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Plan Name | TRINSEO LLC DEFINED BENEFIT PLAN FOR CERTAIN LEGACY EMPLOYEES OF ARKEMA INC |
Plan identification number | 002 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
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Company Name: | TRINSEO LLC |
Employer identification number (EIN): | 800512509 |
NAIC Classification: | 325200 |
Additional information about TRINSEO LLC
Jurisdiction of Incorporation: | Washington Secretary of State Corporations Division |
Incorporation Date: | 2010-02-04 |
Company Identification Number: | 602992188 |
Legal Registered Office Address: |
505 UNION AVE SE STE120 OLYMPIA United States of America (USA) 98501 |
More information about TRINSEO LLC
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
002 | 2022-01-01 | KRISTIN OLSEN | 2023-10-13 | ||
002 | 2021-05-03 | KRISTIN OLSEN | 2022-10-14 |
Measure | Date | Value |
---|---|---|
2022: TRINSEO LLC DEFINED BENEFIT PLAN FOR CERTAIN LEGACY EMPLOYEES OF ARKEMA INC 2022 401k membership | ||
Market value of plan assets | 2022-12-31 | 17,658,525 |
Acturial value of plan assets | 2022-12-31 | 17,658,525 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 413,983 |
Number of terminated vested participants | 2022-12-31 | 4 |
Fundng target for terminated vested participants | 2022-12-31 | 684,828 |
Active participant vested funding target | 2022-12-31 | 18,011,227 |
Number of active participants | 2022-12-31 | 77 |
Total funding liabilities for active participants | 2022-12-31 | 18,300,249 |
Total participant count | 2022-12-31 | 82 |
Total funding target for all participants | 2022-12-31 | 19,399,060 |
Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 0 |
Amount remaining of carryover balance | 2022-12-31 | 0 |
Amount remaining of prefunding balance | 2022-12-31 | 0 |
Present value of excess contributions | 2022-12-31 | 310,825 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 328,107 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
Balance of prefunding at beginning of current year | 2022-12-31 | 0 |
Total employer contributions | 2022-12-31 | 5,040,000 |
Total employee contributions | 2022-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 4,682,838 |
Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-12-31 | 1,080,170 |
Net shortfall amortization installment of oustanding balance | 2022-12-31 | 1,740,535 |
Waiver amortization installment | 2022-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 1,245,725 |
Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Additional cash requirement | 2022-12-31 | 1,245,725 |
Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 4,682,838 |
Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
2021: TRINSEO LLC DEFINED BENEFIT PLAN FOR CERTAIN LEGACY EMPLOYEES OF ARKEMA INC 2021 401k membership | ||
Market value of plan assets | 2021-12-31 | 18,144,067 |
Acturial value of plan assets | 2021-12-31 | 18,144,067 |
Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 0 |
Number of terminated vested participants | 2021-12-31 | 0 |
Fundng target for terminated vested participants | 2021-12-31 | 0 |
Active participant vested funding target | 2021-12-31 | 19,475,778 |
Number of active participants | 2021-12-31 | 91 |
Total funding liabilities for active participants | 2021-12-31 | 19,806,673 |
Total participant count | 2021-12-31 | 91 |
Total funding target for all participants | 2021-12-31 | 19,806,673 |
Amount remaining of carryover balance | 2021-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
Balance of carryovers at beginning of current year | 2021-12-31 | 0 |
Balance of prefunding at beginning of current year | 2021-12-31 | 0 |
Total employer contributions | 2021-12-31 | 1,200,000 |
Total employee contributions | 2021-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2021-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2021-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 1,179,073 |
Liquidity shortfalls end of Q1 | 2021-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2021-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2021-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2021-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2021-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2021-12-31 | 764,899 |
Net shortfall amortization installment of oustanding balance | 2021-12-31 | 1,662,606 |
Waiver amortization installment | 2021-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 868,248 |
Carryover balance elected to use to offset funding requirement | 2021-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2021-12-31 | 0 |
Additional cash requirement | 2021-12-31 | 868,248 |
Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 1,179,073 |
Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for all years | 2021-12-31 | 0 |