OMB No. 1210-0110 SCHEDULE SB Single-Employer Defined Benefit Plan (Form 5500) Actuarial Information 2023 Department of the Treasury Internal Revenue Service This schedule is required to be filed under section 104 of the Employee Department of Labor Retirement Income Security Act of 1974 (ERISA) and section 6059 of the This Form is Open to Public Employee Benefits Security Administration Internal Revenue Code (the Code). Inspection Pension Benefit Guaranty Corporation File as an attachment to Form 5500 or 5500-SF. For calendar plan year 2023 or fiscal plan year beginning and ending Round off amounts to nearest dollar. Caution: A penalty of $1,000 will be assessed for late filing of this report unless reasonable cause is established. A Name of plan B Three-digit ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI plan number (PN) 001 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI C Plan sponsor’s name as shown on line 2a of Form 5500 or 5500-SF D Employer Identification Number (EIN) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 012345678 ABCDEFGHI ABCDEFGHI E Type of plan: XSingle XMultiple-A XMultiple-B F Prior year plan size: X100 or fewer X101-500 XMore than 500 Part I Basic Information 1 Enter the valuation date: Month _________ Day _________ Year _________ 2 Assets: a Market value ......................................................................................................................................................... 2a -123456789012345 b Actuarial value ...................................................................................................................................................... 2b -123456789012345 3 Funding target/participant count breakdown (1) Number of (2) Vested Funding (3) Total Funding participants Target Target a For retired participants and beneficiaries receiving payment ..................................... . b For terminated vested participants ............................................................................. c For active participants ................................................................................................. d Total ............................................................................................................................ 4 If the plan is in at-risk status, check the box and complete lines (a) and (b) .............................. X a Funding target disregarding prescribed at-risk assumptions ................................................................................. 4a -123456789012345 b Funding target reflecting at-risk assumptions, but disregarding transition rule for plans that have been in at-risk status for fewer than five consecutive years and disregarding loading factor ............................................. 4b -123456789012345 5 Effective interest rate ................................................................................................................................................. 5 123.12% 6 Target normal cost a Present value of current plan year accruals .......................................................................................................... 6a b Expected plan-related expenses ........................................................................................................................... 6b c Target normal cost ................................................................................................................................................. 6c Statement by Enrolled Actuary To the best of my knowledge, the information supplied in this schedule andSAMPLEaccompanying schedules, statements and attachments, if any, is complete and accurate. Each prescribed assumption was applied in accordance with applicable law and regulations. In my opinion, each other assumption is reasonable (taking into account the experience of the plan and reasonable expectations) and such other assumptions, in combination, offer my best estimate of anticipated experience under the plan. SIGN HERE Signature of actuary Date ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE YYYY-MM-DD Type or print name of actuary Most recent enrollment number ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 1234567 Firm name Telephone number (including area code) 123456789 ABCDEFGHI ABCDEFGHI ABCDE 1234567890 123456789 ABCDEFGHI ABCDEFGHI ABCDE UK Address of the firm If the actuary has not fully reflected any regulation or ruling promulgated under the statute in completing this schedule, check the box and see instructions X For Paperwork Reduction Act Notice, see the Instructions for Form 5500 or 5500-SF. Schedule SB (Form 5500) 2023 v. 230728 |
Schedule SB (Form 5500) 2023 Page 2 - 1- x Part II Beginning of Year Carryover and Prefunding Balances (a) Carryover balance (b) Prefunding balance 7 Balance at beginning of prior year after applicable adjustments (line 13 from prior -123456789012345 -123456789012345 year) ............................................................................................................................... 8 Portion elected for use to offset prior year’s funding requirement (line 35 from prior year) ............................................................................................................................. -123456789012345 -123456789012345 9 Amount remaining (line 7 minus line 8) .......................................................................... -123456789012345 -123456789012345 10 Interest on line 9 using prior year’s actual return of % ................................. -123456789012345 -123456789012345 11 Prior year’s excess contributions to be added to prefunding balance: a Present value of excess contributions (line 38a from prior year) ................................ -123456789012345 b(1) Interest on the excess, if any, of line 38a over line 38b from prior year Schedule SB, using prior year's effective interest rate of % .............. -123456789012345 b(2) Interest on line 38b from prior year Schedule SB, using prior year's actual return .................................................................................................................... c Total available at beginning of current plan year to add to prefunding balance ................. d Portion of (c) to be added to prefunding balance ....................................................... -123456789012345 -123456789012345 12 Other reductions in balances due to elections or deemed elections .............................. -123456789012345 -123456789012345 13 Balance at beginning of current year (line 9 + line 10 + line 11d –line 12) .................... -123456789012345 -123456789012345 Part III Funding Percentages 14 Funding target attainment percentage ..................................................................................................................................................................... 14 123.12% 15 Adjusted funding target attainment percentage .......................................................................................................................................... 15 123.12% 16 Prior year’s funding percentage for purposes of determining whether carryover/prefunding balances may be used to reduce current year’s funding requirement ......................................................................................................................................................................... 16 123.12% 17 If the current value of the assets of the plan is less than 70 percent of the funding target, enter such percentage. .................................. 17 123.12% Part IV Contributions and Liquidity Shortfalls 18 Contributions made to the plan for the plan year by employer(s) and employees: (a) Date (b) Amount paid by (c) Amount paid by (a) Date (b) Amount paid by (c) Amount paid by (MM-DD-YYYY) employer(s) employees (MM-DD-YYYY) employer(s) employees YYYY-MM-DD 12345678901234 12345678901234 YYYY-MM-DD 12345678901234 123456789012345- YYYY-MM-DD 123456789012345 123456789012345 YYYY-MM-DD 123456789012345- 123456789012345-123456789012345 YYYY-MM-DD 123456789012345 123456789012345 YYYY-MM-DD 12345678901234123456789012345- 123456789012345--123456789012345123456789012345 YYYY-MM-DD 123456789012345 123456789012345 YYYY-MM-DD 12345678901234123456789012345-5 -123456789012345123456789012345--123456789012345123456789012345 YYYY-MM-DD 123456789012345 123456789012345 12345678901234 5-5- -123456789012345-123456789012345-123456789012345123456789012345 -123456789012345 5 5 Totals ► 18(b) 1234567890123412345678901234 5- 18(c)-123456789012345-123456789012345-123456789012345-123456789012345 1234567890123455- -123456789012345-123456789012345-123456789012345 SAMPLE -123456789012345 19 Discounted employer contributions –see instructions for small plan with a valuation date after the beginning12345678901234of the year: 5-- -123456789012345-123456789012345 a Contributions allocated toward unpaid minimum required contributions from prior years. ......................................123456789012341234567890123419a -5 -123456789012345-123456789012345 -123456789012345 123456789012345-5 -123456789012345 b Contributions made to avoid restrictions adjusted to valuation date. ....................................................................... 19b -123456789012345 123456789012345-- cContributions allocated toward minimum required contribution for current year adjusted to valuation1234567890123412345678901234date. ....................19c -5 -123456789012345 20 Quarterly contributions and liquidity shortfalls: 12345678901234-55 a Did the plan have a “funding shortfall” for the prior year? .............................................................................................................................12345678901234--5X Yes X No 1234567890123412345678901234-5 b If line 20a is “Yes,” were required quarterly installments for the current year made in a timely12345678901234manner? .....................................................55- X Yes X No c If line 20a is “Yes,” see instructions and complete the following table as applicable: 12345678901234-5- Liquidity shortfall as of end of quarter of this plan year1234567890123412345678901234 5- (1) 1st (2) 2nd (3) 3rd1234567890123455- (4) 4th -123456789012345 -12345678901234512345678901234-5 -123456789012345 123456789012345 -123456789012345 5 |
Schedule SB (Form 5500) 2023 Page 3 Part V Assumptions Used to Determine Funding Target and Target Normal Cost 21 Discount rate: a Segment rates: 1st segment: 2nd segment: 3rd segment: 123.12_% 123.12_% 123.12 % X N/A, full yield curve used b Applicable month (enter code) ............................................................................................................................ 21b 1 22 Weighted average retirement age ............................................................................................................................ 22 12 23 Mortality table(s) (see instructions) _ Prescribed - combined _ Prescribed - separate _ Substitute Part VI Miscellaneous Items 24 Has a change been made in the non-prescribed actuarial assumptions for the current plan year? If “Yes,” see instructions regarding required attachment. ........................................................................................................................................................................................................X Yes X No 25 Has a method change been made for the current plan year? If “Yes,”instructionssee regarding required attachment. ................................X Yes X No 26 Demographic and benefit information a Is the plan required to provide a Schedule of Active Participants? If “Yes,” see instructions regarding required attachment. ............... X Yes X No b Is the plan required to provide a projection of expected benefit payments? If “Yes,” see instructions regarding required attachment ... X Yes X No 27 If the plan is subject to alternative funding rules, enter applicable code and see instructions regarding 27 attachment .............................................................................................................................................................. Part VII Reconciliation of Unpaid Minimum Required Contributions For Prior Years 28 Unpaid minimum required contributions for all prior years ..................................................................................... 28 -123456789012345 29 Discounted employer contributions allocated toward unpaid minimum required contributions from prior years (line 19a) ................................................................................................................................................................. 29 -123456789012345 30 Remaining amount of unpaid minimum required contributions (line 28 minus line 29) ............................................ 30 -123456789012345 Part VIII Minimum Required Contribution For Current Year 31 Target normal cost and excess assets (see instructions): a Target normal cost (line 6c) ................................................................................................................................. 31a -123456789012345 b Excess assets, if applicable, but not greater than line 31a .................................................................................. 31b 32 Amortization installments: Outstanding Balance Installment a Net shortfall amortization installment ............................................................................... -123456789012345 -123456789012345 b Waiver amortization installment ....................................................................................... -123456789012345 -123456789012345 33 If a waiver has been approved for this plan year, enter the date of the ruling letter granting the approval (Month _________ Day _________ Year _________ )_and the waived amount ............................................. 33 -123456789012345 34 Total funding requirement before reflecting carryover/prefunding balances (lines 31a - 31b + 32a + 32b - 33)..... 34 -123456789012345 Carryover balance Prefunding balance Total balance 35 Balances elected for use to offset funding requirement ................................................................SAMPLE -123456789012345 -123456789012345 -123456789012345 36 Additional cash requirement (line 34 minus line 35) ............................................................................................... 36 -123456789012345 37 Contributions allocated toward minimum required contribution for current year adjusted to valuation date (line -123456789012345 19c) ........................................................................................................................................................................... 37 38 Present value of excess contributions for current year (see instructions) a Total (excess, if any, of line 37 over line 36) 38a -123456789012345 b Portion included in line 38a attributable to use of prefunding and funding standard carryover balances ............. 38b 39 Unpaid minimum required contribution for current year (excess, if any, of line 36 over line 37) ............................ 39 -123456789012345 40 Unpaid minimum required contributions for all years ............................................................................................... 40 -123456789012345 Part IX Pension Funding Relief Under the American Rescue Plan Act of 2021 (See Instructions) 41 If an election was made to use the extended amortization rule for a plan year beginning on or before December 31, 2021, check the box to indicate the first plan year for which the rule applies. X2019 2020 X 2021X |