401k Plan data: VOITH EMPLOYEE SAVINGS PLAN plan

VOITH EMPLOYEE SAVINGS PLAN 401k Plan overview

Plan Name	VOITH EMPLOYEE SAVINGS PLAN
Plan identification number	002

VOITH EMPLOYEE SAVINGS PLAN Benefits

401k Plan Type

Defined 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

VOITH US INC. has sponsored the creation of one or more 401k plans.

Company Name: VOITH US INC.

Employer identification number (EIN): 392042166

NAIC Classification: 314000
NAIC Description: Textile Product Mills

Additional information about VOITH US INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 3437815

More information about VOITH US INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VOITH EMPLOYEE SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01

Plan Statistics for VOITH EMPLOYEE SAVINGS PLAN

401k plan membership statisitcs for VOITH EMPLOYEE SAVINGS PLAN

Measure Date Value
2022: VOITH EMPLOYEE SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 2,189
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 1,583
Number of retired or separated participants receiving benefits 2022-01-01 23
Number of other retired or separated participants entitled to future benefits 2022-01-01 715
Total of all active and inactive participants 2022-01-01 2,321
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 12
Total participants 2022-01-01 2,333
Number of participants with account balances 2022-01-01 2,323
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 116
2021: VOITH EMPLOYEE SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 2,155
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 1,521
Number of retired or separated participants receiving benefits 2021-01-01 23
Number of other retired or separated participants entitled to future benefits 2021-01-01 632
Total of all active and inactive participants 2021-01-01 2,176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 13
Total participants 2021-01-01 2,189
Number of participants with account balances 2021-01-01 2,189
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 71
2020: VOITH EMPLOYEE SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 2,235
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 1,560
Number of retired or separated participants receiving benefits 2020-01-01 14
Number of other retired or separated participants entitled to future benefits 2020-01-01 571
Total of all active and inactive participants 2020-01-01 2,145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 10
Total participants 2020-01-01 2,155
Number of participants with account balances 2020-01-01 2,155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 63
2019: VOITH EMPLOYEE SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 2,307
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 1,671
Number of retired or separated participants receiving benefits 2019-01-01 29
Number of other retired or separated participants entitled to future benefits 2019-01-01 527
Total of all active and inactive participants 2019-01-01 2,227
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 7
Total participants 2019-01-01 2,234
Number of participants with account balances 2019-01-01 2,213
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 97
2018: VOITH EMPLOYEE SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 574
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 1,745
Number of retired or separated participants receiving benefits 2018-01-01 30
Number of other retired or separated participants entitled to future benefits 2018-01-01 524
Total of all active and inactive participants 2018-01-01 2,299
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 8
Total participants 2018-01-01 2,307
Number of participants with account balances 2018-01-01 2,028
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 80

Measure	Date	Value
2022: VOITH EMPLOYEE SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	2,189
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	1,583
Number of retired or separated participants receiving benefits	2022-01-01	23
Number of other retired or separated participants entitled to future benefits	2022-01-01	715
Total of all active and inactive participants	2022-01-01	2,321
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	12
Total participants	2022-01-01	2,333
Number of participants with account balances	2022-01-01	2,323
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	116
2021: VOITH EMPLOYEE SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	2,155
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	1,521
Number of retired or separated participants receiving benefits	2021-01-01	23
Number of other retired or separated participants entitled to future benefits	2021-01-01	632
Total of all active and inactive participants	2021-01-01	2,176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	13
Total participants	2021-01-01	2,189
Number of participants with account balances	2021-01-01	2,189
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	71
2020: VOITH EMPLOYEE SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	2,235
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	1,560
Number of retired or separated participants receiving benefits	2020-01-01	14
Number of other retired or separated participants entitled to future benefits	2020-01-01	571
Total of all active and inactive participants	2020-01-01	2,145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	10
Total participants	2020-01-01	2,155
Number of participants with account balances	2020-01-01	2,155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	63
2019: VOITH EMPLOYEE SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	2,307
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	1,671
Number of retired or separated participants receiving benefits	2019-01-01	29
Number of other retired or separated participants entitled to future benefits	2019-01-01	527
Total of all active and inactive participants	2019-01-01	2,227
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	7
Total participants	2019-01-01	2,234
Number of participants with account balances	2019-01-01	2,213
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	97
2018: VOITH EMPLOYEE SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	574
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	1,745
Number of retired or separated participants receiving benefits	2018-01-01	30
Number of other retired or separated participants entitled to future benefits	2018-01-01	524
Total of all active and inactive participants	2018-01-01	2,299
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	8
Total participants	2018-01-01	2,307
Number of participants with account balances	2018-01-01	2,028
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	80

Financial Data on VOITH EMPLOYEE SAVINGS PLAN

Measure	Date	Value
2022 : VOITH EMPLOYEE SAVINGS PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$-30,902,804
Total of all expenses incurred	2022-12-31	$38,424,055
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$38,017,394
Expenses. Certain deemed distributions of participant loans	2022-12-31	$5,086
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$29,708,390
Value of total assets at end of year	2022-12-31	$328,795,164
Value of total assets at beginning of year	2022-12-31	$398,122,023
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$401,575
Total interest from all sources	2022-12-31	$1,056,837
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$2,215,576
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	$2,215,576
Administrative expenses professional fees incurred	2022-12-31	$21,164
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
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
Contributions received from participants	2022-12-31	$12,591,513
Participant contributions at end of year	2022-12-31	$2,832,458
Participant contributions at beginning of year	2022-12-31	$3,131,816
Participant contributions at end of year	2022-12-31	$158,994
Participant contributions at beginning of year	2022-12-31	$46,092
Assets. Other investments not covered elsewhere at end of year	2022-12-31	$7,284,864
Assets. Other investments not covered elsewhere at beginning of year	2022-12-31	$7,424,842
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$6,079,178
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$3,307
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$1,790
Other income not declared elsewhere	2022-12-31	$-1,099,475
Administrative expenses (other) incurred	2022-12-31	$290,168
Total non interest bearing cash at end of year	2022-12-31	$72,993
Total non interest bearing cash at beginning of year	2022-12-31	$88,634
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	$-69,326,859
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$328,795,164
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$398,122,023
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	$90,243
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$116,518,016
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$353,398,289
Interest on participant loans	2022-12-31	$138,680
Interest earned on other investments	2022-12-31	$917,755
Value of interest in common/collective trusts at end of year	2022-12-31	$166,077,529
Value of interest in common/collective trusts at beginning of year	2022-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$123,925
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$51,119
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$51,119
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$402
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$35,585,775
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$33,950,042
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-37,316,755
Net investment gain or loss from common/collective trusts	2022-12-31	$-25,467,377
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	Yes
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	$11,037,699
Employer contributions (assets) at end of year	2022-12-31	$137,303
Employer contributions (assets) at beginning of year	2022-12-31	$29,399
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$38,017,394
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2022-12-31	No
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	MCKONLY & ASBURY, LLP
Accountancy firm EIN	2022-12-31	231909723
2021 : VOITH EMPLOYEE SAVINGS PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$71,738,245
Total of all expenses incurred	2021-12-31	$40,989,596
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$40,565,877
Expenses. Certain deemed distributions of participant loans	2021-12-31	$10,387
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$25,284,661
Value of total assets at end of year	2021-12-31	$398,122,023
Value of total assets at beginning of year	2021-12-31	$367,373,374
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$413,332
Total interest from all sources	2021-12-31	$852,681
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$5,827,394
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	$5,827,394
Administrative expenses professional fees incurred	2021-12-31	$19,280
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
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
Contributions received from participants	2021-12-31	$12,153,312
Participant contributions at end of year	2021-12-31	$3,131,816
Participant contributions at beginning of year	2021-12-31	$3,043,496
Participant contributions at end of year	2021-12-31	$46,092
Participant contributions at beginning of year	2021-12-31	$88,323
Assets. Other investments not covered elsewhere at end of year	2021-12-31	$7,424,842
Assets. Other investments not covered elsewhere at beginning of year	2021-12-31	$4,030,506
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$2,589,596
Value of other receiveables (less allowance for doubtful accounts) at end of year	2021-12-31	$1,790
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2021-12-31	$12,197
Other income not declared elsewhere	2021-12-31	$516,472
Administrative expenses (other) incurred	2021-12-31	$313,238
Total non interest bearing cash at end of year	2021-12-31	$88,634
Total non interest bearing cash at beginning of year	2021-12-31	$22,445
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	$30,748,649
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$398,122,023
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$367,373,374
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	$80,814
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$353,398,289
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$322,300,819
Interest on participant loans	2021-12-31	$156,135
Interest earned on other investments	2021-12-31	$696,546
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$51,119
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$81,758
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$81,758
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$33,950,042
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$37,717,786
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$39,257,037
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$10,541,753
Employer contributions (assets) at end of year	2021-12-31	$29,399
Employer contributions (assets) at beginning of year	2021-12-31	$76,044
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$40,565,877
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2021-12-31	No
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
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	MCKONLY & ASBURY, LLP
Accountancy firm EIN	2021-12-31	133689044
2020 : VOITH EMPLOYEE SAVINGS PLAN 2020 401k financial data
Total transfer of assets to this plan	2020-12-31	$144,220
Total income from all sources (including contributions)	2020-12-31	$73,111,475
Total of all expenses incurred	2020-12-31	$32,582,150
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$32,149,558
Expenses. Certain deemed distributions of participant loans	2020-12-31	$11,506
Value of total corrective distributions	2020-12-31	$7,142
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$27,500,546
Value of total assets at end of year	2020-12-31	$367,373,374
Value of total assets at beginning of year	2020-12-31	$326,699,829
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$413,944
Total interest from all sources	2020-12-31	$978,375
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$5,537,368
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$5,537,368
Administrative expenses professional fees incurred	2020-12-31	$11,630
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$12,522,638
Participant contributions at end of year	2020-12-31	$3,043,496
Participant contributions at beginning of year	2020-12-31	$3,385,509
Participant contributions at end of year	2020-12-31	$88,323
Participant contributions at beginning of year	2020-12-31	$3,752
Assets. Other investments not covered elsewhere at end of year	2020-12-31	$4,030,506
Assets. Other investments not covered elsewhere at beginning of year	2020-12-31	$4,236,361
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$3,996,730
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-12-31	$12,197
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2020-12-31	$3,779
Other income not declared elsewhere	2020-12-31	$378,519
Administrative expenses (other) incurred	2020-12-31	$337,223
Total non interest bearing cash at end of year	2020-12-31	$22,445
Total non interest bearing cash at beginning of year	2020-12-31	$30,385
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$40,529,325
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$367,373,374
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$326,699,829
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Investment advisory and management fees	2020-12-31	$65,091
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$322,300,819
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$285,259,056
Interest on participant loans	2020-12-31	$181,824
Interest earned on other investments	2020-12-31	$796,471
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$81,758
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$57,510
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$57,510
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$80
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$37,717,786
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-31	$33,718,882
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$38,716,667
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$10,981,178
Employer contributions (assets) at end of year	2020-12-31	$76,044
Employer contributions (assets) at beginning of year	2020-12-31	$4,595
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$32,149,558
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2020-12-31	No
Did the plan have assets held for investment	2020-12-31	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	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	MCKONLY & ASBURY, LLP
Accountancy firm EIN	2020-12-31	133689044
2019 : VOITH EMPLOYEE SAVINGS PLAN 2019 401k financial data
Total transfer of assets to this plan	2019-12-31	$92,322
Total income from all sources (including contributions)	2019-12-31	$80,955,732
Total of all expenses incurred	2019-12-31	$31,203,951
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$30,757,330
Expenses. Certain deemed distributions of participant loans	2019-12-31	$21,538
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$25,325,856
Value of total assets at end of year	2019-12-31	$326,699,829
Value of total assets at beginning of year	2019-12-31	$276,855,726
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$425,083
Total interest from all sources	2019-12-31	$1,045,391
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$5,948,938
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$5,948,938
Administrative expenses professional fees incurred	2019-12-31	$50,077
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$500,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$11,027,873
Participant contributions at end of year	2019-12-31	$3,385,509
Participant contributions at beginning of year	2019-12-31	$3,170,705
Participant contributions at end of year	2019-12-31	$3,752
Participant contributions at beginning of year	2019-12-31	$0
Assets. Other investments not covered elsewhere at end of year	2019-12-31	$4,236,361
Assets. Other investments not covered elsewhere at beginning of year	2019-12-31	$3,700,775
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$4,288,364
Value of other receiveables (less allowance for doubtful accounts) at end of year	2019-12-31	$3,779
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2019-12-31	$3,226
Other income not declared elsewhere	2019-12-31	$406,255
Administrative expenses (other) incurred	2019-12-31	$310,266
Total non interest bearing cash at end of year	2019-12-31	$30,385
Total non interest bearing cash at beginning of year	2019-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$49,751,781
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$326,699,829
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$276,855,726
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$64,740
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$285,259,056
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$233,923,264
Interest on participant loans	2019-12-31	$177,648
Interest earned on other investments	2019-12-31	$867,331
Value of interest in common/collective trusts at end of year	2019-12-31	$0
Value of interest in common/collective trusts at beginning of year	2019-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$57,510
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$112,586
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$112,586
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$412
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2019-12-31	$33,718,882
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2019-12-31	$35,945,170
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$48,229,292
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$10,009,619
Employer contributions (assets) at end of year	2019-12-31	$4,595
Employer contributions (assets) at beginning of year	2019-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$30,757,330
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2019-12-31	No
Did the plan have assets held for investment	2019-12-31	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	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	MCKONLY & ASBURY, LLP
Accountancy firm EIN	2019-12-31	133689044
2018 : VOITH EMPLOYEE SAVINGS PLAN 2018 401k financial data
Total transfer of assets to this plan	2018-12-31	$226,117,473
Total income from all sources (including contributions)	2018-12-31	$7,192,516
Total of all expenses incurred	2018-12-31	$30,673,399
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$30,243,748
Expenses. Certain deemed distributions of participant loans	2018-12-31	$47,246
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$22,690,491
Value of total assets at end of year	2018-12-31	$276,855,726
Value of total assets at beginning of year	2018-12-31	$74,219,136
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$382,405
Total interest from all sources	2018-12-31	$836,219
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$5,233,213
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$5,233,213
Administrative expenses professional fees incurred	2018-12-31	$47,810
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$500,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$10,355,833
Participant contributions at end of year	2018-12-31	$3,170,705
Participant contributions at beginning of year	2018-12-31	$190,887
Participant contributions at end of year	2018-12-31	$0
Participant contributions at beginning of year	2018-12-31	$157,487
Assets. Other investments not covered elsewhere at end of year	2018-12-31	$3,700,775
Assets. Other investments not covered elsewhere at beginning of year	2018-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$2,711,695
Value of other receiveables (less allowance for doubtful accounts) at end of year	2018-12-31	$3,226
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2018-12-31	$0
Other income not declared elsewhere	2018-12-31	$-90,282
Administrative expenses (other) incurred	2018-12-31	$286,198
Total non interest bearing cash at end of year	2018-12-31	$0
Total non interest bearing cash at beginning of year	2018-12-31	$79,189
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$-23,480,883
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$276,855,726
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$74,219,136
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Investment advisory and management fees	2018-12-31	$48,397
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$233,923,264
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$59,818,899
Interest on participant loans	2018-12-31	$162,989
Interest earned on other investments	2018-12-31	$671,167
Value of interest in common/collective trusts at end of year	2018-12-31	$0
Value of interest in common/collective trusts at beginning of year	2018-12-31	$13,792,357
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2018-12-31	$112,586
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2018-12-31	$6,752
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2018-12-31	$6,752
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2018-12-31	$2,063
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2018-12-31	$35,945,170
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2018-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-21,622,573
Net investment gain or loss from common/collective trusts	2018-12-31	$145,448
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$9,622,963
Employer contributions (assets) at end of year	2018-12-31	$0
Employer contributions (assets) at beginning of year	2018-12-31	$173,565
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$30,243,748
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2018-12-31	No
Did the plan have assets held for investment	2018-12-31	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	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	MCKONLY & ASBURY, LLP
Accountancy firm EIN	2018-12-31	231909723