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THE STRONG FIRM, P.C. CASH BALANCE PLAN 401k Plan overview

Plan NameTHE STRONG FIRM, P.C. CASH BALANCE PLAN
Plan identification number 002

THE STRONG FIRM, P.C. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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).
  • 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

THE STRONG FIRM, P.C. has sponsored the creation of one or more 401k plans.

Company Name:THE STRONG FIRM, P.C.
Employer identification number (EIN):841660347
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Additional information about THE STRONG FIRM, P.C.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2004-10-26
Company Identification Number: 0800406245
Legal Registered Office Address: 1790 HUGHES LANDING BLVD STE 200

THE WOODLANDS
United States of America (USA)
77380

More information about THE STRONG FIRM, P.C.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE STRONG FIRM, P.C. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01BRET STRONG2023-01-17
0022021-01-01BRET STRONG2022-06-21
0022020-01-01BRET STRONG2021-07-14
0022019-01-01BRET STRONG2020-07-23
0022018-01-01BRET STRONG2019-07-08
0022017-01-01BRET STRONG2018-10-04
0022016-01-01BRET STRONG2017-04-28
0022015-01-01BRET STRONG2016-07-20
0022014-01-01BRET STRONG2015-05-13
0022013-01-01BRET STRONG2014-06-26
0022012-01-01BRET STRONG2013-07-08
0022011-01-01BRET STRONG2012-07-11
0022010-01-01BRET STRONG2011-08-31

Plan Statistics for THE STRONG FIRM, P.C. CASH BALANCE PLAN

401k plan membership statisitcs for THE STRONG FIRM, P.C. CASH BALANCE PLAN

Measure Date Value
2021: THE STRONG FIRM, P.C. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-312,607,631
Acturial value of plan assets2021-12-312,607,631
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-316
Fundng target for terminated vested participants2021-12-3191,522
Active participant vested funding target2021-12-311,612,943
Number of active participants2021-12-317
Total funding liabilities for active participants2021-12-311,615,135
Total participant count2021-12-3113
Total funding target for all participants2021-12-311,706,657
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31184,752
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
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31184,752
Present value of excess contributions2021-12-3148,329
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3150,857
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31202,303
Total employer contributions2021-12-310
Total employee contributions2021-12-310
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 date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31187,073
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: THE STRONG FIRM, P.C. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-312,365,840
Acturial value of plan assets2020-12-312,365,840
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-317
Fundng target for terminated vested participants2020-12-3172,159
Active participant vested funding target2020-12-311,470,263
Number of active participants2020-12-318
Total funding liabilities for active participants2020-12-311,473,096
Total participant count2020-12-3115
Total funding target for all participants2020-12-311,545,255
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31158,640
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31158,640
Present value of excess contributions2020-12-31232,684
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31245,272
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31184,752
Total employer contributions2020-12-3150,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-3148,329
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31191,294
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-3148,329
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: THE STRONG FIRM, P.C. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,821,798
Acturial value of plan assets2019-12-311,821,798
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-314
Fundng target for terminated vested participants2019-12-3120,898
Active participant vested funding target2019-12-311,377,095
Number of active participants2019-12-3111
Total funding liabilities for active participants2019-12-311,382,760
Total participant count2019-12-3115
Total funding target for all participants2019-12-311,403,658
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31167,820
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31167,820
Present value of excess contributions2019-12-31200,477
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31211,684
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31158,640
Total employer contributions2019-12-31246,334
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31232,684
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31159,897
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31232,684
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: THE STRONG FIRM, P.C. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,692,099
Acturial value of plan assets2018-12-311,692,099
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-315,696
Active participant vested funding target2018-12-311,081,832
Number of active participants2018-12-319
Total funding liabilities for active participants2018-12-311,082,603
Total participant count2018-12-3111
Total funding target for all participants2018-12-311,088,299
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31150,000
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31150,000
Present value of excess contributions2018-12-31178,974
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31189,337
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31167,820
Total employer contributions2018-12-31213,783
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31200,477
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31139,025
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-31200,477
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: THE STRONG FIRM, P.C. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-311,356,830
Acturial value of plan assets2017-12-311,356,830
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-313
Fundng target for terminated vested participants2017-12-317,072
Active participant vested funding target2017-12-31880,178
Number of active participants2017-12-319
Total funding liabilities for active participants2017-12-31880,178
Total participant count2017-12-3112
Total funding target for all participants2017-12-31887,250
Balance at beginning of prior year after applicable adjustments2017-12-3123,064
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31426,145
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-3123,064
Amount remaining of prefunding balance2017-12-31426,145
Present value of excess contributions2017-12-3157,501
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3160,934
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-3124,422
Reductions in prefunding balances due to elections or deemed elections2017-12-31301,245
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31150,000
Total employer contributions2017-12-31195,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31178,974
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31130,552
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31178,974
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: THE STRONG FIRM, P.C. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-311,096,974
Acturial value of plan assets2016-12-311,096,974
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-312
Fundng target for terminated vested participants2016-12-314,533
Active participant vested funding target2016-12-31707,117
Number of active participants2016-12-3111
Total funding liabilities for active participants2016-12-31707,117
Total participant count2016-12-3113
Total funding target for all participants2016-12-31711,650
Balance at beginning of prior year after applicable adjustments2016-12-3123,449
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31368,168
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-3123,449
Amount remaining of prefunding balance2016-12-31368,168
Present value of excess contributions2016-12-3160,306
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3164,015
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3164,015
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-3123,064
Balance of prefunding at beginning of current year2016-12-31426,145
Total employer contributions2016-12-31195,032
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31182,775
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31125,274
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31125,274
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31125,274
Contributions allocatedtoward minimum required contributions for current year2016-12-31182,775
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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