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THE JANUARY CORPORATION CASH BALANCE PLAN 401k Plan overview

Plan NameTHE JANUARY CORPORATION CASH BALANCE PLAN
Plan identification number 002

THE JANUARY CORPORATION CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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 JANUARY CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:THE JANUARY CORPORATION
Employer identification number (EIN):810456689
NAIC Classification:523120
NAIC Description:Securities Brokerage

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE JANUARY CORPORATION CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01

Plan Statistics for THE JANUARY CORPORATION CASH BALANCE PLAN

401k plan membership statisitcs for THE JANUARY CORPORATION CASH BALANCE PLAN

Measure Date Value
2023: THE JANUARY CORPORATION CASH BALANCE PLAN 2023 401k membership
Market value of plan assets2023-09-05528,250
Acturial value of plan assets2023-09-05528,250
Funding target for retired participants and beneficiaries receiving payment2023-09-050
Number of terminated vested participants2023-09-051
Fundng target for terminated vested participants2023-09-05280,158
Active participant vested funding target2023-09-05280,827
Number of active participants2023-09-052
Total funding liabilities for active participants2023-09-05280,827
Total participant count2023-09-053
Total funding target for all participants2023-09-05560,985
Balance at beginning of prior year after applicable adjustments2023-09-050
Prefunding balance at beginning of prior year after applicable adjustments2023-09-050
Carryover balanced portion elected for use to offset prior years funding requirement2023-09-050
Prefunding balanced used to offset prior years funding requirement2023-09-050
Amount remaining of carryover balance2023-09-050
Amount remaining of prefunding balance2023-09-050
Present value of excess contributions2023-09-05683
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-09-05683
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-09-050
Reductions in caryover balances due to elections or deemed elections2023-09-050
Reductions in prefunding balances due to elections or deemed elections2023-09-050
Balance of carryovers at beginning of current year2023-09-050
Balance of prefunding at beginning of current year2023-09-050
Total employer contributions2023-09-05117,750
Total employee contributions2023-09-050
Contributions allocated toward unpaid minimum require contributions from prior years2023-09-050
Contributions made to avoid restrictions adjusted to valuation date2023-09-050
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-09-05115,863
Unpaid minimum required contributions for all prior years2023-09-050
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-09-050
Remaining amount of unpaid minimum required contributions2023-09-050
Minimum required contributions for current year target normal cost2023-09-0587,840
Net shortfall amortization installment of oustanding balance2023-09-0532,735
Waiver amortization installment2023-09-050
Total funding amount beforereflecting carryover/prefunding balances2023-09-0589,907
Carryover balance elected to use to offset funding requirement2023-09-050
Prefunding balance elected to use to offset funding requirement2023-09-050
Additional cash requirement2023-09-0589,907
Contributions allocatedtoward minimum required contributions for current year2023-09-05115,863
Unpaid minimum required contributions for current year2023-09-050
Unpaid minimum required contributions for all years2023-09-050
2022: THE JANUARY CORPORATION CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-31394,808
Acturial value of plan assets2022-12-31394,808
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-311
Fundng target for terminated vested participants2022-12-31213,323
Active participant vested funding target2022-12-31215,672
Number of active participants2022-12-312
Total funding liabilities for active participants2022-12-31215,672
Total participant count2022-12-313
Total funding target for all participants2022-12-31428,995
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 contributions2022-12-3172,577
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3172,577
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 contributions2022-12-31130,000
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 date2022-12-31133,442
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 cost2022-12-31129,600
Net shortfall amortization installment of oustanding balance2022-12-3134,187
Total funding amount beforereflecting carryover/prefunding balances2022-12-31132,759
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31132,759
Contributions allocatedtoward minimum required contributions for current year2022-12-31133,442
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: THE JANUARY CORPORATION CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-31345,803
Acturial value of plan assets2021-12-31345,803
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-31277,650
Number of active participants2021-12-313
Total funding liabilities for active participants2021-12-31277,650
Total participant count2021-12-313
Total funding target for all participants2021-12-31277,650
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 contributions2021-12-3119,068
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3119,068
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
Total employer contributions2021-12-31130,000
Total employee contributions2021-12-310
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 date2021-12-31133,414
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 cost2021-12-31128,990
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3160,837
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-3160,837
Contributions allocatedtoward minimum required contributions for current year2021-12-31133,414
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: THE JANUARY CORPORATION CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-31246,292
Acturial value of plan assets2020-12-31246,292
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-3171,903
Active participant vested funding target2020-12-31138,274
Number of active participants2020-12-313
Total funding liabilities for active participants2020-12-31138,274
Total participant count2020-12-314
Total funding target for all participants2020-12-31210,177
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 contributions2020-12-311,183
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-311,183
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 contributions2020-12-31195,000
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 date2020-12-31198,842
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 cost2020-12-31215,889
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31179,774
Additional cash requirement2020-12-31179,774
Contributions allocatedtoward minimum required contributions for current year2020-12-31198,842
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: THE JANUARY CORPORATION CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,099
Acturial value of plan assets2019-12-311,099
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-310
Number of active participants2019-12-314
Total funding liabilities for active participants2019-12-310
Total participant count2019-12-314
Total funding target for all participants2019-12-310
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 contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
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 contributions2019-12-31195,000
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 date2019-12-31195,520
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 cost2019-12-31195,436
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31194,337
Additional cash requirement2019-12-31194,337
Contributions allocatedtoward minimum required contributions for current year2019-12-31195,520
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310

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