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NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameNORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

NORTH STATE STEEL, INC. has sponsored the creation of one or more 401k plans.

Company Name:NORTH STATE STEEL, INC.
Employer identification number (EIN):561407405
NAIC Classification:332300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01

Plan Statistics for NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023: NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0183
Total number of active participants reported on line 7a of the Form 55002023-01-0170
Number of retired or separated participants receiving benefits2023-01-012
Number of other retired or separated participants entitled to future benefits2023-01-015
Total of all active and inactive participants2023-01-0177
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0177
Number of participants with account balances2023-01-0177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-014
2022: NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0179
Total number of active participants reported on line 7a of the Form 55002022-01-0166
Number of retired or separated participants receiving benefits2022-01-012
Number of other retired or separated participants entitled to future benefits2022-01-015
Total of all active and inactive participants2022-01-0173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0173
Number of participants with account balances2022-01-0173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-015
2021: NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0177
Total number of active participants reported on line 7a of the Form 55002021-01-0162
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-016
Total of all active and inactive participants2021-01-0169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0169
Number of participants with account balances2021-01-0169
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0111
2020: NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0182
Total number of active participants reported on line 7a of the Form 55002020-01-0169
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-014
Total of all active and inactive participants2020-01-0173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0173
Number of participants with account balances2020-01-0173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-014
2019: NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0171
Total number of active participants reported on line 7a of the Form 55002019-01-0164
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-011
Total of all active and inactive participants2019-01-0165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-012
Total participants2019-01-0167
Number of participants with account balances2019-01-0166
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-013
2018: NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0163
Total number of active participants reported on line 7a of the Form 55002018-01-0160
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-0160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-0161
Number of participants with account balances2018-01-0160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010

Financial Data on NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Total plan liabilities at end of year2023-12-31$2,096,399
Total plan liabilities at beginning of year2023-12-31$2,176,446
Total income from all sources2023-12-31$9,207,160
Expenses. Total of all expenses incurred2023-12-31$86,966
Benefits paid (including direct rollovers)2023-12-31$20,583
Total plan assets at end of year2023-12-31$20,000,492
Total plan assets at beginning of year2023-12-31$10,960,345
Value of fidelity bond covering the plan2023-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2023-12-31$66,383
Other income received2023-12-31$9,039,608
Net income (gross income less expenses)2023-12-31$9,120,194
Net plan assets at end of year (total assets less liabilities)2023-12-31$17,904,093
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$8,783,899
Assets. Value of employer securities2023-12-31$19,999,953
Total contributions received or receivable from employer(s)2023-12-31$167,552
2022 : NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$2,176,446
Total plan liabilities at beginning of year2022-12-31$2,401,615
Total income from all sources2022-12-31$5,550,269
Expenses. Total of all expenses incurred2022-12-31$82,047
Benefits paid (including direct rollovers)2022-12-31$13,279
Total plan assets at end of year2022-12-31$10,960,345
Total plan assets at beginning of year2022-12-31$5,717,292
Value of fidelity bond covering the plan2022-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2022-12-31$68,768
Other income received2022-12-31$5,390,021
Net income (gross income less expenses)2022-12-31$5,468,222
Net plan assets at end of year (total assets less liabilities)2022-12-31$8,783,899
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$3,315,677
Assets. Value of employer securities2022-12-31$10,960,345
Total contributions received or receivable from employer(s)2022-12-31$160,248
2021 : NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$2,401,615
Total plan liabilities at beginning of year2021-12-31$2,330,535
Total income from all sources2021-12-31$234,963
Expenses. Total of all expenses incurred2021-12-31$79,480
Benefits paid (including direct rollovers)2021-12-31$8,399
Total plan assets at end of year2021-12-31$5,717,292
Total plan assets at beginning of year2021-12-31$5,490,729
Value of fidelity bond covering the plan2021-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2021-12-31$71,081
Other income received2021-12-31$79,595
Net income (gross income less expenses)2021-12-31$155,483
Net plan assets at end of year (total assets less liabilities)2021-12-31$3,315,677
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$3,160,194
Assets. Value of employer securities2021-12-31$5,570,324
Total contributions received or receivable from employer(s)2021-12-31$155,368
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$2,330,535
Total plan liabilities at beginning of year2020-12-31$2,404,176
Total income from all sources2020-12-31$4,221,041
Expenses. Total of all expenses incurred2020-12-31$74,616
Benefits paid (including direct rollovers)2020-12-31$1,289
Total plan assets at end of year2020-12-31$5,490,729
Total plan assets at beginning of year2020-12-31$1,417,945
Value of fidelity bond covering the plan2020-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2020-12-31$73,327
Other income received2020-12-31$4,072,784
Net income (gross income less expenses)2020-12-31$4,146,425
Net plan assets at end of year (total assets less liabilities)2020-12-31$3,160,194
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$-986,231
Assets. Value of employer securities2020-12-31$5,490,729
Total contributions received or receivable from employer(s)2020-12-31$148,257
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$2,404,176
Total plan liabilities at beginning of year2019-12-31$2,622,159
Total income from all sources2019-12-31$919,934
Expenses. Total of all expenses incurred2019-12-31$75,953
Total plan assets at end of year2019-12-31$1,417,945
Total plan assets at beginning of year2019-12-31$791,947
Value of fidelity bond covering the plan2019-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2019-12-31$75,953
Other income received2019-12-31$772,966
Net income (gross income less expenses)2019-12-31$843,981
Net plan assets at end of year (total assets less liabilities)2019-12-31$-986,231
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$-1,830,212
Assets. Value of employer securities2019-12-31$1,417,945
Total contributions received or receivable from employer(s)2019-12-31$146,968
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$2,622,159
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-1,788,855
Expenses. Total of all expenses incurred2018-12-31$41,357
Total plan assets at end of year2018-12-31$791,947
Total plan assets at beginning of year2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$41,357
Other income received2018-12-31$-1,935,823
Net income (gross income less expenses)2018-12-31$-1,830,212
Net plan assets at end of year (total assets less liabilities)2018-12-31$-1,830,212
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$0
Assets. Value of employer securities2018-12-31$644,979
Total contributions received or receivable from employer(s)2018-12-31$146,968
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0

Form 5500 Responses for NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2023: NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP 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 planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: NORTH STATE STEEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01First time form 5500 has been submittedYes
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

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