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PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 401k Plan overview

Plan NamePENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN
Plan identification number 502

PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)

401k Sponsoring company profile

PENNSYLVANIA PRECISION CAST PARTS, INC. has sponsored the creation of one or more 401k plans.

Company Name:PENNSYLVANIA PRECISION CAST PARTS, INC.
Employer identification number (EIN):232227127
NAIC Classification:332210

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5022022-01-01
5022021-01-01
5022020-01-01
5022019-01-01
5022018-01-01
5022017-01-01BRANDEN HIBSHMAN
5022016-01-01BRANDEN HIBSHMAN

Plan Statistics for PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN

401k plan membership statisitcs for PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN

Measure Date Value
2022: PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0170
Total number of active participants reported on line 7a of the Form 55002022-01-0175
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-0175
2021: PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0171
Total number of active participants reported on line 7a of the Form 55002021-01-0170
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-0170
2020: PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0184
Total number of active participants reported on line 7a of the Form 55002020-01-0171
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-0171
2019: PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0182
Total number of active participants reported on line 7a of the Form 55002019-01-0184
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-0184
2018: PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0176
Total number of active participants reported on line 7a of the Form 55002018-01-0182
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-0182
2017: PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0175
Total number of active participants reported on line 7a of the Form 55002017-01-0176
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-0176
2016: PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01101
Total number of active participants reported on line 7a of the Form 55002016-01-0175
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-0175

Financial Data on PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN

Measure Date Value
2022 : PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$108,321
Total plan liabilities at beginning of year2022-12-31$102,813
Total income from all sources2022-12-31$1,213,036
Expenses. Total of all expenses incurred2022-12-31$1,186,969
Benefits paid (including direct rollovers)2022-12-31$770,213
Total plan assets at end of year2022-12-31$392,352
Total plan assets at beginning of year2022-12-31$360,777
Value of fidelity bond covering the plan2022-12-31$300,000
Total contributions received or receivable from participants2022-12-31$288,420
Expenses. Other expenses not covered elsewhere2022-12-31$291,338
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$972
Net income (gross income less expenses)2022-12-31$26,067
Net plan assets at end of year (total assets less liabilities)2022-12-31$284,031
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$257,964
Total contributions received or receivable from employer(s)2022-12-31$923,644
Value of corrective distributions2022-12-31$120,000
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$5,418
2021 : PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$102,813
Total plan liabilities at beginning of year2021-12-31$91,859
Total income from all sources2021-12-31$1,114,037
Expenses. Total of all expenses incurred2021-12-31$1,064,616
Benefits paid (including direct rollovers)2021-12-31$680,161
Total plan assets at end of year2021-12-31$360,777
Total plan assets at beginning of year2021-12-31$300,402
Value of fidelity bond covering the plan2021-12-31$300,000
Total contributions received or receivable from participants2021-12-31$263,245
Expenses. Other expenses not covered elsewhere2021-12-31$251,154
Other income received2021-12-31$838
Net income (gross income less expenses)2021-12-31$49,421
Net plan assets at end of year (total assets less liabilities)2021-12-31$257,964
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$208,543
Total contributions received or receivable from employer(s)2021-12-31$849,954
Value of corrective distributions2021-12-31$110,000
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$23,301
2020 : PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$91,859
Total plan liabilities at beginning of year2020-12-31$103,937
Total income from all sources2020-12-31$1,226,606
Expenses. Total of all expenses incurred2020-12-31$1,079,419
Benefits paid (including direct rollovers)2020-12-31$729,032
Total plan assets at end of year2020-12-31$300,402
Total plan assets at beginning of year2020-12-31$165,293
Value of fidelity bond covering the plan2020-12-31$300,000
Total contributions received or receivable from participants2020-12-31$294,767
Expenses. Other expenses not covered elsewhere2020-12-31$264,185
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$661
Net income (gross income less expenses)2020-12-31$147,187
Net plan assets at end of year (total assets less liabilities)2020-12-31$208,543
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$61,356
Total contributions received or receivable from employer(s)2020-12-31$931,178
Value of corrective distributions2020-12-31$60,000
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$26,202
2019 : PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$103,937
Total plan liabilities at beginning of year2019-12-31$100,469
Total income from all sources2019-12-31$1,275,068
Expenses. Total of all expenses incurred2019-12-31$1,295,886
Benefits paid (including direct rollovers)2019-12-31$880,513
Total plan assets at end of year2019-12-31$165,293
Total plan assets at beginning of year2019-12-31$182,643
Value of fidelity bond covering the plan2019-12-31$300,000
Total contributions received or receivable from participants2019-12-31$287,676
Expenses. Other expenses not covered elsewhere2019-12-31$258,843
Other income received2019-12-31$613
Net income (gross income less expenses)2019-12-31$-20,818
Net plan assets at end of year (total assets less liabilities)2019-12-31$61,356
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$82,174
Total contributions received or receivable from employer(s)2019-12-31$986,779
Value of corrective distributions2019-12-31$120,000
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$36,530
2018 : PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$100,469
Total plan liabilities at beginning of year2018-12-31$107,756
Total income from all sources2018-12-31$1,103,622
Expenses. Total of all expenses incurred2018-12-31$1,037,059
Benefits paid (including direct rollovers)2018-12-31$760,708
Total plan assets at end of year2018-12-31$182,643
Total plan assets at beginning of year2018-12-31$123,367
Value of fidelity bond covering the plan2018-12-31$300,000
Total contributions received or receivable from participants2018-12-31$255,815
Expenses. Other expenses not covered elsewhere2018-12-31$242,111
Other income received2018-12-31$407
Net income (gross income less expenses)2018-12-31$66,563
Net plan assets at end of year (total assets less liabilities)2018-12-31$82,174
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$15,611
Total contributions received or receivable from employer(s)2018-12-31$847,400
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$34,240
2017 : PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$107,756
Total plan liabilities at beginning of year2017-12-31$71,661
Total income from all sources2017-12-31$926,518
Expenses. Total of all expenses incurred2017-12-31$1,087,596
Benefits paid (including direct rollovers)2017-12-31$664,981
Total plan assets at end of year2017-12-31$123,367
Total plan assets at beginning of year2017-12-31$248,350
Value of fidelity bond covering the plan2017-12-31$300,000
Total contributions received or receivable from participants2017-12-31$242,162
Expenses. Other expenses not covered elsewhere2017-12-31$194,860
Other income received2017-12-31$338
Net income (gross income less expenses)2017-12-31$-161,078
Net plan assets at end of year (total assets less liabilities)2017-12-31$15,611
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$176,689
Total contributions received or receivable from employer(s)2017-12-31$684,018
Value of corrective distributions2017-12-31$184,650
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$43,105

Form 5500 Responses for PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN

2022: PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan funding arrangement – General assets of the sponsorYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2022-01-01Plan benefit arrangement – General assets of the sponsorYes
2021: PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan funding arrangement – General assets of the sponsorYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2021-01-01Plan benefit arrangement – General assets of the sponsorYes
2020: PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan funding arrangement – General assets of the sponsorYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2020-01-01Plan benefit arrangement – General assets of the sponsorYes
2019: PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PENNSYLVANIA PRECISION CAST PARTS, INC. GROUP MEDICAL PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01First time form 5500 has been submittedYes
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – General assets of the sponsorYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement – General assets of the sponsorYes

Insurance Providers Used on plan

EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number30500179
Policy instance 1
Insurance contract or identification number30500179
Number of Individuals Covered75
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $253,168
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number30500179
Policy instance 1
Insurance contract or identification number30500179
Number of Individuals Covered70
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $217,856
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number30500179
Policy instance 1
Insurance contract or identification number30500179
Number of Individuals Covered71
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $226,910
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract numberVERIS
Policy instance 1
Insurance contract or identification numberVERIS
Number of Individuals Covered84
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $210,083
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract numberVERIS
Policy instance 1
Insurance contract or identification numberVERIS
Number of Individuals Covered76
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $161,581
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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