Logo

PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 401k Plan overview

Plan NamePRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN
Plan identification number 002

PRESTIGE TECHNOLOGIES, INC. 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).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

PRESTIGE TECHNOLOGIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:PRESTIGE TECHNOLOGIES, INC.
Employer identification number (EIN):541894634
NAIC Classification:541511
NAIC Description:Custom Computer Programming Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01KENNETH GREEN
0022013-01-01KENNETH GREEN
0022012-01-01KENNETH GREEN
0022011-01-01KENNETH GREEN

Plan Statistics for PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN

401k plan membership statisitcs for PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN

Measure Date Value
2019: PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31153,641
Acturial value of plan assets2019-12-31153,641
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-312
Fundng target for terminated vested participants2019-12-311,835
Active participant vested funding target2019-12-31665,034
Number of active participants2019-12-318
Total funding liabilities for active participants2019-12-31665,034
Total participant count2019-12-3110
Total funding target for all participants2019-12-31666,869
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 contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-310
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 date2019-12-310
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
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 cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-31513,228
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3193,026
Additional cash requirement2019-12-3193,026
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-3193,026
Unpaid minimum required contributions for all years2019-12-3193,026
2017: PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31155,980
Acturial value of plan assets2017-12-31155,980
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-311,459
Active participant vested funding target2017-12-31536,813
Number of active participants2017-12-316
Total funding liabilities for active participants2017-12-31536,813
Total participant count2017-12-318
Total funding target for all participants2017-12-31538,272
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-310
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-310
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-31382,292
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3178,782
Additional cash requirement2017-12-3178,782
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-3178,782
Unpaid minimum required contributions for all years2017-12-3178,782
Total participants, beginning-of-year2017-01-014
Total number of active participants reported on line 7a of the Form 55002017-01-014
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31158,614
Acturial value of plan assets2016-12-31158,614
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-312
Fundng target for terminated vested participants2016-12-311,301
Active participant vested funding target2016-12-31496,337
Number of active participants2016-12-316
Total funding liabilities for active participants2016-12-31496,337
Total participant count2016-12-318
Total funding target for all participants2016-12-31497,638
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-310
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-310
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-31339,024
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-3163,882
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-019
Total number of active participants reported on line 7a of the Form 55002016-01-014
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-019
Total number of active participants reported on line 7a of the Form 55002015-01-014
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-015
Total of all active and inactive participants2015-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-017
Total number of active participants reported on line 7a of the Form 55002014-01-014
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-015
Total of all active and inactive participants2014-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-019
2013: PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-012
Total number of active participants reported on line 7a of the Form 55002013-01-016
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-011
Total of all active and inactive participants2013-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-017
2012: PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-012
Total number of active participants reported on line 7a of the Form 55002012-01-012
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-012
2011: PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-012
Total number of active participants reported on line 7a of the Form 55002011-01-012
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-012

Financial Data on PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN

Measure Date Value
2017 : PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2017 401k financial data
Total income from all sources2017-12-31$5,624
Expenses. Total of all expenses incurred2017-12-31$0
Total plan assets at end of year2017-12-31$160,929
Total plan assets at beginning of year2017-12-31$155,305
Other income received2017-12-31$5,624
Net income (gross income less expenses)2017-12-31$5,624
Net plan assets at end of year (total assets less liabilities)2017-12-31$160,929
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$155,305
2016 : PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2016 401k financial data
Total income from all sources2016-12-31$-3,309
Expenses. Total of all expenses incurred2016-12-31$0
Total plan assets at end of year2016-12-31$155,305
Total plan assets at beginning of year2016-12-31$158,614
Other income received2016-12-31$-3,309
Net income (gross income less expenses)2016-12-31$-3,309
Net plan assets at end of year (total assets less liabilities)2016-12-31$155,305
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$158,614
2015 : PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2015 401k financial data
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$-9,518
Expenses. Total of all expenses incurred2015-12-31$2,688
Total plan assets at end of year2015-12-31$158,614
Total plan assets at beginning of year2015-12-31$170,820
Other income received2015-12-31$-9,518
Net income (gross income less expenses)2015-12-31$-12,206
Net plan assets at end of year (total assets less liabilities)2015-12-31$158,614
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$170,820
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$2,688
2014 : PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$-4,308
Expenses. Total of all expenses incurred2014-12-31$2,760
Total plan assets at end of year2014-12-31$170,820
Total plan assets at beginning of year2014-12-31$177,888
Other income received2014-12-31$-4,308
Net income (gross income less expenses)2014-12-31$-7,068
Net plan assets at end of year (total assets less liabilities)2014-12-31$170,820
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$177,888
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$2,760
2013 : PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$10,308
Expenses. Total of all expenses incurred2013-12-31$2,045
Total plan assets at end of year2013-12-31$177,888
Total plan assets at beginning of year2013-12-31$169,625
Other income received2013-12-31$10,308
Net income (gross income less expenses)2013-12-31$8,263
Net plan assets at end of year (total assets less liabilities)2013-12-31$177,888
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$169,625
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$2,045
2012 : PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2012 401k financial data
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$60,104
Expenses. Total of all expenses incurred2012-12-31$479
Total plan assets at end of year2012-12-31$169,625
Total plan assets at beginning of year2012-12-31$110,000
Other income received2012-12-31$32
Net income (gross income less expenses)2012-12-31$59,625
Net plan assets at end of year (total assets less liabilities)2012-12-31$169,625
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$110,000
Total contributions received or receivable from employer(s)2012-12-31$60,072
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$479
2011 : PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2011 401k financial data
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$110,000
Expenses. Total of all expenses incurred2011-12-31$0
Total plan assets at end of year2011-12-31$110,000
Total plan assets at beginning of year2011-12-31$0
Net income (gross income less expenses)2011-12-31$110,000
Net plan assets at end of year (total assets less liabilities)2011-12-31$110,000
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$0
Total contributions received or receivable from employer(s)2011-12-31$110,000

Form 5500 Responses for PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN

2017: PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PRESTIGE TECHNOLOGIES, INC. CASH BALANCE PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01First time form 5500 has been submittedYes
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
US 401k Lookup     VAT Lookup