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WEST TEXAS STEEL & SUPPLY INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameWEST TEXAS STEEL & SUPPLY INC. PROFIT SHARING PLAN
Plan identification number 005

WEST TEXAS STEEL & SUPPLY INC. PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.

401k Sponsoring company profile

WEST TEXAS STEEL & SUPPLY INC. has sponsored the creation of one or more 401k plans.

Company Name:WEST TEXAS STEEL & SUPPLY INC.
Employer identification number (EIN):752359903
NAIC Classification:424990
NAIC Description:Other Miscellaneous Nondurable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WEST TEXAS STEEL & SUPPLY INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052008-10-01PAUL ENGLISH

Plan Statistics for WEST TEXAS STEEL & SUPPLY INC. PROFIT SHARING PLAN

401k plan membership statisitcs for WEST TEXAS STEEL & SUPPLY INC. PROFIT SHARING PLAN

Measure Date Value
2008: WEST TEXAS STEEL & SUPPLY INC. PROFIT SHARING PLAN 2008 401k membership
Total participants, beginning-of-year2008-10-0119
Total number of active participants reported on line 7a of the Form 55002008-10-0117
Number of retired or separated participants receiving benefits2008-10-010
Number of other retired or separated participants entitled to future benefits2008-10-012
Total of all active and inactive participants2008-10-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-10-011
Total participants2008-10-0120
Number of participants with account balances2008-10-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-10-010

Form 5500 Responses for WEST TEXAS STEEL & SUPPLY INC. PROFIT SHARING PLAN

2008: WEST TEXAS STEEL & SUPPLY INC. PROFIT SHARING PLAN 2008 form 5500 responses
2008-10-01Type of plan entitySingle employer plan
2008-10-01Submission has been amendedYes
2008-10-01This submission is the final filingNo
2008-10-01This return/report is a short plan year return/report (less than 12 months)No
2008-10-01Plan is a collectively bargained planNo
2008-10-01Plan funding arrangement – TrustYes
2008-10-01Plan benefit arrangement - TrustYes

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