401k Plan data: TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN plan

TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN 401k Plan overview

Plan Name	TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN
Plan identification number	001

TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN Benefits

401k Plan Type

Defined 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).
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

TITAN TOOL COMPANY has sponsored the creation of one or more 401k plans.

Company Name: TITAN TOOL COMPANY

Employer identification number (EIN): 250839620

NAIC Classification: 333900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 KELSEY GILMORE 2023-09-26
001 2021-01-01 KELSEY GILMORE 2022-07-22
001 2020-01-01 KELSEY GILMORE 2021-07-19
001 2019-01-01 FRANK HODAS 2020-07-15
001 2018-01-01 FRANK HODAS 2019-07-01
001 2017-01-01 FRANK HODAS 2018-05-16
001 2016-01-01 FRANK HODAS 2017-07-11
001 2015-01-01 FRANK HODAS 2016-05-26
001 2014-01-01 FRANK HODAS 2015-09-15
001 2013-01-01 FRANK HODAS 2014-10-03
001 2012-01-01 FRANK HODAS 2013-10-04
001 2011-01-01 FRANK HODAS 2012-09-18
001 2010-01-01 FRANK HODAS 2011-10-05

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01	KELSEY GILMORE	2023-09-26
001	2021-01-01	KELSEY GILMORE	2022-07-22
001	2020-01-01	KELSEY GILMORE	2021-07-19
001	2019-01-01	FRANK HODAS	2020-07-15
001	2018-01-01	FRANK HODAS	2019-07-01
001	2017-01-01	FRANK HODAS	2018-05-16
001	2016-01-01	FRANK HODAS	2017-07-11
001	2015-01-01	FRANK HODAS	2016-05-26
001	2014-01-01	FRANK HODAS	2015-09-15
001	2013-01-01	FRANK HODAS	2014-10-03
001	2012-01-01	FRANK HODAS	2013-10-04
001	2011-01-01	FRANK HODAS	2012-09-18
001	2010-01-01	FRANK HODAS	2011-10-05

Plan Statistics for TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN

401k plan membership statisitcs for TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN

Measure Date Value
2022: TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN 2022 401k membership
Market value of plan assets 2022-12-31 692,340
Acturial value of plan assets 2022-12-31 645,779
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 537,891
Number of terminated vested participants 2022-12-31 6
Fundng target for terminated vested participants 2022-12-31 39,992
Active participant vested funding target 2022-12-31 3,257
Number of active participants 2022-12-31 2
Total funding liabilities for active participants 2022-12-31 3,257
Total participant count 2022-12-31 15
Total funding target for all participants 2022-12-31 581,140
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 29,246
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 29,246
Present value of excess contributions 2022-12-31 21,219
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 22,395
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 32,533
Total employer contributions 2022-12-31 20,000
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 19,245
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 2,445
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 0
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 19,245
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN 2021 401k membership
Market value of plan assets 2021-12-31 771,480
Acturial value of plan assets 2021-12-31 705,592
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 543,060
Number of terminated vested participants 2021-12-31 6
Fundng target for terminated vested participants 2021-12-31 35,725
Active participant vested funding target 2021-12-31 97,090
Number of active participants 2021-12-31 4
Total funding liabilities for active participants 2021-12-31 97,090
Total participant count 2021-12-31 17
Total funding target for all participants 2021-12-31 675,875
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 25,797
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 25,797
Present value of excess contributions 2021-12-31 4,683
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 4,933
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 29,246
Total employer contributions 2021-12-31 27,500
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 26,725
Liquidity shortfalls end of Q1 2021-12-31 0
Liquidity shortfalls end of Q2 2021-12-31 0
Liquidity shortfalls end of Q3 2021-12-31 0
Liquidity shortfalls end of Q4 2021-12-31 0
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 5,977
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 5,506
Additional cash requirement 2021-12-31 5,506
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 26,725
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN 2020 401k membership
Market value of plan assets 2020-12-31 706,430
Acturial value of plan assets 2020-12-31 674,904
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 567,159
Number of terminated vested participants 2020-12-31 6
Fundng target for terminated vested participants 2020-12-31 34,844
Active participant vested funding target 2020-12-31 93,568
Number of active participants 2020-12-31 4
Total funding liabilities for active participants 2020-12-31 93,568
Total participant count 2020-12-31 17
Total funding target for all participants 2020-12-31 695,571
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 21,631
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 21,631
Present value of excess contributions 2020-12-31 1,477
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 1,558
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 25,797
Total employer contributions 2020-12-31 22,922
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 22,535
Liquidity shortfalls end of Q1 2020-12-31 0
Liquidity shortfalls end of Q2 2020-12-31 0
Liquidity shortfalls end of Q3 2020-12-31 0
Liquidity shortfalls end of Q4 2020-12-31 0
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 5,606
Net shortfall amortization installment of oustanding balance 2020-12-31 46,464
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 17,852
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 17,852
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 22,535
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN 2019 401k membership
Market value of plan assets 2019-12-31 619,321
Acturial value of plan assets 2019-12-31 647,101
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 571,726
Number of terminated vested participants 2019-12-31 5
Fundng target for terminated vested participants 2019-12-31 25,368
Active participant vested funding target 2019-12-31 92,852
Number of active participants 2019-12-31 5
Total funding liabilities for active participants 2019-12-31 92,852
Total participant count 2019-12-31 17
Total funding target for all participants 2019-12-31 689,946
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 22,924
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 22,924
Present value of excess contributions 2019-12-31 1,653
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 1,747
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 21,631
Total employer contributions 2019-12-31 20,800
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 20,300
Liquidity shortfalls end of Q1 2019-12-31 0
Liquidity shortfalls end of Q2 2019-12-31 0
Liquidity shortfalls end of Q3 2019-12-31 0
Liquidity shortfalls end of Q4 2019-12-31 0
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 5,455
Net shortfall amortization installment of oustanding balance 2019-12-31 64,476
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 18,823
Additional cash requirement 2019-12-31 18,823
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 20,300
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN 2018 401k membership
Market value of plan assets 2018-12-31 685,434
Acturial value of plan assets 2018-12-31 643,791
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 559,927
Number of terminated vested participants 2018-12-31 5
Fundng target for terminated vested participants 2018-12-31 22,767
Active participant vested funding target 2018-12-31 118,448
Number of active participants 2018-12-31 6
Total funding liabilities for active participants 2018-12-31 118,448
Total participant count 2018-12-31 18
Total funding target for all participants 2018-12-31 701,142
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 19,844
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 19,844
Present value of excess contributions 2018-12-31 633
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 670
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 22,924
Total employer contributions 2018-12-31 21,710
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 20,987
Liquidity shortfalls end of Q1 2018-12-31 0
Liquidity shortfalls end of Q2 2018-12-31 0
Liquidity shortfalls end of Q3 2018-12-31 0
Liquidity shortfalls end of Q4 2018-12-31 0
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 5,102
Net shortfall amortization installment of oustanding balance 2018-12-31 80,275
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 19,334
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 19,334
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 20,987
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 739,002
Acturial value of plan assets 2017-12-31 761,598
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 223,934
Number of terminated vested participants 2017-12-31 5
Fundng target for terminated vested participants 2017-12-31 19,438
Active participant vested funding target 2017-12-31 550,650
Number of active participants 2017-12-31 9
Total funding liabilities for active participants 2017-12-31 550,650
Total participant count 2017-12-31 19
Total funding target for all participants 2017-12-31 794,022
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 18,919
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 18,919
Present value of excess contributions 2017-12-31 1,662
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 1,762
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 19,844
Total employer contributions 2017-12-31 16,000
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 15,427
Liquidity shortfalls end of Q1 2017-12-31 0
Liquidity shortfalls end of Q2 2017-12-31 0
Liquidity shortfalls end of Q3 2017-12-31 0
Liquidity shortfalls end of Q4 2017-12-31 0
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 6,116
Net shortfall amortization installment of oustanding balance 2017-12-31 52,268
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 14,794
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 0
Additional cash requirement 2017-12-31 14,794
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 15,427
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 718,622
Acturial value of plan assets 2016-12-31 756,246
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 223,955
Number of terminated vested participants 2016-12-31 5
Fundng target for terminated vested participants 2016-12-31 17,215
Active participant vested funding target 2016-12-31 501,035
Number of active participants 2016-12-31 9
Total funding liabilities for active participants 2016-12-31 501,035
Total participant count 2016-12-31 19
Total funding target for all participants 2016-12-31 742,205
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 19,172
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 19,172
Present value of excess contributions 2016-12-31 32,976
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 35,034
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 18,919
Total employer contributions 2016-12-31 10,000
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 9,714
Liquidity shortfalls end of Q1 2016-12-31 0
Liquidity shortfalls end of Q2 2016-12-31 0
Liquidity shortfalls end of Q3 2016-12-31 0
Liquidity shortfalls end of Q4 2016-12-31 0
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 7,246
Net shortfall amortization installment of oustanding balance 2016-12-31 4,878
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 8,052
Additional cash requirement 2016-12-31 8,052
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 9,714
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2022: TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN 2022 401k membership
Market value of plan assets	2022-12-31	692,340
Acturial value of plan assets	2022-12-31	645,779
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	537,891
Number of terminated vested participants	2022-12-31	6
Fundng target for terminated vested participants	2022-12-31	39,992
Active participant vested funding target	2022-12-31	3,257
Number of active participants	2022-12-31	2
Total funding liabilities for active participants	2022-12-31	3,257
Total participant count	2022-12-31	15
Total funding target for all participants	2022-12-31	581,140
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	29,246
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	29,246
Present value of excess contributions	2022-12-31	21,219
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	22,395
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	32,533
Total employer contributions	2022-12-31	20,000
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	19,245
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	2,445
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	0
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	19,245
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	771,480
Acturial value of plan assets	2021-12-31	705,592
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	543,060
Number of terminated vested participants	2021-12-31	6
Fundng target for terminated vested participants	2021-12-31	35,725
Active participant vested funding target	2021-12-31	97,090
Number of active participants	2021-12-31	4
Total funding liabilities for active participants	2021-12-31	97,090
Total participant count	2021-12-31	17
Total funding target for all participants	2021-12-31	675,875
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	25,797
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	25,797
Present value of excess contributions	2021-12-31	4,683
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	4,933
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	29,246
Total employer contributions	2021-12-31	27,500
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	26,725
Liquidity shortfalls end of Q1	2021-12-31	0
Liquidity shortfalls end of Q2	2021-12-31	0
Liquidity shortfalls end of Q3	2021-12-31	0
Liquidity shortfalls end of Q4	2021-12-31	0
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	5,977
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	5,506
Additional cash requirement	2021-12-31	5,506
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	26,725
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	706,430
Acturial value of plan assets	2020-12-31	674,904
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	567,159
Number of terminated vested participants	2020-12-31	6
Fundng target for terminated vested participants	2020-12-31	34,844
Active participant vested funding target	2020-12-31	93,568
Number of active participants	2020-12-31	4
Total funding liabilities for active participants	2020-12-31	93,568
Total participant count	2020-12-31	17
Total funding target for all participants	2020-12-31	695,571
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	21,631
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	21,631
Present value of excess contributions	2020-12-31	1,477
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	1,558
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	25,797
Total employer contributions	2020-12-31	22,922
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	22,535
Liquidity shortfalls end of Q1	2020-12-31	0
Liquidity shortfalls end of Q2	2020-12-31	0
Liquidity shortfalls end of Q3	2020-12-31	0
Liquidity shortfalls end of Q4	2020-12-31	0
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	5,606
Net shortfall amortization installment of oustanding balance	2020-12-31	46,464
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	17,852
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	17,852
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	22,535
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-31	619,321
Acturial value of plan assets	2019-12-31	647,101
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	571,726
Number of terminated vested participants	2019-12-31	5
Fundng target for terminated vested participants	2019-12-31	25,368
Active participant vested funding target	2019-12-31	92,852
Number of active participants	2019-12-31	5
Total funding liabilities for active participants	2019-12-31	92,852
Total participant count	2019-12-31	17
Total funding target for all participants	2019-12-31	689,946
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	22,924
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	22,924
Present value of excess contributions	2019-12-31	1,653
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	1,747
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	21,631
Total employer contributions	2019-12-31	20,800
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	20,300
Liquidity shortfalls end of Q1	2019-12-31	0
Liquidity shortfalls end of Q2	2019-12-31	0
Liquidity shortfalls end of Q3	2019-12-31	0
Liquidity shortfalls end of Q4	2019-12-31	0
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	5,455
Net shortfall amortization installment of oustanding balance	2019-12-31	64,476
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	18,823
Additional cash requirement	2019-12-31	18,823
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	20,300
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	685,434
Acturial value of plan assets	2018-12-31	643,791
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	559,927
Number of terminated vested participants	2018-12-31	5
Fundng target for terminated vested participants	2018-12-31	22,767
Active participant vested funding target	2018-12-31	118,448
Number of active participants	2018-12-31	6
Total funding liabilities for active participants	2018-12-31	118,448
Total participant count	2018-12-31	18
Total funding target for all participants	2018-12-31	701,142
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	19,844
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	19,844
Present value of excess contributions	2018-12-31	633
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	670
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	22,924
Total employer contributions	2018-12-31	21,710
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	20,987
Liquidity shortfalls end of Q1	2018-12-31	0
Liquidity shortfalls end of Q2	2018-12-31	0
Liquidity shortfalls end of Q3	2018-12-31	0
Liquidity shortfalls end of Q4	2018-12-31	0
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	5,102
Net shortfall amortization installment of oustanding balance	2018-12-31	80,275
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	19,334
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	19,334
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	20,987
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	739,002
Acturial value of plan assets	2017-12-31	761,598
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	223,934
Number of terminated vested participants	2017-12-31	5
Fundng target for terminated vested participants	2017-12-31	19,438
Active participant vested funding target	2017-12-31	550,650
Number of active participants	2017-12-31	9
Total funding liabilities for active participants	2017-12-31	550,650
Total participant count	2017-12-31	19
Total funding target for all participants	2017-12-31	794,022
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	18,919
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	18,919
Present value of excess contributions	2017-12-31	1,662
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	1,762
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	19,844
Total employer contributions	2017-12-31	16,000
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	15,427
Liquidity shortfalls end of Q1	2017-12-31	0
Liquidity shortfalls end of Q2	2017-12-31	0
Liquidity shortfalls end of Q3	2017-12-31	0
Liquidity shortfalls end of Q4	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	6,116
Net shortfall amortization installment of oustanding balance	2017-12-31	52,268
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	14,794
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	0
Additional cash requirement	2017-12-31	14,794
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	15,427
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: TITAN TOOL COMPANY EMPLOYEES' PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	718,622
Acturial value of plan assets	2016-12-31	756,246
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	223,955
Number of terminated vested participants	2016-12-31	5
Fundng target for terminated vested participants	2016-12-31	17,215
Active participant vested funding target	2016-12-31	501,035
Number of active participants	2016-12-31	9
Total funding liabilities for active participants	2016-12-31	501,035
Total participant count	2016-12-31	19
Total funding target for all participants	2016-12-31	742,205
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	19,172
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	19,172
Present value of excess contributions	2016-12-31	32,976
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	35,034
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	18,919
Total employer contributions	2016-12-31	10,000
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	9,714
Liquidity shortfalls end of Q1	2016-12-31	0
Liquidity shortfalls end of Q2	2016-12-31	0
Liquidity shortfalls end of Q3	2016-12-31	0
Liquidity shortfalls end of Q4	2016-12-31	0
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	7,246
Net shortfall amortization installment of oustanding balance	2016-12-31	4,878
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	8,052
Additional cash requirement	2016-12-31	8,052
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	9,714
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	TITAN TOOL COMPANY
Employer identification number (EIN):	250839620
NAIC Classification:	333900