HITACHI ENERGY USA INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan HITACHI ENERGY USA INC. PENSION PLAN (UE 625 & 626)
401k plan membership statisitcs for HITACHI ENERGY USA INC. PENSION PLAN (UE 625 & 626)
| Measure | Date | Value |
|---|
| 2022: HITACHI ENERGY USA INC. PENSION PLAN (UE 625 & 626) 2022 401k membership |
|---|
| Market value of plan assets | 2022-12-31 | 2,121,608 |
| Acturial value of plan assets | 2022-12-31 | 2,120,664 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 156,989 |
| Number of terminated vested participants | 2022-12-31 | 8 |
| Fundng target for terminated vested participants | 2022-12-31 | 192,668 |
| Active participant vested funding target | 2022-12-31 | 1,453,298 |
| Number of active participants | 2022-12-31 | 57 |
| Total funding liabilities for active participants | 2022-12-31 | 1,776,962 |
| Total participant count | 2022-12-31 | 75 |
| Total funding target for all participants | 2022-12-31 | 2,126,619 |
| 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 | 231 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 244 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2022-12-31 | 0 |
| Total employer contributions | 2022-12-31 | 762,000 |
| Total employee contributions | 2022-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 746,789 |
| Liquidity shortfalls end of Q1 | 2022-12-31 | 0 |
| Liquidity shortfalls end of Q2 | 2022-12-31 | 0 |
| Liquidity shortfalls end of Q3 | 2022-12-31 | 0 |
| Liquidity shortfalls end of Q4 | 2022-12-31 | 0 |
| 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 | 741,798 |
| Net shortfall amortization installment of oustanding balance | 2022-12-31 | 5,955 |
| Waiver amortization installment | 2022-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 742,633 |
| Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
| Additional cash requirement | 2022-12-31 | 742,633 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 746,789 |
| Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
| Total participants, beginning-of-year | 2022-01-01 | 75 |
| Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 50 |
| Number of retired or separated participants receiving benefits | 2022-01-01 | 13 |
| Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 10 |
| Total of all active and inactive participants | 2022-01-01 | 73 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
| Total participants | 2022-01-01 | 73 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
| 2021: HITACHI ENERGY USA INC. PENSION PLAN (UE 625 & 626) 2021 401k membership |
|---|
| Market value of plan assets | 2021-12-31 | 1,201,476 |
| Acturial value of plan assets | 2021-12-31 | 1,196,933 |
| Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 15,301 |
| Number of terminated vested participants | 2021-12-31 | 2 |
| Fundng target for terminated vested participants | 2021-12-31 | 9,721 |
| Active participant vested funding target | 2021-12-31 | 880,468 |
| Number of active participants | 2021-12-31 | 71 |
| Total funding liabilities for active participants | 2021-12-31 | 1,238,969 |
| Total participant count | 2021-12-31 | 76 |
| Total funding target for all participants | 2021-12-31 | 1,263,991 |
| 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 | 883,000 |
| 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 | 823,421 |
| 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 | 816,937 |
| Net shortfall amortization installment of oustanding balance | 2021-12-31 | 67,058 |
| Waiver amortization installment | 2021-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 823,190 |
| Additional cash requirement | 2021-12-31 | 823,190 |
| Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 823,421 |
| Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
| Total participants, beginning-of-year | 2021-01-01 | 76 |
| Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 57 |
| Number of retired or separated participants receiving benefits | 2021-01-01 | 10 |
| Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 8 |
| Total of all active and inactive participants | 2021-01-01 | 75 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 0 |
| Total participants | 2021-01-01 | 75 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 0 |
| 2020: HITACHI ENERGY USA INC. PENSION PLAN (UE 625 & 626) 2020 401k membership |
|---|
| Market value of plan assets | 2020-12-31 | 0 |
| Acturial value of plan assets | 2020-12-31 | 0 |
| Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 0 |
| Number of terminated vested participants | 2020-12-31 | 0 |
| Fundng target for terminated vested participants | 2020-12-31 | 0 |
| Active participant vested funding target | 2020-12-31 | 0 |
| Number of active participants | 2020-12-31 | 75 |
| Total funding liabilities for active participants | 2020-12-31 | 0 |
| Total participant count | 2020-12-31 | 75 |
| Total funding target for all participants | 2020-12-31 | 0 |
| Balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2020-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2020-12-31 | 0 |
| Amount remaining of carryover balance | 2020-12-31 | 0 |
| Amount remaining of prefunding balance | 2020-12-31 | 0 |
| Present value of excess contributions | 2020-12-31 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2020-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2020-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2020-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2020-12-31 | 0 |
| Total employer contributions | 2020-12-31 | 1,215,222 |
| Total employee contributions | 2020-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2020-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2020-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 1,131,654 |
| Unpaid minimum required contributions for all prior years | 2020-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2020-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2020-12-31 | 793,340 |
| Net shortfall amortization installment of oustanding balance | 2020-12-31 | 0 |
| Waiver amortization installment | 2020-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 793,340 |
| Additional cash requirement | 2020-12-31 | 793,340 |
| Contributions allocatedtoward minimum required contributions for current year | 2020-12-31 | 1,131,654 |
| Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2020-12-31 | 0 |
| Total participants, beginning-of-year | 2020-01-01 | 75 |
| Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 71 |
| Number of retired or separated participants receiving benefits | 2020-01-01 | 3 |
| Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 1 |
| Total of all active and inactive participants | 2020-01-01 | 75 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 1 |
| Total participants | 2020-01-01 | 76 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 0 |
| Measure | Date | Value |
|---|
| 2022 : HITACHI ENERGY USA INC. PENSION PLAN (UE 625 & 626) 2022 401k financial data |
|---|
| Transfers to/from the plan | 2022-12-31 | $0 |
| Total plan liabilities at beginning of year | 2022-12-31 | $0 |
| Total income from all sources | 2022-12-31 | $1,207,916 |
| Expenses. Total of all expenses incurred | 2022-12-31 | $25,670 |
| Benefits paid (including direct rollovers) | 2022-12-31 | $25,670 |
| Total plan assets at end of year | 2022-12-31 | $2,433,745 |
| Total plan assets at beginning of year | 2022-12-31 | $1,251,499 |
| Value of fidelity bond covering the plan | 2022-12-31 | $1,000,000 |
| Other income received | 2022-12-31 | $-437,084 |
| Net income (gross income less expenses) | 2022-12-31 | $1,182,246 |
| Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $2,433,745 |
| Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $1,251,499 |
| Total contributions received or receivable from employer(s) | 2022-12-31 | $1,645,000 |
| 2021 : HITACHI ENERGY USA INC. PENSION PLAN (UE 625 & 626) 2021 401k financial data |
|---|
| Total plan liabilities at beginning of year | 2021-12-31 | $0 |
| Total income from all sources | 2021-12-31 | $985,939 |
| Expenses. Total of all expenses incurred | 2021-12-31 | $16,860 |
| Benefits paid (including direct rollovers) | 2021-12-31 | $16,510 |
| Total plan assets at end of year | 2021-12-31 | $1,251,499 |
| Total plan assets at beginning of year | 2021-12-31 | $282,420 |
| Value of fidelity bond covering the plan | 2021-12-31 | $1,000,000 |
| Expenses. Other expenses not covered elsewhere | 2021-12-31 | $350 |
| Contributions received from other sources (not participants or employers) | 2021-12-31 | $309 |
| Other income received | 2021-12-31 | $32,408 |
| Net income (gross income less expenses) | 2021-12-31 | $969,079 |
| Net plan assets at end of year (total assets less liabilities) | 2021-12-31 | $1,251,499 |
| Net plan assets at beginning of year (total assets less liabilities) | 2021-12-31 | $282,420 |
| Total contributions received or receivable from employer(s) | 2021-12-31 | $953,222 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| 2020 : HITACHI ENERGY USA INC. PENSION PLAN (UE 625 & 626) 2020 401k financial data |
|---|
| Total plan liabilities at end of year | 2020-12-31 | $0 |
| Total plan liabilities at beginning of year | 2020-12-31 | $0 |
| Total income from all sources | 2020-12-31 | $287,504 |
| Expenses. Total of all expenses incurred | 2020-12-31 | $5,084 |
| Benefits paid (including direct rollovers) | 2020-12-31 | $501 |
| Total plan assets at end of year | 2020-12-31 | $282,420 |
| Total plan assets at beginning of year | 2020-12-31 | $0 |
| Value of fidelity bond covering the plan | 2020-12-31 | $1,000,000 |
| Total contributions received or receivable from participants | 2020-12-31 | $0 |
| Expenses. Other expenses not covered elsewhere | 2020-12-31 | $4,583 |
| Contributions received from other sources (not participants or employers) | 2020-12-31 | $0 |
| Other income received | 2020-12-31 | $25,504 |
| Noncash contributions received | 2020-12-31 | $0 |
| Net income (gross income less expenses) | 2020-12-31 | $282,420 |
| Net plan assets at end of year (total assets less liabilities) | 2020-12-31 | $282,420 |
| Net plan assets at beginning of year (total assets less liabilities) | 2020-12-31 | $0 |
| Total contributions received or receivable from employer(s) | 2020-12-31 | $262,000 |
| Value of certain deemed distributions of participant loans | 2020-12-31 | $0 |
| Value of corrective distributions | 2020-12-31 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2020-12-31 | $0 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
