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GETRAG CORPORATION 401(K) PLAN AND TRUST 401k Plan overview

Plan NameGETRAG CORPORATION 401(K) PLAN AND TRUST
Plan identification number 002

GETRAG CORPORATION 401(K) PLAN AND TRUST Benefits

401k Plan TypeDefined 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.
  • Life insurance

401k Sponsoring company profile

GKN DRIVELINE NEWTON, LLC has sponsored the creation of one or more 401k plans.

Company Name:GKN DRIVELINE NEWTON, LLC
Employer identification number (EIN):510260034
NAIC Classification:336300

Additional information about GKN DRIVELINE NEWTON, LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date: 1980-12-11
Company Identification Number: 0904409
Legal Registered Office Address: 2711 Centerville Rd
Suite 400
Wilmington
United States of America (USA)
19808

More information about GKN DRIVELINE NEWTON, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GETRAG CORPORATION 401(K) PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022009-01-01BRENDA C. LEWIS
0022007-01-01BRENDA LEWIS

Plan Statistics for GETRAG CORPORATION 401(K) PLAN AND TRUST

401k plan membership statisitcs for GETRAG CORPORATION 401(K) PLAN AND TRUST

Measure Date Value
2009: GETRAG CORPORATION 401(K) PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-01895
Total number of active participants reported on line 7a of the Form 55002009-01-01587
Number of retired or separated participants receiving benefits2009-01-0123
Number of other retired or separated participants entitled to future benefits2009-01-0162
Total of all active and inactive participants2009-01-01672
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01672
Number of participants with account balances2009-01-01651
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-01146
2007: GETRAG CORPORATION 401(K) PLAN AND TRUST 2007 401k membership
Total participants, beginning-of-year2007-01-01749
Total number of active participants reported on line 7a of the Form 55002007-01-01701
Number of retired or separated participants receiving benefits2007-01-010
Number of other retired or separated participants entitled to future benefits2007-01-0162
Total of all active and inactive participants2007-01-01763
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2007-01-010
Total participants2007-01-01763
Number of participants with account balances2007-01-01763
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-01-0150

Financial Data on GETRAG CORPORATION 401(K) PLAN AND TRUST

Measure Date Value
2010 : GETRAG CORPORATION 401(K) PLAN AND TRUST 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$5,442,515
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$2,162,288
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,996,637
Expenses. Certain deemed distributions of participant loans2010-12-31$145,488
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$2,694,744
Value of total assets at end of year2010-12-31$28,476,158
Value of total assets at beginning of year2010-12-31$25,195,931
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$20,163
Total interest from all sources2010-12-31$362,224
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,405,417
Participant contributions at end of year2010-12-31$2,252,576
Participant contributions at beginning of year2010-12-31$2,236,953
Participant contributions at end of year2010-12-31$36
Participant contributions at beginning of year2010-12-31$0
Assets. Other investments not covered elsewhere at end of year2010-12-31$140,981
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$144,943
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$14,703
Other income not declared elsewhere2010-12-31$870
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$3,280,227
Value of net assets at end of year (total assets less liabilities)2010-12-31$28,476,158
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$25,195,931
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in pooled separate accounts at end of year2010-12-31$19,210,637
Value of interest in pooled separate accounts at beginning of year2010-12-31$17,223,233
Interest on participant loans2010-12-31$133,695
Interest earned on other investments2010-12-31$228,529
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$5,894,746
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$5,590,802
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$4,832
Net investment gain/loss from pooled separate accounts2010-12-31$2,384,677
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$1,274,624
Employer contributions (assets) at end of year2010-12-31$977,182
Employer contributions (assets) at beginning of year2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,991,805
Contract administrator fees2010-12-31$20,163
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31LANGFORD DE KOCK LLP
Accountancy firm EIN2010-12-31300114818

Form 5500 Responses for GETRAG CORPORATION 401(K) PLAN AND TRUST

2009: GETRAG CORPORATION 401(K) PLAN AND TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan benefit arrangement – InsuranceYes
2007: GETRAG CORPORATION 401(K) PLAN AND TRUST 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01Submission has been amendedYes
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo
2007-01-01Plan funding arrangement – InsuranceYes
2007-01-01Plan benefit arrangement – InsuranceYes

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