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G&K SERVICES PENSION PLAN 401k Plan overview

Plan NameG&K SERVICES PENSION PLAN
Plan identification number 005

G&K SERVICES PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related

401k Sponsoring company profile

CINTAS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:CINTAS CORPORATION
Employer identification number (EIN):311188630
NAIC Classification:812330
NAIC Description: Linen and Uniform Supply

Form 5500 Filing Information

Submission information for form 5500 for 401k plan G&K SERVICES PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052017-01-01

Plan Statistics for G&K SERVICES PENSION PLAN

401k plan membership statisitcs for G&K SERVICES PENSION PLAN

Measure Date Value
2017: G&K SERVICES PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-3156,660,231
Acturial value of plan assets2017-12-3156,844,860
Funding target for retired participants and beneficiaries receiving payment2017-12-3127,793,521
Number of terminated vested participants2017-12-31879
Fundng target for terminated vested participants2017-12-3116,047,098
Active participant vested funding target2017-12-3117,910,913
Number of active participants2017-12-311,450
Total funding liabilities for active participants2017-12-3118,350,276
Total participant count2017-12-313,368
Total funding target for all participants2017-12-3162,190,895
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31984,984
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 balance2017-12-310
Amount remaining of prefunding balance2017-12-31984,984
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-311,107,024
Total employer contributions2017-12-312,495,000
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 date2017-12-312,259,881
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 cost2017-12-311,200,000
Net shortfall amortization installment of oustanding balance2017-12-316,343,059
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-312,259,668
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-312,259,668
Contributions allocatedtoward minimum required contributions for current year2017-12-312,259,881
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-013,354
Total number of active participants reported on line 7a of the Form 55002017-01-011,245
Number of retired or separated participants receiving benefits2017-01-01985
Number of other retired or separated participants entitled to future benefits2017-01-01992
Total of all active and inactive participants2017-01-013,222
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-01106
Total participants2017-01-013,328
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010

Financial Data on G&K SERVICES PENSION PLAN

Measure Date Value
2017 : G&K SERVICES PENSION PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$6,633
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$11,617,693
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$4,040,735
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$2,854,673
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$2,495,000
Value of total assets at end of year2017-12-31$64,243,822
Value of total assets at beginning of year2017-12-31$56,660,231
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$1,186,062
Total interest from all sources2017-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Administrative expenses professional fees incurred2017-12-31$108,644
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$6,633
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$0
Administrative expenses (other) incurred2017-12-31$993,267
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$7,576,958
Value of net assets at end of year (total assets less liabilities)2017-12-31$64,237,189
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$56,660,231
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$84,151
Value of interest in master investment trust accounts at end of year2017-12-31$61,748,822
Value of interest in master investment trust accounts at beginning of year2017-12-31$56,621,029
Value of interest in common/collective trusts at end of year2017-12-31$0
Value of interest in common/collective trusts at beginning of year2017-12-31$39,202
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,935,087
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31Yes
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$2,495,000
Employer contributions (assets) at end of year2017-12-31$2,495,000
Employer contributions (assets) at beginning of year2017-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$2,854,673
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31RSM US LLP
Accountancy firm EIN2017-12-31420714325

Form 5500 Responses for G&K SERVICES PENSION PLAN

2017: G&K SERVICES PENSION PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

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