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AMERICAN INDUSTRIAL TRANSPORT, INC. SAVINGS AND INVESTMENT PLAN 401k Plan overview

Plan NameAMERICAN INDUSTRIAL TRANSPORT, INC. SAVINGS AND INVESTMENT PLAN
Plan identification number 002

AMERICAN INDUSTRIAL TRANSPORT, INC. SAVINGS AND INVESTMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

AMERICAN INDUSTRIAL TRANSPORT INC has sponsored the creation of one or more 401k plans.

Company Name:AMERICAN INDUSTRIAL TRANSPORT INC
Employer identification number (EIN):850855127
NAIC Classification:336990

Additional information about AMERICAN INDUSTRIAL TRANSPORT INC

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2020-05-28
Company Identification Number: 0803632798
Legal Registered Office Address: 100 CLARK ST

SAINT CHARLES
United States of America (USA)
63301

More information about AMERICAN INDUSTRIAL TRANSPORT INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AMERICAN INDUSTRIAL TRANSPORT, INC. SAVINGS AND INVESTMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022020-01-01
0022020-01-01

Plan Statistics for AMERICAN INDUSTRIAL TRANSPORT, INC. SAVINGS AND INVESTMENT PLAN

401k plan membership statisitcs for AMERICAN INDUSTRIAL TRANSPORT, INC. SAVINGS AND INVESTMENT PLAN

Measure Date Value
2022: AMERICAN INDUSTRIAL TRANSPORT, INC. SAVINGS AND INVESTMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01945
Total number of active participants reported on line 7a of the Form 55002022-01-01773
Number of retired or separated participants receiving benefits2022-01-0133
Number of other retired or separated participants entitled to future benefits2022-01-01212
Total of all active and inactive participants2022-01-011,018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-013
Total participants2022-01-011,021
Number of participants with account balances2022-01-01829
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0127
2020: AMERICAN INDUSTRIAL TRANSPORT, INC. SAVINGS AND INVESTMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01986
Total number of active participants reported on line 7a of the Form 55002020-01-01676
Number of retired or separated participants receiving benefits2020-01-014
Number of other retired or separated participants entitled to future benefits2020-01-01269
Total of all active and inactive participants2020-01-01949
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-013
Total participants2020-01-01952
Number of participants with account balances2020-01-01757
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0127

Financial Data on AMERICAN INDUSTRIAL TRANSPORT, INC. SAVINGS AND INVESTMENT PLAN

Measure Date Value
2022 : AMERICAN INDUSTRIAL TRANSPORT, INC. SAVINGS AND INVESTMENT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-5,410,814
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$5,358,655
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$5,351,365
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,773,303
Value of total assets at end of year2022-12-31$41,172,256
Value of total assets at beginning of year2022-12-31$51,941,725
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$7,290
Total interest from all sources2022-12-31$62,746
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$2,326,225
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$2,326,225
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$5,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$2,051,664
Participant contributions at end of year2022-12-31$1,398,403
Participant contributions at beginning of year2022-12-31$1,413,949
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$100,766
Administrative expenses (other) incurred2022-12-31$7,290
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-10,769,469
Value of net assets at end of year (total assets less liabilities)2022-12-31$41,172,256
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$51,941,725
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$30,419,802
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$41,721,484
Interest on participant loans2022-12-31$62,746
Value of interest in common/collective trusts at end of year2022-12-31$9,354,051
Value of interest in common/collective trusts at beginning of year2022-12-31$8,806,292
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-10,712,710
Net investment gain or loss from common/collective trusts2022-12-31$139,622
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$620,873
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$5,351,365
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31ARMANINO, LLP
Accountancy firm EIN2022-12-31926214841
2021 : AMERICAN INDUSTRIAL TRANSPORT, INC. SAVINGS AND INVESTMENT PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$10,126,069
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$9,489,543
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$9,474,601
Expenses. Certain deemed distributions of participant loans2021-12-31$7,452
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$3,749,219
Value of total assets at end of year2021-12-31$51,863,657
Value of total assets at beginning of year2021-12-31$51,227,131
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$7,490
Total interest from all sources2021-12-31$61,475
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$3,704,363
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$3,704,363
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$1,737,583
Participant contributions at end of year2021-12-31$1,335,883
Participant contributions at beginning of year2021-12-31$1,155,193
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$1,434,894
Other income not declared elsewhere2021-12-31$1,479
Administrative expenses (other) incurred2021-12-31$7,490
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$636,526
Value of net assets at end of year (total assets less liabilities)2021-12-31$51,863,657
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$51,227,131
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$41,721,482
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$42,610,732
Interest on participant loans2021-12-31$61,475
Value of interest in common/collective trusts at end of year2021-12-31$8,806,292
Value of interest in common/collective trusts at beginning of year2021-12-31$7,461,206
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$2,486,619
Net investment gain or loss from common/collective trusts2021-12-31$122,914
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$576,742
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$9,474,601
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Accountancy firm name2021-12-31ARMANINO, LLP
Accountancy firm EIN2021-12-31431001367
2020 : AMERICAN INDUSTRIAL TRANSPORT, INC. SAVINGS AND INVESTMENT PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$9,282,285
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$7,432,351
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$7,427,491
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$2,533,964
Value of total assets at end of year2020-12-31$51,227,131
Value of total assets at beginning of year2020-12-31$49,377,197
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$4,860
Total interest from all sources2020-12-31$60,324
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,726,221
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$1,726,221
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$1,780,613
Participant contributions at end of year2020-12-31$1,155,193
Participant contributions at beginning of year2020-12-31$1,047,390
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$142,451
Administrative expenses (other) incurred2020-12-31$4,860
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,849,934
Value of net assets at end of year (total assets less liabilities)2020-12-31$51,227,131
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$49,377,197
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$42,610,732
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$40,537,368
Interest on participant loans2020-12-31$60,324
Value of interest in common/collective trusts at end of year2020-12-31$7,461,206
Value of interest in common/collective trusts at beginning of year2020-12-31$7,792,439
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$4,808,749
Net investment gain or loss from common/collective trusts2020-12-31$153,027
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$610,900
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$7,427,491
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31BROWN SMITH WALLACE, LLP
Accountancy firm EIN2020-12-31431001367

Form 5500 Responses for AMERICAN INDUSTRIAL TRANSPORT, INC. SAVINGS AND INVESTMENT PLAN

2022: AMERICAN INDUSTRIAL TRANSPORT, INC. SAVINGS AND INVESTMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2020: AMERICAN INDUSTRIAL TRANSPORT, INC. SAVINGS AND INVESTMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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