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TWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES 401k Plan overview

Plan NameTWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES
Plan identification number 004

TWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES Benefits

401k Plan TypeOther Pension Benefit
Plan Features/Benefits
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

TWIN DISC, INCORPORATED has sponsored the creation of one or more 401k plans.

Company Name:TWIN DISC, INCORPORATED
Employer identification number (EIN):390667110
NAIC Classification:333610

Additional information about TWIN DISC, INCORPORATED

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1937-11-19
Company Identification Number: 0000947906
Legal Registered Office Address: 4600 21ST ST

RACINE
United States of America (USA)
53405

More information about TWIN DISC, INCORPORATED

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042022-12-31

Plan Statistics for TWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES

401k plan membership statisitcs for TWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES

Measure Date Value
2022: TWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES 2022 401k membership
Total participants, beginning-of-year2022-12-310
Total number of active participants reported on line 7a of the Form 55002022-12-3145
Number of retired or separated participants receiving benefits2022-12-31602
Number of other retired or separated participants entitled to future benefits2022-12-3161
Total of all active and inactive participants2022-12-31708
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-12-31199
Total participants2022-12-31907
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-12-310

Financial Data on TWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES

Measure Date Value
2022 : TWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$61,064,741
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$0
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$0
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$0
Value of total assets at end of year2022-12-31$61,064,741
Value of total assets at beginning of year2022-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$0
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$3,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$0
Value of net assets at end of year (total assets less liabilities)2022-12-31$61,064,741
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in master investment trust accounts at end of year2022-12-31$61,064,741
Value of interest in master investment trust accounts at beginning of year2022-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Did the plan have assets held for investment2022-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No

Form 5500 Responses for TWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES

2022: TWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES 2022 form 5500 responses
2022-12-31Type of plan entitySingle employer plan
2022-12-31First time form 5500 has been submittedYes
2022-12-31Submission has been amendedNo
2022-12-31This submission is the final filingNo
2022-12-31This return/report is a short plan year return/report (less than 12 months)Yes
2022-12-31Plan is a collectively bargained planNo
2022-12-31Plan funding arrangement – TrustYes
2022-12-31Plan benefit arrangement - TrustYes

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