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THE METRO MACHINE CORP. EMPLOYEES STOCK RETIREMENT PLAN 401k Plan overview

Plan NameTHE METRO MACHINE CORP. EMPLOYEES STOCK RETIREMENT PLAN
Plan identification number 002

THE METRO MACHINE CORP. EMPLOYEES STOCK RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Money purchase (other than target benefit)
  • Offset plan - Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

METRO MACHINE CORP. has sponsored the creation of one or more 401k plans.

Company Name:METRO MACHINE CORP.
Employer identification number (EIN):541147000
NAIC Classification:336610

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE METRO MACHINE CORP. EMPLOYEES STOCK RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022010-08-30CARLETON BRYANT, III
0022009-08-31NENITA E. MORENO
0022009-08-31NENITA E. MORENO

Plan Statistics for THE METRO MACHINE CORP. EMPLOYEES STOCK RETIREMENT PLAN

401k plan membership statisitcs for THE METRO MACHINE CORP. EMPLOYEES STOCK RETIREMENT PLAN

Measure Date Value
2010: THE METRO MACHINE CORP. EMPLOYEES STOCK RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year2010-08-30789
Total number of active participants reported on line 7a of the Form 55002010-08-30458
Number of retired or separated participants receiving benefits2010-08-30140
Number of other retired or separated participants entitled to future benefits2010-08-30231
Total of all active and inactive participants2010-08-30829
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-08-307
Total participants2010-08-30836
Number of participants with account balances2010-08-30836
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-08-3019
2009: THE METRO MACHINE CORP. EMPLOYEES STOCK RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-08-31789
Total number of active participants reported on line 7a of the Form 55002009-08-31400
Number of retired or separated participants receiving benefits2009-08-31126
Number of other retired or separated participants entitled to future benefits2009-08-31254
Total of all active and inactive participants2009-08-31780
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-08-319
Total participants2009-08-31789
Number of participants with account balances2009-08-31789
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-08-3111

Financial Data on THE METRO MACHINE CORP. EMPLOYEES STOCK RETIREMENT PLAN

Measure Date Value
2011 : THE METRO MACHINE CORP. EMPLOYEES STOCK RETIREMENT PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-08-28$56,829,060
Total unrealized appreciation/depreciation of assets2011-08-28$56,829,060
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-08-28$2,426,064
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-08-28$3,036,500
Total income from all sources (including contributions)2011-08-28$64,854,747
Total loss/gain on sale of assets2011-08-28$0
Total of all expenses incurred2011-08-28$4,677,297
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-08-28$4,676,197
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-08-28$7,192,352
Value of total assets at end of year2011-08-28$161,971,992
Value of total assets at beginning of year2011-08-28$102,404,978
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-08-28$1,100
Total interest from all sources2011-08-28$197,481
Total dividends received (eg from common stock, registered investment company shares)2011-08-28$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-08-28No
Was this plan covered by a fidelity bond2011-08-28Yes
Value of fidelity bond cover2011-08-28$750,000
If this is an individual account plan, was there a blackout period2011-08-28No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-08-28$0
Funding deficiency by the employer to the plan for this plan year2011-08-28$-4,639,141
Minimum employer required contribution for this plan year2011-08-28$2,553,211
Amount contributed by the employer to the plan for this plan year2011-08-28$7,192,352
Were there any nonexempt tranactions with any party-in-interest2011-08-28No
Assets. Other investments not covered elsewhere at end of year2011-08-28$0
Assets. Other investments not covered elsewhere at beginning of year2011-08-28$0
Liabilities. Value of operating payables at end of year2011-08-28$0
Liabilities. Value of operating payables at beginning of year2011-08-28$11,615
Total non interest bearing cash at end of year2011-08-28$20
Total non interest bearing cash at beginning of year2011-08-28$20
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-08-28No
Value of net income/loss2011-08-28$60,177,450
Value of net assets at end of year (total assets less liabilities)2011-08-28$159,545,928
Value of net assets at beginning of year (total assets less liabilities)2011-08-28$99,368,478
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-08-28No
Were any loans by the plan or fixed income obligations due to the plan in default2011-08-28No
Were any leases to which the plan was party in default or uncollectible2011-08-28No
Investment advisory and management fees2011-08-28$1,100
Value of interest in pooled separate accounts at end of year2011-08-28$5,664,381
Value of interest in pooled separate accounts at beginning of year2011-08-28$4,517,818
Interest earned on other investments2011-08-28$197,481
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-08-28$4,770,149
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-08-28$4,517,379
Net investment gain/loss from pooled separate accounts2011-08-28$635,854
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-08-28No
Was there a failure to transmit to the plan any participant contributions2011-08-28No
Has the plan failed to provide any benefit when due under the plan2011-08-28No
Assets. Invements in employer securities at end of year2011-08-28$149,600,000
Assets. Invements in employer securities at beginning of year2011-08-28$92,770,940
Contributions received in cash from employer2011-08-28$7,192,352
Employer contributions (assets) at end of year2011-08-28$1,937,442
Employer contributions (assets) at beginning of year2011-08-28$598,821
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-08-28$4,676,197
Did the plan have assets held for investment2011-08-28Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-08-28No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-08-28No
Liabilities. Value of acquisition indebtedness at end of year2011-08-28$2,426,064
Liabilities. Value of acquisition indebtedness at beginning of year2011-08-28$3,024,885
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-08-28No
Opinion of an independent qualified public accountant for this plan2011-08-28Unqualified
Accountancy firm name2011-08-28MCPHILLIPS, ROBERTS & DEANS, PLC
Accountancy firm EIN2011-08-28541921942
2010 : THE METRO MACHINE CORP. EMPLOYEES STOCK RETIREMENT PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-08-29$0
Funding deficiency by the employer to the plan for this plan year2010-08-29$-3,750,005
Minimum employer required contribution for this plan year2010-08-29$2,150,464
Amount contributed by the employer to the plan for this plan year2010-08-29$5,900,469

Form 5500 Responses for THE METRO MACHINE CORP. EMPLOYEES STOCK RETIREMENT PLAN

2010: THE METRO MACHINE CORP. EMPLOYEES STOCK RETIREMENT PLAN 2010 form 5500 responses
2010-08-30Type of plan entitySingle employer plan
2010-08-30Submission has been amendedNo
2010-08-30This submission is the final filingNo
2010-08-30This return/report is a short plan year return/report (less than 12 months)Yes
2010-08-30Plan is a collectively bargained planNo
2010-08-30Plan funding arrangement – InsuranceYes
2010-08-30Plan funding arrangement – TrustYes
2010-08-30Plan benefit arrangement – InsuranceYes
2010-08-30Plan benefit arrangement - TrustYes
2009: THE METRO MACHINE CORP. EMPLOYEES STOCK RETIREMENT PLAN 2009 form 5500 responses
2009-08-31Type of plan entitySingle employer plan
2009-08-31Submission has been amendedYes
2009-08-31This submission is the final filingNo
2009-08-31This return/report is a short plan year return/report (less than 12 months)Yes
2009-08-31Plan is a collectively bargained planNo
2009-08-31Plan funding arrangement – InsuranceYes
2009-08-31Plan funding arrangement – TrustYes
2009-08-31Plan benefit arrangement – InsuranceYes
2009-08-31Plan benefit arrangement - TrustYes

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