401k Plan data: MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 plan

MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 401k Plan overview

Plan Name	MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496
Plan identification number	004

MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 Benefits

401k Plan Type

Defined 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).
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).
Plan not intended to be qualified - A plan not intended to be qualified under Code sections 401, 403, or 408.

401k Sponsoring company profile

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

Company Name: MAYCO MANUFACTURING, LLC

Employer identification number (EIN): 472367716

NAIC Classification: 332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
004 2022-01-01 YICELYS WALLS 2023-10-06 YICELYS WALLS 2023-10-06
004 2021-01-01 TOM GREEN 2022-10-18
004 2020-01-01 TOM GREEN 2021-10-14
004 2019-01-01 TOM GREEN 2020-08-31
004 2018-01-01 TOM GREEN 2019-07-02
004 2017-01-01
004 2016-01-01
004 2015-01-01 DONALD FLEMING 2016-09-29 DONALD FLEMING 2016-09-29
004 2014-01-01 DONALD FLEMING 2015-10-07 DONALD FLEMING 2015-10-07

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
004	2022-01-01	YICELYS WALLS	2023-10-06	YICELYS WALLS	2023-10-06
004	2021-01-01	TOM GREEN	2022-10-18
004	2020-01-01	TOM GREEN	2021-10-14
004	2019-01-01	TOM GREEN	2020-08-31
004	2018-01-01	TOM GREEN	2019-07-02
004	2017-01-01
004	2016-01-01
004	2015-01-01	DONALD FLEMING	2016-09-29	DONALD FLEMING	2016-09-29
004	2014-01-01	DONALD FLEMING	2015-10-07	DONALD FLEMING	2015-10-07

Plan Statistics for MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496

401k plan membership statisitcs for MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496

Measure Date Value
2022: MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 2022 401k membership
Market value of plan assets 2022-12-31 1,213,495
Acturial value of plan assets 2022-12-31 1,213,495
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 707,983
Number of terminated vested participants 2022-12-31 4
Fundng target for terminated vested participants 2022-12-31 202,574
Active participant vested funding target 2022-12-31 132,899
Number of active participants 2022-12-31 1
Total funding liabilities for active participants 2022-12-31 132,899
Total participant count 2022-12-31 25
Total funding target for all participants 2022-12-31 1,043,456
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
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 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 21,902
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 23,085
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
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
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 0
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 11,585
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 0
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 2021 401k membership
Market value of plan assets 2021-12-31 1,126,631
Acturial value of plan assets 2021-12-31 1,126,631
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 588,977
Number of terminated vested participants 2021-12-31 4
Fundng target for terminated vested participants 2021-12-31 186,822
Active participant vested funding target 2021-12-31 274,445
Number of active participants 2021-12-31 3
Total funding liabilities for active participants 2021-12-31 274,445
Total participant count 2021-12-31 27
Total funding target for all participants 2021-12-31 1,050,244
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 4,391
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 4,617
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 26,085
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 25,694
Liquidity shortfalls end of Q1 2021-12-31 0
Liquidity shortfalls end of Q2 2021-12-31 0
Liquidity shortfalls end of Q3 2021-12-31 0
Liquidity shortfalls end of Q4 2021-12-31 0
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 11,585
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 0
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 25,694
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 2020 401k membership
Market value of plan assets 2020-12-31 1,052,832
Acturial value of plan assets 2020-12-31 1,052,832
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 617,296
Number of terminated vested participants 2020-12-31 4
Fundng target for terminated vested participants 2020-12-31 180,049
Active participant vested funding target 2020-12-31 319,500
Number of active participants 2020-12-31 3
Total funding liabilities for active participants 2020-12-31 319,500
Total participant count 2020-12-31 29
Total funding target for all participants 2020-12-31 1,116,845
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 0
Present value of excess contributions 2020-12-31 5,819
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 6,127
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 0
Total employer contributions 2020-12-31 44,000
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 42,615
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 11,585
Net shortfall amortization installment of oustanding balance 2020-12-31 64,013
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 38,224
Additional cash requirement 2020-12-31 38,224
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 42,615
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 2019 401k membership
Market value of plan assets 2019-12-31 896,056
Acturial value of plan assets 2019-12-31 896,056
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 694,155
Number of terminated vested participants 2019-12-31 7
Fundng target for terminated vested participants 2019-12-31 278,569
Active participant vested funding target 2019-12-31 239,244
Number of active participants 2019-12-31 3
Total funding liabilities for active participants 2019-12-31 239,244
Total participant count 2019-12-31 33
Total funding target for all participants 2019-12-31 1,211,968
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 0
Present value of excess contributions 2019-12-31 9,572
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 10,097
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 87,000
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 83,504
Liquidity shortfalls end of Q1 2019-12-31 0
Liquidity shortfalls end of Q2 2019-12-31 0
Liquidity shortfalls end of Q3 2019-12-31 0
Liquidity shortfalls end of Q4 2019-12-31 0
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 11,585
Net shortfall amortization installment of oustanding balance 2019-12-31 315,912
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 77,685
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 0
Additional cash requirement 2019-12-31 77,685
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 83,504
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 2018 401k membership
Market value of plan assets 2018-12-31 982,386
Acturial value of plan assets 2018-12-31 982,386
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 713,170
Number of terminated vested participants 2018-12-31 7
Fundng target for terminated vested participants 2018-12-31 249,462
Active participant vested funding target 2018-12-31 221,535
Number of active participants 2018-12-31 3
Total funding liabilities for active participants 2018-12-31 221,535
Total participant count 2018-12-31 33
Total funding target for all participants 2018-12-31 1,184,167
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 497
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 525
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 54,250
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 52,200
Liquidity shortfalls end of Q1 2018-12-31 0
Liquidity shortfalls end of Q2 2018-12-31 0
Liquidity shortfalls end of Q3 2018-12-31 0
Liquidity shortfalls end of Q4 2018-12-31 0
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 11,240
Net shortfall amortization installment of oustanding balance 2018-12-31 201,781
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 42,628
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 42,628
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 52,200
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 2017 401k membership
Market value of plan assets 2017-12-31 858,687
Acturial value of plan assets 2017-12-31 858,687
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 671,172
Number of terminated vested participants 2017-12-31 7
Fundng target for terminated vested participants 2017-12-31 206,090
Active participant vested funding target 2017-12-31 191,232
Number of active participants 2017-12-31 3
Total funding liabilities for active participants 2017-12-31 191,232
Total participant count 2017-12-31 33
Total funding target for all participants 2017-12-31 1,068,494
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 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 109
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 115
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 50,550
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 48,491
Liquidity shortfalls end of Q1 2017-12-31 0
Liquidity shortfalls end of Q2 2017-12-31 0
Liquidity shortfalls end of Q3 2017-12-31 0
Liquidity shortfalls end of Q4 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 0
Net shortfall amortization installment of oustanding balance 2017-12-31 209,807
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 48,144
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 0
Additional cash requirement 2017-12-31 48,144
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 48,491
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 2016 401k membership
Market value of plan assets 2016-12-31 874,763
Acturial value of plan assets 2016-12-31 874,763
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 519,386
Number of terminated vested participants 2016-12-31 11
Fundng target for terminated vested participants 2016-12-31 345,161
Active participant vested funding target 2016-12-31 173,176
Number of active participants 2016-12-31 3
Total funding liabilities for active participants 2016-12-31 173,176
Total participant count 2016-12-31 33
Total funding target for all participants 2016-12-31 1,037,723
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 9
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 10
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 54,345
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 46,090
Liquidity shortfalls end of Q1 2016-12-31 0
Liquidity shortfalls end of Q2 2016-12-31 0
Liquidity shortfalls end of Q3 2016-12-31 0
Liquidity shortfalls end of Q4 2016-12-31 0
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 0
Net shortfall amortization installment of oustanding balance 2016-12-31 162,960
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 45,981
Additional cash requirement 2016-12-31 45,981
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 46,090
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
2022: MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 2022 401k membership
Market value of plan assets	2022-12-31	1,213,495
Acturial value of plan assets	2022-12-31	1,213,495
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	707,983
Number of terminated vested participants	2022-12-31	4
Fundng target for terminated vested participants	2022-12-31	202,574
Active participant vested funding target	2022-12-31	132,899
Number of active participants	2022-12-31	1
Total funding liabilities for active participants	2022-12-31	132,899
Total participant count	2022-12-31	25
Total funding target for all participants	2022-12-31	1,043,456
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
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	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	21,902
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	23,085
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
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
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	0
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	11,585
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	0
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 2021 401k membership
Market value of plan assets	2021-12-31	1,126,631
Acturial value of plan assets	2021-12-31	1,126,631
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	588,977
Number of terminated vested participants	2021-12-31	4
Fundng target for terminated vested participants	2021-12-31	186,822
Active participant vested funding target	2021-12-31	274,445
Number of active participants	2021-12-31	3
Total funding liabilities for active participants	2021-12-31	274,445
Total participant count	2021-12-31	27
Total funding target for all participants	2021-12-31	1,050,244
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	4,391
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	4,617
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	26,085
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	25,694
Liquidity shortfalls end of Q1	2021-12-31	0
Liquidity shortfalls end of Q2	2021-12-31	0
Liquidity shortfalls end of Q3	2021-12-31	0
Liquidity shortfalls end of Q4	2021-12-31	0
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	11,585
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	0
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	25,694
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 2020 401k membership
Market value of plan assets	2020-12-31	1,052,832
Acturial value of plan assets	2020-12-31	1,052,832
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	617,296
Number of terminated vested participants	2020-12-31	4
Fundng target for terminated vested participants	2020-12-31	180,049
Active participant vested funding target	2020-12-31	319,500
Number of active participants	2020-12-31	3
Total funding liabilities for active participants	2020-12-31	319,500
Total participant count	2020-12-31	29
Total funding target for all participants	2020-12-31	1,116,845
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	5,819
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	6,127
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	44,000
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	42,615
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	11,585
Net shortfall amortization installment of oustanding balance	2020-12-31	64,013
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	38,224
Additional cash requirement	2020-12-31	38,224
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	42,615
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 2019 401k membership
Market value of plan assets	2019-12-31	896,056
Acturial value of plan assets	2019-12-31	896,056
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	694,155
Number of terminated vested participants	2019-12-31	7
Fundng target for terminated vested participants	2019-12-31	278,569
Active participant vested funding target	2019-12-31	239,244
Number of active participants	2019-12-31	3
Total funding liabilities for active participants	2019-12-31	239,244
Total participant count	2019-12-31	33
Total funding target for all participants	2019-12-31	1,211,968
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	9,572
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	10,097
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	87,000
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	83,504
Liquidity shortfalls end of Q1	2019-12-31	0
Liquidity shortfalls end of Q2	2019-12-31	0
Liquidity shortfalls end of Q3	2019-12-31	0
Liquidity shortfalls end of Q4	2019-12-31	0
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	11,585
Net shortfall amortization installment of oustanding balance	2019-12-31	315,912
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	77,685
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	0
Additional cash requirement	2019-12-31	77,685
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	83,504
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 2018 401k membership
Market value of plan assets	2018-12-31	982,386
Acturial value of plan assets	2018-12-31	982,386
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	713,170
Number of terminated vested participants	2018-12-31	7
Fundng target for terminated vested participants	2018-12-31	249,462
Active participant vested funding target	2018-12-31	221,535
Number of active participants	2018-12-31	3
Total funding liabilities for active participants	2018-12-31	221,535
Total participant count	2018-12-31	33
Total funding target for all participants	2018-12-31	1,184,167
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	497
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	525
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	54,250
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	52,200
Liquidity shortfalls end of Q1	2018-12-31	0
Liquidity shortfalls end of Q2	2018-12-31	0
Liquidity shortfalls end of Q3	2018-12-31	0
Liquidity shortfalls end of Q4	2018-12-31	0
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	11,240
Net shortfall amortization installment of oustanding balance	2018-12-31	201,781
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	42,628
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	42,628
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	52,200
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 2017 401k membership
Market value of plan assets	2017-12-31	858,687
Acturial value of plan assets	2017-12-31	858,687
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	671,172
Number of terminated vested participants	2017-12-31	7
Fundng target for terminated vested participants	2017-12-31	206,090
Active participant vested funding target	2017-12-31	191,232
Number of active participants	2017-12-31	3
Total funding liabilities for active participants	2017-12-31	191,232
Total participant count	2017-12-31	33
Total funding target for all participants	2017-12-31	1,068,494
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	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	109
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	115
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	50,550
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	48,491
Liquidity shortfalls end of Q1	2017-12-31	0
Liquidity shortfalls end of Q2	2017-12-31	0
Liquidity shortfalls end of Q3	2017-12-31	0
Liquidity shortfalls end of Q4	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	0
Net shortfall amortization installment of oustanding balance	2017-12-31	209,807
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	48,144
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	0
Additional cash requirement	2017-12-31	48,144
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	48,491
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: MAYCO INDUSTRIES PENSION PLAN FOR HOURLY EMPLOYEES LOCAL 6496 2016 401k membership
Market value of plan assets	2016-12-31	874,763
Acturial value of plan assets	2016-12-31	874,763
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	519,386
Number of terminated vested participants	2016-12-31	11
Fundng target for terminated vested participants	2016-12-31	345,161
Active participant vested funding target	2016-12-31	173,176
Number of active participants	2016-12-31	3
Total funding liabilities for active participants	2016-12-31	173,176
Total participant count	2016-12-31	33
Total funding target for all participants	2016-12-31	1,037,723
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	9
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	10
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	54,345
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	46,090
Liquidity shortfalls end of Q1	2016-12-31	0
Liquidity shortfalls end of Q2	2016-12-31	0
Liquidity shortfalls end of Q3	2016-12-31	0
Liquidity shortfalls end of Q4	2016-12-31	0
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	0
Net shortfall amortization installment of oustanding balance	2016-12-31	162,960
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	45,981
Additional cash requirement	2016-12-31	45,981
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	46,090
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:	MAYCO MANUFACTURING, LLC
Employer identification number (EIN):	472367716
NAIC Classification:	332900