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PENSION PLAN FOR NON-SALARIED EMPLOYEES AT WENATCHEE 401k Plan overview

Plan NamePENSION PLAN FOR NON-SALARIED EMPLOYEES AT WENATCHEE
Plan identification number 018

PENSION PLAN FOR NON-SALARIED EMPLOYEES AT WENATCHEE Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Code section 414(k) arrangement - Benefits are based partly on the balance of the separate account of the participant (also include appropriate defined contribution pension feature codes).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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

AMG ALUMINUM NORTH AMERICA, LLC has sponsored the creation of one or more 401k plans.

Company Name:AMG ALUMINUM NORTH AMERICA, LLC
Employer identification number (EIN):262388225
NAIC Classification:331310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR NON-SALARIED EMPLOYEES AT WENATCHEE

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0182022-01-01MICHAEL CONNOR2023-10-12 MICHAEL CONNOR2023-10-12
0182021-01-01MICHAEL CONNOR2022-10-10 MICHAEL CONNOR2022-10-10
0182020-01-01ANITA TORCOMIAN2021-10-11 ANITA TORCOMIAN2021-10-11
0182019-01-01ANITA TORCOMIAN2020-10-15 ANITA TORCOMIAN2020-10-15
0182018-01-01MICHAEL CONNOR2019-10-08 MICHAEL CONNOR2019-10-08
0182017-01-01MICHAEL CONNOR2018-10-01 MICHAEL CONNOR2018-10-01
0182016-01-01
0182015-01-01
0182014-01-01MICHELE FISCHER2015-10-13 MICHELE FISCHER2015-10-13
0182013-01-01FILED WITH AUTHORIZED SIGNATURE2014-09-29
0182012-01-01FILED USING AUTHORIZED SIGNATURE2013-10-11
0182011-01-01SCOTT CHARNOFF2012-10-05
0182010-01-01TIMOTHY WEAVER, CFO2011-07-22 RICHARD MALLIRIS, CEO2011-07-25

Plan Statistics for PENSION PLAN FOR NON-SALARIED EMPLOYEES AT WENATCHEE

401k plan membership statisitcs for PENSION PLAN FOR NON-SALARIED EMPLOYEES AT WENATCHEE

Measure Date Value
2022: PENSION PLAN FOR NON-SALARIED EMPLOYEES AT WENATCHEE 2022 401k membership
Market value of plan assets2022-12-316,669,518
Acturial value of plan assets2022-12-316,219,022
Funding target for retired participants and beneficiaries receiving payment2022-12-314,021,151
Number of terminated vested participants2022-12-3112
Fundng target for terminated vested participants2022-12-31394,969
Active participant vested funding target2022-12-311,348,867
Number of active participants2022-12-319
Total funding liabilities for active participants2022-12-311,379,930
Total participant count2022-12-3152
Total funding target for all participants2022-12-315,796,050
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3169,788
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-3169,788
Present value of excess contributions2022-12-3121,157
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3122,325
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-3179,642
Total employer contributions2022-12-3152,594
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-3151,523
Liquidity shortfalls end of Q12022-12-310
Liquidity shortfalls end of Q22022-12-310
Liquidity shortfalls end of Q32022-12-310
Liquidity shortfalls end of Q42022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-3192,530
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-3151,523
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: PENSION PLAN FOR NON-SALARIED EMPLOYEES AT WENATCHEE 2021 401k membership
Market value of plan assets2021-12-316,136,681
Acturial value of plan assets2021-12-315,609,577
Funding target for retired participants and beneficiaries receiving payment2021-12-314,079,388
Number of terminated vested participants2021-12-3112
Fundng target for terminated vested participants2021-12-31364,219
Active participant vested funding target2021-12-311,199,629
Number of active participants2021-12-319
Total funding liabilities for active participants2021-12-311,245,396
Total participant count2021-12-3152
Total funding target for all participants2021-12-315,689,003
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-3166,050
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3169,788
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-3169,788
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-3169,788
Total employer contributions2021-12-31129,601
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31126,344
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-3190,166
Net shortfall amortization installment of oustanding balance2021-12-31149,214
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31105,187
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31105,187
Contributions allocatedtoward minimum required contributions for current year2021-12-31126,344
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: PENSION PLAN FOR NON-SALARIED EMPLOYEES AT WENATCHEE 2020 401k membership
Market value of plan assets2020-12-315,698,644
Acturial value of plan assets2020-12-315,366,985
Funding target for retired participants and beneficiaries receiving payment2020-12-313,829,707
Number of terminated vested participants2020-12-3113
Fundng target for terminated vested participants2020-12-31387,727
Active participant vested funding target2020-12-311,364,378
Number of active participants2020-12-3110
Total funding liabilities for active participants2020-12-311,412,493
Total participant count2020-12-3152
Total funding target for all participants2020-12-315,629,927
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-3198
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31103
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-31181,016
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31175,269
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-3184,532
Net shortfall amortization installment of oustanding balance2020-12-31262,942
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31109,219
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31109,219
Contributions allocatedtoward minimum required contributions for current year2020-12-31175,269
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: PENSION PLAN FOR NON-SALARIED EMPLOYEES AT WENATCHEE 2019 401k membership
Market value of plan assets2019-12-314,747,934
Acturial value of plan assets2019-12-314,993,655
Funding target for retired participants and beneficiaries receiving payment2019-12-313,595,097
Number of terminated vested participants2019-12-3115
Fundng target for terminated vested participants2019-12-31584,500
Active participant vested funding target2019-12-311,496,802
Number of active participants2019-12-3112
Total funding liabilities for active participants2019-12-311,587,881
Total participant count2019-12-3153
Total funding target for all participants2019-12-315,767,478
Balance at beginning of prior year after applicable adjustments2019-12-311,003
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-311,003
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-3126
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3124
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31256,526
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31245,389
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-3197,444
Net shortfall amortization installment of oustanding balance2019-12-31773,823
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31245,291
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31245,291
Contributions allocatedtoward minimum required contributions for current year2019-12-31245,389
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: PENSION PLAN FOR NON-SALARIED EMPLOYEES AT WENATCHEE 2018 401k membership
Market value of plan assets2018-12-315,176,443
Acturial value of plan assets2018-12-314,879,486
Funding target for retired participants and beneficiaries receiving payment2018-12-313,516,315
Number of terminated vested participants2018-12-3115
Fundng target for terminated vested participants2018-12-31607,448
Active participant vested funding target2018-12-311,312,672
Number of active participants2018-12-3113
Total funding liabilities for active participants2018-12-311,400,115
Total participant count2018-12-3153
Total funding target for all participants2018-12-315,523,878
Balance at beginning of prior year after applicable adjustments2018-12-31860
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-31860
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3149
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3152
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-311,003
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31221,537
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31210,297
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-3197,772
Net shortfall amortization installment of oustanding balance2018-12-31645,395
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31211,274
Carryover balance elected to use to offset funding requirement2018-12-311,003
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31210,271
Contributions allocatedtoward minimum required contributions for current year2018-12-31210,297
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: PENSION PLAN FOR NON-SALARIED EMPLOYEES AT WENATCHEE 2017 401k membership
Market value of plan assets2017-12-314,622,498
Acturial value of plan assets2017-12-314,757,614
Funding target for retired participants and beneficiaries receiving payment2017-12-313,048,661
Number of terminated vested participants2017-12-3116
Fundng target for terminated vested participants2017-12-31674,409
Active participant vested funding target2017-12-311,362,558
Number of active participants2017-12-3114
Total funding liabilities for active participants2017-12-311,452,903
Total participant count2017-12-3155
Total funding target for all participants2017-12-315,175,973
Balance at beginning of prior year after applicable adjustments2017-12-31809
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-31809
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-31860
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31175,158
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 date2017-12-31159,059
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 cost2017-12-3190,169
Net shortfall amortization installment of oustanding balance2017-12-31419,219
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31159,010
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31159,010
Contributions allocatedtoward minimum required contributions for current year2017-12-31159,059
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: PENSION PLAN FOR NON-SALARIED EMPLOYEES AT WENATCHEE 2016 401k membership
Market value of plan assets2016-12-314,648,628
Acturial value of plan assets2016-12-314,913,585
Funding target for retired participants and beneficiaries receiving payment2016-12-312,670,233
Number of terminated vested participants2016-12-3114
Fundng target for terminated vested participants2016-12-31554,062
Active participant vested funding target2016-12-311,508,888
Number of active participants2016-12-3117
Total funding liabilities for active participants2016-12-311,537,597
Total participant count2016-12-3154
Total funding target for all participants2016-12-314,761,892
Balance at beginning of prior year after applicable adjustments2016-12-31818
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-31818
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
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 year2016-12-31809
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-310
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 date2016-12-310
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 cost2016-12-3152,014
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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