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CHINESE-AMERICAN PROFESSIONAL INSURANCE AGENCY INC DB PLAN 401k Plan overview

Plan NameCHINESE-AMERICAN PROFESSIONAL INSURANCE AGENCY INC DB PLAN
Plan identification number 001

CHINESE-AMERICAN PROFESSIONAL INSURANCE AGENCY INC DB PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Multiple company records found for EIN

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CHINESE-AMERICAN PROFESSIONAL INSURANCE AGENCY INC DB PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-10-01HAI TAN TU2023-11-14
0012021-10-01HAI TAN TU2022-12-07
0012020-10-01HAI TAN TU2021-11-08
0012019-10-01HAI TAN TU2021-01-12
0012019-10-01HAI TAN TU2021-01-12
0012018-10-01HAI TAN TU2020-02-10

Plan Statistics for CHINESE-AMERICAN PROFESSIONAL INSURANCE AGENCY INC DB PLAN

401k plan membership statisitcs for CHINESE-AMERICAN PROFESSIONAL INSURANCE AGENCY INC DB PLAN

Measure Date Value
2023: CHINESE-AMERICAN PROFESSIONAL INSURANCE AGENCY INC DB PLAN 2023 401k membership
Market value of plan assets2023-09-30945,881
Acturial value of plan assets2023-09-30945,881
Funding target for retired participants and beneficiaries receiving payment2023-09-300
Number of terminated vested participants2023-09-300
Fundng target for terminated vested participants2023-09-300
Active participant vested funding target2023-09-30886,797
Number of active participants2023-09-301
Total funding liabilities for active participants2023-09-30886,797
Total participant count2023-09-301
Total funding target for all participants2023-09-30886,797
Balance at beginning of prior year after applicable adjustments2023-09-300
Prefunding balance at beginning of prior year after applicable adjustments2023-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2023-09-300
Prefunding balanced used to offset prior years funding requirement2023-09-300
Amount remaining of carryover balance2023-09-300
Amount remaining of prefunding balance2023-09-300
Present value of excess contributions2023-09-3082,499
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-09-3082,499
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-09-300
Reductions in caryover balances due to elections or deemed elections2023-09-300
Reductions in prefunding balances due to elections or deemed elections2023-09-300
Balance of carryovers at beginning of current year2023-09-300
Balance of prefunding at beginning of current year2023-09-300
Total employer contributions2023-09-30250,000
Total employee contributions2023-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2023-09-300
Contributions made to avoid restrictions adjusted to valuation date2023-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-09-30254,099
Unpaid minimum required contributions for all prior years2023-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-09-300
Remaining amount of unpaid minimum required contributions2023-09-300
Minimum required contributions for current year target normal cost2023-09-30221,699
Net shortfall amortization installment of oustanding balance2023-09-300
Waiver amortization installment2023-09-300
Total funding amount beforereflecting carryover/prefunding balances2023-09-30162,615
Carryover balance elected to use to offset funding requirement2023-09-300
Prefunding balance elected to use to offset funding requirement2023-09-300
Additional cash requirement2023-09-30162,615
Contributions allocatedtoward minimum required contributions for current year2023-09-30254,099
Unpaid minimum required contributions for current year2023-09-300
Unpaid minimum required contributions for all years2023-09-300
2022: CHINESE-AMERICAN PROFESSIONAL INSURANCE AGENCY INC DB PLAN 2022 401k membership
Market value of plan assets2022-09-30693,735
Acturial value of plan assets2022-09-30693,735
Funding target for retired participants and beneficiaries receiving payment2022-09-300
Number of terminated vested participants2022-09-300
Fundng target for terminated vested participants2022-09-300
Active participant vested funding target2022-09-30650,612
Number of active participants2022-09-301
Total funding liabilities for active participants2022-09-30650,612
Total participant count2022-09-301
Total funding target for all participants2022-09-30650,612
Balance at beginning of prior year after applicable adjustments2022-09-300
Prefunding balance at beginning of prior year after applicable adjustments2022-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2022-09-300
Prefunding balanced used to offset prior years funding requirement2022-09-300
Amount remaining of carryover balance2022-09-300
Amount remaining of prefunding balance2022-09-300
Present value of excess contributions2022-09-3078,574
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-09-3078,574
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-09-300
Reductions in caryover balances due to elections or deemed elections2022-09-300
Reductions in prefunding balances due to elections or deemed elections2022-09-300
Balance of carryovers at beginning of current year2022-09-300
Balance of prefunding at beginning of current year2022-09-300
Total employer contributions2022-09-30250,000
Total employee contributions2022-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2022-09-300
Contributions made to avoid restrictions adjusted to valuation date2022-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-09-30256,247
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-09-300
Remaining amount of unpaid minimum required contributions2022-09-300
Minimum required contributions for current year target normal cost2022-09-30216,871
Net shortfall amortization installment of oustanding balance2022-09-300
Waiver amortization installment2022-09-300
Total funding amount beforereflecting carryover/prefunding balances2022-09-30173,748
Carryover balance elected to use to offset funding requirement2022-09-300
Prefunding balance elected to use to offset funding requirement2022-09-300
Additional cash requirement2022-09-30173,748
Contributions allocatedtoward minimum required contributions for current year2022-09-30256,247
Unpaid minimum required contributions for current year2022-09-300
Unpaid minimum required contributions for all years2022-09-300
2021: CHINESE-AMERICAN PROFESSIONAL INSURANCE AGENCY INC DB PLAN 2021 401k membership
Market value of plan assets2021-09-30450,020
Acturial value of plan assets2021-09-30450,020
Funding target for retired participants and beneficiaries receiving payment2021-09-300
Number of terminated vested participants2021-09-300
Fundng target for terminated vested participants2021-09-300
Active participant vested funding target2021-09-30414,284
Number of active participants2021-09-301
Total funding liabilities for active participants2021-09-30414,284
Total participant count2021-09-301
Total funding target for all participants2021-09-30414,284
Balance at beginning of prior year after applicable adjustments2021-09-300
Prefunding balance at beginning of prior year after applicable adjustments2021-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2021-09-300
Prefunding balanced used to offset prior years funding requirement2021-09-300
Amount remaining of carryover balance2021-09-300
Amount remaining of prefunding balance2021-09-300
Present value of excess contributions2021-09-3054,059
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-09-3054,059
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-09-300
Reductions in caryover balances due to elections or deemed elections2021-09-300
Reductions in prefunding balances due to elections or deemed elections2021-09-300
Balance of carryovers at beginning of current year2021-09-300
Balance of prefunding at beginning of current year2021-09-300
Total employer contributions2021-09-30250,000
Total employee contributions2021-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-09-300
Contributions made to avoid restrictions adjusted to valuation date2021-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-09-30249,980
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-09-300
Remaining amount of unpaid minimum required contributions2021-09-300
Minimum required contributions for current year target normal cost2021-09-30207,142
Net shortfall amortization installment of oustanding balance2021-09-300
Waiver amortization installment2021-09-300
Total funding amount beforereflecting carryover/prefunding balances2021-09-30171,406
Carryover balance elected to use to offset funding requirement2021-09-300
Prefunding balance elected to use to offset funding requirement2021-09-300
Additional cash requirement2021-09-30171,406
Contributions allocatedtoward minimum required contributions for current year2021-09-30249,980
Unpaid minimum required contributions for current year2021-09-300
Unpaid minimum required contributions for all years2021-09-300
2020: CHINESE-AMERICAN PROFESSIONAL INSURANCE AGENCY INC DB PLAN 2020 401k membership
Market value of plan assets2020-09-30195,921
Acturial value of plan assets2020-09-30195,921
Funding target for retired participants and beneficiaries receiving payment2020-09-300
Number of terminated vested participants2020-09-300
Fundng target for terminated vested participants2020-09-300
Active participant vested funding target2020-09-30199,447
Number of active participants2020-09-301
Total funding liabilities for active participants2020-09-30199,447
Total participant count2020-09-301
Total funding target for all participants2020-09-30199,447
Balance at beginning of prior year after applicable adjustments2020-09-300
Prefunding balance at beginning of prior year after applicable adjustments2020-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2020-09-300
Prefunding balanced used to offset prior years funding requirement2020-09-300
Amount remaining of carryover balance2020-09-300
Amount remaining of prefunding balance2020-09-300
Present value of excess contributions2020-09-309,004
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-09-309,004
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-09-300
Reductions in caryover balances due to elections or deemed elections2020-09-300
Reductions in prefunding balances due to elections or deemed elections2020-09-300
Balance of carryovers at beginning of current year2020-09-300
Balance of prefunding at beginning of current year2020-09-300
Total employer contributions2020-09-30250,000
Total employee contributions2020-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-09-300
Contributions made to avoid restrictions adjusted to valuation date2020-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-09-30254,079
Unpaid minimum required contributions for all prior years2020-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-09-300
Remaining amount of unpaid minimum required contributions2020-09-300
Minimum required contributions for current year target normal cost2020-09-30199,447
Net shortfall amortization installment of oustanding balance2020-09-303,526
Waiver amortization installment2020-09-300
Total funding amount beforereflecting carryover/prefunding balances2020-09-30200,020
Carryover balance elected to use to offset funding requirement2020-09-300
Prefunding balance elected to use to offset funding requirement2020-09-300
Additional cash requirement2020-09-30200,020
Contributions allocatedtoward minimum required contributions for current year2020-09-30254,079
Unpaid minimum required contributions for current year2020-09-300
Unpaid minimum required contributions for all years2020-09-300
2019: CHINESE-AMERICAN PROFESSIONAL INSURANCE AGENCY INC DB PLAN 2019 401k membership
Market value of plan assets2019-09-300
Acturial value of plan assets2019-09-300
Funding target for retired participants and beneficiaries receiving payment2019-09-300
Number of terminated vested participants2019-09-300
Fundng target for terminated vested participants2019-09-300
Active participant vested funding target2019-09-300
Number of active participants2019-09-300
Total funding liabilities for active participants2019-09-300
Total participant count2019-09-300
Total funding target for all participants2019-09-300
Balance at beginning of prior year after applicable adjustments2019-09-300
Prefunding balance at beginning of prior year after applicable adjustments2019-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2019-09-300
Prefunding balanced used to offset prior years funding requirement2019-09-300
Amount remaining of carryover balance2019-09-300
Amount remaining of prefunding balance2019-09-300
Present value of excess contributions2019-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-09-300
Reductions in caryover balances due to elections or deemed elections2019-09-300
Reductions in prefunding balances due to elections or deemed elections2019-09-300
Balance of carryovers at beginning of current year2019-09-300
Balance of prefunding at beginning of current year2019-09-300
Total employer contributions2019-09-30200,000
Total employee contributions2019-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-09-300
Contributions made to avoid restrictions adjusted to valuation date2019-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-09-30200,232
Unpaid minimum required contributions for all prior years2019-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-09-300
Remaining amount of unpaid minimum required contributions2019-09-300
Minimum required contributions for current year target normal cost2019-09-30191,228
Net shortfall amortization installment of oustanding balance2019-09-300
Waiver amortization installment2019-09-300
Total funding amount beforereflecting carryover/prefunding balances2019-09-30191,228
Carryover balance elected to use to offset funding requirement2019-09-300
Prefunding balance elected to use to offset funding requirement2019-09-300
Additional cash requirement2019-09-30191,228
Contributions allocatedtoward minimum required contributions for current year2019-09-30200,232
Unpaid minimum required contributions for current year2019-09-300
Unpaid minimum required contributions for all years2019-09-300

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