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TECHTRADE, LLC CASH BALANCE PLAN 401k Plan overview

Plan NameTECHTRADE, LLC CASH BALANCE PLAN
Plan identification number 002

TECHTRADE, LLC CASH BALANCE PLAN Benefits

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

TECHTRADE, LLC has sponsored the creation of one or more 401k plans.

Company Name:TECHTRADE, LLC
Employer identification number (EIN):450507628
NAIC Classification:423910
NAIC Description:Sporting and Recreational Goods and Supplies Merchant Wholesalers

Additional information about TECHTRADE, LLC

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 2003-03-27
Company Identification Number: 2887408
Legal Registered Office Address: 274 MADISON AVE, SUITE 1001
New York
NEW YORK
United States of America (USA)
10017

More information about TECHTRADE, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TECHTRADE, LLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01HARVEY T BART2023-06-26
0022021-01-01HARVEY T BART2022-09-28
0022020-01-01ALLAN BART2021-09-07
0022019-01-01ALLAN BART2020-09-24
0022018-01-01ALLAN BART2019-09-26
0022017-01-01ALLAN BART2018-10-02
0022016-01-01ALLAN BART2017-08-31

Plan Statistics for TECHTRADE, LLC CASH BALANCE PLAN

401k plan membership statisitcs for TECHTRADE, LLC CASH BALANCE PLAN

Measure Date Value
2022: TECHTRADE, LLC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-312,635,521
Acturial value of plan assets2022-12-312,635,521
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-310
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-312,179,526
Number of active participants2022-12-317
Total funding liabilities for active participants2022-12-312,179,526
Total participant count2022-12-317
Total funding target for all participants2022-12-312,179,526
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31481,722
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 balance2022-12-31481,722
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
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 elections2022-12-3176,597
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31455,995
Total employer contributions2022-12-310
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 date2022-12-310
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 cost2022-12-3116,387
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3116,387
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-3116,387
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: TECHTRADE, LLC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-312,377,694
Acturial value of plan assets2021-12-312,377,694
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-311,775,845
Number of active participants2021-12-317
Total funding liabilities for active participants2021-12-311,775,845
Total participant count2021-12-317
Total funding target for all participants2021-12-311,775,845
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31408,751
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 balance2021-12-31408,751
Present value of excess contributions2021-12-3127,655
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3128,949
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-3128,949
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 year2021-12-31481,722
Total employer contributions2021-12-310
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 date2021-12-310
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 cost2021-12-3119,499
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 year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: TECHTRADE, LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,951,332
Acturial value of plan assets2020-12-311,951,332
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-311,391,415
Number of active participants2020-12-317
Total funding liabilities for active participants2020-12-311,391,415
Total participant count2020-12-317
Total funding target for all participants2020-12-311,391,415
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31295,000
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 balance2020-12-31295,000
Present value of excess contributions2020-12-3165,969
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3168,911
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3168,911
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 year2020-12-31408,751
Total employer contributions2020-12-31200,000
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 date2020-12-31185,298
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 cost2020-12-31308,809
Net shortfall amortization installment of oustanding balance2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31157,643
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31157,643
Contributions allocatedtoward minimum required contributions for current year2020-12-31185,298
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: TECHTRADE, LLC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,324,350
Acturial value of plan assets2019-12-311,324,350
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 target2019-12-311,025,669
Number of active participants2019-12-317
Total funding liabilities for active participants2019-12-311,025,669
Total participant count2019-12-317
Total funding target for all participants2019-12-311,025,669
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31248,236
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31248,236
Present value of excess contributions2019-12-31161,975
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31169,280
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-31169,280
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-31100,249
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31295,000
Total employer contributions2019-12-31400,000
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 date2019-12-31372,994
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 cost2019-12-31310,706
Total funding amount beforereflecting carryover/prefunding balances2019-12-31307,025
Additional cash requirement2019-12-31307,025
Contributions allocatedtoward minimum required contributions for current year2019-12-31372,994
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: TECHTRADE, LLC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31933,681
Acturial value of plan assets2018-12-31933,681
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-310
Number of active participants2018-12-318
Total funding liabilities for active participants2018-12-31675,004
Total participant count2018-12-318
Total funding target for all participants2018-12-31675,004
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-31237,478
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31248,236
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31248,236
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31248,236
Total employer contributions2018-12-31495,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31465,695
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31314,161
Total funding amount beforereflecting carryover/prefunding balances2018-12-31303,720
Additional cash requirement2018-12-31303,720
Contributions allocatedtoward minimum required contributions for current year2018-12-31465,695
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: TECHTRADE, LLC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31315,085
Acturial value of plan assets2017-12-31315,085
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-310
Number of active participants2017-12-318
Total funding liabilities for active participants2017-12-31329,407
Total participant count2017-12-318
Total funding target for all participants2017-12-31329,407
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
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 balance2017-12-310
Present value of excess contributions2017-12-316,026
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-316,386
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-316,386
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-316,386
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31585,000
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 date2017-12-31553,552
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 cost2017-12-31313,722
Net shortfall amortization installment of oustanding balance2017-12-3114,322
Total funding amount beforereflecting carryover/prefunding balances2017-12-31316,074
Additional cash requirement2017-12-31316,074
Contributions allocatedtoward minimum required contributions for current year2017-12-31553,552
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: TECHTRADE, LLC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-310
Acturial value of plan assets2016-12-310
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-310
Number of active participants2016-12-318
Total funding liabilities for active participants2016-12-310
Total participant count2016-12-318
Total funding target for all participants2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31322,384
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 date2016-12-31297,306
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 cost2016-12-31291,280
Net shortfall amortization installment of oustanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31291,280
Additional cash requirement2016-12-31291,280
Contributions allocatedtoward minimum required contributions for current year2016-12-31297,306
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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