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HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 401k Plan overview

Plan NameHOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC.
Plan identification number 008

HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 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).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

INDUSTRIAL TECTONICS, INC. has sponsored the creation of one or more 401k plans.

Company Name:INDUSTRIAL TECTONICS, INC.
Employer identification number (EIN):593114138
NAIC Classification:332110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0082017-01-01
0082017-01-01RAYMOND EAMES, DIRECTOR BENEFITS2019-12-04
0082016-01-01
0082016-01-01RAYMOND EAMES, DIRECTOR BENEFITS2017-10-13
0082015-01-01RAYMOND EAMES, DIRECTOR BENEFITS TERRY J. PAPINCAK, TREASURER2016-10-17
0082014-01-01RAYMOND L. EAMES, DIR EE BENEFITS BRIAN J. DUFFY, TREASURER2015-10-15
0082014-01-01RAYMOND L. EAMES, DIR EE BENEFITS BRIAN J. DUFFY, TREASURER2015-10-26
0082013-01-01RAYMOND EAMES
0082012-01-01MARIE C. CURRERI
0082011-01-01ANTHONY T. BEHRMAN
0082009-01-01ANTHONY T. BEHRMAN

Plan Statistics for HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC.

401k plan membership statisitcs for HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC.

Measure Date Value
2017: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2017 401k membership
Market value of plan assets2017-12-311,835,040
Acturial value of plan assets2017-12-311,939,716
Funding target for retired participants and beneficiaries receiving payment2017-12-31499,558
Number of terminated vested participants2017-12-318
Fundng target for terminated vested participants2017-12-31321,240
Active participant vested funding target2017-12-31664,427
Number of active participants2017-12-319
Total funding liabilities for active participants2017-12-31664,497
Total participant count2017-12-3131
Total funding target for all participants2017-12-311,485,295
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3172,588
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 balance2017-12-3172,588
Present value of excess contributions2017-12-31406,217
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31430,956
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 year2017-12-3171,768
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 cost2017-12-3167,434
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
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
Total participants, beginning-of-year2017-01-0131
Total number of active participants reported on line 7a of the Form 55002017-01-018
Number of retired or separated participants receiving benefits2017-01-0112
Number of other retired or separated participants entitled to future benefits2017-01-018
Total of all active and inactive participants2017-01-0128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-013
Total participants2017-01-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2016 401k membership
Market value of plan assets2016-12-311,458,335
Acturial value of plan assets2016-12-311,507,263
Funding target for retired participants and beneficiaries receiving payment2016-12-31396,791
Number of terminated vested participants2016-12-317
Fundng target for terminated vested participants2016-12-31198,445
Active participant vested funding target2016-12-31779,310
Number of active participants2016-12-3111
Total funding liabilities for active participants2016-12-31788,752
Total participant count2016-12-3131
Total funding target for all participants2016-12-311,383,988
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3172,530
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 prefunding balance2016-12-3172,530
Present value of excess contributions2016-12-3165,892
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3170,030
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 year2016-12-3172,588
Total employer contributions2016-12-31507,000
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31459,057
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31103,527
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3152,840
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3152,840
Contributions allocatedtoward minimum required contributions for current year2016-12-31459,057
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-0131
Total number of active participants reported on line 7a of the Form 55002016-01-019
Number of retired or separated participants receiving benefits2016-01-0111
Number of other retired or separated participants entitled to future benefits2016-01-018
Total of all active and inactive participants2016-01-0128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-013
Total participants2016-01-0131
2015: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2015 401k membership
Total participants, beginning-of-year2015-01-0131
Total number of active participants reported on line 7a of the Form 55002015-01-0111
Number of retired or separated participants receiving benefits2015-01-0110
Number of other retired or separated participants entitled to future benefits2015-01-017
Total of all active and inactive participants2015-01-0128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-013
Total participants2015-01-0131
2014: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2014 401k membership
Total participants, beginning-of-year2014-01-0131
Total number of active participants reported on line 7a of the Form 55002014-01-0111
Number of retired or separated participants receiving benefits2014-01-019
Number of other retired or separated participants entitled to future benefits2014-01-018
Total of all active and inactive participants2014-01-0128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-013
Total participants2014-01-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2013 401k membership
Total participants, beginning-of-year2013-01-0131
Total number of active participants reported on line 7a of the Form 55002013-01-0113
Number of retired or separated participants receiving benefits2013-01-018
Number of other retired or separated participants entitled to future benefits2013-01-017
Total of all active and inactive participants2013-01-0128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-013
Total participants2013-01-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2012 401k membership
Total participants, beginning-of-year2012-01-0131
Total number of active participants reported on line 7a of the Form 55002012-01-0114
Number of retired or separated participants receiving benefits2012-01-019
Number of other retired or separated participants entitled to future benefits2012-01-016
Total of all active and inactive participants2012-01-0129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-012
Total participants2012-01-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2011 401k membership
Total participants, beginning-of-year2011-01-0131
Total number of active participants reported on line 7a of the Form 55002011-01-0116
Number of retired or separated participants receiving benefits2011-01-017
Number of other retired or separated participants entitled to future benefits2011-01-016
Total of all active and inactive participants2011-01-0129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-012
Total participants2011-01-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2009 401k membership
Total participants, beginning-of-year2009-01-0131
Total number of active participants reported on line 7a of the Form 55002009-01-0115
Number of retired or separated participants receiving benefits2009-01-018
Number of other retired or separated participants entitled to future benefits2009-01-017
Total of all active and inactive participants2009-01-0130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-012
Total participants2009-01-0132

Financial Data on HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC.

Measure Date Value
2017 : HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2017 401k financial data
Total plan liabilities at end of year2017-12-31$1,563
Total plan liabilities at beginning of year2017-12-31$5,058
Total income from all sources2017-12-31$694,183
Expenses. Total of all expenses incurred2017-12-31$96,913
Benefits paid (including direct rollovers)2017-12-31$47,341
Total plan assets at end of year2017-12-31$1,941,802
Total plan assets at beginning of year2017-12-31$1,348,027
Value of fidelity bond covering the plan2017-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2017-12-31$49,572
Other income received2017-12-31$187,183
Net income (gross income less expenses)2017-12-31$597,270
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,940,239
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,342,969
Total contributions received or receivable from employer(s)2017-12-31$507,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2016 401k financial data
Total plan liabilities at end of year2016-12-31$5,058
Total plan liabilities at beginning of year2016-12-31$7,682
Total income from all sources2016-12-31$97,388
Expenses. Total of all expenses incurred2016-12-31$103,886
Benefits paid (including direct rollovers)2016-12-31$42,124
Total plan assets at end of year2016-12-31$1,348,027
Total plan assets at beginning of year2016-12-31$1,357,149
Value of fidelity bond covering the plan2016-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2016-12-31$61,762
Other income received2016-12-31$-14,612
Net income (gross income less expenses)2016-12-31$-6,498
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,342,969
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,349,467
Total contributions received or receivable from employer(s)2016-12-31$112,000
2015 : HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2015 401k financial data
Total plan liabilities at end of year2015-12-31$7,682
Total plan liabilities at beginning of year2015-12-31$10,643
Total income from all sources2015-12-31$-46,772
Expenses. Total of all expenses incurred2015-12-31$45,286
Benefits paid (including direct rollovers)2015-12-31$33,231
Total plan assets at end of year2015-12-31$1,357,149
Total plan assets at beginning of year2015-12-31$1,452,168
Value of fidelity bond covering the plan2015-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2015-12-31$12,055
Other income received2015-12-31$-46,772
Net income (gross income less expenses)2015-12-31$-92,058
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,349,467
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,441,525
2014 : HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2014 401k financial data
Total plan liabilities at end of year2014-12-31$10,643
Total plan liabilities at beginning of year2014-12-31$2,033
Total income from all sources2014-12-31$102,341
Expenses. Total of all expenses incurred2014-12-31$46,438
Benefits paid (including direct rollovers)2014-12-31$28,404
Total plan assets at end of year2014-12-31$1,452,168
Total plan assets at beginning of year2014-12-31$1,387,655
Value of fidelity bond covering the plan2014-12-31$5,000,000
Expenses. Other expenses not covered elsewhere2014-12-31$18,034
Other income received2014-12-31$102,341
Net income (gross income less expenses)2014-12-31$55,903
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,441,525
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,385,622
2013 : HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2013 401k financial data
Total plan liabilities at end of year2013-12-31$2,033
Total plan liabilities at beginning of year2013-12-31$3,310
Total income from all sources2013-12-31$243,620
Expenses. Total of all expenses incurred2013-12-31$60,487
Benefits paid (including direct rollovers)2013-12-31$27,984
Total plan assets at end of year2013-12-31$1,387,655
Total plan assets at beginning of year2013-12-31$1,205,799
Value of fidelity bond covering the plan2013-12-31$5,000,000
Expenses. Other expenses not covered elsewhere2013-12-31$7,182
Other income received2013-12-31$243,620
Net income (gross income less expenses)2013-12-31$183,133
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,385,622
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,202,489
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$25,321
2012 : HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2012 401k financial data
Total plan liabilities at end of year2012-12-31$3,310
Total plan liabilities at beginning of year2012-12-31$6,143
Total income from all sources2012-12-31$185,714
Expenses. Total of all expenses incurred2012-12-31$52,809
Benefits paid (including direct rollovers)2012-12-31$25,945
Total plan assets at end of year2012-12-31$1,205,799
Total plan assets at beginning of year2012-12-31$1,075,727
Value of fidelity bond covering the plan2012-12-31$5,000,000
Expenses. Other expenses not covered elsewhere2012-12-31$6,029
Other income received2012-12-31$159,112
Net income (gross income less expenses)2012-12-31$132,905
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,202,489
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,069,584
Total contributions received or receivable from employer(s)2012-12-31$26,602
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$20,835
2011 : HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2011 401k financial data
Total plan liabilities at end of year2011-12-31$6,143
Total plan liabilities at beginning of year2011-12-31$12,409
Total income from all sources2011-12-31$133,594
Expenses. Total of all expenses incurred2011-12-31$43,277
Benefits paid (including direct rollovers)2011-12-31$20,471
Total plan assets at end of year2011-12-31$1,075,727
Total plan assets at beginning of year2011-12-31$991,676
Value of fidelity bond covering the plan2011-12-31$5,000,000
Expenses. Other expenses not covered elsewhere2011-12-31$1,085
Other income received2011-12-31$17,699
Net income (gross income less expenses)2011-12-31$90,317
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,069,584
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$979,267
Total contributions received or receivable from employer(s)2011-12-31$115,895
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$21,721
2010 : HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2010 401k financial data
Total plan liabilities at end of year2010-12-31$12,409
Total plan liabilities at beginning of year2010-12-31$530
Total income from all sources2010-12-31$180,942
Expenses. Total of all expenses incurred2010-12-31$63,363
Benefits paid (including direct rollovers)2010-12-31$27,771
Total plan assets at end of year2010-12-31$991,676
Total plan assets at beginning of year2010-12-31$862,218
Value of fidelity bond covering the plan2010-12-31$5,000,000
Expenses. Other expenses not covered elsewhere2010-12-31$5,470
Other income received2010-12-31$118,860
Net income (gross income less expenses)2010-12-31$117,579
Net plan assets at end of year (total assets less liabilities)2010-12-31$979,267
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$861,688
Total contributions received or receivable from employer(s)2010-12-31$62,082
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$30,122

Form 5500 Responses for HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC.

2017: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedYes
2017-01-01This submission is the final filingYes
2017-01-01Plan is a collectively bargained planYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan is a collectively bargained planYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedYes
2013-01-01Plan is a collectively bargained planYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan is a collectively bargained planYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan is a collectively bargained planYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: HOURLY EMPLOYEES PENSION PLAN OF INDUSTRIAL TECTONICS INC. 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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