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PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC. 401k Plan overview

Plan NamePENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC.
Plan identification number 004

PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC. Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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 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.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FERROGLOBE USA METALLURGICAL, INC. has sponsored the creation of one or more 401k plans.

Company Name:FERROGLOBE USA METALLURGICAL, INC.
Employer identification number (EIN):205573569
NAIC Classification:332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042021-07-01LUCAS NICELY2023-04-17
0042020-07-01LUCAS NICELY2022-04-18
0042019-07-01LUCAS NICELY2021-04-15
0042018-07-01LUCAS NICELY2020-05-13
0042017-07-01LUCAS NICELY2019-04-01
0042016-07-01LUCAS NICELY2018-04-10
0042015-07-01JAY S. SMITH2017-04-05
0042014-07-01JAY S. SMITH2016-04-15
0042013-07-01JAY S. SMITH2015-04-10
0042012-07-01JAY S. SMITH2014-04-15
0042011-07-01RICHARD W. CLARK2013-04-12
0042009-07-01RICHARD W. CLARK RICHARD W. CLARK2011-03-30

Plan Statistics for PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC.

401k plan membership statisitcs for PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC.

Measure Date Value
2021: PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC. 2021 401k membership
Market value of plan assets2021-06-303,049,933
Acturial value of plan assets2021-06-302,972,185
Funding target for retired participants and beneficiaries receiving payment2021-06-302,023,912
Number of terminated vested participants2021-06-3026
Fundng target for terminated vested participants2021-06-30405,400
Active participant vested funding target2021-06-30480,916
Number of active participants2021-06-309
Total funding liabilities for active participants2021-06-30480,916
Total participant count2021-06-3079
Total funding target for all participants2021-06-302,910,228
Balance at beginning of prior year after applicable adjustments2021-06-300
Prefunding balance at beginning of prior year after applicable adjustments2021-06-3023,414
Carryover balanced portion elected for use to offset prior years funding requirement2021-06-300
Prefunding balanced used to offset prior years funding requirement2021-06-3021,244
Amount remaining of carryover balance2021-06-300
Amount remaining of prefunding balance2021-06-302,170
Present value of excess contributions2021-06-3012,626
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-06-3013,735
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-06-300
Reductions in caryover balances due to elections or deemed elections2021-06-300
Reductions in prefunding balances due to elections or deemed elections2021-06-300
Balance of carryovers at beginning of current year2021-06-300
Balance of prefunding at beginning of current year2021-06-302,361
Total employer contributions2021-06-3017,117
Total employee contributions2021-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-06-300
Contributions made to avoid restrictions adjusted to valuation date2021-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-06-3016,068
Unpaid minimum required contributions for all prior years2021-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-06-300
Remaining amount of unpaid minimum required contributions2021-06-300
Minimum required contributions for current year target normal cost2021-06-3014,113
Net shortfall amortization installment of oustanding balance2021-06-300
Waiver amortization installment2021-06-300
Total funding amount beforereflecting carryover/prefunding balances2021-06-300
Carryover balance elected to use to offset funding requirement2021-06-300
Prefunding balance elected to use to offset funding requirement2021-06-300
Additional cash requirement2021-06-300
Contributions allocatedtoward minimum required contributions for current year2021-06-3016,068
Unpaid minimum required contributions for current year2021-06-300
Unpaid minimum required contributions for all years2021-06-300
2020: PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC. 2020 401k membership
Market value of plan assets2020-06-303,018,607
Acturial value of plan assets2020-06-302,964,933
Funding target for retired participants and beneficiaries receiving payment2020-06-302,177,576
Number of terminated vested participants2020-06-3027
Fundng target for terminated vested participants2020-06-30396,303
Active participant vested funding target2020-06-30435,784
Number of active participants2020-06-309
Total funding liabilities for active participants2020-06-30435,784
Total participant count2020-06-3081
Total funding target for all participants2020-06-303,009,663
Balance at beginning of prior year after applicable adjustments2020-06-300
Prefunding balance at beginning of prior year after applicable adjustments2020-06-3021,465
Carryover balanced portion elected for use to offset prior years funding requirement2020-06-300
Prefunding balanced used to offset prior years funding requirement2020-06-300
Amount remaining of carryover balance2020-06-300
Amount remaining of prefunding balance2020-06-3021,465
Present value of excess contributions2020-06-3012,751
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-06-3013,452
Reductions in caryover balances due to elections or deemed elections2020-06-300
Reductions in prefunding balances due to elections or deemed elections2020-06-300
Balance of carryovers at beginning of current year2020-06-300
Balance of prefunding at beginning of current year2020-06-3023,414
Total employer contributions2020-06-3019,699
Total employee contributions2020-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-06-300
Contributions made to avoid restrictions adjusted to valuation date2020-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-06-3018,383
Liquidity shortfalls end of Q12020-06-300
Liquidity shortfalls end of Q22020-06-300
Liquidity shortfalls end of Q32020-06-300
Liquidity shortfalls end of Q42020-06-300
Unpaid minimum required contributions for all prior years2020-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-06-300
Remaining amount of unpaid minimum required contributions2020-06-300
Minimum required contributions for current year target normal cost2020-06-3015,589
Net shortfall amortization installment of oustanding balance2020-06-3068,144
Waiver amortization installment2020-06-300
Total funding amount beforereflecting carryover/prefunding balances2020-06-3027,001
Carryover balance elected to use to offset funding requirement2020-06-300
Prefunding balance elected to use to offset funding requirement2020-06-3021,244
Additional cash requirement2020-06-305,757
Contributions allocatedtoward minimum required contributions for current year2020-06-3018,383
Unpaid minimum required contributions for current year2020-06-300
Unpaid minimum required contributions for all years2020-06-300
2019: PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC. 2019 401k membership
Market value of plan assets2019-06-302,973,520
Acturial value of plan assets2019-06-302,935,304
Funding target for retired participants and beneficiaries receiving payment2019-06-302,163,210
Number of terminated vested participants2019-06-3029
Fundng target for terminated vested participants2019-06-30391,041
Active participant vested funding target2019-06-30377,061
Number of active participants2019-06-309
Total funding liabilities for active participants2019-06-30377,061
Total participant count2019-06-3083
Total funding target for all participants2019-06-302,931,312
Balance at beginning of prior year after applicable adjustments2019-06-300
Prefunding balance at beginning of prior year after applicable adjustments2019-06-3032,223
Carryover balanced portion elected for use to offset prior years funding requirement2019-06-300
Prefunding balanced used to offset prior years funding requirement2019-06-3012,076
Amount remaining of carryover balance2019-06-300
Amount remaining of prefunding balance2019-06-3020,147
Present value of excess contributions2019-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-06-300
Balance of carryovers at beginning of current year2019-06-300
Balance of prefunding at beginning of current year2019-06-3021,465
Total employer contributions2019-06-3039,900
Total employee contributions2019-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-06-300
Contributions made to avoid restrictions adjusted to valuation date2019-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-06-3037,058
Liquidity shortfalls end of Q12019-06-300
Liquidity shortfalls end of Q22019-06-300
Liquidity shortfalls end of Q32019-06-300
Liquidity shortfalls end of Q42019-06-300
Unpaid minimum required contributions for all prior years2019-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-06-300
Remaining amount of unpaid minimum required contributions2019-06-300
Minimum required contributions for current year target normal cost2019-06-3021,455
Net shortfall amortization installment of oustanding balance2019-06-3017,473
Waiver amortization installment2019-06-300
Total funding amount beforereflecting carryover/prefunding balances2019-06-3024,307
Carryover balance elected to use to offset funding requirement2019-06-300
Prefunding balance elected to use to offset funding requirement2019-06-300
Additional cash requirement2019-06-3024,307
Contributions allocatedtoward minimum required contributions for current year2019-06-3037,058
Unpaid minimum required contributions for current year2019-06-300
Unpaid minimum required contributions for all years2019-06-300
2018: PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC. 2018 401k membership
Market value of plan assets2018-06-303,048,798
Acturial value of plan assets2018-06-302,997,276
Funding target for retired participants and beneficiaries receiving payment2018-06-302,268,057
Number of terminated vested participants2018-06-3025
Fundng target for terminated vested participants2018-06-30261,646
Active participant vested funding target2018-06-30435,350
Number of active participants2018-06-3013
Total funding liabilities for active participants2018-06-30435,350
Total participant count2018-06-3084
Total funding target for all participants2018-06-302,965,053
Balance at beginning of prior year after applicable adjustments2018-06-300
Prefunding balance at beginning of prior year after applicable adjustments2018-06-3029,140
Carryover balanced portion elected for use to offset prior years funding requirement2018-06-300
Prefunding balanced used to offset prior years funding requirement2018-06-300
Amount remaining of carryover balance2018-06-300
Amount remaining of prefunding balance2018-06-3029,140
Present value of excess contributions2018-06-3037,789
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-06-3040,019
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-06-300
Reductions in caryover balances due to elections or deemed elections2018-06-300
Reductions in prefunding balances due to elections or deemed elections2018-06-300
Balance of carryovers at beginning of current year2018-06-300
Balance of prefunding at beginning of current year2018-06-3032,223
Total employer contributions2018-06-300
Total employee contributions2018-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-06-300
Contributions made to avoid restrictions adjusted to valuation date2018-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-06-300
Unpaid minimum required contributions for all prior years2018-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-06-300
Remaining amount of unpaid minimum required contributions2018-06-300
Minimum required contributions for current year target normal cost2018-06-3012,076
Net shortfall amortization installment of oustanding balance2018-06-300
Waiver amortization installment2018-06-300
Total funding amount beforereflecting carryover/prefunding balances2018-06-3012,076
Carryover balance elected to use to offset funding requirement2018-06-300
Prefunding balance elected to use to offset funding requirement2018-06-3012,076
Additional cash requirement2018-06-300
Contributions allocatedtoward minimum required contributions for current year2018-06-300
Unpaid minimum required contributions for current year2018-06-300
Unpaid minimum required contributions for all years2018-06-300
2017: PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC. 2017 401k membership
Market value of plan assets2017-06-302,950,286
Acturial value of plan assets2017-06-303,047,154
Funding target for retired participants and beneficiaries receiving payment2017-06-301,855,455
Number of terminated vested participants2017-06-3025
Fundng target for terminated vested participants2017-06-30236,918
Active participant vested funding target2017-06-30904,534
Number of active participants2017-06-3018
Total funding liabilities for active participants2017-06-30904,607
Total participant count2017-06-3087
Total funding target for all participants2017-06-302,996,980
Balance at beginning of prior year after applicable adjustments2017-06-300
Prefunding balance at beginning of prior year after applicable adjustments2017-06-3027,888
Carryover balanced portion elected for use to offset prior years funding requirement2017-06-300
Prefunding balanced used to offset prior years funding requirement2017-06-300
Amount remaining of carryover balance2017-06-300
Amount remaining of prefunding balance2017-06-3027,888
Present value of excess contributions2017-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-06-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-06-300
Reductions in caryover balances due to elections or deemed elections2017-06-300
Reductions in prefunding balances due to elections or deemed elections2017-06-300
Balance of carryovers at beginning of current year2017-06-300
Balance of prefunding at beginning of current year2017-06-3029,140
Total employer contributions2017-06-3046,477
Total employee contributions2017-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-06-300
Contributions made to avoid restrictions adjusted to valuation date2017-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-06-3037,789
Unpaid minimum required contributions for all prior years2017-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-06-300
Remaining amount of unpaid minimum required contributions2017-06-300
Minimum required contributions for current year target normal cost2017-06-3012,481
Net shortfall amortization installment of oustanding balance2017-06-300
Waiver amortization installment2017-06-300
Total funding amount beforereflecting carryover/prefunding balances2017-06-300
Carryover balance elected to use to offset funding requirement2017-06-300
Prefunding balance elected to use to offset funding requirement2017-06-300
Additional cash requirement2017-06-300
Contributions allocatedtoward minimum required contributions for current year2017-06-3037,789
Unpaid minimum required contributions for current year2017-06-300
Unpaid minimum required contributions for all years2017-06-300
2009: PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC. 2009 401k membership
Total participants, beginning-of-year2009-07-0199
Total number of active participants reported on line 7a of the Form 55002009-07-0131
Number of retired or separated participants receiving benefits2009-07-0134
Number of other retired or separated participants entitled to future benefits2009-07-0126
Total of all active and inactive participants2009-07-0191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-07-013
Total participants2009-07-0194
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-07-010

Financial Data on PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC.

Measure Date Value
2011 : PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC. 2011 401k financial data
Total income from all sources2011-06-30$537,609
Expenses. Total of all expenses incurred2011-06-30$187,135
Benefits paid (including direct rollovers)2011-06-30$171,619
Total plan assets at end of year2011-06-30$2,508,895
Total plan assets at beginning of year2011-06-30$2,158,421
Value of fidelity bond covering the plan2011-06-30$500,000
Other income received2011-06-30$387,250
Net income (gross income less expenses)2011-06-30$350,474
Net plan assets at end of year (total assets less liabilities)2011-06-30$2,508,895
Net plan assets at beginning of year (total assets less liabilities)2011-06-30$2,158,421
Total contributions received or receivable from employer(s)2011-06-30$150,359
Expenses. Administrative service providers (salaries,fees and commissions)2011-06-30$15,516
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-06-30$0
2010 : PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC. 2010 401k financial data
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 PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC.

2009: PENSION PLAN FOR HOURLY EMPLOYEES OF THE ALAMET DIVISION OF GLOBE METALLURGICAL INC. 2009 form 5500 responses
2009-07-01Type of plan entitySingle employer plan
2009-07-01Submission has been amendedNo
2009-07-01This submission is the final filingNo
2009-07-01This return/report is a short plan year return/report (less than 12 months)No
2009-07-01Plan is a collectively bargained planYes
2009-07-01Plan funding arrangement – TrustYes
2009-07-01Plan benefit arrangement - TrustYes

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