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DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN 401k Plan overview

Plan NameDAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN
Plan identification number 003

DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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

DAVID MONTOYA CONSTRUCTION, INC. has sponsored the creation of one or more 401k plans.

Company Name:DAVID MONTOYA CONSTRUCTION, INC.
Employer identification number (EIN):850339583
NAIC Classification:237310
NAIC Description:Highway, Street, and Bridge Construction

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032019-01-01DAVID MONTOYA2020-08-10 DAVID MONTOYA2020-08-10
0032018-01-01DAVID MONTOYA2019-04-22 DAVID MONTOYA2019-04-22
0032017-01-01DAVID MONTOYA2018-09-24 DAVID MONTOYA2018-09-24
0032016-01-01DAVID MONTOYA2017-09-15 DAVID MONTOYA2017-09-15
0032015-01-01DAVID MONTOYA2016-10-07 DAVID MONTOYA2016-10-07
0032014-01-01DAVID MONTOYA2015-09-08 DAVID MONTOYA2015-09-08
0032013-01-01DAVID MONTOYA2014-10-13 DAVID MONTOYA2014-10-13
0032012-01-01EVALYN HODGDON EVALYN HODGDON2013-07-23
0032011-01-01EVALYN HODGDOIN EVALYN HODGDOIN2012-08-30
0032009-01-01EVALYN HODGDON EVALYN HODGDON2010-09-13

Plan Statistics for DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN

401k plan membership statisitcs for DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN

Measure Date Value
2018: DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets2018-12-311,115,431
Acturial value of plan assets2018-12-311,115,431
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-31230,157
Active participant vested funding target2018-12-31776,157
Number of active participants2018-12-311
Total funding liabilities for active participants2018-12-31776,157
Total participant count2018-12-312
Total funding target for all participants2018-12-311,006,314
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31156,359
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-3133,615
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31122,744
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-31133,798
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-316,597
Total employer contributions2018-12-310
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-310
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-31975,191
Acturial value of plan assets2017-12-31975,191
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-31207,365
Active participant vested funding target2017-12-31816,175
Number of active participants2017-12-311
Total funding liabilities for active participants2017-12-31816,175
Total participant count2017-12-312
Total funding target for all participants2017-12-311,023,540
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31200,000
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-31200,000
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-3156,781
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31156,359
Total employer contributions2017-12-310
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-310
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-31204,708
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3133,615
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-3133,615
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-31929,856
Acturial value of plan assets2016-12-31929,856
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-31183,442
Active participant vested funding target2016-12-31722,015
Number of active participants2016-12-311
Total funding liabilities for active participants2016-12-31722,015
Total participant count2016-12-312
Total funding target for all participants2016-12-31905,457
Balance at beginning of prior year after applicable adjustments2016-12-3110,263
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31255,454
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-3110,263
Amount remaining of prefunding balance2016-12-31255,454
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-3110,157
Reductions in prefunding balances due to elections or deemed elections2016-12-3152,823
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31200,000
Total employer contributions2016-12-310
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-310
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
2012: DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0140
Total number of active participants reported on line 7a of the Form 55002012-01-0117
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0123
2011: DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0182
Total number of active participants reported on line 7a of the Form 55002011-01-0192
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-0192
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0158
Total number of active participants reported on line 7a of the Form 55002009-01-0174
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-0174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN

Measure Date Value
2012 : DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$88,953
Expenses. Total of all expenses incurred2012-12-31$20,900
Benefits paid (including direct rollovers)2012-12-31$0
Total plan assets at end of year2012-12-31$829,688
Total plan assets at beginning of year2012-12-31$761,635
Value of fidelity bond covering the plan2012-12-31$350,000
Total contributions received or receivable from participants2012-12-31$0
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$88,953
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$68,053
Net plan assets at end of year (total assets less liabilities)2012-12-31$829,688
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$761,635
Total contributions received or receivable from employer(s)2012-12-31$0
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$20,900
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$19,257
Expenses. Total of all expenses incurred2011-12-31$13,430
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$761,635
Total plan assets at beginning of year2011-12-31$755,808
Value of fidelity bond covering the plan2011-12-31$350,000
Total contributions received or receivable from participants2011-12-31$0
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$19,257
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$5,827
Net plan assets at end of year (total assets less liabilities)2011-12-31$761,635
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$755,808
Total contributions received or receivable from employer(s)2011-12-31$0
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$13,430
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$224,201
Expenses. Total of all expenses incurred2010-12-31$719
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$755,808
Total plan assets at beginning of year2010-12-31$532,326
Value of fidelity bond covering the plan2010-12-31$350,000
Total contributions received or receivable from participants2010-12-31$0
Expenses. Other expenses not covered elsewhere2010-12-31$719
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$49,201
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$223,482
Net plan assets at end of year (total assets less liabilities)2010-12-31$755,808
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$532,326
Total contributions received or receivable from employer(s)2010-12-31$175,000
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN

2012: DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: DAVID MONTOYA CONSTRUCTION, INC. DEFINED BENEFIT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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