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EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT 401k Plan overview

Plan NameEXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT
Plan identification number 004

EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

EXELIS INC. has sponsored the creation of one or more 401k plans.

Company Name:EXELIS INC.
Employer identification number (EIN):452083813
NAIC Classification:333200

Additional information about EXELIS INC.

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 2011-09-15
Company Identification Number: F187374
Legal Registered Office Address: 100 SHOCKOE SLIP
2ND FLOOR
RICHMOND
United States of America (USA)
23219

More information about EXELIS INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042014-01-01DAVID WATROUS
0042013-01-01WILLIAM BONK
0042012-01-01CAROLINE M. HUNT
0042011-01-01CAROLINE M. HUNT

Plan Statistics for EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT

401k plan membership statisitcs for EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT

Measure Date Value
2014: EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT 2014 401k membership
Total participants, beginning-of-year2014-01-011,025
Total number of active participants reported on line 7a of the Form 55002014-01-01348
Number of retired or separated participants receiving benefits2014-01-01362
Number of other retired or separated participants entitled to future benefits2014-01-01291
Total of all active and inactive participants2014-01-011,001
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-0121
Total participants2014-01-011,022
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-015
2013: EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT 2013 401k membership
Total participants, beginning-of-year2013-01-011,039
Total number of active participants reported on line 7a of the Form 55002013-01-01386
Number of retired or separated participants receiving benefits2013-01-01324
Number of other retired or separated participants entitled to future benefits2013-01-01294
Total of all active and inactive participants2013-01-011,004
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-0121
Total participants2013-01-011,025
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-014
2012: EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT 2012 401k membership
Total participants, beginning-of-year2012-01-011,054
Total number of active participants reported on line 7a of the Form 55002012-01-01475
Number of retired or separated participants receiving benefits2012-01-01289
Number of other retired or separated participants entitled to future benefits2012-01-01255
Total of all active and inactive participants2012-01-011,019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-0119
Total participants2012-01-011,038
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-015
2011: EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT 2011 401k membership
Total participants, beginning-of-year2011-01-011,121
Total number of active participants reported on line 7a of the Form 55002011-01-01526
Number of retired or separated participants receiving benefits2011-01-01263
Number of other retired or separated participants entitled to future benefits2011-01-01244
Total of all active and inactive participants2011-01-011,033
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-0121
Total participants2011-01-011,054
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0152

Financial Data on EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT

Measure Date Value
2014 : EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$68,187
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$47,398
Total income from all sources (including contributions)2014-12-31$4,611,800
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$2,018,872
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$2,018,872
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,689,000
Value of total assets at end of year2014-12-31$42,639,247
Value of total assets at beginning of year2014-12-31$40,025,530
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$0
Total interest from all sources2014-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$15,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Liabilities. Value of operating payables at end of year2014-12-31$68,187
Liabilities. Value of operating payables at beginning of year2014-12-31$47,398
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$2,592,928
Value of net assets at end of year (total assets less liabilities)2014-12-31$42,571,060
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$39,978,132
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in master investment trust accounts at end of year2014-12-31$41,808,247
Value of interest in master investment trust accounts at beginning of year2014-12-31$39,489,530
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$1,689,000
Employer contributions (assets) at end of year2014-12-31$831,000
Employer contributions (assets) at beginning of year2014-12-31$536,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$2,018,872
Did the plan have assets held for investment2014-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31BUCHBINDER TUNICK & COMPANY LLP
Accountancy firm EIN2014-12-31131578842
2013 : EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$47,398
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$34,039
Total income from all sources (including contributions)2013-12-31$5,867,100
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$1,822,037
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,822,037
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,700,000
Value of total assets at end of year2013-12-31$40,025,530
Value of total assets at beginning of year2013-12-31$35,967,108
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$0
Total interest from all sources2013-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$15,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Liabilities. Value of operating payables at end of year2013-12-31$47,398
Liabilities. Value of operating payables at beginning of year2013-12-31$34,039
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$4,045,063
Value of net assets at end of year (total assets less liabilities)2013-12-31$39,978,132
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$35,933,069
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in master investment trust accounts at end of year2013-12-31$39,489,530
Value of interest in master investment trust accounts at beginning of year2013-12-31$35,324,108
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$1,700,000
Employer contributions (assets) at end of year2013-12-31$536,000
Employer contributions (assets) at beginning of year2013-12-31$643,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,822,037
Did the plan have assets held for investment2013-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2013-12-31133891517
2012 : EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$34,039
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$27,570
Total income from all sources (including contributions)2012-12-31$5,134,902
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$1,571,708
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,571,708
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,800,000
Value of total assets at end of year2012-12-31$35,967,108
Value of total assets at beginning of year2012-12-31$32,397,445
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$0
Total interest from all sources2012-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$15,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Liabilities. Value of operating payables at end of year2012-12-31$34,039
Liabilities. Value of operating payables at beginning of year2012-12-31$27,570
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$3,563,194
Value of net assets at end of year (total assets less liabilities)2012-12-31$35,933,069
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$32,369,875
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in master investment trust accounts at end of year2012-12-31$35,324,108
Value of interest in master investment trust accounts at beginning of year2012-12-31$31,216,445
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$1,800,000
Employer contributions (assets) at end of year2012-12-31$643,000
Employer contributions (assets) at beginning of year2012-12-31$1,181,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,571,708
Did the plan have assets held for investment2012-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2012-12-31133891517
2011 : EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$27,570
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$54,102
Total income from all sources (including contributions)2011-12-31$2,663,242
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,483,616
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,483,616
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$3,325,000
Value of total assets at end of year2011-12-31$32,397,445
Value of total assets at beginning of year2011-12-31$31,244,351
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$0
Total interest from all sources2011-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$15,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Liabilities. Value of operating payables at end of year2011-12-31$27,570
Liabilities. Value of operating payables at beginning of year2011-12-31$54,102
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$1,179,626
Value of net assets at end of year (total assets less liabilities)2011-12-31$32,369,875
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$31,190,249
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in master investment trust accounts at end of year2011-12-31$31,216,445
Value of interest in master investment trust accounts at beginning of year2011-12-31$26,814,351
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$3,325,000
Employer contributions (assets) at end of year2011-12-31$1,181,000
Employer contributions (assets) at beginning of year2011-12-31$4,430,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,483,616
Did the plan have assets held for investment2011-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2011-12-31133891517

Form 5500 Responses for EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT

2014: EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: EXELIS COMMUNICATION SOLUTIONS PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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