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TGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameTGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN
Plan identification number 001

TGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

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

Company Name:TGW SYSTEMS, INC.
Employer identification number (EIN):203056285
NAIC Classification:333200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-09-01THOMAS L BERGY2021-06-08
0012018-09-01THOMAS L BERGY2020-06-01
0012017-09-01THOMAS L BERGY2019-06-13
0012016-09-01THOMAS L BERGY2018-06-11
0012015-09-01THOMAS L BERGY2017-06-13
0012014-09-01THOMAS L BERGY2016-06-10
0012013-09-01THOMAS L BERGY2015-06-03
0012012-09-01THOMAS L BERGY2014-06-17
0012009-09-01THOMAS BERGY

Plan Statistics for TGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for TGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN

Measure Date Value
2020: TGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-08-313,757,531
Acturial value of plan assets2020-08-313,803,693
Funding target for retired participants and beneficiaries receiving payment2020-08-31423,168
Number of terminated vested participants2020-08-3121
Fundng target for terminated vested participants2020-08-31695,721
Active participant vested funding target2020-08-311,613,459
Number of active participants2020-08-3122
Total funding liabilities for active participants2020-08-311,613,459
Total participant count2020-08-3155
Total funding target for all participants2020-08-312,732,348
Balance at beginning of prior year after applicable adjustments2020-08-310
Prefunding balance at beginning of prior year after applicable adjustments2020-08-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-08-310
Prefunding balanced used to offset prior years funding requirement2020-08-310
Amount remaining of carryover balance2020-08-310
Amount remaining of prefunding balance2020-08-310
Present value of excess contributions2020-08-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-08-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-08-310
Reductions in caryover balances due to elections or deemed elections2020-08-310
Reductions in prefunding balances due to elections or deemed elections2020-08-310
Balance of carryovers at beginning of current year2020-08-310
Balance of prefunding at beginning of current year2020-08-310
Total employer contributions2020-08-310
Total employee contributions2020-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-08-310
Contributions made to avoid restrictions adjusted to valuation date2020-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-08-310
Unpaid minimum required contributions for all prior years2020-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-08-310
Remaining amount of unpaid minimum required contributions2020-08-310
Minimum required contributions for current year target normal cost2020-08-3181,495
Net shortfall amortization installment of oustanding balance2020-08-310
Waiver amortization installment2020-08-310
Total funding amount beforereflecting carryover/prefunding balances2020-08-310
Carryover balance elected to use to offset funding requirement2020-08-310
Prefunding balance elected to use to offset funding requirement2020-08-310
Additional cash requirement2020-08-310
Contributions allocatedtoward minimum required contributions for current year2020-08-310
Unpaid minimum required contributions for current year2020-08-310
Unpaid minimum required contributions for all years2020-08-310
2019: TGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-08-314,231,444
Acturial value of plan assets2019-08-314,156,230
Funding target for retired participants and beneficiaries receiving payment2019-08-31417,533
Number of terminated vested participants2019-08-3119
Fundng target for terminated vested participants2019-08-31477,960
Active participant vested funding target2019-08-312,094,688
Number of active participants2019-08-3130
Total funding liabilities for active participants2019-08-312,094,688
Total participant count2019-08-3161
Total funding target for all participants2019-08-312,990,181
Balance at beginning of prior year after applicable adjustments2019-08-310
Prefunding balance at beginning of prior year after applicable adjustments2019-08-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-08-310
Prefunding balanced used to offset prior years funding requirement2019-08-310
Amount remaining of carryover balance2019-08-310
Amount remaining of prefunding balance2019-08-310
Present value of excess contributions2019-08-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-08-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-08-310
Reductions in caryover balances due to elections or deemed elections2019-08-310
Reductions in prefunding balances due to elections or deemed elections2019-08-310
Balance of carryovers at beginning of current year2019-08-310
Balance of prefunding at beginning of current year2019-08-310
Total employer contributions2019-08-310
Total employee contributions2019-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-08-310
Contributions made to avoid restrictions adjusted to valuation date2019-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-08-310
Unpaid minimum required contributions for all prior years2019-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-08-310
Remaining amount of unpaid minimum required contributions2019-08-310
Minimum required contributions for current year target normal cost2019-08-31114,378
Net shortfall amortization installment of oustanding balance2019-08-310
Waiver amortization installment2019-08-310
Total funding amount beforereflecting carryover/prefunding balances2019-08-310
Carryover balance elected to use to offset funding requirement2019-08-310
Prefunding balance elected to use to offset funding requirement2019-08-310
Additional cash requirement2019-08-310
Contributions allocatedtoward minimum required contributions for current year2019-08-310
Unpaid minimum required contributions for current year2019-08-310
Unpaid minimum required contributions for all years2019-08-310
2018: TGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-08-314,231,505
Acturial value of plan assets2018-08-314,158,846
Funding target for retired participants and beneficiaries receiving payment2018-08-31408,447
Number of terminated vested participants2018-08-3120
Fundng target for terminated vested participants2018-08-31424,170
Active participant vested funding target2018-08-311,948,256
Number of active participants2018-08-3133
Total funding liabilities for active participants2018-08-311,948,256
Total participant count2018-08-3165
Total funding target for all participants2018-08-312,780,873
Balance at beginning of prior year after applicable adjustments2018-08-310
Prefunding balance at beginning of prior year after applicable adjustments2018-08-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-08-310
Prefunding balanced used to offset prior years funding requirement2018-08-310
Amount remaining of carryover balance2018-08-310
Amount remaining of prefunding balance2018-08-310
Present value of excess contributions2018-08-311,018,222
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-08-311,081,454
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-08-310
Reductions in caryover balances due to elections or deemed elections2018-08-310
Reductions in prefunding balances due to elections or deemed elections2018-08-310
Balance of carryovers at beginning of current year2018-08-310
Balance of prefunding at beginning of current year2018-08-310
Total employer contributions2018-08-310
Total employee contributions2018-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-08-310
Contributions made to avoid restrictions adjusted to valuation date2018-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-08-310
Unpaid minimum required contributions for all prior years2018-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-08-310
Remaining amount of unpaid minimum required contributions2018-08-310
Minimum required contributions for current year target normal cost2018-08-31113,805
Net shortfall amortization installment of oustanding balance2018-08-310
Waiver amortization installment2018-08-310
Total funding amount beforereflecting carryover/prefunding balances2018-08-310
Carryover balance elected to use to offset funding requirement2018-08-310
Prefunding balance elected to use to offset funding requirement2018-08-310
Additional cash requirement2018-08-310
Contributions allocatedtoward minimum required contributions for current year2018-08-310
Unpaid minimum required contributions for current year2018-08-310
Unpaid minimum required contributions for all years2018-08-310
2017: TGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-08-313,224,954
Acturial value of plan assets2017-08-313,283,890
Funding target for retired participants and beneficiaries receiving payment2017-08-31393,774
Number of terminated vested participants2017-08-3117
Fundng target for terminated vested participants2017-08-31196,525
Active participant vested funding target2017-08-312,091,060
Number of active participants2017-08-3140
Total funding liabilities for active participants2017-08-312,091,060
Total participant count2017-08-3169
Total funding target for all participants2017-08-312,681,359
Balance at beginning of prior year after applicable adjustments2017-08-310
Prefunding balance at beginning of prior year after applicable adjustments2017-08-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-08-310
Prefunding balanced used to offset prior years funding requirement2017-08-310
Amount remaining of carryover balance2017-08-310
Amount remaining of prefunding balance2017-08-310
Present value of excess contributions2017-08-31110,209
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-08-31117,273
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-08-310
Reductions in caryover balances due to elections or deemed elections2017-08-310
Reductions in prefunding balances due to elections or deemed elections2017-08-310
Balance of carryovers at beginning of current year2017-08-310
Balance of prefunding at beginning of current year2017-08-310
Total employer contributions2017-08-311,120,000
Total employee contributions2017-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-08-310
Contributions made to avoid restrictions adjusted to valuation date2017-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-08-311,018,222
Unpaid minimum required contributions for all prior years2017-08-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-08-310
Remaining amount of unpaid minimum required contributions2017-08-310
Minimum required contributions for current year target normal cost2017-08-31137,094
Net shortfall amortization installment of oustanding balance2017-08-310
Waiver amortization installment2017-08-310
Total funding amount beforereflecting carryover/prefunding balances2017-08-310
Carryover balance elected to use to offset funding requirement2017-08-310
Prefunding balance elected to use to offset funding requirement2017-08-310
Additional cash requirement2017-08-310
Contributions allocatedtoward minimum required contributions for current year2017-08-311,018,222
Unpaid minimum required contributions for current year2017-08-310
Unpaid minimum required contributions for all years2017-08-310
2009: TGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-09-0189
Total number of active participants reported on line 7a of the Form 55002009-09-0163
Number of retired or separated participants receiving benefits2009-09-017
Number of other retired or separated participants entitled to future benefits2009-09-0119
Total of all active and inactive participants2009-09-0189
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-09-010
Total participants2009-09-0189
Number of participants with account balances2009-09-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-09-010

Financial Data on TGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN

Measure Date Value
2012 : TGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN 2012 401k financial data
Transfers to/from the plan2012-08-31$0
Total plan liabilities at end of year2012-08-31$0
Total plan liabilities at beginning of year2012-08-31$0
Total income from all sources2012-08-31$581,685
Expenses. Total of all expenses incurred2012-08-31$15,657
Benefits paid (including direct rollovers)2012-08-31$15,657
Total plan assets at end of year2012-08-31$2,100,344
Total plan assets at beginning of year2012-08-31$1,534,315
Value of fidelity bond covering the plan2012-08-31$0
Assets. Value of tangible personal property2012-08-31$0
Total contributions received or receivable from participants2012-08-31$0
Assets. Value of loans (other than to participants)2012-08-31$0
Expenses. Other expenses not covered elsewhere2012-08-31$0
Contributions received from other sources (not participants or employers)2012-08-31$0
Other income received2012-08-31$201,685
Noncash contributions received2012-08-31$0
Net income (gross income less expenses)2012-08-31$566,028
Net plan assets at end of year (total assets less liabilities)2012-08-31$2,100,344
Net plan assets at beginning of year (total assets less liabilities)2012-08-31$1,534,315
Assets. Value of participant loans2012-08-31$0
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2012-08-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2012-08-31$0
Assets. Value of assets in partnership/joint-venture interests2012-08-31$0
Assets. Value of real-estate (other than employer real property)2012-08-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022012-08-31$0
Assets. Value of employer securities2012-08-31$0
Assets. Value of employer real property2012-08-31$0
Total contributions received or receivable from employer(s)2012-08-31$380,000
Value of certain deemed distributions of participant loans2012-08-31$0
Value of corrective distributions2012-08-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-08-31$0
2011 : TGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN 2011 401k financial data
Transfers to/from the plan2011-08-31$0
Total plan liabilities at end of year2011-08-31$0
Total plan liabilities at beginning of year2011-08-31$0
Total income from all sources2011-08-31$1,502,550
Expenses. Total of all expenses incurred2011-08-31$1,146,769
Benefits paid (including direct rollovers)2011-08-31$100,270
Total plan assets at end of year2011-08-31$1,536,062
Total plan assets at beginning of year2011-08-31$1,332,735
Value of fidelity bond covering the plan2011-08-31$1,000,000
Assets. Value of tangible personal property2011-08-31$0
Total contributions received or receivable from participants2011-08-31$0
Assets. Value of loans (other than to participants)2011-08-31$0
Expenses. Other expenses not covered elsewhere2011-08-31$1,046,499
Contributions received from other sources (not participants or employers)2011-08-31$0
Other income received2011-08-31$163,597
Noncash contributions received2011-08-31$1,046,499
Net income (gross income less expenses)2011-08-31$355,781
Net plan assets at end of year (total assets less liabilities)2011-08-31$1,536,062
Net plan assets at beginning of year (total assets less liabilities)2011-08-31$1,332,735
Assets. Value of participant loans2011-08-31$0
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2011-08-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2011-08-31$0
Assets. Value of assets in partnership/joint-venture interests2011-08-31$0
Assets. Value of real-estate (other than employer real property)2011-08-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022011-08-31$0
Assets. Value of employer securities2011-08-31$0
Assets. Value of employer real property2011-08-31$0
Total contributions received or receivable from employer(s)2011-08-31$292,454
Value of certain deemed distributions of participant loans2011-08-31$0
Value of corrective distributions2011-08-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-08-31$0

Form 5500 Responses for TGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN

2009: TGW SYSTEMS INC DEFINED BENEFIT PENSION PLAN 2009 form 5500 responses
2009-09-01Type of plan entitySingle employer plan
2009-09-01Submission has been amendedNo
2009-09-01This submission is the final filingNo
2009-09-01This return/report is a short plan year return/report (less than 12 months)No
2009-09-01Plan is a collectively bargained planYes
2009-09-01Plan funding arrangement – TrustYes
2009-09-01Plan benefit arrangement - TrustYes

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