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RETIREMENT PLAN FOR EMPLOYEES OF SOUTHWEST SAW CORPORATION 401k Plan overview

Plan NameRETIREMENT PLAN FOR EMPLOYEES OF SOUTHWEST SAW CORPORATION
Plan identification number 001

RETIREMENT PLAN FOR EMPLOYEES OF SOUTHWEST SAW CORPORATION Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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).
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

SOUTHWEST SAW CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:SOUTHWEST SAW CORPORATION
Employer identification number (EIN):741465605
NAIC Classification:423990
NAIC Description:Other Miscellaneous Durable Goods Merchant Wholesalers

Additional information about SOUTHWEST SAW CORPORATION

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1962-08-02
Company Identification Number: 0018597800
Legal Registered Office Address: PO BOX 262572

HOUSTON
United States of America (USA)
77207

More information about SOUTHWEST SAW CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF SOUTHWEST SAW CORPORATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01RICHARD MAYER2020-10-12
0012018-01-01RICHARD MAYER2019-07-23
0012017-01-01RICHARD MAYER2018-07-05
0012016-01-01RICHARD MAYER2017-07-13
0012015-01-01RICHARD MAYER2016-07-21
0012014-01-01RICHARD MAYER2015-07-29
0012013-01-01RICHARD MAYER2014-07-24
0012012-01-01RICHARD MAYER2013-07-17
0012011-01-01RICHARD MAYER2012-07-24
0012010-01-01RICHARD MAYER2011-06-28

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF SOUTHWEST SAW CORPORATION

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF SOUTHWEST SAW CORPORATION

Measure Date Value
2022: RETIREMENT PLAN FOR EMPLOYEES OF SOUTHWEST SAW CORPORATION 2022 401k membership
Market value of plan assets2022-12-314,346,757
Acturial value of plan assets2022-12-314,346,757
Funding target for retired participants and beneficiaries receiving payment2022-12-311,708,444
Number of terminated vested participants2022-12-314
Fundng target for terminated vested participants2022-12-3137,379
Active participant vested funding target2022-12-31823,249
Number of active participants2022-12-3132
Total funding liabilities for active participants2022-12-31823,249
Total participant count2022-12-3156
Total funding target for all participants2022-12-312,569,072
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31335,780
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31335,780
Present value of excess contributions2022-12-3172,784
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3176,678
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-3176,678
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31445,499
Total employer contributions2022-12-3175,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-3170,736
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-3170,736
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: RETIREMENT PLAN FOR EMPLOYEES OF SOUTHWEST SAW CORPORATION 2021 401k membership
Market value of plan assets2021-12-314,063,746
Acturial value of plan assets2021-12-314,063,746
Funding target for retired participants and beneficiaries receiving payment2021-12-311,855,787
Number of terminated vested participants2021-12-314
Fundng target for terminated vested participants2021-12-3134,488
Active participant vested funding target2021-12-31811,123
Number of active participants2021-12-3132
Total funding liabilities for active participants2021-12-31811,123
Total participant count2021-12-3157
Total funding target for all participants2021-12-312,701,398
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31296,181
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31296,181
Present value of excess contributions2021-12-3172,423
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3176,211
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31335,780
Total employer contributions2021-12-3175,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-3172,784
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-310
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-3172,784
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: RETIREMENT PLAN FOR EMPLOYEES OF SOUTHWEST SAW CORPORATION 2020 401k membership
Market value of plan assets2020-12-313,702,226
Acturial value of plan assets2020-12-313,702,226
Funding target for retired participants and beneficiaries receiving payment2020-12-312,117,247
Number of terminated vested participants2020-12-315
Fundng target for terminated vested participants2020-12-3175,665
Active participant vested funding target2020-12-31910,408
Number of active participants2020-12-3110
Total funding liabilities for active participants2020-12-31910,408
Total participant count2020-12-3138
Total funding target for all participants2020-12-313,103,320
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31189,001
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31189,001
Present value of excess contributions2020-12-3169,298
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3173,012
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3173,012
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31296,184
Total employer contributions2020-12-3175,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-3172,423
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-3172,423
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: RETIREMENT PLAN FOR EMPLOYEES OF SOUTHWEST SAW CORPORATION 2019 401k membership
Market value of plan assets2019-12-313,254,416
Acturial value of plan assets2019-12-313,254,416
Funding target for retired participants and beneficiaries receiving payment2019-12-312,140,925
Number of terminated vested participants2019-12-315
Fundng target for terminated vested participants2019-12-3168,286
Active participant vested funding target2019-12-31873,315
Number of active participants2019-12-3110
Total funding liabilities for active participants2019-12-31873,315
Total participant count2019-12-3140
Total funding target for all participants2019-12-313,082,526
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31116,790
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31116,790
Present value of excess contributions2019-12-3172,638
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3176,684
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-3176,684
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31189,001
Total employer contributions2019-12-3175,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-3172,078
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-3117,111
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-312,780
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-312,780
Contributions allocatedtoward minimum required contributions for current year2019-12-3172,078
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: RETIREMENT PLAN FOR EMPLOYEES OF SOUTHWEST SAW CORPORATION 2018 401k membership
Market value of plan assets2018-12-313,524,499
Acturial value of plan assets2018-12-313,524,499
Funding target for retired participants and beneficiaries receiving payment2018-12-312,258,007
Number of terminated vested participants2018-12-315
Fundng target for terminated vested participants2018-12-3163,755
Active participant vested funding target2018-12-31902,059
Number of active participants2018-12-3111
Total funding liabilities for active participants2018-12-31902,059
Total participant count2018-12-3140
Total funding target for all participants2018-12-313,223,821
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3191,676
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 balance2018-12-310
Amount remaining of prefunding balance2018-12-3191,676
Present value of excess contributions2018-12-3113,241
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3114,002
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3114,002
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31116,789
Total employer contributions2018-12-3175,000
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 date2018-12-3172,638
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 cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-3172,638
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: RETIREMENT PLAN FOR EMPLOYEES OF SOUTHWEST SAW CORPORATION 2017 401k membership
Market value of plan assets2017-12-313,306,146
Acturial value of plan assets2017-12-313,306,146
Funding target for retired participants and beneficiaries receiving payment2017-12-312,418,622
Number of terminated vested participants2017-12-318
Fundng target for terminated vested participants2017-12-31213,409
Active participant vested funding target2017-12-31854,954
Number of active participants2017-12-3111
Total funding liabilities for active participants2017-12-31854,954
Total participant count2017-12-3144
Total funding target for all participants2017-12-313,486,985
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3187,178
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-311,628
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-3185,550
Present value of excess contributions2017-12-310
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 year2017-12-310
Balance of prefunding at beginning of current year2017-12-3191,675
Total employer contributions2017-12-3175,000
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 date2017-12-3171,846
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 balance2017-12-31272,514
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3158,605
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3158,605
Contributions allocatedtoward minimum required contributions for current year2017-12-3171,846
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: RETIREMENT PLAN FOR EMPLOYEES OF SOUTHWEST SAW CORPORATION 2016 401k membership
Market value of plan assets2016-12-313,283,733
Acturial value of plan assets2016-12-313,283,733
Funding target for retired participants and beneficiaries receiving payment2016-12-312,192,418
Number of terminated vested participants2016-12-318
Fundng target for terminated vested participants2016-12-31202,135
Active participant vested funding target2016-12-311,067,773
Number of active participants2016-12-3112
Total funding liabilities for active participants2016-12-311,067,773
Total participant count2016-12-3144
Total funding target for all participants2016-12-313,462,326
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3196,273
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-319,336
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3186,937
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 year2016-12-310
Balance of prefunding at beginning of current year2016-12-3187,180
Total employer contributions2016-12-3175,000
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 date2016-12-3171,668
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 balance2016-12-31265,773
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3173,296
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-311,628
Additional cash requirement2016-12-3171,668
Contributions allocatedtoward minimum required contributions for current year2016-12-3171,668
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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