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Plan Name | GAM PENSION PLAN |
Plan identification number | 002 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
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Company Name: | GLOBAL ADVANCED METALS USA, INC. |
Employer identification number (EIN): | 453504668 |
NAIC Classification: | 331400 |
Additional information about GLOBAL ADVANCED METALS USA, INC.
Jurisdiction of Incorporation: | State of Delaware Division of Corporations |
Incorporation Date: | |
Company Identification Number: | 5037675 |
More information about GLOBAL ADVANCED METALS USA, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
002 | 2017-01-01 | ||||
002 | 2016-01-01 | ||||
002 | 2015-01-01 | ||||
002 | 2014-01-01 | SCOT LANDIES | 2015-10-13 | ||
002 | 2013-01-01 | SCOT LANDIES | 2014-10-14 | ||
002 | 2012-01-01 | SCOT LANDIES | 2013-10-09 |
Measure | Date | Value |
---|---|---|
2016: GAM PENSION PLAN 2016 401k membership | ||
Market value of plan assets | 2016-12-31 | 1,093,260 |
Acturial value of plan assets | 2016-12-31 | 1,093,260 |
Funding target for retired participants and beneficiaries receiving payment | 2016-12-31 | 324,725 |
Number of terminated vested participants | 2016-12-31 | 1 |
Fundng target for terminated vested participants | 2016-12-31 | 2,566 |
Active participant vested funding target | 2016-12-31 | 1,179,788 |
Number of active participants | 2016-12-31 | 73 |
Total funding liabilities for active participants | 2016-12-31 | 1,227,513 |
Total participant count | 2016-12-31 | 83 |
Total funding target for all participants | 2016-12-31 | 1,554,804 |
Balance at beginning of prior year after applicable adjustments | 2016-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2016-12-31 | 10,747 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2016-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2016-12-31 | 0 |
Amount remaining of carryover balance | 2016-12-31 | 0 |
Amount remaining of prefunding balance | 2016-12-31 | 10,747 |
Present value of excess contributions | 2016-12-31 | 189 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2016-12-31 | 200 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2016-12-31 | 200 |
Balance of carryovers at beginning of current year | 2016-12-31 | 0 |
Balance of prefunding at beginning of current year | 2016-12-31 | 10,784 |
Total employer contributions | 2016-12-31 | 1,250,978 |
Total employee contributions | 2016-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2016-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2016-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2016-12-31 | 1,188,620 |
Liquidity shortfalls end of Q1 | 2016-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2016-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2016-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2016-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2016-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2016-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2016-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2016-12-31 | 28,076 |
Net shortfall amortization installment of oustanding balance | 2016-12-31 | 472,328 |
Waiver amortization installment | 2016-12-31 | 0 |
Waived amount of outstanding balance | 2016-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2016-12-31 | 51,447 |
Additional cash requirement | 2016-12-31 | 51,447 |
Contributions allocatedtoward minimum required contributions for current year | 2016-12-31 | 1,188,620 |
Unpaid minimum required contributions for current year | 2016-12-31 | 0 |
Unpaid minimum required contributions for all years | 2016-12-31 | 0 |