401k Plan data: WAVE GROUP SOUND CASH BALANCE PLAN plan

WAVE GROUP SOUND CASH BALANCE PLAN 401k Plan overview

Plan Name	WAVE GROUP SOUND CASH BALANCE PLAN
Plan identification number	002

WAVE GROUP SOUND CASH BALANCE PLAN Benefits

401k Plan Type

Defined 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).
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

WAVE GROUP SOUND has sponsored the creation of one or more 401k plans.

Company Name: WAVE GROUP SOUND

Employer identification number (EIN): 680361958

NAIC Classification: 334310
NAIC Description: Audio and Video Equipment Manufacturing

Additional information about WAVE GROUP SOUND

Jurisdiction of Incorporation: California Department of State

Incorporation Date:

Company Identification Number: C1942566

More information about WAVE GROUP SOUND

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WAVE GROUP SOUND CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2019-07-01
002 2018-07-01
002 2017-07-01
002 2016-07-01
002 2015-07-01
002 2014-07-01
002 2013-07-01 WILLIAM LITTLEJOHN 2015-01-12

Plan Statistics for WAVE GROUP SOUND CASH BALANCE PLAN

401k plan membership statisitcs for WAVE GROUP SOUND CASH BALANCE PLAN

Measure Date Value
2018: WAVE GROUP SOUND CASH BALANCE PLAN 2018 401k membership
Market value of plan assets 2018-08-31 589,500
Acturial value of plan assets 2018-08-31 589,500
Funding target for retired participants and beneficiaries receiving payment 2018-08-31 0
Number of terminated vested participants 2018-08-31 4
Fundng target for terminated vested participants 2018-08-31 6,855
Active participant vested funding target 2018-08-31 496,020
Number of active participants 2018-08-31 2
Total funding liabilities for active participants 2018-08-31 496,020
Total participant count 2018-08-31 6
Total funding target for all participants 2018-08-31 502,875
Balance at beginning of prior year after applicable adjustments 2018-08-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-08-31 38,203
Carryover balanced portion elected for use to offset prior years funding requirement 2018-08-31 0
Prefunding balanced used to offset prior years funding requirement 2018-08-31 0
Amount remaining of carryover balance 2018-08-31 0
Amount remaining of prefunding balance 2018-08-31 38,203
Present value of excess contributions 2018-08-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-08-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-08-31 0
Reductions in caryover balances due to elections or deemed elections 2018-08-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-08-31 0
Balance of carryovers at beginning of current year 2018-08-31 0
Balance of prefunding at beginning of current year 2018-08-31 41,271
Total employer contributions 2018-08-31 0
Total employee contributions 2018-08-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-08-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-08-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-08-31 0
Unpaid minimum required contributions for all prior years 2018-08-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-08-31 0
Remaining amount of unpaid minimum required contributions 2018-08-31 0
Minimum required contributions for current year target normal cost 2018-08-31 0
Net shortfall amortization installment of oustanding balance 2018-08-31 0
Waiver amortization installment 2018-08-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-08-31 0
Carryover balance elected to use to offset funding requirement 2018-08-31 0
Prefunding balance elected to use to offset funding requirement 2018-08-31 0
Additional cash requirement 2018-08-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-08-31 0
Unpaid minimum required contributions for current year 2018-08-31 0
Unpaid minimum required contributions for all years 2018-08-31 0
Market value of plan assets 2018-06-30 568,088
Acturial value of plan assets 2018-06-30 568,088
Funding target for retired participants and beneficiaries receiving payment 2018-06-30 0
Number of terminated vested participants 2018-06-30 4
Fundng target for terminated vested participants 2018-06-30 6,480
Active participant vested funding target 2018-06-30 498,854
Number of active participants 2018-06-30 2
Total funding liabilities for active participants 2018-06-30 498,854
Total participant count 2018-06-30 6
Total funding target for all participants 2018-06-30 505,334
Balance at beginning of prior year after applicable adjustments 2018-06-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-06-30 34,125
Carryover balanced portion elected for use to offset prior years funding requirement 2018-06-30 0
Prefunding balanced used to offset prior years funding requirement 2018-06-30 0
Amount remaining of carryover balance 2018-06-30 0
Amount remaining of prefunding balance 2018-06-30 34,125
Present value of excess contributions 2018-06-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-06-30 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-06-30 0
Reductions in caryover balances due to elections or deemed elections 2018-06-30 0
Reductions in prefunding balances due to elections or deemed elections 2018-06-30 0
Balance of carryovers at beginning of current year 2018-06-30 0
Balance of prefunding at beginning of current year 2018-06-30 38,203
Total employer contributions 2018-06-30 0
Total employee contributions 2018-06-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-06-30 0
Contributions made to avoid restrictions adjusted to valuation date 2018-06-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-06-30 0
Unpaid minimum required contributions for all prior years 2018-06-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-06-30 0
Remaining amount of unpaid minimum required contributions 2018-06-30 0
Minimum required contributions for current year target normal cost 2018-06-30 0
Net shortfall amortization installment of oustanding balance 2018-06-30 0
Waiver amortization installment 2018-06-30 0
Total funding amount beforereflecting carryover/prefunding balances 2018-06-30 0
Carryover balance elected to use to offset funding requirement 2018-06-30 0
Prefunding balance elected to use to offset funding requirement 2018-06-30 0
Additional cash requirement 2018-06-30 0
Contributions allocatedtoward minimum required contributions for current year 2018-06-30 0
Unpaid minimum required contributions for current year 2018-06-30 0
Unpaid minimum required contributions for all years 2018-06-30 0
2017: WAVE GROUP SOUND CASH BALANCE PLAN 2017 401k membership
Market value of plan assets 2017-06-30 525,863
Acturial value of plan assets 2017-06-30 525,863
Funding target for retired participants and beneficiaries receiving payment 2017-06-30 0
Number of terminated vested participants 2017-06-30 4
Fundng target for terminated vested participants 2017-06-30 5,753
Active participant vested funding target 2017-06-30 448,770
Number of active participants 2017-06-30 2
Total funding liabilities for active participants 2017-06-30 448,770
Total participant count 2017-06-30 6
Total funding target for all participants 2017-06-30 454,523
Balance at beginning of prior year after applicable adjustments 2017-06-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-06-30 33,992
Carryover balanced portion elected for use to offset prior years funding requirement 2017-06-30 0
Prefunding balanced used to offset prior years funding requirement 2017-06-30 0
Amount remaining of carryover balance 2017-06-30 0
Amount remaining of prefunding balance 2017-06-30 33,992
Present value of excess contributions 2017-06-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-06-30 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-06-30 0
Reductions in caryover balances due to elections or deemed elections 2017-06-30 0
Reductions in prefunding balances due to elections or deemed elections 2017-06-30 0
Balance of carryovers at beginning of current year 2017-06-30 0
Balance of prefunding at beginning of current year 2017-06-30 34,125
Total employer contributions 2017-06-30 0
Total employee contributions 2017-06-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-06-30 0
Contributions made to avoid restrictions adjusted to valuation date 2017-06-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-06-30 0
Unpaid minimum required contributions for all prior years 2017-06-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-06-30 0
Remaining amount of unpaid minimum required contributions 2017-06-30 0
Minimum required contributions for current year target normal cost 2017-06-30 0
Net shortfall amortization installment of oustanding balance 2017-06-30 0
Waiver amortization installment 2017-06-30 0
Total funding amount beforereflecting carryover/prefunding balances 2017-06-30 0
Carryover balance elected to use to offset funding requirement 2017-06-30 0
Prefunding balance elected to use to offset funding requirement 2017-06-30 0
Additional cash requirement 2017-06-30 0
Contributions allocatedtoward minimum required contributions for current year 2017-06-30 0
Unpaid minimum required contributions for current year 2017-06-30 0
Unpaid minimum required contributions for all years 2017-06-30 0

Measure	Date	Value
2018: WAVE GROUP SOUND CASH BALANCE PLAN 2018 401k membership
Market value of plan assets	2018-08-31	589,500
Acturial value of plan assets	2018-08-31	589,500
Funding target for retired participants and beneficiaries receiving payment	2018-08-31	0
Number of terminated vested participants	2018-08-31	4
Fundng target for terminated vested participants	2018-08-31	6,855
Active participant vested funding target	2018-08-31	496,020
Number of active participants	2018-08-31	2
Total funding liabilities for active participants	2018-08-31	496,020
Total participant count	2018-08-31	6
Total funding target for all participants	2018-08-31	502,875
Balance at beginning of prior year after applicable adjustments	2018-08-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-08-31	38,203
Carryover balanced portion elected for use to offset prior years funding requirement	2018-08-31	0
Prefunding balanced used to offset prior years funding requirement	2018-08-31	0
Amount remaining of carryover balance	2018-08-31	0
Amount remaining of prefunding balance	2018-08-31	38,203
Present value of excess contributions	2018-08-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-08-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-08-31	0
Reductions in caryover balances due to elections or deemed elections	2018-08-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-08-31	0
Balance of carryovers at beginning of current year	2018-08-31	0
Balance of prefunding at beginning of current year	2018-08-31	41,271
Total employer contributions	2018-08-31	0
Total employee contributions	2018-08-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-08-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-08-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-08-31	0
Unpaid minimum required contributions for all prior years	2018-08-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-08-31	0
Remaining amount of unpaid minimum required contributions	2018-08-31	0
Minimum required contributions for current year target normal cost	2018-08-31	0
Net shortfall amortization installment of oustanding balance	2018-08-31	0
Waiver amortization installment	2018-08-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-08-31	0
Carryover balance elected to use to offset funding requirement	2018-08-31	0
Prefunding balance elected to use to offset funding requirement	2018-08-31	0
Additional cash requirement	2018-08-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-08-31	0
Unpaid minimum required contributions for current year	2018-08-31	0
Unpaid minimum required contributions for all years	2018-08-31	0
Market value of plan assets	2018-06-30	568,088
Acturial value of plan assets	2018-06-30	568,088
Funding target for retired participants and beneficiaries receiving payment	2018-06-30	0
Number of terminated vested participants	2018-06-30	4
Fundng target for terminated vested participants	2018-06-30	6,480
Active participant vested funding target	2018-06-30	498,854
Number of active participants	2018-06-30	2
Total funding liabilities for active participants	2018-06-30	498,854
Total participant count	2018-06-30	6
Total funding target for all participants	2018-06-30	505,334
Balance at beginning of prior year after applicable adjustments	2018-06-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-06-30	34,125
Carryover balanced portion elected for use to offset prior years funding requirement	2018-06-30	0
Prefunding balanced used to offset prior years funding requirement	2018-06-30	0
Amount remaining of carryover balance	2018-06-30	0
Amount remaining of prefunding balance	2018-06-30	34,125
Present value of excess contributions	2018-06-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-06-30	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-06-30	0
Reductions in caryover balances due to elections or deemed elections	2018-06-30	0
Reductions in prefunding balances due to elections or deemed elections	2018-06-30	0
Balance of carryovers at beginning of current year	2018-06-30	0
Balance of prefunding at beginning of current year	2018-06-30	38,203
Total employer contributions	2018-06-30	0
Total employee contributions	2018-06-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-06-30	0
Contributions made to avoid restrictions adjusted to valuation date	2018-06-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-06-30	0
Unpaid minimum required contributions for all prior years	2018-06-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-06-30	0
Remaining amount of unpaid minimum required contributions	2018-06-30	0
Minimum required contributions for current year target normal cost	2018-06-30	0
Net shortfall amortization installment of oustanding balance	2018-06-30	0
Waiver amortization installment	2018-06-30	0
Total funding amount beforereflecting carryover/prefunding balances	2018-06-30	0
Carryover balance elected to use to offset funding requirement	2018-06-30	0
Prefunding balance elected to use to offset funding requirement	2018-06-30	0
Additional cash requirement	2018-06-30	0
Contributions allocatedtoward minimum required contributions for current year	2018-06-30	0
Unpaid minimum required contributions for current year	2018-06-30	0
Unpaid minimum required contributions for all years	2018-06-30	0
2017: WAVE GROUP SOUND CASH BALANCE PLAN 2017 401k membership
Market value of plan assets	2017-06-30	525,863
Acturial value of plan assets	2017-06-30	525,863
Funding target for retired participants and beneficiaries receiving payment	2017-06-30	0
Number of terminated vested participants	2017-06-30	4
Fundng target for terminated vested participants	2017-06-30	5,753
Active participant vested funding target	2017-06-30	448,770
Number of active participants	2017-06-30	2
Total funding liabilities for active participants	2017-06-30	448,770
Total participant count	2017-06-30	6
Total funding target for all participants	2017-06-30	454,523
Balance at beginning of prior year after applicable adjustments	2017-06-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-06-30	33,992
Carryover balanced portion elected for use to offset prior years funding requirement	2017-06-30	0
Prefunding balanced used to offset prior years funding requirement	2017-06-30	0
Amount remaining of carryover balance	2017-06-30	0
Amount remaining of prefunding balance	2017-06-30	33,992
Present value of excess contributions	2017-06-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-06-30	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-06-30	0
Reductions in caryover balances due to elections or deemed elections	2017-06-30	0
Reductions in prefunding balances due to elections or deemed elections	2017-06-30	0
Balance of carryovers at beginning of current year	2017-06-30	0
Balance of prefunding at beginning of current year	2017-06-30	34,125
Total employer contributions	2017-06-30	0
Total employee contributions	2017-06-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-06-30	0
Contributions made to avoid restrictions adjusted to valuation date	2017-06-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-06-30	0
Unpaid minimum required contributions for all prior years	2017-06-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-06-30	0
Remaining amount of unpaid minimum required contributions	2017-06-30	0
Minimum required contributions for current year target normal cost	2017-06-30	0
Net shortfall amortization installment of oustanding balance	2017-06-30	0
Waiver amortization installment	2017-06-30	0
Total funding amount beforereflecting carryover/prefunding balances	2017-06-30	0
Carryover balance elected to use to offset funding requirement	2017-06-30	0
Prefunding balance elected to use to offset funding requirement	2017-06-30	0
Additional cash requirement	2017-06-30	0
Contributions allocatedtoward minimum required contributions for current year	2017-06-30	0
Unpaid minimum required contributions for current year	2017-06-30	0
Unpaid minimum required contributions for all years	2017-06-30	0

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Company Name:	WAVE GROUP SOUND
Employer identification number (EIN):	680361958
NAIC Classification:	334310
NAIC Description:	Audio and Video Equipment Manufacturing

Jurisdiction of Incorporation:	California Department of State
Incorporation Date:
Company Identification Number:	C1942566

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2019-07-01
002	2018-07-01
002	2017-07-01
002	2016-07-01
002	2015-07-01
002	2014-07-01
002	2013-07-01	WILLIAM LITTLEJOHN	2015-01-12