401k Plan data: GMF STEEL GROUP 401(K) PLAN plan

GMF STEEL GROUP 401(K) PLAN 401k Plan overview

Plan Name	GMF STEEL GROUP 401(K) PLAN
Plan identification number	001

GMF STEEL GROUP 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
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.

401k Sponsoring company profile

GMF CONSTRUCTION LLC has sponsored the creation of one or more 401k plans.

Company Name: GMF CONSTRUCTION LLC

Employer identification number (EIN): 562457346

NAIC Classification: 332300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GMF STEEL GROUP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 S. ANDREW NORMAN 2023-10-13
001 2021-01-01 S. ANDREW NORMAN 2023-02-15 S. ANDREW NORMAN 2023-02-15
001 2020-01-01
001 2019-01-01

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	S. ANDREW NORMAN	2023-10-13
001	2021-01-01	S. ANDREW NORMAN	2023-02-15	S. ANDREW NORMAN	2023-02-15
001	2020-01-01
001	2019-01-01

Plan Statistics for GMF STEEL GROUP 401(K) PLAN

401k plan membership statisitcs for GMF STEEL GROUP 401(K) PLAN

Measure Date Value
2022: GMF STEEL GROUP 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 122
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 74
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 32
Total of all active and inactive participants 2022-01-01 106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 106
Number of participants with account balances 2022-01-01 96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: GMF STEEL GROUP 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 140
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 73
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 47
Total of all active and inactive participants 2021-01-01 120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 120
Number of participants with account balances 2021-01-01 96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0

Measure	Date	Value
2022: GMF STEEL GROUP 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	122
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	74
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	32
Total of all active and inactive participants	2022-01-01	106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	106
Number of participants with account balances	2022-01-01	96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: GMF STEEL GROUP 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	140
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	73
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	47
Total of all active and inactive participants	2021-01-01	120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	120
Number of participants with account balances	2021-01-01	96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0

Financial Data on GMF STEEL GROUP 401(K) PLAN

Measure	Date	Value
2022 : GMF STEEL GROUP 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$-397,260
Total of all expenses incurred	2022-12-31	$413,210
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$393,351
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$497,279
Value of total assets at end of year	2022-12-31	$4,379,885
Value of total assets at beginning of year	2022-12-31	$5,190,355
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$19,859
Total interest from all sources	2022-12-31	$951
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
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	$333,016
Participant contributions at end of year	2022-12-31	$17,900
Participant contributions at beginning of year	2022-12-31	$21,361
Participant contributions at end of year	2022-12-31	$13,360
Participant contributions at beginning of year	2022-12-31	$0
Total non interest bearing cash at end of year	2022-12-31	$2,336
Total non interest bearing cash at beginning of year	2022-12-31	$2,336
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	$-810,470
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$4,379,885
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$5,190,355
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 pooled separate accounts at end of year	2022-12-31	$4,328,641
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$5,165,958
Interest on participant loans	2022-12-31	$951
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$10,347
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$700
Net investment gain/loss from pooled separate accounts	2022-12-31	$-895,490
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	$164,263
Employer contributions (assets) at end of year	2022-12-31	$7,301
Employer contributions (assets) at beginning of year	2022-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$393,351
Contract administrator fees	2022-12-31	$19,859
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	MOSS ADAMS LLP
Accountancy firm EIN	2022-12-31	910189318
2021 : GMF STEEL GROUP 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$1,201,459
Total of all expenses incurred	2021-12-31	$263,932
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$227,646
Expenses. Certain deemed distributions of participant loans	2021-12-31	$20,377
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$527,200
Value of total assets at end of year	2021-12-31	$5,190,355
Value of total assets at beginning of year	2021-12-31	$4,252,828
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$15,909
Total interest from all sources	2021-12-31	$1,338
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$313,470
Participant contributions at end of year	2021-12-31	$21,361
Participant contributions at beginning of year	2021-12-31	$24,393
Participant contributions at beginning of year	2021-12-31	$20,854
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$67,518
Other income not declared elsewhere	2021-12-31	$1,570
Administrative expenses (other) incurred	2021-12-31	$1,602
Total non interest bearing cash at end of year	2021-12-31	$2,336
Total non interest bearing cash at beginning of year	2021-12-31	$2,329
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	$937,527
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$5,190,355
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$4,252,828
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 pooled separate accounts at end of year	2021-12-31	$5,165,958
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$4,181,803
Interest on participant loans	2021-12-31	$1,298
Interest earned on other investments	2021-12-31	$40
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$700
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$15,117
Net investment gain/loss from pooled separate accounts	2021-12-31	$671,351
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	$146,212
Employer contributions (assets) at beginning of year	2021-12-31	$8,332
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$227,646
Contract administrator fees	2021-12-31	$14,307
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	MOSS ADAMS LLP
Accountancy firm EIN	2021-12-31	910189318

Form 5500 Responses for GMF STEEL GROUP 401(K) PLAN

2022: GMF STEEL GROUP 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
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	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: GMF STEEL GROUP 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
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	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

149843

Policy instance

Insurance contract or identification number	149843
Number of Individuals Covered	202
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $15,567
Total amount of fees paid to insurance company	USD $2,237
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $15,567
Additional information about fees paid to insurance broker	BROKER COMMISSION
Insurance broker organization code?	3
Amount paid for insurance broker fees	2237

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

149843

Policy instance

Insurance contract or identification number	149843
Number of Individuals Covered	199
Insurance policy start date	2021-05-28
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $8,439
Total amount of fees paid to insurance company	USD $1,264
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $8,439
Additional information about fees paid to insurance broker	BROKER COMMISSION
Insurance broker organization code?	3
Amount paid for insurance broker fees	1264

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )

Policy contract number

343078

Policy instance

Insurance contract or identification number	343078
Number of Individuals Covered	0
Insurance policy start date	2021-01-01
Insurance policy end date	2021-05-28
Total amount of commissions paid to insurance broker	USD $7,420
Total amount of fees paid to insurance company	USD $942
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
Commission paid to Insurance Broker	USD $3,710
Additional information about fees paid to insurance broker	BROKER COMMISSION
Insurance broker organization code?	3
Amount paid for insurance broker fees	942

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Company Name:	GMF CONSTRUCTION LLC
Employer identification number (EIN):	562457346
NAIC Classification:	332300