401k Plan data: BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN plan

BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan Name	BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN
Plan identification number	002

BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN Benefits

401k Plan Type

Defined 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).
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

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

Company Name: BENCHMARK TECHNOLOGIES, INC.

Employer identification number (EIN): 043181227

NAIC Classification: 541400

Additional information about BENCHMARK TECHNOLOGIES, INC.

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 1988-10-28

Company Identification Number: 0329446

Legal Registered Office Address: 1500 FOREST AVENUE STE 217

RICHMOND
United States of America (USA)
23229

More information about BENCHMARK TECHNOLOGIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 PATRICK REYNOLDS 2023-10-03
002 2021-01-01 PATRICK REYNOLDS 2022-09-28
002 2020-01-01 PATRICK REYNOLDS 2021-09-15
002 2019-01-01 PATRICK REYNOLDS 2020-09-30
002 2018-01-01 PATRICK REYNOLDS 2019-09-11
002 2017-01-01 PATRICK REYNOLDS 2018-07-10
002 2016-01-01 PATRICK REYNOLDS 2017-08-08
002 2015-01-01 PATRICK REYNOLDS 2016-07-05
002 2014-01-01 PATRICK REYNOLDS 2015-07-17
002 2013-01-01 PATRICK REYNOLDS 2014-09-17
002 2012-01-01 PATRICK REYNOLDS 2013-09-26
002 2011-01-01 PATRICK REYNOLDS 2012-09-28
002 2010-01-01 PATRICK REYNOLDS 2011-09-14

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2022-01-01	PATRICK REYNOLDS	2023-10-03
002	2021-01-01	PATRICK REYNOLDS	2022-09-28
002	2020-01-01	PATRICK REYNOLDS	2021-09-15
002	2019-01-01	PATRICK REYNOLDS	2020-09-30
002	2018-01-01	PATRICK REYNOLDS	2019-09-11
002	2017-01-01	PATRICK REYNOLDS	2018-07-10
002	2016-01-01	PATRICK REYNOLDS	2017-08-08
002	2015-01-01	PATRICK REYNOLDS	2016-07-05
002	2014-01-01	PATRICK REYNOLDS	2015-07-17
002	2013-01-01	PATRICK REYNOLDS	2014-09-17
002	2012-01-01	PATRICK REYNOLDS	2013-09-26
002	2011-01-01	PATRICK REYNOLDS	2012-09-28
002	2010-01-01	PATRICK REYNOLDS	2011-09-14

Plan Statistics for BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2022: BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets 2022-12-31 3,416,876
Acturial value of plan assets 2022-12-31 3,416,876
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 0
Number of terminated vested participants 2022-12-31 2
Fundng target for terminated vested participants 2022-12-31 17,167
Active participant vested funding target 2022-12-31 3,063,315
Number of active participants 2022-12-31 6
Total funding liabilities for active participants 2022-12-31 3,063,315
Total participant count 2022-12-31 8
Total funding target for all participants 2022-12-31 3,080,482
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 65,980
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 65,980
Present value of excess contributions 2022-12-31 116,965
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 121,562
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 71,766
Total employer contributions 2022-12-31 363,000
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 335,449
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 170,134
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 0
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 335,449
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets 2021-12-31 3,052,035
Acturial value of plan assets 2021-12-31 3,052,035
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 0
Number of terminated vested participants 2021-12-31 3
Fundng target for terminated vested participants 2021-12-31 72,026
Active participant vested funding target 2021-12-31 2,788,641
Number of active participants 2021-12-31 6
Total funding liabilities for active participants 2021-12-31 2,788,641
Total participant count 2021-12-31 9
Total funding target for all participants 2021-12-31 2,860,667
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 888
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 2021-12-31 888
Present value of excess contributions 2021-12-31 62,474
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 65,173
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 65,000
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 65,980
Total employer contributions 2021-12-31 176,051
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 2021-12-31 165,078
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 2021-12-31 173,501
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 48,113
Additional cash requirement 2021-12-31 48,113
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 165,078
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets 2020-12-31 2,633,492
Acturial value of plan assets 2020-12-31 2,633,492
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 0
Number of terminated vested participants 2020-12-31 2
Fundng target for terminated vested participants 2020-12-31 15,532
Active participant vested funding target 2020-12-31 2,532,639
Number of active participants 2020-12-31 6
Total funding liabilities for active participants 2020-12-31 2,532,639
Total participant count 2020-12-31 8
Total funding target for all participants 2020-12-31 2,548,171
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 21,078
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 20,297
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 781
Present value of excess contributions 2020-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 888
Total employer contributions 2020-12-31 167,685
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 150,646
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 172,605
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 88,172
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 88,172
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 150,646
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets 2019-12-31 2,161,331
Acturial value of plan assets 2019-12-31 2,161,331
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 1
Fundng target for terminated vested participants 2019-12-31 5,342
Active participant vested funding target 2019-12-31 2,279,991
Number of active participants 2019-12-31 7
Total funding liabilities for active participants 2019-12-31 2,279,991
Total participant count 2019-12-31 8
Total funding target for all participants 2019-12-31 2,285,333
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 64,606
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 43,693
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 20,913
Present value of excess contributions 2019-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 21,078
Total employer contributions 2019-12-31 198,916
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 178,237
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 169,382
Net shortfall amortization installment of oustanding balance 2019-12-31 145,080
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 198,534
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 20,297
Additional cash requirement 2019-12-31 178,237
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 178,237
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets 2018-12-31 2,002,712
Acturial value of plan assets 2018-12-31 2,002,712
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 2
Fundng target for terminated vested participants 2018-12-31 5,972
Active participant vested funding target 2018-12-31 2,022,803
Number of active participants 2018-12-31 7
Total funding liabilities for active participants 2018-12-31 2,022,803
Total participant count 2018-12-31 9
Total funding target for all participants 2018-12-31 2,028,775
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 96,305
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 36,930
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 59,375
Present value of excess contributions 2018-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 64,606
Total employer contributions 2018-12-31 154,581
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 137,987
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 163,635
Net shortfall amortization installment of oustanding balance 2018-12-31 90,669
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 181,680
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 43,693
Additional cash requirement 2018-12-31 137,987
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 137,987
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 1,706,239
Acturial value of plan assets 2017-12-31 1,706,239
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 1
Fundng target for terminated vested participants 2017-12-31 4,648
Active participant vested funding target 2017-12-31 1,772,274
Number of active participants 2017-12-31 8
Total funding liabilities for active participants 2017-12-31 1,772,274
Total participant count 2017-12-31 9
Total funding target for all participants 2017-12-31 1,776,922
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 95,125
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 95,125
Present value of excess contributions 2017-12-31 2,021
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 2,139
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 96,305
Total employer contributions 2017-12-31 158,000
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 148,675
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 158,184
Net shortfall amortization installment of oustanding balance 2017-12-31 166,988
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 185,605
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 36,930
Additional cash requirement 2017-12-31 148,675
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 148,675
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 1,540,295
Acturial value of plan assets 2016-12-31 1,540,295
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 1
Fundng target for terminated vested participants 2016-12-31 4,310
Active participant vested funding target 2016-12-31 1,439,405
Number of active participants 2016-12-31 8
Total funding liabilities for active participants 2016-12-31 1,439,405
Total participant count 2016-12-31 9
Total funding target for all participants 2016-12-31 1,443,715
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 174,646
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 10,408
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 164,238
Present value of excess contributions 2016-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 70,000
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 95,125
Total employer contributions 2016-12-31 154,324
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 142,070
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 141,504
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Waived amount of outstanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 140,049
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 140,049
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 142,070
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2022: BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets	2022-12-31	3,416,876
Acturial value of plan assets	2022-12-31	3,416,876
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	2
Fundng target for terminated vested participants	2022-12-31	17,167
Active participant vested funding target	2022-12-31	3,063,315
Number of active participants	2022-12-31	6
Total funding liabilities for active participants	2022-12-31	3,063,315
Total participant count	2022-12-31	8
Total funding target for all participants	2022-12-31	3,080,482
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	65,980
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	65,980
Present value of excess contributions	2022-12-31	116,965
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	121,562
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	71,766
Total employer contributions	2022-12-31	363,000
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	335,449
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	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	170,134
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	0
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	335,449
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	3,052,035
Acturial value of plan assets	2021-12-31	3,052,035
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	3
Fundng target for terminated vested participants	2021-12-31	72,026
Active participant vested funding target	2021-12-31	2,788,641
Number of active participants	2021-12-31	6
Total funding liabilities for active participants	2021-12-31	2,788,641
Total participant count	2021-12-31	9
Total funding target for all participants	2021-12-31	2,860,667
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	888
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	888
Present value of excess contributions	2021-12-31	62,474
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	65,173
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	65,000
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	65,980
Total employer contributions	2021-12-31	176,051
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	165,078
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	173,501
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	48,113
Additional cash requirement	2021-12-31	48,113
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	165,078
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	2,633,492
Acturial value of plan assets	2020-12-31	2,633,492
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	2
Fundng target for terminated vested participants	2020-12-31	15,532
Active participant vested funding target	2020-12-31	2,532,639
Number of active participants	2020-12-31	6
Total funding liabilities for active participants	2020-12-31	2,532,639
Total participant count	2020-12-31	8
Total funding target for all participants	2020-12-31	2,548,171
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	21,078
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	20,297
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	781
Present value of excess contributions	2020-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	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	888
Total employer contributions	2020-12-31	167,685
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	150,646
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	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	172,605
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	88,172
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	88,172
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	150,646
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-31	2,161,331
Acturial value of plan assets	2019-12-31	2,161,331
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	1
Fundng target for terminated vested participants	2019-12-31	5,342
Active participant vested funding target	2019-12-31	2,279,991
Number of active participants	2019-12-31	7
Total funding liabilities for active participants	2019-12-31	2,279,991
Total participant count	2019-12-31	8
Total funding target for all participants	2019-12-31	2,285,333
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	64,606
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	43,693
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	20,913
Present value of excess contributions	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	21,078
Total employer contributions	2019-12-31	198,916
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	178,237
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	169,382
Net shortfall amortization installment of oustanding balance	2019-12-31	145,080
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	198,534
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	20,297
Additional cash requirement	2019-12-31	178,237
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	178,237
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	2,002,712
Acturial value of plan assets	2018-12-31	2,002,712
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	2
Fundng target for terminated vested participants	2018-12-31	5,972
Active participant vested funding target	2018-12-31	2,022,803
Number of active participants	2018-12-31	7
Total funding liabilities for active participants	2018-12-31	2,022,803
Total participant count	2018-12-31	9
Total funding target for all participants	2018-12-31	2,028,775
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	96,305
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	36,930
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	59,375
Present value of excess contributions	2018-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	64,606
Total employer contributions	2018-12-31	154,581
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	137,987
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	163,635
Net shortfall amortization installment of oustanding balance	2018-12-31	90,669
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	181,680
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	43,693
Additional cash requirement	2018-12-31	137,987
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	137,987
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	1,706,239
Acturial value of plan assets	2017-12-31	1,706,239
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	1
Fundng target for terminated vested participants	2017-12-31	4,648
Active participant vested funding target	2017-12-31	1,772,274
Number of active participants	2017-12-31	8
Total funding liabilities for active participants	2017-12-31	1,772,274
Total participant count	2017-12-31	9
Total funding target for all participants	2017-12-31	1,776,922
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	95,125
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	95,125
Present value of excess contributions	2017-12-31	2,021
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	2,139
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	96,305
Total employer contributions	2017-12-31	158,000
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	148,675
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	158,184
Net shortfall amortization installment of oustanding balance	2017-12-31	166,988
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	185,605
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	36,930
Additional cash requirement	2017-12-31	148,675
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	148,675
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: BENCHMARK TECHNOLOGIES, INC. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	1,540,295
Acturial value of plan assets	2016-12-31	1,540,295
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	1
Fundng target for terminated vested participants	2016-12-31	4,310
Active participant vested funding target	2016-12-31	1,439,405
Number of active participants	2016-12-31	8
Total funding liabilities for active participants	2016-12-31	1,439,405
Total participant count	2016-12-31	9
Total funding target for all participants	2016-12-31	1,443,715
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	174,646
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	10,408
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	164,238
Present value of excess contributions	2016-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	70,000
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	95,125
Total employer contributions	2016-12-31	154,324
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	142,070
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	141,504
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	140,049
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	140,049
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	142,070
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	BENCHMARK TECHNOLOGIES, INC.
Employer identification number (EIN):	043181227
NAIC Classification:	541400

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	1988-10-28
Company Identification Number:	0329446
Legal Registered Office Address:	1500 FOREST AVENUE STE 217 RICHMOND United States of America (USA) 23229