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GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST 401k Plan overview

Plan NameGLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST
Plan identification number 002

GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

GLOBAL MATERIAL TECHNOLOGIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:GLOBAL MATERIAL TECHNOLOGIES, INC.
Employer identification number (EIN):042624726
NAIC Classification:331200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01ROBERT KREBS2023-04-14
0022021-01-01ROBERT KREBS2022-05-16
0022020-01-01ROBERT KREBS2021-05-04
0022019-01-01ROBERT KREBS2020-07-29
0022018-01-01ROBERT KREBS2019-06-28
0022017-01-01ROBERT KREBS2018-07-11
0022016-01-01ROBERT KREBS2017-03-31
0022015-01-01ROBERT KREBS2016-10-12
0022014-01-01ROBERT KREBS
0022013-01-01ROBERT KREBS
0022012-01-01ROBERT KREBS2013-10-03
0022011-01-01ROBERT KREBS2012-10-11
0022010-01-01ROBERT KREBS
0022009-01-01ROBERT KREBS

Plan Statistics for GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST

401k plan membership statisitcs for GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST

Measure Date Value
2014: GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST 2014 401k membership
Total participants, beginning-of-year2014-01-0176
Total number of active participants reported on line 7a of the Form 55002014-01-0157
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0117
Total of all active and inactive participants2014-01-0174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0174
Number of participants with account balances2014-01-0168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST 2013 401k membership
Total participants, beginning-of-year2013-01-0173
Total number of active participants reported on line 7a of the Form 55002013-01-0154
Number of retired or separated participants receiving benefits2013-01-011
Number of other retired or separated participants entitled to future benefits2013-01-0116
Total of all active and inactive participants2013-01-0171
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0171
Number of participants with account balances2013-01-0163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2010: GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-0178
Total number of active participants reported on line 7a of the Form 55002010-01-0156
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0120
Total of all active and inactive participants2010-01-0176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0176
Number of participants with account balances2010-01-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0180
Total number of active participants reported on line 7a of the Form 55002009-01-0154
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0124
Total of all active and inactive participants2009-01-0178
Total participants2009-01-0178
Number of participants with account balances2009-01-0170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST

Measure Date Value
2014 : GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST 2014 401k financial data
Total income from all sources2014-12-31$672,614
Expenses. Total of all expenses incurred2014-12-31$54,684
Benefits paid (including direct rollovers)2014-12-31$33,950
Total plan assets at end of year2014-12-31$5,856,772
Total plan assets at beginning of year2014-12-31$5,238,842
Value of fidelity bond covering the plan2014-12-31$500,000
Total contributions received or receivable from participants2014-12-31$300,900
Other income received2014-12-31$320,186
Net income (gross income less expenses)2014-12-31$617,930
Net plan assets at end of year (total assets less liabilities)2014-12-31$5,856,772
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$5,238,842
Assets. Value of participant loans2014-12-31$166,188
Total contributions received or receivable from employer(s)2014-12-31$51,528
Value of corrective distributions2014-12-31$3,265
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$17,469
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST 2013 401k financial data
Total income from all sources2013-12-31$1,220,275
Expenses. Total of all expenses incurred2013-12-31$222,632
Benefits paid (including direct rollovers)2013-12-31$195,748
Total plan assets at end of year2013-12-31$5,238,842
Total plan assets at beginning of year2013-12-31$4,241,199
Value of fidelity bond covering the plan2013-12-31$500,000
Total contributions received or receivable from participants2013-12-31$267,443
Other income received2013-12-31$906,885
Net income (gross income less expenses)2013-12-31$997,643
Net plan assets at end of year (total assets less liabilities)2013-12-31$5,238,842
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$4,241,199
Assets. Value of participant loans2013-12-31$156,552
Total contributions received or receivable from employer(s)2013-12-31$45,947
Value of corrective distributions2013-12-31$11,857
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$15,027
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2010 : GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST 2010 401k financial data
Total income from all sources2010-12-31$1,000,563
Expenses. Total of all expenses incurred2010-12-31$206,280
Benefits paid (including direct rollovers)2010-12-31$176,346
Total plan assets at end of year2010-12-31$3,822,776
Total plan assets at beginning of year2010-12-31$3,028,493
Value of fidelity bond covering the plan2010-12-31$350,000
Total contributions received or receivable from participants2010-12-31$205,865
Contributions received from other sources (not participants or employers)2010-12-31$323,419
Other income received2010-12-31$431,278
Net income (gross income less expenses)2010-12-31$794,283
Net plan assets at end of year (total assets less liabilities)2010-12-31$3,822,776
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$3,028,493
Assets. Value of participant loans2010-12-31$124,273
Total contributions received or receivable from employer(s)2010-12-31$40,001
Value of corrective distributions2010-12-31$29,934
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST

2014: GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2010: GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: GLOBAL MATERIAL TECHNOLOGIES-CHICAGO 401(K) PLAN & TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number60806
Policy instance 1
Insurance contract or identification number60806
Number of Individuals Covered76
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $16,605
Total amount of fees paid to insurance companyUSD $2,881
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $15,134
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?3
Insurance broker nameMORGAN STANLEY INSURANCE SERVICES
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number65838
Policy instance 1
Insurance contract or identification number65838
Number of Individuals Covered64
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $13,930
Total amount of fees paid to insurance companyUSD $2,405
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $13,930
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?3
Insurance broker nameHUNTER BENEFITS CONSULTING GROUP
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number65838
Policy instance 1
Insurance contract or identification number65838
Number of Individuals Covered70
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $9,966
Total amount of fees paid to insurance companyUSD $1,646
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $9,886
Insurance broker organization code?3
Amount paid for insurance broker fees1640
Additional information about fees paid to insurance brokerTHIRD PARTY ADMINISTRATION FEES
Insurance broker nameMORGAN STANLEY SMITH BARNEY

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