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PENSION PLAN FOR HOURLY EMPLOYEES OF LUDLOW COMPOSITES CORP. 401k Plan overview

Plan NamePENSION PLAN FOR HOURLY EMPLOYEES OF LUDLOW COMPOSITES CORP.
Plan identification number 013

PENSION PLAN FOR HOURLY EMPLOYEES OF LUDLOW COMPOSITES CORP. 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).
  • 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

LUDLOW COMPOSITES CORP. has sponsored the creation of one or more 401k plans.

Company Name:LUDLOW COMPOSITES CORP.
Employer identification number (EIN):341441580
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR HOURLY EMPLOYEES OF LUDLOW COMPOSITES CORP.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0132014-06-01
0132013-06-01
0132012-06-01BETH BROOKE2014-03-12
0132011-06-01HANS NIENABER2013-03-14
0132009-06-01HANS NIENABER

Plan Statistics for PENSION PLAN FOR HOURLY EMPLOYEES OF LUDLOW COMPOSITES CORP.

401k plan membership statisitcs for PENSION PLAN FOR HOURLY EMPLOYEES OF LUDLOW COMPOSITES CORP.

Measure Date Value
2009: PENSION PLAN FOR HOURLY EMPLOYEES OF LUDLOW COMPOSITES CORP. 2009 401k membership
Total participants, beginning-of-year2009-06-01131
Total number of active participants reported on line 7a of the Form 55002009-06-0150
Number of retired or separated participants receiving benefits2009-06-0129
Number of other retired or separated participants entitled to future benefits2009-06-0129
Total of all active and inactive participants2009-06-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-06-018
Total participants2009-06-01116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-06-012

Financial Data on PENSION PLAN FOR HOURLY EMPLOYEES OF LUDLOW COMPOSITES CORP.

Measure Date Value
2011 : PENSION PLAN FOR HOURLY EMPLOYEES OF LUDLOW COMPOSITES CORP. 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-05-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-05-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-05-31$17,165
Total income from all sources (including contributions)2011-05-31$201,874
Total loss/gain on sale of assets2011-05-31$0
Total of all expenses incurred2011-05-31$149,046
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-05-31$149,031
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-05-31$34,694
Value of total assets at end of year2011-05-31$1,028,374
Value of total assets at beginning of year2011-05-31$992,711
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-05-31$15
Total interest from all sources2011-05-31$0
Total dividends received (eg from common stock, registered investment company shares)2011-05-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-05-31No
Administrative expenses professional fees incurred2011-05-31$15
Was this plan covered by a fidelity bond2011-05-31Yes
Value of fidelity bond cover2011-05-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-05-31$0
Were there any nonexempt tranactions with any party-in-interest2011-05-31No
Liabilities. Value of operating payables at end of year2011-05-31$0
Liabilities. Value of operating payables at beginning of year2011-05-31$17,165
Total non interest bearing cash at beginning of year2011-05-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-05-31No
Value of net income/loss2011-05-31$52,828
Value of net assets at end of year (total assets less liabilities)2011-05-31$1,028,374
Value of net assets at beginning of year (total assets less liabilities)2011-05-31$975,546
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-05-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-05-31No
Were any leases to which the plan was party in default or uncollectible2011-05-31No
Value of interest in common/collective trusts at end of year2011-05-31$999,890
Value of interest in common/collective trusts at beginning of year2011-05-31$992,010
Net investment gain or loss from common/collective trusts2011-05-31$167,180
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-05-31Yes
Was there a failure to transmit to the plan any participant contributions2011-05-31No
Has the plan failed to provide any benefit when due under the plan2011-05-31No
Contributions received in cash from employer2011-05-31$34,694
Employer contributions (assets) at end of year2011-05-31$28,484
Employer contributions (assets) at beginning of year2011-05-31$701
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-05-31$149,031
Did the plan have assets held for investment2011-05-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-05-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-05-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-05-31Yes
Opinion of an independent qualified public accountant for this plan2011-05-31Disclaimer
Accountancy firm name2011-05-31PLANTE & MORAN, PLLC
Accountancy firm EIN2011-05-31381357951
2010 : PENSION PLAN FOR HOURLY EMPLOYEES OF LUDLOW COMPOSITES CORP. 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-05-31$0

Form 5500 Responses for PENSION PLAN FOR HOURLY EMPLOYEES OF LUDLOW COMPOSITES CORP.

2009: PENSION PLAN FOR HOURLY EMPLOYEES OF LUDLOW COMPOSITES CORP. 2009 form 5500 responses
2009-06-01Type of plan entitySingle employer plan
2009-06-01Submission has been amendedNo
2009-06-01This submission is the final filingNo
2009-06-01This return/report is a short plan year return/report (less than 12 months)No
2009-06-01Plan is a collectively bargained planYes
2009-06-01Plan funding arrangement – TrustYes
2009-06-01Plan benefit arrangement - TrustYes

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