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Plan Name | RETIREMENT PLAN FOR UNION EMPLOYEES OF SMITHCO |
Plan identification number | 222 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
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Company Name: | HUDSON PRODUCTS CORPORATION |
Employer identification number (EIN): | 741586257 |
NAIC Classification: | 332900 |
Additional information about HUDSON PRODUCTS CORPORATION
Jurisdiction of Incorporation: | Texas Secretary of State |
Incorporation Date: | 1967-07-31 |
Company Identification Number: | 0023750800 |
Legal Registered Office Address: |
2200 AIRPORT INDUSTRIAL DR STE 100 BALL GROUND United States of America (USA) 30107 |
More information about HUDSON PRODUCTS CORPORATION
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
222 | 2016-03-01 | VENESSA VAUGHT | VENESSA VAUGHT | 2017-12-15 |
Measure | Date | Value |
---|---|---|
2017: RETIREMENT PLAN FOR UNION EMPLOYEES OF SMITHCO 2017 401k membership | ||
Market value of plan assets | 2017-02-28 | 1,346,339 |
Acturial value of plan assets | 2017-02-28 | 1,346,339 |
Funding target for retired participants and beneficiaries receiving payment | 2017-02-28 | 352,637 |
Number of terminated vested participants | 2017-02-28 | 57 |
Fundng target for terminated vested participants | 2017-02-28 | 407,104 |
Active participant vested funding target | 2017-02-28 | 889,589 |
Number of active participants | 2017-02-28 | 53 |
Total funding liabilities for active participants | 2017-02-28 | 917,612 |
Total participant count | 2017-02-28 | 119 |
Total funding target for all participants | 2017-02-28 | 1,677,353 |
Balance at beginning of prior year after applicable adjustments | 2017-02-28 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2017-02-28 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2017-02-28 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2017-02-28 | 0 |
Amount remaining of carryover balance | 2017-02-28 | 0 |
Amount remaining of prefunding balance | 2017-02-28 | 0 |
Present value of excess contributions | 2017-02-28 | 14,373 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-02-28 | 15,297 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2017-02-28 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2017-02-28 | 0 |
Balance of carryovers at beginning of current year | 2017-02-28 | 0 |
Balance of prefunding at beginning of current year | 2017-02-28 | 0 |
Total employer contributions | 2017-02-28 | 148,317 |
Total employee contributions | 2017-02-28 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2017-02-28 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2017-02-28 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2017-02-28 | 140,760 |
Liquidity shortfalls end of Q1 | 2017-02-28 | 0 |
Liquidity shortfalls end of Q2 | 2017-02-28 | 0 |
Liquidity shortfalls end of Q3 | 2017-02-28 | 0 |
Liquidity shortfalls end of Q4 | 2017-02-28 | 0 |
Unpaid minimum required contributions for all prior years | 2017-02-28 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2017-02-28 | 0 |
Remaining amount of unpaid minimum required contributions | 2017-02-28 | 0 |
Minimum required contributions for current year target normal cost | 2017-02-28 | 74,607 |
Net shortfall amortization installment of oustanding balance | 2017-02-28 | 331,014 |
Waiver amortization installment | 2017-02-28 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2017-02-28 | 137,957 |
Carryover balance elected to use to offset funding requirement | 2017-02-28 | 0 |
Prefunding balance elected to use to offset funding requirement | 2017-02-28 | 0 |
Additional cash requirement | 2017-02-28 | 137,957 |
Contributions allocatedtoward minimum required contributions for current year | 2017-02-28 | 140,760 |
Unpaid minimum required contributions for current year | 2017-02-28 | 0 |
Unpaid minimum required contributions for all years | 2017-02-28 | 0 |
2016: RETIREMENT PLAN FOR UNION EMPLOYEES OF SMITHCO 2016 401k membership | ||
Total participants, beginning-of-year | 2016-03-01 | 119 |
Total number of active participants reported on line 7a of the Form 5500 | 2016-03-01 | 36 |
Number of retired or separated participants receiving benefits | 2016-03-01 | 11 |
Number of other retired or separated participants entitled to future benefits | 2016-03-01 | 58 |
Total of all active and inactive participants | 2016-03-01 | 105 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2016-03-01 | 3 |
Total participants | 2016-03-01 | 108 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2016-03-01 | 12 |
Measure | Date | Value |
---|---|---|
2017 : RETIREMENT PLAN FOR UNION EMPLOYEES OF SMITHCO 2017 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2017-02-28 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-02-28 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-02-28 | $0 |
Total income from all sources (including contributions) | 2017-02-28 | $300,205 |
Total loss/gain on sale of assets | 2017-02-28 | $0 |
Total of all expenses incurred | 2017-02-28 | $39,821 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-02-28 | $33,962 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-02-28 | $148,317 |
Value of total assets at end of year | 2017-02-28 | $1,607,091 |
Value of total assets at beginning of year | 2017-02-28 | $1,346,707 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-02-28 | $5,859 |
Total interest from all sources | 2017-02-28 | $45 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-02-28 | $29,051 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-02-28 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2017-02-28 | $29,051 |
Was this plan covered by a fidelity bond | 2017-02-28 | Yes |
Value of fidelity bond cover | 2017-02-28 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2017-02-28 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-02-28 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2017-02-28 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2017-02-28 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2017-02-28 | $11 |
Other income not declared elsewhere | 2017-02-28 | $577 |
Administrative expenses (other) incurred | 2017-02-28 | $577 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-02-28 | No |
Value of net income/loss | 2017-02-28 | $260,384 |
Value of net assets at end of year (total assets less liabilities) | 2017-02-28 | $1,607,091 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-02-28 | $1,346,707 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-02-28 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-02-28 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-02-28 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-02-28 | $1,531,911 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-02-28 | $1,262,345 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2017-02-28 | $2,962 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2017-02-28 | $39,351 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2017-02-28 | $39,351 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2017-02-28 | $45 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-02-28 | $122,215 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-02-28 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2017-02-28 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-02-28 | No |
Contributions received in cash from employer | 2017-02-28 | $148,317 |
Employer contributions (assets) at end of year | 2017-02-28 | $72,218 |
Employer contributions (assets) at beginning of year | 2017-02-28 | $45,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-02-28 | $33,962 |
Contract administrator fees | 2017-02-28 | $5,282 |
Did the plan have assets held for investment | 2017-02-28 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-02-28 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-02-28 | No |
Aggregate proceeds on sale of assets | 2017-02-28 | $254,408 |
Aggregate carrying amount (costs) on sale of assets | 2017-02-28 | $254,408 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-02-28 | Yes |
Opinion of an independent qualified public accountant for this plan | 2017-02-28 | Disclaimer |
Accountancy firm name | 2017-02-28 | BKD, LLP |
Accountancy firm EIN | 2017-02-28 | 440160260 |
2016: RETIREMENT PLAN FOR UNION EMPLOYEES OF SMITHCO 2016 form 5500 responses | ||
---|---|---|
2016-03-01 | Type of plan entity | Single employer plan |
2016-03-01 | Submission has been amended | No |
2016-03-01 | This submission is the final filing | No |
2016-03-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2016-03-01 | Plan is a collectively bargained plan | No |
2016-03-01 | Plan funding arrangement – Trust | Yes |
2016-03-01 | Plan benefit arrangement - Trust | Yes |