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PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN 401k Plan overview

Plan NamePRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN
Plan identification number 002

PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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).

401k Sponsoring company profile

PRECISION KIDD STEEL CO., INC. has sponsored the creation of one or more 401k plans.

Company Name:PRECISION KIDD STEEL CO., INC.
Employer identification number (EIN):251677730
NAIC Classification:332810

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-07-01BRIAN VAN GROESBECK2024-04-10 BRIAN VAN GROESBECK2024-04-10
0022021-07-01BRIAN VAN GROESBECK2023-04-13 BRIAN VAN GROESBECK2023-04-13
0022020-07-01BRIAN VAN GROESBECK2022-04-11 BRIAN VAN GROESBECK2022-04-11
0022019-07-01SUSAN HENDERSON2021-04-13
0022018-07-01SUSAN HENDERSON2020-04-09
0022017-07-01SUSAN HENDERSON2019-04-12
0022016-07-01SUSAN HENDERSON2018-04-10
0022015-07-01SUSAN HENDERSON2017-04-11
0022014-07-01
0022013-07-01DOM R. LEA2014-12-23
0022012-07-01DOM R. LEA2013-12-23
0022011-07-01DOM R. LEA2012-12-07
0022010-07-01DOM R. LEA
0022009-07-01DOM R. LEA

Plan Statistics for PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN

401k plan membership statisitcs for PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN

Measure Date Value
2022: PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN 2022 401k membership
Market value of plan assets2022-06-304,902,171
Acturial value of plan assets2022-06-304,578,869
Funding target for retired participants and beneficiaries receiving payment2022-06-302,919,248
Number of terminated vested participants2022-06-303
Fundng target for terminated vested participants2022-06-3015,763
Active participant vested funding target2022-06-30911,555
Number of active participants2022-06-3017
Total funding liabilities for active participants2022-06-301,027,880
Total participant count2022-06-3035
Total funding target for all participants2022-06-303,962,891
Balance at beginning of prior year after applicable adjustments2022-06-3083,141
Prefunding balance at beginning of prior year after applicable adjustments2022-06-300
Carryover balanced portion elected for use to offset prior years funding requirement2022-06-300
Prefunding balanced used to offset prior years funding requirement2022-06-300
Amount remaining of carryover balance2022-06-3083,141
Amount remaining of prefunding balance2022-06-300
Present value of excess contributions2022-06-30140,403
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-06-30148,420
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-06-300
Reductions in caryover balances due to elections or deemed elections2022-06-300
Reductions in prefunding balances due to elections or deemed elections2022-06-300
Balance of carryovers at beginning of current year2022-06-3099,869
Balance of prefunding at beginning of current year2022-06-300
Total employer contributions2022-06-30150,000
Total employee contributions2022-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2022-06-300
Contributions made to avoid restrictions adjusted to valuation date2022-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-06-30140,477
Unpaid minimum required contributions for all prior years2022-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-06-300
Remaining amount of unpaid minimum required contributions2022-06-300
Minimum required contributions for current year target normal cost2022-06-300
Net shortfall amortization installment of oustanding balance2022-06-300
Total funding amount beforereflecting carryover/prefunding balances2022-06-300
Additional cash requirement2022-06-300
Contributions allocatedtoward minimum required contributions for current year2022-06-30140,477
Unpaid minimum required contributions for current year2022-06-300
Unpaid minimum required contributions for all years2022-06-300
2021: PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN 2021 401k membership
Market value of plan assets2021-06-304,520,333
Acturial value of plan assets2021-06-304,679,074
Funding target for retired participants and beneficiaries receiving payment2021-06-302,703,006
Number of terminated vested participants2021-06-303
Fundng target for terminated vested participants2021-06-3014,474
Active participant vested funding target2021-06-301,216,974
Number of active participants2021-06-3022
Total funding liabilities for active participants2021-06-301,412,548
Total participant count2021-06-3038
Total funding target for all participants2021-06-304,130,028
Balance at beginning of prior year after applicable adjustments2021-06-3082,514
Prefunding balance at beginning of prior year after applicable adjustments2021-06-300
Amount remaining of carryover balance2021-06-3082,514
Amount remaining of prefunding balance2021-06-300
Present value of excess contributions2021-06-30154,008
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-06-30162,525
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 year2021-06-3083,141
Balance of prefunding at beginning of current year2021-06-300
Total employer contributions2021-06-30150,000
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 date2021-06-30140,403
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 cost2021-06-300
Net shortfall amortization installment of oustanding balance2021-06-300
Total funding amount beforereflecting carryover/prefunding balances2021-06-300
Additional cash requirement2021-06-300
Contributions allocatedtoward minimum required contributions for current year2021-06-30140,403
Unpaid minimum required contributions for current year2021-06-300
Unpaid minimum required contributions for all years2021-06-300
2020: PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN 2020 401k membership
Market value of plan assets2020-06-304,517,048
Acturial value of plan assets2020-06-304,494,004
Funding target for retired participants and beneficiaries receiving payment2020-06-302,362,419
Number of terminated vested participants2020-06-302
Fundng target for terminated vested participants2020-06-3015,475
Active participant vested funding target2020-06-301,625,094
Number of active participants2020-06-3025
Total funding liabilities for active participants2020-06-301,813,691
Total participant count2020-06-3038
Total funding target for all participants2020-06-304,191,585
Balance at beginning of prior year after applicable adjustments2020-06-3078,123
Prefunding balance at beginning of prior year after applicable adjustments2020-06-300
Carryover balanced portion elected for use to offset prior years funding requirement2020-06-300
Amount remaining of carryover balance2020-06-3078,123
Amount remaining of prefunding balance2020-06-300
Present value of excess contributions2020-06-30127,452
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-06-30134,717
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 elections2020-06-300
Balance of carryovers at beginning of current year2020-06-3082,514
Balance of prefunding at beginning of current year2020-06-300
Total employer contributions2020-06-30162,500
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 date2020-06-30154,008
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 cost2020-06-300
Net shortfall amortization installment of oustanding balance2020-06-300
Total funding amount beforereflecting carryover/prefunding balances2020-06-300
Additional cash requirement2020-06-300
Contributions allocatedtoward minimum required contributions for current year2020-06-30154,008
Unpaid minimum required contributions for current year2020-06-300
Unpaid minimum required contributions for all years2020-06-300
2019: PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN 2019 401k membership
Market value of plan assets2019-06-304,773,944
Acturial value of plan assets2019-06-304,674,361
Funding target for retired participants and beneficiaries receiving payment2019-06-302,194,308
Number of terminated vested participants2019-06-302
Fundng target for terminated vested participants2019-06-3014,140
Active participant vested funding target2019-06-302,266,330
Number of active participants2019-06-3028
Total funding liabilities for active participants2019-06-302,266,330
Total participant count2019-06-3041
Total funding target for all participants2019-06-304,474,778
Balance at beginning of prior year after applicable adjustments2019-06-3072,169
Prefunding balance at beginning of prior year after applicable adjustments2019-06-300
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 balance2019-06-3072,169
Amount remaining of prefunding balance2019-06-300
Present value of excess contributions2019-06-30140,191
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-06-30148,448
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-06-300
Reductions in caryover balances due to elections or deemed elections2019-06-300
Reductions in prefunding balances due to elections or deemed elections2019-06-300
Balance of carryovers at beginning of current year2019-06-3078,123
Balance of prefunding at beginning of current year2019-06-300
Total employer contributions2019-06-30137,500
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 date2019-06-30127,452
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 cost2019-06-300
Net shortfall amortization installment of oustanding balance2019-06-300
Total funding amount beforereflecting carryover/prefunding balances2019-06-300
Additional cash requirement2019-06-300
Contributions allocatedtoward minimum required contributions for current year2019-06-30127,452
Unpaid minimum required contributions for current year2019-06-300
Unpaid minimum required contributions for all years2019-06-300
2018: PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN 2018 401k membership
Market value of plan assets2018-06-304,408,147
Acturial value of plan assets2018-06-304,497,034
Funding target for retired participants and beneficiaries receiving payment2018-06-301,632,542
Number of terminated vested participants2018-06-301
Fundng target for terminated vested participants2018-06-30626
Active participant vested funding target2018-06-302,362,022
Number of active participants2018-06-3032
Total funding liabilities for active participants2018-06-302,633,723
Total participant count2018-06-3041
Total funding target for all participants2018-06-304,266,891
Balance at beginning of prior year after applicable adjustments2018-06-3066,854
Prefunding balance at beginning of prior year after applicable adjustments2018-06-300
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 balance2018-06-3066,854
Amount remaining of prefunding balance2018-06-300
Present value of excess contributions2018-06-30139,903
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-06-30148,395
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 year2018-06-3072,169
Balance of prefunding at beginning of current year2018-06-300
Total employer contributions2018-06-30150,000
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 date2018-06-30140,191
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 cost2018-06-300
Net shortfall amortization installment of oustanding balance2018-06-300
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 year2018-06-30140,191
Unpaid minimum required contributions for current year2018-06-300
Unpaid minimum required contributions for all years2018-06-300
2017: PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN 2017 401k membership
Market value of plan assets2017-06-305,038,115
Acturial value of plan assets2017-06-305,451,881
Funding target for retired participants and beneficiaries receiving payment2017-06-301,135,452
Number of terminated vested participants2017-06-300
Fundng target for terminated vested participants2017-06-300
Active participant vested funding target2017-06-303,378,598
Number of active participants2017-06-3039
Total funding liabilities for active participants2017-06-303,766,266
Total participant count2017-06-3045
Total funding target for all participants2017-06-304,901,718
Balance at beginning of prior year after applicable adjustments2017-06-3068,610
Prefunding balance at beginning of prior year after applicable adjustments2017-06-300
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 balance2017-06-3068,610
Amount remaining of prefunding balance2017-06-300
Present value of excess contributions2017-06-30186,403
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-06-30198,090
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 year2017-06-3066,854
Balance of prefunding at beginning of current year2017-06-300
Total employer contributions2017-06-30150,000
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 date2017-06-30139,903
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 cost2017-06-300
Net shortfall amortization installment of oustanding balance2017-06-300
Waiver amortization installment2017-06-300
Waived amount of outstanding balance2017-06-300
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 year2017-06-30139,903
Unpaid minimum required contributions for current year2017-06-300
Unpaid minimum required contributions for all years2017-06-300
2010: PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN 2010 401k membership
Total participants, beginning-of-year2010-07-0147
Total number of active participants reported on line 7a of the Form 55002010-07-0146
Number of retired or separated participants receiving benefits2010-07-012
Number of other retired or separated participants entitled to future benefits2010-07-013
Total of all active and inactive participants2010-07-0151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-07-011
Total participants2010-07-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-07-010
2009: PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-07-0147
Total number of active participants reported on line 7a of the Form 55002009-07-0142
Number of retired or separated participants receiving benefits2009-07-011
Number of other retired or separated participants entitled to future benefits2009-07-013
Total of all active and inactive participants2009-07-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-07-011
Total participants2009-07-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-07-010

Financial Data on PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN

Measure Date Value
2011 : PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN 2011 401k financial data
Total plan liabilities at end of year2011-06-30$15,573
Total plan liabilities at beginning of year2011-06-30$40,205
Total income from all sources2011-06-30$1,184,713
Expenses. Total of all expenses incurred2011-06-30$64,422
Benefits paid (including direct rollovers)2011-06-30$36,547
Total plan assets at end of year2011-06-30$4,455,533
Total plan assets at beginning of year2011-06-30$3,359,874
Value of fidelity bond covering the plan2011-06-30$450,000
Other income received2011-06-30$612,713
Net income (gross income less expenses)2011-06-30$1,120,291
Net plan assets at end of year (total assets less liabilities)2011-06-30$4,439,960
Net plan assets at beginning of year (total assets less liabilities)2011-06-30$3,319,669
Total contributions received or receivable from employer(s)2011-06-30$572,000
Expenses. Administrative service providers (salaries,fees and commissions)2011-06-30$27,875
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-06-30$0
2010 : PRECISION KIDD STEEL COMPANY, INC. 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 PRECISION KIDD STEEL COMPANY, INC. HOURLY EMPLOYEES PENSION PLAN

2010: PRECISION KIDD STEEL COMPANY, INC. 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 planYes
2010-07-01Plan funding arrangement – TrustYes
2010-07-01Plan benefit arrangement - TrustYes
2009: PRECISION KIDD STEEL COMPANY, INC. 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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