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Plan Name | MALTA DEVELOPMENT CO., INC. DEFINED BENEFIT PLAN |
Plan identification number | 002 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
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Company Name: | MALTA DEVELOPMENT CO., INC. |
Employer identification number (EIN): | 141710768 |
NAIC Classification: | 236110 |
Additional information about MALTA DEVELOPMENT CO., INC.
Jurisdiction of Incorporation: | New York Department of State |
Incorporation Date: | 1988-08-15 |
Company Identification Number: | 1284548 |
Legal Registered Office Address: |
464 Maple Ave Suite 13 Saratoga Springs United States of America (USA) 12866 |
More information about MALTA DEVELOPMENT CO., INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
002 | 2020-01-01 | ||||
002 | 2019-01-01 | ||||
002 | 2018-01-01 | ||||
002 | 2017-01-01 | ||||
002 | 2016-01-01 | ||||
002 | 2015-01-01 | ||||
002 | 2014-01-01 | ||||
002 | 2013-01-01 | ||||
002 | 2012-01-01 | THOMAS SAMASCOTT | 2013-10-08 | THOMAS SAMASCOTT | 2013-10-08 |
002 | 2011-01-01 | THOMAS SAMASCOTT | 2012-10-15 | THOMAS SAMASCOTT | 2012-10-15 |
002 | 2010-01-01 | THOMAS SAMASCOTT | 2011-10-27 | THOMAS SAMASCOTT | 2011-10-27 |
002 | 2007-01-01 | THOMAS SAMASCOTT |
Measure | Date | Value |
---|---|---|
2018: MALTA DEVELOPMENT CO., INC. DEFINED BENEFIT PLAN 2018 401k membership | ||
Market value of plan assets | 2018-12-31 | 3,380,623 |
Acturial value of plan assets | 2018-12-31 | 3,380,623 |
Funding target for retired participants and beneficiaries receiving payment | 2018-12-31 | 0 |
Number of terminated vested participants | 2018-12-31 | 3 |
Fundng target for terminated vested participants | 2018-12-31 | 17,155 |
Active participant vested funding target | 2018-12-31 | 3,560,178 |
Number of active participants | 2018-12-31 | 10 |
Total funding liabilities for active participants | 2018-12-31 | 3,560,178 |
Total participant count | 2018-12-31 | 13 |
Total funding target for all participants | 2018-12-31 | 3,577,333 |
Balance at beginning of prior year after applicable adjustments | 2018-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2018-12-31 | 370,210 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2018-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2018-12-31 | 0 |
Amount remaining of carryover balance | 2018-12-31 | 0 |
Amount remaining of prefunding balance | 2018-12-31 | 370,210 |
Present value of excess contributions | 2018-12-31 | 470 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-12-31 | 470 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-12-31 | 470 |
Reductions in caryover balances due to elections or deemed elections | 2018-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2018-12-31 | 0 |
Balance of carryovers at beginning of current year | 2018-12-31 | 0 |
Balance of prefunding at beginning of current year | 2018-12-31 | 400,260 |
Total employer contributions | 2018-12-31 | 111,728 |
Total employee contributions | 2018-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2018-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2018-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-12-31 | 103,368 |
Liquidity shortfalls end of Q1 | 2018-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2018-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2018-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2018-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2018-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2018-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2018-12-31 | 0 |
Net shortfall amortization installment of oustanding balance | 2018-12-31 | 619,625 |
Waiver amortization installment | 2018-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2018-12-31 | 103,279 |
Carryover balance elected to use to offset funding requirement | 2018-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2018-12-31 | 0 |
Additional cash requirement | 2018-12-31 | 103,279 |
Contributions allocatedtoward minimum required contributions for current year | 2018-12-31 | 103,368 |
Unpaid minimum required contributions for current year | 2018-12-31 | 0 |
Unpaid minimum required contributions for all years | 2018-12-31 | 0 |
2017: MALTA DEVELOPMENT CO., INC. DEFINED BENEFIT PLAN 2017 401k membership | ||
Market value of plan assets | 2017-12-31 | 3,235,659 |
Acturial value of plan assets | 2017-12-31 | 3,235,659 |
Funding target for retired participants and beneficiaries receiving payment | 2017-12-31 | 0 |
Number of terminated vested participants | 2017-12-31 | 5 |
Fundng target for terminated vested participants | 2017-12-31 | 18,121 |
Active participant vested funding target | 2017-12-31 | 2,944,716 |
Number of active participants | 2017-12-31 | 11 |
Total funding liabilities for active participants | 2017-12-31 | 2,947,660 |
Total participant count | 2017-12-31 | 16 |
Total funding target for all participants | 2017-12-31 | 2,965,781 |
Balance at beginning of prior year after applicable adjustments | 2017-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2017-12-31 | 168,256 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2017-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2017-12-31 | 0 |
Amount remaining of carryover balance | 2017-12-31 | 0 |
Amount remaining of prefunding balance | 2017-12-31 | 168,256 |
Present value of excess contributions | 2017-12-31 | 191,960 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-12-31 | 191,960 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2017-12-31 | 191,960 |
Reductions in caryover balances due to elections or deemed elections | 2017-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2017-12-31 | 0 |
Balance of carryovers at beginning of current year | 2017-12-31 | 0 |
Balance of prefunding at beginning of current year | 2017-12-31 | 370,210 |
Total employer contributions | 2017-12-31 | 279,231 |
Total employee contributions | 2017-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2017-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2017-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2017-12-31 | 258,373 |
Liquidity shortfalls end of Q1 | 2017-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2017-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2017-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2017-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2017-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2017-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2017-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2017-12-31 | 253,882 |
Net shortfall amortization installment of oustanding balance | 2017-12-31 | 15,146 |
Waiver amortization installment | 2017-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2017-12-31 | 257,903 |
Carryover balance elected to use to offset funding requirement | 2017-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2017-12-31 | 0 |
Additional cash requirement | 2017-12-31 | 257,903 |
Contributions allocatedtoward minimum required contributions for current year | 2017-12-31 | 258,373 |
Unpaid minimum required contributions for current year | 2017-12-31 | 0 |
Unpaid minimum required contributions for all years | 2017-12-31 | 0 |
2016: MALTA DEVELOPMENT CO., INC. DEFINED BENEFIT PLAN 2016 401k membership | ||
Market value of plan assets | 2016-12-31 | 2,557,680 |
Acturial value of plan assets | 2016-12-31 | 2,557,680 |
Funding target for retired participants and beneficiaries receiving payment | 2016-12-31 | 0 |
Number of terminated vested participants | 2016-12-31 | 4 |
Fundng target for terminated vested participants | 2016-12-31 | 9,327 |
Active participant vested funding target | 2016-12-31 | 2,515,362 |
Number of active participants | 2016-12-31 | 12 |
Total funding liabilities for active participants | 2016-12-31 | 2,516,486 |
Total participant count | 2016-12-31 | 16 |
Total funding target for all participants | 2016-12-31 | 2,525,813 |
Balance at beginning of prior year after applicable adjustments | 2016-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2016-12-31 | 156,149 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2016-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2016-12-31 | 0 |
Amount remaining of carryover balance | 2016-12-31 | 0 |
Amount remaining of prefunding balance | 2016-12-31 | 156,149 |
Present value of excess contributions | 2016-12-31 | 8,859 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2016-12-31 | 8,859 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2016-12-31 | 8,859 |
Reductions in caryover balances due to elections or deemed elections | 2016-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2016-12-31 | 0 |
Balance of carryovers at beginning of current year | 2016-12-31 | 0 |
Balance of prefunding at beginning of current year | 2016-12-31 | 168,256 |
Total employer contributions | 2016-12-31 | 463,033 |
Total employee contributions | 2016-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2016-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2016-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2016-12-31 | 434,765 |
Liquidity shortfalls end of Q1 | 2016-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2016-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2016-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2016-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2016-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2016-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2016-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2016-12-31 | 238,784 |
Net shortfall amortization installment of oustanding balance | 2016-12-31 | 18,470 |
Waiver amortization installment | 2016-12-31 | 0 |
Waived amount of outstanding balance | 2016-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2016-12-31 | 242,805 |
Carryover balance elected to use to offset funding requirement | 2016-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2016-12-31 | 0 |
Additional cash requirement | 2016-12-31 | 242,805 |
Contributions allocatedtoward minimum required contributions for current year | 2016-12-31 | 434,765 |
Unpaid minimum required contributions for current year | 2016-12-31 | 0 |
Unpaid minimum required contributions for all years | 2016-12-31 | 0 |
2007: MALTA DEVELOPMENT CO., INC. DEFINED BENEFIT PLAN 2007 401k membership | ||
Total participants, beginning-of-year | 2007-01-01 | 14 |
Total number of active participants reported on line 7a of the Form 5500 | 2007-01-01 | 11 |
Number of retired or separated participants receiving benefits | 2007-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2007-01-01 | 3 |
Total of all active and inactive participants | 2007-01-01 | 14 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2007-01-01 | 0 |
Total participants | 2007-01-01 | 14 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2007-01-01 | 1 |
Measure | Date | Value |
---|---|---|
2007 : MALTA DEVELOPMENT CO., INC. DEFINED BENEFIT PLAN 2007 401k financial data | ||
Total income from all sources | 2007-12-31 | $199,406 |
Expenses. Total of all expenses incurred | 2007-12-31 | $0 |
Benefits paid (including direct rollovers) | 2007-12-31 | $0 |
Total plan assets at end of year | 2007-12-31 | $587,160 |
Total plan assets at beginning of year | 2007-12-31 | $387,754 |
Total contributions received or receivable from participants | 2007-12-31 | $0 |
Expenses. Other expenses not covered elsewhere | 2007-12-31 | $0 |
Contributions received from other sources (not participants or employers) | 2007-12-31 | $0 |
Other income received | 2007-12-31 | $11,527 |
Noncash contributions received | 2007-12-31 | $0 |
Net income (gross income less expenses) | 2007-12-31 | $199,406 |
Net plan assets at end of year (total assets less liabilities) | 2007-12-31 | $587,160 |
Net plan assets at beginning of year (total assets less liabilities) | 2007-12-31 | $387,754 |
Total contributions received or receivable from employer(s) | 2007-12-31 | $187,879 |
Value of certain deemed distributions of participant loans | 2007-12-31 | $0 |
Value of corrective distributions | 2007-12-31 | $0 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2007-12-31 | $0 |
2007: MALTA DEVELOPMENT CO., INC. DEFINED BENEFIT PLAN 2007 form 5500 responses | ||
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2007-01-01 | Type of plan entity | Single employer plan |
2007-01-01 | Submission has been amended | No |
2007-01-01 | This submission is the final filing | No |
2007-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2007-01-01 | Plan is a collectively bargained plan | No |
2007-01-01 | Plan funding arrangement – Insurance | Yes |
2007-01-01 | Plan funding arrangement – Trust | Yes |
2007-01-01 | Plan benefit arrangement - Trust | Yes |
NATIONWIDE LIFE INSURANCE CO. OF AMERICA (National Association of Insurance Commissioners NAIC id number: 25453 ) | |||||||||||||||||||||||
Policy contract number | GR006232-201001 | ||||||||||||||||||||||
Policy instance | 1 | ||||||||||||||||||||||
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