?>
Logo

LIBERTY STEEL 401(K) PLAN FOR NON UNION EMPLOYEES 401k Plan overview

Plan NameLIBERTY STEEL 401(K) PLAN FOR NON UNION EMPLOYEES
Plan identification number 001

LIBERTY STEEL 401(K) PLAN FOR NON UNION EMPLOYEES Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

LIBERTY STEEL GEORGETOWN, INC. has sponsored the creation of one or more 401k plans.

Company Name:LIBERTY STEEL GEORGETOWN, INC.
Employer identification number (EIN):201268535
NAIC Classification:332610

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LIBERTY STEEL 401(K) PLAN FOR NON UNION EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01STEVE FINNEGAN2023-10-16
0012021-01-01
0012021-01-01
0012021-01-01PHILLIP CAREY2024-03-01 PHILLIP CAREY2024-03-01
0012020-01-01KAREN SMITH2021-10-14 KAREN SMITH2021-10-14
0012019-01-01KAREN SMITH2020-10-12
0012018-01-01KAREN SMITH2019-10-01
0012018-01-01KAREN SMITH2020-10-12

Plan Statistics for LIBERTY STEEL 401(K) PLAN FOR NON UNION EMPLOYEES

401k plan membership statisitcs for LIBERTY STEEL 401(K) PLAN FOR NON UNION EMPLOYEES

Measure Date Value
2022: LIBERTY STEEL 401(K) PLAN FOR NON UNION EMPLOYEES 2022 401k membership
Total participants, beginning-of-year2022-01-01118
Total number of active participants reported on line 7a of the Form 55002022-01-0193
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-0136
Total of all active and inactive participants2022-01-01130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01130
Number of participants with account balances2022-01-01109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: LIBERTY STEEL 401(K) PLAN FOR NON UNION EMPLOYEES 2021 401k membership
Total participants, beginning-of-year2021-01-01123
Total number of active participants reported on line 7a of the Form 55002021-01-0179
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0163
Total of all active and inactive participants2021-01-01142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01142
Number of participants with account balances2021-01-01125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-011

Financial Data on LIBERTY STEEL 401(K) PLAN FOR NON UNION EMPLOYEES

Measure Date Value
2022 : LIBERTY STEEL 401(K) PLAN FOR NON UNION EMPLOYEES 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$12,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$12,000
Total income from all sources (including contributions)2022-12-31$236,394
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$198,606
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$161,697
Expenses. Certain deemed distributions of participant loans2022-12-31$26,857
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$497,680
Value of total assets at end of year2022-12-31$1,999,901
Value of total assets at beginning of year2022-12-31$1,962,113
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$10,052
Total interest from all sources2022-12-31$4,799
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$45,916
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$45,916
Administrative expenses professional fees incurred2022-12-31$10,052
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$320,483
Participant contributions at end of year2022-12-31$138,340
Participant contributions at beginning of year2022-12-31$101,163
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$233
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$12,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$12,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$37,788
Value of net assets at end of year (total assets less liabilities)2022-12-31$1,987,901
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$1,950,113
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$1,512,135
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$1,563,096
Interest on participant loans2022-12-31$4,799
Value of interest in common/collective trusts at end of year2022-12-31$252,745
Value of interest in common/collective trusts at beginning of year2022-12-31$184,917
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$31,684
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$47,940
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-312,001
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$176,964
Employer contributions (assets) at end of year2022-12-31$64,997
Employer contributions (assets) at beginning of year2022-12-31$64,997
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$161,697
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31SUTTON FROST CARY LLP
Accountancy firm EIN2022-12-31752593210
2021 : LIBERTY STEEL 401(K) PLAN FOR NON UNION EMPLOYEES 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$12,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$12,000
Total income from all sources (including contributions)2021-12-31$827,335
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$752,087
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$523,758
Expenses. Certain deemed distributions of participant loans2021-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$630,408
Value of total assets at end of year2021-12-31$1,962,113
Value of total assets at beginning of year2021-12-31$1,886,865
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$228,329
Total interest from all sources2021-12-31$5,972
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$47,873
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$47,873
Administrative expenses professional fees incurred2021-12-31$17,698
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
If this is an individual account plan, was there a blackout period2021-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$327,139
Participant contributions at end of year2021-12-31$101,163
Participant contributions at beginning of year2021-12-31$26,678
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$61,583
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$78,355
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$12,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$12,000
Administrative expenses (other) incurred2021-12-31$225,975
Total non interest bearing cash at end of year2021-12-31$0
Total non interest bearing cash at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$75,248
Value of net assets at end of year (total assets less liabilities)2021-12-31$1,950,113
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$1,874,865
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$1,709
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$1,563,096
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$1,386,886
Interest on participant loans2021-12-31$4,749
Value of interest in common/collective trusts at end of year2021-12-31$184,917
Value of interest in common/collective trusts at beginning of year2021-12-31$305,464
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$1,223
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$47,940
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$41,257
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$125,310
Net investment gain or loss from common/collective trusts2021-12-31$17,772
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$224,914
Employer contributions (assets) at end of year2021-12-31$64,997
Employer contributions (assets) at beginning of year2021-12-31$64,997
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$523,758
Contract administrator fees2021-12-31$645
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31Yes
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Disclaimer
Accountancy firm name2021-12-31SUTTON FROST CARY LLP
Accountancy firm EIN2021-12-31752593210

Form 5500 Responses for LIBERTY STEEL 401(K) PLAN FOR NON UNION EMPLOYEES

2022: LIBERTY STEEL 401(K) PLAN FOR NON UNION EMPLOYEES 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: LIBERTY STEEL 401(K) PLAN FOR NON UNION EMPLOYEES 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number513929-01
Policy instance 1
Insurance contract or identification number513929-01
Number of Individuals Covered23
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number513929-01
Policy instance 1
Insurance contract or identification number513929-01
Number of Individuals Covered58
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberMR- 63091-2
Policy instance 2
Insurance contract or identification numberMR- 63091-2
Number of Individuals Covered0
Insurance policy start date2021-01-01
Insurance policy end date2021-05-13
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberMR-63091-2
Policy instance 2
Insurance contract or identification numberMR-63091-2
Number of Individuals Covered0
Insurance policy start date2021-01-01
Insurance policy end date2021-05-13
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3