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LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 401k Plan overview

Plan NameLOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS
Plan identification number 010

LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

AMERICAN IRON & STEEL COMPANY has sponsored the creation of one or more 401k plans.

Company Name:AMERICAN IRON & STEEL COMPANY
Employer identification number (EIN):410662574
NAIC Classification:423930
NAIC Description:Recyclable Material Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0102022-01-01
0102021-01-01
0102020-01-01
0102019-01-01
0102018-01-01

Plan Statistics for LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS

401k plan membership statisitcs for LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS

Measure Date Value
2022: LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 2022 401k membership
Market value of plan assets2022-12-312,839,666
Acturial value of plan assets2022-12-312,839,666
Funding target for retired participants and beneficiaries receiving payment2022-12-311,689,204
Number of terminated vested participants2022-12-3169
Fundng target for terminated vested participants2022-12-311,157,633
Active participant vested funding target2022-12-31442,904
Number of active participants2022-12-3122
Total funding liabilities for active participants2022-12-31442,904
Total participant count2022-12-31143
Total funding target for all participants2022-12-313,289,741
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-313,929
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-313,929
Present value of excess contributions2022-12-3131
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3133
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-314,086
Total employer contributions2022-12-31177,938
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31169,815
Liquidity shortfalls end of Q12022-12-310
Liquidity shortfalls end of Q22022-12-310
Liquidity shortfalls end of Q32022-12-310
Liquidity shortfalls end of Q42022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31125,000
Net shortfall amortization installment of oustanding balance2022-12-31454,161
Total funding amount beforereflecting carryover/prefunding balances2022-12-31169,743
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31169,743
Contributions allocatedtoward minimum required contributions for current year2022-12-31169,815
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-01143
Total number of active participants reported on line 7a of the Form 55002022-01-0118
Number of retired or separated participants receiving benefits2022-01-0145
Number of other retired or separated participants entitled to future benefits2022-01-0169
Total of all active and inactive participants2022-01-01132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-018
Total participants2022-01-01140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 2021 401k membership
Market value of plan assets2021-12-312,895,340
Acturial value of plan assets2021-12-312,895,340
Funding target for retired participants and beneficiaries receiving payment2021-12-311,809,384
Number of terminated vested participants2021-12-3169
Fundng target for terminated vested participants2021-12-31993,276
Active participant vested funding target2021-12-31485,372
Number of active participants2021-12-3127
Total funding liabilities for active participants2021-12-31485,372
Total participant count2021-12-31149
Total funding target for all participants2021-12-313,288,032
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3115,779
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-3112,001
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-313,778
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-313,929
Total employer contributions2021-12-31144,504
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31137,990
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31100,000
Net shortfall amortization installment of oustanding balance2021-12-31396,621
Total funding amount beforereflecting carryover/prefunding balances2021-12-31137,959
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31137,959
Contributions allocatedtoward minimum required contributions for current year2021-12-31137,990
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-01149
Total number of active participants reported on line 7a of the Form 55002021-01-0122
Number of retired or separated participants receiving benefits2021-01-0143
Number of other retired or separated participants entitled to future benefits2021-01-0168
Total of all active and inactive participants2021-01-01133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0110
Total participants2021-01-01143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 2020 401k membership
Market value of plan assets2020-12-312,977,870
Acturial value of plan assets2020-12-312,977,870
Funding target for retired participants and beneficiaries receiving payment2020-12-311,710,600
Number of terminated vested participants2020-12-3164
Fundng target for terminated vested participants2020-12-31817,744
Active participant vested funding target2020-12-31665,701
Number of active participants2020-12-3148
Total funding liabilities for active participants2020-12-31665,701
Total participant count2020-12-31149
Total funding target for all participants2020-12-313,194,045
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3115,172
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-3115,172
Present value of excess contributions2020-12-316
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-316
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-3115,779
Total employer contributions2020-12-3193,482
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-3189,776
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-3180,000
Net shortfall amortization installment of oustanding balance2020-12-31231,954
Total funding amount beforereflecting carryover/prefunding balances2020-12-31101,777
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-3112,001
Additional cash requirement2020-12-3189,776
Contributions allocatedtoward minimum required contributions for current year2020-12-3189,776
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-01149
Total number of active participants reported on line 7a of the Form 55002020-01-0127
Number of retired or separated participants receiving benefits2020-01-0144
Number of other retired or separated participants entitled to future benefits2020-01-0168
Total of all active and inactive participants2020-01-01139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-0110
Total participants2020-01-01149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 2019 401k membership
Market value of plan assets2019-12-313,021,402
Acturial value of plan assets2019-12-313,021,402
Funding target for retired participants and beneficiaries receiving payment2019-12-311,763,280
Number of terminated vested participants2019-12-3139
Fundng target for terminated vested participants2019-12-31579,800
Active participant vested funding target2019-12-31908,948
Number of active participants2019-12-3160
Total funding liabilities for active participants2019-12-31929,169
Total participant count2019-12-31147
Total funding target for all participants2019-12-313,272,249
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3114,588
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3114,588
Present value of excess contributions2019-12-3139
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3141
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-3115,172
Total employer contributions2019-12-3196,855
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-3193,131
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-3148,656
Net shortfall amortization installment of oustanding balance2019-12-31266,019
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3193,125
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-3193,125
Contributions allocatedtoward minimum required contributions for current year2019-12-3193,131
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-01147
Total number of active participants reported on line 7a of the Form 55002019-01-0137
Number of retired or separated participants receiving benefits2019-01-0139
Number of other retired or separated participants entitled to future benefits2019-01-0163
Total of all active and inactive participants2019-01-01139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-0110
Total participants2019-01-01149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-015
2018: LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 2018 401k membership
Market value of plan assets2018-12-313,068,316
Acturial value of plan assets2018-12-313,068,316
Funding target for retired participants and beneficiaries receiving payment2018-12-311,642,102
Number of terminated vested participants2018-12-3137
Fundng target for terminated vested participants2018-12-31538,725
Active participant vested funding target2018-12-31878,183
Number of active participants2018-12-3166
Total funding liabilities for active participants2018-12-31937,040
Total participant count2018-12-31151
Total funding target for all participants2018-12-313,117,867
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3114,026
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-3114,026
Present value of excess contributions2018-12-31139,894
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31148,218
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-3114,588
Total employer contributions2018-12-3194,248
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-3189,481
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-3178,971
Net shortfall amortization installment of oustanding balance2018-12-3164,139
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3189,442
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-3189,442
Contributions allocatedtoward minimum required contributions for current year2018-12-3189,481
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-01151
Total number of active participants reported on line 7a of the Form 55002018-01-0160
Number of retired or separated participants receiving benefits2018-01-0141
Number of other retired or separated participants entitled to future benefits2018-01-0138
Total of all active and inactive participants2018-01-01139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-018
Total participants2018-01-01147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-013

Financial Data on LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS

Measure Date Value
2022 : LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$39,932
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$15,911
Total income from all sources (including contributions)2022-12-31$286,688
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$315,493
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$213,918
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$177,938
Value of total assets at end of year2022-12-31$2,852,011
Value of total assets at beginning of year2022-12-31$2,856,795
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$101,575
Total interest from all sources2022-12-31$108,750
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$10,415
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$34,490
Administrative expenses (other) incurred2022-12-31$91,160
Liabilities. Value of operating payables at end of year2022-12-31$7,140
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-28,805
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,812,079
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,840,884
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
Interest earned on other investments2022-12-31$108,750
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$2,743,053
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$2,799,455
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$177,938
Employer contributions (assets) at end of year2022-12-31$74,468
Employer contributions (assets) at beginning of year2022-12-31$57,340
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$213,918
Liabilities. Value of benefit claims payable at end of year2022-12-31$32,792
Liabilities. Value of benefit claims payable at beginning of year2022-12-31$15,911
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 name2022-12-31WSDD CPAS, LTD.
Accountancy firm EIN2022-12-31362996439
2021 : LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$15,911
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$256,537
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$310,993
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$202,314
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$144,504
Value of total assets at end of year2021-12-31$2,856,795
Value of total assets at beginning of year2021-12-31$2,895,340
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$108,679
Total interest from all sources2021-12-31$112,033
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Administrative expenses professional fees incurred2021-12-31$35,375
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
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
Administrative expenses (other) incurred2021-12-31$73,304
Liabilities. Value of operating payables at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-54,456
Value of net assets at end of year (total assets less liabilities)2021-12-31$2,840,884
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,895,340
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
Interest earned on other investments2021-12-31$112,033
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$2,799,455
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$2,895,340
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$144,504
Employer contributions (assets) at end of year2021-12-31$57,340
Employer contributions (assets) at beginning of year2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$202,314
Liabilities. Value of benefit claims payable at end of year2021-12-31$15,911
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 name2021-12-31WSDD CPAS, LTD.
Accountancy firm EIN2021-12-31362996439
2020 : LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$69,703
Total income from all sources (including contributions)2020-12-31$209,719
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$292,575
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$207,288
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$93,482
Value of total assets at end of year2020-12-31$2,895,340
Value of total assets at beginning of year2020-12-31$3,047,899
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$85,287
Total interest from all sources2020-12-31$116,237
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Administrative expenses professional fees incurred2020-12-31$30,350
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Administrative expenses (other) incurred2020-12-31$54,937
Liabilities. Value of operating payables at end of year2020-12-31$0
Liabilities. Value of operating payables at beginning of year2020-12-31$69,703
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-82,856
Value of net assets at end of year (total assets less liabilities)2020-12-31$2,895,340
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$2,978,196
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Interest earned on other investments2020-12-31$116,237
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$2,895,340
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$3,018,127
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$93,482
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$29,772
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$207,288
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31WSDD CPAS, LTD.
Accountancy firm EIN2020-12-31362996439
2019 : LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$69,703
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$214,444
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$258,335
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$182,432
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$96,855
Value of total assets at end of year2019-12-31$3,047,899
Value of total assets at beginning of year2019-12-31$3,022,087
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$75,903
Total interest from all sources2019-12-31$117,589
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Administrative expenses professional fees incurred2019-12-31$25,400
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Administrative expenses (other) incurred2019-12-31$50,503
Liabilities. Value of operating payables at end of year2019-12-31$69,703
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$-43,891
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,978,196
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,022,087
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Interest earned on other investments2019-12-31$117,589
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$3,018,127
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$2,967,918
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$96,855
Employer contributions (assets) at end of year2019-12-31$29,772
Employer contributions (assets) at beginning of year2019-12-31$54,169
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$182,432
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31WSDD CPAS, LTD.
Accountancy firm EIN2019-12-31362996439
2018 : LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$211,564
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$259,140
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$180,541
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$94,248
Value of total assets at end of year2018-12-31$3,022,087
Value of total assets at beginning of year2018-12-31$3,069,663
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$78,599
Total interest from all sources2018-12-31$117,316
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Administrative expenses professional fees incurred2018-12-31$42,654
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Administrative expenses (other) incurred2018-12-31$35,945
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-47,576
Value of net assets at end of year (total assets less liabilities)2018-12-31$3,022,087
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$3,069,663
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Interest earned on other investments2018-12-31$117,316
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$16,989
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$16,989
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$2,967,918
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$2,951,457
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$94,248
Employer contributions (assets) at end of year2018-12-31$54,169
Employer contributions (assets) at beginning of year2018-12-31$101,217
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$180,541
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31WEISS, SUGAR, DVORAK & DUSEK, LTD
Accountancy firm EIN2018-12-31362996439

Form 5500 Responses for LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS

2022: LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 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 planYes
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: LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 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
2020: LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: LOC 1139 UE GRP PEN PL FOR EES OF MINNEAPOLIS SCRAPYARDS 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan 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 number12076
Policy instance 1
Insurance contract or identification number12076
Number of Individuals Covered140
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
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?Yes
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
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
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number12076
Policy instance 1
Insurance contract or identification number12076
Number of Individuals Covered143
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
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?Yes
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
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
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number12076
Policy instance 1
Insurance contract or identification number12076
Number of Individuals Covered149
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
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?Yes
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
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
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number12076
Policy instance 1
Insurance contract or identification number12076
Number of Individuals Covered141
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
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?Yes
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
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
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number12076
Policy instance 1
Insurance contract or identification number12076
Number of Individuals Covered147
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
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?Yes
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
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

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