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EMPLOYEE BENEFIT PLAN OF FORGING INDUSTRY ASSOC. 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF FORGING INDUSTRY ASSOC.
Plan identification number 002

EMPLOYEE BENEFIT PLAN OF FORGING INDUSTRY ASSOC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

FORGING INDUSTRY ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:FORGING INDUSTRY ASSOCIATION
Employer identification number (EIN):340821275
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Additional information about FORGING INDUSTRY ASSOCIATION

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 1959-01-14
Company Identification Number: 277282
Legal Registered Office Address: 25 PROSPECT AVE W #300
-
CLEVELAND
United States of America (USA)
44115

More information about FORGING INDUSTRY ASSOCIATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF FORGING INDUSTRY ASSOC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01TARA EVANS, FOR TAG RESOURCES2024-10-08
0022022-01-01ANDREW ZIELINSKI2023-10-16
0022021-01-01ANDREW ZIELINSKI2022-07-27
0022020-01-01ANDREW ZIELINSKI2021-10-12
0022019-01-01JOSEPH BONI2020-10-12
0022018-01-01JOSEPH BONI2019-09-11
0022017-01-01JOSEPH BONI2018-10-08
0022016-01-01JOSEPH BONI2017-09-26
0022015-01-01JOSEPH BONI2016-10-03
0022014-01-01JOSEPH BONI2015-09-30
0022013-01-01JOSEPH BONI2014-10-14
0022012-01-01DIANE ROTHAERMEL2013-09-17 DIANE ROTHAERMEL2013-09-17
0022011-01-01DIANE ROTHAERMEL2012-07-23
0022010-01-01DIANE ROTHAERMEL2011-07-26 DIANE ROTHAERMEL2011-07-26

Financial Data on EMPLOYEE BENEFIT PLAN OF FORGING INDUSTRY ASSOC.

Measure Date Value
2025 : EMPLOYEE BENEFIT PLAN OF FORGING INDUSTRY ASSOC. 2025 401k financial data
Total expenses incurred by plan in this plan year2025-09-3024515
Net assets as of the end of the plan year2025-09-30948807
Total assets as of the beginning of the plan year2025-09-30694693
Value of plan covered by a fidelity bond2025-09-30500000
Participant contributions to plan in this plan year2025-09-3098852
Value of participant loans at end of plan year2025-09-3012598
Other income to plan in this plan year2025-09-30111752
Plan net income in this plan year2025-09-30254114
Net assets as of the end of the plan year2025-09-30948807
Net assets as of the beginning of the plan year2025-09-30694693
Employer contributions to plan in this plan year2025-09-3068025
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-308608
2024 : EMPLOYEE BENEFIT PLAN OF FORGING INDUSTRY ASSOC. 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-08322953
Net assets as of the end of the plan year2024-10-08694693
Total assets as of the beginning of the plan year2024-10-08731567
Value of plan covered by a fidelity bond2024-10-08500000
Participant contributions to plan in this plan year2024-10-0885597
Value of participant loans at end of plan year2024-10-0812483
Other contributions to plan in this plan year2024-10-083647
Other income to plan in this plan year2024-10-08138798
Plan net income in this plan year2024-10-08-36874
Net assets as of the end of the plan year2024-10-08694693
Net assets as of the beginning of the plan year2024-10-08731567
Employer contributions to plan in this plan year2024-10-0858037
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-082588
2022 : EMPLOYEE BENEFIT PLAN OF FORGING INDUSTRY ASSOC. 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-27127661
Net assets as of the end of the plan year2022-07-27789078
Total assets as of the beginning of the plan year2022-07-27747606
Value of plan covered by a fidelity bond2022-07-271000000
Participant contributions to plan in this plan year2022-07-2745348
Other income to plan in this plan year2022-07-2793378
Plan net income in this plan year2022-07-2741472
Net assets as of the end of the plan year2022-07-27789078
Net assets as of the beginning of the plan year2022-07-27747606
Employer contributions to plan in this plan year2022-07-2730407
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-273754

Potentially related plans

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