401k Plan data: YONKERS RACING CORPORATION PENSION PLAN plan

YONKERS RACING CORPORATION PENSION PLAN 401k Plan overview

Plan Name	YONKERS RACING CORPORATION PENSION PLAN
Plan identification number	001

YONKERS RACING CORPORATION PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MGM YONKERS INC. has sponsored the creation of one or more 401k plans.

Company Name: MGM YONKERS INC.

Employer identification number (EIN): 832428409

NAIC Classification: 713200
NAIC Description: Gambling Industries

Form 5500 Filing Information

Submission information for form 5500 for 401k plan YONKERS RACING CORPORATION PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 EDGAR DOMINGO 2023-09-25
001 2021-01-01 EDGAR DOMINGO 2022-09-29
001 2020-01-01 EDGAR DOMINGO 2021-07-20

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01	EDGAR DOMINGO	2023-09-25
001	2021-01-01	EDGAR DOMINGO	2022-09-29
001	2020-01-01	EDGAR DOMINGO	2021-07-20

Plan Statistics for YONKERS RACING CORPORATION PENSION PLAN

401k plan membership statisitcs for YONKERS RACING CORPORATION PENSION PLAN

Measure Date Value
2022: YONKERS RACING CORPORATION PENSION PLAN 2022 401k membership
Market value of plan assets 2022-12-31 6,226,769
Acturial value of plan assets 2022-12-31 6,226,769
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 6,108,509
Number of terminated vested participants 2022-12-31 11
Fundng target for terminated vested participants 2022-12-31 477,902
Active participant vested funding target 2022-12-31 1,126,453
Number of active participants 2022-12-31 8
Total funding liabilities for active participants 2022-12-31 1,126,453
Total participant count 2022-12-31 58
Total funding target for all participants 2022-12-31 7,712,864
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 677,814
Prefunding balanced used to offset prior years funding requirement 2022-12-31 59,980
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 617,834
Present value of excess contributions 2022-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 543,000
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 48,329
Total employer contributions 2022-12-31 3,291,000
Total employee contributions 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 3,117,581
Liquidity shortfalls end of Q1 2022-12-31 0
Liquidity shortfalls end of Q2 2022-12-31 0
Liquidity shortfalls end of Q3 2022-12-31 0
Liquidity shortfalls end of Q4 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 42,000
Net shortfall amortization installment of oustanding balance 2022-12-31 1,534,424
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 184,618
Additional cash requirement 2022-12-31 184,618
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 3,117,581
Unpaid minimum required contributions for current year 2022-12-31 0
2021: YONKERS RACING CORPORATION PENSION PLAN 2021 401k membership
Market value of plan assets 2021-12-31 11,000,756
Acturial value of plan assets 2021-12-31 11,000,756
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 6,520,654
Number of terminated vested participants 2021-12-31 14
Fundng target for terminated vested participants 2021-12-31 2,613,923
Active participant vested funding target 2021-12-31 1,381,195
Number of active participants 2021-12-31 10
Total funding liabilities for active participants 2021-12-31 1,381,195
Total participant count 2021-12-31 65
Total funding target for all participants 2021-12-31 10,515,772
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 781,119
Prefunding balanced used to offset prior years funding requirement 2021-12-31 171,684
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 609,435
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 677,814
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 42,000
Net shortfall amortization installment of oustanding balance 2021-12-31 192,830
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 59,980
Prefunding balance elected to use to offset funding requirement 2021-12-31 59,980
Additional cash requirement 2021-12-31 0
Unpaid minimum required contributions for current year 2021-12-31 0
2020: YONKERS RACING CORPORATION PENSION PLAN 2020 401k membership
Market value of plan assets 2020-12-31 12,312,780
Acturial value of plan assets 2020-12-31 12,312,780
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 7,159,629
Number of terminated vested participants 2020-12-31 17
Fundng target for terminated vested participants 2020-12-31 2,647,296
Active participant vested funding target 2020-12-31 2,367,931
Number of active participants 2020-12-31 16
Total funding liabilities for active participants 2020-12-31 2,367,931
Total participant count 2020-12-31 74
Total funding target for all participants 2020-12-31 12,174,856
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 1,087,118
Prefunding balanced used to offset prior years funding requirement 2020-12-31 438,779
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 648,339
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 781,119
Liquidity shortfalls end of Q1 2020-12-31 0
Liquidity shortfalls end of Q2 2020-12-31 0
Liquidity shortfalls end of Q3 2020-12-31 0
Liquidity shortfalls end of Q4 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 0
Net shortfall amortization installment of oustanding balance 2020-12-31 643,195
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 171,684
Prefunding balance elected to use to offset funding requirement 2020-12-31 171,684
Additional cash requirement 2020-12-31 0
Unpaid minimum required contributions for current year 2020-12-31 0

Measure	Date	Value
2022: YONKERS RACING CORPORATION PENSION PLAN 2022 401k membership
Market value of plan assets	2022-12-31	6,226,769
Acturial value of plan assets	2022-12-31	6,226,769
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	6,108,509
Number of terminated vested participants	2022-12-31	11
Fundng target for terminated vested participants	2022-12-31	477,902
Active participant vested funding target	2022-12-31	1,126,453
Number of active participants	2022-12-31	8
Total funding liabilities for active participants	2022-12-31	1,126,453
Total participant count	2022-12-31	58
Total funding target for all participants	2022-12-31	7,712,864
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	677,814
Prefunding balanced used to offset prior years funding requirement	2022-12-31	59,980
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	617,834
Present value of excess contributions	2022-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	543,000
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	48,329
Total employer contributions	2022-12-31	3,291,000
Total employee contributions	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	3,117,581
Liquidity shortfalls end of Q1	2022-12-31	0
Liquidity shortfalls end of Q2	2022-12-31	0
Liquidity shortfalls end of Q3	2022-12-31	0
Liquidity shortfalls end of Q4	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	42,000
Net shortfall amortization installment of oustanding balance	2022-12-31	1,534,424
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	184,618
Additional cash requirement	2022-12-31	184,618
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	3,117,581
Unpaid minimum required contributions for current year	2022-12-31	0
2021: YONKERS RACING CORPORATION PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	11,000,756
Acturial value of plan assets	2021-12-31	11,000,756
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	6,520,654
Number of terminated vested participants	2021-12-31	14
Fundng target for terminated vested participants	2021-12-31	2,613,923
Active participant vested funding target	2021-12-31	1,381,195
Number of active participants	2021-12-31	10
Total funding liabilities for active participants	2021-12-31	1,381,195
Total participant count	2021-12-31	65
Total funding target for all participants	2021-12-31	10,515,772
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	781,119
Prefunding balanced used to offset prior years funding requirement	2021-12-31	171,684
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	609,435
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	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	677,814
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	42,000
Net shortfall amortization installment of oustanding balance	2021-12-31	192,830
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	59,980
Prefunding balance elected to use to offset funding requirement	2021-12-31	59,980
Additional cash requirement	2021-12-31	0
Unpaid minimum required contributions for current year	2021-12-31	0
2020: YONKERS RACING CORPORATION PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	12,312,780
Acturial value of plan assets	2020-12-31	12,312,780
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	7,159,629
Number of terminated vested participants	2020-12-31	17
Fundng target for terminated vested participants	2020-12-31	2,647,296
Active participant vested funding target	2020-12-31	2,367,931
Number of active participants	2020-12-31	16
Total funding liabilities for active participants	2020-12-31	2,367,931
Total participant count	2020-12-31	74
Total funding target for all participants	2020-12-31	12,174,856
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	1,087,118
Prefunding balanced used to offset prior years funding requirement	2020-12-31	438,779
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	648,339
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	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	781,119
Liquidity shortfalls end of Q1	2020-12-31	0
Liquidity shortfalls end of Q2	2020-12-31	0
Liquidity shortfalls end of Q3	2020-12-31	0
Liquidity shortfalls end of Q4	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	0
Net shortfall amortization installment of oustanding balance	2020-12-31	643,195
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	171,684
Prefunding balance elected to use to offset funding requirement	2020-12-31	171,684
Additional cash requirement	2020-12-31	0
Unpaid minimum required contributions for current year	2020-12-31	0

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Company Name:	MGM YONKERS INC.
Employer identification number (EIN):	832428409
NAIC Classification:	713200
NAIC Description:	Gambling Industries