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ASCEND SAVINGS & INVESTMENT PLAN 401k Plan overview

Plan NameASCEND SAVINGS & INVESTMENT PLAN
Plan identification number 002

ASCEND SAVINGS & INVESTMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ASCEND PERFORMANCE MATERIALS LLC has sponsored the creation of one or more 401k plans.

Company Name:ASCEND PERFORMANCE MATERIALS LLC
Employer identification number (EIN):264345777
NAIC Classification:325200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ASCEND SAVINGS & INVESTMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022012-01-01MICHAEL MARTIN OZONG ETTA2013-10-04
0022011-01-01MICHAEL MARTIN MICHAEL MARTIN2012-11-20
0022010-01-01MICHAEL A MARTIN MICHAEL A MARTIN2012-01-19
0022009-11-01ANGELA WILSON ANGELA WILSON2010-10-15
0022009-11-01ANGELA WILSON ANGELA WILSON2010-10-15
0022009-11-01MICHAEL MARTIN
0022009-11-01MICHAEL MARTIN

Plan Statistics for ASCEND SAVINGS & INVESTMENT PLAN

401k plan membership statisitcs for ASCEND SAVINGS & INVESTMENT PLAN

Measure Date Value
2012: ASCEND SAVINGS & INVESTMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-012,114
Total number of active participants reported on line 7a of the Form 55002012-01-012,109
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-01233
Total of all active and inactive participants2012-01-012,342
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-012,342
Number of participants with account balances2012-01-012,315
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: ASCEND SAVINGS & INVESTMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011,876
Total number of active participants reported on line 7a of the Form 55002011-01-012,006
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01108
Total of all active and inactive participants2011-01-012,114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-012,114
Number of participants with account balances2011-01-012,077
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0113
2010: ASCEND SAVINGS & INVESTMENT PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-011,765
Total number of active participants reported on line 7a of the Form 55002010-01-011,821
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0155
Total of all active and inactive participants2010-01-011,876
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-011,876
Number of participants with account balances2010-01-011,856
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0110
2009: ASCEND SAVINGS & INVESTMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-11-011,700
Total number of active participants reported on line 7a of the Form 55002009-11-011,762
Number of retired or separated participants receiving benefits2009-11-010
Number of other retired or separated participants entitled to future benefits2009-11-013
Total of all active and inactive participants2009-11-011,765
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-11-010
Total participants2009-11-011,765
Number of participants with account balances2009-11-011,759
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-11-013

Financial Data on ASCEND SAVINGS & INVESTMENT PLAN

Measure Date Value
2012 : ASCEND SAVINGS & INVESTMENT PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$36,433,652
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$5,377,570
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$5,337,966
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$25,771,850
Value of total assets at end of year2012-12-31$119,239,288
Value of total assets at beginning of year2012-12-31$88,183,206
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$39,604
Total interest from all sources2012-12-31$167,680
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$2,956,893
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$2,956,893
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$2,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$14,798,229
Participant contributions at end of year2012-12-31$6,275,598
Participant contributions at beginning of year2012-12-31$4,620,790
Participant contributions at end of year2012-12-31$555,969
Participant contributions at beginning of year2012-12-31$512,054
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$4,677,345
Other income not declared elsewhere2012-12-31$0
Administrative expenses (other) incurred2012-12-31$39,604
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$31,056,082
Value of net assets at end of year (total assets less liabilities)2012-12-31$119,239,288
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$88,183,206
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$97,469,176
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$70,734,940
Interest on participant loans2012-12-31$167,680
Value of interest in common/collective trusts at end of year2012-12-31$14,582,494
Value of interest in common/collective trusts at beginning of year2012-12-31$12,012,348
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$7,188,364
Net investment gain or loss from common/collective trusts2012-12-31$348,865
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$6,296,276
Employer contributions (assets) at end of year2012-12-31$356,051
Employer contributions (assets) at beginning of year2012-12-31$303,074
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$5,337,966
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31KPMG LLP
Accountancy firm EIN2012-12-31135565207
2011 : ASCEND SAVINGS & INVESTMENT PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$22,709,283
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$3,935,772
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$3,897,647
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$22,331,798
Value of total assets at end of year2011-12-31$88,183,206
Value of total assets at beginning of year2011-12-31$69,409,695
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$38,125
Total interest from all sources2011-12-31$104,251
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$1,913,186
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$1,913,186
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$2,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$12,999,826
Participant contributions at end of year2011-12-31$4,620,790
Participant contributions at beginning of year2011-12-31$2,204,334
Participant contributions at end of year2011-12-31$512,054
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$3,326,535
Administrative expenses (other) incurred2011-12-31$38,125
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$18,773,511
Value of net assets at end of year (total assets less liabilities)2011-12-31$88,183,206
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$69,409,695
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 in registered invesment companies (eg mutual funds) at end of year2011-12-31$70,734,940
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$60,149,582
Interest on participant loans2011-12-31$104,251
Value of interest in common/collective trusts at end of year2011-12-31$12,012,348
Value of interest in common/collective trusts at beginning of year2011-12-31$7,055,779
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-1,990,258
Net investment gain or loss from common/collective trusts2011-12-31$350,306
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 contributions2011-12-31Yes
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$6,005,437
Employer contributions (assets) at end of year2011-12-31$303,074
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$3,897,647
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)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31KPMG LLP
Accountancy firm EIN2011-12-31135565207
2010 : ASCEND SAVINGS & INVESTMENT PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$54,836,897
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$1,287,103
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,258,828
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$48,803,289
Value of total assets at end of year2010-12-31$69,409,695
Value of total assets at beginning of year2010-12-31$15,859,901
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$28,275
Total interest from all sources2010-12-31$40,252
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$1,379,679
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$1,379,679
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$2,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$11,746,751
Participant contributions at end of year2010-12-31$2,204,334
Participant contributions at beginning of year2010-12-31$121,295
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$32,475,098
Other income not declared elsewhere2010-12-31$0
Administrative expenses (other) incurred2010-12-31$28,275
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$53,549,794
Value of net assets at end of year (total assets less liabilities)2010-12-31$69,409,695
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$15,859,901
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 in registered invesment companies (eg mutual funds) at end of year2010-12-31$60,149,582
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$14,291,480
Interest on participant loans2010-12-31$35,921
Value of interest in common/collective trusts at end of year2010-12-31$7,055,779
Value of interest in common/collective trusts at beginning of year2010-12-31$1,447,126
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$4,331
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$4,342,863
Net investment gain or loss from common/collective trusts2010-12-31$270,814
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 contributions2010-12-31Yes
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$4,581,440
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,258,828
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)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31KPMG LLP
Accountancy firm EIN2010-12-31135565207
2009 : ASCEND SAVINGS & INVESTMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for ASCEND SAVINGS & INVESTMENT PLAN

2012: ASCEND SAVINGS & INVESTMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: ASCEND SAVINGS & INVESTMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: ASCEND SAVINGS & INVESTMENT PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: ASCEND SAVINGS & INVESTMENT PLAN 2009 form 5500 responses
2009-11-01Type of plan entitySingle employer plan
2009-11-01First time form 5500 has been submittedYes
2009-11-01Submission has been amendedNo
2009-11-01This submission is the final filingNo
2009-11-01This return/report is a short plan year return/report (less than 12 months)Yes
2009-11-01Plan is a collectively bargained planNo
2009-11-01Plan funding arrangement – TrustYes
2009-11-01Plan benefit arrangement - TrustYes

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