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WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP 401k Plan overview

Plan NameWOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP
Plan identification number 007

WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)

401k Sponsoring company profile

WOODWARD, INC. has sponsored the creation of one or more 401k plans.

Company Name:WOODWARD, INC.
Employer identification number (EIN):361984010
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0072016-01-01PHOEBE LARSON
0072015-01-01PHOEBE LARSON
0072014-01-01PHOEBE LARSON
0072013-03-02RICK HOLM

Plan Statistics for WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP

401k plan membership statisitcs for WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP

Measure Date Value
2016: WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP 2016 401k membership
Market value of plan assets2016-12-31127,335
Acturial value of plan assets2016-12-31127,335
Active participant vested funding target2016-12-31139,687
Number of active participants2016-12-31205
Total funding liabilities for active participants2016-12-31147,315
Total participant count2016-12-31205
Total funding target for all participants2016-12-31147,315
Present value of excess contributions2016-12-3155,969
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3159,596
Total employer contributions2016-12-31142,000
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31137,191
Minimum required contributions for current year target normal cost2016-12-3160,000
Net shortfall amortization installment of oustanding balance2016-12-3119,980
Total funding amount beforereflecting carryover/prefunding balances2016-12-3163,301
Additional cash requirement2016-12-3163,301
Contributions allocatedtoward minimum required contributions for current year2016-12-31137,191
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-01205
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP 2015 401k membership
Total participants, beginning-of-year2015-01-01210
Total number of active participants reported on line 7a of the Form 55002015-01-01205
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-01205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01205
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP 2014 401k membership
Total participants, beginning-of-year2014-01-01218
Total number of active participants reported on line 7a of the Form 55002014-01-01210
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 participants2014-01-01210
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01210
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP 2013 401k membership
Total participants, beginning-of-year2013-03-020
Total number of active participants reported on line 7a of the Form 55002013-03-02214
Number of retired or separated participants receiving benefits2013-03-020
Number of other retired or separated participants entitled to future benefits2013-03-024
Total of all active and inactive participants2013-03-02218
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-03-020
Total participants2013-03-02218
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-03-022

Financial Data on WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP

Measure Date Value
2016 : WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP 2016 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$73,530
Total income from all sources (including contributions)2016-12-31$6,000
Total of all expenses incurred2016-12-31$203,690
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$197,132
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$6,000
Value of total assets at beginning of year2016-12-31$271,220
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$6,558
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-12-31$0
Administrative expenses professional fees incurred2016-12-31$6,558
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$20,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$152
Liabilities. Value of operating payables at beginning of year2016-12-31$73,530
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-197,690
Value of net assets at end of year (total assets less liabilities)2016-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$197,690
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$44,787
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$6,000
Employer contributions (assets) at beginning of year2016-12-31$226,281
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$197,132
Did the plan have assets held for investment2016-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BENNING GROUP, LLC
Accountancy firm EIN2016-12-31300003878
2015 : WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP 2015 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$73,530
Total income from all sources (including contributions)2015-12-31$293,676
Total of all expenses incurred2015-12-31$214,477
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$7,530
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$290,281
Value of total assets at end of year2015-12-31$271,220
Value of total assets at beginning of year2015-12-31$118,491
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$206,947
Total interest from all sources2015-12-31$152
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$1,619
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2015-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$1,619
Administrative expenses professional fees incurred2015-12-31$162,583
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$20,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$152
Administrative expenses (other) incurred2015-12-31$43,784
Liabilities. Value of operating payables at end of year2015-12-31$73,530
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$79,199
Value of net assets at end of year (total assets less liabilities)2015-12-31$197,690
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$118,491
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$44,787
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$97,491
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$152
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$1,624
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31Yes
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$290,281
Employer contributions (assets) at end of year2015-12-31$226,281
Employer contributions (assets) at beginning of year2015-12-31$21,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$7,530
Contract administrator fees2015-12-31$580
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BENNING GROUP, LLC
Accountancy firm EIN2015-12-31300003878
2014 : WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$37,980
Total of all expenses incurred2014-12-31$78,202
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$10,314
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$21,000
Value of total assets at end of year2014-12-31$118,491
Value of total assets at beginning of year2014-12-31$158,713
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$67,888
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$6,419
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$6,419
Administrative expenses professional fees incurred2014-12-31$49,488
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$20,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Administrative expenses (other) incurred2014-12-31$18,382
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-40,222
Value of net assets at end of year (total assets less liabilities)2014-12-31$118,491
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$158,713
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$97,491
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$18,713
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$10,561
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$21,000
Employer contributions (assets) at end of year2014-12-31$21,000
Employer contributions (assets) at beginning of year2014-12-31$140,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$10,314
Contract administrator fees2014-12-31$18
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31BENNING GROUP, LLC
Accountancy firm EIN2014-12-31300003878
2013 : WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP 2013 401k financial data
Total income from all sources (including contributions)2013-12-31$185,504
Total of all expenses incurred2013-12-31$26,791
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$190,000
Value of total assets at end of year2013-12-31$158,713
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$26,791
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$1,318
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$1,318
Administrative expenses professional fees incurred2013-12-31$26,787
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$20,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$158,713
Value of net assets at end of year (total assets less liabilities)2013-12-31$158,713
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$4
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$18,713
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$-5,814
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31Yes
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$190,000
Employer contributions (assets) at end of year2013-12-31$140,000
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31BENNING GROUP, LLC
Accountancy firm EIN2013-12-31300003878

Form 5500 Responses for WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP

2016: WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01This submission is the final filingYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: WOODWARD DUARTE PENSION PLAN FOR UAW LOCAL 509 HOURLY EMP 2013 form 5500 responses
2013-03-02Type of plan entitySingle employer plan
2013-03-02First time form 5500 has been submittedYes
2013-03-02Submission has been amendedYes
2013-03-02This return/report is a short plan year return/report (less than 12 months)Yes
2013-03-02Plan funding arrangement – TrustYes
2013-03-02Plan benefit arrangement - TrustYes

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