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PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE 401k Plan overview

Plan NamePENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE
Plan identification number 037

PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE 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

CRANE COMPANY has sponsored the creation of one or more 401k plans.

Company Name:CRANE COMPANY
Employer identification number (EIN):882846451
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0372022-01-01

Plan Statistics for PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE

401k plan membership statisitcs for PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE

Measure Date Value
2022: PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE 2022 401k membership
Market value of plan assets2022-12-31536,802,045
Acturial value of plan assets2022-12-31508,665,843
Funding target for retired participants and beneficiaries receiving payment2022-12-31307,903,598
Number of terminated vested participants2022-12-312,383
Fundng target for terminated vested participants2022-12-31118,600,804
Active participant vested funding target2022-12-3171,685,788
Number of active participants2022-12-31800
Total funding liabilities for active participants2022-12-3172,774,695
Total participant count2022-12-318,485
Total funding target for all participants2022-12-31499,279,097
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3115,535,085
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-3110,901,703
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-314,633,382
Present value of excess contributions2022-12-3113,830,910
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3115,370,659
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-3115,370,659
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 year2022-12-3120,589,237
Total employer contributions2022-12-3115,000,000
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 date2022-12-3113,864,974
Liquidity shortfalls end of Q12022-12-310
Liquidity shortfalls end of Q22022-12-310
Liquidity shortfalls end of Q32022-12-310
Liquidity shortfalls end of Q42022-12-310
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 cost2022-12-316,975,680
Net shortfall amortization installment of oustanding balance2022-12-3111,202,491
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-318,170,971
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-318,170,971
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-3113,864,974
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-018,453
Total number of active participants reported on line 7a of the Form 55002022-01-01727
Number of retired or separated participants receiving benefits2022-01-014,450
Number of other retired or separated participants entitled to future benefits2022-01-012,104
Total of all active and inactive participants2022-01-017,281
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-01991
Total participants2022-01-018,272
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010

Financial Data on PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE

Measure Date Value
2022 : PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE 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$13,498
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-80,079,188
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$40,381,135
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$33,281,167
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$15,000,000
Value of total assets at end of year2022-12-31$416,755,312
Value of total assets at beginning of year2022-12-31$537,202,137
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$7,099,968
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
Administrative expenses professional fees incurred2022-12-31$489,566
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
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$13,498
Administrative expenses (other) incurred2022-12-31$6,354,450
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-120,460,323
Value of net assets at end of year (total assets less liabilities)2022-12-31$416,741,814
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$537,202,137
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
Investment advisory and management fees2022-12-31$255,952
Value of interest in master investment trust accounts at end of year2022-12-31$401,755,312
Value of interest in master investment trust accounts at beginning of year2022-12-31$522,202,137
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$15,000,000
Employer contributions (assets) at end of year2022-12-31$15,000,000
Employer contributions (assets) at beginning of year2022-12-31$15,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$33,281,167
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 name2022-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2022-12-31133891517

Form 5500 Responses for PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE

2022: PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE 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

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