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A & B IRON & METAL CO., INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameA & B IRON & METAL CO., INC. CASH BALANCE PENSION PLAN
Plan identification number 003

A & B IRON & METAL CO., INC. CASH BALANCE PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

A & B IRON & METAL CO., INC. has sponsored the creation of one or more 401k plans.

Company Name:A & B IRON & METAL CO., INC.
Employer identification number (EIN):310864951
NAIC Classification:423500

Additional information about A & B IRON & METAL CO., INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 1975-04-30
Company Identification Number: 466111
Legal Registered Office Address: P.O. BOX 123
-
ALPHA
United States of America (USA)
45501

More information about A & B IRON & METAL CO., INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan A & B IRON & METAL CO., INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032019-01-01
0032018-01-01
0032017-01-01
0032016-01-01KYLE D BROWN2017-05-09
0032015-01-01KYLE D BROWN2016-09-21
0032015-01-01KYLE D BROWN2016-09-21
0032014-01-01GREG THOMA2015-10-13
0032013-01-01GREG THOMA2014-09-26
0032012-01-01GREG THOMA2013-10-07
0032011-01-01GREG THOMA2012-10-01
0032010-01-01GREG THOMA2011-09-30

Plan Statistics for A & B IRON & METAL CO., INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for A & B IRON & METAL CO., INC. CASH BALANCE PENSION PLAN

Measure Date Value
2018: A & B IRON & METAL CO., INC. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-31713,970
Acturial value of plan assets2018-12-31713,970
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-319,185
Active participant vested funding target2018-12-31743,915
Number of active participants2018-12-318
Total funding liabilities for active participants2018-12-31743,915
Total participant count2018-12-3110
Total funding target for all participants2018-12-31753,100
Balance at beginning of prior year after applicable adjustments2018-12-310
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 balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3183,011
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3187,676
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 year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-3164,000
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 date2018-12-3161,333
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 cost2018-12-3148,948
Net shortfall amortization installment of oustanding balance2018-12-3139,130
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3159,745
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-3159,745
Contributions allocatedtoward minimum required contributions for current year2018-12-3161,333
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: A & B IRON & METAL CO., INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-31558,173
Acturial value of plan assets2017-12-31558,173
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-314
Fundng target for terminated vested participants2017-12-3112,922
Active participant vested funding target2017-12-31629,897
Number of active participants2017-12-318
Total funding liabilities for active participants2017-12-31629,897
Total participant count2017-12-3112
Total funding target for all participants2017-12-31642,819
Balance at beginning of prior year after applicable adjustments2017-12-310
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 balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-312,227
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-312,336
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 year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31162,650
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 date2017-12-31149,169
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 cost2017-12-3149,962
Net shortfall amortization installment of oustanding balance2017-12-3184,646
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3166,158
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3166,158
Contributions allocatedtoward minimum required contributions for current year2017-12-31149,169
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: A & B IRON & METAL CO., INC. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31492,527
Acturial value of plan assets2016-12-31492,527
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-314
Fundng target for terminated vested participants2016-12-3111,575
Active participant vested funding target2016-12-31548,023
Number of active participants2016-12-318
Total funding liabilities for active participants2016-12-31548,601
Total participant count2016-12-3112
Total funding target for all participants2016-12-31560,176
Balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31409
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31430
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 contributions2016-12-3165,972
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 date2016-12-3160,730
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 cost2016-12-3146,494
Net shortfall amortization installment of oustanding balance2016-12-3167,649
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3158,503
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3158,503
Contributions allocatedtoward minimum required contributions for current year2016-12-3160,730
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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