401k Plan data: GRAY REED CASH BALANCE PLAN plan

GRAY REED CASH BALANCE PLAN 401k Plan overview

Plan Name	GRAY REED CASH BALANCE PLAN
Plan identification number	003

GRAY REED CASH BALANCE PLAN Benefits

401k Plan Type

Defined 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).
Plan covering Self-Employed individuals.

401k Sponsoring company profile

GRAY REED & MCGRAW LLP has sponsored the creation of one or more 401k plans.

Company Name: GRAY REED & MCGRAW LLP

Employer identification number (EIN): 814045088

NAIC Classification: 541190

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GRAY REED CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2023-01-01 MARK GARGIULO 2024-10-09
003 2022-01-01 MARK GARGIULO 2023-09-08
003 2021-01-01 MARK GARGIULO 2022-10-11
003 2020-01-01 MARK GARGIULO 2021-10-06

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
003	2023-01-01	MARK GARGIULO	2024-10-09
003	2022-01-01	MARK GARGIULO	2023-09-08
003	2021-01-01	MARK GARGIULO	2022-10-11
003	2020-01-01	MARK GARGIULO	2021-10-06

Plan Statistics for GRAY REED CASH BALANCE PLAN

401k plan membership statisitcs for GRAY REED CASH BALANCE PLAN

Measure Date Value
2025: GRAY REED CASH BALANCE PLAN 2025 401k membership
Total number of particpants at beginning of year 2025-10-09 66
Total number of particpants at end of year 2025-10-09 63
2024: GRAY REED CASH BALANCE PLAN 2024 401k membership
Total number of particpants at beginning of year 2024-10-09 68
Total number of particpants at end of year 2024-10-09 63
2022: GRAY REED CASH BALANCE PLAN 2022 401k membership
Market value of plan assets 2022-12-31 4,423,778
Acturial value of plan assets 2022-12-31 4,423,778
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 0
Number of terminated vested participants 2022-12-31 0
Fundng target for terminated vested participants 2022-12-31 0
Active participant vested funding target 2022-12-31 3,225,636
Number of active participants 2022-12-31 70
Total funding liabilities for active participants 2022-12-31 3,232,537
Total participant count 2022-12-31 70
Total funding target for all participants 2022-12-31 3,232,537
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 1,375,122
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 1,449,241
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 1,576,217
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 1,494,888
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 1,374,571
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 183,330
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 183,330
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 1,494,888
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
Total number of particpants at beginning of year 2022-10-11 64
Total number of particpants at end of year 2022-10-11 67
2021: GRAY REED CASH BALANCE PLAN 2021 401k membership
Market value of plan assets 2021-12-31 5,753,795
Acturial value of plan assets 2021-12-31 5,753,795
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 0
Number of terminated vested participants 2021-12-31 0
Fundng target for terminated vested participants 2021-12-31 0
Active participant vested funding target 2021-12-31 4,868,985
Number of active participants 2021-12-31 64
Total funding liabilities for active participants 2021-12-31 4,874,771
Total participant count 2021-12-31 64
Total funding target for all participants 2021-12-31 4,874,771
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 2021-12-31 293,867
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 310,206
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 1,819,125
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 1,723,360
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 1,227,262
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 348,238
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 348,238
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 1,723,360
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: GRAY REED CASH BALANCE PLAN 2020 401k membership
Market value of plan assets 2020-12-31 0
Acturial value of plan assets 2020-12-31 0
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 0
Number of terminated vested participants 2020-12-31 0
Fundng target for terminated vested participants 2020-12-31 0
Active participant vested funding target 2020-12-31 0
Number of active participants 2020-12-31 34
Total funding liabilities for active participants 2020-12-31 0
Total participant count 2020-12-31 34
Total funding target for all participants 2020-12-31 0
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 0
Present value of excess contributions 2020-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 0
Total employer contributions 2020-12-31 5,831,077
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 5,450,431
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 5,156,564
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 5,156,564
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 5,156,564
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 5,450,431
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0

Measure	Date	Value
2025: GRAY REED CASH BALANCE PLAN 2025 401k membership
Total number of particpants at beginning of year	2025-10-09	66
Total number of particpants at end of year	2025-10-09	63
2024: GRAY REED CASH BALANCE PLAN 2024 401k membership
Total number of particpants at beginning of year	2024-10-09	68
Total number of particpants at end of year	2024-10-09	63
2022: GRAY REED CASH BALANCE PLAN 2022 401k membership
Market value of plan assets	2022-12-31	4,423,778
Acturial value of plan assets	2022-12-31	4,423,778
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	0
Fundng target for terminated vested participants	2022-12-31	0
Active participant vested funding target	2022-12-31	3,225,636
Number of active participants	2022-12-31	70
Total funding liabilities for active participants	2022-12-31	3,232,537
Total participant count	2022-12-31	70
Total funding target for all participants	2022-12-31	3,232,537
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	1,375,122
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	1,449,241
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	1,576,217
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	1,494,888
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	1,374,571
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	183,330
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	183,330
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	1,494,888
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
Total number of particpants at beginning of year	2022-10-11	64
Total number of particpants at end of year	2022-10-11	67
2021: GRAY REED CASH BALANCE PLAN 2021 401k membership
Market value of plan assets	2021-12-31	5,753,795
Acturial value of plan assets	2021-12-31	5,753,795
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	0
Fundng target for terminated vested participants	2021-12-31	0
Active participant vested funding target	2021-12-31	4,868,985
Number of active participants	2021-12-31	64
Total funding liabilities for active participants	2021-12-31	4,874,771
Total participant count	2021-12-31	64
Total funding target for all participants	2021-12-31	4,874,771
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	293,867
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	310,206
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	1,819,125
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	1,723,360
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	1,227,262
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	348,238
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	348,238
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	1,723,360
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: GRAY REED CASH BALANCE PLAN 2020 401k membership
Market value of plan assets	2020-12-31	0
Acturial value of plan assets	2020-12-31	0
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	0
Fundng target for terminated vested participants	2020-12-31	0
Active participant vested funding target	2020-12-31	0
Number of active participants	2020-12-31	34
Total funding liabilities for active participants	2020-12-31	0
Total participant count	2020-12-31	34
Total funding target for all participants	2020-12-31	0
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	5,831,077
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	5,450,431
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	5,156,564
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	5,156,564
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	5,156,564
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	5,450,431
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0

Financial Data on GRAY REED CASH BALANCE PLAN

Measure	Date	Value
2025 : GRAY REED CASH BALANCE PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year	2025-10-09	924261
Net assets as of the end of the plan year	2025-10-09	6653222
Total assets as of the beginning of the plan year	2025-10-09	5705041
Value of plan covered by a fidelity bond	2025-10-09	500000
Other income to plan in this plan year	2025-10-09	197744
Plan net income in this plan year	2025-10-09	948181
Net assets as of the end of the plan year	2025-10-09	6653222
Net assets as of the beginning of the plan year	2025-10-09	5705041
Employer contributions to plan in this plan year	2025-10-09	1674698
2024 : GRAY REED CASH BALANCE PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year	2024-10-09	802698
Net assets as of the end of the plan year	2024-10-09	5705041
Total assets as of the beginning of the plan year	2024-10-09	4744171
Value of plan covered by a fidelity bond	2024-10-09	500000
Other income to plan in this plan year	2024-10-09	245603
Plan net income in this plan year	2024-10-09	960870
Net assets as of the end of the plan year	2024-10-09	5705041
Net assets as of the beginning of the plan year	2024-10-09	4744171
Employer contributions to plan in this plan year	2024-10-09	1517965
2022 : GRAY REED CASH BALANCE PLAN 2022 401k financial data
Total transfers to/from plan in this plan year	2022-10-11	0
Total expenses incurred by plan in this plan year	2022-10-11	3297000
Net assets as of the end of the plan year	2022-10-11	4426654
Total assets as of the beginning of the plan year	2022-10-11	5831077
Value of plan covered by a fidelity bond	2022-10-11	500000
Other income to plan in this plan year	2022-10-11	73452
Plan net income in this plan year	2022-10-11	-1404423
Net assets as of the end of the plan year	2022-10-11	4426654
Net assets as of the beginning of the plan year	2022-10-11	5831077
Employer contributions to plan in this plan year	2022-10-11	1819125

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Company Name:	GRAY REED & MCGRAW LLP
Employer identification number (EIN):	814045088
NAIC Classification:	541190