401k Plan data: WESTCHESTER PLASTICS LLC HOURLY EMPLOYEES' PENSION PLAN plan

WESTCHESTER PLASTICS LLC HOURLY EMPLOYEES' PENSION PLAN 401k Plan overview

Plan Name	WESTCHESTER PLASTICS LLC HOURLY EMPLOYEES' PENSION PLAN
Plan identification number	002

WESTCHESTER PLASTICS LLC HOURLY EMPLOYEES' PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
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).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

WESTCHESTER PLASTICS LLC has sponsored the creation of one or more 401k plans.

Company Name: WESTCHESTER PLASTICS LLC

Employer identification number (EIN): 853780883

NAIC Classification: 326100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WESTCHESTER PLASTICS LLC HOURLY EMPLOYEES' PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-05-01 VINIT DEDHIA 2023-06-08
002 2022-01-01 VINIT DEDHIA 2023-10-10
002 2021-09-07 VINIT DEDHIA 2022-08-31
002 2021-09-07 VINIT DEDHIA 2023-12-14

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2022-05-01	VINIT DEDHIA	2023-06-08
002	2022-01-01	VINIT DEDHIA	2023-10-10
002	2021-09-07	VINIT DEDHIA	2022-08-31
002	2021-09-07	VINIT DEDHIA	2023-12-14

Plan Statistics for WESTCHESTER PLASTICS LLC HOURLY EMPLOYEES' PENSION PLAN

401k plan membership statisitcs for WESTCHESTER PLASTICS LLC HOURLY EMPLOYEES' PENSION PLAN

Measure Date Value
2022: WESTCHESTER PLASTICS LLC HOURLY EMPLOYEES' PENSION PLAN 2022 401k membership
Market value of plan assets 2022-12-31 118,939
Acturial value of plan assets 2022-12-31 118,939
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 0
Number of terminated vested participants 2022-12-31 22
Fundng target for terminated vested participants 2022-12-31 10,790
Active participant vested funding target 2022-12-31 55,772
Number of active participants 2022-12-31 71
Total funding liabilities for active participants 2022-12-31 67,402
Total participant count 2022-12-31 93
Total funding target for all participants 2022-12-31 78,192
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 45,418
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 45,418
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 45,418
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 45,418
Total employer contributions 2022-12-31 135,514
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 2022-12-31 130,387
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 2022-12-31 164,851
Net shortfall amortization installment of oustanding balance 2022-12-31 7,228
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 165,519
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 35,132
Additional cash requirement 2022-12-31 130,387
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 130,387
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: WESTCHESTER PLASTICS LLC HOURLY EMPLOYEES' PENSION PLAN 2021 401k membership
Market value of plan assets 2021-12-31 0
Acturial value of plan assets 2021-12-31 0
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 0
Number of active participants 2021-12-31 55
Total funding liabilities for active participants 2021-12-31 0
Total participant count 2021-12-31 55
Total funding target for all participants 2021-12-31 0
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 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
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 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 2021-12-31 120,000
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 2021-12-31 117,873
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 71,980
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 71,980
Additional cash requirement 2021-12-31 71,980
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 117,873
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0

Measure	Date	Value
2022: WESTCHESTER PLASTICS LLC HOURLY EMPLOYEES' PENSION PLAN 2022 401k membership
Market value of plan assets	2022-12-31	118,939
Acturial value of plan assets	2022-12-31	118,939
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	22
Fundng target for terminated vested participants	2022-12-31	10,790
Active participant vested funding target	2022-12-31	55,772
Number of active participants	2022-12-31	71
Total funding liabilities for active participants	2022-12-31	67,402
Total participant count	2022-12-31	93
Total funding target for all participants	2022-12-31	78,192
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	45,418
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	45,418
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	45,418
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	45,418
Total employer contributions	2022-12-31	135,514
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	130,387
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	164,851
Net shortfall amortization installment of oustanding balance	2022-12-31	7,228
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	165,519
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	35,132
Additional cash requirement	2022-12-31	130,387
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	130,387
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: WESTCHESTER PLASTICS LLC HOURLY EMPLOYEES' PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	0
Acturial value of plan assets	2021-12-31	0
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	0
Number of active participants	2021-12-31	55
Total funding liabilities for active participants	2021-12-31	0
Total participant count	2021-12-31	55
Total funding target for all participants	2021-12-31	0
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	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
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	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	120,000
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	117,873
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	71,980
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	71,980
Additional cash requirement	2021-12-31	71,980
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	117,873
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0

Potentially related plans

WESTCHESTER PLASTICS LLC 401(K) PLAN [EIN = 863780883]

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Company Name:	WESTCHESTER PLASTICS LLC
Employer identification number (EIN):	853780883
NAIC Classification:	326100