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SCULLY, SCOTT, MURPHY & PRESSER, P.C. CASH BALANCE PLAN 401k Plan overview

Plan NameSCULLY, SCOTT, MURPHY & PRESSER, P.C. CASH BALANCE PLAN
Plan identification number 004

SCULLY, SCOTT, MURPHY & PRESSER, P.C. CASH BALANCE PLAN Benefits

401k Plan TypeDefined 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).
  • 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

SCULLY, SCOTT, MURPHY & PRESSER, P.C. has sponsored the creation of one or more 401k plans.

Company Name:SCULLY, SCOTT, MURPHY & PRESSER, P.C.
Employer identification number (EIN):112579691
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCULLY, SCOTT, MURPHY & PRESSER, P.C. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042022-01-01PETER BERNSTEIN2023-07-05
0042021-01-01PETER BERNSTEIN2022-09-29
0042020-01-01LOUIS MONTI2021-07-12
0042018-01-01LOUIS MONTI2019-07-29
0042017-01-01LOUIS MONTI2018-07-24
0042016-01-01LOUIS MONTI2017-09-06
0042015-01-01LOUIS MONTI2016-08-12

Plan Statistics for SCULLY, SCOTT, MURPHY & PRESSER, P.C. CASH BALANCE PLAN

401k plan membership statisitcs for SCULLY, SCOTT, MURPHY & PRESSER, P.C. CASH BALANCE PLAN

Measure Date Value
2022: SCULLY, SCOTT, MURPHY & PRESSER, P.C. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-312,634,969
Acturial value of plan assets2022-12-312,634,969
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-312
Fundng target for terminated vested participants2022-12-317,610
Active participant vested funding target2022-12-313,219,561
Number of active participants2022-12-3132
Total funding liabilities for active participants2022-12-313,219,561
Total participant count2022-12-3134
Total funding target for all participants2022-12-313,227,171
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3129,018
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-3129,018
Present value of excess contributions2022-12-3170,913
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3174,898
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-3174,898
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-3151,206
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-3153,232
Total employer contributions2022-12-31479,798
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31470,114
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31422,285
Net shortfall amortization installment of oustanding balance2022-12-31645,434
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31481,931
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-3111,817
Additional cash requirement2022-12-31470,114
Contributions allocatedtoward minimum required contributions for current year2022-12-31470,114
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: SCULLY, SCOTT, MURPHY & PRESSER, P.C. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-312,724,422
Acturial value of plan assets2021-12-312,724,422
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-317
Fundng target for terminated vested participants2021-12-3130,329
Active participant vested funding target2021-12-312,660,972
Number of active participants2021-12-3132
Total funding liabilities for active participants2021-12-312,665,704
Total participant count2021-12-3139
Total funding target for all participants2021-12-312,696,033
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-3127,513
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3129,018
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-3129,018
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-3129,018
Total employer contributions2021-12-31488,127
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31478,097
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31407,184
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31407,184
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31407,184
Contributions allocatedtoward minimum required contributions for current year2021-12-31478,097
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: SCULLY, SCOTT, MURPHY & PRESSER, P.C. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-312,359,942
Acturial value of plan assets2020-12-312,359,942
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-316
Fundng target for terminated vested participants2020-12-31142,095
Active participant vested funding target2020-12-312,184,252
Number of active participants2020-12-3140
Total funding liabilities for active participants2020-12-312,184,252
Total participant count2020-12-3146
Total funding target for all participants2020-12-312,326,347
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3112,556
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-3112,556
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-31449,069
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31431,549
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31437,631
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31404,036
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31404,036
Contributions allocatedtoward minimum required contributions for current year2020-12-31431,549
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: SCULLY, SCOTT, MURPHY & PRESSER, P.C. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,754,677
Acturial value of plan assets2019-12-311,754,677
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-314
Fundng target for terminated vested participants2019-12-3115,993
Active participant vested funding target2019-12-311,747,763
Number of active participants2019-12-3137
Total funding liabilities for active participants2019-12-311,747,763
Total participant count2019-12-3141
Total funding target for all participants2019-12-311,763,756
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3119,300
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-315,971
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3113,329
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
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 year2019-12-3112,556
Total employer contributions2019-12-31425,117
Total employee contributions2019-12-310
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 date2019-12-31408,045
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 cost2019-12-31412,938
Net shortfall amortization installment of oustanding balance2019-12-3121,635
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31420,601
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-3112,556
Additional cash requirement2019-12-31408,045
Contributions allocatedtoward minimum required contributions for current year2019-12-31408,045
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: SCULLY, SCOTT, MURPHY & PRESSER, P.C. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,111,413
Acturial value of plan assets2018-12-311,111,413
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-315
Fundng target for terminated vested participants2018-12-315,923
Active participant vested funding target2018-12-311,244,206
Number of active participants2018-12-3140
Total funding liabilities for active participants2018-12-311,244,206
Total participant count2018-12-3145
Total funding target for all participants2018-12-311,250,129
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3125,476
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-317,763
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-3117,713
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
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 year2018-12-3119,300
Total employer contributions2018-12-31420,000
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 date2018-12-31414,099
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 cost2018-12-31393,356
Net shortfall amortization installment of oustanding balance2018-12-31158,016
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31420,070
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-315,971
Additional cash requirement2018-12-31414,099
Contributions allocatedtoward minimum required contributions for current year2018-12-31414,099
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: SCULLY, SCOTT, MURPHY & PRESSER, P.C. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-311,184,691
Acturial value of plan assets2017-12-311,184,691
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-312,065
Active participant vested funding target2017-12-311,166,216
Number of active participants2017-12-3143
Total funding liabilities for active participants2017-12-311,166,216
Total participant count2017-12-3145
Total funding target for all participants2017-12-311,168,281
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3114,326
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 balance2017-12-3114,326
Present value of excess contributions2017-12-319,852
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3110,419
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3110,419
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 year2017-12-3125,476
Total employer contributions2017-12-310
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 date2017-12-310
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 cost2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-3141,714
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-317,763
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-317,763
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: SCULLY, SCOTT, MURPHY & PRESSER, P.C. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31523,822
Acturial value of plan assets2016-12-31523,822
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-31382
Active participant vested funding target2016-12-31553,234
Number of active participants2016-12-3144
Total funding liabilities for active participants2016-12-31553,234
Total participant count2016-12-3145
Total funding target for all participants2016-12-31553,616
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 contributions2016-12-3113,524
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3114,326
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3114,326
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 year2016-12-3114,326
Total employer contributions2016-12-31550,000
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 date2016-12-31558,517
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 cost2016-12-31540,902
Net shortfall amortization installment of oustanding balance2016-12-3146,984
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31548,665
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31548,665
Contributions allocatedtoward minimum required contributions for current year2016-12-31558,517
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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