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OREGON TRANSFER COMPANY PENSION PLAN 401k Plan overview

Plan NameOREGON TRANSFER COMPANY PENSION PLAN
Plan identification number 001

OREGON TRANSFER COMPANY PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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.

401k Sponsoring company profile

OREGON TRANSFER CO. has sponsored the creation of one or more 401k plans.

Company Name:OREGON TRANSFER CO.
Employer identification number (EIN):930243630
NAIC Classification:493100

Additional information about OREGON TRANSFER CO.

Jurisdiction of Incorporation: Oregon Secretary of State Corporations Division
Incorporation Date: 2009-10-05
Company Identification Number: 1405018
Legal Registered Office Address: 698 12TH ST SE STE 200

SALEM
United States of America (USA)
97301

More information about OREGON TRANSFER CO.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OREGON TRANSFER COMPANY PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01JOSEPH LILLY2020-04-24
0012018-01-01JOSEPH LILLY2019-02-25
0012017-01-01JOSEPH LILLY2018-04-09
0012016-01-01JOSEPH LILLY2017-05-02
0012015-01-01JOSEPH LILLY2016-07-26
0012014-01-01JOSEPH LILLY2015-10-09
0012013-01-01JOSEPH LILLY2014-10-13
0012012-01-01GARY H. HUNT2013-04-26
0012011-01-01GARY H. HUNT2012-10-04
0012010-01-01ANDY YOST2011-10-10

Plan Statistics for OREGON TRANSFER COMPANY PENSION PLAN

401k plan membership statisitcs for OREGON TRANSFER COMPANY PENSION PLAN

Measure Date Value
2019: OREGON TRANSFER COMPANY PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-318,533,814
Acturial value of plan assets2019-12-318,533,814
Funding target for retired participants and beneficiaries receiving payment2019-12-312,816,881
Number of terminated vested participants2019-12-3116
Fundng target for terminated vested participants2019-12-31777,526
Active participant vested funding target2019-12-313,347,635
Number of active participants2019-12-3129
Total funding liabilities for active participants2019-12-313,384,765
Total participant count2019-12-3149
Total funding target for all participants2019-12-316,979,172
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-311,505,650
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 balance2019-12-310
Amount remaining of prefunding balance2019-12-311,505,650
Present value of excess contributions2019-12-31606,346
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31641,575
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 year2019-12-310
Balance of prefunding at beginning of current year2019-12-311,505,951
Total employer contributions2019-12-311,125,000
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 date2019-12-311,071,560
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 cost2019-12-31320,075
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31271,384
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31271,384
Contributions allocatedtoward minimum required contributions for current year2019-12-311,071,560
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: OREGON TRANSFER COMPANY PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-318,399,748
Acturial value of plan assets2018-12-318,399,748
Funding target for retired participants and beneficiaries receiving payment2018-12-312,849,497
Number of terminated vested participants2018-12-3113
Fundng target for terminated vested participants2018-12-31403,737
Active participant vested funding target2018-12-313,379,218
Number of active participants2018-12-3132
Total funding liabilities for active participants2018-12-313,416,726
Total participant count2018-12-3149
Total funding target for all participants2018-12-316,669,960
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-311,339,427
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-311,339,427
Present value of excess contributions2018-12-31311,658
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31330,389
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-311,505,650
Total employer contributions2018-12-31750,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31718,266
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31336,058
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31111,920
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31111,920
Contributions allocatedtoward minimum required contributions for current year2018-12-31718,266
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: OREGON TRANSFER COMPANY PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-317,734,841
Acturial value of plan assets2017-12-317,734,841
Funding target for retired participants and beneficiaries receiving payment2017-12-312,775,806
Number of terminated vested participants2017-12-3112
Fundng target for terminated vested participants2017-12-31601,739
Active participant vested funding target2017-12-312,802,722
Number of active participants2017-12-3131
Total funding liabilities for active participants2017-12-312,842,605
Total participant count2017-12-3147
Total funding target for all participants2017-12-316,220,150
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-311,272,494
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-311,272,494
Present value of excess contributions2017-12-31421,460
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31446,790
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 elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-311,339,427
Total employer contributions2017-12-31500,000
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 date2017-12-31483,473
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 cost2017-12-31347,079
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31171,815
Additional cash requirement2017-12-31171,815
Contributions allocatedtoward minimum required contributions for current year2017-12-31483,473
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: OREGON TRANSFER COMPANY PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-316,893,504
Acturial value of plan assets2016-12-316,893,504
Funding target for retired participants and beneficiaries receiving payment2016-12-312,784,142
Number of terminated vested participants2016-12-319
Fundng target for terminated vested participants2016-12-3169,684
Active participant vested funding target2016-12-312,728,349
Number of active participants2016-12-3133
Total funding liabilities for active participants2016-12-312,754,005
Total participant count2016-12-3146
Total funding target for all participants2016-12-315,607,831
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-311,261,144
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-311,261,144
Present value of excess contributions2016-12-31482,694
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31512,573
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-311,272,494
Total employer contributions2016-12-31735,000
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 date2016-12-31710,471
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 cost2016-12-31302,190
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31289,011
Additional cash requirement2016-12-31289,011
Contributions allocatedtoward minimum required contributions for current year2016-12-31710,471
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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