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GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameGREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC. CASH BALANCE PLAN
Plan identification number 001

GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC. CASH BALANCE 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).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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).
  • 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.

401k Sponsoring company profile

GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC. has sponsored the creation of one or more 401k plans.

Company Name:GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC.
Employer identification number (EIN):237368352
NAIC Classification:812990
NAIC Description:All Other Personal Services

Additional information about GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1974-02-22
Company Identification Number: 337423
Legal Registered Office Address: ATTN: PRESIDENT
ONE SANFORD COURT
NORTH WOODMERE
United States of America (USA)
11581

More information about GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01LAURA PETITTI2023-10-09
0012021-01-01LAURA PETITTI2022-10-13
0012020-01-01LAURA PETITTI2021-10-12
0012019-01-01LAURA PETITTI2020-10-15
0012018-01-01LAURA PETITTI2019-10-15
0012017-01-01LAURA PETITTI2018-10-09
0012016-01-01LAURA PETITTI2017-10-16
0012015-01-01LAURA PETITTI2016-10-14
0012014-01-01LAURA PETITTI2015-10-15
0012013-01-01LAURA PETITTI2014-10-14
0012012-01-01LAURA PETITTI2013-10-14
0012011-01-01LAURA PETITTI2012-10-03
0012010-01-01EDWARD VELDORANO2011-10-12

Plan Statistics for GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC. CASH BALANCE PLAN

401k plan membership statisitcs for GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC. CASH BALANCE PLAN

Measure Date Value
2022: GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-318,068,012
Acturial value of plan assets2022-12-318,068,012
Funding target for retired participants and beneficiaries receiving payment2022-12-311,978
Number of terminated vested participants2022-12-314
Fundng target for terminated vested participants2022-12-31100,279
Active participant vested funding target2022-12-316,484,851
Number of active participants2022-12-3125
Total funding liabilities for active participants2022-12-316,484,851
Total participant count2022-12-3130
Total funding target for all participants2022-12-316,587,108
Balance at beginning of prior year after applicable adjustments2022-12-31437,911
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-31437,911
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-31583,759
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31617,033
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-31483,935
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-311,075,919
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-311,016,462
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31300,150
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-311,016,462
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-316,755,390
Acturial value of plan assets2021-12-316,755,390
Funding target for retired participants and beneficiaries receiving payment2021-12-312,113
Number of terminated vested participants2021-12-315
Fundng target for terminated vested participants2021-12-31105,622
Active participant vested funding target2021-12-315,587,497
Number of active participants2021-12-3123
Total funding liabilities for active participants2021-12-315,595,170
Total participant count2021-12-3129
Total funding target for all participants2021-12-315,702,905
Balance at beginning of prior year after applicable adjustments2021-12-31369,514
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-31369,514
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-3122,446
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3123,629
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-31437,911
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-31639,608
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31583,759
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31367,129
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31583,759
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-315,549,060
Acturial value of plan assets2020-12-315,549,060
Funding target for retired participants and beneficiaries receiving payment2020-12-312,301
Number of terminated vested participants2020-12-314
Fundng target for terminated vested participants2020-12-3190,749
Active participant vested funding target2020-12-314,928,228
Number of active participants2020-12-3123
Total funding liabilities for active participants2020-12-314,929,761
Total participant count2020-12-3128
Total funding target for all participants2020-12-315,022,811
Balance at beginning of prior year after applicable adjustments2020-12-31316,609
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-31316,609
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-31222,556
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31234,708
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-31369,514
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-31222,564
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31207,667
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31341,956
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31185,221
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31185,221
Contributions allocatedtoward minimum required contributions for current year2020-12-31207,667
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-314,163,316
Acturial value of plan assets2019-12-314,163,316
Funding target for retired participants and beneficiaries receiving payment2019-12-312,422
Number of terminated vested participants2019-12-313
Fundng target for terminated vested participants2019-12-3176,567
Active participant vested funding target2019-12-314,234,006
Number of active participants2019-12-3123
Total funding liabilities for active participants2019-12-314,236,317
Total participant count2019-12-3127
Total funding target for all participants2019-12-314,315,306
Balance at beginning of prior year after applicable adjustments2019-12-31331,285
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
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 balance2019-12-31331,285
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-3158,171
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3161,382
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 elections2019-12-310
Balance of carryovers at beginning of current year2019-12-31316,609
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31693,720
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 date2019-12-31645,781
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 cost2019-12-31347,083
Net shortfall amortization installment of oustanding balance2019-12-31468,599
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31423,225
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31423,225
Contributions allocatedtoward minimum required contributions for current year2019-12-31645,781
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-314,085,715
Acturial value of plan assets2018-12-314,085,715
Funding target for retired participants and beneficiaries receiving payment2018-12-312,562
Number of terminated vested participants2018-12-313
Fundng target for terminated vested participants2018-12-3173,153
Active participant vested funding target2018-12-313,509,771
Number of active participants2018-12-3122
Total funding liabilities for active participants2018-12-313,510,229
Total participant count2018-12-3126
Total funding target for all participants2018-12-313,585,944
Balance at beginning of prior year after applicable adjustments2018-12-31288,928
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
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 balance2018-12-31288,928
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3137,670
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3139,855
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
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 year2018-12-31331,285
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31261,376
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 date2018-12-31249,077
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 cost2018-12-31359,392
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31190,906
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31190,906
Contributions allocatedtoward minimum required contributions for current year2018-12-31249,077
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-313,167,340
Acturial value of plan assets2017-12-313,167,340
Funding target for retired participants and beneficiaries receiving payment2017-12-314,838
Number of terminated vested participants2017-12-313
Fundng target for terminated vested participants2017-12-3169,638
Active participant vested funding target2017-12-312,899,691
Number of active participants2017-12-3119
Total funding liabilities for active participants2017-12-312,899,961
Total participant count2017-12-3123
Total funding target for all participants2017-12-312,974,437
Balance at beginning of prior year after applicable adjustments2017-12-31270,709
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
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 balance2017-12-31270,709
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31110,962
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31117,498
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
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 year2017-12-31288,928
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31475,000
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 date2017-12-31444,510
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 cost2017-12-31406,840
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31406,840
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31406,840
Contributions allocatedtoward minimum required contributions for current year2017-12-31444,510
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: GREATER METROPOLITAN COMMUNITY BLOOD SERVICE, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-312,517,043
Acturial value of plan assets2016-12-312,517,043
Funding target for retired participants and beneficiaries receiving payment2016-12-312,524
Number of terminated vested participants2016-12-313
Fundng target for terminated vested participants2016-12-3146,154
Active participant vested funding target2016-12-312,313,338
Number of active participants2016-12-3118
Total funding liabilities for active participants2016-12-312,313,338
Total participant count2016-12-3122
Total funding target for all participants2016-12-312,362,016
Balance at beginning of prior year after applicable adjustments2016-12-31275,924
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-31275,924
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-3177,012
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3181,633
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
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 year2016-12-31270,709
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31489,303
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 date2016-12-31453,823
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 cost2016-12-31342,861
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 balances2016-12-31342,861
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31342,861
Contributions allocatedtoward minimum required contributions for current year2016-12-31453,823
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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