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PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM 401k Plan overview

Plan NamePENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM
Plan identification number 039

PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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 PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0392022-01-01
0392021-01-01
0392020-01-01

Plan Statistics for PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM

401k plan membership statisitcs for PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM

Measure Date Value
2022: PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM 2022 401k membership
Market value of plan assets2022-12-3147,103,113
Acturial value of plan assets2022-12-3145,727,425
Funding target for retired participants and beneficiaries receiving payment2022-12-3110,787,354
Number of terminated vested participants2022-12-31251
Fundng target for terminated vested participants2022-12-315,123,588
Active participant vested funding target2022-12-3116,577,702
Number of active participants2022-12-31339
Total funding liabilities for active participants2022-12-3117,765,230
Total participant count2022-12-31759
Total funding target for all participants2022-12-3133,676,172
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3111,146,661
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 balance2022-12-3111,146,661
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 year2022-12-3111,166,725
Total employer contributions2022-12-314,600,000
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 date2022-12-314,225,570
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 cost2022-12-31209,949
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 year2022-12-314,225,570
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-01756
Total number of active participants reported on line 7a of the Form 55002022-01-01288
Number of retired or separated participants receiving benefits2022-01-01172
Number of other retired or separated participants entitled to future benefits2022-01-01222
Total of all active and inactive participants2022-01-01682
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-0144
Total participants2022-01-01726
2021: PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM 2021 401k membership
Market value of plan assets2021-12-3149,494,630
Acturial value of plan assets2021-12-3144,545,167
Funding target for retired participants and beneficiaries receiving payment2021-12-319,055,617
Number of terminated vested participants2021-12-31257
Fundng target for terminated vested participants2021-12-314,698,363
Active participant vested funding target2021-12-3117,029,660
Number of active participants2021-12-31381
Total funding liabilities for active participants2021-12-3118,161,908
Total participant count2021-12-31789
Total funding target for all participants2021-12-3131,915,888
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-319,850,761
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-31394,822
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-319,455,939
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 year2021-12-3111,146,661
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 cost2021-12-31254,000
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
Total participants, beginning-of-year2021-01-01786
Total number of active participants reported on line 7a of the Form 55002021-01-01339
Number of retired or separated participants receiving benefits2021-01-01148
Number of other retired or separated participants entitled to future benefits2021-01-01232
Total of all active and inactive participants2021-01-01719
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0137
Total participants2021-01-01756
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM 2020 401k membership
Market value of plan assets2020-12-3144,307,156
Acturial value of plan assets2020-12-3141,612,226
Funding target for retired participants and beneficiaries receiving payment2020-12-316,781,110
Number of terminated vested participants2020-12-31258
Fundng target for terminated vested participants2020-12-314,860,421
Active participant vested funding target2020-12-3119,417,563
Number of active participants2020-12-31426
Total funding liabilities for active participants2020-12-3120,794,056
Total participant count2020-12-31808
Total funding target for all participants2020-12-3132,435,587
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-318,019,180
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 balance2020-12-318,019,180
Present value of excess contributions2020-12-31456,483
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31482,183
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 year2020-12-319,850,761
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 cost2020-12-31285,634
Net shortfall amortization installment of oustanding balance2020-12-31674,122
Total funding amount beforereflecting carryover/prefunding balances2020-12-31394,822
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-31394,822
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-year2020-01-01807
Total number of active participants reported on line 7a of the Form 55002020-01-01381
Number of retired or separated participants receiving benefits2020-01-01130
Number of other retired or separated participants entitled to future benefits2020-01-01239
Total of all active and inactive participants2020-01-01750
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-0136
Total participants2020-01-01786
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM

Measure Date Value
2022 : PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM 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$0
Total income from all sources (including contributions)2022-12-31$-7,988,001
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$4,898,258
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$4,898,258
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$4,600,000
Value of total assets at end of year2022-12-31$34,216,854
Value of total assets at beginning of year2022-12-31$47,103,113
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$10,000,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-12,886,259
Value of net assets at end of year (total assets less liabilities)2022-12-31$34,216,854
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$47,103,113
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$29,616,854
Value of interest in master investment trust accounts at beginning of year2022-12-31$47,103,113
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$4,600,000
Employer contributions (assets) at end of year2022-12-31$4,600,000
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$4,898,258
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 : PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM 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$20,509
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$2,412,026
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,412,026
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$47,103,113
Value of total assets at beginning of year2021-12-31$49,494,630
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$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-2,391,517
Value of net assets at end of year (total assets less liabilities)2021-12-31$47,103,113
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$49,494,630
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$47,103,113
Value of interest in master investment trust accounts at beginning of year2021-12-31$49,494,630
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$2,412,026
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 : PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM 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$7,579,415
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$2,409,758
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$2,409,758
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$49,494,630
Value of total assets at beginning of year2020-12-31$44,324,973
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$5,169,657
Value of net assets at end of year (total assets less liabilities)2020-12-31$49,494,630
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$44,324,973
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$49,494,630
Value of interest in master investment trust accounts at beginning of year2020-12-31$43,824,973
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$500,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$2,409,758
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 PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM

2022: PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM 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
2021: PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM 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 planYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PENSION PLAN FOR REPRESENTED HOURLY-PAID EMPLOYEES OF NATIONAL GYPSUM 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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