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NORTH AMERICAN GALVANIZING SAVINGS-INVESTMENT- RETIREMENT PLAN 401k Plan overview

Plan NameNORTH AMERICAN GALVANIZING SAVINGS-INVESTMENT- RETIREMENT PLAN
Plan identification number 001

NORTH AMERICAN GALVANIZING SAVINGS-INVESTMENT- RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

NORTH AMERICAN GALVANIZING & COATINGS INC. has sponsored the creation of one or more 401k plans.

Company Name:NORTH AMERICAN GALVANIZING & COATINGS INC.
Employer identification number (EIN):710268502
NAIC Classification:325900
NAIC Description:Other Chemical Product and Preparation Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTH AMERICAN GALVANIZING SAVINGS-INVESTMENT- RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012009-01-01JUDY JOHNSON JUDY JOHNSON2010-09-08
0012009-01-01JUDY JOHNSON JUDY JOHNSON2010-09-07
0012009-01-01JUDY JOHNSON JUDY JOHNSON2010-09-07

Plan Statistics for NORTH AMERICAN GALVANIZING SAVINGS-INVESTMENT- RETIREMENT PLAN

401k plan membership statisitcs for NORTH AMERICAN GALVANIZING SAVINGS-INVESTMENT- RETIREMENT PLAN

Measure Date Value
2009: NORTH AMERICAN GALVANIZING SAVINGS-INVESTMENT- RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01361
Total number of active participants reported on line 7a of the Form 55002009-01-01288
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0164
Total of all active and inactive participants2009-01-01352
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01352
Number of participants with account balances2009-01-01342
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0131

Financial Data on NORTH AMERICAN GALVANIZING SAVINGS-INVESTMENT- RETIREMENT PLAN

Measure Date Value
2010 : NORTH AMERICAN GALVANIZING SAVINGS-INVESTMENT- RETIREMENT PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets from this plan2010-12-31$9,310,662
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$2,906,281
Total loss/gain on sale of assets2010-12-31$989,840
Total of all expenses incurred2010-12-31$2,127,146
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$2,118,533
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,145,218
Value of total assets at end of year2010-12-31$0
Value of total assets at beginning of year2010-12-31$8,531,527
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$8,613
Total interest from all sources2010-12-31$25,293
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$210,373
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$210,373
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$600,336
Participant contributions at beginning of year2010-12-31$513,610
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$6,647
Administrative expenses (other) incurred2010-12-31$8,613
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$779,135
Value of net assets at end of year (total assets less liabilities)2010-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$8,531,527
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$6,120,418
Interest on participant loans2010-12-31$25,293
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$535,557
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at beginning of year2010-12-31$1,897,499
Contributions received in cash from employer2010-12-31$538,235
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$2,118,533
Did the plan have assets held for investment2010-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31Yes
Aggregate proceeds on sale of assets2010-12-31$5,915,164
Aggregate carrying amount (costs) on sale of assets2010-12-31$4,925,324
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31HOGANTAYLOR LLP
Accountancy firm EIN2010-12-31731413977
2009 : NORTH AMERICAN GALVANIZING SAVINGS-INVESTMENT- RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for NORTH AMERICAN GALVANIZING SAVINGS-INVESTMENT- RETIREMENT PLAN

2009: NORTH AMERICAN GALVANIZING SAVINGS-INVESTMENT- RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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