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APPLIED SYSTEMS ENGINEERING, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameAPPLIED SYSTEMS ENGINEERING, INC. CASH BALANCE PLAN
Plan identification number 002

APPLIED SYSTEMS ENGINEERING, INC. CASH BALANCE PLAN Benefits

401k Plan TypeDefined 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).
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • 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).
  • 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

APPLIED SYSTEMS ENGINEERING, INC. has sponsored the creation of one or more 401k plans.

Company Name:APPLIED SYSTEMS ENGINEERING, INC.
Employer identification number (EIN):751684377
NAIC Classification:334500

Additional information about APPLIED SYSTEMS ENGINEERING, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1980-01-24
Company Identification Number: 0050487700
Legal Registered Office Address: PO BOX 122987

FORT WORTH
United States of America (USA)
76121

More information about APPLIED SYSTEMS ENGINEERING, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan APPLIED SYSTEMS ENGINEERING, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-12-01JAHNA HUDGIN2024-09-13
0022021-12-01JENNIFER THILL2023-09-05
0022020-12-01KRISTA MINEWEASER2022-03-18
0022019-12-01KRISTA MINEWEASER2021-03-30

Plan Statistics for APPLIED SYSTEMS ENGINEERING, INC. CASH BALANCE PLAN

401k plan membership statisitcs for APPLIED SYSTEMS ENGINEERING, INC. CASH BALANCE PLAN

Measure Date Value
2025: APPLIED SYSTEMS ENGINEERING, INC. CASH BALANCE PLAN 2025 401k membership
Total number of particpants at beginning of year2025-09-1048
Total number of particpants at end of year2025-09-100
2023: APPLIED SYSTEMS ENGINEERING, INC. CASH BALANCE PLAN 2023 401k membership
Market value of plan assets2023-11-302,442,931
Acturial value of plan assets2023-11-302,442,931
Funding target for retired participants and beneficiaries receiving payment2023-11-300
Number of terminated vested participants2023-11-303
Fundng target for terminated vested participants2023-11-30490,831
Active participant vested funding target2023-11-302,321,508
Number of active participants2023-11-3046
Total funding liabilities for active participants2023-11-302,321,508
Total participant count2023-11-3049
Total funding target for all participants2023-11-302,812,339
Balance at beginning of prior year after applicable adjustments2023-11-300
Prefunding balance at beginning of prior year after applicable adjustments2023-11-300
Carryover balanced portion elected for use to offset prior years funding requirement2023-11-300
Prefunding balanced used to offset prior years funding requirement2023-11-300
Amount remaining of carryover balance2023-11-300
Amount remaining of prefunding balance2023-11-300
Present value of excess contributions2023-11-30384,066
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-11-30401,426
Reductions in caryover balances due to elections or deemed elections2023-11-300
Reductions in prefunding balances due to elections or deemed elections2023-11-300
Balance of carryovers at beginning of current year2023-11-300
Balance of prefunding at beginning of current year2023-11-300
Total employer contributions2023-11-30450,000
Total employee contributions2023-11-300
Contributions allocated toward unpaid minimum require contributions from prior years2023-11-300
Contributions made to avoid restrictions adjusted to valuation date2023-11-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-11-30427,838
Unpaid minimum required contributions for all prior years2023-11-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-11-300
Remaining amount of unpaid minimum required contributions2023-11-300
Minimum required contributions for current year target normal cost2023-11-300
Net shortfall amortization installment of oustanding balance2023-11-30369,408
Waiver amortization installment2023-11-300
Total funding amount beforereflecting carryover/prefunding balances2023-11-3034,138
Carryover balance elected to use to offset funding requirement2023-11-300
Prefunding balance elected to use to offset funding requirement2023-11-300
Additional cash requirement2023-11-3034,138
Contributions allocatedtoward minimum required contributions for current year2023-11-30427,838
Unpaid minimum required contributions for current year2023-11-300
Unpaid minimum required contributions for all years2023-11-300
2022: APPLIED SYSTEMS ENGINEERING, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-11-302,433,099
Acturial value of plan assets2022-11-302,433,099
Funding target for retired participants and beneficiaries receiving payment2022-11-300
Number of terminated vested participants2022-11-300
Fundng target for terminated vested participants2022-11-300
Active participant vested funding target2022-11-30647,889
Number of active participants2022-11-3051
Total funding liabilities for active participants2022-11-301,900,022
Total participant count2022-11-3051
Total funding target for all participants2022-11-301,900,022
Balance at beginning of prior year after applicable adjustments2022-11-300
Prefunding balance at beginning of prior year after applicable adjustments2022-11-300
Carryover balanced portion elected for use to offset prior years funding requirement2022-11-300
Prefunding balanced used to offset prior years funding requirement2022-11-300
Amount remaining of carryover balance2022-11-300
Amount remaining of prefunding balance2022-11-300
Present value of excess contributions2022-11-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-11-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-11-300
Reductions in caryover balances due to elections or deemed elections2022-11-300
Reductions in prefunding balances due to elections or deemed elections2022-11-300
Balance of carryovers at beginning of current year2022-11-300
Balance of prefunding at beginning of current year2022-11-300
Total employer contributions2022-11-30733,832
Total employee contributions2022-11-300
Contributions allocated toward unpaid minimum require contributions from prior years2022-11-300
Contributions made to avoid restrictions adjusted to valuation date2022-11-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-11-30731,511
Unpaid minimum required contributions for all prior years2022-11-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-11-300
Remaining amount of unpaid minimum required contributions2022-11-300
Minimum required contributions for current year target normal cost2022-11-30880,522
Net shortfall amortization installment of oustanding balance2022-11-300
Waiver amortization installment2022-11-300
Total funding amount beforereflecting carryover/prefunding balances2022-11-30347,445
Carryover balance elected to use to offset funding requirement2022-11-300
Prefunding balance elected to use to offset funding requirement2022-11-300
Additional cash requirement2022-11-30347,445
Contributions allocatedtoward minimum required contributions for current year2022-11-30731,511
Unpaid minimum required contributions for current year2022-11-300
Unpaid minimum required contributions for all years2022-11-300
2021: APPLIED SYSTEMS ENGINEERING, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-11-30948,457
Acturial value of plan assets2021-11-30948,457
Funding target for retired participants and beneficiaries receiving payment2021-11-300
Number of terminated vested participants2021-11-303
Fundng target for terminated vested participants2021-11-300
Active participant vested funding target2021-11-30309,523
Number of active participants2021-11-3053
Total funding liabilities for active participants2021-11-30925,335
Total participant count2021-11-3056
Total funding target for all participants2021-11-30925,335
Balance at beginning of prior year after applicable adjustments2021-11-300
Prefunding balance at beginning of prior year after applicable adjustments2021-11-300
Carryover balanced portion elected for use to offset prior years funding requirement2021-11-300
Prefunding balanced used to offset prior years funding requirement2021-11-300
Amount remaining of carryover balance2021-11-300
Amount remaining of prefunding balance2021-11-300
Present value of excess contributions2021-11-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-11-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-11-300
Reductions in caryover balances due to elections or deemed elections2021-11-300
Reductions in prefunding balances due to elections or deemed elections2021-11-300
Balance of carryovers at beginning of current year2021-11-300
Balance of prefunding at beginning of current year2021-11-300
Total employer contributions2021-11-30876,289
Total employee contributions2021-11-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-11-300
Contributions made to avoid restrictions adjusted to valuation date2021-11-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-11-30858,127
Unpaid minimum required contributions for all prior years2021-11-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-11-300
Remaining amount of unpaid minimum required contributions2021-11-300
Minimum required contributions for current year target normal cost2021-11-30881,249
Net shortfall amortization installment of oustanding balance2021-11-300
Waiver amortization installment2021-11-300
Total funding amount beforereflecting carryover/prefunding balances2021-11-30858,127
Carryover balance elected to use to offset funding requirement2021-11-300
Prefunding balance elected to use to offset funding requirement2021-11-300
Additional cash requirement2021-11-30858,127
Contributions allocatedtoward minimum required contributions for current year2021-11-30858,127
Unpaid minimum required contributions for current year2021-11-300
Unpaid minimum required contributions for all years2021-11-300
2020: APPLIED SYSTEMS ENGINEERING, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-11-300
Acturial value of plan assets2020-11-300
Funding target for retired participants and beneficiaries receiving payment2020-11-300
Number of terminated vested participants2020-11-300
Fundng target for terminated vested participants2020-11-300
Active participant vested funding target2020-11-300
Number of active participants2020-11-3055
Total funding liabilities for active participants2020-11-300
Total participant count2020-11-3055
Total funding target for all participants2020-11-300
Balance at beginning of prior year after applicable adjustments2020-11-300
Prefunding balance at beginning of prior year after applicable adjustments2020-11-300
Carryover balanced portion elected for use to offset prior years funding requirement2020-11-300
Prefunding balanced used to offset prior years funding requirement2020-11-300
Amount remaining of carryover balance2020-11-300
Amount remaining of prefunding balance2020-11-300
Present value of excess contributions2020-11-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-11-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-11-300
Reductions in caryover balances due to elections or deemed elections2020-11-300
Reductions in prefunding balances due to elections or deemed elections2020-11-300
Balance of carryovers at beginning of current year2020-11-300
Balance of prefunding at beginning of current year2020-11-300
Total employer contributions2020-11-30881,601
Total employee contributions2020-11-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-11-300
Contributions made to avoid restrictions adjusted to valuation date2020-11-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-11-30852,874
Unpaid minimum required contributions for all prior years2020-11-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-11-300
Remaining amount of unpaid minimum required contributions2020-11-300
Minimum required contributions for current year target normal cost2020-11-30852,874
Net shortfall amortization installment of oustanding balance2020-11-300
Waiver amortization installment2020-11-300
Total funding amount beforereflecting carryover/prefunding balances2020-11-30852,874
Carryover balance elected to use to offset funding requirement2020-11-300
Prefunding balance elected to use to offset funding requirement2020-11-300
Additional cash requirement2020-11-30852,874
Contributions allocatedtoward minimum required contributions for current year2020-11-30852,874
Unpaid minimum required contributions for current year2020-11-300
Unpaid minimum required contributions for all years2020-11-300

Financial Data on APPLIED SYSTEMS ENGINEERING, INC. CASH BALANCE PLAN

Measure Date Value
2025 : APPLIED SYSTEMS ENGINEERING, INC. CASH BALANCE PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-09-10-149767
Total expenses incurred by plan in this plan year2025-09-103119427
Net assets as of the end of the plan year2025-09-100
Total assets as of the beginning of the plan year2025-09-103072999
Value of plan covered by a fidelity bond2025-09-10245000
Other income to plan in this plan year2025-09-10196195
Plan net income in this plan year2025-09-10-2923232
Net assets as of the end of the plan year2025-09-100
Net assets as of the beginning of the plan year2025-09-103072999

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