401k Plan data: MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN plan

MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN 401k Plan overview

Plan Name	MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN
Plan identification number	002

MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN Benefits

401k Plan Type

Defined 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).

401k Sponsoring company profile

MIDWEST INDUSTRIAL COATINGS, INC. has sponsored the creation of one or more 401k plans.

Company Name: MIDWEST INDUSTRIAL COATINGS, INC.

Employer identification number (EIN): 411527109

NAIC Classification: 325500

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 CHAD O'CONNOR 2023-09-17
002 2021-01-01 CHAD O'CONNOR 2022-07-28
002 2020-01-01 DANIEL SEELER 2021-07-22 DANIEL SEELER 2021-07-22
002 2019-01-01 DANIEL SEELER 2020-06-30 DANIEL SEELER 2020-06-30
002 2018-01-01 DANIEL SEELER 2019-05-16 DANIEL SEELER 2019-05-16
002 2017-01-01 DANIEL SEELER 2018-05-17 DANIEL SEELER 2018-05-17
002 2016-01-01 DANIEL SEELER 2017-05-16 DANIEL SEELER 2017-05-16
002 2015-01-01 DANIEL SEELER 2016-09-29 DANIEL SEELER 2016-09-29
002 2014-01-01 DANIEL SEELER 2015-07-20 DANIEL SEELER 2015-07-20

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01	CHAD O'CONNOR	2023-09-17
002	2021-01-01	CHAD O'CONNOR	2022-07-28
002	2020-01-01	DANIEL SEELER	2021-07-22	DANIEL SEELER	2021-07-22
002	2019-01-01	DANIEL SEELER	2020-06-30	DANIEL SEELER	2020-06-30
002	2018-01-01	DANIEL SEELER	2019-05-16	DANIEL SEELER	2019-05-16
002	2017-01-01	DANIEL SEELER	2018-05-17	DANIEL SEELER	2018-05-17
002	2016-01-01	DANIEL SEELER	2017-05-16	DANIEL SEELER	2017-05-16
002	2015-01-01	DANIEL SEELER	2016-09-29	DANIEL SEELER	2016-09-29
002	2014-01-01	DANIEL SEELER	2015-07-20	DANIEL SEELER	2015-07-20

Plan Statistics for MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN

401k plan membership statisitcs for MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN

Measure Date Value
2022: MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets 2022-12-31 3,252,614
Acturial value of plan assets 2022-12-31 3,252,614
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 0
Number of terminated vested participants 2022-12-31 1
Fundng target for terminated vested participants 2022-12-31 6,978
Active participant vested funding target 2022-12-31 3,329,737
Number of active participants 2022-12-31 27
Total funding liabilities for active participants 2022-12-31 3,329,737
Total participant count 2022-12-31 28
Total funding target for all participants 2022-12-31 3,336,715
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 241,138
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 241,138
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 467,632
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 463,031
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 400,902
Net shortfall amortization installment of oustanding balance 2022-12-31 84,101
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 408,674
Additional cash requirement 2022-12-31 408,674
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 463,031
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets 2021-12-31 3,623,799
Acturial value of plan assets 2021-12-31 3,623,799
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 0
Number of terminated vested participants 2021-12-31 3
Fundng target for terminated vested participants 2021-12-31 38,978
Active participant vested funding target 2021-12-31 2,774,825
Number of active participants 2021-12-31 25
Total funding liabilities for active participants 2021-12-31 2,774,825
Total participant count 2021-12-31 28
Total funding target for all participants 2021-12-31 2,813,803
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 2021-12-31 317,653
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 317,653
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 243,955
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 241,138
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 376,761
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 241,138
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets 2020-12-31 2,960,703
Acturial value of plan assets 2020-12-31 2,960,703
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 0
Number of terminated vested participants 2020-12-31 3
Fundng target for terminated vested participants 2020-12-31 31,441
Active participant vested funding target 2020-12-31 2,236,232
Number of active participants 2020-12-31 24
Total funding liabilities for active participants 2020-12-31 2,236,232
Total participant count 2020-12-31 27
Total funding target for all participants 2020-12-31 2,267,673
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 0
Present value of excess contributions 2020-12-31 350,503
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 350,503
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 0
Total employer contributions 2020-12-31 321,265
Total employee contributions 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 317,653
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 353,349
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 0
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 317,653
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets 2019-12-31 2,231,768
Acturial value of plan assets 2019-12-31 2,231,768
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 1
Fundng target for terminated vested participants 2019-12-31 3,871
Active participant vested funding target 2019-12-31 1,822,191
Number of active participants 2019-12-31 25
Total funding liabilities for active participants 2019-12-31 1,822,191
Total participant count 2019-12-31 26
Total funding target for all participants 2019-12-31 1,826,062
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 0
Present value of excess contributions 2019-12-31 190,975
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 190,975
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 354,728
Total employee contributions 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 350,503
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 347,369
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
Additional cash requirement 2019-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 350,503
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets 2018-12-31 1,513,556
Acturial value of plan assets 2018-12-31 1,513,556
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 1
Fundng target for terminated vested participants 2018-12-31 1,504
Active participant vested funding target 2018-12-31 1,374,737
Number of active participants 2018-12-31 27
Total funding liabilities for active participants 2018-12-31 1,374,737
Total participant count 2018-12-31 28
Total funding target for all participants 2018-12-31 1,376,241
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 340,110
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 340,110
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 392,663
Total employee contributions 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 388,891
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 335,231
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 197,916
Additional cash requirement 2018-12-31 197,916
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 388,891
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets 2017-12-31 1,272,583
Acturial value of plan assets 2017-12-31 1,272,583
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 2
Fundng target for terminated vested participants 2017-12-31 8,438
Active participant vested funding target 2017-12-31 956,098
Number of active participants 2017-12-31 27
Total funding liabilities for active participants 2017-12-31 956,098
Total participant count 2017-12-31 29
Total funding target for all participants 2017-12-31 964,536
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 256,951
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 256,951
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 356,450
Total employee contributions 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 353,346
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 321,283
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 13,236
Additional cash requirement 2017-12-31 13,236
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 353,346
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets 2016-12-31 795,374
Acturial value of plan assets 2016-12-31 795,374
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 2
Fundng target for terminated vested participants 2016-12-31 2,777
Active participant vested funding target 2016-12-31 593,780
Number of active participants 2016-12-31 26
Total funding liabilities for active participants 2016-12-31 593,780
Total participant count 2016-12-31 28
Total funding target for all participants 2016-12-31 596,557
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 138,565
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 138,565
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 357,773
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 354,681
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 296,547
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 97,730
Additional cash requirement 2016-12-31 97,730
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 354,681
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2022: MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets	2022-12-31	3,252,614
Acturial value of plan assets	2022-12-31	3,252,614
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	1
Fundng target for terminated vested participants	2022-12-31	6,978
Active participant vested funding target	2022-12-31	3,329,737
Number of active participants	2022-12-31	27
Total funding liabilities for active participants	2022-12-31	3,329,737
Total participant count	2022-12-31	28
Total funding target for all participants	2022-12-31	3,336,715
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	241,138
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	241,138
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	467,632
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	463,031
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	400,902
Net shortfall amortization installment of oustanding balance	2022-12-31	84,101
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	408,674
Additional cash requirement	2022-12-31	408,674
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	463,031
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets	2021-12-31	3,623,799
Acturial value of plan assets	2021-12-31	3,623,799
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	3
Fundng target for terminated vested participants	2021-12-31	38,978
Active participant vested funding target	2021-12-31	2,774,825
Number of active participants	2021-12-31	25
Total funding liabilities for active participants	2021-12-31	2,774,825
Total participant count	2021-12-31	28
Total funding target for all participants	2021-12-31	2,813,803
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	317,653
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	317,653
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	243,955
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	241,138
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	376,761
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	241,138
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets	2020-12-31	2,960,703
Acturial value of plan assets	2020-12-31	2,960,703
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	3
Fundng target for terminated vested participants	2020-12-31	31,441
Active participant vested funding target	2020-12-31	2,236,232
Number of active participants	2020-12-31	24
Total funding liabilities for active participants	2020-12-31	2,236,232
Total participant count	2020-12-31	27
Total funding target for all participants	2020-12-31	2,267,673
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	350,503
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	350,503
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	321,265
Total employee contributions	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	317,653
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	353,349
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	0
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	317,653
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets	2019-12-31	2,231,768
Acturial value of plan assets	2019-12-31	2,231,768
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	1
Fundng target for terminated vested participants	2019-12-31	3,871
Active participant vested funding target	2019-12-31	1,822,191
Number of active participants	2019-12-31	25
Total funding liabilities for active participants	2019-12-31	1,822,191
Total participant count	2019-12-31	26
Total funding target for all participants	2019-12-31	1,826,062
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	190,975
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	190,975
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	354,728
Total employee contributions	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	350,503
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	347,369
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
Additional cash requirement	2019-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	350,503
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets	2018-12-31	1,513,556
Acturial value of plan assets	2018-12-31	1,513,556
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	1
Fundng target for terminated vested participants	2018-12-31	1,504
Active participant vested funding target	2018-12-31	1,374,737
Number of active participants	2018-12-31	27
Total funding liabilities for active participants	2018-12-31	1,374,737
Total participant count	2018-12-31	28
Total funding target for all participants	2018-12-31	1,376,241
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	340,110
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	340,110
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	392,663
Total employee contributions	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	388,891
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	335,231
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	197,916
Additional cash requirement	2018-12-31	197,916
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	388,891
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets	2017-12-31	1,272,583
Acturial value of plan assets	2017-12-31	1,272,583
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	2
Fundng target for terminated vested participants	2017-12-31	8,438
Active participant vested funding target	2017-12-31	956,098
Number of active participants	2017-12-31	27
Total funding liabilities for active participants	2017-12-31	956,098
Total participant count	2017-12-31	29
Total funding target for all participants	2017-12-31	964,536
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	256,951
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	256,951
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	356,450
Total employee contributions	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	353,346
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	321,283
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	13,236
Additional cash requirement	2017-12-31	13,236
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	353,346
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: MIDWEST INDUSTRIAL COATINGS, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	795,374
Acturial value of plan assets	2016-12-31	795,374
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	2
Fundng target for terminated vested participants	2016-12-31	2,777
Active participant vested funding target	2016-12-31	593,780
Number of active participants	2016-12-31	26
Total funding liabilities for active participants	2016-12-31	593,780
Total participant count	2016-12-31	28
Total funding target for all participants	2016-12-31	596,557
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	138,565
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	138,565
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	357,773
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	354,681
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	296,547
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	97,730
Additional cash requirement	2016-12-31	97,730
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	354,681
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	MIDWEST INDUSTRIAL COATINGS, INC.
Employer identification number (EIN):	411527109
NAIC Classification:	325500