Civic Intelligence

Litke Painting Inc

Plan context: LITKE PAINTING, INC. CASH BALANCE PLAN

EIN 20-1549768 • Rosemount, MN • 14 filings • 3 plans

16063 Fishing AveRosemount, MN 55068
Current Snapshot

Latest Year

2022

2022 Participants

4

2022 Assets

$298,649

2022 Contributions

$60,000

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$734,728$367,364$0201420182021YearValue
$298,649Latest year 2021

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

420201420182021YearValue
4Latest year 2021

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202220$0$60,000-
LITKE PAINTING, INC. CASH BALANCE PLAN-0$0$60,000-
LITKE PAINTING, INC. PROFIT SHARING PLAN-0$0--
202124$298,649$90,456$22,614iApproximate average salary by contribution assumption: employee only about $565,350 at 4% or $376,900 at 6%; with 50% employer match about $376,900 at 4% or $251,267 at 6%; with 100% employer match about $282,675 at 4% or $188,450 at 6%.
LITKE PAINTING, INC. CASH BALANCE PLAN-4$289,349$85,000$21,250iApproximate average salary by contribution assumption: employee only about $531,250 at 4% or $354,167 at 6%; with 50% employer match about $354,167 at 4% or $236,111 at 6%; with 100% employer match about $265,625 at 4% or $177,083 at 6%.
LITKE PAINTING, INC. PROFIT SHARING PLAN-2$9,300$5,456$2,728iApproximate average salary by contribution assumption: employee only about $68,200 at 4% or $45,467 at 6%; with 50% employer match about $45,467 at 4% or $30,311 at 6%; with 100% employer match about $34,100 at 4% or $22,733 at 6%.
202024$734,728$82,377$20,594iApproximate average salary by contribution assumption: employee only about $514,856 at 4% or $343,238 at 6%; with 50% employer match about $343,238 at 4% or $228,825 at 6%; with 100% employer match about $257,428 at 4% or $171,619 at 6%.
LITKE PAINTING, INC. CASH BALANCE PLAN-4$731,303$80,000$20,000iApproximate average salary by contribution assumption: employee only about $500,000 at 4% or $333,333 at 6%; with 50% employer match about $333,333 at 4% or $222,222 at 6%; with 100% employer match about $250,000 at 4% or $166,667 at 6%.
LITKE PAINTING, INC. PROFIT SHARING PLAN-2$3,425$2,377$1,189iApproximate average salary by contribution assumption: employee only about $29,713 at 4% or $19,808 at 6%; with 50% employer match about $19,808 at 4% or $13,206 at 6%; with 100% employer match about $14,856 at 4% or $9,904 at 6%.
201923$557,598$130,791$43,597iApproximate average salary by contribution assumption: employee only about $1,089,925 at 4% or $726,617 at 6%; with 50% employer match about $726,617 at 4% or $484,411 at 6%; with 100% employer match about $544,963 at 4% or $363,308 at 6%.
LITKE PAINTING, INC. CASH BALANCE PLAN-3$556,598$129,791$43,264iApproximate average salary by contribution assumption: employee only about $1,081,592 at 4% or $721,061 at 6%; with 50% employer match about $721,061 at 4% or $480,707 at 6%; with 100% employer match about $540,796 at 4% or $360,531 at 6%.
LITKE PAINTING, INC. PROFIT SHARING PLAN-3$1,000$1,000$333iApproximate average salary by contribution assumption: employee only about $8,333 at 4% or $5,556 at 6%; with 50% employer match about $5,556 at 4% or $3,704 at 6%; with 100% employer match about $4,167 at 4% or $2,778 at 6%.
201812$365,870$171,474$85,737iApproximate average salary by contribution assumption: employee only about $2,143,425 at 4% or $1,428,950 at 6%; with 50% employer match about $1,428,950 at 4% or $952,633 at 6%; with 100% employer match about $1,071,713 at 4% or $714,475 at 6%.
LITKE PAINTING, INC. CASH BALANCE PLAN-2$365,870$171,474$85,737iApproximate average salary by contribution assumption: employee only about $2,143,425 at 4% or $1,428,950 at 6%; with 50% employer match about $1,428,950 at 4% or $952,633 at 6%; with 100% employer match about $1,071,713 at 4% or $714,475 at 6%.
201722$216,794$276,968$138,484iApproximate average salary by contribution assumption: employee only about $3,462,100 at 4% or $2,308,067 at 6%; with 50% employer match about $2,308,067 at 4% or $1,538,711 at 6%; with 100% employer match about $1,731,050 at 4% or $1,154,033 at 6%.
LITKE PAINTING, INC. CASH BALANCE PLAN-2$216,794$214,812$107,406iApproximate average salary by contribution assumption: employee only about $2,685,150 at 4% or $1,790,100 at 6%; with 50% employer match about $1,790,100 at 4% or $1,193,400 at 6%; with 100% employer match about $1,342,575 at 4% or $895,050 at 6%.
Litke Painting 401(K) Plan-0$0$62,156-
201612$145,174$55,200$27,600iApproximate average salary by contribution assumption: employee only about $690,000 at 4% or $460,000 at 6%; with 50% employer match about $460,000 at 4% or $306,667 at 6%; with 100% employer match about $345,000 at 4% or $230,000 at 6%.
Litke Painting 401(K) Plan-2$145,174$55,200$27,600iApproximate average salary by contribution assumption: employee only about $690,000 at 4% or $460,000 at 6%; with 50% employer match about $460,000 at 4% or $306,667 at 6%; with 100% employer match about $345,000 at 4% or $230,000 at 6%.
201512$80,426$55,800$27,900iApproximate average salary by contribution assumption: employee only about $697,500 at 4% or $465,000 at 6%; with 50% employer match about $465,000 at 4% or $310,000 at 6%; with 100% employer match about $348,750 at 4% or $232,500 at 6%.
Litke Painting 401(K) Plan-2$80,426$55,800$27,900iApproximate average salary by contribution assumption: employee only about $697,500 at 4% or $465,000 at 6%; with 50% employer match about $465,000 at 4% or $310,000 at 6%; with 100% employer match about $348,750 at 4% or $232,500 at 6%.
201412$25,722$25,600$12,800iApproximate average salary by contribution assumption: employee only about $320,000 at 4% or $213,333 at 6%; with 50% employer match about $213,333 at 4% or $142,222 at 6%; with 100% employer match about $160,000 at 4% or $106,667 at 6%.
Litke Painting 401(K) Plan-2$25,722$25,600$12,800iApproximate average salary by contribution assumption: employee only about $320,000 at 4% or $213,333 at 6%; with 50% employer match about $213,333 at 4% or $142,222 at 6%; with 100% employer match about $160,000 at 4% or $106,667 at 6%.