LIGON & LIGON, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan LIGON & LIGON, INC. RETIREMENT INCOME PLAN
401k plan membership statisitcs for LIGON & LIGON, INC. RETIREMENT INCOME PLAN
Measure | Date | Value |
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2022: LIGON & LIGON, INC. RETIREMENT INCOME PLAN 2022 401k membership |
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Market value of plan assets | 2022-11-30 | 8,537,473 |
Acturial value of plan assets | 2022-11-30 | 8,128,231 |
Funding target for retired participants and beneficiaries receiving payment | 2022-11-30 | 3,671,129 |
Number of terminated vested participants | 2022-11-30 | 24 |
Fundng target for terminated vested participants | 2022-11-30 | 799,282 |
Active participant vested funding target | 2022-11-30 | 2,026,947 |
Number of active participants | 2022-11-30 | 51 |
Total funding liabilities for active participants | 2022-11-30 | 2,041,156 |
Total participant count | 2022-11-30 | 101 |
Total funding target for all participants | 2022-11-30 | 6,511,567 |
Balance at beginning of prior year after applicable adjustments | 2022-11-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-11-30 | 33,307 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-11-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-11-30 | 0 |
Amount remaining of carryover balance | 2022-11-30 | 0 |
Amount remaining of prefunding balance | 2022-11-30 | 33,307 |
Present value of excess contributions | 2022-11-30 | 596,562 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-11-30 | 631,163 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-11-30 | 631,163 |
Balance of carryovers at beginning of current year | 2022-11-30 | 0 |
Balance of prefunding at beginning of current year | 2022-11-30 | 668,447 |
Total employer contributions | 2022-11-30 | 640,000 |
Total employee contributions | 2022-11-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-11-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-11-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-11-30 | 584,442 |
Unpaid minimum required contributions for all prior years | 2022-11-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-11-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-11-30 | 0 |
Minimum required contributions for current year target normal cost | 2022-11-30 | 308,669 |
Net shortfall amortization installment of oustanding balance | 2022-11-30 | 0 |
Waiver amortization installment | 2022-11-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-11-30 | 0 |
Carryover balance elected to use to offset funding requirement | 2022-11-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-11-30 | 0 |
Additional cash requirement | 2022-11-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-11-30 | 584,442 |
Unpaid minimum required contributions for current year | 2022-11-30 | 0 |
Unpaid minimum required contributions for all years | 2022-11-30 | 0 |
2021: LIGON & LIGON, INC. RETIREMENT INCOME PLAN 2021 401k membership |
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Market value of plan assets | 2021-11-30 | 7,539,555 |
Acturial value of plan assets | 2021-11-30 | 7,154,488 |
Funding target for retired participants and beneficiaries receiving payment | 2021-11-30 | 2,113,062 |
Number of terminated vested participants | 2021-11-30 | 25 |
Fundng target for terminated vested participants | 2021-11-30 | 1,027,839 |
Active participant vested funding target | 2021-11-30 | 3,106,852 |
Number of active participants | 2021-11-30 | 55 |
Total funding liabilities for active participants | 2021-11-30 | 3,122,459 |
Total participant count | 2021-11-30 | 104 |
Total funding target for all participants | 2021-11-30 | 6,263,360 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-11-30 | 29,271 |
Prefunding balanced used to offset prior years funding requirement | 2021-11-30 | 0 |
Amount remaining of carryover balance | 2021-11-30 | 0 |
Amount remaining of prefunding balance | 2021-11-30 | 29,271 |
Present value of excess contributions | 2021-11-30 | 593,424 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-11-30 | 626,656 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-11-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2021-11-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2021-11-30 | 0 |
Balance of carryovers at beginning of current year | 2021-11-30 | 0 |
Balance of prefunding at beginning of current year | 2021-11-30 | 33,307 |
Total employer contributions | 2021-11-30 | 655,000 |
Total employee contributions | 2021-11-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-11-30 | 596,562 |
Unpaid minimum required contributions for all prior years | 2021-11-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-11-30 | 0 |
Minimum required contributions for current year target normal cost | 2021-11-30 | 337,245 |
Net shortfall amortization installment of oustanding balance | 2021-11-30 | 0 |
Waiver amortization installment | 2021-11-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-11-30 | 0 |
Carryover balance elected to use to offset funding requirement | 2021-11-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2021-11-30 | 0 |
Additional cash requirement | 2021-11-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2021-11-30 | 596,562 |
Unpaid minimum required contributions for current year | 2021-11-30 | 0 |
Unpaid minimum required contributions for all years | 2021-11-30 | 0 |
2020: LIGON & LIGON, INC. RETIREMENT INCOME PLAN 2020 401k membership |
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Market value of plan assets | 2020-11-30 | 6,398,978 |
Acturial value of plan assets | 2020-11-30 | 6,316,506 |
Funding target for retired participants and beneficiaries receiving payment | 2020-11-30 | 2,058,490 |
Number of terminated vested participants | 2020-11-30 | 25 |
Fundng target for terminated vested participants | 2020-11-30 | 729,605 |
Active participant vested funding target | 2020-11-30 | 3,065,767 |
Number of active participants | 2020-11-30 | 59 |
Total funding liabilities for active participants | 2020-11-30 | 3,078,255 |
Total participant count | 2020-11-30 | 106 |
Total funding target for all participants | 2020-11-30 | 5,866,350 |
Balance at beginning of prior year after applicable adjustments | 2020-11-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-11-30 | 26,283 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2020-11-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2020-11-30 | 0 |
Amount remaining of carryover balance | 2020-11-30 | 0 |
Amount remaining of prefunding balance | 2020-11-30 | 26,283 |
Present value of excess contributions | 2020-11-30 | 549,756 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-11-30 | 581,422 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-11-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2020-11-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-11-30 | 0 |
Balance of carryovers at beginning of current year | 2020-11-30 | 0 |
Balance of prefunding at beginning of current year | 2020-11-30 | 29,271 |
Total employer contributions | 2020-11-30 | 650,000 |
Total employee contributions | 2020-11-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-11-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-11-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-11-30 | 593,424 |
Unpaid minimum required contributions for all prior years | 2020-11-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-11-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-11-30 | 0 |
Minimum required contributions for current year target normal cost | 2020-11-30 | 409,578 |
Net shortfall amortization installment of oustanding balance | 2020-11-30 | 0 |
Waiver amortization installment | 2020-11-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-11-30 | 0 |
Carryover balance elected to use to offset funding requirement | 2020-11-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2020-11-30 | 0 |
Additional cash requirement | 2020-11-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2020-11-30 | 593,424 |
Unpaid minimum required contributions for current year | 2020-11-30 | 0 |
Unpaid minimum required contributions for all years | 2020-11-30 | 0 |
2019: LIGON & LIGON, INC. RETIREMENT INCOME PLAN 2019 401k membership |
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Market value of plan assets | 2019-11-30 | 5,534,254 |
Acturial value of plan assets | 2019-11-30 | 5,592,510 |
Funding target for retired participants and beneficiaries receiving payment | 2019-11-30 | 2,043,296 |
Number of terminated vested participants | 2019-11-30 | 21 |
Fundng target for terminated vested participants | 2019-11-30 | 649,139 |
Active participant vested funding target | 2019-11-30 | 2,478,484 |
Number of active participants | 2019-11-30 | 55 |
Total funding liabilities for active participants | 2019-11-30 | 2,485,869 |
Total participant count | 2019-11-30 | 99 |
Total funding target for all participants | 2019-11-30 | 5,178,304 |
Balance at beginning of prior year after applicable adjustments | 2019-11-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2019-11-30 | 287,901 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2019-11-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2019-11-30 | 261,930 |
Amount remaining of carryover balance | 2019-11-30 | 0 |
Amount remaining of prefunding balance | 2019-11-30 | 25,971 |
Present value of excess contributions | 2019-11-30 | 612,884 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-11-30 | 636,909 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2019-11-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2019-11-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2019-11-30 | 0 |
Balance of carryovers at beginning of current year | 2019-11-30 | 0 |
Balance of prefunding at beginning of current year | 2019-11-30 | 26,283 |
Total employer contributions | 2019-11-30 | 600,000 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2019-11-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2019-11-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-11-30 | 549,756 |
Liquidity shortfalls end of Q1 | 2019-11-30 | 0 |
Liquidity shortfalls end of Q2 | 2019-11-30 | 0 |
Liquidity shortfalls end of Q3 | 2019-11-30 | 0 |
Liquidity shortfalls end of Q4 | 2019-11-30 | 0 |
Unpaid minimum required contributions for all prior years | 2019-11-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-11-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2019-11-30 | 0 |
Minimum required contributions for current year target normal cost | 2019-11-30 | 381,130 |
Net shortfall amortization installment of oustanding balance | 2019-11-30 | 0 |
Waiver amortization installment | 2019-11-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2019-11-30 | 0 |
Carryover balance elected to use to offset funding requirement | 2019-11-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2019-11-30 | 0 |
Additional cash requirement | 2019-11-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2019-11-30 | 549,756 |
Unpaid minimum required contributions for current year | 2019-11-30 | 0 |
Unpaid minimum required contributions for all years | 2019-11-30 | 0 |
2018: LIGON & LIGON, INC. RETIREMENT INCOME PLAN 2018 401k membership |
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Market value of plan assets | 2018-11-30 | 5,004,618 |
Acturial value of plan assets | 2018-11-30 | 4,809,310 |
Funding target for retired participants and beneficiaries receiving payment | 2018-11-30 | 1,979,642 |
Number of terminated vested participants | 2018-11-30 | 19 |
Fundng target for terminated vested participants | 2018-11-30 | 384,235 |
Active participant vested funding target | 2018-11-30 | 2,364,378 |
Number of active participants | 2018-11-30 | 55 |
Total funding liabilities for active participants | 2018-11-30 | 2,375,336 |
Total participant count | 2018-11-30 | 97 |
Total funding target for all participants | 2018-11-30 | 4,739,213 |
Balance at beginning of prior year after applicable adjustments | 2018-11-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2018-11-30 | 418,608 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2018-11-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2018-11-30 | 166,836 |
Amount remaining of carryover balance | 2018-11-30 | 0 |
Amount remaining of prefunding balance | 2018-11-30 | 251,772 |
Present value of excess contributions | 2018-11-30 | 30,369 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-11-30 | 34,727 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-11-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2018-11-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2018-11-30 | 0 |
Balance of carryovers at beginning of current year | 2018-11-30 | 0 |
Balance of prefunding at beginning of current year | 2018-11-30 | 287,901 |
Total employer contributions | 2018-11-30 | 800,000 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2018-11-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2018-11-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-11-30 | 727,827 |
Unpaid minimum required contributions for all prior years | 2018-11-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-11-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2018-11-30 | 0 |
Minimum required contributions for current year target normal cost | 2018-11-30 | 360,691 |
Net shortfall amortization installment of oustanding balance | 2018-11-30 | 217,804 |
Waiver amortization installment | 2018-11-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2018-11-30 | 376,873 |
Prefunding balance elected to use to offset funding requirement | 2018-11-30 | 261,930 |
Additional cash requirement | 2018-11-30 | 114,943 |
Contributions allocatedtoward minimum required contributions for current year | 2018-11-30 | 727,827 |
Unpaid minimum required contributions for current year | 2018-11-30 | 0 |
Unpaid minimum required contributions for all years | 2018-11-30 | 0 |
2017: LIGON & LIGON, INC. RETIREMENT INCOME PLAN 2017 401k membership |
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Market value of plan assets | 2017-11-30 | 4,538,906 |
Acturial value of plan assets | 2017-11-30 | 4,696,511 |
Funding target for retired participants and beneficiaries receiving payment | 2017-11-30 | 1,731,749 |
Number of terminated vested participants | 2017-11-30 | 19 |
Fundng target for terminated vested participants | 2017-11-30 | 348,152 |
Active participant vested funding target | 2017-11-30 | 2,198,901 |
Number of active participants | 2017-11-30 | 55 |
Total funding liabilities for active participants | 2017-11-30 | 2,211,906 |
Total participant count | 2017-11-30 | 97 |
Total funding target for all participants | 2017-11-30 | 4,291,807 |
Balance at beginning of prior year after applicable adjustments | 2017-11-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2017-11-30 | 536,805 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2017-11-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2017-11-30 | 138,813 |
Amount remaining of carryover balance | 2017-11-30 | 0 |
Amount remaining of prefunding balance | 2017-11-30 | 397,992 |
Present value of excess contributions | 2017-11-30 | 146,829 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-11-30 | 154,495 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2017-11-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2017-11-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2017-11-30 | 0 |
Balance of carryovers at beginning of current year | 2017-11-30 | 0 |
Balance of prefunding at beginning of current year | 2017-11-30 | 418,608 |
Total employer contributions | 2017-11-30 | 150,000 |
Total employee contributions | 2017-11-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2017-11-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2017-11-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2017-11-30 | 135,649 |
Unpaid minimum required contributions for all prior years | 2017-11-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2017-11-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2017-11-30 | 0 |
Minimum required contributions for current year target normal cost | 2017-11-30 | 245,154 |
Net shortfall amortization installment of oustanding balance | 2017-11-30 | 13,904 |
Waiver amortization installment | 2017-11-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2017-11-30 | 272,116 |
Carryover balance elected to use to offset funding requirement | 2017-11-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2017-11-30 | 166,836 |
Additional cash requirement | 2017-11-30 | 105,280 |
Contributions allocatedtoward minimum required contributions for current year | 2017-11-30 | 135,649 |
Unpaid minimum required contributions for current year | 2017-11-30 | 0 |
Unpaid minimum required contributions for all years | 2017-11-30 | 0 |
2009: LIGON & LIGON, INC. RETIREMENT INCOME PLAN 2009 401k membership |
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Total participants, beginning-of-year | 2009-12-01 | 82 |
Total number of active participants reported on line 7a of the Form 5500 | 2009-12-01 | 42 |
Number of retired or separated participants receiving benefits | 2009-12-01 | 30 |
Number of other retired or separated participants entitled to future benefits | 2009-12-01 | 13 |
Total of all active and inactive participants | 2009-12-01 | 85 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-12-01 | 0 |
Total participants | 2009-12-01 | 85 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-12-01 | 2 |