401k Plan data: RETIREMENT PLAN FOR THE EMPLOYEES OF AVOCET TUNGSTEN, INC. plan

RETIREMENT PLAN FOR THE EMPLOYEES OF AVOCET TUNGSTEN, INC. 401k Plan overview

Plan Name	RETIREMENT PLAN FOR THE EMPLOYEES OF AVOCET TUNGSTEN, INC.
Plan identification number	001

RETIREMENT PLAN FOR THE EMPLOYEES OF AVOCET TUNGSTEN, INC. Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

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

AVOCET TUNGSTEN, INC. has sponsored the creation of one or more 401k plans.

Company Name: AVOCET TUNGSTEN, INC.

Employer identification number (EIN): 770403546

NAIC Classification: 212200
NAIC Description: Metal Ore Mining

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR THE EMPLOYEES OF AVOCET TUNGSTEN, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2018-01-01 YOLANDA BOLLEURS 2019-07-12 YOLANDA BOLLEURS 2019-07-12
001 2017-01-01 YOLANDA BOLLEURS 2019-06-27 YOLANDA BOLLEURS 2019-06-27
001 2016-01-01 JONATHAN SHALOM 2017-03-27
001 2015-01-01 JIM WYNN 2016-02-26 JIM WYNN 2016-02-26
001 2014-01-01 JIM WYNN 2015-07-27 JIM WYNN 2015-07-27
001 2013-01-01 DENISE MATIKA 2014-07-11 DENISE MATIKA 2014-07-11
001 2012-01-01 SULEIMAN LAWAL 2013-06-04
001 2011-01-01 HELEN POWELL 2012-10-05
001 2010-01-01 HELEN POWELL 2011-06-29

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2018-01-01	YOLANDA BOLLEURS	2019-07-12	YOLANDA BOLLEURS	2019-07-12
001	2017-01-01	YOLANDA BOLLEURS	2019-06-27	YOLANDA BOLLEURS	2019-06-27
001	2016-01-01	JONATHAN SHALOM	2017-03-27
001	2015-01-01	JIM WYNN	2016-02-26	JIM WYNN	2016-02-26
001	2014-01-01	JIM WYNN	2015-07-27	JIM WYNN	2015-07-27
001	2013-01-01	DENISE MATIKA	2014-07-11	DENISE MATIKA	2014-07-11
001	2012-01-01	SULEIMAN LAWAL	2013-06-04
001	2011-01-01	HELEN POWELL	2012-10-05
001	2010-01-01	HELEN POWELL	2011-06-29

Plan Statistics for RETIREMENT PLAN FOR THE EMPLOYEES OF AVOCET TUNGSTEN, INC.

401k plan membership statisitcs for RETIREMENT PLAN FOR THE EMPLOYEES OF AVOCET TUNGSTEN, INC.

Measure Date Value
2018: RETIREMENT PLAN FOR THE EMPLOYEES OF AVOCET TUNGSTEN, INC. 2018 401k membership
Market value of plan assets 2018-12-31 286,522
Acturial value of plan assets 2018-12-31 286,522
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 381,643
Number of terminated vested participants 2018-12-31 0
Fundng target for terminated vested participants 2018-12-31 0
Active participant vested funding target 2018-12-31 0
Number of active participants 2018-12-31 0
Total funding liabilities for active participants 2018-12-31 0
Total participant count 2018-12-31 12
Total funding target for all participants 2018-12-31 381,643
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 5,505
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 5,813
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 40,000
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 36,066
Liquidity shortfalls end of Q1 2018-12-31 0
Liquidity shortfalls end of Q2 2018-12-31 0
Liquidity shortfalls end of Q3 2018-12-31 0
Liquidity shortfalls end of Q4 2018-12-31 0
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 7,500
Net shortfall amortization installment of oustanding balance 2018-12-31 95,121
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 28,633
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 28,633
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 36,066
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: RETIREMENT PLAN FOR THE EMPLOYEES OF AVOCET TUNGSTEN, INC. 2017 401k membership
Market value of plan assets 2017-12-31 299,494
Acturial value of plan assets 2017-12-31 299,494
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 370,114
Number of terminated vested participants 2017-12-31 0
Fundng target for terminated vested participants 2017-12-31 0
Active participant vested funding target 2017-12-31 0
Number of active participants 2017-12-31 0
Total funding liabilities for active participants 2017-12-31 0
Total participant count 2017-12-31 12
Total funding target for all participants 2017-12-31 370,114
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 2,103
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 2,225
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 40,000
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 32,800
Liquidity shortfalls end of Q1 2017-12-31 0
Liquidity shortfalls end of Q2 2017-12-31 0
Liquidity shortfalls end of Q3 2017-12-31 0
Liquidity shortfalls end of Q4 2017-12-31 0
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 7,500
Net shortfall amortization installment of oustanding balance 2017-12-31 70,620
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 27,295
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 0
Additional cash requirement 2017-12-31 27,295
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 32,800
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: RETIREMENT PLAN FOR THE EMPLOYEES OF AVOCET TUNGSTEN, INC. 2016 401k membership
Market value of plan assets 2016-12-31 313,643
Acturial value of plan assets 2016-12-31 313,643
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 375,605
Number of terminated vested participants 2016-12-31 0
Fundng target for terminated vested participants 2016-12-31 0
Active participant vested funding target 2016-12-31 0
Number of active participants 2016-12-31 0
Total funding liabilities for active participants 2016-12-31 0
Total participant count 2016-12-31 12
Total funding target for all participants 2016-12-31 375,605
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 190
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 201
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 28,000
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 26,587
Liquidity shortfalls end of Q1 2016-12-31 0
Liquidity shortfalls end of Q2 2016-12-31 0
Liquidity shortfalls end of Q3 2016-12-31 0
Liquidity shortfalls end of Q4 2016-12-31 0
Unpaid minimum required contributions for all prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 7,500
Net shortfall amortization installment of oustanding balance 2016-12-31 61,962
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 24,484
Additional cash requirement 2016-12-31 24,484
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 26,587
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2018: RETIREMENT PLAN FOR THE EMPLOYEES OF AVOCET TUNGSTEN, INC. 2018 401k membership
Market value of plan assets	2018-12-31	286,522
Acturial value of plan assets	2018-12-31	286,522
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	381,643
Number of terminated vested participants	2018-12-31	0
Fundng target for terminated vested participants	2018-12-31	0
Active participant vested funding target	2018-12-31	0
Number of active participants	2018-12-31	0
Total funding liabilities for active participants	2018-12-31	0
Total participant count	2018-12-31	12
Total funding target for all participants	2018-12-31	381,643
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	5,505
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	5,813
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	40,000
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	36,066
Liquidity shortfalls end of Q1	2018-12-31	0
Liquidity shortfalls end of Q2	2018-12-31	0
Liquidity shortfalls end of Q3	2018-12-31	0
Liquidity shortfalls end of Q4	2018-12-31	0
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	7,500
Net shortfall amortization installment of oustanding balance	2018-12-31	95,121
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	28,633
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	28,633
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	36,066
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: RETIREMENT PLAN FOR THE EMPLOYEES OF AVOCET TUNGSTEN, INC. 2017 401k membership
Market value of plan assets	2017-12-31	299,494
Acturial value of plan assets	2017-12-31	299,494
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	370,114
Number of terminated vested participants	2017-12-31	0
Fundng target for terminated vested participants	2017-12-31	0
Active participant vested funding target	2017-12-31	0
Number of active participants	2017-12-31	0
Total funding liabilities for active participants	2017-12-31	0
Total participant count	2017-12-31	12
Total funding target for all participants	2017-12-31	370,114
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	2,103
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	2,225
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	40,000
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	32,800
Liquidity shortfalls end of Q1	2017-12-31	0
Liquidity shortfalls end of Q2	2017-12-31	0
Liquidity shortfalls end of Q3	2017-12-31	0
Liquidity shortfalls end of Q4	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	7,500
Net shortfall amortization installment of oustanding balance	2017-12-31	70,620
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	27,295
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	0
Additional cash requirement	2017-12-31	27,295
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	32,800
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: RETIREMENT PLAN FOR THE EMPLOYEES OF AVOCET TUNGSTEN, INC. 2016 401k membership
Market value of plan assets	2016-12-31	313,643
Acturial value of plan assets	2016-12-31	313,643
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	375,605
Number of terminated vested participants	2016-12-31	0
Fundng target for terminated vested participants	2016-12-31	0
Active participant vested funding target	2016-12-31	0
Number of active participants	2016-12-31	0
Total funding liabilities for active participants	2016-12-31	0
Total participant count	2016-12-31	12
Total funding target for all participants	2016-12-31	375,605
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	190
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	201
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	28,000
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	26,587
Liquidity shortfalls end of Q1	2016-12-31	0
Liquidity shortfalls end of Q2	2016-12-31	0
Liquidity shortfalls end of Q3	2016-12-31	0
Liquidity shortfalls end of Q4	2016-12-31	0
Unpaid minimum required contributions for all prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	7,500
Net shortfall amortization installment of oustanding balance	2016-12-31	61,962
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	24,484
Additional cash requirement	2016-12-31	24,484
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	26,587
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	AVOCET TUNGSTEN, INC.
Employer identification number (EIN):	770403546
NAIC Classification:	212200
NAIC Description:	Metal Ore Mining