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SUN CHEMICAL 401 (K) SAVINGS PLAN (FOR PARTICIPATING UNIONS) 401k Plan overview

Plan NameSUN CHEMICAL 401 (K) SAVINGS PLAN (FOR PARTICIPATING UNIONS)
Plan identification number 004

SUN CHEMICAL 401 (K) SAVINGS PLAN (FOR PARTICIPATING UNIONS) Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:SUN CHEMICAL CORPORATION
Employer identification number (EIN):222761287
NAIC Classification:325900
NAIC Description:Other Chemical Product and Preparation Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SUN CHEMICAL 401 (K) SAVINGS PLAN (FOR PARTICIPATING UNIONS)

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042020-01-01

Plan Statistics for SUN CHEMICAL 401 (K) SAVINGS PLAN (FOR PARTICIPATING UNIONS)

401k plan membership statisitcs for SUN CHEMICAL 401 (K) SAVINGS PLAN (FOR PARTICIPATING UNIONS)

Measure Date Value
2020: SUN CHEMICAL 401 (K) SAVINGS PLAN (FOR PARTICIPATING UNIONS) 2020 401k membership
Total participants, beginning-of-year2020-01-01161
Total number of active participants reported on line 7a of the Form 55002020-01-01143
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0113
Total of all active and inactive participants2020-01-01156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-01157
Number of participants with account balances2020-01-0156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-011

Financial Data on SUN CHEMICAL 401 (K) SAVINGS PLAN (FOR PARTICIPATING UNIONS)

Measure Date Value
2020 : SUN CHEMICAL 401 (K) SAVINGS PLAN (FOR PARTICIPATING UNIONS) 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$396,095
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$47,246
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$47,246
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$147,969
Value of total assets at end of year2020-12-31$1,845,734
Value of total assets at beginning of year2020-12-31$1,496,885
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$0
Total interest from all sources2020-12-31$2,953
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$129,172
Participant contributions at end of year2020-12-31$65,003
Participant contributions at beginning of year2020-12-31$46,098
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$348,849
Value of net assets at end of year (total assets less liabilities)2020-12-31$1,845,734
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$1,496,885
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Interest on participant loans2020-12-31$2,953
Value of interest in master investment trust accounts at end of year2020-12-31$1,780,731
Value of interest in master investment trust accounts at beginning of year2020-12-31$1,450,787
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$18,797
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$47,246
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31WISS & COMPANY, LLP
Accountancy firm EIN2020-12-31221732349

Form 5500 Responses for SUN CHEMICAL 401 (K) SAVINGS PLAN (FOR PARTICIPATING UNIONS)

2020: SUN CHEMICAL 401 (K) SAVINGS PLAN (FOR PARTICIPATING UNIONS) 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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