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PENSION PLAN FOR HOURLY-PAID EMPLOYEES OF BASF CORPORATION IN NORTHERN OHIO 401k Plan overview

Plan NamePENSION PLAN FOR HOURLY-PAID EMPLOYEES OF BASF CORPORATION IN NORTHERN OHIO
Plan identification number 027

PENSION PLAN FOR HOURLY-PAID EMPLOYEES OF BASF CORPORATION IN NORTHERN OHIO Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BASF CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:BASF CORPORATION
Employer identification number (EIN):161090809

Additional information about BASF CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 0842062

More information about BASF CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR HOURLY-PAID EMPLOYEES OF BASF CORPORATION IN NORTHERN OHIO

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0272012-01-01GEORGE MUSKAL
0272011-01-01GEORGE H. MUSKAL, EMPLOYEE BENEFITS

Plan Statistics for PENSION PLAN FOR HOURLY-PAID EMPLOYEES OF BASF CORPORATION IN NORTHERN OHIO

401k plan membership statisitcs for PENSION PLAN FOR HOURLY-PAID EMPLOYEES OF BASF CORPORATION IN NORTHERN OHIO

Measure Date Value
2012: PENSION PLAN FOR HOURLY-PAID EMPLOYEES OF BASF CORPORATION IN NORTHERN OHIO 2012 401k membership
Market value of plan assets2012-12-3127,297,894
Acturial value of plan assets2012-12-3127,297,894
Funding target for retired participants and beneficiaries receiving payment2012-12-3111,872,062
Number of terminated vested participants2012-12-31175
Fundng target for terminated vested participants2012-12-312,464,715
Active participant vested funding target2012-12-3111,873,971
Number of active participants2012-12-31119
Total funding liabilities for active participants2012-12-3111,873,971
Total participant count2012-12-31571
Total funding target for all participants2012-12-3126,210,748
Balance at beginning of prior year after applicable adjustments2012-12-31211,398
Prefunding balance at beginning of prior year after applicable adjustments2012-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2012-12-31211,398
Prefunding balanced used to offset prior years funding requirement2012-12-310
Amount remaining of carryover balance2012-12-310
Amount remaining of prefunding balance2012-12-310
Present value of excess contributions2012-12-31407
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2012-12-31432
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2012-12-310
Reductions in caryover balances due to elections or deemed elections2012-12-310
Reductions in prefunding balances due to elections or deemed elections2012-12-310
Balance of carryovers at beginning of current year2012-12-310
Balance of prefunding at beginning of current year2012-12-310
Total employer contributions2012-12-31256,245
Total employee contributions2012-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2012-12-310
Contributions made to avoid restrictions adjusted to valuation date2012-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2012-12-31251,446
Liquidity shortfalls end of Q12012-12-310
Liquidity shortfalls end of Q22012-12-310
Liquidity shortfalls end of Q32012-12-310
Liquidity shortfalls end of Q42012-12-310
Unpaid minimum required contributions for all prior years2012-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2012-12-310
Remaining amount of unpaid minimum required contributions2012-12-310
Minimum required contributions for current year target normal cost2012-12-31485,257
Net shortfall amortization installment of oustanding balance2012-12-310
Waiver amortization installment2012-12-310
Total funding amount beforereflecting carryover/prefunding balances2012-12-310
Carryover balance elected to use to offset funding requirement2012-12-310
Prefunding balance elected to use to offset funding requirement2012-12-310
Additional cash requirement2012-12-310
Contributions allocatedtoward minimum required contributions for current year2012-12-31251,446
Unpaid minimum required contributions for current year2012-12-310
Unpaid minimum required contributions for all years2012-12-310
Total participants, beginning-of-year2012-01-01565
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: PENSION PLAN FOR HOURLY-PAID EMPLOYEES OF BASF CORPORATION IN NORTHERN OHIO 2011 401k membership
Total participants, beginning-of-year2011-01-01573
Total number of active participants reported on line 7a of the Form 55002011-01-01119
Number of retired or separated participants receiving benefits2011-01-01204
Number of other retired or separated participants entitled to future benefits2011-01-01170
Total of all active and inactive participants2011-01-01493
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-0172
Total participants2011-01-01565
Number of participants with account balances2011-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on PENSION PLAN FOR HOURLY-PAID EMPLOYEES OF BASF CORPORATION IN NORTHERN OHIO

Measure Date Value
2012 : PENSION PLAN FOR HOURLY-PAID EMPLOYEES OF BASF CORPORATION IN NORTHERN OHIO 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total transfer of assets from this plan2012-12-31$29,212,748
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$3,519
Total income from all sources (including contributions)2012-12-31$3,408,871
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$1,506,527
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,506,527
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$256,246
Value of total assets at end of year2012-12-31$0
Value of total assets at beginning of year2012-12-31$27,313,923
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$0
Total interest from all sources2012-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2012-12-31$192,628
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$3,519
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$1,902,344
Value of net assets at end of year (total assets less liabilities)2012-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$27,310,404
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in master investment trust accounts at end of year2012-12-31$0
Value of interest in master investment trust accounts at beginning of year2012-12-31$26,768,025
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$256,246
Employer contributions (assets) at end of year2012-12-31$0
Employer contributions (assets) at beginning of year2012-12-31$545,898
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,313,899
Did the plan have assets held for investment2012-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31COHNREZNICK LLP
Accountancy firm EIN2012-12-31221478099
2011 : PENSION PLAN FOR HOURLY-PAID EMPLOYEES OF BASF CORPORATION IN NORTHERN OHIO 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$3,519
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$18,960
Total income from all sources (including contributions)2011-12-31$2,796,247
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,327,743
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,327,743
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$915,930
Value of total assets at end of year2011-12-31$27,313,923
Value of total assets at beginning of year2011-12-31$25,860,860
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$0
Total interest from all sources2011-12-31$0
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 year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$3,519
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$18,960
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$1,468,504
Value of net assets at end of year (total assets less liabilities)2011-12-31$27,310,404
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$25,841,900
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in master investment trust accounts at end of year2011-12-31$26,768,025
Value of interest in master investment trust accounts at beginning of year2011-12-31$25,860,860
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$915,930
Employer contributions (assets) at end of year2011-12-31$545,898
Employer contributions (assets) at beginning of year2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,327,743
Did the plan have assets held for investment2011-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31J.H. COHN LLP
Accountancy firm EIN2011-12-31221478099

Form 5500 Responses for PENSION PLAN FOR HOURLY-PAID EMPLOYEES OF BASF CORPORATION IN NORTHERN OHIO

2012: PENSION PLAN FOR HOURLY-PAID EMPLOYEES OF BASF CORPORATION IN NORTHERN OHIO 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedYes
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PENSION PLAN FOR HOURLY-PAID EMPLOYEES OF BASF CORPORATION IN NORTHERN OHIO 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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