401k Plan data: VALMET, INC. RETIREMENT SAVINGS PLAN plan

VALMET, INC. RETIREMENT SAVINGS PLAN 401k Plan overview

Plan Name	VALMET, INC. RETIREMENT SAVINGS PLAN
Plan identification number	024

VALMET, INC. RETIREMENT 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.
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) received services of leased employees, as defined in Code section 414(n), during the plan year.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name: VALMET, INC.

Employer identification number (EIN): 561508400

NAIC Classification: 333200

Additional information about VALMET, INC.

Jurisdiction of Incorporation: Georgia Department of States Corporations Division

Incorporation Date: 2007-01-08

Company Identification Number: 1220805

Legal Registered Office Address: 2425 Commerce Avenue
Suite 100
Duluth
United States of America (USA)
30096

More information about VALMET, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VALMET, INC. RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
024 2022-01-01
024 2021-01-01
024 2020-01-01
024 2019-01-01
024 2018-01-01
024 2017-01-01 KEISHA STEWART
024 2016-01-01 KEISHA STEWART
024 2015-01-01 KEISHA STEWART
024 2015-01-01 KEISHA STEWART
024 2014-01-01 TERRI B DEMCHAK
024 2010-01-01 BOB MANIACI 2011-10-12

Plan Statistics for VALMET, INC. RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for VALMET, INC. RETIREMENT SAVINGS PLAN

Measure Date Value
2022: VALMET, INC. RETIREMENT SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 2,499
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 1,875
Number of retired or separated participants receiving benefits 2022-01-01 12
Number of other retired or separated participants entitled to future benefits 2022-01-01 618
Total of all active and inactive participants 2022-01-01 2,505
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 13
Total participants 2022-01-01 2,518
Number of participants with account balances 2022-01-01 1,773
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 57
2021: VALMET, INC. RETIREMENT SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 1,902
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 1,257
Number of retired or separated participants receiving benefits 2021-01-01 12
Number of other retired or separated participants entitled to future benefits 2021-01-01 511
Total of all active and inactive participants 2021-01-01 1,780
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 16
Total participants 2021-01-01 1,796
Number of participants with account balances 2021-01-01 1,724
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 58
2020: VALMET, INC. RETIREMENT SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 1,615
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 1,294
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 557
Total of all active and inactive participants 2020-01-01 1,851
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 24
Total participants 2020-01-01 1,875
Number of participants with account balances 2020-01-01 1,809
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 56
2019: VALMET, INC. RETIREMENT SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 1,544
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 1,133
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 469
Total of all active and inactive participants 2019-01-01 1,602
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 13
Total participants 2019-01-01 1,615
Number of participants with account balances 2019-01-01 1,558
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 14
2018: VALMET, INC. RETIREMENT SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 1,502
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 1,043
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 486
Total of all active and inactive participants 2018-01-01 1,529
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 15
Total participants 2018-01-01 1,544
Number of participants with account balances 2018-01-01 1,466
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 19
2017: VALMET, INC. RETIREMENT SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 1,561
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 1,030
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 463
Total of all active and inactive participants 2017-01-01 1,493
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 9
Total participants 2017-01-01 1,502
Number of participants with account balances 2017-01-01 1,455
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 11
2016: VALMET, INC. RETIREMENT SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 1,600
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 1,062
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 488
Total of all active and inactive participants 2016-01-01 1,550
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 10
Total participants 2016-01-01 1,560
Number of participants with account balances 2016-01-01 1,508
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 30
2015: VALMET, INC. RETIREMENT SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 1,393
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 1,141
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 445
Total of all active and inactive participants 2015-01-01 1,586
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 13
Total participants 2015-01-01 1,599
Number of participants with account balances 2015-01-01 1,541
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 10
2014: VALMET, INC. RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 1,362
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 956
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 426
Total of all active and inactive participants 2014-01-01 1,382
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 9
Total participants 2014-01-01 1,391
Number of participants with account balances 2014-01-01 1,335
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 15

Measure	Date	Value
2022: VALMET, INC. RETIREMENT SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	2,499
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	1,875
Number of retired or separated participants receiving benefits	2022-01-01	12
Number of other retired or separated participants entitled to future benefits	2022-01-01	618
Total of all active and inactive participants	2022-01-01	2,505
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	13
Total participants	2022-01-01	2,518
Number of participants with account balances	2022-01-01	1,773
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	57
2021: VALMET, INC. RETIREMENT SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	1,902
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	1,257
Number of retired or separated participants receiving benefits	2021-01-01	12
Number of other retired or separated participants entitled to future benefits	2021-01-01	511
Total of all active and inactive participants	2021-01-01	1,780
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	16
Total participants	2021-01-01	1,796
Number of participants with account balances	2021-01-01	1,724
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	58
2020: VALMET, INC. RETIREMENT SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	1,615
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	1,294
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	557
Total of all active and inactive participants	2020-01-01	1,851
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	24
Total participants	2020-01-01	1,875
Number of participants with account balances	2020-01-01	1,809
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	56
2019: VALMET, INC. RETIREMENT SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	1,544
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	1,133
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	469
Total of all active and inactive participants	2019-01-01	1,602
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	13
Total participants	2019-01-01	1,615
Number of participants with account balances	2019-01-01	1,558
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	14
2018: VALMET, INC. RETIREMENT SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	1,502
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	1,043
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	486
Total of all active and inactive participants	2018-01-01	1,529
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	15
Total participants	2018-01-01	1,544
Number of participants with account balances	2018-01-01	1,466
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	19
2017: VALMET, INC. RETIREMENT SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	1,561
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	1,030
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	463
Total of all active and inactive participants	2017-01-01	1,493
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	9
Total participants	2017-01-01	1,502
Number of participants with account balances	2017-01-01	1,455
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	11
2016: VALMET, INC. RETIREMENT SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	1,600
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	1,062
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	488
Total of all active and inactive participants	2016-01-01	1,550
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	10
Total participants	2016-01-01	1,560
Number of participants with account balances	2016-01-01	1,508
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	30
2015: VALMET, INC. RETIREMENT SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	1,393
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	1,141
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	445
Total of all active and inactive participants	2015-01-01	1,586
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	13
Total participants	2015-01-01	1,599
Number of participants with account balances	2015-01-01	1,541
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	10
2014: VALMET, INC. RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	1,362
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	956
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	426
Total of all active and inactive participants	2014-01-01	1,382
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	9
Total participants	2014-01-01	1,391
Number of participants with account balances	2014-01-01	1,335
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	15

Financial Data on VALMET, INC. RETIREMENT SAVINGS PLAN

Measure	Date	Value
2022 : VALMET, INC. RETIREMENT SAVINGS PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-40,819,520
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$18,097,470
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$17,889,985
Expenses. Certain deemed distributions of participant loans	2022-12-31	$2,448
Value of total corrective distributions	2022-12-31	$6,302
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$15,805,759
Value of total assets at end of year	2022-12-31	$256,560,500
Value of total assets at beginning of year	2022-12-31	$315,477,490
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$198,735
Total interest from all sources	2022-12-31	$103,777
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$4,290,042
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	$4,290,042
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$1,000,000
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	$10,938,872
Participant contributions at end of year	2022-12-31	$2,202,094
Participant contributions at beginning of year	2022-12-31	$2,171,524
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$2,150,034
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2022-12-31	$15,541
Other income not declared elsewhere	2022-12-31	$316,267
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	$-58,916,990
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$256,560,500
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$315,477,490
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$202,945,193
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$240,808,984
Interest on participant loans	2022-12-31	$103,777
Value of interest in common/collective trusts at end of year	2022-12-31	$51,413,213
Value of interest in common/collective trusts at beginning of year	2022-12-31	$72,496,982
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-51,485,965
Net investment gain or loss from common/collective trusts	2022-12-31	$-9,849,400
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	No
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	$2,716,853
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$17,874,444
Contract administrator fees	2022-12-31	$198,735
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	JMM CPA
Accountancy firm EIN	2022-12-31	472940358
2021 : VALMET, INC. RETIREMENT SAVINGS PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
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	$51,364,302
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$37,019,852
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$36,776,715
Expenses. Certain deemed distributions of participant loans	2021-12-31	$1,675
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$16,201,043
Value of total assets at end of year	2021-12-31	$315,477,490
Value of total assets at beginning of year	2021-12-31	$301,133,040
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$241,462
Total interest from all sources	2021-12-31	$119,900
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$2,729,780
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	$2,729,780
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	Yes
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	$10,475,936
Participant contributions at end of year	2021-12-31	$2,171,524
Participant contributions at beginning of year	2021-12-31	$2,288,481
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$3,034,491
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2021-12-31	$13,751
Other income not declared elsewhere	2021-12-31	$320,912
Administrative expenses (other) incurred	2021-12-31	$70,625
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	$14,344,450
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$315,477,490
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$301,133,040
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$240,808,984
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$223,472,437
Interest on participant loans	2021-12-31	$119,900
Value of interest in common/collective trusts at end of year	2021-12-31	$72,496,982
Value of interest in common/collective trusts at beginning of year	2021-12-31	$75,369,029
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$23,939,076
Net investment gain or loss from common/collective trusts	2021-12-31	$8,053,591
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	No
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	$2,690,616
Employer contributions (assets) at beginning of year	2021-12-31	$3,093
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$36,762,964
Contract administrator fees	2021-12-31	$170,837
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	Yes
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	JMM CPA
Accountancy firm EIN	2021-12-31	472940358
2020 : VALMET, INC. RETIREMENT SAVINGS PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets	2020-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2020-12-31	$0
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total transfer of assets to this plan	2020-12-31	$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	$0
Expenses. Interest paid	2020-12-31	$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$65,817,002
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$31,694,286
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$31,457,282
Expenses. Certain deemed distributions of participant loans	2020-12-31	$4,795
Value of total corrective distributions	2020-12-31	$35,585
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$14,304,171
Value of total assets at end of year	2020-12-31	$301,133,040
Value of total assets at beginning of year	2020-12-31	$267,010,324
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$196,624
Total income from rents	2020-12-31	$0
Total interest from all sources	2020-12-31	$122,429
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$2,041,312
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	$2,041,312
Administrative expenses professional fees incurred	2020-12-31	$0
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$1,000,000
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
Amount of non-exempt transactions with any party-in-interest	2020-12-31	$0
Contributions received from participants	2020-12-31	$10,381,958
Participant contributions at end of year	2020-12-31	$2,288,481
Participant contributions at beginning of year	2020-12-31	$2,023,032
Participant contributions at end of year	2020-12-31	$0
Participant contributions at beginning of year	2020-12-31	$0
Assets. Other investments not covered elsewhere at beginning of year	2020-12-31	$51,611,722
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$1,195,766
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2020-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2020-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-12-31	$0
Other income not declared elsewhere	2020-12-31	$-99,668
Administrative expenses (other) incurred	2020-12-31	$196,624
Liabilities. Value of operating payables at beginning of year	2020-12-31	$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	2020-12-31	No
Income. Non cash contributions	2020-12-31	$0
Value of net income/loss	2020-12-31	$34,122,716
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$301,133,040
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$267,010,324
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
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 year	2020-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2020-12-31	$0
Investment advisory and management fees	2020-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$223,472,437
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$167,287,509
Interest on participant loans	2020-12-31	$122,429
Income. Interest from loans (other than to participants)	2020-12-31	$0
Interest earned on other investments	2020-12-31	$0
Income. Interest from US Government securities	2020-12-31	$0
Income. Interest from corporate debt instruments	2020-12-31	$0
Value of interest in common/collective trusts at end of year	2020-12-31	$75,369,029
Value of interest in common/collective trusts at beginning of year	2020-12-31	$46,088,061
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2020-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$42,111,769
Net investment gain/loss from pooled separate accounts	2020-12-31	$0
Net investment gain or loss from common/collective trusts	2020-12-31	$7,336,989
Net gain/loss from 103.12 investment entities	2020-12-31	$0
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	No
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	$2,726,447
Employer contributions (assets) at end of year	2020-12-31	$3,093
Employer contributions (assets) at beginning of year	2020-12-31	$0
Income. Dividends from preferred stock	2020-12-31	$0
Income. Dividends from common stock	2020-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$31,457,282
Contract administrator fees	2020-12-31	$0
Liabilities. Value of benefit claims payable at beginning of year	2020-12-31	$0
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
Aggregate proceeds on sale of assets	2020-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2020-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2020-12-31	$0
Opinion of an independent qualified public accountant for this plan	2020-12-31	Unqualified
Accountancy firm name	2020-12-31	JMM CPA
Accountancy firm EIN	2020-12-31	472940358
2019 : VALMET, INC. RETIREMENT SAVINGS PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total transfer of assets to this plan	2019-12-31	$51,611,722
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
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	$51,219,402
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$22,614,607
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$22,491,335
Expenses. Certain deemed distributions of participant loans	2019-12-31	$-40,987
Value of total corrective distributions	2019-12-31	$8,457
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$11,483,752
Value of total assets at end of year	2019-12-31	$267,010,324
Value of total assets at beginning of year	2019-12-31	$186,793,807
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$155,802
Total interest from all sources	2019-12-31	$110,203
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$2,219,388
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	$2,219,388
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	Yes
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	$8,296,536
Participant contributions at end of year	2019-12-31	$2,023,032
Participant contributions at beginning of year	2019-12-31	$2,243,872
Assets. Other investments not covered elsewhere at end of year	2019-12-31	$51,611,722
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$1,045,600
Other income not declared elsewhere	2019-12-31	$-3,479
Administrative expenses (other) incurred	2019-12-31	$155,802
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	$28,604,795
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$267,010,324
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$186,793,807
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$167,287,509
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$141,819,707
Interest on participant loans	2019-12-31	$110,203
Value of interest in common/collective trusts at end of year	2019-12-31	$46,088,061
Value of interest in common/collective trusts at beginning of year	2019-12-31	$42,730,228
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$32,091,844
Net investment gain or loss from common/collective trusts	2019-12-31	$5,317,694
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	No
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	$2,141,616
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$22,491,335
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	Yes
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	JAMES M MOYNA CPA, PC
Accountancy firm EIN	2019-12-31	472940358
2018 : VALMET, INC. RETIREMENT SAVINGS PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets	2018-12-31	$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	$337,338
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$18,280,454
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$18,115,441
Value of total corrective distributions	2018-12-31	$9,113
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$9,749,006
Value of total assets at end of year	2018-12-31	$186,793,807
Value of total assets at beginning of year	2018-12-31	$204,736,923
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$155,900
Total interest from all sources	2018-12-31	$115,520
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$2,078,018
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	$2,078,018
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	$7,647,049
Participant contributions at end of year	2018-12-31	$2,243,872
Participant contributions at beginning of year	2018-12-31	$2,413,604
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$209,826
Other income not declared elsewhere	2018-12-31	$4,015
Administrative expenses (other) incurred	2018-12-31	$155,900
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	$-1
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	$-17,943,116
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$186,793,807
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$204,736,923
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$141,819,707
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$158,329,617
Interest on participant loans	2018-12-31	$115,520
Value of interest in common/collective trusts at end of year	2018-12-31	$42,730,228
Value of interest in common/collective trusts at beginning of year	2018-12-31	$43,993,703
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-11,490,876
Net investment gain or loss from common/collective trusts	2018-12-31	$-118,345
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	No
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	$1,892,131
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$18,115,441
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	JAMES M MOYNA CPA, PC
Accountancy firm EIN	2018-12-31	472940358
2017 : VALMET, INC. RETIREMENT SAVINGS PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets	2017-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total income from all sources (including contributions)	2017-12-31	$41,498,732
Total loss/gain on sale of assets	2017-12-31	$0
Total of all expenses incurred	2017-12-31	$15,670,356
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$15,444,693
Value of total corrective distributions	2017-12-31	$33,848
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$10,732,388
Value of total assets at end of year	2017-12-31	$204,736,923
Value of total assets at beginning of year	2017-12-31	$178,908,547
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$191,815
Total interest from all sources	2017-12-31	$107,037
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$1,801,417
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2017-12-31	$1,801,417
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$500,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$7,559,735
Participant contributions at end of year	2017-12-31	$2,413,604
Participant contributions at beginning of year	2017-12-31	$2,517,582
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$1,220,770
Other income not declared elsewhere	2017-12-31	$715
Administrative expenses (other) incurred	2017-12-31	$191,815
Total non interest bearing cash at end of year	2017-12-31	$-1
Total non interest bearing cash at beginning of year	2017-12-31	$-1
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$25,828,376
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$204,736,923
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$178,908,547
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$158,329,617
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$134,384,716
Interest on participant loans	2017-12-31	$107,037
Value of interest in common/collective trusts at end of year	2017-12-31	$43,993,703
Value of interest in common/collective trusts at beginning of year	2017-12-31	$42,006,250
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$25,235,501
Net investment gain or loss from common/collective trusts	2017-12-31	$3,621,674
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Contributions received in cash from employer	2017-12-31	$1,951,883
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$15,444,693
Did the plan have assets held for investment	2017-12-31	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	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	JAMES M MOYNA, CPA, PC
Accountancy firm EIN	2017-12-31	472940358
2016 : VALMET, INC. RETIREMENT SAVINGS PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets	2016-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total income from all sources (including contributions)	2016-12-31	$22,468,074
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$11,526,919
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$11,271,595
Expenses. Certain deemed distributions of participant loans	2016-12-31	$38,030
Value of total corrective distributions	2016-12-31	$40,146
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$10,446,452
Value of total assets at end of year	2016-12-31	$178,908,547
Value of total assets at beginning of year	2016-12-31	$167,967,392
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$177,148
Total interest from all sources	2016-12-31	$104,824
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$1,759,899
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2016-12-31	$1,759,899
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$500,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$7,387,470
Participant contributions at end of year	2016-12-31	$2,517,582
Participant contributions at beginning of year	2016-12-31	$2,352,254
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$1,122,703
Other income not declared elsewhere	2016-12-31	$355
Administrative expenses (other) incurred	2016-12-31	$177,148
Total non interest bearing cash at end of year	2016-12-31	$-1
Total non interest bearing cash at beginning of year	2016-12-31	$-154
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$10,941,155
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$178,908,547
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$167,967,392
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$134,384,716
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$126,307,708
Interest on participant loans	2016-12-31	$104,824
Value of interest in common/collective trusts at end of year	2016-12-31	$42,006,250
Value of interest in common/collective trusts at beginning of year	2016-12-31	$39,307,584
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$8,128,987
Net investment gain or loss from common/collective trusts	2016-12-31	$2,027,557
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$1,936,279
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$11,271,595
Did the plan have assets held for investment	2016-12-31	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	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	JAMES M MOYNA, CPA, PC
Accountancy firm EIN	2016-12-31	472940358
2015 : VALMET, INC. RETIREMENT SAVINGS PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets	2015-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total income from all sources (including contributions)	2015-12-31	$20,693,402
Total loss/gain on sale of assets	2015-12-31	$0
Total of all expenses incurred	2015-12-31	$10,339,935
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$10,139,395
Expenses. Certain deemed distributions of participant loans	2015-12-31	$5,043
Value of total corrective distributions	2015-12-31	$15,319
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$19,955,351
Value of total assets at end of year	2015-12-31	$167,967,392
Value of total assets at beginning of year	2015-12-31	$157,613,925
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$180,178
Total interest from all sources	2015-12-31	$101,887
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$1,469,680
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2015-12-31	$1,469,680
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$500,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$7,019,738
Participant contributions at end of year	2015-12-31	$2,352,254
Participant contributions at beginning of year	2015-12-31	$2,305,824
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$11,013,456
Other income not declared elsewhere	2015-12-31	$8,243
Administrative expenses (other) incurred	2015-12-31	$180,178
Total non interest bearing cash at end of year	2015-12-31	$-154
Total non interest bearing cash at beginning of year	2015-12-31	$9,596
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$10,353,467
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$167,967,392
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$157,613,925
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$126,307,708
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$121,603,418
Interest on participant loans	2015-12-31	$101,887
Value of interest in common/collective trusts at end of year	2015-12-31	$39,307,584
Value of interest in common/collective trusts at beginning of year	2015-12-31	$33,695,087
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-1,270,799
Net investment gain or loss from common/collective trusts	2015-12-31	$429,040
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$1,922,157
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$10,139,395
Did the plan have assets held for investment	2015-12-31	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	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	SCHENCK SC
Accountancy firm EIN	2015-12-31	391173131
2014 : VALMET, INC. RETIREMENT SAVINGS PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets	2014-12-31	$0
Total transfer of assets to this plan	2014-12-31	$152,449,907
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total income from all sources (including contributions)	2014-12-31	$16,468,289
Total loss/gain on sale of assets	2014-12-31	$0
Total of all expenses incurred	2014-12-31	$11,304,271
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$10,965,115
Expenses. Certain deemed distributions of participant loans	2014-12-31	$174,848
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$7,884,266
Value of total assets at end of year	2014-12-31	$157,613,925
Value of total assets at beginning of year	2014-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$164,308
Total interest from all sources	2014-12-31	$95,336
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$1,542,820
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2014-12-31	$1,542,820
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2014-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$5,588,619
Participant contributions at end of year	2014-12-31	$2,305,824
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$554,807
Administrative expenses (other) incurred	2014-12-31	$164,308
Total non interest bearing cash at end of year	2014-12-31	$9,596
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$5,164,018
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$157,613,925
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$121,603,418
Interest on participant loans	2014-12-31	$95,336
Value of interest in common/collective trusts at end of year	2014-12-31	$33,695,087
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$5,344,642
Net investment gain or loss from common/collective trusts	2014-12-31	$1,601,225
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$1,740,840
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$10,965,115
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	2014-12-31	Yes
Did the plan have assets held for investment	2014-12-31	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	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	SCHENCK SC
Accountancy firm EIN	2014-12-31	391173131

Form 5500 Responses for VALMET, INC. RETIREMENT SAVINGS PLAN

2022: VALMET, INC. RETIREMENT SAVINGS PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: VALMET, INC. RETIREMENT SAVINGS PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: VALMET, INC. RETIREMENT SAVINGS PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: VALMET, INC. RETIREMENT SAVINGS PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: VALMET, INC. RETIREMENT SAVINGS PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: VALMET, INC. RETIREMENT SAVINGS PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: VALMET, INC. RETIREMENT SAVINGS PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: VALMET, INC. RETIREMENT SAVINGS PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: VALMET, INC. RETIREMENT SAVINGS PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	First time form 5500 has been submitted	Yes
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	VALMET, INC.
Employer identification number (EIN):	561508400
NAIC Classification:	333200

Jurisdiction of Incorporation:	Georgia Department of States Corporations Division
Incorporation Date:	2007-01-08
Company Identification Number:	1220805
Legal Registered Office Address:	2425 Commerce Avenue Suite 100 Duluth United States of America (USA) 30096