KLOECKNER METALS CORPORATION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan KLOECKNER METALS DEFINED BENEFIT PLAN
| Measure | Date | Value |
|---|
| 2022: KLOECKNER METALS DEFINED BENEFIT PLAN 2022 401k membership |
|---|
| Market value of plan assets | 2022-12-31 | 260,904,236 |
| Acturial value of plan assets | 2022-12-31 | 260,904,236 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 80,614,516 |
| Number of terminated vested participants | 2022-12-31 | 524 |
| Fundng target for terminated vested participants | 2022-12-31 | 28,370,668 |
| Active participant vested funding target | 2022-12-31 | 64,869,176 |
| Number of active participants | 2022-12-31 | 491 |
| Total funding liabilities for active participants | 2022-12-31 | 65,004,767 |
| Total participant count | 2022-12-31 | 2,163 |
| Total funding target for all participants | 2022-12-31 | 173,989,951 |
| Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 14,286,339 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 0 |
| Amount remaining of carryover balance | 2022-12-31 | 14,286,339 |
| Amount remaining of prefunding balance | 2022-12-31 | 0 |
| Present value of excess contributions | 2022-12-31 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2022-12-31 | 14,200,621 |
| Balance of prefunding at beginning of current year | 2022-12-31 | 0 |
| Total employer contributions | 2022-12-31 | 4,400,000 |
| Total employee contributions | 2022-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 4,205,983 |
| Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2022-12-31 | 4,804,286 |
| Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
| Waiver amortization installment | 2022-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
| Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
| Additional cash requirement | 2022-12-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 4,205,983 |
| Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
| Total participants, beginning-of-year | 2022-01-01 | 2,149 |
| Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 440 |
| Number of retired or separated participants receiving benefits | 2022-01-01 | 868 |
| Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 478 |
| Total of all active and inactive participants | 2022-01-01 | 1,786 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 262 |
| Total participants | 2022-01-01 | 2,048 |
| Number of participants with account balances | 2022-01-01 | 0 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 1 |
| 2021: KLOECKNER METALS DEFINED BENEFIT PLAN 2021 401k membership |
|---|
| Market value of plan assets | 2021-12-31 | 273,671,258 |
| Acturial value of plan assets | 2021-12-31 | 273,671,258 |
| Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 78,795,874 |
| Number of terminated vested participants | 2021-12-31 | 543 |
| Fundng target for terminated vested participants | 2021-12-31 | 32,130,749 |
| Active participant vested funding target | 2021-12-31 | 67,976,506 |
| Number of active participants | 2021-12-31 | 538 |
| Total funding liabilities for active participants | 2021-12-31 | 68,093,029 |
| Total participant count | 2021-12-31 | 2,226 |
| Total funding target for all participants | 2021-12-31 | 179,019,652 |
| Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 12,474,973 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2021-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2021-12-31 | 0 |
| Amount remaining of carryover balance | 2021-12-31 | 12,474,973 |
| Amount remaining of prefunding balance | 2021-12-31 | 0 |
| Present value of excess contributions | 2021-12-31 | 13,144,303 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 13,860,668 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2021-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2021-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2021-12-31 | 14,286,339 |
| Balance of prefunding at beginning of current year | 2021-12-31 | 0 |
| Total employer contributions | 2021-12-31 | 0 |
| Total employee contributions | 2021-12-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2021-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2021-12-31 | 5,662,770 |
| Net shortfall amortization installment of oustanding balance | 2021-12-31 | 0 |
| Waiver amortization installment | 2021-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 0 |
| Carryover balance elected to use to offset funding requirement | 2021-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2021-12-31 | 0 |
| Additional cash requirement | 2021-12-31 | 0 |
| Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
| Total participants, beginning-of-year | 2021-01-01 | 2,218 |
| Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 491 |
| Number of retired or separated participants receiving benefits | 2021-01-01 | 875 |
| Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 520 |
| Total of all active and inactive participants | 2021-01-01 | 1,886 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 263 |
| Total participants | 2021-01-01 | 2,149 |
| Number of participants with account balances | 2021-01-01 | 0 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 0 |
| Measure | Date | Value |
|---|
| 2022 : KLOECKNER METALS DEFINED BENEFIT PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $-57,675,759 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $13,001,919 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $12,279,614 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $4,400,000 |
| Value of total assets at end of year | 2022-12-31 | $190,226,557 |
| Value of total assets at beginning of year | 2022-12-31 | $260,904,235 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $722,305 |
| Total interest from all sources | 2022-12-31 | $5,564 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $56,652 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $56,652 |
| Administrative expenses professional fees incurred | 2022-12-31 | $155,208 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $3,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $824 |
| Other income not declared elsewhere | 2022-12-31 | $599 |
| Administrative expenses (other) incurred | 2022-12-31 | $189,112 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-70,677,678 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $190,226,557 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $260,904,235 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Investment advisory and management fees | 2022-12-31 | $63,480 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $1,277,207 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $1,427,045 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $185,883,062 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $258,815,147 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $765,464 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $662,043 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $662,043 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $5,564 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-206,489 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $-61,932,085 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $4,400,000 |
| Employer contributions (assets) at end of year | 2022-12-31 | $2,300,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $12,279,614 |
| Contract administrator fees | 2022-12-31 | $314,505 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | WINDHAM BRANNON, LLC |
| Accountancy firm EIN | 2022-12-31 | 581763439 |
| 2021 : KLOECKNER METALS DEFINED BENEFIT PLAN 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total income from all sources (including contributions) | 2021-12-31 | $-1,562,086 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $11,669,269 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $10,897,800 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $0 |
| Value of total assets at end of year | 2021-12-31 | $260,904,235 |
| Value of total assets at beginning of year | 2021-12-31 | $274,135,590 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $771,469 |
| Total interest from all sources | 2021-12-31 | $798 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $105,076 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $105,076 |
| Administrative expenses professional fees incurred | 2021-12-31 | $188,817 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $3,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Other income not declared elsewhere | 2021-12-31 | $1,352 |
| Administrative expenses (other) incurred | 2021-12-31 | $193,485 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $-13,231,355 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $260,904,235 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $274,135,590 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Investment advisory and management fees | 2021-12-31 | $63,308 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $1,427,045 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $2,782,080 |
| Value of interest in common/collective trusts at end of year | 2021-12-31 | $258,815,147 |
| Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $255,833,546 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $662,043 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $1,194,964 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $1,194,964 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $798 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $222,689 |
| Net investment gain or loss from common/collective trusts | 2021-12-31 | $-1,892,001 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Employer contributions (assets) at beginning of year | 2021-12-31 | $14,325,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $10,897,800 |
| Contract administrator fees | 2021-12-31 | $325,859 |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Aggregate proceeds on sale of assets | 2021-12-31 | $56,081,287 |
| Aggregate carrying amount (costs) on sale of assets | 2021-12-31 | $56,081,287 |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | WINDHAM BRANNON, LLC |
| Accountancy firm EIN | 2021-12-31 | 581763439 |
