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TOWER AUTOMOTIVE UNION 401(K) PLAN 401k Plan overview

Plan NameTOWER AUTOMOTIVE UNION 401(K) PLAN
Plan identification number 004

TOWER AUTOMOTIVE UNION 401(K) PLAN Benefits

401k Plan TypeDefined 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

R. J. TOWER CORPORATION C/O TOWER AUTOMOTIVE, INC. has sponsored the creation of one or more 401k plans.

Company Name:R. J. TOWER CORPORATION C/O TOWER AUTOMOTIVE, INC.
Employer identification number (EIN):381521832
NAIC Classification:336300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TOWER AUTOMOTIVE UNION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042010-01-01JEFFERY J. STEGENGA
0042009-01-01JEFFERY J. STEGENGA

Plan Statistics for TOWER AUTOMOTIVE UNION 401(K) PLAN

401k plan membership statisitcs for TOWER AUTOMOTIVE UNION 401(K) PLAN

Measure Date Value
2010: TOWER AUTOMOTIVE UNION 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-010
Total number of active participants reported on line 7a of the Form 55002010-01-010
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-010
Number of participants with account balances2010-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: TOWER AUTOMOTIVE UNION 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-012,841
Total number of active participants reported on line 7a of the Form 55002009-01-010
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-010
Number of participants with account balances2009-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on TOWER AUTOMOTIVE UNION 401(K) PLAN

Measure Date Value
2010 : TOWER AUTOMOTIVE UNION 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-04-29$0
Total transfer of assets from this plan2010-04-29$407
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-04-29$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-04-29$0
Total income from all sources (including contributions)2010-04-29$114,595
Total loss/gain on sale of assets2010-04-29$0
Total of all expenses incurred2010-04-29$114,188
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-04-29$60,481
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-04-29$114,594
Value of total assets at end of year2010-04-29$0
Value of total assets at beginning of year2010-04-29$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-04-29$53,707
Total interest from all sources2010-04-29$0
Total dividends received (eg from common stock, registered investment company shares)2010-04-29$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-04-29Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-04-29$0
Administrative expenses professional fees incurred2010-04-29$13,347
Was this plan covered by a fidelity bond2010-04-29Yes
Value of fidelity bond cover2010-04-29$10,000,000
If this is an individual account plan, was there a blackout period2010-04-29No
Were there any nonexempt tranactions with any party-in-interest2010-04-29No
Income. Received or receivable in cash from other sources (including rollovers)2010-04-29$114,594
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-04-29No
Value of net income/loss2010-04-29$407
Value of net assets at end of year (total assets less liabilities)2010-04-29$0
Value of net assets at beginning of year (total assets less liabilities)2010-04-29$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-04-29No
Were any loans by the plan or fixed income obligations due to the plan in default2010-04-29No
Were any leases to which the plan was party in default or uncollectible2010-04-29No
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-04-29$1
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-04-29No
Was there a failure to transmit to the plan any participant contributions2010-04-29No
Has the plan failed to provide any benefit when due under the plan2010-04-29No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-04-29$60,481
Contract administrator fees2010-04-29$40,360
Did the plan have assets held for investment2010-04-29No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-04-29No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-04-29Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-04-29Yes
Opinion of an independent qualified public accountant for this plan2010-04-29Disclaimer
Accountancy firm name2010-04-29DOEREN MAYHEW
Accountancy firm EIN2010-04-29382492570

Form 5500 Responses for TOWER AUTOMOTIVE UNION 401(K) PLAN

2010: TOWER AUTOMOTIVE UNION 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingYes
2010-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2010-01-01Plan is a collectively bargained planYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: TOWER AUTOMOTIVE UNION 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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