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MAECKER TEAM, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameMAECKER TEAM, INC. CASH BALANCE PLAN
Plan identification number 002

MAECKER TEAM, 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).
  • Code section 414(k) arrangement - Benefits are based partly on the balance of the separate account of the participant (also include appropriate defined contribution pension feature codes).
  • 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

MAECKER TEAM, INC. has sponsored the creation of one or more 401k plans.

Company Name:MAECKER TEAM, INC.
Employer identification number (EIN):841292364
NAIC Classification:531390
NAIC Description:Other Activities Related to Real Estate

Additional information about MAECKER TEAM, INC.

Jurisdiction of Incorporation: Colorado Department of State
Incorporation Date: 1994-12-08
Company Identification Number: 19941135899
Legal Registered Office Address: 5590 N Academy Blvd

Colorado Springs
United States of America (USA)
80918

More information about MAECKER TEAM, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAECKER TEAM, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01BRIAN MAECKER2023-09-25 BRIAN MAECKER2023-09-25
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01BRIAN MAECKER BRIAN MAECKER2018-09-24
0022016-01-01BRIAN MAECKER BRIAN MAECKER2017-07-27
0022015-01-01BRIAN MAECKER2016-07-26 BRIAN MAECKER2016-07-26

Plan Statistics for MAECKER TEAM, INC. CASH BALANCE PLAN

401k plan membership statisitcs for MAECKER TEAM, INC. CASH BALANCE PLAN

Measure Date Value
2022: MAECKER TEAM, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-31752,151
Acturial value of plan assets2022-12-31752,151
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-312
Fundng target for terminated vested participants2022-12-315,023
Active participant vested funding target2022-12-31874,856
Number of active participants2022-12-313
Total funding liabilities for active participants2022-12-31874,856
Total participant count2022-12-315
Total funding target for all participants2022-12-31879,879
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-31452
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31452
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-31118,152
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31114,010
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31101,837
Net shortfall amortization installment of oustanding balance2022-12-31127,728
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31113,641
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31113,641
Contributions allocatedtoward minimum required contributions for current year2022-12-31114,010
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: MAECKER TEAM, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-31767,942
Acturial value of plan assets2021-12-31767,942
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-312
Fundng target for terminated vested participants2021-12-314,665
Active participant vested funding target2021-12-31731,851
Number of active participants2021-12-313
Total funding liabilities for active participants2021-12-31731,851
Total participant count2021-12-315
Total funding target for all participants2021-12-31736,516
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Present value of excess contributions2021-12-31165
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31165
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-3172,712
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-3170,299
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31101,273
Total funding amount beforereflecting carryover/prefunding balances2021-12-3169,847
Additional cash requirement2021-12-3169,847
Contributions allocatedtoward minimum required contributions for current year2021-12-3170,299
Unpaid minimum required contributions for current year2021-12-310
Total participants, beginning-of-year2021-01-014
Total number of active participants reported on line 7a of the Form 55002021-01-013
Number of retired or separated participants receiving benefits2021-01-012
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: MAECKER TEAM, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-31638,053
Acturial value of plan assets2020-12-31638,053
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-314,176
Active participant vested funding target2020-12-31595,877
Number of active participants2020-12-313
Total funding liabilities for active participants2020-12-31595,877
Total participant count2020-12-315
Total funding target for all participants2020-12-31600,053
Present value of excess contributions2020-12-3139,124
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3139,124
Total employer contributions2020-12-3167,055
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-3164,983
Minimum required contributions for current year target normal cost2020-12-31102,818
Total funding amount beforereflecting carryover/prefunding balances2020-12-3164,818
Additional cash requirement2020-12-3164,818
Contributions allocatedtoward minimum required contributions for current year2020-12-3164,983
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-014
Total number of active participants reported on line 7a of the Form 55002020-01-014
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: MAECKER TEAM, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31525,053
Acturial value of plan assets2019-12-31525,053
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-312,616
Active participant vested funding target2019-12-31476,108
Number of active participants2019-12-314
Total funding liabilities for active participants2019-12-31476,108
Total participant count2019-12-315
Total funding target for all participants2019-12-31478,724
Present value of excess contributions2019-12-31507
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31507
Total employer contributions2019-12-31100,000
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-3197,506
Minimum required contributions for current year target normal cost2019-12-31104,711
Total funding amount beforereflecting carryover/prefunding balances2019-12-3158,382
Additional cash requirement2019-12-3158,382
Contributions allocatedtoward minimum required contributions for current year2019-12-3197,506
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-014
Total number of active participants reported on line 7a of the Form 55002019-01-014
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: MAECKER TEAM, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31359,293
Acturial value of plan assets2018-12-31359,293
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-312,508
Active participant vested funding target2018-12-31350,718
Number of active participants2018-12-314
Total funding liabilities for active participants2018-12-31350,718
Total participant count2018-12-315
Total funding target for all participants2018-12-31353,226
Present value of excess contributions2018-12-3162,265
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3162,265
Total employer contributions2018-12-31102,869
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31100,227
Minimum required contributions for current year target normal cost2018-12-31105,787
Total funding amount beforereflecting carryover/prefunding balances2018-12-3199,720
Additional cash requirement2018-12-3199,720
Contributions allocatedtoward minimum required contributions for current year2018-12-31100,227
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-015
Total number of active participants reported on line 7a of the Form 55002018-01-014
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-011
Total of all active and inactive participants2018-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: MAECKER TEAM, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31316,624
Acturial value of plan assets2017-12-31316,624
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-311,628
Active participant vested funding target2017-12-31885
Number of active participants2017-12-314
Total funding liabilities for active participants2017-12-31227,368
Total participant count2017-12-315
Total funding target for all participants2017-12-31228,996
Present value of excess contributions2017-12-3178,033
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3178,033
Total employer contributions2017-12-3181,200
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-3182,407
Minimum required contributions for current year target normal cost2017-12-31107,770
Total funding amount beforereflecting carryover/prefunding balances2017-12-3120,142
Additional cash requirement2017-12-3120,142
Contributions allocatedtoward minimum required contributions for current year2017-12-3182,407
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-015
Total number of active participants reported on line 7a of the Form 55002017-01-014
Number of retired or separated participants receiving benefits2017-01-011
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: MAECKER TEAM, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31111,419
Acturial value of plan assets2016-12-31111,419
Number of active participants2016-12-315
Total funding liabilities for active participants2016-12-31104,192
Total participant count2016-12-315
Total funding target for all participants2016-12-31104,192
Present value of excess contributions2016-12-315,534
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-315,534
Total employer contributions2016-12-31170,605
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31169,658
Minimum required contributions for current year target normal cost2016-12-3198,852
Total funding amount beforereflecting carryover/prefunding balances2016-12-3191,625
Additional cash requirement2016-12-3191,625
Contributions allocatedtoward minimum required contributions for current year2016-12-31169,658
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-015
Total number of active participants reported on line 7a of the Form 55002016-01-015
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on MAECKER TEAM, INC. CASH BALANCE PLAN

Measure Date Value
2021 : MAECKER TEAM, INC. CASH BALANCE PLAN 2021 401k financial data
Total income from all sources2021-12-31$142,249
Expenses. Total of all expenses incurred2021-12-31$6,703
Total plan assets at end of year2021-12-31$840,654
Total plan assets at beginning of year2021-12-31$705,108
Value of fidelity bond covering the plan2021-12-31$300,000
Other income received2021-12-31$69,537
Net income (gross income less expenses)2021-12-31$135,546
Net plan assets at end of year (total assets less liabilities)2021-12-31$840,654
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$705,108
Total contributions received or receivable from employer(s)2021-12-31$72,712
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$6,703
2020 : MAECKER TEAM, INC. CASH BALANCE PLAN 2020 401k financial data
Total income from all sources2020-12-31$85,097
Expenses. Total of all expenses incurred2020-12-31$5,042
Total plan assets at end of year2020-12-31$705,108
Total plan assets at beginning of year2020-12-31$625,053
Value of fidelity bond covering the plan2020-12-31$300,000
Other income received2020-12-31$18,042
Net income (gross income less expenses)2020-12-31$80,055
Net plan assets at end of year (total assets less liabilities)2020-12-31$705,108
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$625,053
Total contributions received or receivable from employer(s)2020-12-31$67,055
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$5,042
2019 : MAECKER TEAM, INC. CASH BALANCE PLAN 2019 401k financial data
Total income from all sources2019-12-31$167,056
Expenses. Total of all expenses incurred2019-12-31$4,165
Total plan assets at end of year2019-12-31$625,053
Total plan assets at beginning of year2019-12-31$462,162
Value of fidelity bond covering the plan2019-12-31$300,000
Other income received2019-12-31$67,056
Net income (gross income less expenses)2019-12-31$162,891
Net plan assets at end of year (total assets less liabilities)2019-12-31$625,053
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$462,162
Total contributions received or receivable from employer(s)2019-12-31$100,000
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$4,165
2018 : MAECKER TEAM, INC. CASH BALANCE PLAN 2018 401k financial data
Total income from all sources2018-12-31$67,178
Expenses. Total of all expenses incurred2018-12-31$4,047
Total plan assets at end of year2018-12-31$462,162
Total plan assets at beginning of year2018-12-31$399,031
Value of fidelity bond covering the plan2018-12-31$250,000
Other income received2018-12-31$-35,691
Net income (gross income less expenses)2018-12-31$63,131
Net plan assets at end of year (total assets less liabilities)2018-12-31$462,162
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$399,031
Total contributions received or receivable from employer(s)2018-12-31$102,869
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$4,047
2017 : MAECKER TEAM, INC. CASH BALANCE PLAN 2017 401k financial data
Total income from all sources2017-12-31$119,423
Expenses. Total of all expenses incurred2017-12-31$2,935
Total plan assets at end of year2017-12-31$399,031
Total plan assets at beginning of year2017-12-31$282,543
Value of fidelity bond covering the plan2017-12-31$250,000
Other income received2017-12-31$38,223
Net income (gross income less expenses)2017-12-31$116,488
Net plan assets at end of year (total assets less liabilities)2017-12-31$399,031
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$282,543
Total contributions received or receivable from employer(s)2017-12-31$81,200
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$2,935
2016 : MAECKER TEAM, INC. CASH BALANCE PLAN 2016 401k financial data
Total income from all sources2016-12-31$180,171
Expenses. Total of all expenses incurred2016-12-31$1,020
Total plan assets at end of year2016-12-31$282,543
Total plan assets at beginning of year2016-12-31$103,392
Value of fidelity bond covering the plan2016-12-31$250,000
Other income received2016-12-31$9,566
Net income (gross income less expenses)2016-12-31$179,151
Net plan assets at end of year (total assets less liabilities)2016-12-31$282,543
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$103,392
Total contributions received or receivable from employer(s)2016-12-31$170,605
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$1,020

Form 5500 Responses for MAECKER TEAM, INC. CASH BALANCE PLAN

2021: MAECKER TEAM, INC. CASH BALANCE PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MAECKER TEAM, INC. CASH BALANCE PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MAECKER TEAM, INC. CASH BALANCE PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MAECKER TEAM, INC. CASH BALANCE PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: MAECKER TEAM, INC. CASH BALANCE PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MAECKER TEAM, INC. CASH BALANCE PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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