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TEAMSTERS LOCAL UNION NO. 160 MONEY PURCHASE PENSION PLAN 401k Plan overview

Plan NameTEAMSTERS LOCAL UNION NO. 160 MONEY PURCHASE PENSION PLAN
Plan identification number 001

TEAMSTERS LOCAL UNION NO. 160 MONEY PURCHASE PENSION PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Money purchase (other than target benefit)
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

JOINT BOARD OF TRUSTEES FOR THE TEAMSTERS LOCAL 160 MP PLAN has sponsored the creation of one or more 401k plans.

Company Name:JOINT BOARD OF TRUSTEES FOR THE TEAMSTERS LOCAL 160 MP PLAN
Employer identification number (EIN):262999566
NAIC Classification:327300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TEAMSTERS LOCAL UNION NO. 160 MONEY PURCHASE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01KIMBERLY ARD2024-10-10 KIMBERLY ARD2024-10-10
0012022-01-01LIZA A ROBSON2023-10-12 LIZA A ROBSON2023-10-12
0012021-01-01LIZA A ROBSON2022-07-28 LIZA ROBSON2022-07-28
0012020-01-01WAYNE PERLEBERG2021-07-08
0012019-01-01WAYNE PERLBERG2020-10-12 LIZA A ROBSON2020-10-12
0012018-01-01WAYNE PERLEBERG2019-07-25
0012017-01-01WAYNE PERLEBERG2018-07-18 LIZA ROBSON2018-07-18
0012016-01-01WAYNE PERLEBERG2017-09-08 LIZA ROBSON2017-09-08
0012015-01-01WAYNE PERLEBERG2016-07-21 LIZA A. ROBSON2016-05-11
0012014-01-01WAYNE PERLEBERG2015-07-28 LIZA A. ROBSON2015-07-27
0012013-01-01WAYNE M. PERLEBERG2014-06-06 LIZA A. ROBSON2014-06-06
0012012-01-01WAYNE PERLEBERG2013-07-29 LIZA A. ROBSON2013-07-08
0012011-01-01WAYNE PERLEBERG2012-05-11 LIZA A. ROBSON2012-05-07
0012009-01-01WAYNE PERLEBERG LIZA A. ROBSON2010-07-13

Plan Statistics for TEAMSTERS LOCAL UNION NO. 160 MONEY PURCHASE PENSION PLAN

401k plan membership statisitcs for TEAMSTERS LOCAL UNION NO. 160 MONEY PURCHASE PENSION PLAN

Measure Date Value
2009: TEAMSTERS LOCAL UNION NO. 160 MONEY PURCHASE PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01120
Total number of active participants reported on line 7a of the Form 55002009-01-0198
Number of retired or separated participants receiving benefits2009-01-018
Number of other retired or separated participants entitled to future benefits2009-01-017
Total of all active and inactive participants2009-01-01113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-01114
Number of participants with account balances2009-01-01114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on TEAMSTERS LOCAL UNION NO. 160 MONEY PURCHASE PENSION PLAN

Measure Date Value
2010 : TEAMSTERS LOCAL UNION NO. 160 MONEY PURCHASE PENSION PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$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$1,901,837
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$997,561
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$979,391
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$558,484
Value of total assets at end of year2010-12-31$12,908,689
Value of total assets at beginning of year2010-12-31$12,004,413
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$18,170
Total interest from all sources2010-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$227,362
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$227,362
Administrative expenses professional fees incurred2010-12-31$8,200
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$558,484
Amount contributed by the employer to the plan for this plan year2010-12-31$558,484
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$904,276
Value of net assets at end of year (total assets less liabilities)2010-12-31$12,908,689
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$12,004,413
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$3,011
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$9,216,437
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$8,322,623
Value of interest in common/collective trusts at end of year2010-12-31$3,691,392
Value of interest in common/collective trusts at beginning of year2010-12-31$3,681,790
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$985,861
Net investment gain or loss from common/collective trusts2010-12-31$130,130
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$558,484
Employer contributions (assets) at end of year2010-12-31$860
Employer contributions (assets) at beginning of year2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$979,391
Contract administrator fees2010-12-31$6,959
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31EIDE BAILLY, LLP
Accountancy firm EIN2010-12-31450250958
2009 : TEAMSTERS LOCAL UNION NO. 160 MONEY PURCHASE PENSION PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$561,331
Amount contributed by the employer to the plan for this plan year2009-12-31$561,331

Form 5500 Responses for TEAMSTERS LOCAL UNION NO. 160 MONEY PURCHASE PENSION PLAN

2009: TEAMSTERS LOCAL UNION NO. 160 MONEY PURCHASE PENSION PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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