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NATIONAL GYPSUM GENERAL PENSION PLAN 401k Plan overview

Plan NameNATIONAL GYPSUM GENERAL PENSION PLAN
Plan identification number 001

NATIONAL GYPSUM GENERAL PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NG OPERATIONS, LLC has sponsored the creation of one or more 401k plans.

Company Name:NG OPERATIONS, LLC
Employer identification number (EIN):853196048

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NATIONAL GYPSUM GENERAL PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01

Plan Statistics for NATIONAL GYPSUM GENERAL PENSION PLAN

401k plan membership statisitcs for NATIONAL GYPSUM GENERAL PENSION PLAN

Measure Date Value
2022: NATIONAL GYPSUM GENERAL PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-31238,244,340
Acturial value of plan assets2022-12-31232,660,947
Funding target for retired participants and beneficiaries receiving payment2022-12-3136,975,519
Number of terminated vested participants2022-12-31412
Fundng target for terminated vested participants2022-12-3117,485,647
Active participant vested funding target2022-12-3194,976,459
Number of active participants2022-12-31593
Total funding liabilities for active participants2022-12-3196,540,145
Total participant count2022-12-311,298
Total funding target for all participants2022-12-31151,001,311
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3187,656,712
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-314,063,364
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-3183,593,348
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 year2022-12-3183,049,991
Total employer contributions2022-12-3111,800,000
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 date2022-12-3110,839,505
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 cost2022-12-317,007,408
Net shortfall amortization installment of oustanding balance2022-12-311,390,355
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-317,135,893
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-317,135,893
Contributions allocatedtoward minimum required contributions for current year2022-12-3110,839,505
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-011,287
Total number of active participants reported on line 7a of the Form 55002022-01-01506
Number of retired or separated participants receiving benefits2022-01-01287
Number of other retired or separated participants entitled to future benefits2022-01-01374
Total of all active and inactive participants2022-01-011,167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-0153
Total participants2022-01-011,220
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: NATIONAL GYPSUM GENERAL PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-31266,956,087
Acturial value of plan assets2021-12-31240,260,478
Funding target for retired participants and beneficiaries receiving payment2021-12-3131,873,166
Number of terminated vested participants2021-12-31424
Fundng target for terminated vested participants2021-12-3117,324,031
Active participant vested funding target2021-12-31100,310,319
Number of active participants2021-12-31664
Total funding liabilities for active participants2021-12-31102,211,725
Total participant count2021-12-311,351
Total funding target for all participants2021-12-31151,408,922
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3182,646,383
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-318,063,968
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-3174,582,415
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
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 year2021-12-3187,656,712
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
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
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 cost2021-12-315,258,208
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-314,063,364
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-314,063,364
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
Total participants, beginning-of-year2021-01-011,341
Total number of active participants reported on line 7a of the Form 55002021-01-01593
Number of retired or separated participants receiving benefits2021-01-01255
Number of other retired or separated participants entitled to future benefits2021-01-01390
Total of all active and inactive participants2021-01-011,238
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0149
Total participants2021-01-011,287
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: NATIONAL GYPSUM GENERAL PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-31239,502,074
Acturial value of plan assets2020-12-31226,469,506
Funding target for retired participants and beneficiaries receiving payment2020-12-3127,491,044
Number of terminated vested participants2020-12-31448
Fundng target for terminated vested participants2020-12-3117,994,992
Active participant vested funding target2020-12-31106,837,461
Number of active participants2020-12-31714
Total funding liabilities for active participants2020-12-31109,196,498
Total participant count2020-12-311,387
Total funding target for all participants2020-12-31154,682,534
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3167,587,817
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-3167,587,817
Present value of excess contributions2020-12-317,090,431
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-317,489,622
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 year2020-12-3182,646,383
Total employer contributions2020-12-310
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 date2020-12-310
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 cost2020-12-316,305,066
Net shortfall amortization installment of oustanding balance2020-12-3110,859,411
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-318,063,968
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-318,063,968
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-011,379
Total number of active participants reported on line 7a of the Form 55002020-01-01664
Number of retired or separated participants receiving benefits2020-01-01230
Number of other retired or separated participants entitled to future benefits2020-01-01399
Total of all active and inactive participants2020-01-011,293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-0148
Total participants2020-01-011,341
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on NATIONAL GYPSUM GENERAL PENSION PLAN

Measure Date Value
2022 : NATIONAL GYPSUM GENERAL PENSION 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$0
Total income from all sources (including contributions)2022-12-31$-52,551,204
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$31,371,413
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$31,371,413
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$11,800,000
Value of total assets at end of year2022-12-31$154,321,723
Value of total assets at beginning of year2022-12-31$238,244,340
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$0
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-83,922,617
Value of net assets at end of year (total assets less liabilities)2022-12-31$154,321,723
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$238,244,340
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 master investment trust accounts at end of year2022-12-31$142,521,723
Value of interest in master investment trust accounts at beginning of year2022-12-31$238,244,340
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$11,800,000
Employer contributions (assets) at end of year2022-12-31$11,800,000
Employer contributions (assets) at beginning of year2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$31,371,413
Did the plan have assets held for investment2022-12-31No
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 name2022-12-31FORVIS LLP
Accountancy firm EIN2022-12-31440160260
2021 : NATIONAL GYPSUM GENERAL PENSION 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$0
Total income from all sources (including contributions)2021-12-31$-1,822,586
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$26,889,161
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$26,889,161
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$0
Value of total assets at end of year2021-12-31$238,244,340
Value of total assets at beginning of year2021-12-31$266,956,087
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$0
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-28,711,747
Value of net assets at end of year (total assets less liabilities)2021-12-31$238,244,340
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$266,956,087
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 master investment trust accounts at end of year2021-12-31$238,244,340
Value of interest in master investment trust accounts at beginning of year2021-12-31$266,956,087
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$26,889,161
Did the plan have assets held for investment2021-12-31No
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
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31FORVIS LLP
Accountancy firm EIN2021-12-31440160260
2020 : NATIONAL GYPSUM GENERAL PENSION 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$39,584,373
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$12,514,541
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$12,514,541
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$0
Value of total assets at end of year2020-12-31$266,956,087
Value of total assets at beginning of year2020-12-31$239,886,255
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$0
Total interest from all sources2020-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
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
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$27,069,832
Value of net assets at end of year (total assets less liabilities)2020-12-31$266,956,087
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$239,886,255
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 master investment trust accounts at end of year2020-12-31$266,956,087
Value of interest in master investment trust accounts at beginning of year2020-12-31$228,386,255
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
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$11,500,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$12,514,541
Did the plan have assets held for investment2020-12-31No
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 name2020-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2020-12-31560747981

Form 5500 Responses for NATIONAL GYPSUM GENERAL PENSION PLAN

2022: NATIONAL GYPSUM GENERAL PENSION 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 planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NATIONAL GYPSUM GENERAL PENSION PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NATIONAL GYPSUM GENERAL PENSION 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 planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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