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WESTMORELAND RETIREMENT PLAN 401k Plan overview

Plan NameWESTMORELAND RETIREMENT PLAN
Plan identification number 006

WESTMORELAND RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

WESTMORELAND MINING LLC has sponsored the creation of one or more 401k plans.

Company Name:WESTMORELAND MINING LLC
Employer identification number (EIN):833555130
NAIC Classification:212110
NAIC Description: Coal Mining

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WESTMORELAND RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0062022-01-01
0062021-01-01
0062020-01-01
0062020-01-01
0062019-01-01
0062019-01-01
0062019-01-01

Plan Statistics for WESTMORELAND RETIREMENT PLAN

401k plan membership statisitcs for WESTMORELAND RETIREMENT PLAN

Measure Date Value
2022: WESTMORELAND RETIREMENT PLAN 2022 401k membership
Market value of plan assets2022-12-31202,322,213
Acturial value of plan assets2022-12-31192,556,800
Funding target for retired participants and beneficiaries receiving payment2022-12-31102,073,404
Number of terminated vested participants2022-12-31705
Fundng target for terminated vested participants2022-12-3138,008,970
Active participant vested funding target2022-12-319,961,922
Number of active participants2022-12-31166
Total funding liabilities for active participants2022-12-3110,035,730
Total participant count2022-12-311,379
Total funding target for all participants2022-12-31150,118,104
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31542,885
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31542,885
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31574,915
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31650,000
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-011,335
Total number of active participants reported on line 7a of the Form 55002022-01-01115
Number of retired or separated participants receiving benefits2022-01-01520
Number of other retired or separated participants entitled to future benefits2022-01-01698
Total of all active and inactive participants2022-01-011,333
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-0137
Total participants2022-01-011,370
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: WESTMORELAND RETIREMENT PLAN 2021 401k membership
Market value of plan assets2021-12-31267,653,280
Acturial value of plan assets2021-12-31240,887,952
Funding target for retired participants and beneficiaries receiving payment2021-12-31156,675,343
Number of terminated vested participants2021-12-31732
Fundng target for terminated vested participants2021-12-3135,721,809
Active participant vested funding target2021-12-3112,102,068
Number of active participants2021-12-31178
Total funding liabilities for active participants2021-12-3112,212,555
Total participant count2021-12-312,243
Total funding target for all participants2021-12-31204,609,707
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31461,794
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31461,794
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31542,885
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31630,000
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-012,234
Total number of active participants reported on line 7a of the Form 55002021-01-01122
Number of retired or separated participants receiving benefits2021-01-01481
Number of other retired or separated participants entitled to future benefits2021-01-01705
Total of all active and inactive participants2021-01-011,308
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0127
Total participants2021-01-011,335
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: WESTMORELAND RETIREMENT PLAN 2020 401k membership
Market value of plan assets2020-12-31241,754,319
Acturial value of plan assets2020-12-31227,678,843
Funding target for retired participants and beneficiaries receiving payment2020-12-31157,735,643
Number of terminated vested participants2020-12-31746
Fundng target for terminated vested participants2020-12-3137,165,806
Active participant vested funding target2020-12-3118,831,927
Number of active participants2020-12-31230
Total funding liabilities for active participants2020-12-3118,949,739
Total participant count2020-12-312,283
Total funding target for all participants2020-12-31213,851,188
Balance at beginning of prior year after applicable adjustments2020-12-31207,712
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31410,578
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-31207,712
Prefunding balanced used to offset prior years funding requirement2020-12-3132,821
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31377,757
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-3114
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31461,794
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31610,000
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-012,283
Total number of active participants reported on line 7a of the Form 55002020-01-01178
Number of retired or separated participants receiving benefits2020-01-011,109
Number of other retired or separated participants entitled to future benefits2020-01-01732
Total of all active and inactive participants2020-01-012,019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-01215
Total participants2020-01-012,234
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: WESTMORELAND RETIREMENT PLAN 2019 401k membership
Market value of plan assets2019-12-31158,463,324
Acturial value of plan assets2019-12-31167,171,814
Funding target for retired participants and beneficiaries receiving payment2019-12-31102,639,738
Number of terminated vested participants2019-12-31549
Fundng target for terminated vested participants2019-12-3127,894,800
Active participant vested funding target2019-12-3120,694,532
Number of active participants2019-12-31239
Total funding liabilities for active participants2019-12-3120,782,118
Total participant count2019-12-311,691
Total funding target for all participants2019-12-31151,316,656
Balance at beginning of prior year after applicable adjustments2019-12-31219,198
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31164,384
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-31219,198
Amount remaining of prefunding balance2019-12-31164,384
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-31207,712
Balance of prefunding at beginning of current year2019-12-31155,770
Total employer contributions2019-12-31310,059
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31279,118
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-311,281,000
Net shortfall amortization installment of oustanding balance2019-12-3110,076,561
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31519,651
Carryover balance elected to use to offset funding requirement2019-12-31207,712
Prefunding balance elected to use to offset funding requirement2019-12-3132,821
Additional cash requirement2019-12-31279,118
Contributions allocatedtoward minimum required contributions for current year2019-12-31279,118
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-011,691
Total number of active participants reported on line 7a of the Form 55002019-01-01230
Number of retired or separated participants receiving benefits2019-01-011,086
Number of other retired or separated participants entitled to future benefits2019-01-01746
Total of all active and inactive participants2019-01-012,062
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-01221
Total participants2019-01-012,283
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-011

Financial Data on WESTMORELAND RETIREMENT PLAN

Measure Date Value
2022 : WESTMORELAND RETIREMENT PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-8,765,687
Total unrealized appreciation/depreciation of assets2022-12-31$-8,765,687
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$44,071
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-43,706,611
Total loss/gain on sale of assets2022-12-31$-1,128,527
Total of all expenses incurred2022-12-31$11,054,727
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$10,716,695
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$0
Value of total assets at end of year2022-12-31$147,287,521
Value of total assets at beginning of year2022-12-31$202,004,788
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$338,032
Total interest from all sources2022-12-31$5,057,180
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$190,813
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$190,813
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$15,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Assets. Other investments not covered elsewhere at end of year2022-12-31$6,432,110
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$1,156,631
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$44,071
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$0
Total non interest bearing cash at end of year2022-12-31$44,071
Total non interest bearing cash at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-54,761,338
Value of net assets at end of year (total assets less liabilities)2022-12-31$147,243,450
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$202,004,788
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$7,956,163
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$6,717,643
Value of interest in pooled separate accounts at end of year2022-12-31$21,439,458
Value of interest in pooled separate accounts at beginning of year2022-12-31$187,064,994
Interest earned on other investments2022-12-31$2,484,482
Income. Interest from US Government securities2022-12-31$28,094
Income. Interest from corporate debt instruments2022-12-31$2,449,042
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$95,562
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$1,494,047
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$8,222,151
Expenses. Payments to insurance carriers foe the provision of benefits2022-12-31$1,038,931
Asset value of US Government securities at end of year2022-12-31$28,015,850
Asset value of US Government securities at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,629,104
Net investment gain/loss from pooled separate accounts2022-12-31$-37,431,286
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31Yes
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$9,677,764
Asset. Corporate debt instrument preferred debt at end of year2022-12-31$36,588,742
Asset. Corporate debt instrument preferred debt at beginning of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$44,160,449
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$0
Contract administrator fees2022-12-31$338,032
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$29,814,157
Aggregate carrying amount (costs) on sale of assets2022-12-31$30,942,684
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2022-12-31381357951
2021 : WESTMORELAND RETIREMENT PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$-26,809,979
Total unrealized appreciation/depreciation of assets2021-12-31$-26,809,979
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$13,604,148
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$78,796,714
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$78,169,918
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$0
Value of total assets at end of year2021-12-31$202,004,788
Value of total assets at beginning of year2021-12-31$267,197,354
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$626,796
Total interest from all sources2021-12-31$5,704,978
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$716,366
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$716,366
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$15,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Administrative expenses (other) incurred2021-12-31$626,796
Total non interest bearing cash at end of year2021-12-31$0
Total non interest bearing cash at beginning of year2021-12-31$244
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-65,192,566
Value of net assets at end of year (total assets less liabilities)2021-12-31$202,004,788
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$267,197,354
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$6,717,643
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$12,254,020
Value of interest in pooled separate accounts at end of year2021-12-31$187,064,994
Value of interest in pooled separate accounts at beginning of year2021-12-31$245,675,354
Interest earned on other investments2021-12-31$5,704,978
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$8,222,151
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$9,267,736
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$64,447,606
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,911,619
Net investment gain/loss from pooled separate accounts2021-12-31$32,081,164
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$13,722,312
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2021-12-31381357951
2020 : WESTMORELAND RETIREMENT PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$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
Total income from all sources (including contributions)2020-12-31$41,107,429
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$15,208,839
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$14,211,564
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$748,262
Value of total assets at end of year2020-12-31$267,197,354
Value of total assets at beginning of year2020-12-31$241,298,764
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$997,275
Total interest from all sources2020-12-31$137,313
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$52,243
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$52,243
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$15,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Administrative expenses (other) incurred2020-12-31$997,275
Total non interest bearing cash at end of year2020-12-31$244
Total non interest bearing cash at beginning of year2020-12-31$244
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$25,898,590
Value of net assets at end of year (total assets less liabilities)2020-12-31$267,197,354
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$241,298,764
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$12,254,020
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$9,053,967
Value of interest in pooled separate accounts at end of year2020-12-31$245,675,354
Value of interest in pooled separate accounts at beginning of year2020-12-31$222,135,220
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$137,313
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$9,267,736
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$10,109,333
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$2,757,880
Net investment gain/loss from pooled separate accounts2020-12-31$37,411,731
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31Yes
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$748,262
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$14,211,564
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2020-12-31381357951
2019 : WESTMORELAND RETIREMENT PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$46,589,248
Total unrealized appreciation/depreciation of assets2019-12-31$46,589,248
Total transfer of assets to this plan2019-12-31$57,956,598
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$34,633,474
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$10,070,289
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$9,155,317
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$0
Value of total assets at end of year2019-12-31$241,298,764
Value of total assets at beginning of year2019-12-31$158,778,981
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$914,972
Total interest from all sources2019-12-31$5,396,737
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$138,847
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$138,847
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$15,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Administrative expenses (other) incurred2019-12-31$914,972
Total non interest bearing cash at end of year2019-12-31$244
Total non interest bearing cash at beginning of year2019-12-31$14
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$24,563,185
Value of net assets at end of year (total assets less liabilities)2019-12-31$241,298,764
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$158,778,981
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$9,053,967
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$3,574,225
Value of interest in pooled separate accounts at end of year2019-12-31$222,135,220
Value of interest in pooled separate accounts at beginning of year2019-12-31$146,226,230
Interest earned on other investments2019-12-31$5,396,737
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$10,109,333
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$8,978,512
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$480,918
Net investment gain/loss from pooled separate accounts2019-12-31$-17,972,276
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$9,155,317
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$0
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2019-12-31381357951

Form 5500 Responses for WESTMORELAND RETIREMENT PLAN

2022: WESTMORELAND RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: WESTMORELAND RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: WESTMORELAND RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedYes
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: WESTMORELAND RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number017368
Policy instance 1
Insurance contract or identification number017368
Number of Individuals Covered1370
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number017368
Policy instance 1
Insurance contract or identification number017368
Number of Individuals Covered1335
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number017368
Policy instance 1
Insurance contract or identification number017368
Number of Individuals Covered2234
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number017368
Policy instance 1
Insurance contract or identification number017368
Number of Individuals Covered2283
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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