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THRIFT PLAN FOR HOURLY EMPLOYEES OF ABB LUMMUS GLOBAL, INC. 401k Plan overview

Plan NameTHRIFT PLAN FOR HOURLY EMPLOYEES OF ABB LUMMUS GLOBAL, INC.
Plan identification number 002

THRIFT PLAN FOR HOURLY EMPLOYEES OF ABB LUMMUS GLOBAL, INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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.

401k Sponsoring company profile

LUMMUS TECHNOLOGY LLC has sponsored the creation of one or more 401k plans.

Company Name:LUMMUS TECHNOLOGY LLC
Employer identification number (EIN):130989425
NAIC Classification:237990
NAIC Description:Other Heavy and Civil Engineering Construction

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THRIFT PLAN FOR HOURLY EMPLOYEES OF ABB LUMMUS GLOBAL, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022010-01-01KAREN BYBEL

Plan Statistics for THRIFT PLAN FOR HOURLY EMPLOYEES OF ABB LUMMUS GLOBAL, INC.

401k plan membership statisitcs for THRIFT PLAN FOR HOURLY EMPLOYEES OF ABB LUMMUS GLOBAL, INC.

Measure Date Value
2010: THRIFT PLAN FOR HOURLY EMPLOYEES OF ABB LUMMUS GLOBAL, INC. 2010 401k membership
Total participants, beginning-of-year2010-01-0112
Total number of active participants reported on line 7a of the Form 55002010-01-010
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-010
Number of participants with account balances2010-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010

Financial Data on THRIFT PLAN FOR HOURLY EMPLOYEES OF ABB LUMMUS GLOBAL, INC.

Measure Date Value
2010 : THRIFT PLAN FOR HOURLY EMPLOYEES OF ABB LUMMUS GLOBAL, INC. 2010 401k financial data
Total income from all sources2010-06-30$63,676
Expenses. Total of all expenses incurred2010-06-30$1,077,542
Benefits paid (including direct rollovers)2010-06-30$1,077,379
Total plan assets at end of year2010-06-30$0
Total plan assets at beginning of year2010-06-30$1,013,866
Total contributions received or receivable from participants2010-06-30$1,675
Expenses. Other expenses not covered elsewhere2010-06-30$163
Contributions received from other sources (not participants or employers)2010-06-30$-234
Other income received2010-06-30$60,255
Net income (gross income less expenses)2010-06-30$-1,013,866
Net plan assets at end of year (total assets less liabilities)2010-06-30$0
Net plan assets at beginning of year (total assets less liabilities)2010-06-30$1,013,866
Total contributions received or receivable from employer(s)2010-06-30$1,980
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-06-30$0

Form 5500 Responses for THRIFT PLAN FOR HOURLY EMPLOYEES OF ABB LUMMUS GLOBAL, INC.

2010: THRIFT PLAN FOR HOURLY EMPLOYEES OF ABB LUMMUS GLOBAL, INC. 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingYes
2010-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes

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