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HOWMET MERGED PENSION PLAN 401k Plan overview

Plan NameHOWMET MERGED PENSION PLAN
Plan identification number 018

HOWMET MERGED PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

HOWMET AEROSPACE INC. has sponsored the creation of one or more 401k plans.

Company Name:HOWMET AEROSPACE INC.
Employer identification number (EIN):250317820
NAIC Classification:336410

Additional information about HOWMET AEROSPACE INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2018-01-04
Company Identification Number: 0802898551
Legal Registered Office Address: 201 ISABELLA ST STE 200

PITTSBURGH
United States of America (USA)
15212

More information about HOWMET AEROSPACE INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HOWMET MERGED PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0182023-01-01DAVID ADAMS2024-09-30
0182022-01-01DAVID ADAMS2023-10-09

Financial Data on HOWMET MERGED PENSION PLAN

Measure Date Value
2023 : HOWMET MERGED PENSION PLAN 2023 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$32,813
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$30,863
Total income from all sources (including contributions)2023-12-31$6,712,660
Total of all expenses incurred2023-12-31$8,956,127
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$5,760,283
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$2,025,000
Value of total assets at end of year2023-12-31$74,523,567
Value of total assets at beginning of year2023-12-31$76,765,084
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$3,195,844
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$25,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Administrative expenses (other) incurred2023-12-31$3,100,245
Liabilities. Value of operating payables at end of year2023-12-31$32,813
Liabilities. Value of operating payables at beginning of year2023-12-31$30,863
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$-2,243,467
Value of net assets at end of year (total assets less liabilities)2023-12-31$74,490,754
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$76,734,221
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in master investment trust accounts at end of year2023-12-31$74,523,567
Value of interest in master investment trust accounts at beginning of year2023-12-31$76,765,084
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$2,025,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$5,760,283
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-12-31No
Did the plan have assets held for investment2023-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31BAKER TILLY US, LLP
Accountancy firm EIN2023-12-31301413443
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$32,813
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$30,863
Total income from all sources (including contributions)2023-01-01$6,712,660
Total of all expenses incurred2023-01-01$8,956,127
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$5,760,283
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$2,025,000
Value of total assets at end of year2023-01-01$74,523,567
Value of total assets at beginning of year2023-01-01$76,765,084
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$3,195,844
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$25,000,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Administrative expenses (other) incurred2023-01-01$3,100,245
Liabilities. Value of operating payables at end of year2023-01-01$32,813
Liabilities. Value of operating payables at beginning of year2023-01-01$30,863
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$-2,243,467
Value of net assets at end of year (total assets less liabilities)2023-01-01$74,490,754
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$76,734,221
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in master investment trust accounts at end of year2023-01-01$74,523,567
Value of interest in master investment trust accounts at beginning of year2023-01-01$76,765,084
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$2,025,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$5,760,283
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-01-01No
Did the plan have assets held for investment2023-01-01No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01BAKER TILLY US, LLP
Accountancy firm EIN2023-01-01301413443
2022 : HOWMET MERGED PENSION PLAN 2022 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$30,863
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$100,713
Total income from all sources (including contributions)2022-12-31$-27,503,722
Total of all expenses incurred2022-12-31$23,504,247
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$20,482,055
Value of total assets at end of year2022-12-31$76,765,084
Value of total assets at beginning of year2022-12-31$127,842,903
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$3,022,192
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$470,520
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$25,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$857,330
Administrative expenses (other) incurred2022-12-31$2,551,672
Liabilities. Value of operating payables at end of year2022-12-31$30,863
Liabilities. Value of operating payables at beginning of year2022-12-31$100,713
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-51,007,969
Value of net assets at end of year (total assets less liabilities)2022-12-31$76,734,221
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$127,742,190
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in master investment trust accounts at end of year2022-12-31$76,765,084
Value of interest in master investment trust accounts at beginning of year2022-12-31$126,985,573
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$20,482,055
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
Did the plan have assets held for investment2022-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BAKER TILLY US, LLP
Accountancy firm EIN2022-12-31390855910
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$30,863
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$100,713
Total income from all sources (including contributions)2022-01-01$-27,503,722
Total of all expenses incurred2022-01-01$23,504,247
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$20,482,055
Value of total assets at end of year2022-01-01$76,765,084
Value of total assets at beginning of year2022-01-01$127,842,903
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$3,022,192
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Administrative expenses professional fees incurred2022-01-01$470,520
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$25,000,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-01-01$857,330
Administrative expenses (other) incurred2022-01-01$2,551,672
Liabilities. Value of operating payables at end of year2022-01-01$30,863
Liabilities. Value of operating payables at beginning of year2022-01-01$100,713
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-51,007,969
Value of net assets at end of year (total assets less liabilities)2022-01-01$76,734,221
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$127,742,190
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in master investment trust accounts at end of year2022-01-01$76,765,084
Value of interest in master investment trust accounts at beginning of year2022-01-01$126,985,573
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$20,482,055
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-01-01No
Did the plan have assets held for investment2022-01-01No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01BAKER TILLY US, LLP
Accountancy firm EIN2022-01-01390855910

Form 5500 Responses for HOWMET MERGED PENSION PLAN

2023: HOWMET MERGED PENSION PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: HOWMET MERGED PENSION PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

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