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PASSONNO PAINTS INC RETIREMENT INCOME PLAN 401k Plan overview

Plan NamePASSONNO PAINTS INC RETIREMENT INCOME PLAN
Plan identification number 001

PASSONNO PAINTS INC RETIREMENT INCOME PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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).

401k Sponsoring company profile

PASSONNO PAINTS INC. has sponsored the creation of one or more 401k plans.

Company Name:PASSONNO PAINTS INC.
Employer identification number (EIN):141289454
NAIC Classification:325500

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PASSONNO PAINTS INC RETIREMENT INCOME PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-09-01RICHARD B. CUNNINGHAM SR.2019-11-07 RICHARD B. CUNNINGHAM SR.2019-11-07
0012018-09-01RICHARD B. CUNNINGHAM SR.2019-11-07 RICHARD B. CUNNINGHAM SR.2019-11-07
0012017-09-01RICHARD B. CUNNINGHAM SR.2019-06-04 RICHARD B. CUNNINGHAM SR.2019-06-04
0012016-09-01
0012015-09-01
0012014-09-01
0012013-09-01
0012012-09-01RICHARD B CUNNINGHAM SR
0012011-09-01RICHARD B CUNNINGHAM SR
0012009-09-01RICHARD B CUNNINGHAM SR

Plan Statistics for PASSONNO PAINTS INC RETIREMENT INCOME PLAN

401k plan membership statisitcs for PASSONNO PAINTS INC RETIREMENT INCOME PLAN

Measure Date Value
2018: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2018 401k membership
Total participants, beginning-of-year2018-09-0119
Total number of active participants reported on line 7a of the Form 55002018-09-010
Number of retired or separated participants receiving benefits2018-09-010
Number of other retired or separated participants entitled to future benefits2018-09-010
Total of all active and inactive participants2018-09-010
Total participants2018-09-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-09-010
Market value of plan assets2018-08-31213,844
Acturial value of plan assets2018-08-31213,844
Funding target for retired participants and beneficiaries receiving payment2018-08-3125,522
Number of terminated vested participants2018-08-319
Fundng target for terminated vested participants2018-08-31101,202
Active participant vested funding target2018-08-31137,412
Number of active participants2018-08-319
Total funding liabilities for active participants2018-08-31138,212
Total participant count2018-08-3120
Total funding target for all participants2018-08-31264,936
Balance at beginning of prior year after applicable adjustments2018-08-310
Prefunding balance at beginning of prior year after applicable adjustments2018-08-316,189
Carryover balanced portion elected for use to offset prior years funding requirement2018-08-310
Prefunding balanced used to offset prior years funding requirement2018-08-313,582
Amount remaining of prefunding balance2018-08-312,607
Present value of excess contributions2018-08-3122
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-08-3124
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-08-3124
Balance of carryovers at beginning of current year2018-08-310
Balance of prefunding at beginning of current year2018-08-312,845
Total employer contributions2018-08-31121,541
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-08-31112,545
Liquidity shortfalls end of Q12018-08-310
Liquidity shortfalls end of Q22018-08-310
Liquidity shortfalls end of Q32018-08-310
Liquidity shortfalls end of Q42018-08-310
Remaining amount of unpaid minimum required contributions2018-08-310
Minimum required contributions for current year target normal cost2018-08-312,500
Net shortfall amortization installment of oustanding balance2018-08-3153,937
Total funding amount beforereflecting carryover/prefunding balances2018-08-3113,024
Carryover balance elected to use to offset funding requirement2018-08-310
Prefunding balance elected to use to offset funding requirement2018-08-310
Additional cash requirement2018-08-3113,024
Contributions allocatedtoward minimum required contributions for current year2018-08-31112,545
Unpaid minimum required contributions for current year2018-08-310
2017: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2017 401k membership
Total participants, beginning-of-year2017-09-0120
Total number of active participants reported on line 7a of the Form 55002017-09-019
Number of other retired or separated participants entitled to future benefits2017-09-018
Total of all active and inactive participants2017-09-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-09-012
Total participants2017-09-0119
Market value of plan assets2017-08-31250,343
Acturial value of plan assets2017-08-31250,343
Funding target for retired participants and beneficiaries receiving payment2017-08-3117,607
Number of terminated vested participants2017-08-319
Fundng target for terminated vested participants2017-08-3199,286
Active participant vested funding target2017-08-31166,315
Number of active participants2017-08-3111
Total funding liabilities for active participants2017-08-31167,306
Total participant count2017-08-3121
Total funding target for all participants2017-08-31284,199
Balance at beginning of prior year after applicable adjustments2017-08-3147
Prefunding balance at beginning of prior year after applicable adjustments2017-08-312,979
Carryover balanced portion elected for use to offset prior years funding requirement2017-08-3147
Prefunding balanced used to offset prior years funding requirement2017-08-31824
Amount remaining of prefunding balance2017-08-312,155
Present value of excess contributions2017-08-313,672
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-08-313,903
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-08-313,903
Balance of carryovers at beginning of current year2017-08-310
Balance of prefunding at beginning of current year2017-08-316,189
Total employer contributions2017-08-316,781
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-08-316,309
Liquidity shortfalls end of Q12017-08-310
Liquidity shortfalls end of Q22017-08-310
Liquidity shortfalls end of Q32017-08-310
Liquidity shortfalls end of Q42017-08-310
Remaining amount of unpaid minimum required contributions2017-08-310
Minimum required contributions for current year target normal cost2017-08-312,500
Net shortfall amortization installment of oustanding balance2017-08-3140,045
Total funding amount beforereflecting carryover/prefunding balances2017-08-319,869
Carryover balance elected to use to offset funding requirement2017-08-310
Prefunding balance elected to use to offset funding requirement2017-08-313,582
Additional cash requirement2017-08-316,287
Contributions allocatedtoward minimum required contributions for current year2017-08-316,309
Unpaid minimum required contributions for current year2017-08-310
2016: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2016 401k membership
Total participants, beginning-of-year2016-09-0121
Total number of active participants reported on line 7a of the Form 55002016-09-019
Number of other retired or separated participants entitled to future benefits2016-09-019
Total of all active and inactive participants2016-09-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-09-012
Total participants2016-09-0120
2015: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2015 401k membership
Total participants, beginning-of-year2015-09-0123
Total number of active participants reported on line 7a of the Form 55002015-09-0111
Number of other retired or separated participants entitled to future benefits2015-09-018
Total of all active and inactive participants2015-09-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-09-012
Total participants2015-09-0121
2014: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2014 401k membership
Total participants, beginning-of-year2014-09-0123
Total number of active participants reported on line 7a of the Form 55002014-09-0111
Number of other retired or separated participants entitled to future benefits2014-09-0110
Total of all active and inactive participants2014-09-0121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-09-012
Total participants2014-09-0123
2013: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2013 401k membership
Total participants, beginning-of-year2013-09-0126
Total number of active participants reported on line 7a of the Form 55002013-09-0111
Number of other retired or separated participants entitled to future benefits2013-09-0111
Total of all active and inactive participants2013-09-0122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-09-011
Total participants2013-09-0123
2012: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2012 401k membership
Total participants, beginning-of-year2012-09-0126
Total number of active participants reported on line 7a of the Form 55002012-09-0112
Number of other retired or separated participants entitled to future benefits2012-09-0113
Total of all active and inactive participants2012-09-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-09-011
Total participants2012-09-0126
2011: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2011 401k membership
Total participants, beginning-of-year2011-09-0127
Total number of active participants reported on line 7a of the Form 55002011-09-0112
Number of other retired or separated participants entitled to future benefits2011-09-0113
Total of all active and inactive participants2011-09-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-09-011
Total participants2011-09-0126
2009: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2009 401k membership
Total participants, beginning-of-year2009-09-0129
Total number of active participants reported on line 7a of the Form 55002009-09-0115
Number of other retired or separated participants entitled to future benefits2009-09-0113
Total of all active and inactive participants2009-09-0128
Total participants2009-09-0128

Financial Data on PASSONNO PAINTS INC RETIREMENT INCOME PLAN

Measure Date Value
2019 : PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2019 401k financial data
Total income from all sources2019-01-31$7,098
Expenses. Total of all expenses incurred2019-01-31$317,562
Benefits paid (including direct rollovers)2019-01-31$291,697
Total plan assets at end of year2019-01-31$0
Total plan assets at beginning of year2019-01-31$310,464
Value of fidelity bond covering the plan2019-01-31$50,000
Other income received2019-01-31$-3,420
Net income (gross income less expenses)2019-01-31$-310,464
Net plan assets at end of year (total assets less liabilities)2019-01-31$0
Net plan assets at beginning of year (total assets less liabilities)2019-01-31$310,464
Total contributions received or receivable from employer(s)2019-01-31$10,518
Expenses. Administrative service providers (salaries,fees and commissions)2019-01-31$25,865
2017 : PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2017 401k financial data
Total income from all sources2017-08-31$24,969
Expenses. Total of all expenses incurred2017-08-31$61,469
Benefits paid (including direct rollovers)2017-08-31$56,869
Total plan assets at end of year2017-08-31$213,844
Total plan assets at beginning of year2017-08-31$250,344
Value of fidelity bond covering the plan2017-08-31$50,000
Other income received2017-08-31$18,191
Net income (gross income less expenses)2017-08-31$-36,500
Net plan assets at end of year (total assets less liabilities)2017-08-31$213,844
Net plan assets at beginning of year (total assets less liabilities)2017-08-31$250,344
Total contributions received or receivable from employer(s)2017-08-31$6,778
Expenses. Administrative service providers (salaries,fees and commissions)2017-08-31$4,600
2016 : PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2016 401k financial data
Total income from all sources2016-08-31$25,591
Expenses. Total of all expenses incurred2016-08-31$30,068
Benefits paid (including direct rollovers)2016-08-31$26,908
Total plan assets at end of year2016-08-31$250,344
Total plan assets at beginning of year2016-08-31$254,821
Value of fidelity bond covering the plan2016-08-31$50,000
Other income received2016-08-31$14,856
Net income (gross income less expenses)2016-08-31$-4,477
Net plan assets at end of year (total assets less liabilities)2016-08-31$250,344
Net plan assets at beginning of year (total assets less liabilities)2016-08-31$254,821
Total contributions received or receivable from employer(s)2016-08-31$10,735
Expenses. Administrative service providers (salaries,fees and commissions)2016-08-31$3,160
2015 : PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2015 401k financial data
Total income from all sources2015-08-31$3,172
Expenses. Total of all expenses incurred2015-08-31$4,134
Benefits paid (including direct rollovers)2015-08-31$1,634
Total plan assets at end of year2015-08-31$254,821
Total plan assets at beginning of year2015-08-31$255,783
Value of fidelity bond covering the plan2015-08-31$50,000
Other income received2015-08-31$-662
Net income (gross income less expenses)2015-08-31$-962
Net plan assets at end of year (total assets less liabilities)2015-08-31$254,821
Net plan assets at beginning of year (total assets less liabilities)2015-08-31$255,783
Total contributions received or receivable from employer(s)2015-08-31$3,834
Expenses. Administrative service providers (salaries,fees and commissions)2015-08-31$2,500
2014 : PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2014 401k financial data
Total income from all sources2014-08-31$37,968
Expenses. Total of all expenses incurred2014-08-31$127,087
Benefits paid (including direct rollovers)2014-08-31$124,449
Total plan assets at end of year2014-08-31$255,783
Total plan assets at beginning of year2014-08-31$344,902
Value of fidelity bond covering the plan2014-08-31$50,000
Other income received2014-08-31$36,503
Net income (gross income less expenses)2014-08-31$-89,119
Net plan assets at end of year (total assets less liabilities)2014-08-31$255,783
Net plan assets at beginning of year (total assets less liabilities)2014-08-31$344,902
Total contributions received or receivable from employer(s)2014-08-31$1,465
Expenses. Administrative service providers (salaries,fees and commissions)2014-08-31$2,638
2013 : PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2013 401k financial data
Total income from all sources2013-08-31$24,974
Expenses. Total of all expenses incurred2013-08-31$3,734
Benefits paid (including direct rollovers)2013-08-31$1,634
Total plan assets at end of year2013-08-31$344,902
Total plan assets at beginning of year2013-08-31$323,662
Value of fidelity bond covering the plan2013-08-31$50,000
Other income received2013-08-31$24,939
Net income (gross income less expenses)2013-08-31$21,240
Net plan assets at end of year (total assets less liabilities)2013-08-31$344,902
Net plan assets at beginning of year (total assets less liabilities)2013-08-31$323,662
Total contributions received or receivable from employer(s)2013-08-31$35
Expenses. Administrative service providers (salaries,fees and commissions)2013-08-31$2,100
2012 : PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2012 401k financial data
Total income from all sources2012-08-31$28,340
Expenses. Total of all expenses incurred2012-08-31$18,901
Benefits paid (including direct rollovers)2012-08-31$16,501
Total plan assets at end of year2012-08-31$323,662
Total plan assets at beginning of year2012-08-31$314,223
Value of fidelity bond covering the plan2012-08-31$50,000
Other income received2012-08-31$25,201
Net income (gross income less expenses)2012-08-31$9,439
Net plan assets at end of year (total assets less liabilities)2012-08-31$323,662
Net plan assets at beginning of year (total assets less liabilities)2012-08-31$314,223
Total contributions received or receivable from employer(s)2012-08-31$3,139
Expenses. Administrative service providers (salaries,fees and commissions)2012-08-31$2,400
2011 : PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2011 401k financial data
Total income from all sources2011-08-31$24,494
Expenses. Total of all expenses incurred2011-08-31$30,129
Benefits paid (including direct rollovers)2011-08-31$28,029
Total plan assets at end of year2011-08-31$314,223
Total plan assets at beginning of year2011-08-31$319,858
Value of fidelity bond covering the plan2011-08-31$50,000
Other income received2011-08-31$22,508
Net income (gross income less expenses)2011-08-31$-5,635
Net plan assets at end of year (total assets less liabilities)2011-08-31$314,223
Net plan assets at beginning of year (total assets less liabilities)2011-08-31$319,858
Total contributions received or receivable from employer(s)2011-08-31$1,986
Expenses. Administrative service providers (salaries,fees and commissions)2011-08-31$2,100

Form 5500 Responses for PASSONNO PAINTS INC RETIREMENT INCOME PLAN

2018: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2018 form 5500 responses
2018-09-01Type of plan entitySingle employer plan
2018-09-01This submission is the final filingYes
2018-09-01This return/report is a short plan year return/report (less than 12 months)Yes
2018-09-01Plan is a collectively bargained planYes
2018-09-01Plan funding arrangement – InsuranceYes
2018-09-01Plan funding arrangement – TrustYes
2018-09-01Plan benefit arrangement – InsuranceYes
2017: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2017 form 5500 responses
2017-09-01Type of plan entitySingle employer plan
2017-09-01Plan is a collectively bargained planYes
2017-09-01Plan funding arrangement – InsuranceYes
2017-09-01Plan funding arrangement – TrustYes
2017-09-01Plan benefit arrangement – InsuranceYes
2016: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2016 form 5500 responses
2016-09-01Type of plan entitySingle employer plan
2016-09-01Plan is a collectively bargained planYes
2016-09-01Plan funding arrangement – InsuranceYes
2016-09-01Plan funding arrangement – TrustYes
2016-09-01Plan benefit arrangement – InsuranceYes
2015: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2015 form 5500 responses
2015-09-01Type of plan entitySingle employer plan
2015-09-01Plan is a collectively bargained planYes
2015-09-01Plan funding arrangement – InsuranceYes
2015-09-01Plan funding arrangement – TrustYes
2015-09-01Plan benefit arrangement – InsuranceYes
2014: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2014 form 5500 responses
2014-09-01Type of plan entitySingle employer plan
2014-09-01Plan is a collectively bargained planYes
2014-09-01Plan funding arrangement – InsuranceYes
2014-09-01Plan funding arrangement – TrustYes
2014-09-01Plan benefit arrangement – InsuranceYes
2013: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2013 form 5500 responses
2013-09-01Type of plan entitySingle employer plan
2013-09-01Plan is a collectively bargained planYes
2013-09-01Plan funding arrangement – InsuranceYes
2013-09-01Plan funding arrangement – TrustYes
2013-09-01Plan benefit arrangement – InsuranceYes
2012: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2012 form 5500 responses
2012-09-01Type of plan entitySingle employer plan
2012-09-01Plan is a collectively bargained planYes
2012-09-01Plan funding arrangement – InsuranceYes
2012-09-01Plan funding arrangement – TrustYes
2012-09-01Plan benefit arrangement – InsuranceYes
2011: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2011 form 5500 responses
2011-09-01Type of plan entitySingle employer plan
2011-09-01Plan is a collectively bargained planYes
2011-09-01Plan funding arrangement – InsuranceYes
2011-09-01Plan funding arrangement – TrustYes
2011-09-01Plan benefit arrangement – InsuranceYes
2009: PASSONNO PAINTS INC RETIREMENT INCOME PLAN 2009 form 5500 responses
2009-09-01Type of plan entitySingle employer plan
2009-09-01This submission is the final filingNo
2009-09-01Plan is a collectively bargained planYes
2009-09-01Plan funding arrangement – InsuranceYes
2009-09-01Plan funding arrangement – TrustYes
2009-09-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberZH1134
Policy instance 2
Insurance contract or identification numberZH1134
Number of Individuals Covered0
Insurance policy start date2018-09-01
Insurance policy end date2019-01-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number002762
Policy instance 1
Insurance contract or identification number002762
Number of Individuals Covered0
Insurance policy start date2018-09-01
Insurance policy end date2019-01-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contracts With Unallocated Funds Deposit Administration1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number002762
Policy instance 1
Insurance contract or identification number002762
Number of Individuals Covered19
Insurance policy start date2017-09-01
Insurance policy end date2018-08-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contracts With Unallocated Funds Deposit Administration1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberZH1134
Policy instance 2
Insurance contract or identification numberZH1134
Number of Individuals Covered19
Insurance policy start date2017-09-01
Insurance policy end date2018-08-31
Total amount of commissions paid to insurance brokerUSD $464
Total amount of fees paid to insurance companyUSD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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