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THE UNITED AUTOMOBILE, AEROSPACE AND AGRICULTURAL IMPLEMENT WORKERS OF AMERICA & ITS LOCAL 1242 MCKINNEY PRODUCTS COMPANY PENSION PLAN 401k Plan overview

Plan NameTHE UNITED AUTOMOBILE, AEROSPACE AND AGRICULTURAL IMPLEMENT WORKERS OF AMERICA & ITS LOCAL 1242 MCKINNEY PRODUCTS COMPANY PENSION PLAN
Plan identification number 009

THE UNITED AUTOMOBILE, AEROSPACE AND AGRICULTURAL IMPLEMENT WORKERS OF AMERICA & ITS LOCAL 1242 MCKINNEY PRODUCTS COMPANY PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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

ASSA ABLOY ACCESS AND EGRESS HARDWARE GROUP, INC has sponsored the creation of one or more 401k plans.

Company Name:ASSA ABLOY ACCESS AND EGRESS HARDWARE GROUP, INC
Employer identification number (EIN):510352006

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE UNITED AUTOMOBILE, AEROSPACE AND AGRICULTURAL IMPLEMENT WORKERS OF AMERICA & ITS LOCAL 1242 MCKINNEY PRODUCTS COMPANY PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0092023-01-01JOSEPH HURLEY2024-10-11

Plan Statistics for THE UNITED AUTOMOBILE, AEROSPACE AND AGRICULTURAL IMPLEMENT WORKERS OF AMERICA & ITS LOCAL 1242 MCKINNEY PRODUCTS COMPANY PENSION PLAN

401k plan membership statisitcs for THE UNITED AUTOMOBILE, AEROSPACE AND AGRICULTURAL IMPLEMENT WORKERS OF AMERICA & ITS LOCAL 1242 MCKINNEY PRODUCTS COMPANY PENSION PLAN

Measure Date Value
2023: THE UNITED AUTOMOBILE, AEROSPACE AND AGRICULTURAL IMPLEMENT WORKERS OF AMERICA & ITS LOCAL 1242 MCKINNEY PRODUCTS COMPANY PENSION PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01176
Total number of active participants reported on line 7a of the Form 55002023-01-010
Number of retired or separated participants receiving benefits2023-01-01112
Number of other retired or separated participants entitled to future benefits2023-01-0119
Total of all active and inactive participants2023-01-01131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-0137
Total participants2023-01-01168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010

Financial Data on THE UNITED AUTOMOBILE, AEROSPACE AND AGRICULTURAL IMPLEMENT WORKERS OF AMERICA & ITS LOCAL 1242 MCKINNEY PRODUCTS COMPANY PENSION PLAN

Measure Date Value
2023 : THE UNITED AUTOMOBILE, AEROSPACE AND AGRICULTURAL IMPLEMENT WORKERS OF AMERICA & ITS LOCAL 1242 MCKINNEY PRODUCTS COMPANY PENSION PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$34,238
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$27,500
Total income from all sources (including contributions)2023-12-31$1,029,024
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$856,632
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$772,563
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$0
Value of total assets at end of year2023-12-31$9,270,404
Value of total assets at beginning of year2023-12-31$9,091,274
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$84,069
Total interest from all sources2023-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$5,000,000
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Administrative expenses (other) incurred2023-12-31$16,895
Liabilities. Value of operating payables at end of year2023-12-31$34,238
Liabilities. Value of operating payables at beginning of year2023-12-31$27,500
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$172,392
Value of net assets at end of year (total assets less liabilities)2023-12-31$9,236,166
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$9,063,774
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in master investment trust accounts at end of year2023-12-31$9,270,404
Value of interest in master investment trust accounts at beginning of year2023-12-31$9,091,274
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$772,563
Did the plan have assets held for investment2023-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31COHNREZNICK LLP
Accountancy firm EIN2023-12-31221478099

Form 5500 Responses for THE UNITED AUTOMOBILE, AEROSPACE AND AGRICULTURAL IMPLEMENT WORKERS OF AMERICA & ITS LOCAL 1242 MCKINNEY PRODUCTS COMPANY PENSION PLAN

2023: THE UNITED AUTOMOBILE, AEROSPACE AND AGRICULTURAL IMPLEMENT WORKERS OF AMERICA & ITS LOCAL 1242 MCKINNEY PRODUCTS COMPANY PENSION PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes

Potentially related plans

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