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RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC. 401k Plan overview

Plan NameRETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC.
Plan identification number 001

RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC. Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

SMIT INTERNATIONAL AMERICAS, INC. has sponsored the creation of one or more 401k plans.

Company Name:SMIT INTERNATIONAL AMERICAS, INC.
Employer identification number (EIN):132737462
NAIC Classification:541330
NAIC Description:Engineering Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-10-01DOUGLAS MARTIN2024-06-28
0012021-10-01DOUGLAS MARTIN2023-07-13
0012020-10-01DOUGLAS MARTIN2022-04-08
0012019-10-01DOUGLAS MARTIN2021-04-21
0012017-10-01DOUGLAS MARTIN2019-02-04
0012015-10-01DOUGLAS MARTIN2017-04-12
0012013-10-01DOUGLAS MARTIN2015-04-20
0012012-10-01DOUGLAS MARTIN2014-04-29
0012011-10-01DOUGLAS MARTIN2013-04-30
0012010-10-01DOUGLAS MARTIN2012-04-25

Plan Statistics for RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC.

401k plan membership statisitcs for RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC.

Measure Date Value
2025: RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC. 2025 401k membership
Total number of particpants at beginning of year2025-04-029
Total number of particpants at end of year2025-04-028
2023: RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC. 2023 401k membership
Market value of plan assets2023-09-302,431,898
Acturial value of plan assets2023-09-302,431,898
Funding target for retired participants and beneficiaries receiving payment2023-09-300
Number of terminated vested participants2023-09-306
Fundng target for terminated vested participants2023-09-30373,133
Active participant vested funding target2023-09-301,449,534
Number of active participants2023-09-303
Total funding liabilities for active participants2023-09-301,449,534
Total participant count2023-09-309
Total funding target for all participants2023-09-301,822,667
Balance at beginning of prior year after applicable adjustments2023-09-300
Prefunding balance at beginning of prior year after applicable adjustments2023-09-301,229,810
Carryover balanced portion elected for use to offset prior years funding requirement2023-09-300
Prefunding balanced used to offset prior years funding requirement2023-09-3046,259
Amount remaining of carryover balance2023-09-300
Amount remaining of prefunding balance2023-09-301,183,551
Present value of excess contributions2023-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-09-300
Reductions in caryover balances due to elections or deemed elections2023-09-300
Reductions in prefunding balances due to elections or deemed elections2023-09-30476,440
Balance of carryovers at beginning of current year2023-09-300
Balance of prefunding at beginning of current year2023-09-30743,801
Total employer contributions2023-09-3036,482
Total employee contributions2023-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2023-09-300
Contributions made to avoid restrictions adjusted to valuation date2023-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-09-3033,805
Unpaid minimum required contributions for all prior years2023-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-09-300
Remaining amount of unpaid minimum required contributions2023-09-300
Minimum required contributions for current year target normal cost2023-09-3033,266
Net shortfall amortization installment of oustanding balance2023-09-300
Waiver amortization installment2023-09-300
Total funding amount beforereflecting carryover/prefunding balances2023-09-3033,266
Carryover balance elected to use to offset funding requirement2023-09-300
Prefunding balance elected to use to offset funding requirement2023-09-300
Additional cash requirement2023-09-3033,266
Contributions allocatedtoward minimum required contributions for current year2023-09-3033,805
Unpaid minimum required contributions for current year2023-09-300
Unpaid minimum required contributions for all years2023-09-300
Total number of particpants at beginning of year2023-07-1311
Total number of particpants at end of year2023-07-139
2022: RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC. 2022 401k membership
Market value of plan assets2022-09-304,593,131
Acturial value of plan assets2022-09-304,593,131
Funding target for retired participants and beneficiaries receiving payment2022-09-300
Number of terminated vested participants2022-09-307
Fundng target for terminated vested participants2022-09-30929,252
Active participant vested funding target2022-09-302,417,483
Number of active participants2022-09-304
Total funding liabilities for active participants2022-09-302,417,483
Total participant count2022-09-3011
Total funding target for all participants2022-09-303,346,735
Balance at beginning of prior year after applicable adjustments2022-09-300
Prefunding balance at beginning of prior year after applicable adjustments2022-09-30934,906
Amount remaining of carryover balance2022-09-300
Amount remaining of prefunding balance2022-09-30934,906
Present value of excess contributions2022-09-30252,573
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-09-30266,389
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-09-30266,389
Reductions in caryover balances due to elections or deemed elections2022-09-300
Reductions in prefunding balances due to elections or deemed elections2022-09-300
Balance of carryovers at beginning of current year2022-09-300
Balance of prefunding at beginning of current year2022-09-301,229,810
Total employer contributions2022-09-300
Total employee contributions2022-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2022-09-300
Contributions made to avoid restrictions adjusted to valuation date2022-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-09-300
Unpaid minimum required contributions for all prior years2022-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-09-300
Remaining amount of unpaid minimum required contributions2022-09-300
Minimum required contributions for current year target normal cost2022-09-3062,845
Net shortfall amortization installment of oustanding balance2022-09-300
Waiver amortization installment2022-09-300
Total funding amount beforereflecting carryover/prefunding balances2022-09-3046,259
Carryover balance elected to use to offset funding requirement2022-09-300
Prefunding balance elected to use to offset funding requirement2022-09-3046,259
Additional cash requirement2022-09-300
Contributions allocatedtoward minimum required contributions for current year2022-09-300
Unpaid minimum required contributions for current year2022-09-300
Unpaid minimum required contributions for all years2022-09-300
2021: RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC. 2021 401k membership
Market value of plan assets2021-09-304,170,101
Acturial value of plan assets2021-09-304,170,101
Funding target for retired participants and beneficiaries receiving payment2021-09-300
Number of terminated vested participants2021-09-307
Fundng target for terminated vested participants2021-09-30900,061
Active participant vested funding target2021-09-302,335,134
Number of active participants2021-09-304
Total funding liabilities for active participants2021-09-302,335,134
Total participant count2021-09-3011
Total funding target for all participants2021-09-303,235,195
Balance at beginning of prior year after applicable adjustments2021-09-300
Prefunding balance at beginning of prior year after applicable adjustments2021-09-30638,362
Carryover balanced portion elected for use to offset prior years funding requirement2021-09-300
Prefunding balanced used to offset prior years funding requirement2021-09-300
Amount remaining of carryover balance2021-09-300
Amount remaining of prefunding balance2021-09-30638,362
Present value of excess contributions2021-09-30350,710
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-09-30370,490
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-09-30275,733
Reductions in caryover balances due to elections or deemed elections2021-09-300
Reductions in prefunding balances due to elections or deemed elections2021-09-300
Balance of carryovers at beginning of current year2021-09-300
Balance of prefunding at beginning of current year2021-09-30934,906
Total employer contributions2021-09-30300,000
Total employee contributions2021-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-09-300
Contributions made to avoid restrictions adjusted to valuation date2021-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-09-30278,446
Unpaid minimum required contributions for all prior years2021-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-09-300
Remaining amount of unpaid minimum required contributions2021-09-300
Minimum required contributions for current year target normal cost2021-09-3025,873
Net shortfall amortization installment of oustanding balance2021-09-300
Waiver amortization installment2021-09-300
Total funding amount beforereflecting carryover/prefunding balances2021-09-3025,873
Additional cash requirement2021-09-3025,873
Contributions allocatedtoward minimum required contributions for current year2021-09-30278,446
Unpaid minimum required contributions for current year2021-09-300
Unpaid minimum required contributions for all years2021-09-300
2020: RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC. 2020 401k membership
Market value of plan assets2020-09-303,653,694
Acturial value of plan assets2020-09-303,653,694
Funding target for retired participants and beneficiaries receiving payment2020-09-300
Number of terminated vested participants2020-09-307
Fundng target for terminated vested participants2020-09-30834,455
Active participant vested funding target2020-09-302,180,877
Number of active participants2020-09-304
Total funding liabilities for active participants2020-09-302,180,877
Total participant count2020-09-3011
Total funding target for all participants2020-09-303,015,332
Balance at beginning of prior year after applicable adjustments2020-09-300
Prefunding balance at beginning of prior year after applicable adjustments2020-09-30641,854
Amount remaining of carryover balance2020-09-300
Amount remaining of prefunding balance2020-09-30641,854
Present value of excess contributions2020-09-3084,974
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-09-3089,919
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-09-300
Reductions in caryover balances due to elections or deemed elections2020-09-300
Reductions in prefunding balances due to elections or deemed elections2020-09-3022,427
Balance of carryovers at beginning of current year2020-09-300
Balance of prefunding at beginning of current year2020-09-30638,362
Total employer contributions2020-09-30400,000
Total employee contributions2020-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-09-300
Contributions made to avoid restrictions adjusted to valuation date2020-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-09-30374,284
Unpaid minimum required contributions for all prior years2020-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-09-300
Remaining amount of unpaid minimum required contributions2020-09-300
Minimum required contributions for current year target normal cost2020-09-3023,574
Net shortfall amortization installment of oustanding balance2020-09-300
Waiver amortization installment2020-09-300
Total funding amount beforereflecting carryover/prefunding balances2020-09-3023,574
Carryover balance elected to use to offset funding requirement2020-09-300
Prefunding balance elected to use to offset funding requirement2020-09-300
Additional cash requirement2020-09-3023,574
Contributions allocatedtoward minimum required contributions for current year2020-09-30374,284
Unpaid minimum required contributions for current year2020-09-300
Unpaid minimum required contributions for all years2020-09-300
2019: RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC. 2019 401k membership
Market value of plan assets2019-09-303,382,146
Acturial value of plan assets2019-09-303,382,146
Funding target for retired participants and beneficiaries receiving payment2019-09-300
Number of terminated vested participants2019-09-306
Fundng target for terminated vested participants2019-09-30533,495
Active participant vested funding target2019-09-302,206,797
Number of active participants2019-09-305
Total funding liabilities for active participants2019-09-302,206,797
Total participant count2019-09-3011
Total funding target for all participants2019-09-302,740,292
Balance at beginning of prior year after applicable adjustments2019-09-300
Prefunding balance at beginning of prior year after applicable adjustments2019-09-30721,233
Carryover balanced portion elected for use to offset prior years funding requirement2019-09-300
Prefunding balanced used to offset prior years funding requirement2019-09-300
Amount remaining of carryover balance2019-09-300
Amount remaining of prefunding balance2019-09-30721,233
Present value of excess contributions2019-09-30215,714
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-09-30228,678
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-09-300
Reductions in caryover balances due to elections or deemed elections2019-09-300
Reductions in prefunding balances due to elections or deemed elections2019-09-3096,616
Balance of carryovers at beginning of current year2019-09-300
Balance of prefunding at beginning of current year2019-09-30641,854
Total employer contributions2019-09-30175,000
Total employee contributions2019-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-09-300
Contributions made to avoid restrictions adjusted to valuation date2019-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-09-30161,294
Unpaid minimum required contributions for all prior years2019-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-09-300
Remaining amount of unpaid minimum required contributions2019-09-300
Minimum required contributions for current year target normal cost2019-09-3076,320
Net shortfall amortization installment of oustanding balance2019-09-300
Waiver amortization installment2019-09-300
Total funding amount beforereflecting carryover/prefunding balances2019-09-3076,320
Additional cash requirement2019-09-3076,320
Contributions allocatedtoward minimum required contributions for current year2019-09-30161,294
Unpaid minimum required contributions for current year2019-09-300
Unpaid minimum required contributions for all years2019-09-300
2018: RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC. 2018 401k membership
Market value of plan assets2018-09-303,235,461
Acturial value of plan assets2018-09-303,235,461
Funding target for retired participants and beneficiaries receiving payment2018-09-300
Number of terminated vested participants2018-09-307
Fundng target for terminated vested participants2018-09-30580,266
Active participant vested funding target2018-09-301,933,962
Number of active participants2018-09-305
Total funding liabilities for active participants2018-09-301,933,962
Total participant count2018-09-3012
Total funding target for all participants2018-09-302,514,228
Balance at beginning of prior year after applicable adjustments2018-09-300
Prefunding balance at beginning of prior year after applicable adjustments2018-09-30950,276
Carryover balanced portion elected for use to offset prior years funding requirement2018-09-300
Prefunding balanced used to offset prior years funding requirement2018-09-300
Amount remaining of carryover balance2018-09-300
Amount remaining of prefunding balance2018-09-30950,276
Present value of excess contributions2018-09-30199,967
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-09-30212,245
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-09-300
Reductions in caryover balances due to elections or deemed elections2018-09-300
Reductions in prefunding balances due to elections or deemed elections2018-09-30258,882
Balance of carryovers at beginning of current year2018-09-300
Balance of prefunding at beginning of current year2018-09-30721,233
Total employer contributions2018-09-30250,000
Total employee contributions2018-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-09-300
Contributions made to avoid restrictions adjusted to valuation date2018-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-09-30247,941
Unpaid minimum required contributions for all prior years2018-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-09-300
Remaining amount of unpaid minimum required contributions2018-09-300
Minimum required contributions for current year target normal cost2018-09-3032,227
Net shortfall amortization installment of oustanding balance2018-09-300
Waiver amortization installment2018-09-300
Total funding amount beforereflecting carryover/prefunding balances2018-09-3032,227
Carryover balance elected to use to offset funding requirement2018-09-300
Prefunding balance elected to use to offset funding requirement2018-09-300
Additional cash requirement2018-09-3032,227
Contributions allocatedtoward minimum required contributions for current year2018-09-30247,941
Unpaid minimum required contributions for current year2018-09-300
Unpaid minimum required contributions for all years2018-09-300
2017: RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC. 2017 401k membership
Market value of plan assets2017-09-304,293,890
Acturial value of plan assets2017-09-304,293,890
Funding target for retired participants and beneficiaries receiving payment2017-09-300
Number of terminated vested participants2017-09-307
Fundng target for terminated vested participants2017-09-30532,802
Active participant vested funding target2017-09-302,810,812
Number of active participants2017-09-306
Total funding liabilities for active participants2017-09-302,810,812
Total participant count2017-09-3013
Total funding target for all participants2017-09-303,343,614
Balance at beginning of prior year after applicable adjustments2017-09-300
Prefunding balance at beginning of prior year after applicable adjustments2017-09-301,078,501
Carryover balanced portion elected for use to offset prior years funding requirement2017-09-300
Prefunding balanced used to offset prior years funding requirement2017-09-300
Amount remaining of carryover balance2017-09-300
Amount remaining of prefunding balance2017-09-301,078,501
Present value of excess contributions2017-09-30120,908
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-09-30128,537
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-09-300
Reductions in caryover balances due to elections or deemed elections2017-09-300
Reductions in prefunding balances due to elections or deemed elections2017-09-30172,551
Balance of carryovers at beginning of current year2017-09-300
Balance of prefunding at beginning of current year2017-09-30950,276
Total employer contributions2017-09-30250,000
Total employee contributions2017-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-09-300
Contributions made to avoid restrictions adjusted to valuation date2017-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-09-30233,558
Unpaid minimum required contributions for all prior years2017-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-09-300
Remaining amount of unpaid minimum required contributions2017-09-300
Minimum required contributions for current year target normal cost2017-09-3033,591
Net shortfall amortization installment of oustanding balance2017-09-300
Waiver amortization installment2017-09-300
Waived amount of outstanding balance2017-09-300
Total funding amount beforereflecting carryover/prefunding balances2017-09-3033,591
Carryover balance elected to use to offset funding requirement2017-09-300
Prefunding balance elected to use to offset funding requirement2017-09-300
Additional cash requirement2017-09-3033,591
Contributions allocatedtoward minimum required contributions for current year2017-09-30233,558
Unpaid minimum required contributions for current year2017-09-300
Unpaid minimum required contributions for all years2017-09-300

Financial Data on RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC.

Measure Date Value
2025 : RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC. 2025 401k financial data
Total liabilities as of the end of the plan year2025-04-020
Total liabilities as of the beginning of the plan year2025-04-020
Total expenses incurred by plan in this plan year2025-04-0218629
Net assets as of the end of the plan year2025-04-022602891
Total assets as of the beginning of the plan year2025-04-022543117
Value of plan covered by a fidelity bond2025-04-02500000
Participant contributions to plan in this plan year2025-04-020
Other expenses paid from plan in this plan year2025-04-025569
Other contributions to plan in this plan year2025-04-020
Other income to plan in this plan year2025-04-0278403
Plan net income in this plan year2025-04-0259774
Net assets as of the end of the plan year2025-04-022602891
Net assets as of the beginning of the plan year2025-04-022543117
Employer contributions to plan in this plan year2025-04-020
Fees paid to broker by Benefit Provider2025-04-025569
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-020
2023 : RETIREMENT PLAN FOR THE EMPLOYEES OF SMIT INTERNATIONAL (AMERICAS), INC. 2023 401k financial data
Total liabilities as of the end of the plan year2023-07-130
Total liabilities as of the beginning of the plan year2023-07-130
Total expenses incurred by plan in this plan year2023-07-132272160
Net assets as of the end of the plan year2023-07-132431898
Total assets as of the beginning of the plan year2023-07-134599454
Value of plan covered by a fidelity bond2023-07-13500000
Participant contributions to plan in this plan year2023-07-130
Other expenses paid from plan in this plan year2023-07-130
Other contributions to plan in this plan year2023-07-130
Other income to plan in this plan year2023-07-13104604
Plan net income in this plan year2023-07-13-2167556
Net assets as of the end of the plan year2023-07-132431898
Net assets as of the beginning of the plan year2023-07-134599454
Employer contributions to plan in this plan year2023-07-130
Fees paid to broker by Benefit Provider2023-07-137604
Expensese paid to adminstrative service provicers from plan in this plan year2023-07-137604

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