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RIMTEC CORPORATION RETIREMENT PLAN FOR HOURLY EMPLOYEES 401k Plan overview

Plan NameRIMTEC CORPORATION RETIREMENT PLAN FOR HOURLY EMPLOYEES
Plan identification number 001

RIMTEC CORPORATION RETIREMENT PLAN FOR HOURLY EMPLOYEES Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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

RIMTEC MANUFACTURING CORPORATION D/B/A RIMTEC CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:RIMTEC MANUFACTURING CORPORATION D/B/A RIMTEC CORPORATION
Employer identification number (EIN):820836916
NAIC Classification:325200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RIMTEC CORPORATION RETIREMENT PLAN FOR HOURLY EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01STEVE OTA2023-10-13
0012021-01-01STEVE OTA2022-10-17
0012020-01-01STEVE OTA2021-06-28
0012019-01-01STEVE OTA2020-07-02
0012018-01-01STEVE OTA2019-05-24
0012017-01-01STEVE OTA2018-05-15

Plan Statistics for RIMTEC CORPORATION RETIREMENT PLAN FOR HOURLY EMPLOYEES

401k plan membership statisitcs for RIMTEC CORPORATION RETIREMENT PLAN FOR HOURLY EMPLOYEES

Measure Date Value
2022: RIMTEC CORPORATION RETIREMENT PLAN FOR HOURLY EMPLOYEES 2022 401k membership
Market value of plan assets2022-12-311,352,419
Acturial value of plan assets2022-12-311,352,419
Funding target for retired participants and beneficiaries receiving payment2022-12-31507,101
Number of terminated vested participants2022-12-3116
Fundng target for terminated vested participants2022-12-31261,338
Active participant vested funding target2022-12-31199,380
Number of active participants2022-12-3113
Total funding liabilities for active participants2022-12-31199,380
Total participant count2022-12-3148
Total funding target for all participants2022-12-31967,819
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3189,469
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 balance2022-12-3189,469
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
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 year2022-12-3198,792
Total employer contributions2022-12-310
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 date2022-12-310
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 year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: RIMTEC CORPORATION RETIREMENT PLAN FOR HOURLY EMPLOYEES 2021 401k membership
Market value of plan assets2021-12-311,278,379
Acturial value of plan assets2021-12-311,278,379
Funding target for retired participants and beneficiaries receiving payment2021-12-31576,907
Number of terminated vested participants2021-12-3116
Fundng target for terminated vested participants2021-12-31258,340
Active participant vested funding target2021-12-31198,402
Number of active participants2021-12-3113
Total funding liabilities for active participants2021-12-31198,402
Total participant count2021-12-3149
Total funding target for all participants2021-12-311,033,649
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3123,294
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 balance2021-12-3123,294
Present value of excess contributions2021-12-3156,742
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3159,778
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-3159,778
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 year2021-12-3189,469
Total employer contributions2021-12-310
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 date2021-12-310
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 year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: RIMTEC CORPORATION RETIREMENT PLAN FOR HOURLY EMPLOYEES 2020 401k membership
Market value of plan assets2020-12-311,004,146
Acturial value of plan assets2020-12-311,004,146
Funding target for retired participants and beneficiaries receiving payment2020-12-31534,626
Number of terminated vested participants2020-12-3116
Fundng target for terminated vested participants2020-12-31228,980
Active participant vested funding target2020-12-31216,394
Number of active participants2020-12-3114
Total funding liabilities for active participants2020-12-31216,394
Total participant count2020-12-3149
Total funding target for all participants2020-12-31980,000
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3124,281
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-315,303
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-3118,978
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
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 year2020-12-3123,294
Total employer contributions2020-12-3160,000
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 date2020-12-3156,742
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
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
Waiver amortization installment2020-12-310
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 year2020-12-3156,742
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: RIMTEC CORPORATION RETIREMENT PLAN FOR HOURLY EMPLOYEES 2019 401k membership
Market value of plan assets2019-12-31842,837
Acturial value of plan assets2019-12-31842,837
Funding target for retired participants and beneficiaries receiving payment2019-12-31554,969
Number of terminated vested participants2019-12-3115
Fundng target for terminated vested participants2019-12-31201,984
Active participant vested funding target2019-12-31207,252
Number of active participants2019-12-3115
Total funding liabilities for active participants2019-12-31207,252
Total participant count2019-12-3150
Total funding target for all participants2019-12-31964,205
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3112,754
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 balance2019-12-3112,754
Present value of excess contributions2019-12-3111,437
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3112,089
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-3112,089
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 year2019-12-3124,281
Total employer contributions2019-12-3130,000
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 date2019-12-3128,056
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
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 balance2019-12-31145,649
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3133,359
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-315,303
Additional cash requirement2019-12-3128,056
Contributions allocatedtoward minimum required contributions for current year2019-12-3128,056
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: RIMTEC CORPORATION RETIREMENT PLAN FOR HOURLY EMPLOYEES 2018 401k membership
Market value of plan assets2018-12-31907,438
Acturial value of plan assets2018-12-31907,438
Funding target for retired participants and beneficiaries receiving payment2018-12-31577,375
Number of terminated vested participants2018-12-3114
Fundng target for terminated vested participants2018-12-31172,349
Active participant vested funding target2018-12-31215,232
Number of active participants2018-12-3116
Total funding liabilities for active participants2018-12-31215,232
Total participant count2018-12-3150
Total funding target for all participants2018-12-31964,956
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-315,940
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 balance2018-12-315,940
Present value of excess contributions2018-12-315,476
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-315,799
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-315,799
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 year2018-12-3112,754
Total employer contributions2018-12-3130,000
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 date2018-12-3129,841
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
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 balance2018-12-3170,272
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3118,404
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-3118,404
Contributions allocatedtoward minimum required contributions for current year2018-12-3129,841
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: RIMTEC CORPORATION RETIREMENT PLAN FOR HOURLY EMPLOYEES 2017 401k membership
Market value of plan assets2017-12-31798,289
Acturial value of plan assets2017-12-31798,289
Funding target for retired participants and beneficiaries receiving payment2017-12-31499,939
Number of terminated vested participants2017-12-3115
Fundng target for terminated vested participants2017-12-31175,188
Active participant vested funding target2017-12-31229,758
Number of active participants2017-12-3117
Total funding liabilities for active participants2017-12-31229,758
Total participant count2017-12-3150
Total funding target for all participants2017-12-31904,885
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3129,170
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-3123,491
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-315,679
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 year2017-12-315,940
Total employer contributions2017-12-3130,000
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 date2017-12-3127,915
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
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 balance2017-12-31112,536
Waiver amortization installment2017-12-310
Waived amount of outstanding balance2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3122,439
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3122,439
Contributions allocatedtoward minimum required contributions for current year2017-12-3127,915
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310

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