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PENSION PLAN FOR EMPLOYEES OF REXEL, INC. 401k Plan overview

Plan NamePENSION PLAN FOR EMPLOYEES OF REXEL, INC.
Plan identification number 004

PENSION PLAN FOR EMPLOYEES OF REXEL, INC. Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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).

401k Sponsoring company profile

REXEL, INC. REXEL BENEFITS DEPARTMENT has sponsored the creation of one or more 401k plans.

Company Name:REXEL, INC. REXEL BENEFITS DEPARTMENT
Employer identification number (EIN):752304244
NAIC Classification:423600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR EMPLOYEES OF REXEL, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042017-01-01JANIE LUNDAY
0042016-01-01JANIE LUNDAY
0042015-01-01JANIE LUNDAY
0042014-01-01JANIE LUNDAY

Plan Statistics for PENSION PLAN FOR EMPLOYEES OF REXEL, INC.

401k plan membership statisitcs for PENSION PLAN FOR EMPLOYEES OF REXEL, INC.

Measure Date Value
2017: PENSION PLAN FOR EMPLOYEES OF REXEL, INC. 2017 401k membership
Total participants, beginning-of-year2017-01-010
Total number of active participants reported on line 7a of the Form 55002017-01-010
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-010
2016: PENSION PLAN FOR EMPLOYEES OF REXEL, INC. 2016 401k membership
Market value of plan assets2016-12-318,557,009
Acturial value of plan assets2016-12-319,042,701
Funding target for retired participants and beneficiaries receiving payment2016-12-311,190,142
Number of terminated vested participants2016-12-31228
Fundng target for terminated vested participants2016-12-315,585,958
Active participant vested funding target2016-12-31423,011
Number of active participants2016-12-3119
Total funding liabilities for active participants2016-12-31423,011
Total participant count2016-12-31271
Total funding target for all participants2016-12-317,199,111
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-312,917,571
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-31266,252
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-312,651,319
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
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-312,652,380
Total employer contributions2016-12-311,875,000
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 date2016-12-311,769,378
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 cost2016-12-31314,314
Net shortfall amortization installment of oustanding balance2016-12-31808,790
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31463,777
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31463,777
Contributions allocatedtoward minimum required contributions for current year2016-12-311,769,378
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-01269
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: PENSION PLAN FOR EMPLOYEES OF REXEL, INC. 2015 401k membership
Total participants, beginning-of-year2015-01-01270
Total number of active participants reported on line 7a of the Form 55002015-01-0119
Number of retired or separated participants receiving benefits2015-01-0119
Number of other retired or separated participants entitled to future benefits2015-01-01222
Total of all active and inactive participants2015-01-01260
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-019
Total participants2015-01-01269
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: PENSION PLAN FOR EMPLOYEES OF REXEL, INC. 2014 401k membership
Total participants, beginning-of-year2014-01-01851
Total number of active participants reported on line 7a of the Form 55002014-01-0122
Number of retired or separated participants receiving benefits2014-01-017
Number of other retired or separated participants entitled to future benefits2014-01-01236
Total of all active and inactive participants2014-01-01265
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-015
Total participants2014-01-01270
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on PENSION PLAN FOR EMPLOYEES OF REXEL, INC.

Measure Date Value
2017 : PENSION PLAN FOR EMPLOYEES OF REXEL, INC. 2017 401k financial data
Total plan liabilities at end of year2017-07-19$0
Total plan liabilities at beginning of year2017-07-19$0
Total income from all sources2017-07-19$13,783
Expenses. Total of all expenses incurred2017-07-19$19,447
Benefits paid (including direct rollovers)2017-07-19$4,492
Total plan assets at end of year2017-07-19$0
Total plan assets at beginning of year2017-07-19$5,664
Value of fidelity bond covering the plan2017-07-19$5,000,000
Other income received2017-07-19$5
Net income (gross income less expenses)2017-07-19$-5,664
Net plan assets at end of year (total assets less liabilities)2017-07-19$0
Net plan assets at beginning of year (total assets less liabilities)2017-07-19$5,664
Total contributions received or receivable from employer(s)2017-07-19$13,778
Expenses. Administrative service providers (salaries,fees and commissions)2017-07-19$14,955
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-07-19$0
2016 : PENSION PLAN FOR EMPLOYEES OF REXEL, INC. 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$9,290
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$1,904,693
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$10,465,328
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$10,285,604
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,875,000
Value of total assets at end of year2016-12-31$5,664
Value of total assets at beginning of year2016-12-31$8,557,009
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$179,724
Total interest from all sources2016-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-12-31$0
Administrative expenses professional fees incurred2016-12-31$79,395
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$5,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2016-12-31$5,833,333
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$2,390
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$1,162
Administrative expenses (other) incurred2016-12-31$93,947
Liabilities. Value of operating payables at end of year2016-12-31$0
Liabilities. Value of operating payables at beginning of year2016-12-31$0
Total non interest bearing cash at end of year2016-12-31$0
Total non interest bearing cash at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-8,560,635
Value of net assets at end of year (total assets less liabilities)2016-12-31$5,664
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$8,557,009
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$6,382
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$0
Value of interest in common/collective trusts at end of year2016-12-31$3,274
Value of interest in common/collective trusts at beginning of year2016-12-31$8,555,847
Net investment gain or loss from common/collective trusts2016-12-31$29,693
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$1,875,000
Employer contributions (assets) at end of year2016-12-31$0
Employer contributions (assets) at beginning of year2016-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$4,452,271
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31MONTGOMERY, COSCIA & GREILICH, LLP
Accountancy firm EIN2016-12-31752919818
2015 : PENSION PLAN FOR EMPLOYEES OF REXEL, INC. 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$3,860
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$395,166
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$80,852
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$0
Value of total assets at end of year2015-12-31$8,557,009
Value of total assets at beginning of year2015-12-31$8,948,315
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$314,314
Total interest from all sources2015-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Administrative expenses professional fees incurred2015-12-31$314,314
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$5,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2015-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$1,162
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$15
Liabilities. Value of operating payables at end of year2015-12-31$0
Liabilities. Value of operating payables at beginning of year2015-12-31$0
Total non interest bearing cash at end of year2015-12-31$0
Total non interest bearing cash at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-391,306
Value of net assets at end of year (total assets less liabilities)2015-12-31$8,557,009
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$8,948,315
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$0
Value of interest in common/collective trusts at end of year2015-12-31$8,555,847
Value of interest in common/collective trusts at beginning of year2015-12-31$8,948,300
Expenses. Payments to insurance carriers foe the provision of benefits2015-12-31$0
Net investment gain or loss from common/collective trusts2015-12-31$3,860
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$0
Employer contributions (assets) at end of year2015-12-31$0
Employer contributions (assets) at beginning of year2015-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$80,852
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31MONTGOMERY, COSCIA & GREILICH, LLP
Accountancy firm EIN2015-12-31752919818
2014 : PENSION PLAN FOR EMPLOYEES OF REXEL, INC. 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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$248,897
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$19,566,707
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$19,435,692
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$0
Value of total assets at end of year2014-12-31$8,948,315
Value of total assets at beginning of year2014-12-31$28,266,125
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$131,015
Total interest from all sources2014-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$127,672
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$127,672
Administrative expenses professional fees incurred2014-12-31$131,015
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$5,000,000
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
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2014-12-31$12,798,849
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$15
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$7,639
Liabilities. Value of operating payables at end of year2014-12-31$0
Liabilities. Value of operating payables at beginning of year2014-12-31$0
Total non interest bearing cash at end of year2014-12-31$0
Total non interest bearing cash at beginning of year2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-19,317,810
Value of net assets at end of year (total assets less liabilities)2014-12-31$8,948,315
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$28,266,125
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 registered invesment companies (eg mutual funds) at end of year2014-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$25,562,453
Value of interest in common/collective trusts at end of year2014-12-31$8,948,300
Value of interest in common/collective trusts at beginning of year2014-12-31$1,496,033
Expenses. Payments to insurance carriers foe the provision of benefits2014-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$120,079
Net investment gain or loss from common/collective trusts2014-12-31$1,146
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
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$0
Employer contributions (assets) at end of year2014-12-31$0
Employer contributions (assets) at beginning of year2014-12-31$1,200,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$6,636,843
Did the plan have assets held for investment2014-12-31Yes
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)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31MONTGOMERY, COSCIA & GREILICH, LLP
Accountancy firm EIN2014-12-31752919818

Form 5500 Responses for PENSION PLAN FOR EMPLOYEES OF REXEL, INC.

2017: PENSION PLAN FOR EMPLOYEES OF REXEL, INC. 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingYes
2017-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PENSION PLAN FOR EMPLOYEES OF REXEL, INC. 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PENSION PLAN FOR EMPLOYEES OF REXEL, INC. 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PENSION PLAN FOR EMPLOYEES OF REXEL, INC. 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedYes
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 planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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