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ROSS & SONS CASH BALANCE PLAN 401k Plan overview

Plan NameROSS & SONS CASH BALANCE PLAN
Plan identification number 002

ROSS & SONS 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).

401k Sponsoring company profile

ROSS & SONS UTILITY CONTRACTOR, INC has sponsored the creation of one or more 401k plans.

Company Name:ROSS & SONS UTILITY CONTRACTOR, INC
Employer identification number (EIN):541316705
NAIC Classification:237100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ROSS & SONS CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-10-01TIMOTHY ROSS SR.2023-07-17
0022020-10-01
0022019-10-01
0022018-10-01
0022017-10-01
0022016-10-01

Plan Statistics for ROSS & SONS CASH BALANCE PLAN

401k plan membership statisitcs for ROSS & SONS CASH BALANCE PLAN

Measure Date Value
2021: ROSS & SONS CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-09-302,576,849
Acturial value of plan assets2021-09-302,576,849
Funding target for retired participants and beneficiaries receiving payment2021-09-300
Number of terminated vested participants2021-09-3026
Fundng target for terminated vested participants2021-09-3030,564
Active participant vested funding target2021-09-302,069,628
Number of active participants2021-09-3094
Total funding liabilities for active participants2021-09-302,069,628
Total participant count2021-09-30120
Total funding target for all participants2021-09-302,100,192
Balance at beginning of prior year after applicable adjustments2021-09-300
Prefunding balance at beginning of prior year after applicable adjustments2021-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2021-09-300
Prefunding balanced used to offset prior years funding requirement2021-09-300
Amount remaining of carryover balance2021-09-300
Amount remaining of prefunding balance2021-09-300
Present value of excess contributions2021-09-30259,227
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-09-30259,227
Reductions in caryover balances due to elections or deemed elections2021-09-300
Reductions in prefunding balances due to elections or deemed elections2021-09-300
Balance of carryovers at beginning of current year2021-09-300
Balance of prefunding at beginning of current year2021-09-300
Total employer contributions2021-09-30133,196
Total employee contributions2021-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-09-300
Contributions made to avoid restrictions adjusted to valuation date2021-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-09-30128,908
Unpaid minimum required contributions for all prior years2021-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-09-300
Remaining amount of unpaid minimum required contributions2021-09-300
Minimum required contributions for current year target normal cost2021-09-30600,091
Net shortfall amortization installment of oustanding balance2021-09-300
Waiver amortization installment2021-09-300
Total funding amount beforereflecting carryover/prefunding balances2021-09-30128,264
Carryover balance elected to use to offset funding requirement2021-09-300
Prefunding balance elected to use to offset funding requirement2021-09-300
Additional cash requirement2021-09-30128,264
Contributions allocatedtoward minimum required contributions for current year2021-09-30128,908
Unpaid minimum required contributions for current year2021-09-300
Unpaid minimum required contributions for all years2021-09-300
2020: ROSS & SONS CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-09-301,482,946
Acturial value of plan assets2020-09-301,482,946
Funding target for retired participants and beneficiaries receiving payment2020-09-300
Number of terminated vested participants2020-09-3014
Fundng target for terminated vested participants2020-09-3014,562
Active participant vested funding target2020-09-301,504,206
Number of active participants2020-09-3083
Total funding liabilities for active participants2020-09-301,507,404
Total participant count2020-09-3097
Total funding target for all participants2020-09-301,521,966
Balance at beginning of prior year after applicable adjustments2020-09-300
Prefunding balance at beginning of prior year after applicable adjustments2020-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2020-09-300
Prefunding balanced used to offset prior years funding requirement2020-09-300
Amount remaining of carryover balance2020-09-300
Amount remaining of prefunding balance2020-09-300
Present value of excess contributions2020-09-302,092
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-09-302,092
Reductions in caryover balances due to elections or deemed elections2020-09-300
Reductions in prefunding balances due to elections or deemed elections2020-09-300
Balance of carryovers at beginning of current year2020-09-300
Balance of prefunding at beginning of current year2020-09-300
Total employer contributions2020-09-30805,957
Total employee contributions2020-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-09-300
Contributions made to avoid restrictions adjusted to valuation date2020-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-09-30775,345
Unpaid minimum required contributions for all prior years2020-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-09-300
Remaining amount of unpaid minimum required contributions2020-09-300
Minimum required contributions for current year target normal cost2020-09-30509,048
Net shortfall amortization installment of oustanding balance2020-09-3039,020
Waiver amortization installment2020-09-300
Total funding amount beforereflecting carryover/prefunding balances2020-09-30516,118
Additional cash requirement2020-09-30516,118
Contributions allocatedtoward minimum required contributions for current year2020-09-30775,345
Unpaid minimum required contributions for current year2020-09-300
Unpaid minimum required contributions for all years2020-09-300
2019: ROSS & SONS CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-09-30914,522
Acturial value of plan assets2019-09-30914,522
Funding target for retired participants and beneficiaries receiving payment2019-09-300
Number of terminated vested participants2019-09-300
Fundng target for terminated vested participants2019-09-300
Active participant vested funding target2019-09-30951,183
Number of active participants2019-09-3080
Total funding liabilities for active participants2019-09-30952,122
Total participant count2019-09-3080
Total funding target for all participants2019-09-30952,122
Balance at beginning of prior year after applicable adjustments2019-09-300
Prefunding balance at beginning of prior year after applicable adjustments2019-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2019-09-300
Prefunding balanced used to offset prior years funding requirement2019-09-300
Amount remaining of carryover balance2019-09-300
Amount remaining of prefunding balance2019-09-300
Present value of excess contributions2019-09-301,842
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-09-301,842
Balance of carryovers at beginning of current year2019-09-300
Balance of prefunding at beginning of current year2019-09-300
Total employer contributions2019-09-30485,476
Total employee contributions2019-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-09-300
Contributions made to avoid restrictions adjusted to valuation date2019-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-09-30468,535
Unpaid minimum required contributions for all prior years2019-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-09-300
Remaining amount of unpaid minimum required contributions2019-09-300
Minimum required contributions for current year target normal cost2019-09-30460,305
Net shortfall amortization installment of oustanding balance2019-09-3037,600
Total funding amount beforereflecting carryover/prefunding balances2019-09-30466,443
Additional cash requirement2019-09-30466,443
Contributions allocatedtoward minimum required contributions for current year2019-09-30468,535
Unpaid minimum required contributions for current year2019-09-300
Unpaid minimum required contributions for all years2019-09-300
2018: ROSS & SONS CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-09-30449,749
Acturial value of plan assets2018-09-30449,749
Funding target for retired participants and beneficiaries receiving payment2018-09-300
Number of terminated vested participants2018-09-300
Fundng target for terminated vested participants2018-09-300
Active participant vested funding target2018-09-300
Number of active participants2018-09-3062
Total funding liabilities for active participants2018-09-30417,339
Total participant count2018-09-3062
Total funding target for all participants2018-09-30417,339
Balance at beginning of prior year after applicable adjustments2018-09-300
Prefunding balance at beginning of prior year after applicable adjustments2018-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2018-09-300
Prefunding balanced used to offset prior years funding requirement2018-09-300
Amount remaining of carryover balance2018-09-300
Amount remaining of prefunding balance2018-09-300
Present value of excess contributions2018-09-3054,356
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-09-3054,356
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-09-300
Reductions in caryover balances due to elections or deemed elections2018-09-300
Reductions in prefunding balances due to elections or deemed elections2018-09-300
Balance of carryovers at beginning of current year2018-09-300
Balance of prefunding at beginning of current year2018-09-300
Total employer contributions2018-09-30434,036
Total employee contributions2018-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-09-300
Contributions made to avoid restrictions adjusted to valuation date2018-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-09-30418,250
Unpaid minimum required contributions for all prior years2018-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-09-300
Remaining amount of unpaid minimum required contributions2018-09-300
Minimum required contributions for current year target normal cost2018-09-30448,818
Net shortfall amortization installment of oustanding balance2018-09-300
Waiver amortization installment2018-09-300
Total funding amount beforereflecting carryover/prefunding balances2018-09-30416,408
Carryover balance elected to use to offset funding requirement2018-09-300
Prefunding balance elected to use to offset funding requirement2018-09-300
Additional cash requirement2018-09-30416,408
Contributions allocatedtoward minimum required contributions for current year2018-09-30418,250
Unpaid minimum required contributions for current year2018-09-300
Unpaid minimum required contributions for all years2018-09-300
2017: ROSS & SONS CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-09-300
Acturial value of plan assets2017-09-300
Funding target for retired participants and beneficiaries receiving payment2017-09-300
Number of terminated vested participants2017-09-300
Fundng target for terminated vested participants2017-09-300
Active participant vested funding target2017-09-300
Number of active participants2017-09-3055
Total funding liabilities for active participants2017-09-300
Total participant count2017-09-3055
Total funding target for all participants2017-09-300
Balance at beginning of prior year after applicable adjustments2017-09-300
Prefunding balance at beginning of prior year after applicable adjustments2017-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2017-09-300
Prefunding balanced used to offset prior years funding requirement2017-09-300
Amount remaining of carryover balance2017-09-300
Amount remaining of prefunding balance2017-09-300
Present value of excess contributions2017-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-09-300
Reductions in caryover balances due to elections or deemed elections2017-09-300
Reductions in prefunding balances due to elections or deemed elections2017-09-300
Balance of carryovers at beginning of current year2017-09-300
Balance of prefunding at beginning of current year2017-09-300
Total employer contributions2017-09-30442,752
Total employee contributions2017-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-09-300
Contributions made to avoid restrictions adjusted to valuation date2017-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-09-30425,321
Unpaid minimum required contributions for all prior years2017-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-09-300
Remaining amount of unpaid minimum required contributions2017-09-300
Minimum required contributions for current year target normal cost2017-09-30370,965
Net shortfall amortization installment of oustanding balance2017-09-300
Waiver amortization installment2017-09-300
Total funding amount beforereflecting carryover/prefunding balances2017-09-30370,965
Additional cash requirement2017-09-30370,965
Contributions allocatedtoward minimum required contributions for current year2017-09-30425,321
Unpaid minimum required contributions for current year2017-09-300
Unpaid minimum required contributions for all years2017-09-300

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