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| Plan Name | KOONTZ ELECTRIC COMPANY, INC. CASH BALANCE PLAN |
| Plan identification number | 003 |
| 401k Plan Type | Defined Benefit Pension |
| Plan Features/Benefits |
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| Company Name: | KOONTZ ELECTRIC COMPANY, INC. |
| Employer identification number (EIN): | 710397704 |
| NAIC Classification: | 238210 |
| NAIC Description: | Electrical Contractors and Other Wiring Installation Contractors |
Additional information about KOONTZ ELECTRIC COMPANY, INC.
| Jurisdiction of Incorporation: | Texas Secretary of State |
| Incorporation Date: | 1993-09-09 |
| Company Identification Number: | 0009688306 |
| Legal Registered Office Address: |
PO BOX 501 MORRILTON United States of America (USA) 72110 |
More information about KOONTZ ELECTRIC COMPANY, INC.
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|---|---|---|---|---|
| 003 | 2022-06-01 | MATT ZIMMERMAN | 2024-03-11 | ||
| 003 | 2021-06-01 | MATT ZIMMERMAN | 2022-12-21 | ||
| 003 | 2020-06-01 | MATT ZIMMERMAN | 2022-03-14 | ||
| 003 | 2019-06-01 | MATT ZIMMERMAN | 2021-03-12 | ||
| 003 | 2018-06-01 | MARK DAY | 2020-03-16 |
| Measure | Date | Value |
|---|---|---|
| 2023: KOONTZ ELECTRIC COMPANY, INC. CASH BALANCE PLAN 2023 401k membership | ||
| Market value of plan assets | 2023-05-31 | 667,111 |
| Acturial value of plan assets | 2023-05-31 | 667,111 |
| Funding target for retired participants and beneficiaries receiving payment | 2023-05-31 | 0 |
| Number of terminated vested participants | 2023-05-31 | 4 |
| Fundng target for terminated vested participants | 2023-05-31 | 461,219 |
| Active participant vested funding target | 2023-05-31 | 133,132 |
| Number of active participants | 2023-05-31 | 49 |
| Total funding liabilities for active participants | 2023-05-31 | 133,132 |
| Total participant count | 2023-05-31 | 53 |
| Total funding target for all participants | 2023-05-31 | 594,351 |
| Balance at beginning of prior year after applicable adjustments | 2023-05-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2023-05-31 | 0 |
| Amount remaining of carryover balance | 2023-05-31 | 0 |
| Amount remaining of prefunding balance | 2023-05-31 | 0 |
| Present value of excess contributions | 2023-05-31 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2023-05-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2023-05-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2023-05-31 | 0 |
| Balance of carryovers at beginning of current year | 2023-05-31 | 0 |
| Balance of prefunding at beginning of current year | 2023-05-31 | 0 |
| Total employer contributions | 2023-05-31 | 0 |
| Total employee contributions | 2023-05-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2023-05-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2023-05-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2023-05-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2023-05-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2023-05-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2023-05-31 | 0 |
| Minimum required contributions for current year target normal cost | 2023-05-31 | 0 |
| Net shortfall amortization installment of oustanding balance | 2023-05-31 | 0 |
| Waiver amortization installment | 2023-05-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2023-05-31 | 0 |
| Carryover balance elected to use to offset funding requirement | 2023-05-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2023-05-31 | 0 |
| Additional cash requirement | 2023-05-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2023-05-31 | 0 |
| Unpaid minimum required contributions for current year | 2023-05-31 | 0 |
| Unpaid minimum required contributions for all years | 2023-05-31 | 0 |
| 2022: KOONTZ ELECTRIC COMPANY, INC. CASH BALANCE PLAN 2022 401k membership | ||
| Market value of plan assets | 2022-05-31 | 709,003 |
| Acturial value of plan assets | 2022-05-31 | 709,003 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-05-31 | 0 |
| Number of terminated vested participants | 2022-05-31 | 0 |
| Fundng target for terminated vested participants | 2022-05-31 | 0 |
| Active participant vested funding target | 2022-05-31 | 590,339 |
| Number of active participants | 2022-05-31 | 50 |
| Total funding liabilities for active participants | 2022-05-31 | 590,339 |
| Total participant count | 2022-05-31 | 50 |
| Total funding target for all participants | 2022-05-31 | 590,339 |
| Balance at beginning of prior year after applicable adjustments | 2022-05-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2022-05-31 | 0 |
| Amount remaining of carryover balance | 2022-05-31 | 0 |
| Amount remaining of prefunding balance | 2022-05-31 | 0 |
| Present value of excess contributions | 2022-05-31 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-05-31 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-05-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2022-05-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-05-31 | 0 |
| Balance of carryovers at beginning of current year | 2022-05-31 | 0 |
| Balance of prefunding at beginning of current year | 2022-05-31 | 0 |
| Total employer contributions | 2022-05-31 | 0 |
| Total employee contributions | 2022-05-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2022-05-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2022-05-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-05-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2022-05-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-05-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2022-05-31 | 0 |
| Minimum required contributions for current year target normal cost | 2022-05-31 | 0 |
| Net shortfall amortization installment of oustanding balance | 2022-05-31 | 0 |
| Waiver amortization installment | 2022-05-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-05-31 | 0 |
| Additional cash requirement | 2022-05-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-05-31 | 0 |
| Unpaid minimum required contributions for current year | 2022-05-31 | 0 |
| Unpaid minimum required contributions for all years | 2022-05-31 | 0 |
| 2021: KOONTZ ELECTRIC COMPANY, INC. CASH BALANCE PLAN 2021 401k membership | ||
| Market value of plan assets | 2021-05-31 | 590,910 |
| Acturial value of plan assets | 2021-05-31 | 590,910 |
| Funding target for retired participants and beneficiaries receiving payment | 2021-05-31 | 0 |
| Number of terminated vested participants | 2021-05-31 | 0 |
| Fundng target for terminated vested participants | 2021-05-31 | 0 |
| Active participant vested funding target | 2021-05-31 | 440,715 |
| Number of active participants | 2021-05-31 | 46 |
| Total funding liabilities for active participants | 2021-05-31 | 544,852 |
| Total participant count | 2021-05-31 | 46 |
| Total funding target for all participants | 2021-05-31 | 544,852 |
| Balance at beginning of prior year after applicable adjustments | 2021-05-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2021-05-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2021-05-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2021-05-31 | 0 |
| Amount remaining of carryover balance | 2021-05-31 | 0 |
| Amount remaining of prefunding balance | 2021-05-31 | 0 |
| Present value of excess contributions | 2021-05-31 | 4,035 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-05-31 | 4,255 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-05-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2021-05-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2021-05-31 | 0 |
| Balance of carryovers at beginning of current year | 2021-05-31 | 0 |
| Balance of prefunding at beginning of current year | 2021-05-31 | 0 |
| Total employer contributions | 2021-05-31 | 0 |
| Total employee contributions | 2021-05-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2021-05-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2021-05-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-05-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2021-05-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-05-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2021-05-31 | 0 |
| Minimum required contributions for current year target normal cost | 2021-05-31 | 14,085 |
| Net shortfall amortization installment of oustanding balance | 2021-05-31 | 0 |
| Waiver amortization installment | 2021-05-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2021-05-31 | 0 |
| Additional cash requirement | 2021-05-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2021-05-31 | 0 |
| Unpaid minimum required contributions for current year | 2021-05-31 | 0 |
| Unpaid minimum required contributions for all years | 2021-05-31 | 0 |
| 2020: KOONTZ ELECTRIC COMPANY, INC. CASH BALANCE PLAN 2020 401k membership | ||
| Market value of plan assets | 2020-05-31 | 541,329 |
| Acturial value of plan assets | 2020-05-31 | 541,329 |
| Funding target for retired participants and beneficiaries receiving payment | 2020-05-31 | 0 |
| Number of terminated vested participants | 2020-05-31 | 0 |
| Fundng target for terminated vested participants | 2020-05-31 | 0 |
| Active participant vested funding target | 2020-05-31 | 0 |
| Number of active participants | 2020-05-31 | 47 |
| Total funding liabilities for active participants | 2020-05-31 | 520,114 |
| Total participant count | 2020-05-31 | 47 |
| Total funding target for all participants | 2020-05-31 | 520,114 |
| Balance at beginning of prior year after applicable adjustments | 2020-05-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2020-05-31 | 0 |
| Amount remaining of carryover balance | 2020-05-31 | 0 |
| Amount remaining of prefunding balance | 2020-05-31 | 0 |
| Present value of excess contributions | 2020-05-31 | 4,035 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-05-31 | 4,255 |
| Reductions in caryover balances due to elections or deemed elections | 2020-05-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2020-05-31 | 0 |
| Balance of carryovers at beginning of current year | 2020-05-31 | 0 |
| Balance of prefunding at beginning of current year | 2020-05-31 | 0 |
| Total employer contributions | 2020-05-31 | 0 |
| Total employee contributions | 2020-05-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2020-05-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2020-05-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-05-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2020-05-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-05-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2020-05-31 | 0 |
| Minimum required contributions for current year target normal cost | 2020-05-31 | 11,028 |
| Net shortfall amortization installment of oustanding balance | 2020-05-31 | 0 |
| Waiver amortization installment | 2020-05-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2020-05-31 | 0 |
| Carryover balance elected to use to offset funding requirement | 2020-05-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2020-05-31 | 0 |
| Additional cash requirement | 2020-05-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2020-05-31 | 0 |
| Unpaid minimum required contributions for current year | 2020-05-31 | 0 |
| Unpaid minimum required contributions for all years | 2020-05-31 | 0 |
| 2019: KOONTZ ELECTRIC COMPANY, INC. CASH BALANCE PLAN 2019 401k membership | ||
| Market value of plan assets | 2019-05-31 | 0 |
| Acturial value of plan assets | 2019-05-31 | 0 |
| Funding target for retired participants and beneficiaries receiving payment | 2019-05-31 | 0 |
| Number of terminated vested participants | 2019-05-31 | 0 |
| Fundng target for terminated vested participants | 2019-05-31 | 0 |
| Active participant vested funding target | 2019-05-31 | 0 |
| Number of active participants | 2019-05-31 | 48 |
| Total funding liabilities for active participants | 2019-05-31 | 0 |
| Total participant count | 2019-05-31 | 48 |
| Total funding target for all participants | 2019-05-31 | 0 |
| Amount remaining of carryover balance | 2019-05-31 | 0 |
| Amount remaining of prefunding balance | 2019-05-31 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-05-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2019-05-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2019-05-31 | 0 |
| Balance of carryovers at beginning of current year | 2019-05-31 | 0 |
| Balance of prefunding at beginning of current year | 2019-05-31 | 0 |
| Total employer contributions | 2019-05-31 | 562,000 |
| Total employee contributions | 2019-05-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2019-05-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2019-05-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-05-31 | 513,303 |
| Unpaid minimum required contributions for all prior years | 2019-05-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-05-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2019-05-31 | 0 |
| Minimum required contributions for current year target normal cost | 2019-05-31 | 509,268 |
| Net shortfall amortization installment of oustanding balance | 2019-05-31 | 0 |
| Waiver amortization installment | 2019-05-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2019-05-31 | 509,268 |
| Additional cash requirement | 2019-05-31 | 509,268 |
| Contributions allocatedtoward minimum required contributions for current year | 2019-05-31 | 513,303 |
| Unpaid minimum required contributions for current year | 2019-05-31 | 0 |
| Unpaid minimum required contributions for all years | 2019-05-31 | 0 |
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