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PENSION PLAN FOR THE EMPLOYEES OF THE CARBIT PAINT COMPANY 401k Plan overview

Plan NamePENSION PLAN FOR THE EMPLOYEES OF THE CARBIT PAINT COMPANY
Plan identification number 001

PENSION PLAN FOR THE EMPLOYEES OF THE CARBIT PAINT COMPANY 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

CARBIT PAINT COMPANY has sponsored the creation of one or more 401k plans.

Company Name:CARBIT PAINT COMPANY
Employer identification number (EIN):371480619
NAIC Classification:325500

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR THE EMPLOYEES OF THE CARBIT PAINT COMPANY

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01JAMES WESTERMAN2015-10-09
0012013-01-01JAMES WESTERMAN2014-10-03
0012012-01-01JAMES WESTERMAN2013-09-11
0012011-01-01CHRISTINA SALACINA2012-10-12
0012010-01-01CHRISTINA SALACINA2011-10-03

Plan Statistics for PENSION PLAN FOR THE EMPLOYEES OF THE CARBIT PAINT COMPANY

401k plan membership statisitcs for PENSION PLAN FOR THE EMPLOYEES OF THE CARBIT PAINT COMPANY

Measure Date Value
2022: PENSION PLAN FOR THE EMPLOYEES OF THE CARBIT PAINT COMPANY 2022 401k membership
Market value of plan assets2022-12-311,085,315
Acturial value of plan assets2022-12-31984,324
Funding target for retired participants and beneficiaries receiving payment2022-12-31718,425
Number of terminated vested participants2022-12-312
Fundng target for terminated vested participants2022-12-3146,510
Active participant vested funding target2022-12-3126,739
Number of active participants2022-12-311
Total funding liabilities for active participants2022-12-3126,739
Total participant count2022-12-3127
Total funding target for all participants2022-12-31791,674
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: PENSION PLAN FOR THE EMPLOYEES OF THE CARBIT PAINT COMPANY 2021 401k membership
Market value of plan assets2021-12-311,079,503
Acturial value of plan assets2021-12-31976,415
Funding target for retired participants and beneficiaries receiving payment2021-12-31786,769
Number of terminated vested participants2021-12-312
Fundng target for terminated vested participants2021-12-3145,262
Active participant vested funding target2021-12-3166,850
Number of active participants2021-12-315
Total funding liabilities for active participants2021-12-3166,850
Total participant count2021-12-3133
Total funding target for all participants2021-12-31898,881
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-316
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-316
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-310
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: PENSION PLAN FOR THE EMPLOYEES OF THE CARBIT PAINT COMPANY 2020 401k membership
Market value of plan assets2020-12-311,024,348
Acturial value of plan assets2020-12-31973,423
Funding target for retired participants and beneficiaries receiving payment2020-12-31943,948
Number of terminated vested participants2020-12-313
Fundng target for terminated vested participants2020-12-3144,913
Active participant vested funding target2020-12-3164,862
Number of active participants2020-12-315
Total funding liabilities for active participants2020-12-3164,862
Total participant count2020-12-3136
Total funding target for all participants2020-12-311,053,723
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-3135
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3137
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-3116,456
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-3114,545
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-3180,300
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3114,539
Additional cash requirement2020-12-3114,539
Contributions allocatedtoward minimum required contributions for current year2020-12-3114,545
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: PENSION PLAN FOR THE EMPLOYEES OF THE CARBIT PAINT COMPANY 2019 401k membership
Market value of plan assets2019-12-31957,490
Acturial value of plan assets2019-12-31998,301
Funding target for retired participants and beneficiaries receiving payment2019-12-31971,761
Number of terminated vested participants2019-12-313
Fundng target for terminated vested participants2019-12-3140,606
Active participant vested funding target2019-12-3164,934
Number of active participants2019-12-317
Total funding liabilities for active participants2019-12-3164,934
Total participant count2019-12-3139
Total funding target for all participants2019-12-311,077,301
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-3114,034
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-3112,872
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-3179,000
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3112,837
Additional cash requirement2019-12-3112,837
Contributions allocatedtoward minimum required contributions for current year2019-12-3112,872
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: PENSION PLAN FOR THE EMPLOYEES OF THE CARBIT PAINT COMPANY 2018 401k membership
Market value of plan assets2018-12-311,129,648
Acturial value of plan assets2018-12-311,076,883
Funding target for retired participants and beneficiaries receiving payment2018-12-31947,773
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-3135,818
Active participant vested funding target2018-12-3180,088
Number of active participants2018-12-319
Total funding liabilities for active participants2018-12-3180,088
Total participant count2018-12-3140
Total funding target for all participants2018-12-311,063,679
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-310
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: PENSION PLAN FOR THE EMPLOYEES OF THE CARBIT PAINT COMPANY 2017 401k membership
Market value of plan assets2017-12-311,128,902
Acturial value of plan assets2017-12-311,139,177
Funding target for retired participants and beneficiaries receiving payment2017-12-31976,872
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-3132,904
Active participant vested funding target2017-12-3171,903
Number of active participants2017-12-3110
Total funding liabilities for active participants2017-12-3171,903
Total participant count2017-12-3143
Total funding target for all participants2017-12-311,081,679
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-310
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: PENSION PLAN FOR THE EMPLOYEES OF THE CARBIT PAINT COMPANY 2016 401k membership
Market value of plan assets2016-12-311,336,354
Acturial value of plan assets2016-12-311,386,769
Funding target for retired participants and beneficiaries receiving payment2016-12-31940,644
Number of terminated vested participants2016-12-317
Fundng target for terminated vested participants2016-12-31103,260
Active participant vested funding target2016-12-31184,250
Number of active participants2016-12-3113
Total funding liabilities for active participants2016-12-31184,250
Total participant count2016-12-3150
Total funding target for all participants2016-12-311,228,154
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31105,991
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31112,509
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
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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