401k Plan data: MCKENICA EMPLOYEES' RETIREMENT PLAN plan

MCKENICA EMPLOYEES' RETIREMENT PLAN 401k Plan overview

Plan Name	MCKENICA EMPLOYEES' RETIREMENT PLAN
Plan identification number	030

MCKENICA EMPLOYEES' RETIREMENT PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
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

API HEAT TRANSFER has sponsored the creation of one or more 401k plans.

Company Name: API HEAT TRANSFER

Employer identification number (EIN): 202881058

NAIC Classification: 335900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MCKENICA EMPLOYEES' RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
030 2020-12-01

Plan Statistics for MCKENICA EMPLOYEES' RETIREMENT PLAN

401k plan membership statisitcs for MCKENICA EMPLOYEES' RETIREMENT PLAN

Measure Date Value
2021: MCKENICA EMPLOYEES' RETIREMENT PLAN 2021 401k membership
Market value of plan assets 2021-11-30 1,248,124
Acturial value of plan assets 2021-11-30 1,248,124
Funding target for retired participants and beneficiaries receiving payment 2021-11-30 547,110
Number of terminated vested participants 2021-11-30 56
Fundng target for terminated vested participants 2021-11-30 1,328,414
Active participant vested funding target 2021-11-30 0
Number of active participants 2021-11-30 0
Total funding liabilities for active participants 2021-11-30 0
Total participant count 2021-11-30 69
Total funding target for all participants 2021-11-30 1,875,524
Balance at beginning of prior year after applicable adjustments 2021-11-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-11-30 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-11-30 0
Prefunding balanced used to offset prior years funding requirement 2021-11-30 0
Amount remaining of carryover balance 2021-11-30 0
Amount remaining of prefunding balance 2021-11-30 0
Present value of excess contributions 2021-11-30 681
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-11-30 719
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-11-30 719
Reductions in caryover balances due to elections or deemed elections 2021-11-30 0
Reductions in prefunding balances due to elections or deemed elections 2021-11-30 0
Balance of carryovers at beginning of current year 2021-11-30 0
Balance of prefunding at beginning of current year 2021-11-30 719
Total employer contributions 2021-11-30 114,000
Total employee contributions 2021-11-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-11-30 0
Contributions made to avoid restrictions adjusted to valuation date 2021-11-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-11-30 100,031
Liquidity shortfalls end of Q1 2021-11-30 0
Liquidity shortfalls end of Q2 2021-11-30 0
Liquidity shortfalls end of Q3 2021-11-30 0
Liquidity shortfalls end of Q4 2021-11-30 0
Unpaid minimum required contributions for all prior years 2021-11-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-11-30 0
Remaining amount of unpaid minimum required contributions 2021-11-30 0
Minimum required contributions for current year target normal cost 2021-11-30 38,786
Net shortfall amortization installment of oustanding balance 2021-11-30 627,400
Total funding amount beforereflecting carryover/prefunding balances 2021-11-30 99,981
Additional cash requirement 2021-11-30 99,981
Contributions allocatedtoward minimum required contributions for current year 2021-11-30 100,031
Unpaid minimum required contributions for current year 2021-11-30 0
Unpaid minimum required contributions for all years 2021-11-30 0

Measure	Date	Value
2021: MCKENICA EMPLOYEES' RETIREMENT PLAN 2021 401k membership
Market value of plan assets	2021-11-30	1,248,124
Acturial value of plan assets	2021-11-30	1,248,124
Funding target for retired participants and beneficiaries receiving payment	2021-11-30	547,110
Number of terminated vested participants	2021-11-30	56
Fundng target for terminated vested participants	2021-11-30	1,328,414
Active participant vested funding target	2021-11-30	0
Number of active participants	2021-11-30	0
Total funding liabilities for active participants	2021-11-30	0
Total participant count	2021-11-30	69
Total funding target for all participants	2021-11-30	1,875,524
Balance at beginning of prior year after applicable adjustments	2021-11-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-11-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-11-30	0
Prefunding balanced used to offset prior years funding requirement	2021-11-30	0
Amount remaining of carryover balance	2021-11-30	0
Amount remaining of prefunding balance	2021-11-30	0
Present value of excess contributions	2021-11-30	681
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-11-30	719
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-11-30	719
Reductions in caryover balances due to elections or deemed elections	2021-11-30	0
Reductions in prefunding balances due to elections or deemed elections	2021-11-30	0
Balance of carryovers at beginning of current year	2021-11-30	0
Balance of prefunding at beginning of current year	2021-11-30	719
Total employer contributions	2021-11-30	114,000
Total employee contributions	2021-11-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-11-30	0
Contributions made to avoid restrictions adjusted to valuation date	2021-11-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-11-30	100,031
Liquidity shortfalls end of Q1	2021-11-30	0
Liquidity shortfalls end of Q2	2021-11-30	0
Liquidity shortfalls end of Q3	2021-11-30	0
Liquidity shortfalls end of Q4	2021-11-30	0
Unpaid minimum required contributions for all prior years	2021-11-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-11-30	0
Remaining amount of unpaid minimum required contributions	2021-11-30	0
Minimum required contributions for current year target normal cost	2021-11-30	38,786
Net shortfall amortization installment of oustanding balance	2021-11-30	627,400
Total funding amount beforereflecting carryover/prefunding balances	2021-11-30	99,981
Additional cash requirement	2021-11-30	99,981
Contributions allocatedtoward minimum required contributions for current year	2021-11-30	100,031
Unpaid minimum required contributions for current year	2021-11-30	0
Unpaid minimum required contributions for all years	2021-11-30	0

Potentially related plans

MCKENICA EMPLOYEES' RETIREMENT PLAN [EIN = 202281058]

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Company Name:	API HEAT TRANSFER
Employer identification number (EIN):	202881058
NAIC Classification:	335900