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IMTT-LEMONT UNION PENSION PLAN 401k Plan overview

Plan NameIMTT-LEMONT UNION PENSION PLAN
Plan identification number 003

IMTT-LEMONT UNION PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

INTERNATIONAL MATEX TANK TERMINALS has sponsored the creation of one or more 401k plans.

Company Name:INTERNATIONAL MATEX TANK TERMINALS
Employer identification number (EIN):721384798
NAIC Classification:493100

Additional information about INTERNATIONAL MATEX TANK TERMINALS

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 3332942

More information about INTERNATIONAL MATEX TANK TERMINALS

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IMTT-LEMONT UNION PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032017-01-01
0032016-01-01
0032015-01-01
0032014-01-01GERARD ADAM
0032013-01-01GERARD ADAM
0032012-01-01GERARD R ADAM
0032011-01-01GERARD R ADAM
0032009-01-01JAMES COLEMAN JAMES COLEMAN2010-10-13

Plan Statistics for IMTT-LEMONT UNION PENSION PLAN

401k plan membership statisitcs for IMTT-LEMONT UNION PENSION PLAN

Measure Date Value
2017: IMTT-LEMONT UNION PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-318,412,931
Acturial value of plan assets2017-12-318,669,328
Funding target for retired participants and beneficiaries receiving payment2017-12-312,792,617
Number of terminated vested participants2017-12-3134
Fundng target for terminated vested participants2017-12-311,049,567
Active participant vested funding target2017-12-312,799,473
Number of active participants2017-12-3154
Total funding liabilities for active participants2017-12-312,838,659
Total participant count2017-12-31119
Total funding target for all participants2017-12-316,680,843
Balance at beginning of prior year after applicable adjustments2017-12-31328,691
Prefunding balance at beginning of prior year after applicable adjustments2017-12-313,100,652
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-31214,058
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-31114,633
Amount remaining of prefunding balance2017-12-313,100,652
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-31121,545
Reductions in prefunding balances due to elections or deemed elections2017-12-3129,776
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-313,257,845
Total employer contributions2017-12-310
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-310
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31216,516
Net shortfall amortization installment of oustanding balance2017-12-311,269,360
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31424,960
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-31424,960
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-01119
Total number of active participants reported on line 7a of the Form 55002017-01-0162
Number of retired or separated participants receiving benefits2017-01-0127
Number of other retired or separated participants entitled to future benefits2017-01-0134
Total of all active and inactive participants2017-01-01123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-015
Total participants2017-01-01128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-011
2016: IMTT-LEMONT UNION PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-318,180,432
Acturial value of plan assets2016-12-318,658,310
Funding target for retired participants and beneficiaries receiving payment2016-12-312,429,943
Number of terminated vested participants2016-12-3133
Fundng target for terminated vested participants2016-12-31968,429
Active participant vested funding target2016-12-312,825,662
Number of active participants2016-12-3154
Total funding liabilities for active participants2016-12-312,860,154
Total participant count2016-12-31115
Total funding target for all participants2016-12-316,258,526
Balance at beginning of prior year after applicable adjustments2016-12-31474,263
Prefunding balance at beginning of prior year after applicable adjustments2016-12-313,137,994
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-31141,613
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-31332,650
Amount remaining of prefunding balance2016-12-313,137,994
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-31328,691
Balance of prefunding at beginning of current year2016-12-313,100,652
Total employer contributions2016-12-310
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-310
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31214,058
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31214,058
Carryover balance elected to use to offset funding requirement2016-12-31214,058
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-01115
Total number of active participants reported on line 7a of the Form 55002016-01-0154
Number of retired or separated participants receiving benefits2016-01-0126
Number of other retired or separated participants entitled to future benefits2016-01-0134
Total of all active and inactive participants2016-01-01114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-015
Total participants2016-01-01119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-011
2015: IMTT-LEMONT UNION PENSION PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01107
Total number of active participants reported on line 7a of the Form 55002015-01-0154
Number of retired or separated participants receiving benefits2015-01-0125
Number of other retired or separated participants entitled to future benefits2015-01-0133
Total of all active and inactive participants2015-01-01112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-013
Total participants2015-01-01115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-011
2014: IMTT-LEMONT UNION PENSION PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01104
Total number of active participants reported on line 7a of the Form 55002014-01-0150
Number of retired or separated participants receiving benefits2014-01-0122
Number of other retired or separated participants entitled to future benefits2014-01-0131
Total of all active and inactive participants2014-01-01103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-014
Total participants2014-01-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-011
2013: IMTT-LEMONT UNION PENSION PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01102
Total number of active participants reported on line 7a of the Form 55002013-01-0149
Number of retired or separated participants receiving benefits2013-01-0120
Number of other retired or separated participants entitled to future benefits2013-01-0132
Total of all active and inactive participants2013-01-01101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-013
Total participants2013-01-01104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: IMTT-LEMONT UNION PENSION PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01100
Total number of active participants reported on line 7a of the Form 55002012-01-0152
Number of retired or separated participants receiving benefits2012-01-0117
Number of other retired or separated participants entitled to future benefits2012-01-0131
Total of all active and inactive participants2012-01-01100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-012
Total participants2012-01-01102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: IMTT-LEMONT UNION PENSION PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01101
Total number of active participants reported on line 7a of the Form 55002011-01-0151
Number of retired or separated participants receiving benefits2011-01-0116
Number of other retired or separated participants entitled to future benefits2011-01-0130
Total of all active and inactive participants2011-01-0197
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-013
Total participants2011-01-01100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011
2009: IMTT-LEMONT UNION PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01101
Total number of active participants reported on line 7a of the Form 55002009-01-0153
Number of retired or separated participants receiving benefits2009-01-0114
Number of other retired or separated participants entitled to future benefits2009-01-0132
Total of all active and inactive participants2009-01-0199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-012
Total participants2009-01-01101
Number of participants with account balances2009-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on IMTT-LEMONT UNION PENSION PLAN

Measure Date Value
2017 : IMTT-LEMONT UNION PENSION PLAN 2017 401k financial data
Total income from all sources2017-12-31$1,326,225
Expenses. Total of all expenses incurred2017-12-31$310,215
Benefits paid (including direct rollovers)2017-12-31$246,807
Total plan assets at end of year2017-12-31$9,428,941
Total plan assets at beginning of year2017-12-31$8,412,931
Value of fidelity bond covering the plan2017-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2017-12-31$8,211
Other income received2017-12-31$1,326,225
Net income (gross income less expenses)2017-12-31$1,016,010
Net plan assets at end of year (total assets less liabilities)2017-12-31$9,428,941
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$8,412,931
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$55,197
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : IMTT-LEMONT UNION PENSION PLAN 2016 401k financial data
Total income from all sources2016-12-31$503,565
Expenses. Total of all expenses incurred2016-12-31$271,066
Benefits paid (including direct rollovers)2016-12-31$221,988
Total plan assets at end of year2016-12-31$8,412,931
Total plan assets at beginning of year2016-12-31$8,180,432
Value of fidelity bond covering the plan2016-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2016-12-31$473
Other income received2016-12-31$503,565
Net income (gross income less expenses)2016-12-31$232,499
Net plan assets at end of year (total assets less liabilities)2016-12-31$8,412,931
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$8,180,432
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$48,605
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : IMTT-LEMONT UNION PENSION PLAN 2015 401k financial data
Total income from all sources2015-12-31$-84,080
Expenses. Total of all expenses incurred2015-12-31$245,140
Benefits paid (including direct rollovers)2015-12-31$229,422
Total plan assets at end of year2015-12-31$8,180,432
Total plan assets at beginning of year2015-12-31$8,509,652
Value of fidelity bond covering the plan2015-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2015-12-31$287
Other income received2015-12-31$-84,080
Net income (gross income less expenses)2015-12-31$-329,220
Net plan assets at end of year (total assets less liabilities)2015-12-31$8,180,432
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$8,509,652
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$15,431
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : IMTT-LEMONT UNION PENSION PLAN 2014 401k financial data
Total income from all sources2014-12-31$3,016,191
Expenses. Total of all expenses incurred2014-12-31$156,599
Benefits paid (including direct rollovers)2014-12-31$154,215
Total plan assets at end of year2014-12-31$8,509,652
Total plan assets at beginning of year2014-12-31$5,650,060
Value of fidelity bond covering the plan2014-12-31$2,000,000
Other income received2014-12-31$356,191
Net income (gross income less expenses)2014-12-31$2,859,592
Net plan assets at end of year (total assets less liabilities)2014-12-31$8,509,652
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$5,650,060
Total contributions received or receivable from employer(s)2014-12-31$2,660,000
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$2,384
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : IMTT-LEMONT UNION PENSION PLAN 2013 401k financial data
Total income from all sources2013-12-31$1,243,627
Expenses. Total of all expenses incurred2013-12-31$137,368
Benefits paid (including direct rollovers)2013-12-31$137,368
Total plan assets at end of year2013-12-31$5,650,060
Total plan assets at beginning of year2013-12-31$4,543,801
Value of fidelity bond covering the plan2013-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2013-12-31$0
Other income received2013-12-31$793,627
Net income (gross income less expenses)2013-12-31$1,106,259
Net plan assets at end of year (total assets less liabilities)2013-12-31$5,650,060
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$4,543,801
Total contributions received or receivable from employer(s)2013-12-31$450,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : IMTT-LEMONT UNION PENSION PLAN 2012 401k financial data
Total income from all sources2012-12-31$526,684
Expenses. Total of all expenses incurred2012-12-31$120,547
Benefits paid (including direct rollovers)2012-12-31$120,547
Total plan assets at end of year2012-12-31$4,543,801
Total plan assets at beginning of year2012-12-31$4,137,664
Value of fidelity bond covering the plan2012-12-31$2,000,000
Other income received2012-12-31$526,684
Net income (gross income less expenses)2012-12-31$406,137
Net plan assets at end of year (total assets less liabilities)2012-12-31$4,543,801
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$4,137,664
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : IMTT-LEMONT UNION PENSION PLAN 2011 401k financial data
Total income from all sources2011-12-31$374,735
Expenses. Total of all expenses incurred2011-12-31$101,719
Benefits paid (including direct rollovers)2011-12-31$101,719
Total plan assets at end of year2011-12-31$4,137,664
Total plan assets at beginning of year2011-12-31$3,864,648
Value of fidelity bond covering the plan2011-12-31$2,000,000
Other income received2011-12-31$-105,265
Net income (gross income less expenses)2011-12-31$273,016
Net plan assets at end of year (total assets less liabilities)2011-12-31$4,137,664
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$3,864,648
Total contributions received or receivable from employer(s)2011-12-31$480,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : IMTT-LEMONT UNION PENSION PLAN 2010 401k financial data
Total income from all sources2010-12-31$462,747
Expenses. Total of all expenses incurred2010-12-31$98,867
Benefits paid (including direct rollovers)2010-12-31$98,867
Total plan assets at end of year2010-12-31$3,864,648
Total plan assets at beginning of year2010-12-31$3,500,768
Value of fidelity bond covering the plan2010-12-31$2,000,000
Other income received2010-12-31$331,747
Net income (gross income less expenses)2010-12-31$363,880
Net plan assets at end of year (total assets less liabilities)2010-12-31$3,864,648
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$3,500,768
Total contributions received or receivable from employer(s)2010-12-31$131,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0

Form 5500 Responses for IMTT-LEMONT UNION PENSION PLAN

2017: IMTT-LEMONT UNION PENSION PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: IMTT-LEMONT UNION PENSION PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: IMTT-LEMONT UNION PENSION PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: IMTT-LEMONT UNION PENSION PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: IMTT-LEMONT UNION PENSION PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: IMTT-LEMONT UNION PENSION PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: IMTT-LEMONT UNION PENSION PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: IMTT-LEMONT UNION PENSION PLAN 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 planYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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