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NUMERICAL PRECISION, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameNUMERICAL PRECISION, INC. CASH BALANCE PLAN
Plan identification number 002

NUMERICAL PRECISION, 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).
  • 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.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

NUMERICAL PRECISION, INC. has sponsored the creation of one or more 401k plans.

Company Name:NUMERICAL PRECISION, INC.
Employer identification number (EIN):742088892
NAIC Classification:332700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NUMERICAL PRECISION, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022016-01-01ARASELY VALDEZ2017-03-24
0022015-01-01ARASELY VALDEZ2016-09-19
0022013-01-01ARASELY VALDEZ2014-10-14
0022012-01-01RANDY BENTLEY2013-07-24
0022011-01-01RANDY BENTLEY2012-11-27
0022010-01-01RANDY BENTLEY2011-08-04

Plan Statistics for NUMERICAL PRECISION, INC. CASH BALANCE PLAN

401k plan membership statisitcs for NUMERICAL PRECISION, INC. CASH BALANCE PLAN

Measure Date Value
2016: NUMERICAL PRECISION, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-08-096,077,516
Acturial value of plan assets2016-08-096,077,516
Funding target for retired participants and beneficiaries receiving payment2016-08-090
Number of terminated vested participants2016-08-0924
Fundng target for terminated vested participants2016-08-09187,494
Active participant vested funding target2016-08-094,269,521
Number of active participants2016-08-0969
Total funding liabilities for active participants2016-08-094,272,131
Total participant count2016-08-0993
Total funding target for all participants2016-08-094,459,625
Balance at beginning of prior year after applicable adjustments2016-08-090
Prefunding balance at beginning of prior year after applicable adjustments2016-08-091,930,984
Carryover balanced portion elected for use to offset prior years funding requirement2016-08-090
Prefunding balanced used to offset prior years funding requirement2016-08-090
Amount remaining of carryover balance2016-08-090
Amount remaining of prefunding balance2016-08-091,930,984
Present value of excess contributions2016-08-09410,734
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-08-09437,021
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-08-09437,021
Reductions in caryover balances due to elections or deemed elections2016-08-090
Reductions in prefunding balances due to elections or deemed elections2016-08-090
Balance of carryovers at beginning of current year2016-08-090
Balance of prefunding at beginning of current year2016-08-092,319,344
Total employer contributions2016-08-090
Total employee contributions2016-08-090
Contributions allocated toward unpaid minimum require contributions from prior years2016-08-090
Contributions made to avoid restrictions adjusted to valuation date2016-08-090
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-08-090
Liquidity shortfalls end of Q12016-08-090
Liquidity shortfalls end of Q22016-08-090
Liquidity shortfalls end of Q32016-08-090
Liquidity shortfalls end of Q42016-08-090
Unpaid minimum required contributions for all prior years2016-08-090
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-08-090
Remaining amount of unpaid minimum required contributions2016-08-090
Minimum required contributions for current year target normal cost2016-08-090
Net shortfall amortization installment of oustanding balance2016-08-090
Waiver amortization installment2016-08-090
Total funding amount beforereflecting carryover/prefunding balances2016-08-090
Carryover balance elected to use to offset funding requirement2016-08-090
Prefunding balance elected to use to offset funding requirement2016-08-090
Additional cash requirement2016-08-090
Contributions allocatedtoward minimum required contributions for current year2016-08-090
Unpaid minimum required contributions for current year2016-08-090
Unpaid minimum required contributions for all years2016-08-090

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