EVERSOURCE ENERGY SERVICE COMPANY has sponsored the creation of one or more 401k plans.
Measure | Date | Value |
---|
2020: BAY STATE UNION PENSION PLAN 2020 401k membership |
---|
Market value of plan assets | 2020-10-09 | 86,418,932 |
Acturial value of plan assets | 2020-10-09 | 82,094,561 |
Funding target for retired participants and beneficiaries receiving payment | 2020-10-09 | 11,865,542 |
Number of terminated vested participants | 2020-10-09 | 106 |
Fundng target for terminated vested participants | 2020-10-09 | 10,328,363 |
Active participant vested funding target | 2020-10-09 | 50,087,323 |
Number of active participants | 2020-10-09 | 254 |
Total funding liabilities for active participants | 2020-10-09 | 50,805,549 |
Total participant count | 2020-10-09 | 505 |
Total funding target for all participants | 2020-10-09 | 72,999,454 |
Balance at beginning of prior year after applicable adjustments | 2020-10-09 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-10-09 | 10,992,209 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2020-10-09 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2020-10-09 | 3,193,642 |
Amount remaining of carryover balance | 2020-10-09 | 0 |
Amount remaining of prefunding balance | 2020-10-09 | 7,798,567 |
Present value of excess contributions | 2020-10-09 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-10-09 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2020-10-09 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-10-09 | 0 |
Balance of carryovers at beginning of current year | 2020-10-09 | 0 |
Balance of prefunding at beginning of current year | 2020-10-09 | 9,422,229 |
Total employer contributions | 2020-10-09 | 0 |
Total employee contributions | 2020-10-09 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-10-09 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-10-09 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-10-09 | 0 |
Liquidity shortfalls end of Q1 | 2020-10-09 | 0 |
Liquidity shortfalls end of Q2 | 2020-10-09 | 0 |
Liquidity shortfalls end of Q3 | 2020-10-09 | 0 |
Liquidity shortfalls end of Q4 | 2020-10-09 | 0 |
Unpaid minimum required contributions for all prior years | 2020-10-09 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-10-09 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-10-09 | 0 |
Minimum required contributions for current year target normal cost | 2020-10-09 | 1,011,733 |
Net shortfall amortization installment of oustanding balance | 2020-10-09 | 327,122 |
Waiver amortization installment | 2020-10-09 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-10-09 | 1,184,691 |
Carryover balance elected to use to offset funding requirement | 2020-10-09 | 0 |
Prefunding balance elected to use to offset funding requirement | 2020-10-09 | 1,184,691 |
Additional cash requirement | 2020-10-09 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2020-10-09 | 0 |
Unpaid minimum required contributions for current year | 2020-10-09 | 0 |
Unpaid minimum required contributions for all years | 2020-10-09 | 0 |
Total participants, beginning-of-year | 2020-01-01 | 505 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 0 |
Number of retired or separated participants receiving benefits | 2020-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 0 |
Total of all active and inactive participants | 2020-01-01 | 0 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 0 |
Total participants | 2020-01-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 0 |
Measure | Date | Value |
---|
2020 : BAY STATE UNION PENSION PLAN 2020 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2020-10-09 | $0 |
Total transfer of assets from this plan | 2020-10-09 | $87,406,167 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-10-09 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-10-09 | $33,336 |
Total income from all sources (including contributions) | 2020-10-09 | $6,823,683 |
Total loss/gain on sale of assets | 2020-10-09 | $0 |
Total of all expenses incurred | 2020-10-09 | $5,836,448 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-10-09 | $5,836,448 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-10-09 | $0 |
Value of total assets at end of year | 2020-10-09 | $0 |
Value of total assets at beginning of year | 2020-10-09 | $86,452,268 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-10-09 | $0 |
Total interest from all sources | 2020-10-09 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-10-09 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-10-09 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2020-10-09 | $0 |
Was this plan covered by a fidelity bond | 2020-10-09 | Yes |
Value of fidelity bond cover | 2020-10-09 | $50,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-10-09 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-10-09 | No |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2020-10-09 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2020-10-09 | $33,336 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-10-09 | No |
Value of net income/loss | 2020-10-09 | $987,235 |
Value of net assets at end of year (total assets less liabilities) | 2020-10-09 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-10-09 | $86,418,932 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-10-09 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-10-09 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-10-09 | No |
Value of interest in master investment trust accounts at end of year | 2020-10-09 | $0 |
Value of interest in master investment trust accounts at beginning of year | 2020-10-09 | $86,452,268 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-10-09 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-10-09 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-10-09 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-10-09 | $5,836,448 |
Did the plan have assets held for investment | 2020-10-09 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-10-09 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-10-09 | Yes |
Opinion of an independent qualified public accountant for this plan | 2020-10-09 | Disclaimer |
Accountancy firm name | 2020-10-09 | DELOITTE AND TOUCHE LLP |
Accountancy firm EIN | 2020-10-09 | 133891517 |