?>
Plan Name | RET. PLAN FOR EMPS. OF AMERICAN PRESIDENT LINES, LLC. REPRESENTED BY THE PROF. OFC. & IND. , MARINE ENGR. BENEFICIAL ASSN (AFL/CIO) |
Plan identification number | 004 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
|
Company Name: | AMERICAN PRESIDENT LINES, LLC |
Employer identification number (EIN): | 940434900 |
Additional information about AMERICAN PRESIDENT LINES, LLC
Jurisdiction of Incorporation: | Texas Secretary of State |
Incorporation Date: | 1981-11-12 |
Company Identification Number: | 0005282206 |
Legal Registered Office Address: |
3501 JAMBOREE RD STE 300 NEWPORT BEACH United States of America (USA) 92660 |
More information about AMERICAN PRESIDENT LINES, LLC
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
004 | 2022-01-01 | ||||
004 | 2022-01-01 | ||||
004 | 2021-01-01 |
Measure | Date | Value |
---|---|---|
2022: RET. PLAN FOR EMPS. OF AMERICAN PRESIDENT LINES, LLC. REPRESENTED BY THE PROF. OFC. & IND. , MARINE ENGR. BENEFICIAL ASSN (AFL/CIO) 2022 401k membership | ||
Market value of plan assets | 2022-12-31 | 31,971,625 |
Acturial value of plan assets | 2022-12-31 | 31,971,625 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 14,201,022 |
Number of terminated vested participants | 2022-12-31 | 224 |
Fundng target for terminated vested participants | 2022-12-31 | 10,933,731 |
Active participant vested funding target | 2022-12-31 | 1,867,139 |
Number of active participants | 2022-12-31 | 157 |
Total funding liabilities for active participants | 2022-12-31 | 2,163,282 |
Total participant count | 2022-12-31 | 501 |
Total funding target for all participants | 2022-12-31 | 27,298,035 |
Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 0 |
Amount remaining of carryover balance | 2022-12-31 | 0 |
Amount remaining of prefunding balance | 2022-12-31 | 0 |
Present value of excess contributions | 2022-12-31 | 2,508 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 2,636 |
Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
Balance of prefunding at beginning of current year | 2022-12-31 | 0 |
Total employer contributions | 2022-12-31 | 2,000,000 |
Total employee contributions | 2022-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 1,825,866 |
Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-12-31 | 991,863 |
Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
Waiver amortization installment | 2022-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Additional cash requirement | 2022-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 1,825,866 |
Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
Total participants, beginning-of-year | 2022-01-01 | 501 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 161 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 90 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 218 |
Total of all active and inactive participants | 2022-01-01 | 469 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 25 |
Total participants | 2022-01-01 | 494 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 13 |
2021: RET. PLAN FOR EMPS. OF AMERICAN PRESIDENT LINES, LLC. REPRESENTED BY THE PROF. OFC. & IND. , MARINE ENGR. BENEFICIAL ASSN (AFL/CIO) 2021 401k membership | ||
Market value of plan assets | 2021-12-31 | 30,710,186 |
Acturial value of plan assets | 2021-12-31 | 30,710,186 |
Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 14,685,168 |
Number of terminated vested participants | 2021-12-31 | 215 |
Fundng target for terminated vested participants | 2021-12-31 | 14,169,296 |
Active participant vested funding target | 2021-12-31 | 2,343,447 |
Number of active participants | 2021-12-31 | 162 |
Total funding liabilities for active participants | 2021-12-31 | 2,787,256 |
Total participant count | 2021-12-31 | 493 |
Total funding target for all participants | 2021-12-31 | 31,641,720 |
Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2021-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2021-12-31 | 0 |
Amount remaining of carryover balance | 2021-12-31 | 0 |
Amount remaining of prefunding balance | 2021-12-31 | 0 |
Present value of excess contributions | 2021-12-31 | 398 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 420 |
Reductions in caryover balances due to elections or deemed elections | 2021-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2021-12-31 | 0 |
Balance of carryovers at beginning of current year | 2021-12-31 | 0 |
Balance of prefunding at beginning of current year | 2021-12-31 | 0 |
Total employer contributions | 2021-12-31 | 1,648,755 |
Total employee contributions | 2021-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2021-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2021-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 1,587,530 |
Liquidity shortfalls end of Q1 | 2021-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2021-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2021-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2021-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2021-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2021-12-31 | 1,108,081 |
Net shortfall amortization installment of oustanding balance | 2021-12-31 | 931,534 |
Waiver amortization installment | 2021-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 1,585,022 |
Carryover balance elected to use to offset funding requirement | 2021-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2021-12-31 | 0 |
Additional cash requirement | 2021-12-31 | 1,585,022 |
Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 1,587,530 |
Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
Total participants, beginning-of-year | 2021-01-01 | 493 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 157 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 98 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 219 |
Total of all active and inactive participants | 2021-01-01 | 474 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 27 |
Total participants | 2021-01-01 | 501 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 14 |
Measure | Date | Value |
---|---|---|
2022 : RET. PLAN FOR EMPS. OF AMERICAN PRESIDENT LINES, LLC. REPRESENTED BY THE PROF. OFC. & IND. , MARINE ENGR. BENEFICIAL ASSN (AFL/CIO) 2022 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
Total transfer of assets to this plan | 2022-12-31 | $0 |
Total transfer of assets from this plan | 2022-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $25,154 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $11,615 |
Total income from all sources (including contributions) | 2022-12-31 | $-6,191,444 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $2,993,240 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $2,515,690 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $2,000,000 |
Value of total assets at end of year | 2022-12-31 | $22,758,077 |
Value of total assets at beginning of year | 2022-12-31 | $31,929,222 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $477,550 |
Total interest from all sources | 2022-12-31 | $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 year | 2022-12-31 | No |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $500,000 |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $25,154 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $11,615 |
Administrative expenses (other) incurred | 2022-12-31 | $477,550 |
Total non interest bearing cash at end of year | 2022-12-31 | $0 |
Total non interest bearing cash at beginning of year | 2022-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-9,184,684 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $22,732,923 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $31,917,607 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in master investment trust accounts at end of year | 2022-12-31 | $20,758,077 |
Value of interest in master investment trust accounts at beginning of year | 2022-12-31 | $31,434,222 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $2,000,000 |
Employer contributions (assets) at end of year | 2022-12-31 | $2,000,000 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $495,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $2,515,690 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | MAYER HOFFMAN MCCANN PC |
Accountancy firm EIN | 2022-12-31 | 431947695 |
2021 : RET. PLAN FOR EMPS. OF AMERICAN PRESIDENT LINES, LLC. REPRESENTED BY THE PROF. OFC. & IND. , MARINE ENGR. BENEFICIAL ASSN (AFL/CIO) 2021 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
Total transfer of assets from this plan | 2021-12-31 | $161,071 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $11,615 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $44,304 |
Total income from all sources (including contributions) | 2021-12-31 | $4,693,486 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $3,232,248 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $2,678,244 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $1,648,755 |
Value of total assets at end of year | 2021-12-31 | $31,929,222 |
Value of total assets at beginning of year | 2021-12-31 | $30,661,744 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $554,004 |
Total interest from all sources | 2021-12-31 | $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 year | 2021-12-31 | No |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $500,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-12-31 | $11,615 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-12-31 | $44,304 |
Administrative expenses (other) incurred | 2021-12-31 | $554,004 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $1,461,238 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $31,917,607 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $30,617,440 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in master investment trust accounts at end of year | 2021-12-31 | $31,434,222 |
Value of interest in master investment trust accounts at beginning of year | 2021-12-31 | $30,485,744 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $1,648,755 |
Employer contributions (assets) at end of year | 2021-12-31 | $495,000 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $176,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $2,678,244 |
Did the plan have assets held for investment | 2021-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | MAYER HOFFMAN MCCANN PC |
Accountancy firm EIN | 2021-12-31 | 431947695 |
2022: RET. PLAN FOR EMPS. OF AMERICAN PRESIDENT LINES, LLC. REPRESENTED BY THE PROF. OFC. & IND. , MARINE ENGR. BENEFICIAL ASSN (AFL/CIO) 2022 form 5500 responses | ||
---|---|---|
2022-01-01 | Type of plan entity | Single employer plan |
2022-01-01 | Submission has been amended | No |
2022-01-01 | This submission is the final filing | No |
2022-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2022-01-01 | Plan is a collectively bargained plan | Yes |
2022-01-01 | Plan funding arrangement – Trust | Yes |
2022-01-01 | Plan benefit arrangement - Trust | Yes |
2021: RET. PLAN FOR EMPS. OF AMERICAN PRESIDENT LINES, LLC. REPRESENTED BY THE PROF. OFC. & IND. , MARINE ENGR. BENEFICIAL ASSN (AFL/CIO) 2021 form 5500 responses | ||
2021-01-01 | Type of plan entity | Single employer plan |
2021-01-01 | Submission has been amended | No |
2021-01-01 | This submission is the final filing | No |
2021-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2021-01-01 | Plan is a collectively bargained plan | Yes |
2021-01-01 | Plan funding arrangement – Trust | Yes |
2021-01-01 | Plan benefit arrangement - Trust | Yes |