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HARTFORD FEDERATION OF TEACHERS CASH BALANCE PLAN 401k Plan overview

Plan NameHARTFORD FEDERATION OF TEACHERS CASH BALANCE PLAN
Plan identification number 002

HARTFORD FEDERATION OF TEACHERS CASH BALANCE PLAN Benefits

401k Plan TypeDefined 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).
  • 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

AMERICAN FEDERATION OF TEACHER has sponsored the creation of one or more 401k plans.

Company Name:AMERICAN FEDERATION OF TEACHER
Employer identification number (EIN):060737021
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HARTFORD FEDERATION OF TEACHERS CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-12-01SHAKIRA PEREZ2023-04-13
0022020-12-01SHAKIRA PEREZ2022-09-15
0022019-12-01DANIEL DUESING2021-09-14

Plan Statistics for HARTFORD FEDERATION OF TEACHERS CASH BALANCE PLAN

401k plan membership statisitcs for HARTFORD FEDERATION OF TEACHERS CASH BALANCE PLAN

Measure Date Value
2022: HARTFORD FEDERATION OF TEACHERS CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-11-30131,116
Acturial value of plan assets2022-11-30131,116
Funding target for retired participants and beneficiaries receiving payment2022-11-300
Number of terminated vested participants2022-11-300
Fundng target for terminated vested participants2022-11-300
Active participant vested funding target2022-11-30125,266
Number of active participants2022-11-301
Total funding liabilities for active participants2022-11-30125,266
Total participant count2022-11-301
Total funding target for all participants2022-11-30125,266
Balance at beginning of prior year after applicable adjustments2022-11-300
Prefunding balance at beginning of prior year after applicable adjustments2022-11-300
Carryover balanced portion elected for use to offset prior years funding requirement2022-11-300
Prefunding balanced used to offset prior years funding requirement2022-11-300
Amount remaining of carryover balance2022-11-300
Amount remaining of prefunding balance2022-11-300
Present value of excess contributions2022-11-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-11-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-11-300
Reductions in caryover balances due to elections or deemed elections2022-11-300
Reductions in prefunding balances due to elections or deemed elections2022-11-300
Balance of carryovers at beginning of current year2022-11-300
Balance of prefunding at beginning of current year2022-11-300
Total employer contributions2022-11-300
Total employee contributions2022-11-300
Remaining amount of unpaid minimum required contributions2022-11-300
Minimum required contributions for current year target normal cost2022-11-300
Net shortfall amortization installment of oustanding balance2022-11-300
Waiver amortization installment2022-11-300
Total funding amount beforereflecting carryover/prefunding balances2022-11-300
Additional cash requirement2022-11-300
Unpaid minimum required contributions for current year2022-11-300
Unpaid minimum required contributions for all years2022-11-300
2021: HARTFORD FEDERATION OF TEACHERS CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-11-30309,343
Acturial value of plan assets2021-11-30309,343
Funding target for retired participants and beneficiaries receiving payment2021-11-300
Number of terminated vested participants2021-11-301
Fundng target for terminated vested participants2021-11-3078,822
Active participant vested funding target2021-11-30220,696
Number of active participants2021-11-302
Total funding liabilities for active participants2021-11-30220,696
Total participant count2021-11-303
Total funding target for all participants2021-11-30299,518
Balance at beginning of prior year after applicable adjustments2021-11-300
Prefunding balance at beginning of prior year after applicable adjustments2021-11-300
Amount remaining of carryover balance2021-11-300
Amount remaining of prefunding balance2021-11-300
Present value of excess contributions2021-11-30129,777
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-11-30136,331
Balance of carryovers at beginning of current year2021-11-300
Balance of prefunding at beginning of current year2021-11-300
Total employer contributions2021-11-30112,672
Total employee contributions2021-11-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-11-30111,249
Remaining amount of unpaid minimum required contributions2021-11-300
Minimum required contributions for current year target normal cost2021-11-30102,530
Total funding amount beforereflecting carryover/prefunding balances2021-11-3092,705
Additional cash requirement2021-11-3092,705
Contributions allocatedtoward minimum required contributions for current year2021-11-30111,249
Unpaid minimum required contributions for current year2021-11-300
Unpaid minimum required contributions for all years2021-11-300
2020: HARTFORD FEDERATION OF TEACHERS CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-11-300
Acturial value of plan assets2020-11-300
Funding target for retired participants and beneficiaries receiving payment2020-11-300
Number of terminated vested participants2020-11-300
Fundng target for terminated vested participants2020-11-300
Active participant vested funding target2020-11-30147,725
Number of active participants2020-11-303
Total funding liabilities for active participants2020-11-30147,725
Total participant count2020-11-303
Total funding target for all participants2020-11-30147,725
Balance at beginning of prior year after applicable adjustments2020-11-300
Prefunding balance at beginning of prior year after applicable adjustments2020-11-300
Carryover balanced portion elected for use to offset prior years funding requirement2020-11-300
Prefunding balanced used to offset prior years funding requirement2020-11-300
Amount remaining of carryover balance2020-11-300
Amount remaining of prefunding balance2020-11-300
Present value of excess contributions2020-11-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-11-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-11-300
Reductions in caryover balances due to elections or deemed elections2020-11-300
Reductions in prefunding balances due to elections or deemed elections2020-11-300
Balance of carryovers at beginning of current year2020-11-300
Balance of prefunding at beginning of current year2020-11-300
Total employer contributions2020-11-30310,556
Total employee contributions2020-11-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-11-30294,472
Remaining amount of unpaid minimum required contributions2020-11-300
Minimum required contributions for current year target normal cost2020-11-30140,691
Net shortfall amortization installment of oustanding balance2020-11-30147,725
Total funding amount beforereflecting carryover/prefunding balances2020-11-30164,695
Additional cash requirement2020-11-30164,695
Contributions allocatedtoward minimum required contributions for current year2020-11-30294,472
Unpaid minimum required contributions for current year2020-11-300
Unpaid minimum required contributions for all years2020-11-300

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