401k Plan data: SMARTCO SERVICES, LLC CASH BALANCE PLAN plan

SMARTCO SERVICES, LLC CASH BALANCE PLAN 401k Plan overview

Plan Name	SMARTCO SERVICES, LLC CASH BALANCE PLAN
Plan identification number	002

SMARTCO SERVICES, LLC 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).
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).
Plan covering Self-Employed individuals.
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

SCS BDK HOLDINGS, LLC has sponsored the creation of one or more 401k plans.

Company Name: SCS BDK HOLDINGS, LLC

Employer identification number (EIN): 863555943

NAIC Classification: 541990
NAIC Description: All Other Professional, Scientific, and Technical Services

Additional information about SCS BDK HOLDINGS, LLC

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 2021-04-27

Company Identification Number: L21000182837

Legal Registered Office Address: 3825 PGA BLVD STE 701

PALM BEACH GARDENS

33410

More information about SCS BDK HOLDINGS, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SMARTCO SERVICES, LLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 TOM WAGNER 2023-01-23
002 2021-01-01 TOM WAGNER 2022-10-12 TOM WAGNER 2022-10-12

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01	TOM WAGNER	2023-01-23
002	2021-01-01	TOM WAGNER	2022-10-12	TOM WAGNER	2022-10-12

Plan Statistics for SMARTCO SERVICES, LLC CASH BALANCE PLAN

401k plan membership statisitcs for SMARTCO SERVICES, LLC CASH BALANCE PLAN

Measure Date Value
2021: SMARTCO SERVICES, LLC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets 2021-12-31 2,886,868
Acturial value of plan assets 2021-12-31 2,886,868
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 0
Number of terminated vested participants 2021-12-31 7
Fundng target for terminated vested participants 2021-12-31 6,055
Active participant vested funding target 2021-12-31 2,463,598
Number of active participants 2021-12-31 67
Total funding liabilities for active participants 2021-12-31 2,471,994
Total participant count 2021-12-31 74
Total funding target for all participants 2021-12-31 2,478,049
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 2021-12-31 336,758
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 352,182
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 2021-12-31 331,923
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 2021-12-31 309,942
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 2021-12-31 270,141
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 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 309,942
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0

Measure	Date	Value
2021: SMARTCO SERVICES, LLC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets	2021-12-31	2,886,868
Acturial value of plan assets	2021-12-31	2,886,868
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	7
Fundng target for terminated vested participants	2021-12-31	6,055
Active participant vested funding target	2021-12-31	2,463,598
Number of active participants	2021-12-31	67
Total funding liabilities for active participants	2021-12-31	2,471,994
Total participant count	2021-12-31	74
Total funding target for all participants	2021-12-31	2,478,049
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	336,758
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	352,182
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	331,923
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	309,942
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	270,141
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	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	309,942
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0

Potentially related plans

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Company Name:	SCS BDK HOLDINGS, LLC
Employer identification number (EIN):	863555943
NAIC Classification:	541990
NAIC Description:	All Other Professional, Scientific, and Technical Services

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	2021-04-27
Company Identification Number:	L21000182837
Legal Registered Office Address:	3825 PGA BLVD STE 701 PALM BEACH GARDENS 33410