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GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN 401k Plan overview

Plan NameGLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN
Plan identification number 005

GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES 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).
  • 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).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

GLOBE METALLURGICAL INC. has sponsored the creation of one or more 401k plans.

Company Name:GLOBE METALLURGICAL INC.
Employer identification number (EIN):205573569
NAIC Classification:332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052021-07-01LUCAS NICELY2023-04-17
0052020-07-01LUCAS NICELY2022-04-18
0052019-07-01LUCAS NICELY2021-04-15
0052018-07-01LUCAS NICELY2020-05-13
0052017-07-01LUCAS NICELY2019-04-01
0052016-07-01LUCAS NICELY2018-04-10
0052015-07-01JAY S. SMITH2017-04-05
0052014-07-01JAY S. SMITH2016-04-15
0052013-07-01JAY S. SMITH2015-04-10
0052012-07-01JAY S. SMITH2014-04-15
0052011-07-01RICHARD W. CLARK2013-04-12
0052010-07-01RICHARD W. CLARK
0052009-07-01RICHARD W. CLARK RICHARD W. CLARK2011-03-30

Plan Statistics for GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN

401k plan membership statisitcs for GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN

Measure Date Value
2021: GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN 2021 401k membership
Market value of plan assets2021-06-301,408,634
Acturial value of plan assets2021-06-301,374,257
Funding target for retired participants and beneficiaries receiving payment2021-06-30894,033
Number of terminated vested participants2021-06-3024
Fundng target for terminated vested participants2021-06-30458,781
Active participant vested funding target2021-06-300
Number of active participants2021-06-300
Total funding liabilities for active participants2021-06-300
Total participant count2021-06-3072
Total funding target for all participants2021-06-301,352,814
Balance at beginning of prior year after applicable adjustments2021-06-300
Prefunding balance at beginning of prior year after applicable adjustments2021-06-304,327
Carryover balanced portion elected for use to offset prior years funding requirement2021-06-300
Prefunding balanced used to offset prior years funding requirement2021-06-300
Amount remaining of carryover balance2021-06-300
Amount remaining of prefunding balance2021-06-304,327
Present value of excess contributions2021-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-06-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-06-300
Reductions in caryover balances due to elections or deemed elections2021-06-300
Reductions in prefunding balances due to elections or deemed elections2021-06-300
Balance of carryovers at beginning of current year2021-06-300
Balance of prefunding at beginning of current year2021-06-304,697
Total employer contributions2021-06-305,191
Total employee contributions2021-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-06-300
Contributions made to avoid restrictions adjusted to valuation date2021-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-06-304,868
Unpaid minimum required contributions for all prior years2021-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-06-300
Remaining amount of unpaid minimum required contributions2021-06-300
Minimum required contributions for current year target normal cost2021-06-3011,932
Net shortfall amortization installment of oustanding balance2021-06-300
Waiver amortization installment2021-06-300
Total funding amount beforereflecting carryover/prefunding balances2021-06-300
Carryover balance elected to use to offset funding requirement2021-06-300
Prefunding balance elected to use to offset funding requirement2021-06-300
Additional cash requirement2021-06-300
Contributions allocatedtoward minimum required contributions for current year2021-06-304,868
Unpaid minimum required contributions for current year2021-06-300
Unpaid minimum required contributions for all years2021-06-300
2020: GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN 2020 401k membership
Market value of plan assets2020-06-301,381,817
Acturial value of plan assets2020-06-301,356,205
Funding target for retired participants and beneficiaries receiving payment2020-06-30790,631
Number of terminated vested participants2020-06-3030
Fundng target for terminated vested participants2020-06-30547,659
Active participant vested funding target2020-06-300
Number of active participants2020-06-300
Total funding liabilities for active participants2020-06-300
Total participant count2020-06-3074
Total funding target for all participants2020-06-301,338,290
Balance at beginning of prior year after applicable adjustments2020-06-300
Prefunding balance at beginning of prior year after applicable adjustments2020-06-3012,010
Carryover balanced portion elected for use to offset prior years funding requirement2020-06-300
Prefunding balanced used to offset prior years funding requirement2020-06-300
Amount remaining of carryover balance2020-06-300
Amount remaining of prefunding balance2020-06-3012,010
Present value of excess contributions2020-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-06-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-06-300
Reductions in caryover balances due to elections or deemed elections2020-06-300
Reductions in prefunding balances due to elections or deemed elections2020-06-308,787
Balance of carryovers at beginning of current year2020-06-300
Balance of prefunding at beginning of current year2020-06-304,327
Total employer contributions2020-06-300
Total employee contributions2020-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-06-300
Contributions made to avoid restrictions adjusted to valuation date2020-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-06-300
Unpaid minimum required contributions for all prior years2020-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-06-300
Remaining amount of unpaid minimum required contributions2020-06-300
Minimum required contributions for current year target normal cost2020-06-3013,588
Net shortfall amortization installment of oustanding balance2020-06-300
Waiver amortization installment2020-06-300
Total funding amount beforereflecting carryover/prefunding balances2020-06-300
Carryover balance elected to use to offset funding requirement2020-06-300
Prefunding balance elected to use to offset funding requirement2020-06-300
Additional cash requirement2020-06-300
Contributions allocatedtoward minimum required contributions for current year2020-06-300
Unpaid minimum required contributions for current year2020-06-300
Unpaid minimum required contributions for all years2020-06-300
2019: GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN 2019 401k membership
Market value of plan assets2019-06-301,340,414
Acturial value of plan assets2019-06-301,323,111
Funding target for retired participants and beneficiaries receiving payment2019-06-30659,812
Number of terminated vested participants2019-06-3036
Fundng target for terminated vested participants2019-06-30625,074
Active participant vested funding target2019-06-300
Number of active participants2019-06-300
Total funding liabilities for active participants2019-06-300
Total participant count2019-06-3074
Total funding target for all participants2019-06-301,284,886
Balance at beginning of prior year after applicable adjustments2019-06-300
Prefunding balance at beginning of prior year after applicable adjustments2019-06-3011,270
Carryover balanced portion elected for use to offset prior years funding requirement2019-06-300
Prefunding balanced used to offset prior years funding requirement2019-06-300
Amount remaining of carryover balance2019-06-300
Amount remaining of prefunding balance2019-06-3011,270
Present value of excess contributions2019-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-06-300
Balance of carryovers at beginning of current year2019-06-300
Balance of prefunding at beginning of current year2019-06-3012,010
Total employer contributions2019-06-300
Total employee contributions2019-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-06-300
Contributions made to avoid restrictions adjusted to valuation date2019-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-06-300
Unpaid minimum required contributions for all prior years2019-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-06-300
Remaining amount of unpaid minimum required contributions2019-06-300
Minimum required contributions for current year target normal cost2019-06-3025,333
Net shortfall amortization installment of oustanding balance2019-06-300
Waiver amortization installment2019-06-300
Total funding amount beforereflecting carryover/prefunding balances2019-06-300
Carryover balance elected to use to offset funding requirement2019-06-300
Prefunding balance elected to use to offset funding requirement2019-06-300
Additional cash requirement2019-06-300
Contributions allocatedtoward minimum required contributions for current year2019-06-300
Unpaid minimum required contributions for current year2019-06-300
Unpaid minimum required contributions for all years2019-06-300
2018: GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN 2018 401k membership
Market value of plan assets2018-06-301,337,871
Acturial value of plan assets2018-06-301,314,132
Funding target for retired participants and beneficiaries receiving payment2018-06-30601,035
Number of terminated vested participants2018-06-3042
Fundng target for terminated vested participants2018-06-30668,489
Active participant vested funding target2018-06-300
Number of active participants2018-06-300
Total funding liabilities for active participants2018-06-300
Total participant count2018-06-3077
Total funding target for all participants2018-06-301,269,524
Balance at beginning of prior year after applicable adjustments2018-06-300
Prefunding balance at beginning of prior year after applicable adjustments2018-06-3010,186
Carryover balanced portion elected for use to offset prior years funding requirement2018-06-300
Prefunding balanced used to offset prior years funding requirement2018-06-300
Amount remaining of carryover balance2018-06-300
Amount remaining of prefunding balance2018-06-3010,186
Present value of excess contributions2018-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-06-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-06-300
Reductions in caryover balances due to elections or deemed elections2018-06-300
Reductions in prefunding balances due to elections or deemed elections2018-06-300
Balance of carryovers at beginning of current year2018-06-300
Balance of prefunding at beginning of current year2018-06-3011,270
Total employer contributions2018-06-300
Total employee contributions2018-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-06-300
Contributions made to avoid restrictions adjusted to valuation date2018-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-06-300
Unpaid minimum required contributions for all prior years2018-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-06-300
Remaining amount of unpaid minimum required contributions2018-06-300
Minimum required contributions for current year target normal cost2018-06-3010,440
Net shortfall amortization installment of oustanding balance2018-06-300
Waiver amortization installment2018-06-300
Total funding amount beforereflecting carryover/prefunding balances2018-06-300
Carryover balance elected to use to offset funding requirement2018-06-300
Prefunding balance elected to use to offset funding requirement2018-06-300
Additional cash requirement2018-06-300
Contributions allocatedtoward minimum required contributions for current year2018-06-300
Unpaid minimum required contributions for current year2018-06-300
Unpaid minimum required contributions for all years2018-06-300
2017: GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN 2017 401k membership
Market value of plan assets2017-06-301,270,469
Acturial value of plan assets2017-06-301,310,221
Funding target for retired participants and beneficiaries receiving payment2017-06-30512,856
Number of terminated vested participants2017-06-3047
Fundng target for terminated vested participants2017-06-30740,311
Active participant vested funding target2017-06-300
Number of active participants2017-06-300
Total funding liabilities for active participants2017-06-300
Total participant count2017-06-3078
Total funding target for all participants2017-06-301,253,167
Balance at beginning of prior year after applicable adjustments2017-06-300
Prefunding balance at beginning of prior year after applicable adjustments2017-06-309,740
Carryover balanced portion elected for use to offset prior years funding requirement2017-06-300
Prefunding balanced used to offset prior years funding requirement2017-06-300
Amount remaining of carryover balance2017-06-300
Amount remaining of prefunding balance2017-06-309,740
Present value of excess contributions2017-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-06-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-06-300
Reductions in caryover balances due to elections or deemed elections2017-06-300
Reductions in prefunding balances due to elections or deemed elections2017-06-300
Balance of carryovers at beginning of current year2017-06-300
Balance of prefunding at beginning of current year2017-06-3010,186
Total employer contributions2017-06-300
Total employee contributions2017-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-06-300
Contributions made to avoid restrictions adjusted to valuation date2017-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-06-300
Unpaid minimum required contributions for all prior years2017-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-06-300
Remaining amount of unpaid minimum required contributions2017-06-300
Minimum required contributions for current year target normal cost2017-06-3014,203
Net shortfall amortization installment of oustanding balance2017-06-300
Waiver amortization installment2017-06-300
Total funding amount beforereflecting carryover/prefunding balances2017-06-300
Carryover balance elected to use to offset funding requirement2017-06-300
Prefunding balance elected to use to offset funding requirement2017-06-300
Additional cash requirement2017-06-300
Contributions allocatedtoward minimum required contributions for current year2017-06-300
Unpaid minimum required contributions for current year2017-06-300
Unpaid minimum required contributions for all years2017-06-300
2010: GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN 2010 401k membership
Total participants, beginning-of-year2010-07-0184
Total number of active participants reported on line 7a of the Form 55002010-07-010
Number of retired or separated participants receiving benefits2010-07-0123
Number of other retired or separated participants entitled to future benefits2010-07-0159
Total of all active and inactive participants2010-07-0182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-07-012
Total participants2010-07-0184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-07-010
2009: GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-07-0185
Total number of active participants reported on line 7a of the Form 55002009-07-010
Number of retired or separated participants receiving benefits2009-07-0122
Number of other retired or separated participants entitled to future benefits2009-07-0160
Total of all active and inactive participants2009-07-0182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-07-012
Total participants2009-07-0184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-07-010

Financial Data on GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN

Measure Date Value
2011 : GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN 2011 401k financial data
Total income from all sources2011-06-30$210,431
Expenses. Total of all expenses incurred2011-06-30$51,102
Benefits paid (including direct rollovers)2011-06-30$37,441
Total plan assets at end of year2011-06-30$949,255
Total plan assets at beginning of year2011-06-30$789,926
Value of fidelity bond covering the plan2011-06-30$500,000
Other income received2011-06-30$142,091
Net income (gross income less expenses)2011-06-30$159,329
Net plan assets at end of year (total assets less liabilities)2011-06-30$949,255
Net plan assets at beginning of year (total assets less liabilities)2011-06-30$789,926
Total contributions received or receivable from employer(s)2011-06-30$68,340
Expenses. Administrative service providers (salaries,fees and commissions)2011-06-30$13,661
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-06-30$0
2010 : GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-06-30$0

Form 5500 Responses for GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN

2010: GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN 2010 form 5500 responses
2010-07-01Type of plan entitySingle employer plan
2010-07-01Submission has been amendedNo
2010-07-01This submission is the final filingNo
2010-07-01This return/report is a short plan year return/report (less than 12 months)No
2010-07-01Plan is a collectively bargained planNo
2010-07-01Plan funding arrangement – TrustYes
2010-07-01Plan benefit arrangement - TrustYes
2009: GLOBE METALLURGICAL, INC. NIAGARA FALLS HOURLY EMPLOYEES PENSION PLAN 2009 form 5500 responses
2009-07-01Type of plan entitySingle employer plan
2009-07-01Submission has been amendedNo
2009-07-01This submission is the final filingNo
2009-07-01This return/report is a short plan year return/report (less than 12 months)No
2009-07-01Plan is a collectively bargained planYes
2009-07-01Plan funding arrangement – TrustYes
2009-07-01Plan benefit arrangement - TrustYes

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