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THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED 401k Plan overview

Plan NameTHE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED
Plan identification number 004

THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

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

Company Name:MAERSK, INC.
Employer identification number (EIN):135159146
NAIC Classification:483000
NAIC Description: Water Transportation

Additional information about MAERSK, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1943-02-19
Company Identification Number: 54310
Legal Registered Office Address: 28 LIBERTY STREET
NEW YORK
NEW YORK
United States of America (USA)
10005

More information about MAERSK, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042013-01-01LILLIAN KANDYBOWICZ MICHAEL COLANGELO2014-09-29
0042012-01-01LILLIAN KANDYBOWICZ MICHAEL COLANGELO2013-09-26
0042011-01-01LILLIAN KANDYBOWICZ MICHAEL J COLANGELO2012-10-08
0042009-01-01LILLIAN KANDYBOWICZ MORTEN K NICOLAISEN2010-09-30

Plan Statistics for THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED

401k plan membership statisitcs for THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED

Measure Date Value
2013: THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED 2013 401k membership
Total participants, beginning-of-year2013-01-011,033
Total number of active participants reported on line 7a of the Form 55002013-01-010
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-010
2012: THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED 2012 401k membership
Total participants, beginning-of-year2012-01-011,046
Total number of active participants reported on line 7a of the Form 55002012-01-01140
Number of retired or separated participants receiving benefits2012-01-01249
Number of other retired or separated participants entitled to future benefits2012-01-01590
Total of all active and inactive participants2012-01-01979
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-0154
Total participants2012-01-011,033
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED 2011 401k membership
Total participants, beginning-of-year2011-01-011,083
Total number of active participants reported on line 7a of the Form 55002011-01-01153
Number of retired or separated participants receiving benefits2011-01-01239
Number of other retired or separated participants entitled to future benefits2011-01-01608
Total of all active and inactive participants2011-01-011,000
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-0146
Total participants2011-01-011,046
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED 2009 401k membership
Total participants, beginning-of-year2009-01-011,147
Total number of active participants reported on line 7a of the Form 55002009-01-01200
Number of retired or separated participants receiving benefits2009-01-01245
Number of other retired or separated participants entitled to future benefits2009-01-01631
Total of all active and inactive participants2009-01-011,076
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-0136
Total participants2009-01-011,112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED

Measure Date Value
2013 : THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total transfer of assets from this plan2013-12-31$63,017,715
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$59,172
Total income from all sources (including contributions)2013-12-31$10,358,181
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$4,168,796
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$3,797,931
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$4,774,400
Value of total assets at end of year2013-12-31$0
Value of total assets at beginning of year2013-12-31$56,887,502
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$370,865
Total interest from all sources2013-12-31$253,613
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Administrative expenses professional fees incurred2013-12-31$87,183
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$5,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$0
Administrative expenses (other) incurred2013-12-31$109,311
Liabilities. Value of operating payables at end of year2013-12-31$0
Liabilities. Value of operating payables at beginning of year2013-12-31$59,172
Total non interest bearing cash at end of year2013-12-31$0
Total non interest bearing cash at beginning of year2013-12-31$177,163
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$6,189,385
Value of net assets at end of year (total assets less liabilities)2013-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$56,828,330
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$86,706
Interest earned on other investments2013-12-31$253,613
Value of interest in master investment trust accounts at end of year2013-12-31$0
Value of interest in master investment trust accounts at beginning of year2013-12-31$49,710,944
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$6,306,395
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$4,774,400
Employer contributions (assets) at end of year2013-12-31$0
Employer contributions (assets) at beginning of year2013-12-31$693,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$3,797,931
Contract administrator fees2013-12-31$87,665
Did the plan have assets held for investment2013-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31KPMG, LLP
Accountancy firm EIN2013-12-31135565207
2012 : THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$59,172
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$46,080
Total income from all sources (including contributions)2012-12-31$9,012,318
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$3,991,948
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$3,585,673
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$2,772,000
Value of total assets at end of year2012-12-31$56,887,502
Value of total assets at beginning of year2012-12-31$51,854,040
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$406,275
Total interest from all sources2012-12-31$272,228
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$145,322
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$5,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Administrative expenses (other) incurred2012-12-31$96,649
Liabilities. Value of operating payables at end of year2012-12-31$59,172
Liabilities. Value of operating payables at beginning of year2012-12-31$46,080
Total non interest bearing cash at end of year2012-12-31$177,163
Total non interest bearing cash at beginning of year2012-12-31$164,992
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$5,020,370
Value of net assets at end of year (total assets less liabilities)2012-12-31$56,828,330
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$51,807,960
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$80,995
Interest earned on other investments2012-12-31$272,228
Value of interest in master investment trust accounts at end of year2012-12-31$49,710,944
Value of interest in master investment trust accounts at beginning of year2012-12-31$43,814,429
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$6,306,395
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$6,856,619
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$2,772,000
Employer contributions (assets) at end of year2012-12-31$693,000
Employer contributions (assets) at beginning of year2012-12-31$1,018,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$3,585,673
Contract administrator fees2012-12-31$83,309
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31KPMG, LLP
Accountancy firm EIN2012-12-31135565207
2011 : THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$46,080
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$26,967
Total income from all sources (including contributions)2011-12-31$7,076,912
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$4,537,205
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$4,078,489
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,893,000
Value of total assets at end of year2011-12-31$51,854,040
Value of total assets at beginning of year2011-12-31$49,295,220
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$458,716
Total interest from all sources2011-12-31$305,084
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$153,079
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$5,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Administrative expenses (other) incurred2011-12-31$115,548
Liabilities. Value of operating payables at end of year2011-12-31$46,080
Liabilities. Value of operating payables at beginning of year2011-12-31$26,967
Total non interest bearing cash at end of year2011-12-31$164,992
Total non interest bearing cash at beginning of year2011-12-31$158,302
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$2,539,707
Value of net assets at end of year (total assets less liabilities)2011-12-31$51,807,960
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$49,268,253
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$89,438
Interest earned on other investments2011-12-31$305,084
Value of interest in master investment trust accounts at end of year2011-12-31$43,814,429
Value of interest in master investment trust accounts at beginning of year2011-12-31$39,386,688
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$6,856,619
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$7,258,230
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$2,893,000
Employer contributions (assets) at end of year2011-12-31$1,018,000
Employer contributions (assets) at beginning of year2011-12-31$2,492,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$4,078,489
Contract administrator fees2011-12-31$100,651
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31KPMG, LLP
Accountancy firm EIN2011-12-31135565207
2010 : THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$26,967
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$8,040,511
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$4,125,507
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$3,723,388
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$2,492,000
Value of total assets at end of year2010-12-31$49,295,220
Value of total assets at beginning of year2010-12-31$45,353,249
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$402,119
Total interest from all sources2010-12-31$363,418
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$143,150
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$5,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$0
Administrative expenses (other) incurred2010-12-31$97,910
Liabilities. Value of operating payables at end of year2010-12-31$26,967
Total non interest bearing cash at end of year2010-12-31$158,302
Total non interest bearing cash at beginning of year2010-12-31$146,485
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$3,915,004
Value of net assets at end of year (total assets less liabilities)2010-12-31$49,268,253
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$45,353,249
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$44,106
Interest earned on other investments2010-12-31$363,418
Value of interest in master investment trust accounts at end of year2010-12-31$39,386,688
Value of interest in master investment trust accounts at beginning of year2010-12-31$37,638,512
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$7,258,230
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$7,568,252
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$2,492,000
Employer contributions (assets) at end of year2010-12-31$2,492,000
Employer contributions (assets) at beginning of year2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$3,723,388
Contract administrator fees2010-12-31$116,953
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31KPMG, LLP
Accountancy firm EIN2010-12-31135565207

Form 5500 Responses for THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED

2013: THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED 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 filingYes
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 benefit arrangement – InsuranceYes
2012: THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan benefit arrangement – InsuranceYes
2011: THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan benefit arrangement – InsuranceYes
2009: THE CASH BALANCE PLAN OF P & O NEDLLOYD LIMITED 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 benefit arrangement – InsuranceYes

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