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THE RETIREMENT PLAN FOR HOURLY-PAID EMPLOYEES OF AMSPEC CHEMICAL CORPORATION 401k Plan overview

Plan NameTHE RETIREMENT PLAN FOR HOURLY-PAID EMPLOYEES OF AMSPEC CHEMICAL CORPORATION
Plan identification number 001

THE RETIREMENT PLAN FOR HOURLY-PAID EMPLOYEES OF AMSPEC CHEMICAL CORPORATION 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).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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.

401k Sponsoring company profile

AMSPEC CHEMICAL CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:AMSPEC CHEMICAL CORPORATION
Employer identification number (EIN):222446097
NAIC Classification:325100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE RETIREMENT PLAN FOR HOURLY-PAID EMPLOYEES OF AMSPEC CHEMICAL CORPORATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-04-01KAY PALI2020-04-15
0012015-04-01KAY PALI2017-01-17
0012014-04-01KAY A. PALI2016-01-07 KAY A. PALI2016-01-07
0012014-01-01MARIA BERNAL2015-06-17
0012014-01-01MARIA BERNAL2015-05-21
0012013-04-01KAY A. PALI2015-01-13 KAY A. PALI2015-01-13
0012012-04-01KAY A. PALI2014-01-09 KAY A. PALI2014-01-09
0012011-04-01KAY A. PALI2013-01-11 KAY A. PALI2013-01-11
0012010-04-01KAY A. PALI2012-01-12 KAY A. PALI2012-01-12

Plan Statistics for THE RETIREMENT PLAN FOR HOURLY-PAID EMPLOYEES OF AMSPEC CHEMICAL CORPORATION

401k plan membership statisitcs for THE RETIREMENT PLAN FOR HOURLY-PAID EMPLOYEES OF AMSPEC CHEMICAL CORPORATION

Measure Date Value
2017: THE RETIREMENT PLAN FOR HOURLY-PAID EMPLOYEES OF AMSPEC CHEMICAL CORPORATION 2017 401k membership
Market value of plan assets2017-03-31706,181
Acturial value of plan assets2017-03-31706,181
Funding target for retired participants and beneficiaries receiving payment2017-03-311,133,087
Number of terminated vested participants2017-03-3121
Fundng target for terminated vested participants2017-03-31641,454
Active participant vested funding target2017-03-315,759
Number of active participants2017-03-311
Total funding liabilities for active participants2017-03-315,759
Total participant count2017-03-3146
Total funding target for all participants2017-03-311,780,300
Balance at beginning of prior year after applicable adjustments2017-03-310
Prefunding balance at beginning of prior year after applicable adjustments2017-03-310
Amount remaining of carryover balance2017-03-310
Amount remaining of prefunding balance2017-03-310
Present value of excess contributions2017-03-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-03-310
Balance of carryovers at beginning of current year2017-03-310
Balance of prefunding at beginning of current year2017-03-310
Total employer contributions2017-03-310
Total employee contributions2017-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-03-310
Contributions made to avoid restrictions adjusted to valuation date2017-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-03-310
Unpaid minimum required contributions for all prior years2017-03-311,781,527
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-03-310
Remaining amount of unpaid minimum required contributions2017-03-311,781,527
Minimum required contributions for current year target normal cost2017-03-3113,202
Net shortfall amortization installment of oustanding balance2017-03-311,074,119
Waiver amortization installment2017-03-310
Total funding amount beforereflecting carryover/prefunding balances2017-03-31272,253
Additional cash requirement2017-03-31272,253
Contributions allocatedtoward minimum required contributions for current year2017-03-310
Unpaid minimum required contributions for current year2017-03-31272,253
Unpaid minimum required contributions for all years2017-03-312,053,780

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