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UNIVERSAL MUSIC - MGB NA LLC DEFINED BENEFIT PLAN AND TRUST 401k Plan overview

Plan NameUNIVERSAL MUSIC - MGB NA LLC DEFINED BENEFIT PLAN AND TRUST
Plan identification number 003

UNIVERSAL MUSIC - MGB NA LLC DEFINED BENEFIT PLAN AND TRUST Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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).

401k Sponsoring company profile

UMG RECORDINGS, INC. has sponsored the creation of one or more 401k plans.

Company Name:UMG RECORDINGS, INC.
Employer identification number (EIN):132613071
NAIC Classification:512200
NAIC Description: Sound Recording Industries

Additional information about UMG RECORDINGS, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2000-01-18
Company Identification Number: 0012984606
Legal Registered Office Address: 800 3RD AVE FL 3 C/O VIVENDI TAX

NEW YORK
United States of America (USA)
10022

More information about UMG RECORDINGS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UNIVERSAL MUSIC - MGB NA LLC DEFINED BENEFIT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01JASON GALLIEN2023-09-07
0032021-01-01JASON GALLIEN2022-10-12 JASON GALLIEN2022-10-12
0032020-01-01JASON GALLIEN2021-09-20 JASON GALLIEN2021-09-20
0032019-01-01JASON GALLIEN2020-10-06 JASON GALLIEN2020-10-06
0032019-01-01JASON GALLIEN2021-01-04 JASON GALLIEN2021-01-04
0032019-01-01JASON GALLIEN2021-01-04 JASON GALLIEN2021-01-04
0032018-01-01JASON GALLIEN2019-09-17 JASON GALLIEN2019-09-17
0032017-01-01JASON GALLIEN2018-10-01 JASON GALLIEN2018-10-01
0032016-01-01JASON GALLIEN2017-09-14 JASON GALLIEN2017-09-14
0032015-01-01JASON GALLIEN2016-09-21 JASON GALLIEN2016-09-21
0032014-01-01JASON GALLIEN2015-10-05 JASON GALLIEN2015-10-05
0032013-01-01JASON GALLIEN2014-10-06 JASON GALLIEN2014-10-06
0032012-01-01JASON GALLIEN2013-09-19 JASON GALLIEN2013-09-19
0032011-01-01JASON GALLIEN2012-10-11 JASON GALLIEN2012-10-11
0032010-01-01CHARLES C. CIONGOLI2011-10-10 CHARLES C. CIONGOLI2011-10-10

Plan Statistics for UNIVERSAL MUSIC - MGB NA LLC DEFINED BENEFIT PLAN AND TRUST

401k plan membership statisitcs for UNIVERSAL MUSIC - MGB NA LLC DEFINED BENEFIT PLAN AND TRUST

Measure Date Value
2022: UNIVERSAL MUSIC - MGB NA LLC DEFINED BENEFIT PLAN AND TRUST 2022 401k membership
Market value of plan assets2022-12-31279,469
Acturial value of plan assets2022-12-31279,469
Funding target for retired participants and beneficiaries receiving payment2022-12-3149,795
Number of terminated vested participants2022-12-319
Fundng target for terminated vested participants2022-12-31243,348
Active participant vested funding target2022-12-3125,044
Number of active participants2022-12-312
Total funding liabilities for active participants2022-12-3125,044
Total participant count2022-12-3113
Total funding target for all participants2022-12-31318,187
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-315,324
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 balance2022-12-315,324
Present value of excess contributions2022-12-318
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-318
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-318
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-315,333
Total employer contributions2022-12-310
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 date2022-12-310
Liquidity shortfalls end of Q12022-12-310
Liquidity shortfalls end of Q22022-12-310
Liquidity shortfalls end of Q32022-12-310
Liquidity shortfalls end of Q42022-12-310
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 cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-3144,342
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-314,098
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-314,098
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: UNIVERSAL MUSIC - MGB NA LLC DEFINED BENEFIT PLAN AND TRUST 2021 401k membership
Market value of plan assets2021-12-31265,181
Acturial value of plan assets2021-12-31265,181
Funding target for retired participants and beneficiaries receiving payment2021-12-3150,339
Number of terminated vested participants2021-12-319
Fundng target for terminated vested participants2021-12-31223,456
Active participant vested funding target2021-12-3122,697
Number of active participants2021-12-312
Total funding liabilities for active participants2021-12-3122,697
Total participant count2021-12-3113
Total funding target for all participants2021-12-31296,492
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-315,278
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 balance2021-12-315,278
Present value of excess contributions2021-12-3118
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3118
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-3118
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 year2021-12-315,324
Total employer contributions2021-12-3114,453
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 date2021-12-3113,388
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
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 cost2021-12-310
Net shortfall amortization installment of oustanding balance2021-12-3136,936
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3113,380
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-3113,380
Contributions allocatedtoward minimum required contributions for current year2021-12-3113,388
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: UNIVERSAL MUSIC - MGB NA LLC DEFINED BENEFIT PLAN AND TRUST 2020 401k membership
Market value of plan assets2020-12-31257,209
Acturial value of plan assets2020-12-31257,209
Funding target for retired participants and beneficiaries receiving payment2020-12-3132,570
Number of terminated vested participants2020-12-3110
Fundng target for terminated vested participants2020-12-31216,589
Active participant vested funding target2020-12-3120,701
Number of active participants2020-12-312
Total funding liabilities for active participants2020-12-3120,701
Total participant count2020-12-3113
Total funding target for all participants2020-12-31269,860
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-314,674
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-314,674
Present value of excess contributions2020-12-31500
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31500
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-31500
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 year2020-12-315,278
Total employer contributions2020-12-3112,321
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 date2020-12-3111,536
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
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 cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-3118,236
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3111,518
Additional cash requirement2020-12-3111,518
Contributions allocatedtoward minimum required contributions for current year2020-12-3111,536
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: UNIVERSAL MUSIC - MGB NA LLC DEFINED BENEFIT PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-12-31236,090
Acturial value of plan assets2019-12-31236,090
Funding target for retired participants and beneficiaries receiving payment2019-12-3134,033
Number of terminated vested participants2019-12-3111
Fundng target for terminated vested participants2019-12-31253,125
Active participant vested funding target2019-12-3120,058
Number of active participants2019-12-312
Total funding liabilities for active participants2019-12-3120,058
Total participant count2019-12-3114
Total funding target for all participants2019-12-31307,216
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-316,207
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-316,207
Present value of excess contributions2019-12-31362
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31362
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-31362
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-312,017
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-314,674
Total employer contributions2019-12-310
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 date2019-12-310
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
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 cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-3176,064
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3120,260
Additional cash requirement2019-12-3120,260
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-3120,260
Unpaid minimum required contributions for all years2019-12-3120,260
2018: UNIVERSAL MUSIC - MGB NA LLC DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-12-31214,512
Acturial value of plan assets2018-12-31214,512
Funding target for retired participants and beneficiaries receiving payment2018-12-3134,425
Number of terminated vested participants2018-12-3111
Fundng target for terminated vested participants2018-12-31233,483
Active participant vested funding target2018-12-3118,154
Number of active participants2018-12-312
Total funding liabilities for active participants2018-12-3118,154
Total participant count2018-12-3114
Total funding target for all participants2018-12-31286,062
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-316,115
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-316,115
Present value of excess contributions2018-12-3130
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3130
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3130
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 year2018-12-316,207
Total employer contributions2018-12-3119,546
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 date2018-12-3118,498
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
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 cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-3178,120
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3118,136
Additional cash requirement2018-12-3118,136
Contributions allocatedtoward minimum required contributions for current year2018-12-3118,498
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: UNIVERSAL MUSIC - MGB NA LLC DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-12-31198,188
Acturial value of plan assets2017-12-31198,188
Funding target for retired participants and beneficiaries receiving payment2017-12-3133,802
Number of terminated vested participants2017-12-3111
Fundng target for terminated vested participants2017-12-31207,460
Active participant vested funding target2017-12-3115,775
Number of active participants2017-12-312
Total funding liabilities for active participants2017-12-3115,775
Total participant count2017-12-3114
Total funding target for all participants2017-12-31257,037
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-315,845
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 balance2017-12-315,845
Present value of excess contributions2017-12-31241
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31241
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31241
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 year2017-12-316,115
Total employer contributions2017-12-3115,303
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 date2017-12-3114,207
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
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 balance2017-12-3165,334
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3114,177
Additional cash requirement2017-12-3114,177
Contributions allocatedtoward minimum required contributions for current year2017-12-3114,207
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: UNIVERSAL MUSIC - MGB NA LLC DEFINED BENEFIT PLAN AND TRUST 2016 401k membership
Market value of plan assets2016-12-31187,059
Acturial value of plan assets2016-12-31187,059
Funding target for retired participants and beneficiaries receiving payment2016-12-3133,920
Number of terminated vested participants2016-12-3111
Fundng target for terminated vested participants2016-12-31188,696
Active participant vested funding target2016-12-3114,096
Number of active participants2016-12-312
Total funding liabilities for active participants2016-12-3114,096
Total participant count2016-12-3114
Total funding target for all participants2016-12-31236,712
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-317,443
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 balance2016-12-317,443
Present value of excess contributions2016-12-3119
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3119
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3119
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-311,621
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-315,845
Total employer contributions2016-12-3112,090
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 date2016-12-3111,443
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
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 cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-3155,864
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3111,202
Additional cash requirement2016-12-3111,202
Contributions allocatedtoward minimum required contributions for current year2016-12-3111,443
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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