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SCHNEIDER ELECTRIC USA, INC. PENSION PLAN 401k Plan overview

Plan NameSCHNEIDER ELECTRIC USA, INC. PENSION PLAN
Plan identification number 099

SCHNEIDER ELECTRIC USA, INC. PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SCHNEIDER ELECTRIC HOLDINGS, INC. has sponsored the creation of one or more 401k plans.

Company Name:SCHNEIDER ELECTRIC HOLDINGS, INC.
Employer identification number (EIN):364141566
NAIC Classification:335900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCHNEIDER ELECTRIC USA, INC. PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0992018-01-01KAREN HANSEN2019-08-14
0992018-01-01KAREN HANSEN2019-12-24
0992017-01-01

Plan Statistics for SCHNEIDER ELECTRIC USA, INC. PENSION PLAN

401k plan membership statisitcs for SCHNEIDER ELECTRIC USA, INC. PENSION PLAN

Measure Date Value
2018: SCHNEIDER ELECTRIC USA, INC. PENSION PLAN 2018 401k membership
Market value of plan assets2018-10-01973,117,921
Acturial value of plan assets2018-10-01973,117,921
Funding target for retired participants and beneficiaries receiving payment2018-10-01571,120,753
Number of terminated vested participants2018-10-012,048
Fundng target for terminated vested participants2018-10-01109,457,967
Active participant vested funding target2018-10-01239,356,928
Number of active participants2018-10-012,672
Total funding liabilities for active participants2018-10-01243,806,493
Total participant count2018-10-0111,302
Total funding target for all participants2018-10-01924,385,213
Balance at beginning of prior year after applicable adjustments2018-10-010
Prefunding balance at beginning of prior year after applicable adjustments2018-10-0130,782,148
Carryover balanced portion elected for use to offset prior years funding requirement2018-10-010
Prefunding balanced used to offset prior years funding requirement2018-10-0117,628,374
Amount remaining of carryover balance2018-10-010
Amount remaining of prefunding balance2018-10-0113,153,774
Present value of excess contributions2018-10-0136,757,754
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-10-0140,070,243
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-10-010
Reductions in caryover balances due to elections or deemed elections2018-10-010
Reductions in prefunding balances due to elections or deemed elections2018-10-010
Balance of carryovers at beginning of current year2018-10-010
Balance of prefunding at beginning of current year2018-10-0114,786,157
Total employer contributions2018-10-010
Total employee contributions2018-10-010
Contributions allocated toward unpaid minimum require contributions from prior years2018-10-010
Contributions made to avoid restrictions adjusted to valuation date2018-10-010
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-10-010
Liquidity shortfalls end of Q12018-10-010
Liquidity shortfalls end of Q22018-10-010
Liquidity shortfalls end of Q32018-10-010
Liquidity shortfalls end of Q42018-10-010
Unpaid minimum required contributions for all prior years2018-10-010
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-10-010
Remaining amount of unpaid minimum required contributions2018-10-010
Minimum required contributions for current year target normal cost2018-10-011,542,729
Net shortfall amortization installment of oustanding balance2018-10-010
Waiver amortization installment2018-10-010
Total funding amount beforereflecting carryover/prefunding balances2018-10-010
Carryover balance elected to use to offset funding requirement2018-10-010
Prefunding balance elected to use to offset funding requirement2018-10-010
Additional cash requirement2018-10-010
Contributions allocatedtoward minimum required contributions for current year2018-10-010
Unpaid minimum required contributions for current year2018-10-010
Unpaid minimum required contributions for all years2018-10-010
Total participants, beginning-of-year2018-01-0111,294
Total number of active participants reported on line 7a of the Form 55002018-01-010
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-010
Number of participants with account balances2018-01-010
2017: SCHNEIDER ELECTRIC USA, INC. PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-31893,395,877
Acturial value of plan assets2017-12-31901,226,846
Funding target for retired participants and beneficiaries receiving payment2017-12-31556,895,050
Number of terminated vested participants2017-12-312,032
Fundng target for terminated vested participants2017-12-31100,872,837
Active participant vested funding target2017-12-31252,346,455
Number of active participants2017-12-312,910
Total funding liabilities for active participants2017-12-31260,711,684
Total participant count2017-12-3111,467
Total funding target for all participants2017-12-31918,479,571
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3126,704,842
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-3126,704,842
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-3128,637,730
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3130,782,148
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3130,782,148
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 year2017-12-3130,782,148
Total employer contributions2017-12-3140,000,000
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 date2017-12-3136,757,754
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
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 cost2017-12-318,399,368
Net shortfall amortization installment of oustanding balance2017-12-3148,034,873
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3117,628,374
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-3117,628,374
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-3136,757,754
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-0111,388
Total number of active participants reported on line 7a of the Form 55002017-01-012,680
Number of retired or separated participants receiving benefits2017-01-015,714
Number of other retired or separated participants entitled to future benefits2017-01-012,102
Total of all active and inactive participants2017-01-0110,496
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-01798
Total participants2017-01-0111,294
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010

Financial Data on SCHNEIDER ELECTRIC USA, INC. PENSION PLAN

Measure Date Value
2018 : SCHNEIDER ELECTRIC USA, INC. PENSION PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-10-01$0
Total transfer of assets from this plan2018-10-01$683,994,705
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-10-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-10-01$0
Total income from all sources (including contributions)2018-10-01$13,720,890
Total loss/gain on sale of assets2018-10-01$0
Total of all expenses incurred2018-10-01$303,924,995
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-10-01$302,795,581
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-10-01$0
Value of total assets at end of year2018-10-01$0
Value of total assets at beginning of year2018-10-01$974,198,810
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-10-01$1,129,414
Total interest from all sources2018-10-01$0
Total dividends received (eg from common stock, registered investment company shares)2018-10-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-10-01Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2018-10-01$0
Administrative expenses professional fees incurred2018-10-01$576,567
Was this plan covered by a fidelity bond2018-10-01Yes
Value of fidelity bond cover2018-10-01$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-10-01$0
Were there any nonexempt tranactions with any party-in-interest2018-10-01No
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2018-10-01$258,807,450
Administrative expenses (other) incurred2018-10-01$3,472
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-10-01No
Value of net income/loss2018-10-01$-290,204,105
Value of net assets at end of year (total assets less liabilities)2018-10-01$0
Value of net assets at beginning of year (total assets less liabilities)2018-10-01$974,198,810
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-10-01No
Were any loans by the plan or fixed income obligations due to the plan in default2018-10-01No
Were any leases to which the plan was party in default or uncollectible2018-10-01No
Investment advisory and management fees2018-10-01$277,593
Value of interest in master investment trust accounts at end of year2018-10-01$0
Value of interest in master investment trust accounts at beginning of year2018-10-01$934,198,810
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-10-01No
Was there a failure to transmit to the plan any participant contributions2018-10-01No
Has the plan failed to provide any benefit when due under the plan2018-10-01No
Employer contributions (assets) at end of year2018-10-01$0
Employer contributions (assets) at beginning of year2018-10-01$40,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-10-01$43,988,131
Contract administrator fees2018-10-01$271,782
Did the plan have assets held for investment2018-10-01No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-10-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-10-01Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-10-01Yes
Opinion of an independent qualified public accountant for this plan2018-10-01Disclaimer
Accountancy firm name2018-10-01ERNST & YOUNG
Accountancy firm EIN2018-10-01346565596
2017 : SCHNEIDER ELECTRIC USA, INC. PENSION PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$146,776,977
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$66,428,942
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$58,085,703
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$40,000,000
Value of total assets at end of year2017-12-31$974,198,810
Value of total assets at beginning of year2017-12-31$893,850,775
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$8,343,239
Total interest from all sources2017-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Administrative expenses professional fees incurred2017-12-31$992,726
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Administrative expenses (other) incurred2017-12-31$6,680,122
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$80,348,035
Value of net assets at end of year (total assets less liabilities)2017-12-31$974,198,810
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$893,850,775
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$483,292
Value of interest in master investment trust accounts at end of year2017-12-31$934,198,810
Value of interest in master investment trust accounts at beginning of year2017-12-31$846,800,775
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$40,000,000
Employer contributions (assets) at end of year2017-12-31$40,000,000
Employer contributions (assets) at beginning of year2017-12-31$47,050,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$58,085,703
Contract administrator fees2017-12-31$187,099
Did the plan have assets held for investment2017-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31ERNST & YOUNG
Accountancy firm EIN2017-12-31346565596

Form 5500 Responses for SCHNEIDER ELECTRIC USA, INC. PENSION PLAN

2018: SCHNEIDER ELECTRIC USA, INC. PENSION PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingYes
2018-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SCHNEIDER ELECTRIC USA, INC. PENSION PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

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