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AMERICAN HEAVY PLATE SOLUTIONS, LLC 401(K) PLAN 401k Plan overview

Plan NameAMERICAN HEAVY PLATE SOLUTIONS, LLC 401(K) PLAN
Plan identification number 001

AMERICAN HEAVY PLATE SOLUTIONS, LLC 401(K) 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

AMERICAN HEAVY PLATE SOLUTIONS L has sponsored the creation of one or more 401k plans.

Company Name:AMERICAN HEAVY PLATE SOLUTIONS L
Employer identification number (EIN):823959668
NAIC Classification:331200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AMERICAN HEAVY PLATE SOLUTIONS, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01ROXANA STOICEA2023-07-24
0012021-01-01ROXANA STOICEA2022-07-29
0012020-03-01REBECCA ZNIDARSICH2021-06-25

Plan Statistics for AMERICAN HEAVY PLATE SOLUTIONS, LLC 401(K) PLAN

401k plan membership statisitcs for AMERICAN HEAVY PLATE SOLUTIONS, LLC 401(K) PLAN

Measure Date Value
2023: AMERICAN HEAVY PLATE SOLUTIONS, LLC 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01155
Total number of active participants reported on line 7a of the Form 55002023-01-01143
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0110
Total of all active and inactive participants2023-01-01153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01153
Number of participants with account balances2023-01-01146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010

Financial Data on AMERICAN HEAVY PLATE SOLUTIONS, LLC 401(K) PLAN

Measure Date Value
2023 : AMERICAN HEAVY PLATE SOLUTIONS, LLC 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total transfer of assets to this plan2023-12-31$0
Total transfer of assets from this plan2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$1,384,449
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$169,906
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$164,324
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$1,090,197
Value of total assets at end of year2023-12-31$2,462,653
Value of total assets at beginning of year2023-12-31$1,248,110
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$5,582
Total interest from all sources2023-12-31$2,272
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$60,486
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$60,486
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$125,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$701,914
Participant contributions at end of year2023-12-31$52,445
Participant contributions at beginning of year2023-12-31$17,220
Participant contributions at end of year2023-12-31$7,958
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$1,214,543
Value of net assets at end of year (total assets less liabilities)2023-12-31$2,462,653
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$1,248,110
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 registered invesment companies (eg mutual funds) at end of year2023-12-31$2,319,836
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$1,201,739
Interest on participant loans2023-12-31$2,272
Value of interest in common/collective trusts at end of year2023-12-31$55,359
Value of interest in common/collective trusts at beginning of year2023-12-31$29,151
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$230,324
Net investment gain or loss from common/collective trusts2023-12-31$1,170
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
Contributions received in cash from employer2023-12-31$388,283
Employer contributions (assets) at end of year2023-12-31$27,055
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$164,324
Did the plan have assets held for investment2023-12-31Yes
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 name2023-12-31HW&CO.
Accountancy firm EIN2023-12-31341663157

Form 5500 Responses for AMERICAN HEAVY PLATE SOLUTIONS, LLC 401(K) PLAN

2023: AMERICAN HEAVY PLATE SOLUTIONS, LLC 401(K) 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

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