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LOCAL UNION OPEIU 28 PENSION PLAN 401k Plan overview

Plan NameLOCAL UNION OPEIU 28 PENSION PLAN
Plan identification number 001

LOCAL UNION OPEIU 28 PENSION PLAN 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).
  • 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

UNITED AUTOMOBILE WORKERS LOCAL NO. 974 has sponsored the creation of one or more 401k plans.

Company Name:UNITED AUTOMOBILE WORKERS LOCAL NO. 974
Employer identification number (EIN):370643489
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LOCAL UNION OPEIU 28 PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-11-01
0012020-11-01
0012019-11-01
0012018-11-01BRUCE M. BARTLETT2020-08-14
0012017-11-01DAVID STOENS2019-08-06
0012016-11-01DAVID STOENS2018-05-22
0012015-11-01DAVID STOENS2017-08-15
0012014-11-01GREGORY LARSON2016-08-09
0012013-11-01GREGORY LARSON2015-08-13 JOHN SHALLENBERGER2015-08-12
0012012-11-01GREGORY LARSON2014-08-07 JOHN SHALLENBERGER2014-08-04
0012011-11-01ERIN PATTON2013-05-29
0012010-11-01GREG B LARSON
0012009-11-01GREG B LARSON
0012008-11-01

Plan Statistics for LOCAL UNION OPEIU 28 PENSION PLAN

401k plan membership statisitcs for LOCAL UNION OPEIU 28 PENSION PLAN

Measure Date Value
2022: LOCAL UNION OPEIU 28 PENSION PLAN 2022 401k membership
Market value of plan assets2022-10-311,581,063
Acturial value of plan assets2022-10-311,581,063
Funding target for retired participants and beneficiaries receiving payment2022-10-31841,397
Number of terminated vested participants2022-10-310
Fundng target for terminated vested participants2022-10-310
Active participant vested funding target2022-10-31369,460
Number of active participants2022-10-312
Total funding liabilities for active participants2022-10-31369,460
Total participant count2022-10-319
Total funding target for all participants2022-10-311,210,857
Balance at beginning of prior year after applicable adjustments2022-10-311,535
Prefunding balance at beginning of prior year after applicable adjustments2022-10-3139,715
Carryover balanced portion elected for use to offset prior years funding requirement2022-10-310
Prefunding balanced used to offset prior years funding requirement2022-10-310
Amount remaining of carryover balance2022-10-311,535
Amount remaining of prefunding balance2022-10-3139,715
Present value of excess contributions2022-10-3128,990
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-10-3130,796
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-10-310
Reductions in caryover balances due to elections or deemed elections2022-10-310
Reductions in prefunding balances due to elections or deemed elections2022-10-310
Balance of carryovers at beginning of current year2022-10-311,839
Balance of prefunding at beginning of current year2022-10-3147,571
Total employer contributions2022-10-3130,000
Total employee contributions2022-10-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-10-310
Contributions made to avoid restrictions adjusted to valuation date2022-10-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-10-3129,117
Unpaid minimum required contributions for all prior years2022-10-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-10-310
Remaining amount of unpaid minimum required contributions2022-10-310
Minimum required contributions for current year target normal cost2022-10-317,785
Net shortfall amortization installment of oustanding balance2022-10-310
Waiver amortization installment2022-10-310
Total funding amount beforereflecting carryover/prefunding balances2022-10-310
Carryover balance elected to use to offset funding requirement2022-10-310
Prefunding balance elected to use to offset funding requirement2022-10-310
Additional cash requirement2022-10-310
Contributions allocatedtoward minimum required contributions for current year2022-10-3129,117
Unpaid minimum required contributions for current year2022-10-310
Unpaid minimum required contributions for all years2022-10-310
2021: LOCAL UNION OPEIU 28 PENSION PLAN 2021 401k membership
Market value of plan assets2021-10-311,382,611
Acturial value of plan assets2021-10-311,382,611
Funding target for retired participants and beneficiaries receiving payment2021-10-31904,057
Number of terminated vested participants2021-10-310
Fundng target for terminated vested participants2021-10-310
Active participant vested funding target2021-10-31350,066
Number of active participants2021-10-312
Total funding liabilities for active participants2021-10-31350,066
Total participant count2021-10-3110
Total funding target for all participants2021-10-311,254,123
Balance at beginning of prior year after applicable adjustments2021-10-312,866
Prefunding balance at beginning of prior year after applicable adjustments2021-10-3137,386
Carryover balanced portion elected for use to offset prior years funding requirement2021-10-311,421
Prefunding balanced used to offset prior years funding requirement2021-10-310
Amount remaining of carryover balance2021-10-311,445
Amount remaining of prefunding balance2021-10-3137,386
Present value of excess contributions2021-10-311
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-10-311
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-10-310
Reductions in caryover balances due to elections or deemed elections2021-10-310
Reductions in prefunding balances due to elections or deemed elections2021-10-310
Balance of carryovers at beginning of current year2021-10-311,535
Balance of prefunding at beginning of current year2021-10-3139,715
Total employer contributions2021-10-3130,000
Total employee contributions2021-10-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-10-310
Contributions made to avoid restrictions adjusted to valuation date2021-10-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-10-3128,990
Liquidity shortfalls end of Q12021-10-310
Liquidity shortfalls end of Q22021-10-310
Liquidity shortfalls end of Q32021-10-310
Liquidity shortfalls end of Q42021-10-310
Unpaid minimum required contributions for all prior years2021-10-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-10-310
Remaining amount of unpaid minimum required contributions2021-10-310
Minimum required contributions for current year target normal cost2021-10-315,107
Net shortfall amortization installment of oustanding balance2021-10-310
Waiver amortization installment2021-10-310
Total funding amount beforereflecting carryover/prefunding balances2021-10-310
Carryover balance elected to use to offset funding requirement2021-10-310
Prefunding balance elected to use to offset funding requirement2021-10-310
Additional cash requirement2021-10-310
Contributions allocatedtoward minimum required contributions for current year2021-10-3128,990
Unpaid minimum required contributions for current year2021-10-310
Unpaid minimum required contributions for all years2021-10-310
2020: LOCAL UNION OPEIU 28 PENSION PLAN 2020 401k membership
Market value of plan assets2020-10-311,356,980
Acturial value of plan assets2020-10-311,356,980
Funding target for retired participants and beneficiaries receiving payment2020-10-31713,722
Number of terminated vested participants2020-10-310
Fundng target for terminated vested participants2020-10-310
Active participant vested funding target2020-10-31619,432
Number of active participants2020-10-313
Total funding liabilities for active participants2020-10-31619,432
Total participant count2020-10-3110
Total funding target for all participants2020-10-311,333,154
Balance at beginning of prior year after applicable adjustments2020-10-3110,051
Prefunding balance at beginning of prior year after applicable adjustments2020-10-3133,485
Carryover balanced portion elected for use to offset prior years funding requirement2020-10-317,484
Prefunding balanced used to offset prior years funding requirement2020-10-310
Amount remaining of carryover balance2020-10-312,567
Amount remaining of prefunding balance2020-10-3133,485
Present value of excess contributions2020-10-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-10-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-10-310
Reductions in caryover balances due to elections or deemed elections2020-10-310
Reductions in prefunding balances due to elections or deemed elections2020-10-310
Balance of carryovers at beginning of current year2020-10-312,866
Balance of prefunding at beginning of current year2020-10-3137,386
Total employer contributions2020-10-3120,000
Total employee contributions2020-10-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-10-310
Contributions made to avoid restrictions adjusted to valuation date2020-10-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-10-3119,399
Liquidity shortfalls end of Q12020-10-310
Liquidity shortfalls end of Q22020-10-310
Liquidity shortfalls end of Q32020-10-310
Liquidity shortfalls end of Q42020-10-310
Unpaid minimum required contributions for all prior years2020-10-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-10-310
Remaining amount of unpaid minimum required contributions2020-10-310
Minimum required contributions for current year target normal cost2020-10-316,013
Net shortfall amortization installment of oustanding balance2020-10-3180,291
Waiver amortization installment2020-10-310
Total funding amount beforereflecting carryover/prefunding balances2020-10-3120,819
Carryover balance elected to use to offset funding requirement2020-10-311,421
Prefunding balance elected to use to offset funding requirement2020-10-310
Additional cash requirement2020-10-3119,398
Contributions allocatedtoward minimum required contributions for current year2020-10-3119,399
Unpaid minimum required contributions for current year2020-10-310
Unpaid minimum required contributions for all years2020-10-310
2019: LOCAL UNION OPEIU 28 PENSION PLAN 2019 401k membership
Market value of plan assets2019-10-311,280,945
Acturial value of plan assets2019-10-311,280,945
Funding target for retired participants and beneficiaries receiving payment2019-10-31735,325
Number of terminated vested participants2019-10-310
Fundng target for terminated vested participants2019-10-310
Active participant vested funding target2019-10-31578,244
Number of active participants2019-10-313
Total funding liabilities for active participants2019-10-31578,244
Total participant count2019-10-3110
Total funding target for all participants2019-10-311,313,569
Balance at beginning of prior year after applicable adjustments2019-10-319,995
Prefunding balance at beginning of prior year after applicable adjustments2019-10-3133,299
Carryover balanced portion elected for use to offset prior years funding requirement2019-10-310
Prefunding balanced used to offset prior years funding requirement2019-10-310
Amount remaining of carryover balance2019-10-319,995
Amount remaining of prefunding balance2019-10-3133,299
Present value of excess contributions2019-10-3117,460
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-10-3118,462
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-10-310
Reductions in caryover balances due to elections or deemed elections2019-10-310
Reductions in prefunding balances due to elections or deemed elections2019-10-310
Balance of carryovers at beginning of current year2019-10-3110,051
Balance of prefunding at beginning of current year2019-10-3133,485
Total employer contributions2019-10-3118,000
Total employee contributions2019-10-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-10-310
Contributions made to avoid restrictions adjusted to valuation date2019-10-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-10-3117,477
Unpaid minimum required contributions for all prior years2019-10-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-10-310
Remaining amount of unpaid minimum required contributions2019-10-310
Minimum required contributions for current year target normal cost2019-10-3112,528
Net shortfall amortization installment of oustanding balance2019-10-3176,160
Waiver amortization installment2019-10-310
Total funding amount beforereflecting carryover/prefunding balances2019-10-3124,961
Carryover balance elected to use to offset funding requirement2019-10-317,484
Prefunding balance elected to use to offset funding requirement2019-10-310
Additional cash requirement2019-10-3117,477
Contributions allocatedtoward minimum required contributions for current year2019-10-3117,477
Unpaid minimum required contributions for current year2019-10-310
Unpaid minimum required contributions for all years2019-10-310
2018: LOCAL UNION OPEIU 28 PENSION PLAN 2018 401k membership
Market value of plan assets2018-10-311,340,900
Acturial value of plan assets2018-10-311,340,900
Funding target for retired participants and beneficiaries receiving payment2018-10-31719,343
Number of terminated vested participants2018-10-310
Fundng target for terminated vested participants2018-10-310
Active participant vested funding target2018-10-31536,492
Number of active participants2018-10-313
Total funding liabilities for active participants2018-10-31536,492
Total participant count2018-10-3110
Total funding target for all participants2018-10-311,255,835
Balance at beginning of prior year after applicable adjustments2018-10-318,881
Prefunding balance at beginning of prior year after applicable adjustments2018-10-3129,589
Carryover balanced portion elected for use to offset prior years funding requirement2018-10-310
Prefunding balanced used to offset prior years funding requirement2018-10-310
Amount remaining of carryover balance2018-10-318,881
Amount remaining of prefunding balance2018-10-3129,589
Present value of excess contributions2018-10-316,562
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-10-316,952
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-10-310
Reductions in caryover balances due to elections or deemed elections2018-10-310
Reductions in prefunding balances due to elections or deemed elections2018-10-310
Balance of carryovers at beginning of current year2018-10-319,995
Balance of prefunding at beginning of current year2018-10-3133,299
Total employer contributions2018-10-3118,000
Total employee contributions2018-10-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-10-310
Contributions made to avoid restrictions adjusted to valuation date2018-10-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-10-3117,460
Unpaid minimum required contributions for all prior years2018-10-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-10-310
Remaining amount of unpaid minimum required contributions2018-10-310
Minimum required contributions for current year target normal cost2018-10-3111,748
Net shortfall amortization installment of oustanding balance2018-10-310
Waiver amortization installment2018-10-310
Total funding amount beforereflecting carryover/prefunding balances2018-10-310
Carryover balance elected to use to offset funding requirement2018-10-310
Prefunding balance elected to use to offset funding requirement2018-10-310
Additional cash requirement2018-10-310
Contributions allocatedtoward minimum required contributions for current year2018-10-3117,460
Unpaid minimum required contributions for current year2018-10-310
Unpaid minimum required contributions for all years2018-10-310
2017: LOCAL UNION OPEIU 28 PENSION PLAN 2017 401k membership
Market value of plan assets2017-10-311,255,394
Acturial value of plan assets2017-10-311,255,394
Funding target for retired participants and beneficiaries receiving payment2017-10-31731,771
Number of terminated vested participants2017-10-310
Fundng target for terminated vested participants2017-10-310
Active participant vested funding target2017-10-31495,513
Number of active participants2017-10-313
Total funding liabilities for active participants2017-10-31495,513
Total participant count2017-10-3110
Total funding target for all participants2017-10-311,227,284
Balance at beginning of prior year after applicable adjustments2017-10-318,875
Prefunding balance at beginning of prior year after applicable adjustments2017-10-3129,568
Carryover balanced portion elected for use to offset prior years funding requirement2017-10-310
Prefunding balanced used to offset prior years funding requirement2017-10-310
Amount remaining of carryover balance2017-10-318,875
Amount remaining of prefunding balance2017-10-3129,568
Present value of excess contributions2017-10-3117,425
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-10-3118,497
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-10-310
Reductions in caryover balances due to elections or deemed elections2017-10-310
Reductions in prefunding balances due to elections or deemed elections2017-10-310
Balance of carryovers at beginning of current year2017-10-318,881
Balance of prefunding at beginning of current year2017-10-3129,589
Total employer contributions2017-10-3118,000
Total employee contributions2017-10-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-10-310
Contributions made to avoid restrictions adjusted to valuation date2017-10-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-10-3117,443
Unpaid minimum required contributions for all prior years2017-10-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-10-310
Remaining amount of unpaid minimum required contributions2017-10-310
Minimum required contributions for current year target normal cost2017-10-3110,881
Net shortfall amortization installment of oustanding balance2017-10-310
Waiver amortization installment2017-10-310
Waived amount of outstanding balance2017-10-310
Total funding amount beforereflecting carryover/prefunding balances2017-10-3110,881
Carryover balance elected to use to offset funding requirement2017-10-310
Prefunding balance elected to use to offset funding requirement2017-10-310
Additional cash requirement2017-10-3110,881
Contributions allocatedtoward minimum required contributions for current year2017-10-3117,443
Unpaid minimum required contributions for current year2017-10-310
Unpaid minimum required contributions for all years2017-10-310
2010: LOCAL UNION OPEIU 28 PENSION PLAN 2010 401k membership
Total participants, beginning-of-year2010-11-0110
Total number of active participants reported on line 7a of the Form 55002010-11-014
Number of retired or separated participants receiving benefits2010-11-016
Total of all active and inactive participants2010-11-0110
Total participants2010-11-0110
2009: LOCAL UNION OPEIU 28 PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-11-0111
Total number of active participants reported on line 7a of the Form 55002009-11-014
Number of retired or separated participants receiving benefits2009-11-016
Total of all active and inactive participants2009-11-0110
Total participants2009-11-0110

Financial Data on LOCAL UNION OPEIU 28 PENSION PLAN

Measure Date Value
2011 : LOCAL UNION OPEIU 28 PENSION PLAN 2011 401k financial data
Total income from all sources2011-10-31$111,551
Expenses. Total of all expenses incurred2011-10-31$59,551
Benefits paid (including direct rollovers)2011-10-31$57,882
Total plan assets at end of year2011-10-31$931,381
Total plan assets at beginning of year2011-10-31$879,381
Value of fidelity bond covering the plan2011-10-31$100,000
Other income received2011-10-31$58,271
Net income (gross income less expenses)2011-10-31$52,000
Net plan assets at end of year (total assets less liabilities)2011-10-31$931,381
Net plan assets at beginning of year (total assets less liabilities)2011-10-31$879,381
Total contributions received or receivable from employer(s)2011-10-31$53,280
Expenses. Administrative service providers (salaries,fees and commissions)2011-10-31$1,669

Form 5500 Responses for LOCAL UNION OPEIU 28 PENSION PLAN

2010: LOCAL UNION OPEIU 28 PENSION PLAN 2010 form 5500 responses
2010-11-01Type of plan entitySingle employer plan
2010-11-01Submission has been amendedYes
2010-11-01Plan funding arrangement – TrustYes
2010-11-01Plan benefit arrangement - TrustYes
2009: LOCAL UNION OPEIU 28 PENSION PLAN 2009 form 5500 responses
2009-11-01Type of plan entitySingle employer plan
2009-11-01This submission is the final filingNo
2009-11-01Plan funding arrangement – TrustYes
2009-11-01Plan benefit arrangement - TrustYes
2008: LOCAL UNION OPEIU 28 PENSION PLAN 2008 form 5500 responses
2008-11-01Type of plan entitySingle employer plan
2008-11-01Submission has been amendedNo
2008-11-01This submission is the final filingNo
2008-11-01This return/report is a short plan year return/report (less than 12 months)No
2008-11-01Plan is a collectively bargained planNo

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