401k Plan data: TFORCE FREIGHT PENSION PLAN plan

TFORCE FREIGHT PENSION PLAN 401k Plan overview

Plan Name	TFORCE FREIGHT PENSION PLAN
Plan identification number	003

TFORCE FREIGHT PENSION 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) Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

TFORCE HOLDINGS USA, INC. has sponsored the creation of one or more 401k plans.

Company Name: TFORCE HOLDINGS USA, INC.

Employer identification number (EIN): 331221977

NAIC Classification: 492210
NAIC Description: Local Messengers and Local Delivery

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TFORCE FREIGHT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2022-01-01
003 2021-05-01
003 2021-05-01

Plan Statistics for TFORCE FREIGHT PENSION PLAN

401k plan membership statisitcs for TFORCE FREIGHT PENSION PLAN

Measure Date Value
2022: TFORCE FREIGHT PENSION PLAN 2022 401k membership
Market value of plan assets 2022-12-31 75,780,040
Acturial value of plan assets 2022-12-31 75,775,785
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 74,031
Number of terminated vested participants 2022-12-31 422
Fundng target for terminated vested participants 2022-12-31 1,288,966
Active participant vested funding target 2022-12-31 32,397,161
Number of active participants 2022-12-31 8,757
Total funding liabilities for active participants 2022-12-31 36,216,583
Total participant count 2022-12-31 9,190
Total funding target for all participants 2022-12-31 37,579,580
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 36,313,535
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 38,437,877
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 103,000,000
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 99,751,304
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 68,894,097
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 30,697,892
Additional cash requirement 2022-12-31 30,697,892
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 99,751,304
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
Total participants, beginning-of-year 2022-01-01 9,190
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 8,095
Number of retired or separated participants receiving benefits 2022-01-01 266
Number of other retired or separated participants entitled to future benefits 2022-01-01 861
Total of all active and inactive participants 2022-01-01 9,222
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 13
Total participants 2022-01-01 9,235
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 239
2021: TFORCE FREIGHT PENSION PLAN 2021 401k membership
Market value of plan assets 2021-12-31 0
Acturial value of plan assets 2021-12-31 0
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 0
Number of terminated vested participants 2021-12-31 0
Fundng target for terminated vested participants 2021-12-31 0
Active participant vested funding target 2021-12-31 0
Number of active participants 2021-12-31 9,399
Total funding liabilities for active participants 2021-12-31 0
Total participant count 2021-12-31 9,399
Total funding target for all participants 2021-12-31 0
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 2021-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 75,000,000
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 73,170,345
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 35,501,861
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 35,501,861
Additional cash requirement 2021-12-31 35,501,861
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 73,170,345
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
Total participants, beginning-of-year 2021-05-01 9,399
Total number of active participants reported on line 7a of the Form 5500 2021-05-01 8,757
Number of retired or separated participants receiving benefits 2021-05-01 11
Number of other retired or separated participants entitled to future benefits 2021-05-01 410
Total of all active and inactive participants 2021-05-01 9,178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-05-01 12
Total participants 2021-05-01 9,190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-05-01 344

Measure	Date	Value
2022: TFORCE FREIGHT PENSION PLAN 2022 401k membership
Market value of plan assets	2022-12-31	75,780,040
Acturial value of plan assets	2022-12-31	75,775,785
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	74,031
Number of terminated vested participants	2022-12-31	422
Fundng target for terminated vested participants	2022-12-31	1,288,966
Active participant vested funding target	2022-12-31	32,397,161
Number of active participants	2022-12-31	8,757
Total funding liabilities for active participants	2022-12-31	36,216,583
Total participant count	2022-12-31	9,190
Total funding target for all participants	2022-12-31	37,579,580
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	36,313,535
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	38,437,877
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	103,000,000
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	99,751,304
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	68,894,097
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	30,697,892
Additional cash requirement	2022-12-31	30,697,892
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	99,751,304
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
Total participants, beginning-of-year	2022-01-01	9,190
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	8,095
Number of retired or separated participants receiving benefits	2022-01-01	266
Number of other retired or separated participants entitled to future benefits	2022-01-01	861
Total of all active and inactive participants	2022-01-01	9,222
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	13
Total participants	2022-01-01	9,235
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	239
2021: TFORCE FREIGHT PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	0
Acturial value of plan assets	2021-12-31	0
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	0
Fundng target for terminated vested participants	2021-12-31	0
Active participant vested funding target	2021-12-31	0
Number of active participants	2021-12-31	9,399
Total funding liabilities for active participants	2021-12-31	0
Total participant count	2021-12-31	9,399
Total funding target for all participants	2021-12-31	0
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	75,000,000
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	73,170,345
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	35,501,861
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	35,501,861
Additional cash requirement	2021-12-31	35,501,861
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	73,170,345
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
Total participants, beginning-of-year	2021-05-01	9,399
Total number of active participants reported on line 7a of the Form 5500	2021-05-01	8,757
Number of retired or separated participants receiving benefits	2021-05-01	11
Number of other retired or separated participants entitled to future benefits	2021-05-01	410
Total of all active and inactive participants	2021-05-01	9,178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-05-01	12
Total participants	2021-05-01	9,190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-05-01	344

Financial Data on TFORCE FREIGHT PENSION PLAN

Measure	Date	Value
2022 : TFORCE FREIGHT PENSION PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$81,947,587
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$2,165,764
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$535,668
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$103,000,000
Value of total assets at end of year	2022-12-31	$155,561,863
Value of total assets at beginning of year	2022-12-31	$75,780,040
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$1,630,096
Total interest from all sources	2022-12-31	$22,095
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Administrative expenses professional fees incurred	2022-12-31	$95,000
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$17,744
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$0
Administrative expenses (other) incurred	2022-12-31	$1,535,096
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$79,781,823
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$155,561,863
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$75,780,040
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in common/collective trusts at end of year	2022-12-31	$155,344,119
Value of interest in common/collective trusts at beginning of year	2022-12-31	$75,680,040
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$200,000
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$100,000
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$100,000
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$22,095
Net investment gain or loss from common/collective trusts	2022-12-31	$-21,074,508
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$103,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$535,668
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	CLIFTONLARSONALLEN LLP
Accountancy firm EIN	2022-12-31	410746749
2021 : TFORCE FREIGHT PENSION PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$75,790,523
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$10,483
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$10,483
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$75,000,000
Value of total assets at end of year	2021-12-31	$75,780,040
Value of total assets at beginning of year	2021-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$0
Total interest from all sources	2021-12-31	$15
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2021-12-31	$1
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2021-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$75,780,040
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$75,780,040
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in common/collective trusts at end of year	2021-12-31	$75,680,039
Value of interest in common/collective trusts at beginning of year	2021-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$100,000
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$15
Net investment gain or loss from common/collective trusts	2021-12-31	$790,508
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$75,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$10,483
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	CLIFTONLARSONALLEN LLP
Accountancy firm EIN	2021-12-31	410746749

Form 5500 Responses for TFORCE FREIGHT PENSION PLAN

2022: TFORCE FREIGHT PENSION PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: TFORCE FREIGHT PENSION PLAN 2021 form 5500 responses
2021-05-01	Type of plan entity	Single employer plan
2021-05-01	First time form 5500 has been submitted	Yes
2021-05-01	Submission has been amended	No
2021-05-01	This submission is the final filing	No
2021-05-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2021-05-01	Plan is a collectively bargained plan	No
2021-05-01	Plan funding arrangement – Trust	Yes
2021-05-01	Plan benefit arrangement - Trust	Yes

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Company Name:	TFORCE HOLDINGS USA, INC.
Employer identification number (EIN):	331221977
NAIC Classification:	492210
NAIC Description:	Local Messengers and Local Delivery