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Plan Name | HOPE AVIATION INSURANCE, INC. CASH BALANCE PENSION PLAN |
Plan identification number | 001 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
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Company Name: | HOPE AVIATION INSURANCE, INC. |
Employer identification number (EIN): | 570847025 |
NAIC Classification: | 524210 |
NAIC Description: | Insurance Agencies and Brokerages |
Additional information about HOPE AVIATION INSURANCE, INC.
Jurisdiction of Incorporation: | Florida Department of State Division of Corporations |
Incorporation Date: | 2015-07-21 |
Company Identification Number: | P15000061885 |
Legal Registered Office Address: |
5647 110TH AVENUE, NORTH ROYAL PALM BEACH 33411 |
More information about HOPE AVIATION INSURANCE, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
001 | 2018-01-01 | ||||
001 | 2017-01-01 | MARION HOPE | 2018-05-31 | ||
001 | 2016-01-01 | MARION HOPE | 2017-07-25 | ||
001 | 2015-01-01 | MARION HOPE | 2016-05-31 | ||
001 | 2014-01-01 | MARION HOPE | 2015-09-18 |
Measure | Date | Value |
---|---|---|
2018: HOPE AVIATION INSURANCE, INC. CASH BALANCE PENSION PLAN 2018 401k membership | ||
Market value of plan assets | 2018-10-31 | 919,085 |
Acturial value of plan assets | 2018-10-31 | 919,085 |
Funding target for retired participants and beneficiaries receiving payment | 2018-10-31 | 0 |
Number of terminated vested participants | 2018-10-31 | 10 |
Fundng target for terminated vested participants | 2018-10-31 | 819,811 |
Active participant vested funding target | 2018-10-31 | 0 |
Number of active participants | 2018-10-31 | 0 |
Total funding liabilities for active participants | 2018-10-31 | 0 |
Total participant count | 2018-10-31 | 10 |
Total funding target for all participants | 2018-10-31 | 819,811 |
Balance at beginning of prior year after applicable adjustments | 2018-10-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2018-10-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2018-10-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2018-10-31 | 0 |
Amount remaining of carryover balance | 2018-10-31 | 0 |
Amount remaining of prefunding balance | 2018-10-31 | 0 |
Present value of excess contributions | 2018-10-31 | 243,868 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-10-31 | 255,915 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-10-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2018-10-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2018-10-31 | 0 |
Balance of carryovers at beginning of current year | 2018-10-31 | 0 |
Balance of prefunding at beginning of current year | 2018-10-31 | 0 |
Total employer contributions | 2018-10-31 | 0 |
Total employee contributions | 2018-10-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2018-10-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2018-10-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-10-31 | 0 |
Unpaid minimum required contributions for all prior years | 2018-10-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-10-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2018-10-31 | 0 |
Minimum required contributions for current year target normal cost | 2018-10-31 | 0 |
Net shortfall amortization installment of oustanding balance | 2018-10-31 | 0 |
Waiver amortization installment | 2018-10-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2018-10-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2018-10-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2018-10-31 | 0 |
Additional cash requirement | 2018-10-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2018-10-31 | 0 |
Unpaid minimum required contributions for current year | 2018-10-31 | 0 |
Unpaid minimum required contributions for all years | 2018-10-31 | 0 |
2017: HOPE AVIATION INSURANCE, INC. CASH BALANCE PENSION PLAN 2017 401k membership | ||
Market value of plan assets | 2017-12-31 | 442,618 |
Acturial value of plan assets | 2017-12-31 | 442,618 |
Funding target for retired participants and beneficiaries receiving payment | 2017-12-31 | 0 |
Number of terminated vested participants | 2017-12-31 | 1 |
Fundng target for terminated vested participants | 2017-12-31 | 1,319 |
Active participant vested funding target | 2017-12-31 | 462,806 |
Number of active participants | 2017-12-31 | 10 |
Total funding liabilities for active participants | 2017-12-31 | 464,519 |
Total participant count | 2017-12-31 | 11 |
Total funding target for all participants | 2017-12-31 | 465,838 |
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 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2017-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 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 | 31,633 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-12-31 | 33,588 |
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 | 411,222 |
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 | 392,472 |
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 | 144,791 |
Net shortfall amortization installment of oustanding balance | 2017-12-31 | 23,220 |
Waiver amortization installment | 2017-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2017-12-31 | 148,604 |
Carryover balance elected to use to offset funding requirement | 2017-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2017-12-31 | 0 |
Additional cash requirement | 2017-12-31 | 148,604 |
Contributions allocatedtoward minimum required contributions for current year | 2017-12-31 | 392,472 |
Unpaid minimum required contributions for current year | 2017-12-31 | 0 |
Unpaid minimum required contributions for all years | 2017-12-31 | 0 |
2016: HOPE AVIATION INSURANCE, INC. CASH BALANCE PENSION PLAN 2016 401k membership | ||
Market value of plan assets | 2016-12-31 | 312,359 |
Acturial value of plan assets | 2016-12-31 | 312,359 |
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 | 243,342 |
Number of active participants | 2016-12-31 | 12 |
Total funding liabilities for active participants | 2016-12-31 | 243,342 |
Total participant count | 2016-12-31 | 12 |
Total funding target for all participants | 2016-12-31 | 243,342 |
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 | 2,223 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2016-12-31 | 2,348 |
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 | 105,000 |
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 | 99,872 |
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 | 137,256 |
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 | 68,239 |
Carryover balance elected to use to offset funding requirement | 2016-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2016-12-31 | 0 |
Additional cash requirement | 2016-12-31 | 68,239 |
Contributions allocatedtoward minimum required contributions for current year | 2016-12-31 | 99,872 |
Unpaid minimum required contributions for current year | 2016-12-31 | 0 |
Unpaid minimum required contributions for all years | 2016-12-31 | 0 |