401k Plan data: LIGNOTECH USA, INC. HOURLY EMPLOYEES' PENSION PLAN plan

LIGNOTECH USA, INC. HOURLY EMPLOYEES' PENSION PLAN 401k Plan overview

Plan Name	LIGNOTECH USA, INC. HOURLY EMPLOYEES' PENSION PLAN
Plan identification number	002

LIGNOTECH USA, INC. HOURLY EMPLOYEES' PENSION PLAN Benefits

401k Plan Type	Defined Benefit Pension
Plan Features/Benefits	Benefits are primarily flat dollar (includes dollars per year of service) Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021). Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name: BORREGAARD USA, INC.

Employer identification number (EIN): 391420133

NAIC Classification: 325900
NAIC Description: Other Chemical Product and Preparation Manufacturing

Additional information about BORREGAARD USA, INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 0944667

More information about BORREGAARD USA, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LIGNOTECH USA, INC. HOURLY EMPLOYEES' PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2016-01-01 PAUL HENDRICKS 2017-10-10 ATTILIO CARUSO 2017-10-10
002 2015-01-01 PAUL HENDRICKS 2016-07-13
002 2015-01-01 PAUL HENDRICKS 2016-07-26 ATTILIO CARUSO 2016-07-28
002 2014-01-01 PAUL HENDRICKS 2015-07-28 ATTILIO CARUSO 2015-07-28
002 2013-01-01 RUSSEL ERICKSON 2014-10-01 ATTILIO CARUSO 2014-10-03
002 2012-01-01 RUSSEL ERICKSON 2013-07-25 PAL ROMBERG 2013-07-25
002 2011-01-01 RUSSEL ERICKSON 2012-07-09 PAUL ROMBERG 2012-07-11
002 2010-01-01 RUSSEL ERICKSON 2011-06-07 PAUL LAVANWAY 2011-06-07

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2016-01-01	PAUL HENDRICKS	2017-10-10	ATTILIO CARUSO	2017-10-10
002	2015-01-01	PAUL HENDRICKS	2016-07-13
002	2015-01-01	PAUL HENDRICKS	2016-07-26	ATTILIO CARUSO	2016-07-28
002	2014-01-01	PAUL HENDRICKS	2015-07-28	ATTILIO CARUSO	2015-07-28
002	2013-01-01	RUSSEL ERICKSON	2014-10-01	ATTILIO CARUSO	2014-10-03
002	2012-01-01	RUSSEL ERICKSON	2013-07-25	PAL ROMBERG	2013-07-25
002	2011-01-01	RUSSEL ERICKSON	2012-07-09	PAUL ROMBERG	2012-07-11
002	2010-01-01	RUSSEL ERICKSON	2011-06-07	PAUL LAVANWAY	2011-06-07

Plan Statistics for LIGNOTECH USA, INC. HOURLY EMPLOYEES' PENSION PLAN

401k plan membership statisitcs for LIGNOTECH USA, INC. HOURLY EMPLOYEES' PENSION PLAN

Measure Date Value
2016: LIGNOTECH USA, INC. HOURLY EMPLOYEES' PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 6,500,200
Acturial value of plan assets 2016-12-31 6,842,355
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 1,931,950
Number of terminated vested participants 2016-12-31 7
Fundng target for terminated vested participants 2016-12-31 162,976
Active participant vested funding target 2016-12-31 2,594,992
Number of active participants 2016-12-31 36
Total funding liabilities for active participants 2016-12-31 2,697,869
Total participant count 2016-12-31 77
Total funding target for all participants 2016-12-31 4,792,795
Balance at beginning of prior year after applicable adjustments 2016-12-31 1,482,748
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 296,190
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 1,482,748
Amount remaining of prefunding balance 2016-12-31 296,190
Present value of excess contributions 2016-12-31 197,717
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 210,094
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 1,479,188
Balance of prefunding at beginning of current year 2016-12-31 295,478
Total employer contributions 2016-12-31 200,000
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 195,561
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 116,909
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 195,561
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2016: LIGNOTECH USA, INC. HOURLY EMPLOYEES' PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	6,500,200
Acturial value of plan assets	2016-12-31	6,842,355
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	1,931,950
Number of terminated vested participants	2016-12-31	7
Fundng target for terminated vested participants	2016-12-31	162,976
Active participant vested funding target	2016-12-31	2,594,992
Number of active participants	2016-12-31	36
Total funding liabilities for active participants	2016-12-31	2,697,869
Total participant count	2016-12-31	77
Total funding target for all participants	2016-12-31	4,792,795
Balance at beginning of prior year after applicable adjustments	2016-12-31	1,482,748
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	296,190
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	1,482,748
Amount remaining of prefunding balance	2016-12-31	296,190
Present value of excess contributions	2016-12-31	197,717
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	210,094
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	1,479,188
Balance of prefunding at beginning of current year	2016-12-31	295,478
Total employer contributions	2016-12-31	200,000
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	195,561
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	116,909
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	195,561
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	BORREGAARD USA, INC.
Employer identification number (EIN):	391420133
NAIC Classification:	325900
NAIC Description:	Other Chemical Product and Preparation Manufacturing

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	0944667