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PENSION PLAN FOR NON-UNION EMPLOYEES OF GMP FRICTION PRODUCTS 401k Plan overview

Plan NamePENSION PLAN FOR NON-UNION EMPLOYEES OF GMP FRICTION PRODUCTS
Plan identification number 002

PENSION PLAN FOR NON-UNION EMPLOYEES OF GMP FRICTION PRODUCTS Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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).

401k Sponsoring company profile

GMP FRICTION PRODUCTS has sponsored the creation of one or more 401k plans.

Company Name:GMP FRICTION PRODUCTS
Employer identification number (EIN):340243590
NAIC Classification:332810

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR NON-UNION EMPLOYEES OF GMP FRICTION PRODUCTS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022017-01-01TOM CHAYA2018-10-15
0022016-01-01TOM CHAYA2017-10-12
0022015-01-01TOM CHAYA2016-10-14
0022014-01-01DIANE MUNCY2015-10-15 JERRY LYNCH2015-10-15
0022013-01-01DIANE MUNCY2014-11-18 JERRY LYNCH2014-11-18
0022012-01-01DIANE MUNCY2013-10-14 JERRY LYNCH2013-10-14
0022011-01-01DIANE MUNCY2012-10-12 JERRY LYNCH2012-10-12
0022010-01-01DIANE MUNCY2011-10-12 JERRY LYNCH2011-10-12

Plan Statistics for PENSION PLAN FOR NON-UNION EMPLOYEES OF GMP FRICTION PRODUCTS

401k plan membership statisitcs for PENSION PLAN FOR NON-UNION EMPLOYEES OF GMP FRICTION PRODUCTS

Measure Date Value
2017: PENSION PLAN FOR NON-UNION EMPLOYEES OF GMP FRICTION PRODUCTS 2017 401k membership
Market value of plan assets2017-08-31904,664
Acturial value of plan assets2017-08-31965,931
Funding target for retired participants and beneficiaries receiving payment2017-08-311,828,626
Number of terminated vested participants2017-08-3113
Fundng target for terminated vested participants2017-08-31838,026
Active participant vested funding target2017-08-31511,587
Number of active participants2017-08-316
Total funding liabilities for active participants2017-08-31544,991
Total participant count2017-08-3131
Total funding target for all participants2017-08-313,211,643
Balance at beginning of prior year after applicable adjustments2017-08-310
Prefunding balance at beginning of prior year after applicable adjustments2017-08-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-08-310
Prefunding balanced used to offset prior years funding requirement2017-08-310
Amount remaining of carryover balance2017-08-310
Amount remaining of prefunding balance2017-08-310
Present value of excess contributions2017-08-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-08-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-08-310
Reductions in caryover balances due to elections or deemed elections2017-08-310
Reductions in prefunding balances due to elections or deemed elections2017-08-310
Balance of carryovers at beginning of current year2017-08-310
Balance of prefunding at beginning of current year2017-08-310
Total employer contributions2017-08-310
Total employee contributions2017-08-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-08-310
Contributions made to avoid restrictions adjusted to valuation date2017-08-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-08-310
Liquidity shortfalls end of Q12017-08-310
Liquidity shortfalls end of Q22017-08-310
Liquidity shortfalls end of Q32017-08-310
Liquidity shortfalls end of Q42017-08-310
Unpaid minimum required contributions for all prior years2017-08-312,766,287
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-08-310
Remaining amount of unpaid minimum required contributions2017-08-312,766,287
Minimum required contributions for current year target normal cost2017-08-3125,177
Net shortfall amortization installment of oustanding balance2017-08-312,245,712
Waiver amortization installment2017-08-310
Total funding amount beforereflecting carryover/prefunding balances2017-08-31397,709
Additional cash requirement2017-08-31397,709
Contributions allocatedtoward minimum required contributions for current year2017-08-310
Unpaid minimum required contributions for current year2017-08-31397,709
Unpaid minimum required contributions for all years2017-08-313,163,996
2016: PENSION PLAN FOR NON-UNION EMPLOYEES OF GMP FRICTION PRODUCTS 2016 401k membership
Market value of plan assets2016-12-311,132,098
Acturial value of plan assets2016-12-311,226,916
Funding target for retired participants and beneficiaries receiving payment2016-12-311,869,581
Number of terminated vested participants2016-12-3112
Fundng target for terminated vested participants2016-12-31781,842
Active participant vested funding target2016-12-31471,672
Number of active participants2016-12-317
Total funding liabilities for active participants2016-12-31513,595
Total participant count2016-12-3131
Total funding target for all participants2016-12-313,165,018
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-310
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-310
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-312,260,317
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-312,260,317
Minimum required contributions for current year target normal cost2016-12-3131,112
Net shortfall amortization installment of oustanding balance2016-12-311,938,102
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31505,970
Additional cash requirement2016-12-31505,970
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-31505,970
Unpaid minimum required contributions for all years2016-12-312,766,287

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