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RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP 401k Plan overview

Plan NameRETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP
Plan identification number 002

RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP 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

INDUSTRIAL METAL PRODUCTS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:INDUSTRIAL METAL PRODUCTS CORPORATION
Employer identification number (EIN):380677845
NAIC Classification:333510

Additional information about INDUSTRIAL METAL PRODUCTS CORPORATION

Jurisdiction of Incorporation: Michigan Department of Licensing & Regulatory Affairs
Incorporation Date:
Company Identification Number: 093157

More information about INDUSTRIAL METAL PRODUCTS CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022012-10-01DAVID HOUGHTON DAVID HOUGHTON2014-07-07
0022011-10-01DAVID HOUGHTON DAVID HOUGHTON2013-07-02
0022010-10-01DAVID HOUGHTON DAVID HOUGHTON2013-04-29
0022009-10-01DAVID NADEAU
0022009-10-01DAVID HOUGHTON DAVID HOUGHTON2013-04-26
0022008-10-01

Plan Statistics for RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP

401k plan membership statisitcs for RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP

Measure Date Value
2012: RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP 2012 401k membership
Total participants, beginning-of-year2012-10-01138
Total number of active participants reported on line 7a of the Form 55002012-10-010
Number of retired or separated participants receiving benefits2012-10-010
Number of other retired or separated participants entitled to future benefits2012-10-010
Total of all active and inactive participants2012-10-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-10-010
Total participants2012-10-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-10-010
2011: RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP 2011 401k membership
Total participants, beginning-of-year2011-10-01140
Total number of active participants reported on line 7a of the Form 55002011-10-0120
Number of retired or separated participants receiving benefits2011-10-0183
Number of other retired or separated participants entitled to future benefits2011-10-0135
Total of all active and inactive participants2011-10-01138
Total participants2011-10-01138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-10-010
2010: RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP 2010 401k membership
Total participants, beginning-of-year2010-10-01143
Total number of active participants reported on line 7a of the Form 55002010-10-0125
Number of retired or separated participants receiving benefits2010-10-0181
Number of other retired or separated participants entitled to future benefits2010-10-0134
Total of all active and inactive participants2010-10-01140
Total participants2010-10-01140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-10-010
2009: RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP 2009 401k membership
Total participants, beginning-of-year2009-10-01144
Total number of active participants reported on line 7a of the Form 55002009-10-0127
Number of retired or separated participants receiving benefits2009-10-0181
Number of other retired or separated participants entitled to future benefits2009-10-0135
Total of all active and inactive participants2009-10-01143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-10-010
Total participants2009-10-01143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-10-010

Financial Data on RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP

Measure Date Value
2013 : RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP 2013 401k financial data
Total transfer of assets from this plan2013-09-30$6,532,945
Total income from all sources (including contributions)2013-09-30$411,829
Total of all expenses incurred2013-09-30$512,884
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-09-30$490,800
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-09-30$89,700
Value of total assets at end of year2013-09-30$0
Value of total assets at beginning of year2013-09-30$6,634,000
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-09-30$22,084
Total dividends received (eg from common stock, registered investment company shares)2013-09-30$33,976
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-09-30No
Total dividends received from registered investment company shares (eg mutual funds)2013-09-30$33,976
Was this plan covered by a fidelity bond2013-09-30Yes
Value of fidelity bond cover2013-09-30$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-09-30$0
Were there any nonexempt tranactions with any party-in-interest2013-09-30No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-09-30No
Value of net income/loss2013-09-30$-101,055
Value of net assets at end of year (total assets less liabilities)2013-09-30$0
Value of net assets at beginning of year (total assets less liabilities)2013-09-30$6,634,000
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-09-30No
Were any loans by the plan or fixed income obligations due to the plan in default2013-09-30No
Were any leases to which the plan was party in default or uncollectible2013-09-30No
Investment advisory and management fees2013-09-30$19,107
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-09-30$6,138,633
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-09-30$16,267
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-09-30$288,153
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-09-30Yes
Was there a failure to transmit to the plan any participant contributions2013-09-30No
Has the plan failed to provide any benefit when due under the plan2013-09-30No
Contributions received in cash from employer2013-09-30$89,700
Employer contributions (assets) at end of year2013-09-30$0
Employer contributions (assets) at beginning of year2013-09-30$479,100
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-09-30$490,800
Contract administrator fees2013-09-30$2,977
Did the plan have assets held for investment2013-09-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-09-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-09-30Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-09-30No
Opinion of an independent qualified public accountant for this plan2013-09-30Unqualified
Accountancy firm name2013-09-30MANER,COSTERISAN & ELLIS, P.C.
Accountancy firm EIN2013-09-30382157642
2012 : RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP 2012 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-09-30$0
Total income from all sources (including contributions)2012-09-30$957,237
Total of all expenses incurred2012-09-30$526,810
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-09-30$505,845
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-09-30$479,100
Value of total assets at end of year2012-09-30$6,634,000
Value of total assets at beginning of year2012-09-30$6,203,573
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-09-30$20,965
Total dividends received (eg from common stock, registered investment company shares)2012-09-30$32,791
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-09-30No
Total dividends received from registered investment company shares (eg mutual funds)2012-09-30$32,791
Was this plan covered by a fidelity bond2012-09-30Yes
Value of fidelity bond cover2012-09-30$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-09-30$0
Were there any nonexempt tranactions with any party-in-interest2012-09-30No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-09-30No
Value of net income/loss2012-09-30$430,427
Value of net assets at end of year (total assets less liabilities)2012-09-30$6,634,000
Value of net assets at beginning of year (total assets less liabilities)2012-09-30$6,203,573
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-09-30No
Were any loans by the plan or fixed income obligations due to the plan in default2012-09-30No
Were any leases to which the plan was party in default or uncollectible2012-09-30No
Investment advisory and management fees2012-09-30$20,965
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-09-30$6,138,633
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-09-30$5,728,546
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-09-30$16,267
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-09-30$14,426
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-09-30$445,346
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-09-30Yes
Was there a failure to transmit to the plan any participant contributions2012-09-30No
Has the plan failed to provide any benefit when due under the plan2012-09-30No
Contributions received in cash from employer2012-09-30$479,100
Employer contributions (assets) at end of year2012-09-30$479,100
Employer contributions (assets) at beginning of year2012-09-30$460,601
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-09-30$505,845
Did the plan have assets held for investment2012-09-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-09-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-09-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-09-30Yes
Opinion of an independent qualified public accountant for this plan2012-09-30Disclaimer
Accountancy firm name2012-09-30MANER,COSTERISAN & ELLIS, P.C.
Accountancy firm EIN2012-09-30382157642
2011 : RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-09-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-09-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-09-30$0
Total income from all sources (including contributions)2011-09-30$1,066,753
Total loss/gain on sale of assets2011-09-30$0
Total of all expenses incurred2011-09-30$521,715
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-09-30$503,259
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-09-30$460,601
Value of total assets at end of year2011-09-30$6,203,573
Value of total assets at beginning of year2011-09-30$5,658,535
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-09-30$18,456
Total interest from all sources2011-09-30$0
Total dividends received (eg from common stock, registered investment company shares)2011-09-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-09-30Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-09-30$0
Was this plan covered by a fidelity bond2011-09-30Yes
Value of fidelity bond cover2011-09-30$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-09-30$0
Were there any nonexempt tranactions with any party-in-interest2011-09-30No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-09-30No
Value of net income/loss2011-09-30$545,038
Value of net assets at end of year (total assets less liabilities)2011-09-30$6,203,573
Value of net assets at beginning of year (total assets less liabilities)2011-09-30$5,658,535
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-09-30No
Were any loans by the plan or fixed income obligations due to the plan in default2011-09-30No
Were any leases to which the plan was party in default or uncollectible2011-09-30No
Investment advisory and management fees2011-09-30$18,456
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-09-30$5,728,546
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-09-30$5,654,441
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-09-30$14,426
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-09-30$4,094
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-09-30$606,152
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-09-30Yes
Was there a failure to transmit to the plan any participant contributions2011-09-30No
Has the plan failed to provide any benefit when due under the plan2011-09-30No
Contributions received in cash from employer2011-09-30$460,601
Employer contributions (assets) at end of year2011-09-30$460,601
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-09-30$503,259
Did the plan have assets held for investment2011-09-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-09-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-09-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-09-30Yes
Opinion of an independent qualified public accountant for this plan2011-09-30Disclaimer
Accountancy firm name2011-09-30MANER,COSTERISAN & ELLIS, P.C.
Accountancy firm EIN2011-09-30382157642
2010 : RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-09-30$0

Form 5500 Responses for RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP

2012: RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP 2012 form 5500 responses
2012-10-01Type of plan entitySingle employer plan
2012-10-01Submission has been amendedNo
2012-10-01This submission is the final filingYes
2012-10-01This return/report is a short plan year return/report (less than 12 months)No
2012-10-01Plan is a collectively bargained planYes
2012-10-01Plan funding arrangement – InsuranceYes
2012-10-01Plan funding arrangement – TrustYes
2012-10-01Plan benefit arrangement – InsuranceYes
2012-10-01Plan benefit arrangement - TrustYes
2011: RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP 2011 form 5500 responses
2011-10-01Type of plan entitySingle employer plan
2011-10-01Submission has been amendedNo
2011-10-01This submission is the final filingNo
2011-10-01This return/report is a short plan year return/report (less than 12 months)No
2011-10-01Plan is a collectively bargained planYes
2011-10-01Plan funding arrangement – InsuranceYes
2011-10-01Plan funding arrangement – TrustYes
2011-10-01Plan benefit arrangement – InsuranceYes
2011-10-01Plan benefit arrangement - TrustYes
2010: RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP 2010 form 5500 responses
2010-10-01Type of plan entitySingle employer plan
2010-10-01Submission has been amendedYes
2010-10-01This submission is the final filingNo
2010-10-01This return/report is a short plan year return/report (less than 12 months)No
2010-10-01Plan is a collectively bargained planYes
2010-10-01Plan funding arrangement – InsuranceYes
2010-10-01Plan funding arrangement – TrustYes
2010-10-01Plan benefit arrangement – InsuranceYes
2010-10-01Plan benefit arrangement - TrustYes
2009: RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP 2009 form 5500 responses
2009-10-01Type of plan entitySingle employer plan
2009-10-01Submission has been amendedNo
2009-10-01This submission is the final filingNo
2009-10-01This return/report is a short plan year return/report (less than 12 months)No
2009-10-01Plan is a collectively bargained planNo
2009-10-01Plan funding arrangement – InsuranceYes
2009-10-01Plan funding arrangement – TrustYes
2009-10-01Plan benefit arrangement – InsuranceYes
2009-10-01Plan benefit arrangement - TrustYes
2008: RETIREMENT INCOME PLAN FOR HOURLY RATED EMPLOYEES OF INDUSTRIAL METAL PRODUCTS CORP 2008 form 5500 responses
2008-10-01Type of plan entitySingle employer plan
2008-10-01Submission has been amendedNo
2008-10-01This submission is the final filingNo
2008-10-01This return/report is a short plan year return/report (less than 12 months)No
2008-10-01Plan is a collectively bargained planNo

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