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INTERFACE SEALING SOLUTIONS, INC. PENSION PLAN 401k Plan overview

Plan NameINTERFACE SEALING SOLUTIONS, INC. PENSION PLAN
Plan identification number 021

INTERFACE SEALING SOLUTIONS, INC. PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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).
  • 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.

401k Sponsoring company profile

LYDALL, INC. has sponsored the creation of one or more 401k plans.

Company Name:LYDALL, INC.
Employer identification number (EIN):060865505
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INTERFACE SEALING SOLUTIONS, INC. PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0212020-02-01CHAD MCDANIEL2020-11-16
0212019-02-01CHAD MCDANIEL2020-11-16
0212018-02-01

Plan Statistics for INTERFACE SEALING SOLUTIONS, INC. PENSION PLAN

401k plan membership statisitcs for INTERFACE SEALING SOLUTIONS, INC. PENSION PLAN

Measure Date Value
2020: INTERFACE SEALING SOLUTIONS, INC. PENSION PLAN 2020 401k membership
Market value of plan assets2020-01-312,214,819
Acturial value of plan assets2020-01-312,250,355
Funding target for retired participants and beneficiaries receiving payment2020-01-311,348,346
Number of terminated vested participants2020-01-3127
Fundng target for terminated vested participants2020-01-31344,642
Active participant vested funding target2020-01-31568,016
Number of active participants2020-01-3129
Total funding liabilities for active participants2020-01-31568,016
Total participant count2020-01-3199
Total funding target for all participants2020-01-312,261,004
Balance at beginning of prior year after applicable adjustments2020-01-310
Prefunding balance at beginning of prior year after applicable adjustments2020-01-3142,253
Carryover balanced portion elected for use to offset prior years funding requirement2020-01-310
Prefunding balanced used to offset prior years funding requirement2020-01-319,340
Amount remaining of carryover balance2020-01-310
Amount remaining of prefunding balance2020-01-3132,913
Present value of excess contributions2020-01-319,179
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-01-318,804
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-01-318,804
Reductions in caryover balances due to elections or deemed elections2020-01-310
Reductions in prefunding balances due to elections or deemed elections2020-01-310
Balance of carryovers at beginning of current year2020-01-310
Balance of prefunding at beginning of current year2020-01-3140,371
Total employer contributions2020-01-31783,748
Total employee contributions2020-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-01-310
Contributions made to avoid restrictions adjusted to valuation date2020-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-01-31739,875
Unpaid minimum required contributions for all prior years2020-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-01-310
Remaining amount of unpaid minimum required contributions2020-01-310
Minimum required contributions for current year target normal cost2020-01-3154,000
Net shortfall amortization installment of oustanding balance2020-01-3151,020
Waiver amortization installment2020-01-310
Total funding amount beforereflecting carryover/prefunding balances2020-01-3164,961
Carryover balance elected to use to offset funding requirement2020-01-310
Prefunding balance elected to use to offset funding requirement2020-01-310
Additional cash requirement2020-01-3164,961
Contributions allocatedtoward minimum required contributions for current year2020-01-31739,875
Unpaid minimum required contributions for current year2020-01-310
Unpaid minimum required contributions for all years2020-01-310
2019: INTERFACE SEALING SOLUTIONS, INC. PENSION PLAN 2019 401k membership
Market value of plan assets2019-01-312,436,823
Acturial value of plan assets2019-01-312,202,967
Funding target for retired participants and beneficiaries receiving payment2019-01-311,379,078
Number of terminated vested participants2019-01-3127
Fundng target for terminated vested participants2019-01-31300,470
Active participant vested funding target2019-01-31514,569
Number of active participants2019-01-3131
Total funding liabilities for active participants2019-01-31514,569
Total participant count2019-01-31102
Total funding target for all participants2019-01-312,194,117
Balance at beginning of prior year after applicable adjustments2019-01-310
Prefunding balance at beginning of prior year after applicable adjustments2019-01-3145,033
Carryover balanced portion elected for use to offset prior years funding requirement2019-01-310
Prefunding balanced used to offset prior years funding requirement2019-01-3110,000
Amount remaining of carryover balance2019-01-310
Amount remaining of prefunding balance2019-01-3135,033
Present value of excess contributions2019-01-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-01-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-01-310
Reductions in caryover balances due to elections or deemed elections2019-01-310
Reductions in prefunding balances due to elections or deemed elections2019-01-310
Balance of carryovers at beginning of current year2019-01-310
Balance of prefunding at beginning of current year2019-01-3142,253
Total employer contributions2019-01-3143,896
Total employee contributions2019-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-01-310
Contributions made to avoid restrictions adjusted to valuation date2019-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-01-3142,010
Liquidity shortfalls end of Q12019-01-310
Liquidity shortfalls end of Q22019-01-310
Liquidity shortfalls end of Q32019-01-310
Liquidity shortfalls end of Q42019-01-310
Unpaid minimum required contributions for all prior years2019-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-01-310
Remaining amount of unpaid minimum required contributions2019-01-310
Minimum required contributions for current year target normal cost2019-01-3135,000
Net shortfall amortization installment of oustanding balance2019-01-3133,403
Waiver amortization installment2019-01-310
Total funding amount beforereflecting carryover/prefunding balances2019-01-3142,171
Carryover balance elected to use to offset funding requirement2019-01-310
Prefunding balance elected to use to offset funding requirement2019-01-319,340
Additional cash requirement2019-01-3132,831
Contributions allocatedtoward minimum required contributions for current year2019-01-3142,010
Unpaid minimum required contributions for current year2019-01-310
Unpaid minimum required contributions for all years2019-01-310
2018: INTERFACE SEALING SOLUTIONS, INC. PENSION PLAN 2018 401k membership
Total participants, beginning-of-year2018-02-01102
Total number of active participants reported on line 7a of the Form 55002018-02-0129
Number of retired or separated participants receiving benefits2018-02-0140
Number of other retired or separated participants entitled to future benefits2018-02-0126
Total of all active and inactive participants2018-02-0195
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-02-014
Total participants2018-02-0199

Financial Data on INTERFACE SEALING SOLUTIONS, INC. PENSION PLAN

Measure Date Value
2019 : INTERFACE SEALING SOLUTIONS, INC. PENSION PLAN 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets2019-01-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2019-01-31$0
Total unrealized appreciation/depreciation of assets2019-01-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-01-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-01-31$0
Expenses. Interest paid2019-01-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022019-01-31$0
Total income from all sources (including contributions)2019-01-31$-50,915
Total loss/gain on sale of assets2019-01-31$0
Total of all expenses incurred2019-01-31$173,195
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-01-31$133,006
Expenses. Certain deemed distributions of participant loans2019-01-31$0
Value of total corrective distributions2019-01-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-01-31$43,896
Value of total assets at end of year2019-01-31$2,214,853
Value of total assets at beginning of year2019-01-31$2,438,963
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-01-31$40,189
Total income from rents2019-01-31$0
Total interest from all sources2019-01-31$786
Total dividends received (eg from common stock, registered investment company shares)2019-01-31$42,820
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-01-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-01-31$42,820
Assets. Real estate other than employer real property at end of year2019-01-31$0
Assets. Real estate other than employer real property at beginning of year2019-01-31$0
Administrative expenses professional fees incurred2019-01-31$12,213
Assets. Corporate prefeered stocks other than exployer securities at end of year2019-01-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2019-01-31$0
Was this plan covered by a fidelity bond2019-01-31Yes
Value of fidelity bond cover2019-01-31$5,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-01-31$0
Were there any nonexempt tranactions with any party-in-interest2019-01-31No
Contributions received from participants2019-01-31$0
Participant contributions at end of year2019-01-31$0
Participant contributions at beginning of year2019-01-31$0
Participant contributions at end of year2019-01-31$0
Participant contributions at beginning of year2019-01-31$0
Assets. Other investments not covered elsewhere at end of year2019-01-31$0
Assets. Other investments not covered elsewhere at beginning of year2019-01-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-01-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-01-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-01-31$17,324
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-01-31$10,544
Assets. Loans (other than to participants) at end of year2019-01-31$0
Assets. Loans (other than to participants) at beginning of year2019-01-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-01-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-01-31$0
Other income not declared elsewhere2019-01-31$0
Administrative expenses (other) incurred2019-01-31$17,086
Liabilities. Value of operating payables at end of year2019-01-31$0
Liabilities. Value of operating payables at beginning of year2019-01-31$0
Total non interest bearing cash at end of year2019-01-31$0
Total non interest bearing cash at beginning of year2019-01-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-01-31No
Income. Non cash contributions2019-01-31$0
Value of net income/loss2019-01-31$-224,110
Value of net assets at end of year (total assets less liabilities)2019-01-31$2,214,853
Value of net assets at beginning of year (total assets less liabilities)2019-01-31$2,438,963
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-01-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-01-31No
Were any leases to which the plan was party in default or uncollectible2019-01-31No
Assets. partnership/joint venture interests at end of year2019-01-31$0
Assets. partnership/joint venture interests at beginning of year2019-01-31$0
Investment advisory and management fees2019-01-31$10,890
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-01-31$2,090,378
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-01-31$2,302,231
Interest on participant loans2019-01-31$0
Income. Interest from loans (other than to participants)2019-01-31$0
Interest earned on other investments2019-01-31$0
Income. Interest from US Government securities2019-01-31$0
Income. Interest from corporate debt instruments2019-01-31$0
Value of interest in master investment trust accounts at end of year2019-01-31$0
Value of interest in master investment trust accounts at beginning of year2019-01-31$0
Value of interest in common/collective trusts at end of year2019-01-31$0
Value of interest in common/collective trusts at beginning of year2019-01-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-01-31$92,519
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-01-31$72,639
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-01-31$72,639
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-01-31$786
Assets. Value of investments in 103.12 investment entities at end of year2019-01-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2019-01-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2019-01-31$0
Asset value of US Government securities at end of year2019-01-31$0
Asset value of US Government securities at beginning of year2019-01-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-01-31$-138,417
Net investment gain or loss from common/collective trusts2019-01-31$0
Net gain/loss from 103.12 investment entities2019-01-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-01-31Yes
Was there a failure to transmit to the plan any participant contributions2019-01-31No
Has the plan failed to provide any benefit when due under the plan2019-01-31No
Assets. Invements in employer securities at end of year2019-01-31$0
Assets. Invements in employer securities at beginning of year2019-01-31$0
Assets. Value of employer real property at end of year2019-01-31$0
Assets. Value of employer real property at beginning of year2019-01-31$0
Contributions received in cash from employer2019-01-31$43,896
Employer contributions (assets) at end of year2019-01-31$14,632
Employer contributions (assets) at beginning of year2019-01-31$53,549
Income. Dividends from preferred stock2019-01-31$0
Income. Dividends from common stock2019-01-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-01-31$133,006
Asset. Corporate debt instrument preferred debt at end of year2019-01-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2019-01-31$0
Asset. Corporate debt instrument debt (other) at end of year2019-01-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2019-01-31$0
Contract administrator fees2019-01-31$0
Assets. Corporate common stocks other than exployer securities at end of year2019-01-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2019-01-31$0
Liabilities. Value of benefit claims payable at end of year2019-01-31$0
Liabilities. Value of benefit claims payable at beginning of year2019-01-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2019-01-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2019-01-31$0
Did the plan have assets held for investment2019-01-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-01-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-01-31No
Aggregate proceeds on sale of assets2019-01-31$0
Aggregate carrying amount (costs) on sale of assets2019-01-31$0
Liabilities. Value of acquisition indebtedness at end of year2019-01-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2019-01-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-01-31Yes
Opinion of an independent qualified public accountant for this plan2019-01-31Disclaimer
Accountancy firm name2019-01-31BAKER TILLY VIRCHOW KRAUSE, LLC
Accountancy firm EIN2019-01-31390859910

Form 5500 Responses for INTERFACE SEALING SOLUTIONS, INC. PENSION PLAN

2018: INTERFACE SEALING SOLUTIONS, INC. PENSION PLAN 2018 form 5500 responses
2018-02-01Type of plan entitySingle employer plan
2018-02-01Submission has been amendedNo
2018-02-01This submission is the final filingNo
2018-02-01This return/report is a short plan year return/report (less than 12 months)No
2018-02-01Plan is a collectively bargained planYes
2018-02-01Plan funding arrangement – TrustYes
2018-02-01Plan benefit arrangement - TrustYes

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