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OFFICE FURNITURE INNOVATIONS CASH BALANCE PLAN 401k Plan overview

Plan NameOFFICE FURNITURE INNOVATIONS CASH BALANCE PLAN
Plan identification number 002

OFFICE FURNITURE INNOVATIONS CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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

OFFICE FURNITURE INNOVATIONS, LLC has sponsored the creation of one or more 401k plans.

Company Name:OFFICE FURNITURE INNOVATIONS, LLC
Employer identification number (EIN):760601250
NAIC Classification:442110
NAIC Description:Furniture Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OFFICE FURNITURE INNOVATIONS CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01JAYNE EDISON2024-10-02
0022022-01-01JAYNE EDISON2023-10-05
0022021-01-01JAYNE EDISON2022-10-10

Financial Data on OFFICE FURNITURE INNOVATIONS CASH BALANCE PLAN

Measure Date Value
2025 : OFFICE FURNITURE INNOVATIONS CASH BALANCE PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-080
Total liabilities as of the end of the plan year2025-10-080
Total liabilities as of the beginning of the plan year2025-10-080
Total expenses incurred by plan in this plan year2025-10-086071
Net assets as of the end of the plan year2025-10-081094998
Total assets as of the beginning of the plan year2025-10-08805241
Value of plan covered by a fidelity bond2025-10-0880000
Participant contributions to plan in this plan year2025-10-080
Other expenses paid from plan in this plan year2025-10-080
Other contributions to plan in this plan year2025-10-080
Other income to plan in this plan year2025-10-0850828
Plan net income in this plan year2025-10-08289757
Net assets as of the end of the plan year2025-10-081094998
Net assets as of the beginning of the plan year2025-10-08805241
Employer contributions to plan in this plan year2025-10-08245000
Fees paid to broker by Benefit Provider2025-10-0823
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-086071
2024 : OFFICE FURNITURE INNOVATIONS CASH BALANCE PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-020
Total liabilities as of the end of the plan year2024-10-020
Total liabilities as of the beginning of the plan year2024-10-020
Total expenses incurred by plan in this plan year2024-10-02994
Net assets as of the end of the plan year2024-10-02805241
Total assets as of the beginning of the plan year2024-10-02523099
Value of plan covered by a fidelity bond2024-10-0280000
Participant contributions to plan in this plan year2024-10-020
Other expenses paid from plan in this plan year2024-10-020
Other contributions to plan in this plan year2024-10-020
Other income to plan in this plan year2024-10-0233136
Plan net income in this plan year2024-10-02282142
Net assets as of the end of the plan year2024-10-02805241
Net assets as of the beginning of the plan year2024-10-02523099
Employer contributions to plan in this plan year2024-10-02250000
Fees paid to broker by Benefit Provider2024-10-02623
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-02994
2022 : OFFICE FURNITURE INNOVATIONS CASH BALANCE PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-10-100
Total liabilities as of the end of the plan year2022-10-100
Total liabilities as of the beginning of the plan year2022-10-100
Total expenses incurred by plan in this plan year2022-10-100
Net assets as of the end of the plan year2022-10-10292000
Total assets as of the beginning of the plan year2022-10-100
Participant contributions to plan in this plan year2022-10-100
Other expenses paid from plan in this plan year2022-10-100
Other contributions to plan in this plan year2022-10-100
Other income to plan in this plan year2022-10-100
Plan net income in this plan year2022-10-10292000
Net assets as of the end of the plan year2022-10-10292000
Net assets as of the beginning of the plan year2022-10-100
Employer contributions to plan in this plan year2022-10-10292000
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-100

Potentially related plans

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