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AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 401k Plan overview

Plan NameAMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245
Plan identification number 501

AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Dental
  • Other welfare benefit cover

401k Sponsoring company profile

AMERICAN WORKERS MASTER BENEFIT PLAN INC has sponsored the creation of one or more 401k plans.

Company Name:AMERICAN WORKERS MASTER BENEFIT PLAN INC
Employer identification number (EIN):261555856
NAIC Classification:221100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012014-01-01
5012013-01-01
5012012-01-01BEVERLY J MORGAN
5012011-01-01BEVERLY MORGAN
5012010-01-01BEVERLY J MORGAN BEVERLY J. MORGAN2012-05-09
5012009-01-01BEVERLY J. MORGAN BEVERLY J. MORGAN2011-09-26
5012009-01-01RICH CONRAD

Plan Statistics for AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245

401k plan membership statisitcs for AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245

Measure Date Value
2014: AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2014 401k membership
Total participants, beginning-of-year2014-01-010
Total number of active participants reported on line 7a of the Form 55002014-01-010
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-010
2013: AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2013 401k membership
Total participants, beginning-of-year2013-01-010
Total number of active participants reported on line 7a of the Form 55002013-01-010
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-010
2012: AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2012 401k membership
Total participants, beginning-of-year2012-01-010
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
2011: AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2011 401k membership
Total participants, beginning-of-year2011-01-01615
Total number of active participants reported on line 7a of the Form 55002011-01-01615
Total of all active and inactive participants2011-01-01615
2010: AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2010 401k membership
Total participants, beginning-of-year2010-01-01606
Total number of active participants reported on line 7a of the Form 55002010-01-01615
Total of all active and inactive participants2010-01-01615
2009: AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2009 401k membership
Total participants, beginning-of-year2009-01-01602
Total number of active participants reported on line 7a of the Form 55002009-01-01543
Number of retired or separated participants receiving benefits2009-01-0163
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-01606

Financial Data on AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245

Measure Date Value
2014 : AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2014 401k financial data
Total plan liabilities at end of year2014-12-31$51,330
Total plan liabilities at beginning of year2014-12-31$47,020
Total income from all sources2014-12-31$2,221
Expenses. Total of all expenses incurred2014-12-31$6,053
Total plan assets at end of year2014-12-31$119,967
Total plan assets at beginning of year2014-12-31$119,489
Value of fidelity bond covering the plan2014-12-31$500,000
Assets. Value of loans (other than to participants)2014-12-31$58,209
Expenses. Other expenses not covered elsewhere2014-12-31$1,743
Contributions received from other sources (not participants or employers)2014-12-31$1,500
Other income received2014-12-31$721
Net income (gross income less expenses)2014-12-31$-3,832
Net plan assets at end of year (total assets less liabilities)2014-12-31$68,637
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$72,469
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$4,310
2013 : AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2013 401k financial data
Total plan liabilities at end of year2013-12-31$47,020
Total plan liabilities at beginning of year2013-12-31$3,214,234
Total income from all sources2013-12-31$3,198,420
Expenses. Total of all expenses incurred2013-12-31$10,700
Total plan assets at end of year2013-12-31$119,489
Total plan assets at beginning of year2013-12-31$98,983
Value of fidelity bond covering the plan2013-12-31$500,000
Assets. Value of loans (other than to participants)2013-12-31$58,209
Expenses. Other expenses not covered elsewhere2013-12-31$4,610
Contributions received from other sources (not participants or employers)2013-12-31$3,198,386
Other income received2013-12-31$34
Net income (gross income less expenses)2013-12-31$3,187,720
Net plan assets at end of year (total assets less liabilities)2013-12-31$72,469
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$-3,115,251
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$6,090
2012 : AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2012 401k financial data
Total plan liabilities at end of year2012-12-31$3,214,234
Total plan liabilities at beginning of year2012-12-31$3,313,533
Total income from all sources2012-12-31$47,143
Expenses. Total of all expenses incurred2012-12-31$31,316
Total plan assets at end of year2012-12-31$98,983
Total plan assets at beginning of year2012-12-31$182,455
Value of fidelity bond covering the plan2012-12-31$500,000
Assets. Value of loans (other than to participants)2012-12-31$58,209
Expenses. Other expenses not covered elsewhere2012-12-31$10,760
Contributions received from other sources (not participants or employers)2012-12-31$1,455
Other income received2012-12-31$45,688
Net income (gross income less expenses)2012-12-31$15,827
Net plan assets at end of year (total assets less liabilities)2012-12-31$-3,115,251
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$-3,131,078
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$20,556
2011 : AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2011 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$3,276,207
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$3,477,914
Total income from all sources (including contributions)2011-12-31$246
Total of all expenses incurred2011-12-31$106,181
Value of total assets at end of year2011-12-31$171,737
Value of total assets at beginning of year2011-12-31$479,379
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$106,181
Total interest from all sources2011-12-31$246
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$29,739
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31Yes
Amount of non-exempt transactions with any party-in-interest2011-12-31$57,402
Assets. Other investments not covered elsewhere at end of year2011-12-31$4,440
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$53,843
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$93,453
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$2,830,940
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$1,607,578
Administrative expenses (other) incurred2011-12-31$76,442
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-105,935
Value of net assets at end of year (total assets less liabilities)2011-12-31$-3,104,470
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$-2,998,535
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$113,454
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$385,926
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$385,926
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$246
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Liabilities. Value of benefit claims payable at end of year2011-12-31$445,267
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$1,870,336
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31GROSSMAN YANAK & FORD LLP
Accountancy firm EIN2011-12-31251638525
2010 : AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2010 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$2,956,914
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$1,490,938
Total income from all sources (including contributions)2010-12-31$6,695,529
Total of all expenses incurred2010-12-31$7,981,130
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$7,472,493
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$6,695,260
Value of total assets at end of year2010-12-31$393,250
Value of total assets at beginning of year2010-12-31$212,875
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$508,637
Total interest from all sources2010-12-31$269
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$90,276
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$6,695,260
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$57,002
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$69,812
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$1,086,578
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$726,074
Administrative expenses (other) incurred2010-12-31$508,637
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-1,285,601
Value of net assets at end of year (total assets less liabilities)2010-12-31$-2,563,664
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$-1,278,063
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$336,248
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$52,787
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$52,787
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$269
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$636,488
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$6,836,005
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Liabilities. Value of benefit claims payable at end of year2010-12-31$1,870,336
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$764,864
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31GROSSMAN YANAK & FORD LLP
Accountancy firm EIN2010-12-31251638525
2009 : AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2009 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2009-12-31$1,490,938
Total income from all sources (including contributions)2009-12-31$6,002,701
Total of all expenses incurred2009-12-31$7,280,764
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2009-12-31$6,776,344
Total contributions o plan (from employers,participants, others, non cash contrinutions)2009-12-31$6,001,376
Value of total assets at end of year2009-12-31$212,875
Total of administrative expenses incurred including professional, contract, advisory and management fees2009-12-31$504,420
Total interest from all sources2009-12-31$1,325
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2009-12-31No
Was this plan covered by a fidelity bond2009-12-31Yes
Value of fidelity bond cover2009-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2009-12-31No
Assets. Other investments not covered elsewhere at end of year2009-12-31$90,276
Value of other receiveables (less allowance for doubtful accounts) at end of year2009-12-31$69,812
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2009-12-31$726,074
Administrative expenses (other) incurred2009-12-31$48,056
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2009-12-31No
Value of net income/loss2009-12-31$-1,278,063
Value of net assets at end of year (total assets less liabilities)2009-12-31$-1,278,063
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2009-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2009-12-31No
Were any leases to which the plan was party in default or uncollectible2009-12-31No
Investment advisory and management fees2009-12-31$290,080
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2009-12-31$52,787
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2009-12-31$1,325
Expenses. Payments to insurance carriers foe the provision of benefits2009-12-31$456,396
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2009-12-31No
Was there a failure to transmit to the plan any participant contributions2009-12-31No
Has the plan failed to provide any benefit when due under the plan2009-12-31No
Contributions received in cash from employer2009-12-31$6,001,376
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2009-12-31$6,319,948
Contract administrator fees2009-12-31$166,284
Liabilities. Value of benefit claims payable at end of year2009-12-31$764,864
Did the plan have assets held for investment2009-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2009-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2009-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2009-12-31No
Opinion of an independent qualified public accountant for this plan2009-12-31Unqualified
Accountancy firm name2009-12-31GROSSMAN YANAK & FORD LLP
Accountancy firm EIN2009-12-31251638525

Form 5500 Responses for AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245

2014: AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan is a collectively bargained planYes
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan is a collectively bargained planYes
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan is a collectively bargained planYes
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01Plan is a collectively bargained planYes
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01First time form 5500 has been submittedYes
2010-01-01Submission has been amendedYes
2010-01-01Plan is a collectively bargained planYes
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: AMERICAN WORKERS MASTER BENEFIT PLAN FOR THE EMPLOYEES OF FIRST ENERGY CORP REPRESENTED BY IBEW 245 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01First time form 5500 has been submittedYes
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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