401k Plan data: HORNE BROTHERS CONSTRUCTION, INC. CASH BALANCE PENSION PLAN plan

HORNE BROTHERS CONSTRUCTION, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan Name	HORNE BROTHERS CONSTRUCTION, INC. CASH BALANCE PENSION PLAN
Plan identification number	002

HORNE BROTHERS CONSTRUCTION, INC. CASH BALANCE PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

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

HORNE BROS. CONSTRUCTION, INC. has sponsored the creation of one or more 401k plans.

Company Name: HORNE BROS. CONSTRUCTION, INC.

Employer identification number (EIN): 561902314

NAIC Classification: 238900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HORNE BROTHERS CONSTRUCTION, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2017-01-01 CHARLES E. HORNE 2019-01-31
002 2016-01-01
002 2015-01-01

Plan Statistics for HORNE BROTHERS CONSTRUCTION, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for HORNE BROTHERS CONSTRUCTION, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2017: HORNE BROTHERS CONSTRUCTION, INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 3,700,409
Acturial value of plan assets 2017-12-31 3,700,409
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 4
Fundng target for terminated vested participants 2017-12-31 28,735
Active participant vested funding target 2017-12-31 3,301,227
Number of active participants 2017-12-31 227
Total funding liabilities for active participants 2017-12-31 3,360,532
Total participant count 2017-12-31 231
Total funding target for all participants 2017-12-31 3,389,267
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 2017-12-31 301,858
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 318,943
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 2017-12-31 738,974
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 2017-12-31 684,156
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 2017-12-31 747,484
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 436,342
Additional cash requirement 2017-12-31 436,342
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 684,156
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
Total participants, beginning-of-year 2017-01-01 159
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 210
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 16
Total of all active and inactive participants 2017-01-01 226
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 226
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 18
2016: HORNE BROTHERS CONSTRUCTION, INC. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 2,931,783
Acturial value of plan assets 2016-12-31 2,931,783
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 0
Fundng target for terminated vested participants 2016-12-31 0
Active participant vested funding target 2016-12-31 2,440,651
Number of active participants 2016-12-31 128
Total funding liabilities for active participants 2016-12-31 2,503,559
Total participant count 2016-12-31 128
Total funding target for all participants 2016-12-31 2,503,559
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 1,987,123
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 2,108,338
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 2016-12-31 741,994
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 2016-12-31 676,023
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 2016-12-31 802,389
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Waived amount of outstanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 374,165
Additional cash requirement 2016-12-31 374,165
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 676,023
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
2017: HORNE BROTHERS CONSTRUCTION, INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	3,700,409
Acturial value of plan assets	2017-12-31	3,700,409
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	4
Fundng target for terminated vested participants	2017-12-31	28,735
Active participant vested funding target	2017-12-31	3,301,227
Number of active participants	2017-12-31	227
Total funding liabilities for active participants	2017-12-31	3,360,532
Total participant count	2017-12-31	231
Total funding target for all participants	2017-12-31	3,389,267
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	301,858
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	318,943
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	738,974
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	684,156
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	747,484
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	436,342
Additional cash requirement	2017-12-31	436,342
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	684,156
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
Total participants, beginning-of-year	2017-01-01	159
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	210
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	16
Total of all active and inactive participants	2017-01-01	226
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	226
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	18
2016: HORNE BROTHERS CONSTRUCTION, INC. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	2,931,783
Acturial value of plan assets	2016-12-31	2,931,783
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	0
Fundng target for terminated vested participants	2016-12-31	0
Active participant vested funding target	2016-12-31	2,440,651
Number of active participants	2016-12-31	128
Total funding liabilities for active participants	2016-12-31	2,503,559
Total participant count	2016-12-31	128
Total funding target for all participants	2016-12-31	2,503,559
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	1,987,123
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	2,108,338
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	741,994
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	676,023
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	802,389
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	374,165
Additional cash requirement	2016-12-31	374,165
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	676,023
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

Financial Data on HORNE BROTHERS CONSTRUCTION, INC. CASH BALANCE PENSION PLAN

Measure	Date	Value
2017 : HORNE BROTHERS CONSTRUCTION, INC. CASH BALANCE PENSION PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets	2017-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total income from all sources (including contributions)	2017-12-31	$872,282
Total loss/gain on sale of assets	2017-12-31	$56,669
Total of all expenses incurred	2017-12-31	$38,026
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$38,001
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$738,974
Value of total assets at end of year	2017-12-31	$4,544,450
Value of total assets at beginning of year	2017-12-31	$3,710,194
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$25
Total interest from all sources	2017-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$76,639
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Was this plan covered by a fidelity bond	2017-12-31	No
If this is an individual account plan, was there a blackout period	2017-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Assets. Other investments not covered elsewhere at end of year	2017-12-31	$163
Administrative expenses (other) incurred	2017-12-31	$25
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$834,256
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$4,544,450
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$3,710,194
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2017-12-31	$375,856
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2017-12-31	$583,963
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2017-12-31	$583,963
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Contributions received in cash from employer	2017-12-31	$738,974
Employer contributions (assets) at end of year	2017-12-31	$738,974
Employer contributions (assets) at beginning of year	2017-12-31	$741,994
Income. Dividends from common stock	2017-12-31	$76,639
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$38,001
Asset. Corporate debt instrument debt (other) at end of year	2017-12-31	$3,283,219
Asset. Corporate debt instrument debt (other) at beginning of year	2017-12-31	$2,236,859
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2017-12-31	No
Assets. Corporate common stocks other than exployer securities at end of year	2017-12-31	$146,238
Assets. Corporate common stocks other than exployer securities at beginning of year	2017-12-31	$147,378
Did the plan have assets held for investment	2017-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Aggregate proceeds on sale of assets	2017-12-31	$56,669

Form 5500 Responses for HORNE BROTHERS CONSTRUCTION, INC. CASH BALANCE PENSION PLAN

2017: HORNE BROTHERS CONSTRUCTION, INC. CASH BALANCE PENSION PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes

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HORNE BROTHERS COMMUNICATIONS EMPLOYEE SAVINGS AND RETIREMENT PLAN [EIN = 863529047]

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Company Name:	HORNE BROS. CONSTRUCTION, INC.
Employer identification number (EIN):	561902314
NAIC Classification:	238900

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2022-01-01
002	2017-01-01	CHARLES E. HORNE	2019-01-31
002	2016-01-01
002	2015-01-01