401k Plan data: LORAC COSMETICS, INC. CASH BALANCE PLAN plan

LORAC COSMETICS, INC. CASH BALANCE PLAN 401k Plan overview

Plan Name	LORAC COSMETICS, INC. CASH BALANCE PLAN
Plan identification number	002

LORAC COSMETICS, INC. CASH BALANCE PLAN Benefits

401k Plan Type

Defined 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).
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

LORAC COSMETICS, INC. has sponsored the creation of one or more 401k plans.

Company Name: LORAC COSMETICS, INC.

Employer identification number (EIN): 954556357

NAIC Classification: 424210
NAIC Description: Drugs and Druggists' Sundries Merchant Wholesalers

Additional information about LORAC COSMETICS, INC.

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 2004-06-25

Company Identification Number: 0800361525

Legal Registered Office Address: 26907 SANTA YNEZ WAY

VALENCIA
United States of America (USA)
91355

More information about LORAC COSMETICS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LORAC COSMETICS, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2017-01-01 BARRY ALAN 2018-10-12
002 2016-01-01 BARRY ALAN 2017-07-06
002 2015-01-01 BARRY ALAN 2016-09-28
002 2014-01-01 BARRY ALAN 2015-10-02
002 2013-01-01 BARRY ALAN 2014-09-23
002 2012-01-01 BARRY ALAN 2013-09-20
002 2011-01-01 BARRY ALAN 2012-09-12
002 2010-01-01 BARRY ALAN 2011-10-03

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2017-01-01	BARRY ALAN	2018-10-12
002	2016-01-01	BARRY ALAN	2017-07-06
002	2015-01-01	BARRY ALAN	2016-09-28
002	2014-01-01	BARRY ALAN	2015-10-02
002	2013-01-01	BARRY ALAN	2014-09-23
002	2012-01-01	BARRY ALAN	2013-09-20
002	2011-01-01	BARRY ALAN	2012-09-12
002	2010-01-01	BARRY ALAN	2011-10-03

Plan Statistics for LORAC COSMETICS, INC. CASH BALANCE PLAN

401k plan membership statisitcs for LORAC COSMETICS, INC. CASH BALANCE PLAN

Measure Date Value
2016: LORAC COSMETICS, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets 2016-12-31 3,313,300
Acturial value of plan assets 2016-12-31 3,313,300
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 2
Fundng target for terminated vested participants 2016-12-31 2,991
Active participant vested funding target 2016-12-31 2,886,443
Number of active participants 2016-12-31 38
Total funding liabilities for active participants 2016-12-31 2,886,443
Total participant count 2016-12-31 40
Total funding target for all participants 2016-12-31 2,889,434
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 945,861
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 347,266
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 598,595
Present value of excess contributions 2016-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 589,496
Total employer contributions 2016-12-31 20,000
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 18,611
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 0
Net shortfall amortization installment of oustanding balance 2016-12-31 205,420
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 13,120
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 13,120
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 18,611
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2016: LORAC COSMETICS, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	3,313,300
Acturial value of plan assets	2016-12-31	3,313,300
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	2
Fundng target for terminated vested participants	2016-12-31	2,991
Active participant vested funding target	2016-12-31	2,886,443
Number of active participants	2016-12-31	38
Total funding liabilities for active participants	2016-12-31	2,886,443
Total participant count	2016-12-31	40
Total funding target for all participants	2016-12-31	2,889,434
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	945,861
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	347,266
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	598,595
Present value of excess contributions	2016-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	589,496
Total employer contributions	2016-12-31	20,000
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	18,611
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	0
Net shortfall amortization installment of oustanding balance	2016-12-31	205,420
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	13,120
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	13,120
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	18,611
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

Potentially related plans

LORAC COSMETICS, LLC 401(K) PLAN [EIN = 810762361]

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Company Name:	LORAC COSMETICS, INC.
Employer identification number (EIN):	954556357
NAIC Classification:	424210
NAIC Description:	Drugs and Druggists' Sundries Merchant Wholesalers

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	2004-06-25
Company Identification Number:	0800361525
Legal Registered Office Address:	26907 SANTA YNEZ WAY VALENCIA United States of America (USA) 91355