401k Plan data: LIGHTCAP INDUSTRIES, INC. CASH BALANCE PLAN plan

LIGHTCAP INDUSTRIES, INC. CASH BALANCE PLAN 401k Plan overview

Plan Name	LIGHTCAP INDUSTRIES, INC. CASH BALANCE PLAN
Plan identification number	001

LIGHTCAP INDUSTRIES, INC. CASH BALANCE PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Benefits are primarily flat dollar (includes dollars per year of service)
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).

401k Sponsoring company profile

LIGHTCAP INDUSTRIES, INC. DBA JC SUPPLY & MFG. has sponsored the creation of one or more 401k plans.

Company Name: LIGHTCAP INDUSTRIES, INC. DBA JC SUPPLY & MFG.

Employer identification number (EIN): 330828715

NAIC Classification: 423300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LIGHTCAP INDUSTRIES, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01 PAUL OMNESS 2015-10-11
001 2013-01-01 PAUL OMNESS 2014-10-13
001 2012-01-01 PAUL OMNESS 2013-10-09

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2017-01-01
001	2016-01-01
001	2015-01-01
001	2014-01-01	PAUL OMNESS	2015-10-11
001	2013-01-01	PAUL OMNESS	2014-10-13
001	2012-01-01	PAUL OMNESS	2013-10-09

Plan Statistics for LIGHTCAP INDUSTRIES, INC. CASH BALANCE PLAN

401k plan membership statisitcs for LIGHTCAP INDUSTRIES, INC. CASH BALANCE PLAN

Measure Date Value
2017: LIGHTCAP INDUSTRIES, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets 2017-12-31 1,223,474
Acturial value of plan assets 2017-12-31 1,223,474
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 1
Fundng target for terminated vested participants 2017-12-31 1,119
Active participant vested funding target 2017-12-31 1,231,092
Number of active participants 2017-12-31 16
Total funding liabilities for active participants 2017-12-31 1,231,092
Total participant count 2017-12-31 17
Total funding target for all participants 2017-12-31 1,232,211
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 1,059
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 1,059
Present value of excess contributions 2017-12-31 326,680
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 326,680
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 326,680
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 107,084
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 220,655
Total employer contributions 2017-12-31 0
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 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 8,845
Net shortfall amortization installment of oustanding balance 2017-12-31 351,290
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 73,504
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 73,504
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: LIGHTCAP INDUSTRIES, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets 2016-12-31 1,372,084
Acturial value of plan assets 2016-12-31 1,372,084
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 7
Fundng target for terminated vested participants 2016-12-31 33,040
Active participant vested funding target 2016-12-31 1,604,961
Number of active participants 2016-12-31 23
Total funding liabilities for active participants 2016-12-31 1,604,961
Total participant count 2016-12-31 30
Total funding target for all participants 2016-12-31 1,638,001
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 0
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 0
Present value of excess contributions 2016-12-31 997
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 1,059
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 1,059
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 1,059
Total employer contributions 2016-12-31 740,000
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 2016-12-31 722,877
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 2016-12-31 350,574
Net shortfall amortization installment of oustanding balance 2016-12-31 267,030
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 396,197
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 2016-12-31 396,197
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 722,877
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2017: LIGHTCAP INDUSTRIES, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets	2017-12-31	1,223,474
Acturial value of plan assets	2017-12-31	1,223,474
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	1
Fundng target for terminated vested participants	2017-12-31	1,119
Active participant vested funding target	2017-12-31	1,231,092
Number of active participants	2017-12-31	16
Total funding liabilities for active participants	2017-12-31	1,231,092
Total participant count	2017-12-31	17
Total funding target for all participants	2017-12-31	1,232,211
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	1,059
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	1,059
Present value of excess contributions	2017-12-31	326,680
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	326,680
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	326,680
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	107,084
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	220,655
Total employer contributions	2017-12-31	0
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	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	8,845
Net shortfall amortization installment of oustanding balance	2017-12-31	351,290
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	73,504
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	73,504
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: LIGHTCAP INDUSTRIES, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	1,372,084
Acturial value of plan assets	2016-12-31	1,372,084
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	7
Fundng target for terminated vested participants	2016-12-31	33,040
Active participant vested funding target	2016-12-31	1,604,961
Number of active participants	2016-12-31	23
Total funding liabilities for active participants	2016-12-31	1,604,961
Total participant count	2016-12-31	30
Total funding target for all participants	2016-12-31	1,638,001
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	0
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	0
Present value of excess contributions	2016-12-31	997
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	1,059
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	1,059
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	1,059
Total employer contributions	2016-12-31	740,000
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	722,877
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	350,574
Net shortfall amortization installment of oustanding balance	2016-12-31	267,030
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	396,197
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	396,197
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	722,877
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	LIGHTCAP INDUSTRIES, INC. DBA JC SUPPLY & MFG.
Employer identification number (EIN):	330828715
NAIC Classification:	423300