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NEW BERLIN PLASTICS 401(K) PLAN 401k Plan overview

Plan NameNEW BERLIN PLASTICS 401(K) PLAN
Plan identification number 001

NEW BERLIN PLASTICS 401(K) 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.

401k Sponsoring company profile

NEW BERLIN PLASTICS, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEW BERLIN PLASTICS, INC.
Employer identification number (EIN):391217448
NAIC Classification:326100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW BERLIN PLASTICS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JOY HERTLEIN2023-09-26
0012021-01-01JEFFERY P. HELD, CEO2022-10-03
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01JEFFERY P. HELD2013-04-23 JEFFERY P. HELD2013-04-23
0012011-01-01JEFFERY P. HELD2012-09-21 JEFFERY P. HELD2012-09-21
0012009-01-01JOY L HERTLEIN JOY L HERTLEIN2010-10-06

Plan Statistics for NEW BERLIN PLASTICS 401(K) PLAN

401k plan membership statisitcs for NEW BERLIN PLASTICS 401(K) PLAN

Measure Date Value
2022: NEW BERLIN PLASTICS 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01139
Total number of active participants reported on line 7a of the Form 55002022-01-01122
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0128
Total of all active and inactive participants2022-01-01150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01150
Number of participants with account balances2022-01-01134
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: NEW BERLIN PLASTICS 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01122
Total number of active participants reported on line 7a of the Form 55002021-01-0199
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0113
Total of all active and inactive participants2021-01-01112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01112
Number of participants with account balances2021-01-01104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-019
2009: NEW BERLIN PLASTICS 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01108
Total number of active participants reported on line 7a of the Form 55002009-01-0194
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-019
Total of all active and inactive participants2009-01-01103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01103
Number of participants with account balances2009-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on NEW BERLIN PLASTICS 401(K) PLAN

Measure Date Value
2022 : NEW BERLIN PLASTICS 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-410,399
Total of all expenses incurred2022-12-31$690,547
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$658,760
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$749,534
Value of total assets at end of year2022-12-31$6,949,506
Value of total assets at beginning of year2022-12-31$8,050,452
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$31,787
Total interest from all sources2022-12-31$4,033
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$258,949
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$258,949
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$512,282
Participant contributions at end of year2022-12-31$74,763
Participant contributions at beginning of year2022-12-31$70,775
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$14,816
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,100,946
Value of net assets at end of year (total assets less liabilities)2022-12-31$6,949,506
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$8,050,452
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$5,470,935
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$7,676,016
Interest on participant loans2022-12-31$4,033
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$1,403,808
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$303,661
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,422,915
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$222,436
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$658,760
Contract administrator fees2022-12-31$31,787
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31VRAKAS, S.C.
Accountancy firm EIN2022-12-31391453055
2021 : NEW BERLIN PLASTICS 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$1,561,102
Total of all expenses incurred2021-12-31$872,972
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$870,047
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$611,625
Value of total assets at end of year2021-12-31$8,050,452
Value of total assets at beginning of year2021-12-31$7,362,322
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$2,925
Total interest from all sources2021-12-31$4,994
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$413,196
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$413,196
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$425,443
Participant contributions at end of year2021-12-31$70,775
Participant contributions at beginning of year2021-12-31$113,186
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$45,020
Other income not declared elsewhere2021-12-31$6,538
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$688,130
Value of net assets at end of year (total assets less liabilities)2021-12-31$8,050,452
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$7,362,322
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$2,925
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$7,676,016
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$6,794,146
Interest on participant loans2021-12-31$4,994
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$303,661
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$454,990
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$524,749
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$141,162
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$870,047
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31VRAKAS CPAS & ADVISORS
Accountancy firm EIN2021-12-31391453055
2010 : NEW BERLIN PLASTICS 401(K) 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$372,709
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$24,000
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$22,521
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$96,009
Value of total assets at end of year2010-12-31$2,597,303
Value of total assets at beginning of year2010-12-31$2,248,594
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$1,479
Total interest from all sources2010-12-31$4,147
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$300,000
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$96,009
Participant contributions at end of year2010-12-31$91,811
Participant contributions at beginning of year2010-12-31$84,741
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$348,709
Value of net assets at end of year (total assets less liabilities)2010-12-31$2,597,303
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$2,248,594
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$2,364,796
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$2,031,449
Interest on participant loans2010-12-31$4,147
Value of interest in common/collective trusts at end of year2010-12-31$138,498
Value of interest in common/collective trusts at beginning of year2010-12-31$132,253
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$2,198
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$151
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$270,502
Net investment gain or loss from common/collective trusts2010-12-31$2,051
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 contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$22,521
Contract administrator fees2010-12-31$1,479
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 name2010-12-31VRAKAS/BLUM, S.C.
Accountancy firm EIN2010-12-31391453055
2009 : NEW BERLIN PLASTICS 401(K) 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 NEW BERLIN PLASTICS 401(K) PLAN

2022: NEW BERLIN PLASTICS 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NEW BERLIN PLASTICS 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2009: NEW BERLIN PLASTICS 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number332725-01
Policy instance 1
Insurance contract or identification number332725-01
Number of Individuals Covered5
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $4,038
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for types other than group deferred annuity or individual?Yes
Other information about contractGROUP ANNUITY CONTRACT
Commission paid to Insurance BrokerUSD $2,019
Insurance broker organization code?3
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number332725-01
Policy instance 1
Insurance contract or identification number332725-01
Number of Individuals Covered3
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $844
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for types other than group deferred annuity or individual?Yes
Other information about contractGROUP ANNUITY CONTRACT
Commission paid to Insurance BrokerUSD $422
Amount paid for insurance broker fees0
Insurance broker organization code?3
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-B3-VM17
Policy instance 1
Insurance contract or identification numberGAP-B3-VM17
Number of Individuals Covered97
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $6
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $6
Insurance broker organization code?3
Insurance broker nameWOODBURY FINANCIAL SERVICES

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