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VORTEX CONSTRUCTION, LLC CASH BALANCE PLAN 401k Plan overview

Plan NameVORTEX CONSTRUCTION, LLC CASH BALANCE PLAN
Plan identification number 002

VORTEX CONSTRUCTION, LLC CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

VORTEX CONSTRUCTION LLC has sponsored the creation of one or more 401k plans.

Company Name:VORTEX CONSTRUCTION LLC
Employer identification number (EIN):474204931
NAIC Classification:236110

Additional information about VORTEX CONSTRUCTION LLC

Jurisdiction of Incorporation: Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number: 1252199

More information about VORTEX CONSTRUCTION LLC

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01ZENDA HOWARD2023-08-30
0022022-01-01ZENDA HOWARD2024-01-17
0022021-01-01ZENDA HOWARD2022-07-11
0022020-01-01ZENDA HOWARD2021-08-27
0022018-01-01ZENDA HOWARD2019-06-28

Plan Statistics for VORTEX CONSTRUCTION, LLC CASH BALANCE PLAN

401k plan membership statisitcs for VORTEX CONSTRUCTION, LLC CASH BALANCE PLAN

Measure Date Value
2022: VORTEX CONSTRUCTION, LLC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-311,380,981
Acturial value of plan assets2022-12-311,380,981
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-312
Fundng target for terminated vested participants2022-12-316,127
Active participant vested funding target2022-12-311,244,379
Number of active participants2022-12-3130
Total funding liabilities for active participants2022-12-311,248,092
Total participant count2022-12-3132
Total funding target for all participants2022-12-311,254,219
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31253,606
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-31246,352
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-317,254
Present value of excess contributions2022-12-31288,982
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31292,639
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-31292,639
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 year2022-12-31299,933
Total employer contributions2022-12-31351,700
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 date2022-12-31331,120
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 cost2022-12-31286,769
Net shortfall amortization installment of oustanding balance2022-12-3170,035
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31293,550
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-31255,445
Additional cash requirement2022-12-3138,105
Contributions allocatedtoward minimum required contributions for current year2022-12-31331,120
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: VORTEX CONSTRUCTION, LLC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-311,029,149
Acturial value of plan assets2021-12-311,029,149
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-311
Fundng target for terminated vested participants2021-12-313,434
Active participant vested funding target2021-12-31836,717
Number of active participants2021-12-3123
Total funding liabilities for active participants2021-12-31844,835
Total participant count2021-12-3124
Total funding target for all participants2021-12-31848,269
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31163,261
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 balance2021-12-31163,261
Present value of excess contributions2021-12-3184,742
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3189,496
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-3189,496
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 year2021-12-31253,606
Total employer contributions2021-12-31347,300
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 date2021-12-31326,031
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 cost2021-12-31276,620
Net shortfall amortization installment of oustanding balance2021-12-3175,725
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31283,401
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-31246,352
Additional cash requirement2021-12-3137,049
Contributions allocatedtoward minimum required contributions for current year2021-12-31326,031
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: VORTEX CONSTRUCTION, LLC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-31663,551
Acturial value of plan assets2020-12-31663,551
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 target2020-12-310
Number of active participants2020-12-3118
Total funding liabilities for active participants2020-12-31518,114
Total participant count2020-12-3118
Total funding target for all participants2020-12-31518,114
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3174,680
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 balance2020-12-3174,680
Present value of excess contributions2020-12-3183,200
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3187,984
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3187,984
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 year2020-12-31163,261
Total employer contributions2020-12-31361,595
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 date2020-12-31341,934
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 cost2020-12-31257,192
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31257,192
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31257,192
Contributions allocatedtoward minimum required contributions for current year2020-12-31341,934
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: VORTEX CONSTRUCTION, LLC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31319,338
Acturial value of plan assets2019-12-31319,338
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 participants2019-12-3119
Total funding liabilities for active participants2019-12-31239,490
Total participant count2019-12-3119
Total funding target for all participants2019-12-31239,490
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-3189,397
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3194,680
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-3194,680
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-3120,000
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-3174,680
Total employer contributions2019-12-31341,800
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 date2019-12-31319,977
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 cost2019-12-31241,945
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31236,777
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31236,777
Contributions allocatedtoward minimum required contributions for current year2019-12-31319,977
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: VORTEX CONSTRUCTION, LLC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-310
Acturial value of plan assets2018-12-310
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 participants2018-12-310
Total participant count2018-12-318
Total funding target for all participants2018-12-310
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
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 year2018-12-310
Total employer contributions2018-12-31323,179
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 date2018-12-31301,447
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 cost2018-12-31212,050
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31212,050
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31212,050
Contributions allocatedtoward minimum required contributions for current year2018-12-31301,447
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310

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