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ALLIED METALS CORPORATION CASH BALANCE PLAN 401k Plan overview

Plan NameALLIED METALS CORPORATION CASH BALANCE PLAN
Plan identification number 004

ALLIED METALS CORPORATION CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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

ALLIED METALS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:ALLIED METALS CORPORATION
Employer identification number (EIN):386323017
NAIC Classification:332900

Additional information about ALLIED METALS CORPORATION

Jurisdiction of Incorporation: Michigan Department of Licensing & Regulatory Affairs
Incorporation Date:
Company Identification Number: 021700

More information about ALLIED METALS CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ALLIED METALS CORPORATION CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042019-01-01DENNIS MCCARTHY2019-12-19
0042018-01-01DENNIS MCCARTHY2019-08-02
0042017-01-01DENNIS MCCARTHY2018-10-10
0042016-01-01FRANK KINNEY2017-10-09
0042015-01-01JOHN DERADOORIAN2016-10-03
0042014-01-01JOHN DERADOORIAN2015-10-05
0042013-01-01JOHN DERADOORIAN2014-10-14
0042012-01-01JOHN DERADOORIAN2013-10-01
0042011-01-01JOHN DERADOORIAN2012-10-08
0042010-01-01GREG HIRSCH2011-10-18 GREG HIRSCH2011-10-18

Plan Statistics for ALLIED METALS CORPORATION CASH BALANCE PLAN

401k plan membership statisitcs for ALLIED METALS CORPORATION CASH BALANCE PLAN

Measure Date Value
2019: ALLIED METALS CORPORATION CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-10-15437,214
Acturial value of plan assets2019-10-15437,214
Funding target for retired participants and beneficiaries receiving payment2019-10-150
Number of terminated vested participants2019-10-1515
Fundng target for terminated vested participants2019-10-1555,698
Active participant vested funding target2019-10-15296,658
Number of active participants2019-10-1512
Total funding liabilities for active participants2019-10-15296,658
Total participant count2019-10-1527
Total funding target for all participants2019-10-15352,356
Balance at beginning of prior year after applicable adjustments2019-10-150
Prefunding balance at beginning of prior year after applicable adjustments2019-10-150
Carryover balanced portion elected for use to offset prior years funding requirement2019-10-150
Prefunding balanced used to offset prior years funding requirement2019-10-150
Amount remaining of carryover balance2019-10-150
Amount remaining of prefunding balance2019-10-150
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-10-150
Reductions in caryover balances due to elections or deemed elections2019-10-150
Reductions in prefunding balances due to elections or deemed elections2019-10-150
Balance of carryovers at beginning of current year2019-10-150
Balance of prefunding at beginning of current year2019-10-150
Total employer contributions2019-10-150
Total employee contributions2019-10-150
Contributions allocated toward unpaid minimum require contributions from prior years2019-10-150
Contributions made to avoid restrictions adjusted to valuation date2019-10-150
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-10-150
Unpaid minimum required contributions for all prior years2019-10-150
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-10-150
Remaining amount of unpaid minimum required contributions2019-10-150
Minimum required contributions for current year target normal cost2019-10-150
Net shortfall amortization installment of oustanding balance2019-10-150
Waiver amortization installment2019-10-150
Total funding amount beforereflecting carryover/prefunding balances2019-10-150
Carryover balance elected to use to offset funding requirement2019-10-150
Prefunding balance elected to use to offset funding requirement2019-10-150
Additional cash requirement2019-10-150
Contributions allocatedtoward minimum required contributions for current year2019-10-150
Unpaid minimum required contributions for current year2019-10-150
Unpaid minimum required contributions for all years2019-10-150
2018: ALLIED METALS CORPORATION CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31395,553
Acturial value of plan assets2018-12-31395,553
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-3115
Fundng target for terminated vested participants2018-12-3152,495
Active participant vested funding target2018-12-31100,200
Number of active participants2018-12-3112
Total funding liabilities for active participants2018-12-31100,200
Total participant count2018-12-3127
Total funding target for all participants2018-12-31152,695
Balance at beginning of prior year after applicable adjustments2018-12-31134,846
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31307,026
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 balance2018-12-31134,846
Amount remaining of prefunding balance2018-12-31307,026
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 elections2018-12-31147,872
Reductions in prefunding balances due to elections or deemed elections2018-12-31336,685
Balance of carryovers at beginning of current year2018-12-310
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 cost2018-12-31177,446
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
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: ALLIED METALS CORPORATION CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31439,721
Acturial value of plan assets2017-12-31439,721
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-3112
Fundng target for terminated vested participants2017-12-3123,457
Active participant vested funding target2017-12-31142,465
Number of active participants2017-12-3120
Total funding liabilities for active participants2017-12-31142,465
Total participant count2017-12-3132
Total funding target for all participants2017-12-31165,922
Balance at beginning of prior year after applicable adjustments2017-12-31121,779
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31277,274
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 balance2017-12-31121,779
Amount remaining of prefunding balance2017-12-31277,274
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 year2017-12-31134,846
Balance of prefunding at beginning of current year2017-12-31307,026
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: ALLIED METALS CORPORATION CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-312,203,175
Acturial value of plan assets2016-12-312,203,175
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-3112
Fundng target for terminated vested participants2016-12-3120,944
Active participant vested funding target2016-12-311,871,423
Number of active participants2016-12-3148
Total funding liabilities for active participants2016-12-311,871,423
Total participant count2016-12-3160
Total funding target for all participants2016-12-311,892,367
Balance at beginning of prior year after applicable adjustments2016-12-31123,521
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31281,239
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 balance2016-12-31123,521
Amount remaining of prefunding balance2016-12-31281,239
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 year2016-12-31121,779
Balance of prefunding at beginning of current year2016-12-31277,274
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
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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