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UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameUNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN
Plan identification number 002

UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • 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.

401k Sponsoring company profile

UNION INDUSTRIAL CONTRACTORS, INC. has sponsored the creation of one or more 401k plans.

Company Name:UNION INDUSTRIAL CONTRACTORS, INC.
Employer identification number (EIN):341254997
NAIC Classification:238900

Additional information about UNION INDUSTRIAL CONTRACTORS, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 1978-07-10
Company Identification Number: 519326
Legal Registered Office Address: 510 W 44TH ST
-
ASHTABULA
United States of America (USA)
44004

More information about UNION INDUSTRIAL CONTRACTORS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01KIMBERLY A. KIDNER2015-09-30
0022013-01-01KIMBERLY A. KIDNER2014-06-05

Plan Statistics for UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN

Measure Date Value
2025: UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN 2025 401k membership
Total number of particpants at beginning of year2025-09-2210
Total number of particpants at end of year2025-09-2211
2024: UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN 2024 401k membership
Total number of particpants at beginning of year2024-09-199
Total number of particpants at end of year2024-09-1910
2022: UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-311,245,973
Acturial value of plan assets2022-12-311,245,973
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-310
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-311,044,027
Number of active participants2022-12-3110
Total funding liabilities for active participants2022-12-311,044,130
Total participant count2022-12-3110
Total funding target for all participants2022-12-311,044,130
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-3156,365
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total number of particpants at beginning of year2022-09-167
Total number of particpants at end of year2022-09-169
2021: UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-311,372,873
Acturial value of plan assets2021-12-311,372,873
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-31785,065
Number of active participants2021-12-3110
Total funding liabilities for active participants2021-12-31785,065
Total participant count2021-12-3110
Total funding target for all participants2021-12-31785,065
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-3145,555
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3145,555
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31130,476
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-311,179,845
Acturial value of plan assets2020-12-311,179,845
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-31684,010
Number of active participants2020-12-318
Total funding liabilities for active participants2020-12-31684,010
Total participant count2020-12-318
Total funding target for all participants2020-12-31684,010
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-31244,907
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31244,907
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-3147,100
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-3145,555
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31140,918
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-3145,555
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-31659,720
Acturial value of plan assets2019-12-31659,720
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-313,137
Active participant vested funding target2019-12-31506,344
Number of active participants2019-12-3111
Total funding liabilities for active participants2019-12-31507,073
Total participant count2019-12-3112
Total funding target for all participants2019-12-31510,210
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-31239,106
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31239,106
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31371,300
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31367,017
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31271,620
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31122,110
Additional cash requirement2019-12-31122,110
Contributions allocatedtoward minimum required contributions for current year2019-12-31367,017
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-311,449,833
Acturial value of plan assets2018-12-311,449,833
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-313,035
Active participant vested funding target2018-12-311,221,670
Number of active participants2018-12-3115
Total funding liabilities for active participants2018-12-311,221,979
Total participant count2018-12-3116
Total funding target for all participants2018-12-311,225,014
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-31281,571
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31281,571
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31259,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31250,709
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31236,422
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3111,603
Additional cash requirement2018-12-3111,603
Contributions allocatedtoward minimum required contributions for current year2018-12-31250,709
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-311,252,908
Acturial value of plan assets2017-12-311,252,908
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-312,885
Active participant vested funding target2017-12-31835,883
Number of active participants2017-12-3115
Total funding liabilities for active participants2017-12-31837,240
Total participant count2017-12-3116
Total funding target for all participants2017-12-31840,125
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31283,466
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31283,466
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31291,200
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31281,571
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31260,339
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31281,571
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31860,475
Acturial value of plan assets2016-12-31860,475
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-312,774
Active participant vested funding target2016-12-31596,836
Number of active participants2016-12-3118
Total funding liabilities for active participants2016-12-31598,898
Total participant count2016-12-3119
Total funding target for all participants2016-12-31601,672
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31224,885
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31224,885
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31293,900
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31283,466
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31206,254
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-31283,466
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

Financial Data on UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN

Measure Date Value
2025 : UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-09-2214304
Net assets as of the end of the plan year2025-09-221791185
Total assets as of the beginning of the plan year2025-09-221454202
Value of plan covered by a fidelity bond2025-09-22275000
Other income to plan in this plan year2025-09-22127887
Plan net income in this plan year2025-09-22336983
Net assets as of the end of the plan year2025-09-221791185
Net assets as of the beginning of the plan year2025-09-221454202
Employer contributions to plan in this plan year2025-09-22223400
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-2214304
2024 : UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-1912547
Net assets as of the end of the plan year2024-09-191454202
Total assets as of the beginning of the plan year2024-09-191245973
Value of plan covered by a fidelity bond2024-09-19275000
Other income to plan in this plan year2024-09-19145651
Plan net income in this plan year2024-09-19208229
Net assets as of the end of the plan year2024-09-191454202
Net assets as of the beginning of the plan year2024-09-191245973
Employer contributions to plan in this plan year2024-09-1975125
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-1912547
2022 : UNION INDUSTRIAL CONTRACTORS, INC DEFINED BENEFIT PENSION PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-09-1612478
Net assets as of the end of the plan year2022-09-161372873
Total assets as of the beginning of the plan year2022-09-161226945
Value of plan covered by a fidelity bond2022-09-16275000
Other income to plan in this plan year2022-09-16158406
Plan net income in this plan year2022-09-16145928
Net assets as of the end of the plan year2022-09-161372873
Net assets as of the beginning of the plan year2022-09-161226945
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-1612478

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