401k Plan data: LEO'S TRADING CORP, DEFINED BENEFIT PLAN plan

LEO'S TRADING CORP, DEFINED BENEFIT PLAN 401k Plan overview

Plan Name	LEO'S TRADING CORP, DEFINED BENEFIT PLAN
Plan identification number	002

LEO'S TRADING CORP, DEFINED BENEFIT PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
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.
Plan covering Self-Employed individuals.
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

LEO'S TRADING CORP, DEFINED BENEFIT PLAN has sponsored the creation of one or more 401k plans.

Company Name: LEO'S TRADING CORP, DEFINED BENEFIT PLAN

Employer identification number (EIN): 800449167

NAIC Classification: 424400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LEO'S TRADING CORP, DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2019-08-01
002 2018-08-01

Plan Statistics for LEO'S TRADING CORP, DEFINED BENEFIT PLAN

401k plan membership statisitcs for LEO'S TRADING CORP, DEFINED BENEFIT PLAN

Measure Date Value
2020: LEO'S TRADING CORP, DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets 2020-07-31 2,316,084
Acturial value of plan assets 2020-07-31 2,316,084
Funding target for retired participants and beneficiaries receiving payment 2020-07-31 0
Number of terminated vested participants 2020-07-31 0
Fundng target for terminated vested participants 2020-07-31 0
Active participant vested funding target 2020-07-31 2,374,953
Number of active participants 2020-07-31 2
Total funding liabilities for active participants 2020-07-31 2,378,846
Total participant count 2020-07-31 2
Total funding target for all participants 2020-07-31 2,378,846
Balance at beginning of prior year after applicable adjustments 2020-07-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-07-31 239,622
Amount remaining of carryover balance 2020-07-31 0
Amount remaining of prefunding balance 2020-07-31 239,622
Present value of excess contributions 2020-07-31 261,820
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-07-31 276,482
Reductions in caryover balances due to elections or deemed elections 2020-07-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-07-31 0
Balance of carryovers at beginning of current year 2020-07-31 0
Balance of prefunding at beginning of current year 2020-07-31 238,879
Total employer contributions 2020-07-31 345,682
Total employee contributions 2020-07-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-07-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-07-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-07-31 301,044
Unpaid minimum required contributions for all prior years 2020-07-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-07-31 0
Remaining amount of unpaid minimum required contributions 2020-07-31 0
Minimum required contributions for current year target normal cost 2020-07-31 242,264
Net shortfall amortization installment of oustanding balance 2020-07-31 301,641
Waiver amortization installment 2020-07-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-07-31 291,277
Additional cash requirement 2020-07-31 291,277
Contributions allocatedtoward minimum required contributions for current year 2020-07-31 301,044
Unpaid minimum required contributions for current year 2020-07-31 0
Unpaid minimum required contributions for all years 2020-07-31 0
2019: LEO'S TRADING CORP, DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets 2019-07-31 2,021,602
Acturial value of plan assets 2019-07-31 2,021,602
Funding target for retired participants and beneficiaries receiving payment 2019-07-31 0
Number of terminated vested participants 2019-07-31 0
Fundng target for terminated vested participants 2019-07-31 0
Active participant vested funding target 2019-07-31 1,956,622
Number of active participants 2019-07-31 2
Total funding liabilities for active participants 2019-07-31 1,956,622
Total participant count 2019-07-31 2
Total funding target for all participants 2019-07-31 1,956,622
Balance at beginning of prior year after applicable adjustments 2019-07-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-07-31 229,964
Amount remaining of carryover balance 2019-07-31 0
Amount remaining of prefunding balance 2019-07-31 229,964
Present value of excess contributions 2019-07-31 86,458
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-07-31 91,473
Balance of carryovers at beginning of current year 2019-07-31 0
Balance of prefunding at beginning of current year 2019-07-31 239,622
Total employer contributions 2019-07-31 300,683
Total employee contributions 2019-07-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-07-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-07-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-07-31 261,820
Unpaid minimum required contributions for all prior years 2019-07-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-07-31 0
Remaining amount of unpaid minimum required contributions 2019-07-31 0
Minimum required contributions for current year target normal cost 2019-07-31 221,144
Net shortfall amortization installment of oustanding balance 2019-07-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-07-31 0
Additional cash requirement 2019-07-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-07-31 261,820
Unpaid minimum required contributions for current year 2019-07-31 0
Unpaid minimum required contributions for all years 2019-07-31 0

Measure	Date	Value
2020: LEO'S TRADING CORP, DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets	2020-07-31	2,316,084
Acturial value of plan assets	2020-07-31	2,316,084
Funding target for retired participants and beneficiaries receiving payment	2020-07-31	0
Number of terminated vested participants	2020-07-31	0
Fundng target for terminated vested participants	2020-07-31	0
Active participant vested funding target	2020-07-31	2,374,953
Number of active participants	2020-07-31	2
Total funding liabilities for active participants	2020-07-31	2,378,846
Total participant count	2020-07-31	2
Total funding target for all participants	2020-07-31	2,378,846
Balance at beginning of prior year after applicable adjustments	2020-07-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-07-31	239,622
Amount remaining of carryover balance	2020-07-31	0
Amount remaining of prefunding balance	2020-07-31	239,622
Present value of excess contributions	2020-07-31	261,820
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-07-31	276,482
Reductions in caryover balances due to elections or deemed elections	2020-07-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-07-31	0
Balance of carryovers at beginning of current year	2020-07-31	0
Balance of prefunding at beginning of current year	2020-07-31	238,879
Total employer contributions	2020-07-31	345,682
Total employee contributions	2020-07-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-07-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-07-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-07-31	301,044
Unpaid minimum required contributions for all prior years	2020-07-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-07-31	0
Remaining amount of unpaid minimum required contributions	2020-07-31	0
Minimum required contributions for current year target normal cost	2020-07-31	242,264
Net shortfall amortization installment of oustanding balance	2020-07-31	301,641
Waiver amortization installment	2020-07-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-07-31	291,277
Additional cash requirement	2020-07-31	291,277
Contributions allocatedtoward minimum required contributions for current year	2020-07-31	301,044
Unpaid minimum required contributions for current year	2020-07-31	0
Unpaid minimum required contributions for all years	2020-07-31	0
2019: LEO'S TRADING CORP, DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets	2019-07-31	2,021,602
Acturial value of plan assets	2019-07-31	2,021,602
Funding target for retired participants and beneficiaries receiving payment	2019-07-31	0
Number of terminated vested participants	2019-07-31	0
Fundng target for terminated vested participants	2019-07-31	0
Active participant vested funding target	2019-07-31	1,956,622
Number of active participants	2019-07-31	2
Total funding liabilities for active participants	2019-07-31	1,956,622
Total participant count	2019-07-31	2
Total funding target for all participants	2019-07-31	1,956,622
Balance at beginning of prior year after applicable adjustments	2019-07-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-07-31	229,964
Amount remaining of carryover balance	2019-07-31	0
Amount remaining of prefunding balance	2019-07-31	229,964
Present value of excess contributions	2019-07-31	86,458
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-07-31	91,473
Balance of carryovers at beginning of current year	2019-07-31	0
Balance of prefunding at beginning of current year	2019-07-31	239,622
Total employer contributions	2019-07-31	300,683
Total employee contributions	2019-07-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-07-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-07-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-07-31	261,820
Unpaid minimum required contributions for all prior years	2019-07-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-07-31	0
Remaining amount of unpaid minimum required contributions	2019-07-31	0
Minimum required contributions for current year target normal cost	2019-07-31	221,144
Net shortfall amortization installment of oustanding balance	2019-07-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-07-31	0
Additional cash requirement	2019-07-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-07-31	261,820
Unpaid minimum required contributions for current year	2019-07-31	0
Unpaid minimum required contributions for all years	2019-07-31	0

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Company Name:	LEO'S TRADING CORP, DEFINED BENEFIT PLAN
Employer identification number (EIN):	800449167
NAIC Classification:	424400