401k Plan data: WESTMORELAND ELKOL-SORENSEN MINE PENSION PLAN plan

WESTMORELAND ELKOL-SORENSEN MINE PENSION PLAN 401k Plan overview

Plan Name	WESTMORELAND ELKOL-SORENSEN MINE PENSION PLAN
Plan identification number	007

WESTMORELAND ELKOL-SORENSEN MINE PENSION PLAN Benefits

401k Plan Type	Defined Benefit Pension
Plan Features/Benefits	Benefits are primarily flat dollar (includes dollars per year of service) 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 ELKOL-SORENSEN MINE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
007 2019-01-01
007 2019-01-01
007 2019-01-01

Plan Statistics for WESTMORELAND ELKOL-SORENSEN MINE PENSION PLAN

401k plan membership statisitcs for WESTMORELAND ELKOL-SORENSEN MINE PENSION PLAN

Measure Date Value
2019: WESTMORELAND ELKOL-SORENSEN MINE PENSION PLAN 2019 401k membership
Market value of plan assets 2019-07-31 45,440,332
Acturial value of plan assets 2019-07-31 45,440,332
Funding target for retired participants and beneficiaries receiving payment 2019-07-31 38,249,613
Number of terminated vested participants 2019-07-31 68
Fundng target for terminated vested participants 2019-07-31 2,365,715
Active participant vested funding target 2019-07-31 11,143,901
Number of active participants 2019-07-31 131
Total funding liabilities for active participants 2019-07-31 11,524,972
Total participant count 2019-07-31 492
Total funding target for all participants 2019-07-31 52,140,300
Balance at beginning of prior year after applicable adjustments 2019-07-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-07-31 144,394
Carryover balanced portion elected for use to offset prior years funding requirement 2019-07-31 0
Prefunding balanced used to offset prior years funding requirement 2019-07-31 0
Amount remaining of carryover balance 2019-07-31 0
Amount remaining of prefunding balance 2019-07-31 144,394
Present value of excess contributions 2019-07-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-07-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-07-31 0
Reductions in caryover balances due to elections or deemed elections 2019-07-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-07-31 0
Balance of carryovers at beginning of current year 2019-07-31 0
Balance of prefunding at beginning of current year 2019-07-31 135,759
Total employer contributions 2019-07-31 0
Total employee contributions 2019-07-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-07-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-07-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-07-31 0
Unpaid minimum required contributions for all prior years 2019-07-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-07-31 0
Remaining amount of unpaid minimum required contributions 2019-07-31 0
Minimum required contributions for current year target normal cost 2019-07-31 161,734
Net shortfall amortization installment of oustanding balance 2019-07-31 6,835,727
Waiver amortization installment 2019-07-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-07-31 809,655
Carryover balance elected to use to offset funding requirement 2019-07-31 0
Prefunding balance elected to use to offset funding requirement 2019-07-31 135,759
Additional cash requirement 2019-07-31 673,896
Contributions allocatedtoward minimum required contributions for current year 2019-07-31 0
Unpaid minimum required contributions for current year 2019-07-31 673,896
Unpaid minimum required contributions for all years 2019-07-31 673,896
Total participants, beginning-of-year 2019-01-01 495
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 0
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 0
Total of all active and inactive participants 2019-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0

Measure	Date	Value
2019: WESTMORELAND ELKOL-SORENSEN MINE PENSION PLAN 2019 401k membership
Market value of plan assets	2019-07-31	45,440,332
Acturial value of plan assets	2019-07-31	45,440,332
Funding target for retired participants and beneficiaries receiving payment	2019-07-31	38,249,613
Number of terminated vested participants	2019-07-31	68
Fundng target for terminated vested participants	2019-07-31	2,365,715
Active participant vested funding target	2019-07-31	11,143,901
Number of active participants	2019-07-31	131
Total funding liabilities for active participants	2019-07-31	11,524,972
Total participant count	2019-07-31	492
Total funding target for all participants	2019-07-31	52,140,300
Balance at beginning of prior year after applicable adjustments	2019-07-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-07-31	144,394
Carryover balanced portion elected for use to offset prior years funding requirement	2019-07-31	0
Prefunding balanced used to offset prior years funding requirement	2019-07-31	0
Amount remaining of carryover balance	2019-07-31	0
Amount remaining of prefunding balance	2019-07-31	144,394
Present value of excess contributions	2019-07-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-07-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-07-31	0
Reductions in caryover balances due to elections or deemed elections	2019-07-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-07-31	0
Balance of carryovers at beginning of current year	2019-07-31	0
Balance of prefunding at beginning of current year	2019-07-31	135,759
Total employer contributions	2019-07-31	0
Total employee contributions	2019-07-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-07-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-07-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-07-31	0
Unpaid minimum required contributions for all prior years	2019-07-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-07-31	0
Remaining amount of unpaid minimum required contributions	2019-07-31	0
Minimum required contributions for current year target normal cost	2019-07-31	161,734
Net shortfall amortization installment of oustanding balance	2019-07-31	6,835,727
Waiver amortization installment	2019-07-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-07-31	809,655
Carryover balance elected to use to offset funding requirement	2019-07-31	0
Prefunding balance elected to use to offset funding requirement	2019-07-31	135,759
Additional cash requirement	2019-07-31	673,896
Contributions allocatedtoward minimum required contributions for current year	2019-07-31	0
Unpaid minimum required contributions for current year	2019-07-31	673,896
Unpaid minimum required contributions for all years	2019-07-31	673,896
Total participants, beginning-of-year	2019-01-01	495
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	0
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	0
Total of all active and inactive participants	2019-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0

Financial Data on WESTMORELAND ELKOL-SORENSEN MINE PENSION PLAN

Measure	Date	Value
2019 : WESTMORELAND ELKOL-SORENSEN MINE PENSION PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2019-07-31	$5,596,087
Total unrealized appreciation/depreciation of assets	2019-07-31	$5,596,087
Total transfer of assets from this plan	2019-07-31	$50,407,059
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-07-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-07-31	$0
Total income from all sources (including contributions)	2019-07-31	$6,960,014
Total loss/gain on sale of assets	2019-07-31	$0
Total of all expenses incurred	2019-07-31	$2,030,965
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-07-31	$1,999,129
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-07-31	$0
Value of total assets at end of year	2019-07-31	$0
Value of total assets at beginning of year	2019-07-31	$45,478,010
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-07-31	$31,836
Total interest from all sources	2019-07-31	$13,921
Total dividends received (eg from common stock, registered investment company shares)	2019-07-31	$656,195
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-07-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-07-31	$656,195
Was this plan covered by a fidelity bond	2019-07-31	Yes
Value of fidelity bond cover	2019-07-31	$15,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-07-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-07-31	No
Administrative expenses (other) incurred	2019-07-31	$31,836
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-07-31	No
Value of net income/loss	2019-07-31	$4,929,049
Value of net assets at end of year (total assets less liabilities)	2019-07-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2019-07-31	$45,478,010
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-07-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-07-31	No
Were any leases to which the plan was party in default or uncollectible	2019-07-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-07-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-07-31	$3,254,601
Value of interest in pooled separate accounts at end of year	2019-07-31	$0
Value of interest in pooled separate accounts at beginning of year	2019-07-31	$40,029,457
Interest earned on other investments	2019-07-31	$13,921
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2019-07-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2019-07-31	$2,193,952
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-07-31	$392,444
Net investment gain/loss from pooled separate accounts	2019-07-31	$301,367
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-07-31	Yes
Was there a failure to transmit to the plan any participant contributions	2019-07-31	No
Has the plan failed to provide any benefit when due under the plan	2019-07-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-07-31	$1,999,129
Did the plan have assets held for investment	2019-07-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-07-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-07-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-07-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-07-31	Disclaimer
Accountancy firm name	2019-07-31	PLANTE & MORAN, PLLC
Accountancy firm EIN	2019-07-31	381357951

Form 5500 Responses for WESTMORELAND ELKOL-SORENSEN MINE PENSION PLAN

2019: WESTMORELAND ELKOL-SORENSEN MINE PENSION PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	Yes
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2019-01-01	Plan is a collectively bargained plan	Yes
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )

Policy contract number

017368

Policy instance

Insurance contract or identification number	017368
Number of Individuals Covered	0
Insurance policy start date	2019-01-01
Insurance policy end date	2019-07-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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 Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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

Potentially related plans

WESTMORELAND ELKOL-SORENSEN MINE PENSION PLAN [EIN = 231128670]

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