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PRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN 401k Plan overview

Plan NamePRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN
Plan identification number 002

PRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN 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 covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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

PRESTIGE EQUIPMENT RENTALS, LLC has sponsored the creation of one or more 401k plans.

Company Name:PRESTIGE EQUIPMENT RENTALS, LLC
Employer identification number (EIN):412272751
NAIC Classification:532400
NAIC Description: Commercial and Industrial Machinery and Equipment Rental and Leasing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01CHRIS LYKINS2024-07-29
0022022-01-01CHRIS LYKINS2023-10-11
0022021-01-01CHRIS LYKINS2022-07-21
0022020-01-01CHRIS LYKINS2021-10-15
0022019-01-01CHRIS LYKINS2020-10-15

Plan Statistics for PRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN

401k plan membership statisitcs for PRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN

Measure Date Value
2025: PRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN 2025 401k membership
Total number of particpants at beginning of year2025-09-2687
Total number of particpants at end of year2025-09-26102
2024: PRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-29102
Total number of particpants at end of year2024-07-2987
2022: PRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-31914,205
Acturial value of plan assets2022-12-31914,205
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-3114
Fundng target for terminated vested participants2022-12-31324,148
Active participant vested funding target2022-12-31378,497
Number of active participants2022-12-3153
Total funding liabilities for active participants2022-12-31378,497
Total participant count2022-12-3167
Total funding target for all participants2022-12-31702,645
Balance at beginning of prior year after applicable adjustments2022-12-310
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 balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-31231,789
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31231,789
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 year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-31650,000
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 date2022-12-31627,541
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 cost2022-12-31158,446
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 year2022-12-31627,541
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total number of particpants at beginning of year2022-07-2140
Total number of particpants at end of year2022-07-2158
2021: PRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-31812,873
Acturial value of plan assets2021-12-31812,873
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-319
Fundng target for terminated vested participants2021-12-31281,101
Active participant vested funding target2021-12-31208,258
Number of active participants2021-12-3149
Total funding liabilities for active participants2021-12-31208,258
Total participant count2021-12-3158
Total funding target for all participants2021-12-31489,359
Balance at beginning of prior year after applicable adjustments2021-12-310
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 balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-31219,323
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31219,323
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 year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-31238,000
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 date2021-12-31231,789
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 cost2021-12-31121,289
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 year2021-12-31231,789
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: PRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-31519,421
Acturial value of plan assets2020-12-31519,421
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-316
Fundng target for terminated vested participants2020-12-31262,534
Active participant vested funding target2020-12-3187,880
Number of active participants2020-12-3140
Total funding liabilities for active participants2020-12-3187,880
Total participant count2020-12-3146
Total funding target for all participants2020-12-31350,414
Balance at beginning of prior year after applicable adjustments2020-12-310
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 balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-31113,176
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31113,176
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 year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-31228,281
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 date2020-12-31219,323
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 cost2020-12-31107,554
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31219,323
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: PRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-310
Acturial value of plan assets2019-12-310
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-310
Number of active participants2019-12-3135
Total funding liabilities for active participants2019-12-310
Total participant count2019-12-3135
Total funding target for all participants2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Total available prior years excess cotributions available 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 year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31474,884
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 date2019-12-31457,798
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 cost2019-12-31344,622
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31344,622
Additional cash requirement2019-12-31344,622
Contributions allocatedtoward minimum required contributions for current year2019-12-31457,798
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310

Financial Data on PRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN

Measure Date Value
2025 : PRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-09-260
Total expenses incurred by plan in this plan year2025-09-26328948
Net assets as of the end of the plan year2025-09-261832400
Total assets as of the beginning of the plan year2025-09-261744911
Value of plan covered by a fidelity bond2025-09-26300000
Other income to plan in this plan year2025-09-26166437
Plan net income in this plan year2025-09-2687489
Net assets as of the end of the plan year2025-09-261832400
Net assets as of the beginning of the plan year2025-09-261744911
Employer contributions to plan in this plan year2025-09-26250000
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-2610439
2024 : PRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-07-290
Total liabilities as of the beginning of the plan year2024-07-290
Total expenses incurred by plan in this plan year2024-07-297695
Net assets as of the end of the plan year2024-07-291744911
Total assets as of the beginning of the plan year2024-07-291564204
Value of plan covered by a fidelity bond2024-07-29300000
Other income to plan in this plan year2024-07-29175258
Plan net income in this plan year2024-07-29180707
Net assets as of the end of the plan year2024-07-291744911
Net assets as of the beginning of the plan year2024-07-291564204
Employer contributions to plan in this plan year2024-07-2913144
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-297695
2022 : PRESTIGE EQUIPMENT RENTALS, LLC CASH BALANCE PENSION PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-210
Total liabilities as of the end of the plan year2022-07-210
Total liabilities as of the beginning of the plan year2022-07-210
Total expenses incurred by plan in this plan year2022-07-214383
Net assets as of the end of the plan year2022-07-211050873
Total assets as of the beginning of the plan year2022-07-21748242
Value of plan covered by a fidelity bond2022-07-21125000
Participant contributions to plan in this plan year2022-07-210
Other expenses paid from plan in this plan year2022-07-210
Other contributions to plan in this plan year2022-07-210
Other income to plan in this plan year2022-07-2169014
Plan net income in this plan year2022-07-21302631
Net assets as of the end of the plan year2022-07-211050873
Net assets as of the beginning of the plan year2022-07-21748242
Employer contributions to plan in this plan year2022-07-21238000
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-214383

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