401k Plan data: COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN plan

COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN 401k Plan overview

Plan Name	COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN
Plan identification number	003

COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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

STERN METALS, INC. has sponsored the creation of one or more 401k plans.

Company Name: STERN METALS, INC.

Employer identification number (EIN): 050397035

NAIC Classification: 332810

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2011-01-01 BARBARA LANG
003 2009-01-01 BARBARA LANG BARBARA LANG 2010-08-10

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2011-01-01	BARBARA LANG
003	2009-01-01	BARBARA LANG		BARBARA LANG	2010-08-10

Plan Statistics for COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN

401k plan membership statisitcs for COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN

Measure Date Value
2011: COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 1,042
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 568
Number of retired or separated participants receiving benefits 2011-01-01 29
Number of other retired or separated participants entitled to future benefits 2011-01-01 316
Total of all active and inactive participants 2011-01-01 913
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 12
Total participants 2011-01-01 925
Number of participants with account balances 2011-01-01 838
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 21
2009: COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 1,282
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 754
Number of retired or separated participants receiving benefits 2009-01-01 28
Number of other retired or separated participants entitled to future benefits 2009-01-01 286
Total of all active and inactive participants 2009-01-01 1,068
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 12
Total participants 2009-01-01 1,080
Number of participants with account balances 2009-01-01 984
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 18

Measure	Date	Value
2011: COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	1,042
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	568
Number of retired or separated participants receiving benefits	2011-01-01	29
Number of other retired or separated participants entitled to future benefits	2011-01-01	316
Total of all active and inactive participants	2011-01-01	913
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	12
Total participants	2011-01-01	925
Number of participants with account balances	2011-01-01	838
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	21
2009: COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	1,282
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	754
Number of retired or separated participants receiving benefits	2009-01-01	28
Number of other retired or separated participants entitled to future benefits	2009-01-01	286
Total of all active and inactive participants	2009-01-01	1,068
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	12
Total participants	2009-01-01	1,080
Number of participants with account balances	2009-01-01	984
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	18

Financial Data on COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN

Measure	Date	Value
2011 : COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$1,747,293
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$3,851,109
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$3,824,454
Expenses. Certain deemed distributions of participant loans	2011-12-31	$15,796
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$1,634,468
Value of total assets at end of year	2011-12-31	$37,437,190
Value of total assets at beginning of year	2011-12-31	$39,541,006
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$10,859
Total interest from all sources	2011-12-31	$47,284
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$20,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$1,127,755
Participant contributions at end of year	2011-12-31	$1,093,516
Participant contributions at beginning of year	2011-12-31	$1,203,248
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$7,650
Other income not declared elsewhere	2011-12-31	$-4
Administrative expenses (other) incurred	2011-12-31	$10,859
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$-2,103,816
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$37,437,190
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$39,541,006
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Interest on participant loans	2011-12-31	$47,284
Value of interest in master investment trust accounts at end of year	2011-12-31	$35,844,611
Value of interest in master investment trust accounts at beginning of year	2011-12-31	$37,783,077
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$499,063
Employer contributions (assets) at end of year	2011-12-31	$499,063
Employer contributions (assets) at beginning of year	2011-12-31	$554,681
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$3,824,454
Did the plan have assets held for investment	2011-12-31	Yes
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	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	KAHN, LITWIN, RENZA & CO., LTD.
Accountancy firm EIN	2011-12-31	050409384
2010 : COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$6,032,414
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$3,644,949
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$3,611,447
Expenses. Certain deemed distributions of participant loans	2010-12-31	$15,993
Value of total corrective distributions	2010-12-31	$6,516
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$1,862,883
Value of total assets at end of year	2010-12-31	$39,541,006
Value of total assets at beginning of year	2010-12-31	$37,153,541
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$10,993
Total interest from all sources	2010-12-31	$67,979
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$20,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$1,304,065
Participant contributions at end of year	2010-12-31	$1,203,248
Participant contributions at beginning of year	2010-12-31	$1,156,754
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$2,105
Administrative expenses (other) incurred	2010-12-31	$10,993
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$2,387,465
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$39,541,006
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$37,153,541
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Interest on participant loans	2010-12-31	$67,979
Value of interest in master investment trust accounts at end of year	2010-12-31	$37,783,077
Value of interest in master investment trust accounts at beginning of year	2010-12-31	$35,401,322
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$556,713
Employer contributions (assets) at end of year	2010-12-31	$554,681
Employer contributions (assets) at beginning of year	2010-12-31	$595,465
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$3,611,447
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2010-12-31	No
Did the plan have assets held for investment	2010-12-31	Yes
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	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	KAHN, LITWIN, RENZA & CO., LTD.
Accountancy firm EIN	2010-12-31	050409384
2009 : COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN

2011: COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

COOKSON PRECIOUS METALS EMPLOYEE SAVINGS PLAN [EIN = 370893657]

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	STERN METALS, INC.
Employer identification number (EIN):	050397035
NAIC Classification:	332810