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PENSION PLAN FOR THE EMPLOYEES OF MODERN MACHINE TOOL COMPANY 401k Plan overview

Plan NamePENSION PLAN FOR THE EMPLOYEES OF MODERN MACHINE TOOL COMPANY
Plan identification number 002

PENSION PLAN FOR THE EMPLOYEES OF MODERN MACHINE TOOL COMPANY Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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).
  • 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

MODERN MACHINE TOOL COMPANY has sponsored the creation of one or more 401k plans.

Company Name:MODERN MACHINE TOOL COMPANY
Employer identification number (EIN):380844480
NAIC Classification:333200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR THE EMPLOYEES OF MODERN MACHINE TOOL COMPANY

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01LAURIE CUNNINGHAM2023-05-09 LAURIE CUNNINGHAM2023-05-09
0022021-01-01LAURIE CUNNINGHAM2022-07-01 LAURIE CUNNINGHAM2022-07-01
0022020-01-01LAURIE CUNNINGHAM2021-07-13 LAURIE CUNNINGHAM2021-07-13
0022018-01-01LAURIE CUNNINGHAM2019-09-09 LAURIE CUNNINGHAM2019-09-09
0022017-01-01KATHLEEN JILES2018-10-09 KATHLEEN JILES2018-10-09
0022016-01-01KATHLEEN JILES2017-09-18 KATHLEEN JILES2017-09-18
0022015-01-01GREGORY WALKER2016-10-13
0022014-01-01GREGORY WALKER2015-10-12
0022013-01-01GREGORY WALKER2014-10-08
0022012-01-01GREGORY WALKER2013-08-08
0022011-01-01JULIE DUNBAR2012-09-27
0022010-01-01JULIE DUNBAR2011-10-11

Plan Statistics for PENSION PLAN FOR THE EMPLOYEES OF MODERN MACHINE TOOL COMPANY

401k plan membership statisitcs for PENSION PLAN FOR THE EMPLOYEES OF MODERN MACHINE TOOL COMPANY

Measure Date Value
2022: PENSION PLAN FOR THE EMPLOYEES OF MODERN MACHINE TOOL COMPANY 2022 401k membership
Market value of plan assets2022-12-313,923,243
Acturial value of plan assets2022-12-313,923,243
Funding target for retired participants and beneficiaries receiving payment2022-12-31802,690
Number of terminated vested participants2022-12-314
Fundng target for terminated vested participants2022-12-31183,193
Active participant vested funding target2022-12-311,191,604
Number of active participants2022-12-315
Total funding liabilities for active participants2022-12-311,191,604
Total participant count2022-12-3111
Total funding target for all participants2022-12-312,177,487
Balance at beginning of prior year after applicable adjustments2022-12-31852
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
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 balance2022-12-31852
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
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 elections2022-12-310
Balance of carryovers at beginning of current year2022-12-311,009
Balance of prefunding at beginning of current year2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from 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 balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: PENSION PLAN FOR THE EMPLOYEES OF MODERN MACHINE TOOL COMPANY 2021 401k membership
Market value of plan assets2021-12-313,391,425
Acturial value of plan assets2021-12-313,391,425
Funding target for retired participants and beneficiaries receiving payment2021-12-31820,492
Number of terminated vested participants2021-12-314
Fundng target for terminated vested participants2021-12-31168,290
Active participant vested funding target2021-12-311,107,960
Number of active participants2021-12-315
Total funding liabilities for active participants2021-12-311,107,960
Total participant count2021-12-3111
Total funding target for all participants2021-12-312,096,742
Balance at beginning of prior year after applicable adjustments2021-12-31700
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 balance2021-12-31700
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
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 year2021-12-31852
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
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 balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: PENSION PLAN FOR THE EMPLOYEES OF MODERN MACHINE TOOL COMPANY 2020 401k membership
Market value of plan assets2020-12-312,863,556
Acturial value of plan assets2020-12-312,863,556
Funding target for retired participants and beneficiaries receiving payment2020-12-31839,796
Number of terminated vested participants2020-12-314
Fundng target for terminated vested participants2020-12-31155,197
Active participant vested funding target2020-12-311,026,792
Number of active participants2020-12-315
Total funding liabilities for active participants2020-12-311,031,874
Total participant count2020-12-3111
Total funding target for all participants2020-12-312,026,867
Balance at beginning of prior year after applicable adjustments2020-12-31572
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-31572
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
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 year2020-12-31700
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-310
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 date2020-12-310
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 balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: PENSION PLAN FOR THE EMPLOYEES OF MODERN MACHINE TOOL COMPANY 2019 401k membership
Market value of plan assets2019-12-312,491,874
Acturial value of plan assets2019-12-312,491,874
Funding target for retired participants and beneficiaries receiving payment2019-12-31964,734
Number of terminated vested participants2019-12-316
Fundng target for terminated vested participants2019-12-31290,802
Active participant vested funding target2019-12-31970,215
Number of active participants2019-12-314
Total funding liabilities for active participants2019-12-31970,215
Total participant count2019-12-3112
Total funding target for all participants2019-12-312,225,751
Balance at beginning of prior year after applicable adjustments2019-12-31602
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-31602
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
Total available prior years excess cotributions added 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 year2019-12-31572
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-310
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 date2019-12-310
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 balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: PENSION PLAN FOR THE EMPLOYEES OF MODERN MACHINE TOOL COMPANY 2018 401k membership
Market value of plan assets2018-12-312,711,081
Acturial value of plan assets2018-12-312,711,081
Funding target for retired participants and beneficiaries receiving payment2018-12-31994,703
Number of terminated vested participants2018-12-315
Fundng target for terminated vested participants2018-12-31155,425
Active participant vested funding target2018-12-311,004,779
Number of active participants2018-12-315
Total funding liabilities for active participants2018-12-311,004,779
Total participant count2018-12-3113
Total funding target for all participants2018-12-312,154,907
Balance at beginning of prior year after applicable adjustments2018-12-31489
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-31489
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
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-31602
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-310
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 date2018-12-310
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 balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: PENSION PLAN FOR THE EMPLOYEES OF MODERN MACHINE TOOL COMPANY 2017 401k membership
Market value of plan assets2017-12-312,281,594
Acturial value of plan assets2017-12-312,281,594
Funding target for retired participants and beneficiaries receiving payment2017-12-31972,431
Number of terminated vested participants2017-12-315
Fundng target for terminated vested participants2017-12-31137,699
Active participant vested funding target2017-12-31898,376
Number of active participants2017-12-315
Total funding liabilities for active participants2017-12-31898,376
Total participant count2017-12-3113
Total funding target for all participants2017-12-312,008,506
Balance at beginning of prior year after applicable adjustments2017-12-31448
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-31448
Amount remaining of prefunding balance2017-12-310
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
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-31489
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-310
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 date2017-12-310
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 balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: PENSION PLAN FOR THE EMPLOYEES OF MODERN MACHINE TOOL COMPANY 2016 401k membership
Market value of plan assets2016-12-312,192,559
Acturial value of plan assets2016-12-312,192,559
Funding target for retired participants and beneficiaries receiving payment2016-12-31977,377
Number of terminated vested participants2016-12-316
Fundng target for terminated vested participants2016-12-31140,134
Active participant vested funding target2016-12-31820,611
Number of active participants2016-12-315
Total funding liabilities for active participants2016-12-31820,611
Total participant count2016-12-3114
Total funding target for all participants2016-12-311,938,122
Balance at beginning of prior year after applicable adjustments2016-12-31436
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-31436
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-31448
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-310
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 date2016-12-310
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 balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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