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K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA 401k Plan overview

Plan NameK&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA
Plan identification number 007

K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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 covering Self-Employed individuals.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

K&L GATES LLP has sponsored the creation of one or more 401k plans.

Company Name:K&L GATES LLP
Employer identification number (EIN):250921018
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0072016-01-01J. RICHARD LAUVER CHARLES R. SMITH2017-10-10
0072015-01-01J. RICHARD LAUVER CHARLES R. SMITH2016-10-13
0072014-01-01J. RICHARD LAUVER CHARLES R. SMITH2015-10-12

Plan Statistics for K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA

401k plan membership statisitcs for K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA

Measure Date Value
2016: K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA 2016 401k membership
Market value of plan assets2016-12-3111,116,593
Acturial value of plan assets2016-12-3111,116,593
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-3141
Fundng target for terminated vested participants2016-12-31362,595
Active participant vested funding target2016-12-319,246,445
Number of active participants2016-12-31350
Total funding liabilities for active participants2016-12-319,246,445
Total participant count2016-12-31391
Total funding target for all participants2016-12-319,609,040
Balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-311,164,819
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-311,234,708
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 year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-315,106,034
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 date2016-12-314,642,773
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 cost2016-12-314,898,036
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-313,390,483
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-313,390,483
Contributions allocatedtoward minimum required contributions for current year2016-12-314,642,773
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-01391
Total number of active participants reported on line 7a of the Form 55002016-01-01323
Number of retired or separated participants receiving benefits2016-01-011
Number of other retired or separated participants entitled to future benefits2016-01-0142
Total of all active and inactive participants2016-01-01366
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01366
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA 2015 401k membership
Total participants, beginning-of-year2015-01-01375
Total number of active participants reported on line 7a of the Form 55002015-01-01322
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0141
Total of all active and inactive participants2015-01-01363
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01363
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA 2014 401k membership
Total participants, beginning-of-year2014-01-01368
Total number of active participants reported on line 7a of the Form 55002014-01-01368
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-01368
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01368
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA

Measure Date Value
2016 : K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$7,968
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$9,845
Total income from all sources (including contributions)2016-12-31$5,324,525
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$2,083,309
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$1,946,448
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$5,106,034
Value of total assets at end of year2016-12-31$14,579,064
Value of total assets at beginning of year2016-12-31$11,339,725
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$136,861
Total interest from all sources2016-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$176,242
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$176,242
Administrative expenses professional fees incurred2016-12-31$90,948
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$35,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Administrative expenses (other) incurred2016-12-31$23,232
Liabilities. Value of operating payables at end of year2016-12-31$7,968
Liabilities. Value of operating payables at beginning of year2016-12-31$9,845
Total non interest bearing cash at end of year2016-12-31$12,238
Total non interest bearing cash at beginning of year2016-12-31$13,631
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$3,241,216
Value of net assets at end of year (total assets less liabilities)2016-12-31$14,571,096
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$11,329,880
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$9,460,792
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$5,759,758
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$42,249
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$5,106,034
Employer contributions (assets) at end of year2016-12-31$5,106,034
Employer contributions (assets) at beginning of year2016-12-31$5,566,336
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$1,946,448
Contract administrator fees2016-12-31$22,681
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31SCHNEIDER DOWNS & CO., INC.
Accountancy firm EIN2016-12-31251408703
2015 : K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$9,845
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$17,815
Total income from all sources (including contributions)2015-12-31$5,565,645
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$368,348
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$252,210
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$5,566,336
Value of total assets at end of year2015-12-31$11,339,725
Value of total assets at beginning of year2015-12-31$6,150,398
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$116,138
Total interest from all sources2015-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$69,196
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$69,196
Administrative expenses professional fees incurred2015-12-31$78,599
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$35,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Administrative expenses (other) incurred2015-12-31$23,476
Liabilities. Value of operating payables at end of year2015-12-31$9,845
Liabilities. Value of operating payables at beginning of year2015-12-31$17,815
Total non interest bearing cash at end of year2015-12-31$13,631
Total non interest bearing cash at beginning of year2015-12-31$72,900
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$5,197,297
Value of net assets at end of year (total assets less liabilities)2015-12-31$11,329,880
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$6,132,583
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$5,759,758
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-69,887
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$5,566,336
Employer contributions (assets) at end of year2015-12-31$5,566,336
Employer contributions (assets) at beginning of year2015-12-31$6,077,498
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$252,210
Contract administrator fees2015-12-31$14,063
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31SCHNEIDER DOWNS & CO., INC.
Accountancy firm EIN2015-12-31251408703
2014 : K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets to this plan2014-12-31$71,900
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$17,815
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$6,078,498
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$17,815
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$6,078,498
Value of total assets at end of year2014-12-31$6,150,398
Value of total assets at beginning of year2014-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$17,815
Total interest from all sources2014-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Administrative expenses professional fees incurred2014-12-31$17,815
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$35,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Liabilities. Value of operating payables at end of year2014-12-31$17,815
Liabilities. Value of operating payables at beginning of year2014-12-31$0
Total non interest bearing cash at end of year2014-12-31$72,900
Total non interest bearing cash at beginning of year2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$6,060,683
Value of net assets at end of year (total assets less liabilities)2014-12-31$6,132,583
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$6,078,498
Employer contributions (assets) at end of year2014-12-31$6,077,498
Employer contributions (assets) at beginning of year2014-12-31$0
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31SCHNEIDER DOWNS & CO., INC.
Accountancy firm EIN2014-12-31251408703

Form 5500 Responses for K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA

2016: K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: K&L GATES PARTNER CASH BALANCE PENSION PLAN ALPHA 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01First time form 5500 has been submittedYes
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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