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PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC 401k Plan overview

Plan NamePENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC
Plan identification number 002

PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • 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).
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ARCELORMITTAL SALES & ADMINISTRATION LLC has sponsored the creation of one or more 401k plans.

Company Name:ARCELORMITTAL SALES & ADMINISTRATION LLC
Employer identification number (EIN):853613331

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-12-09

Plan Statistics for PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC

401k plan membership statisitcs for PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC

Measure Date Value
2022: PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC 2022 401k membership
Market value of plan assets2022-12-319,489,541
Acturial value of plan assets2022-12-319,502,638
Funding target for retired participants and beneficiaries receiving payment2022-12-31271,979
Number of terminated vested participants2022-12-310
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-314,615,227
Number of active participants2022-12-3123
Total funding liabilities for active participants2022-12-315,033,428
Total participant count2022-12-3124
Total funding target for all participants2022-12-315,305,407
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
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 balance2022-12-310
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 year2022-12-310
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 cost2022-12-31238,346
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
Total participants, beginning-of-year2022-01-0124
Total number of active participants reported on line 7a of the Form 55002022-01-0121
Number of retired or separated participants receiving benefits2022-01-013
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC 2021 401k membership
Market value of plan assets2021-12-319,061,809
Acturial value of plan assets2021-12-318,990,481
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-314,827,467
Number of active participants2021-12-3124
Total funding liabilities for active participants2021-12-315,258,022
Total participant count2021-12-3124
Total funding target for all participants2021-12-315,258,022
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
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 balance2021-12-310
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 year2021-12-310
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 cost2021-12-31223,563
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-year2021-01-0124
Total number of active participants reported on line 7a of the Form 55002021-01-0123
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC 2020 401k membership
Market value of plan assets2020-12-318,922,616
Acturial value of plan assets2020-12-318,922,616
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-314,713,153
Number of active participants2020-12-3124
Total funding liabilities for active participants2020-12-315,133,381
Total participant count2020-12-3124
Total funding target for all participants2020-12-315,133,381
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
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 balance2020-12-310
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 year2020-12-310
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 cost2020-12-3113,594
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 year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-12-090
Total number of active participants reported on line 7a of the Form 55002020-12-0924
Number of retired or separated participants receiving benefits2020-12-090
Number of other retired or separated participants entitled to future benefits2020-12-090
Total of all active and inactive participants2020-12-0924
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-12-090
Total participants2020-12-0924
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-12-090

Financial Data on PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC

Measure Date Value
2022 : PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC 2022 401k financial data
Total income from all sources2022-12-31$-1,953,597
Expenses. Total of all expenses incurred2022-12-31$75,401
Benefits paid (including direct rollovers)2022-12-31$75,401
Total plan assets at end of year2022-12-31$7,458,533
Total plan assets at beginning of year2022-12-31$9,487,531
Value of fidelity bond covering the plan2022-12-31$75,000,000
Other income received2022-12-31$-1,953,597
Net income (gross income less expenses)2022-12-31$-2,028,998
Net plan assets at end of year (total assets less liabilities)2022-12-31$7,458,533
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$9,487,531
2021 : PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC 2021 401k financial data
Total income from all sources2021-12-31$445,813
Expenses. Total of all expenses incurred2021-12-31$20,091
Benefits paid (including direct rollovers)2021-12-31$20,091
Total plan assets at end of year2021-12-31$9,487,531
Total plan assets at beginning of year2021-12-31$9,061,809
Value of fidelity bond covering the plan2021-12-31$75,000,000
Other income received2021-12-31$445,813
Net income (gross income less expenses)2021-12-31$425,722
Net plan assets at end of year (total assets less liabilities)2021-12-31$9,487,531
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$9,061,809
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC 2020 401k financial data
Transfers to/from the plan2020-12-31$8,922,616
Total income from all sources2020-12-31$139,193
Expenses. Total of all expenses incurred2020-12-31$0
Total plan assets at end of year2020-12-31$9,061,809
Total plan assets at beginning of year2020-12-31$0
Value of fidelity bond covering the plan2020-12-31$75,000,000
Other income received2020-12-31$139,193
Net income (gross income less expenses)2020-12-31$139,193
Net plan assets at end of year (total assets less liabilities)2020-12-31$9,061,809
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0

Form 5500 Responses for PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC

2022: PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC 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: PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC 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: PENSION PLAN FOR HOURLY AND BARGAINING UNIT EMPLOYEES OF ARCELORMITTAL USA RESEARCH LLC 2020 form 5500 responses
2020-12-09Type of plan entitySingle employer plan
2020-12-09First time form 5500 has been submittedYes
2020-12-09Submission has been amendedYes
2020-12-09This submission is the final filingNo
2020-12-09This return/report is a short plan year return/report (less than 12 months)Yes
2020-12-09Plan is a collectively bargained planNo
2020-12-09Plan funding arrangement – TrustYes
2020-12-09Plan benefit arrangement - TrustYes

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