401k Plan data: LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K) plan

LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K) 401k Plan overview

Plan Name	LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K)
Plan identification number	004

LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K) Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Plan covering Self-Employed individuals.
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.
Life insurance

401k Sponsoring company profile

LOCK JOINT TUBE LLC has sponsored the creation of one or more 401k plans.

Company Name: LOCK JOINT TUBE LLC

Employer identification number (EIN): 351836814

NAIC Classification: 331210
NAIC Description: Iron and Steel Pipe and Tube Manufacturing from Purchased Steel

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K)

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
004 2011-01-01 TONY VEGER
004 2010-01-01 TONY VEGER

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
004	2011-01-01	TONY VEGER
004	2010-01-01	TONY VEGER

Plan Statistics for LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K)

401k plan membership statisitcs for LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K)

Measure Date Value
2011: LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K) 2011 401k membership
Total participants, beginning-of-year 2011-01-01 202
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 193
Number of retired or separated participants receiving benefits 2011-01-01 2
Number of other retired or separated participants entitled to future benefits 2011-01-01 9
Total of all active and inactive participants 2011-01-01 204
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 204
Number of participants with account balances 2011-01-01 187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 12
2010: LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K) 2010 401k membership
Total participants, beginning-of-year 2010-01-01 192
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 189
Number of retired or separated participants receiving benefits 2010-01-01 3
Number of other retired or separated participants entitled to future benefits 2010-01-01 10
Total of all active and inactive participants 2010-01-01 202
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 202
Number of participants with account balances 2010-01-01 182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 16

Measure	Date	Value
2011: LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K) 2011 401k membership
Total participants, beginning-of-year	2011-01-01	202
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	193
Number of retired or separated participants receiving benefits	2011-01-01	2
Number of other retired or separated participants entitled to future benefits	2011-01-01	9
Total of all active and inactive participants	2011-01-01	204
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	204
Number of participants with account balances	2011-01-01	187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	12
2010: LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K) 2010 401k membership
Total participants, beginning-of-year	2010-01-01	192
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	189
Number of retired or separated participants receiving benefits	2010-01-01	3
Number of other retired or separated participants entitled to future benefits	2010-01-01	10
Total of all active and inactive participants	2010-01-01	202
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	202
Number of participants with account balances	2010-01-01	182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	16

Financial Data on LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K)

Measure	Date	Value
2011 : LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K) 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$-1,160
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$474,446
Total loss/gain on sale of assets	2011-12-31	$-1,369
Total of all expenses incurred	2011-12-31	$638,230
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$625,215
Expenses. Certain deemed distributions of participant loans	2011-12-31	$0
Value of total corrective distributions	2011-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$481,761
Value of total assets at end of year	2011-12-31	$7,428,639
Value of total assets at beginning of year	2011-12-31	$7,593,583
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$13,015
Total interest from all sources	2011-12-31	$117,581
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$12,654
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$12,654
Administrative expenses professional fees incurred	2011-12-31	$7,050
Was this plan covered by a fidelity bond	2011-12-31	No
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$228,063
Participant contributions at end of year	2011-12-31	$516,124
Participant contributions at beginning of year	2011-12-31	$520,652
Assets. Other investments not covered elsewhere at end of year	2011-12-31	$0
Assets. Other investments not covered elsewhere at beginning of year	2011-12-31	$485,956
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2011-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2011-12-31	$1,224
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2011-12-31	$1,766
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2011-12-31	$-1,160
Other income not declared elsewhere	2011-12-31	$0
Administrative expenses (other) incurred	2011-12-31	$125
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$-163,784
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$7,429,799
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$7,593,583
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Investment advisory and management fees	2011-12-31	$4
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$442,192
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$0
Value of interest in pooled separate accounts at end of year	2011-12-31	$3,226,796
Value of interest in pooled separate accounts at beginning of year	2011-12-31	$3,182,513
Interest on participant loans	2011-12-31	$22,262
Interest earned on other investments	2011-12-31	$95,319
Value of interest in common/collective trusts at end of year	2011-12-31	$0
Value of interest in common/collective trusts at beginning of year	2011-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2011-12-31	$3,242,303
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2011-12-31	$3,402,696
Expenses. Payments to insurance carriers foe the provision of benefits	2011-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$10,571
Net investment gain/loss from pooled separate accounts	2011-12-31	$-146,752
Net investment gain or loss from common/collective trusts	2011-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Assets. Invements in employer securities at end of year	2011-12-31	$0
Assets. Invements in employer securities at beginning of year	2011-12-31	$0
Contributions received in cash from employer	2011-12-31	$253,698
Income. Dividends from common stock	2011-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$625,215
Contract administrator fees	2011-12-31	$5,836
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Aggregate proceeds on sale of assets	2011-12-31	$40,366
Aggregate carrying amount (costs) on sale of assets	2011-12-31	$41,735
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	JURGONSKI & FREDLAKE, CPA
Accountancy firm EIN	2011-12-31	351640896
2010 : LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K) 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$1,238,102
Total loss/gain on sale of assets	2010-12-31	$2,369
Total of all expenses incurred	2010-12-31	$520,467
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$504,766
Expenses. Certain deemed distributions of participant loans	2010-12-31	$0
Value of total corrective distributions	2010-12-31	$437
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$649,748
Value of total assets at end of year	2010-12-31	$7,593,583
Value of total assets at beginning of year	2010-12-31	$6,875,948
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$15,264
Total interest from all sources	2010-12-31	$128,254
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$15,936
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$15,936
Administrative expenses professional fees incurred	2010-12-31	$8,430
Was this plan covered by a fidelity bond	2010-12-31	No
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$234,113
Participant contributions at end of year	2010-12-31	$520,652
Participant contributions at beginning of year	2010-12-31	$428,426
Assets. Other investments not covered elsewhere at end of year	2010-12-31	$485,956
Assets. Other investments not covered elsewhere at beginning of year	2010-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$190,404
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2010-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2010-12-31	$1,766
Other income not declared elsewhere	2010-12-31	$0
Administrative expenses (other) incurred	2010-12-31	$500
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$717,635
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$7,593,583
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$6,875,948
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Investment advisory and management fees	2010-12-31	$164
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$0
Value of interest in pooled separate accounts at end of year	2010-12-31	$3,182,513
Value of interest in pooled separate accounts at beginning of year	2010-12-31	$2,761,668
Interest on participant loans	2010-12-31	$23,937
Interest earned on other investments	2010-12-31	$104,317
Value of interest in common/collective trusts at end of year	2010-12-31	$0
Value of interest in common/collective trusts at beginning of year	2010-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2010-12-31	$3,402,696
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2010-12-31	$3,685,854
Expenses. Payments to insurance carriers foe the provision of benefits	2010-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$6,995
Net investment gain/loss from pooled separate accounts	2010-12-31	$434,800
Net investment gain or loss from common/collective trusts	2010-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2010-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Assets. Invements in employer securities at end of year	2010-12-31	$0
Assets. Invements in employer securities at beginning of year	2010-12-31	$0
Contributions received in cash from employer	2010-12-31	$225,231
Income. Dividends from common stock	2010-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$504,766
Contract administrator fees	2010-12-31	$6,170
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Aggregate proceeds on sale of assets	2010-12-31	$258,727
Aggregate carrying amount (costs) on sale of assets	2010-12-31	$256,358
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	JURGONSKI & FREDLAKE, CPA
Accountancy firm EIN	2010-12-31	351640896

Form 5500 Responses for LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K)

2011: LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K) 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	Yes
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K) 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	Yes
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K) [EIN = 202023920]

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Company Name:	LOCK JOINT TUBE LLC
Employer identification number (EIN):	351836814
NAIC Classification:	331210
NAIC Description:	Iron and Steel Pipe and Tube Manufacturing from Purchased Steel