PLAN AND TRUST [EIN = 811630794]
• FINANCIAL SOLUTIONS & SERVICES, INC. 401(K) PROFIT SHARING PLAN [EIN = 621152374]
• FINANCIAL SOLUTIONS 401K PLAN [EIN = 541903580]
• FINANCIAL SOLUTIONS GROUP, LLC 401(K) P/S PLAN [EIN = 391933466]
• FINANCIAL SOLUTIONS ASSOCIATES 401(K) PLAN AND TRUST [EIN = 043508832]
• FINANCIAL SOLUTIONS LLC CASH BALANCE PENSION PLAN [EIN = 020656520]
• FINANCIAL SOLUTIONS LLC 401K SAVINGS PLAN [EIN = 020656520]
• FINANCIAL SOLUTIONS 401(K) P/S PLAN [EIN = 203537787]
• FINANCIAL SOLUTIONS INC. 401(K) PLAN [EIN = 205617539]
• FINANCIAL SOLUTIONS GROUP LLC 401(K) PLAN [EIN = 201229687]
• FINANCIAL SOLUTIONS GROUP, LLC 401K PLAN [EIN = 841862656]

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping