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INFINITE TECHNOLOGIES INC DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameINFINITE TECHNOLOGIES INC DEFINED BENEFIT PENSION PLAN
Plan identification number 003

INFINITE TECHNOLOGIES INC DEFINED BENEFIT PENSION 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.
  • 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

INFINITE TECHNOLOGIES INC has sponsored the creation of one or more 401k plans.

Company Name:INFINITE TECHNOLOGIES INC
Employer identification number (EIN):860771877
NAIC Classification:541511
NAIC Description:Custom Computer Programming Services

Additional information about INFINITE TECHNOLOGIES INC

Jurisdiction of Incorporation: California Department of State
Incorporation Date:
Company Identification Number: C1431227

More information about INFINITE TECHNOLOGIES INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INFINITE TECHNOLOGIES INC DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032021-01-01
0032020-01-01
0032019-01-01
0032018-01-01
0032017-01-01
0032016-01-01
0032015-01-01
0032014-01-01

Plan Statistics for INFINITE TECHNOLOGIES INC DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for INFINITE TECHNOLOGIES INC DEFINED BENEFIT PENSION PLAN

Measure Date Value
2020: INFINITE TECHNOLOGIES INC DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-09-301,490,607
Acturial value of plan assets2020-09-301,490,607
Funding target for retired participants and beneficiaries receiving payment2020-09-300
Number of terminated vested participants2020-09-306
Fundng target for terminated vested participants2020-09-3028,204
Active participant vested funding target2020-09-301,345,251
Number of active participants2020-09-3066
Total funding liabilities for active participants2020-09-301,345,251
Total participant count2020-09-3072
Total funding target for all participants2020-09-301,373,455
Balance at beginning of prior year after applicable adjustments2020-09-300
Prefunding balance at beginning of prior year after applicable adjustments2020-09-30304,031
Carryover balanced portion elected for use to offset prior years funding requirement2020-09-300
Prefunding balanced used to offset prior years funding requirement2020-09-30176,575
Amount remaining of carryover balance2020-09-300
Amount remaining of prefunding balance2020-09-30127,456
Present value of excess contributions2020-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-09-300
Reductions in caryover balances due to elections or deemed elections2020-09-300
Reductions in prefunding balances due to elections or deemed elections2020-09-300
Balance of carryovers at beginning of current year2020-09-300
Balance of prefunding at beginning of current year2020-09-30148,129
Total employer contributions2020-09-30600,000
Total employee contributions2020-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-09-300
Contributions made to avoid restrictions adjusted to valuation date2020-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-09-30604,318
Unpaid minimum required contributions for all prior years2020-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-09-300
Remaining amount of unpaid minimum required contributions2020-09-300
Minimum required contributions for current year target normal cost2020-09-300
Net shortfall amortization installment of oustanding balance2020-09-300
Waiver amortization installment2020-09-300
Total funding amount beforereflecting carryover/prefunding balances2020-09-300
Carryover balance elected to use to offset funding requirement2020-09-300
Prefunding balance elected to use to offset funding requirement2020-09-300
Additional cash requirement2020-09-300
Contributions allocatedtoward minimum required contributions for current year2020-09-30604,318
Unpaid minimum required contributions for current year2020-09-300
Unpaid minimum required contributions for all years2020-09-300
2019: INFINITE TECHNOLOGIES INC DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-311,474,131
Acturial value of plan assets2019-12-311,474,131
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-316
Fundng target for terminated vested participants2019-12-3120,193
Active participant vested funding target2019-12-311,069,403
Number of active participants2019-12-3171
Total funding liabilities for active participants2019-12-311,073,572
Total participant count2019-12-3177
Total funding target for all participants2019-12-311,093,765
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31383,221
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-3156,797
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31326,424
Present value of excess contributions2019-12-319,501
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-318,377
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 year2019-12-31304,031
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 date2019-12-310
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
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 cost2019-12-31243,242
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31183,720
Prefunding balance elected to use to offset funding requirement2019-12-31183,720
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: INFINITE TECHNOLOGIES INC DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-311,074,044
Acturial value of plan assets2018-12-311,074,044
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-315
Fundng target for terminated vested participants2018-12-312,325
Active participant vested funding target2018-12-31822,187
Number of active participants2018-12-3172
Total funding liabilities for active participants2018-12-31833,649
Total participant count2018-12-3177
Total funding target for all participants2018-12-31835,974
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31200,000
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31200,000
Present value of excess contributions2018-12-31156,661
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31156,661
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31156,661
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31383,221
Total employer contributions2018-12-31200,000
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 date2018-12-31197,914
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 cost2018-12-31221,189
Net shortfall amortization installment of oustanding balance2018-12-31166,765
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31248,413
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-3160,000
Additional cash requirement2018-12-31188,413
Contributions allocatedtoward minimum required contributions for current year2018-12-31197,914
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: INFINITE TECHNOLOGIES INC DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-31943,705
Acturial value of plan assets2017-12-31943,705
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-31677
Active participant vested funding target2017-12-31550,705
Number of active participants2017-12-3161
Total funding liabilities for active participants2017-12-31554,428
Total participant count2017-12-3163
Total funding target for all participants2017-12-31555,105
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
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 balance2017-12-310
Present value of excess contributions2017-12-31336,870
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31336,870
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31200,000
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31200,000
Total employer contributions2017-12-31200,000
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 date2017-12-31192,891
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 cost2017-12-31213,390
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3136,230
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3136,230
Contributions allocatedtoward minimum required contributions for current year2017-12-31192,891
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: INFINITE TECHNOLOGIES INC DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31464,469
Acturial value of plan assets2016-12-31464,469
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-31332,798
Number of active participants2016-12-3149
Total funding liabilities for active participants2016-12-31332,798
Total participant count2016-12-3150
Total funding target for all participants2016-12-31332,798
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-3181,982
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3181,982
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 elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31394,644
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 date2016-12-31381,107
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 cost2016-12-31175,604
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 balances2016-12-3143,933
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3143,933
Contributions allocatedtoward minimum required contributions for current year2016-12-31381,107
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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