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RETIREMENT PLAN FOR HOURLY PAID EMPLOYEES OF THE CORDAGE DIVISION (P-7) 401k Plan overview

Plan NameRETIREMENT PLAN FOR HOURLY PAID EMPLOYEES OF THE CORDAGE DIVISION (P-7)
Plan identification number 012

RETIREMENT PLAN FOR HOURLY PAID EMPLOYEES OF THE CORDAGE DIVISION (P-7) Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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).
  • 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

AMERICAN MANUFACTURING CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:AMERICAN MANUFACTURING CORPORATION
Employer identification number (EIN):232191584
NAIC Classification:333510

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR HOURLY PAID EMPLOYEES OF THE CORDAGE DIVISION (P-7)

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0122017-01-01VINCENT MASCHERINO
0122016-01-01VINCENT MASCHERINO VINCENT MASCHERINO2017-10-13

Plan Statistics for RETIREMENT PLAN FOR HOURLY PAID EMPLOYEES OF THE CORDAGE DIVISION (P-7)

401k plan membership statisitcs for RETIREMENT PLAN FOR HOURLY PAID EMPLOYEES OF THE CORDAGE DIVISION (P-7)

Measure Date Value
2017: RETIREMENT PLAN FOR HOURLY PAID EMPLOYEES OF THE CORDAGE DIVISION (P-7) 2017 401k membership
Market value of plan assets2017-12-312,307,766
Acturial value of plan assets2017-12-312,316,235
Funding target for retired participants and beneficiaries receiving payment2017-12-31791,241
Number of terminated vested participants2017-12-31131
Fundng target for terminated vested participants2017-12-31781,726
Active participant vested funding target2017-12-31262,674
Number of active participants2017-12-3127
Total funding liabilities for active participants2017-12-31262,674
Total participant count2017-12-31221
Total funding target for all participants2017-12-311,835,641
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31556,679
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31590,525
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31217,573
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31205,844
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31205,844
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-01221
Total number of active participants reported on line 7a of the Form 55002017-01-010
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: RETIREMENT PLAN FOR HOURLY PAID EMPLOYEES OF THE CORDAGE DIVISION (P-7) 2016 401k membership
Market value of plan assets2016-12-311,606,303
Acturial value of plan assets2016-12-311,657,694
Funding target for retired participants and beneficiaries receiving payment2016-12-31727,940
Number of terminated vested participants2016-12-31132
Fundng target for terminated vested participants2016-12-31719,452
Active participant vested funding target2016-12-31299,471
Number of active participants2016-12-3130
Total funding liabilities for active participants2016-12-31299,471
Total participant count2016-12-31228
Total funding target for all participants2016-12-311,746,863
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-311,151
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-311,223
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31669,893
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31637,400
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-3142,644
Net shortfall amortization installment of oustanding balance2016-12-3189,169
Total funding amount beforereflecting carryover/prefunding balances2016-12-3180,721
Additional cash requirement2016-12-3180,721
Contributions allocatedtoward minimum required contributions for current year2016-12-31637,400
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-01228
Total number of active participants reported on line 7a of the Form 55002016-01-0127
Number of retired or separated participants receiving benefits2016-01-0156
Number of other retired or separated participants entitled to future benefits2016-01-01131
Total of all active and inactive participants2016-01-01214
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-017
Total participants2016-01-01221
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on RETIREMENT PLAN FOR HOURLY PAID EMPLOYEES OF THE CORDAGE DIVISION (P-7)

Measure Date Value
2017 : RETIREMENT PLAN FOR HOURLY PAID EMPLOYEES OF THE CORDAGE DIVISION (P-7) 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$107
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$9,549
Total income from all sources (including contributions)2017-12-31$393,625
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$2,691,842
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$2,564,366
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$217,573
Value of total assets at end of year2017-12-31$107
Value of total assets at beginning of year2017-12-31$2,307,766
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$127,476
Total interest from all sources2017-12-31$1,492
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$51,370
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2017-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$51,370
Administrative expenses professional fees incurred2017-12-31$86,344
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$107
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$6,223
Other income not declared elsewhere2017-12-31$136
Administrative expenses (other) incurred2017-12-31$36,863
Liabilities. Value of operating payables at end of year2017-12-31$107
Liabilities. Value of operating payables at beginning of year2017-12-31$9,549
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$-2,298,217
Value of net assets at end of year (total assets less liabilities)2017-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$2,298,217
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$4,269
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$2,301,543
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$1,492
Expenses. Payments to insurance carriers foe the provision of benefits2017-12-31$1,568,162
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$123,054
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31Yes
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$217,573
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$996,204
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$3,220,538
Aggregate carrying amount (costs) on sale of assets2017-12-31$3,220,538
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31KREISCHER MILLER
Accountancy firm EIN2017-12-31231988475
2016 : RETIREMENT PLAN FOR HOURLY PAID EMPLOYEES OF THE CORDAGE DIVISION (P-7) 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$9,549
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$8,926
Total income from all sources (including contributions)2016-12-31$826,042
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$125,203
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$80,657
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$669,893
Value of total assets at end of year2016-12-31$2,307,766
Value of total assets at beginning of year2016-12-31$1,606,304
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$44,546
Total interest from all sources2016-12-31$9
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$60,398
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$60,398
Administrative expenses professional fees incurred2016-12-31$24,298
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$6,223
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$4,240
Administrative expenses (other) incurred2016-12-31$15,950
Liabilities. Value of operating payables at end of year2016-12-31$9,549
Liabilities. Value of operating payables at beginning of year2016-12-31$8,926
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$700,839
Value of net assets at end of year (total assets less liabilities)2016-12-31$2,298,217
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$1,597,378
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$4,298
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$2,301,543
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$1,591,064
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$9
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$95,742
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$669,893
Employer contributions (assets) at beginning of year2016-12-31$11,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$80,657
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Aggregate proceeds on sale of assets2016-12-31$727,605
Aggregate carrying amount (costs) on sale of assets2016-12-31$727,605
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31KREISCHER MILLER
Accountancy firm EIN2016-12-31231980475

Form 5500 Responses for RETIREMENT PLAN FOR HOURLY PAID EMPLOYEES OF THE CORDAGE DIVISION (P-7)

2017: RETIREMENT PLAN FOR HOURLY PAID EMPLOYEES OF THE CORDAGE DIVISION (P-7) 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingYes
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: RETIREMENT PLAN FOR HOURLY PAID EMPLOYEES OF THE CORDAGE DIVISION (P-7) 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MUTUAL OF OMAHA (National Association of Insurance Commissioners NAIC id number: 69868 )
Policy contract numberSPG23279 23786
Policy instance 1
Insurance contract or identification numberSPG23279 23786
Number of Individuals Covered106
Insurance policy start date2017-09-01
Insurance policy end date2017-12-31
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?No
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

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