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FLOW CONTROL SAVINGS PLAN 401k Plan overview

Plan NameFLOW CONTROL SAVINGS PLAN
Plan identification number 002

FLOW CONTROL SAVINGS PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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.
  • 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

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

Company Name:XYLEM INC.
Employer identification number (EIN):452080495
NAIC Classification:333200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FLOW CONTROL SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022019-01-01
0022013-01-01DAWN DERUE JOHN P. CONNOLLY2014-10-10
0022012-01-01DAWN DERUE
0022011-01-01PAMELA SCHEID

Plan Statistics for FLOW CONTROL SAVINGS PLAN

401k plan membership statisitcs for FLOW CONTROL SAVINGS PLAN

Measure Date Value
2019: FLOW CONTROL SAVINGS PLAN 2019 401k membership
Market value of plan assets2019-12-3196,543,295
Acturial value of plan assets2019-12-31101,204,032
Funding target for retired participants and beneficiaries receiving payment2019-12-3151,441,670
Number of terminated vested participants2019-12-31302
Fundng target for terminated vested participants2019-12-317,133,238
Active participant vested funding target2019-12-3130,194,522
Number of active participants2019-12-31696
Total funding liabilities for active participants2019-12-3131,214,273
Total participant count2019-12-311,956
Total funding target for all participants2019-12-3189,789,181
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
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 balance2019-12-310
Present value of excess contributions2019-12-311,740,809
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-311,839,513
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 year2019-12-310
Total employer contributions2019-12-310
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 date2019-12-310
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 cost2019-12-312,316,980
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-011,953
Total number of active participants reported on line 7a of the Form 55002019-01-01637
Number of retired or separated participants receiving benefits2019-01-01878
Number of other retired or separated participants entitled to future benefits2019-01-01203
Total of all active and inactive participants2019-01-011,718
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-01133
Total participants2019-01-011,851
Number of participants with account balances2019-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-014
2013: FLOW CONTROL SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0129
Total number of active participants reported on line 7a of the Form 55002013-01-010
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-010
Number of participants with account balances2013-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: FLOW CONTROL SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0124
Total number of active participants reported on line 7a of the Form 55002012-01-0121
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-018
Total of all active and inactive participants2012-01-0129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0129
Number of participants with account balances2012-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: FLOW CONTROL SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0133
Total number of active participants reported on line 7a of the Form 55002011-01-010
Number of retired or separated participants receiving benefits2011-01-0118
Number of other retired or separated participants entitled to future benefits2011-01-016
Total of all active and inactive participants2011-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0124
Number of participants with account balances2011-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on FLOW CONTROL SAVINGS PLAN

Measure Date Value
2019 : FLOW CONTROL SAVINGS PLAN 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets2019-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$94,676
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$69,265
Expenses. Interest paid2019-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022019-12-31$0
Total income from all sources (including contributions)2019-12-31$16,288,763
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$8,610,776
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$7,545,718
Value of total corrective distributions2019-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$0
Value of total assets at end of year2019-12-31$104,315,958
Value of total assets at beginning of year2019-12-31$96,612,560
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$1,065,058
Total income from rents2019-12-31$0
Total interest from all sources2019-12-31$1,272,024
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$792,623
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$792,623
Administrative expenses professional fees incurred2019-12-31$165,593
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$5,000,000
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Amount of non-exempt transactions with any party-in-interest2019-12-31$0
Contributions received from participants2019-12-31$0
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$0
Assets. Other investments not covered elsewhere at end of year2019-12-31$721,163
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
Other income not declared elsewhere2019-12-31$0
Administrative expenses (other) incurred2019-12-31$535,638
Liabilities. Value of operating payables at end of year2019-12-31$94,676
Liabilities. Value of operating payables at beginning of year2019-12-31$69,265
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
Income. Non cash contributions2019-12-31$0
Value of net income/loss2019-12-31$7,677,987
Value of net assets at end of year (total assets less liabilities)2019-12-31$104,221,282
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$96,543,295
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
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2019-12-31$0
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2019-12-31$0
Investment advisory and management fees2019-12-31$130,889
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$10,375,894
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$50,589,324
Value of interest in pooled separate accounts at end of year2019-12-31$1,366,809
Value of interest in pooled separate accounts at beginning of year2019-12-31$19,461,029
Income. Interest from loans (other than to participants)2019-12-31$0
Interest earned on other investments2019-12-31$0
Income. Interest from US Government securities2019-12-31$0
Income. Interest from corporate debt instruments2019-12-31$0
Value of interest in common/collective trusts at end of year2019-12-31$11,204,558
Value of interest in common/collective trusts at beginning of year2019-12-31$26,562,207
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$1,272,024
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Asset value of US Government securities at end of year2019-12-31$1,502,622
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$12,507,103
Net investment gain/loss from pooled separate accounts2019-12-31$0
Net investment gain or loss from common/collective trusts2019-12-31$1,717,013
Net gain/loss from 103.12 investment entities2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
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$0
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Income. Dividends from preferred stock2019-12-31$0
Income. Dividends from common stock2019-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$7,545,718
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$79,144,912
Contract administrator fees2019-12-31$232,938
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$0
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
Aggregate proceeds on sale of assets2019-12-31$0
Aggregate carrying amount (costs) on sale of assets2019-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31CROWE LLP
Accountancy firm EIN2019-12-31350921680
2013 : FLOW CONTROL SAVINGS PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$-358,160
Total income from all sources2013-12-31$46,666
Expenses. Total of all expenses incurred2013-12-31$159,902
Benefits paid (including direct rollovers)2013-12-31$159,877
Total plan assets at end of year2013-12-31$0
Total plan assets at beginning of year2013-12-31$471,396
Value of fidelity bond covering the plan2013-12-31$15,000,000
Expenses. Other expenses not covered elsewhere2013-12-31$25
Other income received2013-12-31$46,666
Net income (gross income less expenses)2013-12-31$-113,236
Net plan assets at end of year (total assets less liabilities)2013-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$471,396
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : FLOW CONTROL SAVINGS PLAN 2012 401k financial data
Total income from all sources2012-12-31$46,884
Expenses. Total of all expenses incurred2012-12-31$126,880
Benefits paid (including direct rollovers)2012-12-31$126,880
Total plan assets at end of year2012-12-31$471,396
Total plan assets at beginning of year2012-12-31$551,392
Value of fidelity bond covering the plan2012-12-31$15,000,000
Other income received2012-12-31$46,884
Net income (gross income less expenses)2012-12-31$-79,996
Net plan assets at end of year (total assets less liabilities)2012-12-31$471,396
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$551,392
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : FLOW CONTROL SAVINGS PLAN 2011 401k financial data
Total income from all sources2011-12-31$13,940
Expenses. Total of all expenses incurred2011-12-31$157,815
Benefits paid (including direct rollovers)2011-12-31$157,815
Total plan assets at end of year2011-12-31$551,392
Total plan assets at beginning of year2011-12-31$695,267
Value of fidelity bond covering the plan2011-12-31$15,000,000
Other income received2011-12-31$13,940
Net income (gross income less expenses)2011-12-31$-143,875
Net plan assets at end of year (total assets less liabilities)2011-12-31$551,392
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$695,267
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0

Form 5500 Responses for FLOW CONTROL SAVINGS PLAN

2019: FLOW CONTROL SAVINGS PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
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 planYes
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2013: FLOW CONTROL SAVINGS PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingYes
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: FLOW CONTROL SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: FLOW CONTROL SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number611083
Policy instance 1
Insurance contract or identification number611083
Number of Individuals Covered1707
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
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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