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Plan Name | JEFFERIES EMPLOYEES' PENSION PLAN |
Plan identification number | 006 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
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Company Name: | JEFFERIES FINANCIAL GROUP, INC. |
Employer identification number (EIN): | 132615557 |
NAIC Classification: | 523110 |
NAIC Description: | Investment Banking and Securities Dealing |
Additional information about JEFFERIES FINANCIAL GROUP, INC.
Jurisdiction of Incorporation: | New York Department of State |
Incorporation Date: | 1968-05-24 |
Company Identification Number: | 223833 |
Legal Registered Office Address: |
520 Madison Avenue - 11th Floor New York New York United States of America (USA) 10022 |
More information about JEFFERIES FINANCIAL GROUP, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
006 | 2022-01-01 |
Measure | Date | Value |
---|---|---|
2022: JEFFERIES EMPLOYEES' PENSION PLAN 2022 401k membership | ||
Market value of plan assets | 2022-12-31 | 63,672,416 |
Acturial value of plan assets | 2022-12-31 | 62,103,829 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 10,163,029 |
Number of terminated vested participants | 2022-12-31 | 378 |
Fundng target for terminated vested participants | 2022-12-31 | 35,174,765 |
Active participant vested funding target | 2022-12-31 | 3,873,702 |
Number of active participants | 2022-12-31 | 35 |
Total funding liabilities for active participants | 2022-12-31 | 3,882,677 |
Total participant count | 2022-12-31 | 500 |
Total funding target for all participants | 2022-12-31 | 49,220,471 |
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 | 4,370,540 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 0 |
Amount remaining of carryover balance | 2022-12-31 | 0 |
Amount remaining of prefunding balance | 2022-12-31 | 4,370,540 |
Present value of excess contributions | 2022-12-31 | 918,572 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 970,288 |
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 | 4,552,792 |
Total employer contributions | 2022-12-31 | 1,000,000 |
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 | 918,598 |
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 | 400,000 |
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 |
Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Additional cash requirement | 2022-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 918,598 |
Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
Total participants, beginning-of-year | 2022-01-01 | 500 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 33 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 67 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 337 |
Total of all active and inactive participants | 2022-01-01 | 437 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 42 |
Total participants | 2022-01-01 | 479 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
Measure | Date | Value |
---|---|---|
2022 : JEFFERIES EMPLOYEES' PENSION PLAN 2022 401k financial data | ||
Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $-1,034 |
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $-1,034 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $87,045 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $105,045 |
Total income from all sources (including contributions) | 2022-12-31 | $-12,558,169 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $6,111,567 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $5,473,639 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,000,000 |
Value of total assets at end of year | 2022-12-31 | $45,014,392 |
Value of total assets at beginning of year | 2022-12-31 | $63,702,128 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $637,928 |
Total interest from all sources | 2022-12-31 | $5,717 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Administrative expenses professional fees incurred | 2022-12-31 | $334,402 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $25,000,000 |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $318 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $0 |
Other income not declared elsewhere | 2022-12-31 | $8,146 |
Administrative expenses (other) incurred | 2022-12-31 | $273,920 |
Liabilities. Value of operating payables at end of year | 2022-12-31 | $87,045 |
Liabilities. Value of operating payables at beginning of year | 2022-12-31 | $105,045 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-18,669,736 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $44,927,347 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $63,597,083 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Investment advisory and management fees | 2022-12-31 | $29,606 |
Value of interest in common/collective trusts at end of year | 2022-12-31 | $43,846,615 |
Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $62,418,645 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $167,459 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $283,483 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $283,483 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $5,717 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $-13,570,998 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $1,000,000 |
Employer contributions (assets) at end of year | 2022-12-31 | $1,000,000 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $1,000,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $5,473,639 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
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 | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | TANNER LLC |
Accountancy firm EIN | 2022-12-31 | 202253063 |
2022: JEFFERIES EMPLOYEES' PENSION PLAN 2022 form 5500 responses | ||
---|---|---|
2022-01-01 | Type of plan entity | Single employer plan |
2022-01-01 | Submission has been amended | No |
2022-01-01 | This submission is the final filing | No |
2022-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2022-01-01 | Plan is a collectively bargained plan | No |
2022-01-01 | Plan funding arrangement – Trust | Yes |
2022-01-01 | Plan benefit arrangement - Trust | Yes |