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AXINN, VELTROP & HARKRIDER, LLP CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameAXINN, VELTROP & HARKRIDER, LLP CASH BALANCE PENSION PLAN
Plan identification number 003

AXINN, VELTROP & HARKRIDER, LLP CASH BALANCE PENSION 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).
  • 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).
  • Plan covering Self-Employed individuals.

401k Sponsoring company profile

AXINN VELTROP & HARKRIDER LLP has sponsored the creation of one or more 401k plans.

Company Name:AXINN VELTROP & HARKRIDER LLP
Employer identification number (EIN):133938205
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AXINN, VELTROP & HARKRIDER, LLP CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032021-01-01
0032020-01-01MELISSA MACKLIN2021-10-13
0032019-01-01MELISSA MACKLIN2020-09-28
0032018-01-01MELISSA MACKLIN2019-07-26
0032017-01-01MELISSA MACKLIN2018-07-20
0032016-01-01MELISSA MACKLIN2017-10-10
0032015-01-01MELISSA MACKLIN2016-07-25
0032014-01-01MELISSA MACKLIN2015-07-27
0032013-01-01MELISSA MACKLIN2014-07-30
0032012-01-01MELISSA MACKLIN2013-07-25
0032011-01-01MELISSA MACKLIN2012-10-11
0032010-01-01LAUREN ALBERT2011-10-17

Plan Statistics for AXINN, VELTROP & HARKRIDER, LLP CASH BALANCE PENSION PLAN

401k plan membership statisitcs for AXINN, VELTROP & HARKRIDER, LLP CASH BALANCE PENSION PLAN

Measure Date Value
2019: AXINN, VELTROP & HARKRIDER, LLP CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-3111,996,782
Acturial value of plan assets2019-12-3111,996,782
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-3142
Fundng target for terminated vested participants2019-12-312,900,661
Active participant vested funding target2019-12-317,007,175
Number of active participants2019-12-3158
Total funding liabilities for active participants2019-12-317,025,176
Total participant count2019-12-31100
Total funding target for all participants2019-12-319,925,837
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-312,597,670
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 balance2019-12-312,597,670
Present value of excess contributions2019-12-3144,934
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3147,383
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 elections2019-12-31504,385
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-312,070,945
Total employer contributions2019-12-311,463,127
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 date2019-12-311,342,278
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 cost2019-12-311,148,102
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-311,148,102
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-311,148,102
Contributions allocatedtoward minimum required contributions for current year2019-12-311,342,278
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: AXINN, VELTROP & HARKRIDER, LLP CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-3110,864,667
Acturial value of plan assets2018-12-3110,864,667
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-3137
Fundng target for terminated vested participants2018-12-312,764,895
Active participant vested funding target2018-12-316,055,119
Number of active participants2018-12-3155
Total funding liabilities for active participants2018-12-316,072,637
Total participant count2018-12-3192
Total funding target for all participants2018-12-318,837,532
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-312,312,333
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 balance2018-12-312,312,333
Present value of excess contributions2018-12-31130,271
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31137,579
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31137,579
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 year2018-12-312,597,670
Total employer contributions2018-12-311,387,333
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 date2018-12-311,266,218
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 cost2018-12-311,138,728
Net shortfall amortization installment of oustanding balance2018-12-31445,898
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-311,221,284
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-311,221,284
Contributions allocatedtoward minimum required contributions for current year2018-12-311,266,218
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: AXINN, VELTROP & HARKRIDER, LLP CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-318,813,725
Acturial value of plan assets2017-12-318,813,725
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-3128
Fundng target for terminated vested participants2017-12-31434,475
Active participant vested funding target2017-12-316,555,245
Number of active participants2017-12-3156
Total funding liabilities for active participants2017-12-316,569,655
Total participant count2017-12-3184
Total funding target for all participants2017-12-317,004,130
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-311,864,397
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 balance2017-12-311,864,397
Present value of excess contributions2017-12-31312,946
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31331,598
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31331,598
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 year2017-12-312,312,333
Total employer contributions2017-12-311,546,419
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 date2017-12-311,440,710
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 cost2017-12-311,227,883
Net shortfall amortization installment of oustanding balance2017-12-31502,738
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-311,310,439
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-311,310,439
Contributions allocatedtoward minimum required contributions for current year2017-12-311,440,710
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: AXINN, VELTROP & HARKRIDER, LLP CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-317,035,307
Acturial value of plan assets2016-12-317,035,307
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-3125
Fundng target for terminated vested participants2016-12-31374,504
Active participant vested funding target2016-12-314,765,097
Number of active participants2016-12-3150
Total funding liabilities for active participants2016-12-314,779,504
Total participant count2016-12-3175
Total funding target for all participants2016-12-315,154,008
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-311,614,958
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 balance2016-12-311,614,958
Present value of excess contributions2016-12-31236,121
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31248,470
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31248,470
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 year2016-12-311,864,397
Total employer contributions2016-12-311,404,352
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 date2016-12-311,312,001
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 cost2016-12-311,015,957
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31999,055
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31999,055
Contributions allocatedtoward minimum required contributions for current year2016-12-311,312,001
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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