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RETIREMENT PLAN FOR BARGAINING EMPLOYEES OF NEFF-PERKINS COMPANY 401k Plan overview

Plan NameRETIREMENT PLAN FOR BARGAINING EMPLOYEES OF NEFF-PERKINS COMPANY
Plan identification number 001

RETIREMENT PLAN FOR BARGAINING EMPLOYEES OF NEFF-PERKINS COMPANY Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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).

401k Sponsoring company profile

NEFF-PERKINS COMPANY has sponsored the creation of one or more 401k plans.

Company Name:NEFF-PERKINS COMPANY
Employer identification number (EIN):341296667
NAIC Classification:326200

Additional information about NEFF-PERKINS COMPANY

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 1979-12-20
Company Identification Number: 546801
Legal Registered Office Address: 16080 INDUSTRIAL PARKWAY
-
MIDDLEFIELD
United States of America (USA)
44062

More information about NEFF-PERKINS COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR BARGAINING EMPLOYEES OF NEFF-PERKINS COMPANY

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01ERIC LEWIS2023-10-10
0012021-01-01MR. ROBERT ELLY JR.2022-10-13
0012020-01-01MR. ROBERT ELLY JR.2021-10-14
0012019-01-01MR. ROBERT ELLY JR.2020-10-14
0012018-01-01MR. ROBERT ELLY JR.2019-10-08
0012017-01-01MR. ROBERT ELLY JR.2018-10-11
0012016-01-01ROBERT ELLY JR2017-10-11
0012015-01-01ROBERT ELLY JR2016-10-12
0012014-01-01ROBERT ELLY JR2015-10-14
0012013-01-01ROBERT ELLY JR2014-10-10
0012012-01-01ROBERT ELLY JR2013-09-27
0012011-01-01ROBERT ELLY JR2012-10-12
0012010-01-01ROBERT ELLY2011-10-17

Plan Statistics for RETIREMENT PLAN FOR BARGAINING EMPLOYEES OF NEFF-PERKINS COMPANY

401k plan membership statisitcs for RETIREMENT PLAN FOR BARGAINING EMPLOYEES OF NEFF-PERKINS COMPANY

Measure Date Value
2022: RETIREMENT PLAN FOR BARGAINING EMPLOYEES OF NEFF-PERKINS COMPANY 2022 401k membership
Market value of plan assets2022-12-312,048,552
Acturial value of plan assets2022-12-312,048,552
Funding target for retired participants and beneficiaries receiving payment2022-12-311,477,931
Number of terminated vested participants2022-12-3141
Fundng target for terminated vested participants2022-12-31900,864
Active participant vested funding target2022-12-310
Number of active participants2022-12-310
Total funding liabilities for active participants2022-12-310
Total participant count2022-12-3190
Total funding target for all participants2022-12-312,378,795
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3114,632
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 balance2022-12-3114,632
Present value of excess contributions2022-12-31839
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31883
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 elections2022-12-3116,786
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-3140,000
Total employee contributions2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-3135,303
Unpaid minimum required contributions for all prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-31330,243
Total funding amount beforereflecting carryover/prefunding balances2022-12-3130,792
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-3130,792
Contributions allocatedtoward minimum required contributions for current year2022-12-3135,303
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: RETIREMENT PLAN FOR BARGAINING EMPLOYEES OF NEFF-PERKINS COMPANY 2021 401k membership
Market value of plan assets2021-12-312,065,181
Acturial value of plan assets2021-12-312,065,181
Funding target for retired participants and beneficiaries receiving payment2021-12-311,510,553
Number of terminated vested participants2021-12-3141
Fundng target for terminated vested participants2021-12-31920,749
Active participant vested funding target2021-12-310
Number of active participants2021-12-310
Total funding liabilities for active participants2021-12-310
Total participant count2021-12-3188
Total funding target for all participants2021-12-312,431,302
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 contributions2021-12-3113,898
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3114,632
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-3114,632
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 year2021-12-3114,632
Total employer contributions2021-12-3178,988
Total employee contributions2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-3176,390
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-310
Net shortfall amortization installment of oustanding balance2021-12-31366,121
Total funding amount beforereflecting carryover/prefunding balances2021-12-3190,183
Prefunding balance elected to use to offset funding requirement2021-12-3114,632
Additional cash requirement2021-12-3175,551
Contributions allocatedtoward minimum required contributions for current year2021-12-3176,390
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: RETIREMENT PLAN FOR BARGAINING EMPLOYEES OF NEFF-PERKINS COMPANY 2020 401k membership
Market value of plan assets2020-12-312,086,536
Acturial value of plan assets2020-12-312,086,536
Funding target for retired participants and beneficiaries receiving payment2020-12-311,606,772
Number of terminated vested participants2020-12-3141
Fundng target for terminated vested participants2020-12-31887,890
Active participant vested funding target2020-12-310
Number of active participants2020-12-310
Total funding liabilities for active participants2020-12-310
Total participant count2020-12-3188
Total funding target for all participants2020-12-312,494,662
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-312,742
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-312,891
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-312,891
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 year2020-12-312,891
Total employer contributions2020-12-31104,196
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 date2020-12-31100,050
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 cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-31411,017
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3186,152
Additional cash requirement2020-12-3186,152
Contributions allocatedtoward minimum required contributions for current year2020-12-31100,050
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: RETIREMENT PLAN FOR BARGAINING EMPLOYEES OF NEFF-PERKINS COMPANY 2019 401k membership
Market value of plan assets2019-12-312,069,973
Acturial value of plan assets2019-12-312,069,973
Funding target for retired participants and beneficiaries receiving payment2019-12-311,737,132
Number of terminated vested participants2019-12-3140
Fundng target for terminated vested participants2019-12-31765,603
Active participant vested funding target2019-12-310
Number of active participants2019-12-310
Total funding liabilities for active participants2019-12-310
Total participant count2019-12-3190
Total funding target for all participants2019-12-312,502,735
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available 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 contributions2019-12-3155,944
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 date2019-12-3154,047
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 cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-31432,762
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31104,197
Additional cash requirement2019-12-31104,197
Contributions allocatedtoward minimum required contributions for current year2019-12-3154,047
Unpaid minimum required contributions for current year2019-12-3150,150
Unpaid minimum required contributions for all years2019-12-3150,150
2018: RETIREMENT PLAN FOR BARGAINING EMPLOYEES OF NEFF-PERKINS COMPANY 2018 401k membership
Market value of plan assets2018-12-312,119,433
Acturial value of plan assets2018-12-312,119,433
Funding target for retired participants and beneficiaries receiving payment2018-12-311,580,304
Number of terminated vested participants2018-12-3141
Fundng target for terminated vested participants2018-12-31842,232
Active participant vested funding target2018-12-310
Number of active participants2018-12-310
Total funding liabilities for active participants2018-12-310
Total participant count2018-12-3190
Total funding target for all participants2018-12-312,422,536
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31844
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-31844
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-3158,301
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 date2018-12-3155,943
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 cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-31303,103
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3155,943
Additional cash requirement2018-12-3155,943
Contributions allocatedtoward minimum required contributions for current year2018-12-3155,943
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: RETIREMENT PLAN FOR BARGAINING EMPLOYEES OF NEFF-PERKINS COMPANY 2017 401k membership
Market value of plan assets2017-12-312,127,961
Acturial value of plan assets2017-12-312,127,961
Funding target for retired participants and beneficiaries receiving payment2017-12-311,463,573
Number of terminated vested participants2017-12-3143
Fundng target for terminated vested participants2017-12-31916,364
Active participant vested funding target2017-12-310
Number of active participants2017-12-310
Total funding liabilities for active participants2017-12-310
Total participant count2017-12-3190
Total funding target for all participants2017-12-312,379,937
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31961
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-31149
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-31812
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
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31844
Total employer contributions2017-12-3190,265
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 date2017-12-3186,474
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 balance2017-12-31252,820
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3187,318
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-31844
Additional cash requirement2017-12-3186,474
Contributions allocatedtoward minimum required contributions for current year2017-12-3186,474
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: RETIREMENT PLAN FOR BARGAINING EMPLOYEES OF NEFF-PERKINS COMPANY 2016 401k membership
Market value of plan assets2016-12-312,113,306
Acturial value of plan assets2016-12-312,113,306
Funding target for retired participants and beneficiaries receiving payment2016-12-311,362,011
Number of terminated vested participants2016-12-3145
Fundng target for terminated vested participants2016-12-311,014,606
Active participant vested funding target2016-12-310
Number of active participants2016-12-310
Total funding liabilities for active participants2016-12-310
Total participant count2016-12-3191
Total funding target for all participants2016-12-312,376,617
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31873
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 balance2016-12-31873
Present value of excess contributions2016-12-3165
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3169
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3169
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31961
Total employer contributions2016-12-3189,903
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 date2016-12-3185,116
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 cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-31264,272
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3185,265
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-31149
Additional cash requirement2016-12-3185,116
Contributions allocatedtoward minimum required contributions for current year2016-12-3185,116
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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