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ROBERT J. MCCROSSAN CASH BALANCE PLAN 401k Plan overview

Plan NameROBERT J. MCCROSSAN CASH BALANCE PLAN
Plan identification number 003

ROBERT J. MCCROSSAN CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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

ROBERT J. MCCROSSAN has sponsored the creation of one or more 401k plans.

Company Name:ROBERT J. MCCROSSAN
Employer identification number (EIN):832451664
NAIC Classification:442210
NAIC Description:Floor Covering Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ROBERT J. MCCROSSAN CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032018-01-01ROBERT J. MCCROSSAN2018-09-06 ROBERT J. MCCROSSAN2018-09-06
0032018-01-01ROBERT J. MCCROSSAN2019-09-06 ROBERT J. MCCROSSAN2019-09-06

Financial Data on ROBERT J. MCCROSSAN CASH BALANCE PLAN

Measure Date Value
2018 : ROBERT J. MCCROSSAN CASH BALANCE PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-34,552
Expenses. Total of all expenses incurred2018-12-31$129,101
Benefits paid (including direct rollovers)2018-12-31$121,691
Total plan assets at end of year2018-12-31$770,151
Total plan assets at beginning of year2018-12-31$933,804
Value of fidelity bond covering the plan2018-12-31$150,000
Total contributions received or receivable from participants2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$7,410
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-34,552
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-163,653
Net plan assets at end of year (total assets less liabilities)2018-12-31$770,151
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$933,804
Total contributions received or receivable from employer(s)2018-12-31$0
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0

Form 5500 Responses for ROBERT J. MCCROSSAN CASH BALANCE PLAN

2018: ROBERT J. MCCROSSAN CASH BALANCE PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

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