BOARD OF TRUSTEES IRONWORKERS LOCAL NO. 6 RETIREMENT PLAN has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan IRONWORKERS LOCAL NO. 6 RETIREMENT PLAN
401k plan membership statisitcs for IRONWORKERS LOCAL NO. 6 RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2023: IRONWORKERS LOCAL NO. 6 RETIREMENT PLAN 2023 401k membership |
|---|
| Current value of assets | 2023-05-31 | 1,436,251 |
| Acturial value of assets for funding standard account | 2023-05-31 | 1,436,251 |
| Accrued liability for plan using immediate gains methods | 2023-05-31 | 980,510 |
| Unfunded liability for methods with bases using spread gains methods | 2023-05-31 | 0 |
| Accrued liabiliy under entry age normal method | 2023-05-31 | 0 |
| Normal cost under entry age normal method | 2023-05-31 | 0 |
| Accrued liability under unit credit cost method | 2023-05-31 | 980,510 |
| RPA 94 current liability | 2023-05-31 | 1,862,824 |
| Expected increase in current liability due to benefits accruing during the plan year | 2023-05-31 | 1,820,125 |
| Expected release from RPA 94 current liability for plan year | 2023-05-31 | 6,179 |
| Expected plan disbursements for the plan year | 2023-05-31 | 6,179 |
| Current value of assets | 2023-05-31 | 1,436,251 |
| Number of retired participants and beneficiaries receiving payment | 2023-05-31 | 0 |
| Current liability for retired participants and beneficiaries receiving payment | 2023-05-31 | 0 |
| Number of terminated vested participants | 2023-05-31 | 0 |
| Current liability for terminated vested participants | 2023-05-31 | 0 |
| Current liability for active participants non vested benefits | 2023-05-31 | 127,361 |
| Current liability for active participants vested benefits | 2023-05-31 | 1,735,463 |
| Total number of active articipats | 2023-05-31 | 191 |
| Current liability for active participants | 2023-05-31 | 1,862,824 |
| Total participant count with liabilities | 2023-05-31 | 191 |
| Total current liabilitoes for participants with libailities | 2023-05-31 | 1,862,824 |
| Total employer contributions in plan year | 2023-05-31 | 1,885,414 |
| Employer’s normal cost for plan year as of valuation date | 2023-05-31 | 969,767 |
| Prior year credit balance | 2023-05-31 | 375,311 |
| 2022: IRONWORKERS LOCAL NO. 6 RETIREMENT PLAN 2022 401k membership |
|---|
| Total participants, beginning-of-year | 2022-06-01 | 198 |
| Total number of active participants reported on line 7a of the Form 5500 | 2022-06-01 | 191 |
| Number of retired or separated participants receiving benefits | 2022-06-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2022-06-01 | 0 |
| Total of all active and inactive participants | 2022-06-01 | 191 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-06-01 | 0 |
| Total participants | 2022-06-01 | 191 |
| Number of employers contributing to the scheme | 2022-06-01 | 38 |
| Acturial value of assets for funding standard account | 2022-05-31 | 0 |
| Unfunded liability for methods with bases using spread gains methods | 2022-05-31 | 0 |
| Accrued liabiliy under entry age normal method | 2022-05-31 | 0 |
| Normal cost under entry age normal method | 2022-05-31 | 1,118,536 |
| Accrued liability under unit credit cost method | 2022-05-31 | 0 |
| Expected increase in current liability due to benefits accruing during the plan year | 2022-05-31 | 1,078,126 |
| Current value of assets | 2022-05-31 | 0 |
| Number of retired participants and beneficiaries receiving payment | 2022-05-31 | 0 |
| Current liability for retired participants and beneficiaries receiving payment | 2022-05-31 | 0 |
| Number of terminated vested participants | 2022-05-31 | 0 |
| Current liability for terminated vested participants | 2022-05-31 | 0 |
| Current liability for active participants non vested benefits | 2022-05-31 | 0 |
| Current liability for active participants vested benefits | 2022-05-31 | 0 |
| Total number of active articipats | 2022-05-31 | 198 |
| Current liability for active participants | 2022-05-31 | 0 |
| Total participant count with liabilities | 2022-05-31 | 198 |
| Total current liabilitoes for participants with libailities | 2022-05-31 | 0 |
| Total employer contributions in plan year | 2022-05-31 | 1,511,975 |
| Employer’s normal cost for plan year as of valuation date | 2022-05-31 | 1,118,536 |
| 2021: IRONWORKERS LOCAL NO. 6 RETIREMENT PLAN 2021 401k membership |
|---|
| Total participants, beginning-of-year | 2021-06-01 | 0 |
| Total number of active participants reported on line 7a of the Form 5500 | 2021-06-01 | 198 |
| Number of retired or separated participants receiving benefits | 2021-06-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2021-06-01 | 0 |
| Total of all active and inactive participants | 2021-06-01 | 198 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-06-01 | 0 |
| Total participants | 2021-06-01 | 198 |
| Number of employers contributing to the scheme | 2021-06-01 | 35 |
| Measure | Date | Value |
|---|
| 2023 : IRONWORKERS LOCAL NO. 6 RETIREMENT PLAN 2023 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-05-31 | $48,290 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-05-31 | $47,340 |
| Total income from all sources (including contributions) | 2023-05-31 | $1,996,322 |
| Total of all expenses incurred | 2023-05-31 | $165,493 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-05-31 | $1,885,414 |
| Value of total assets at end of year | 2023-05-31 | $3,315,370 |
| Value of total assets at beginning of year | 2023-05-31 | $1,483,591 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-05-31 | $165,493 |
| Total interest from all sources | 2023-05-31 | $34,164 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-05-31 | $24,797 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-05-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-05-31 | $24,797 |
| Administrative expenses professional fees incurred | 2023-05-31 | $108,110 |
| Was this plan covered by a fidelity bond | 2023-05-31 | Yes |
| Value of fidelity bond cover | 2023-05-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-05-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-05-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2023-05-31 | $6,377 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2023-05-31 | $6,716 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-05-31 | $48,290 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-05-31 | $38,130 |
| Other income not declared elsewhere | 2023-05-31 | $798 |
| Administrative expenses (other) incurred | 2023-05-31 | $51,921 |
| Liabilities. Value of operating payables at beginning of year | 2023-05-31 | $9,210 |
| Total non interest bearing cash at end of year | 2023-05-31 | $202,835 |
| Total non interest bearing cash at beginning of year | 2023-05-31 | $104,993 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-05-31 | No |
| Value of net income/loss | 2023-05-31 | $1,830,829 |
| Value of net assets at end of year (total assets less liabilities) | 2023-05-31 | $3,267,080 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-05-31 | $1,436,251 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-05-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-05-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-05-31 | No |
| Investment advisory and management fees | 2023-05-31 | $5,462 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-05-31 | $1,230,947 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-05-31 | $1,559,090 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-05-31 | $1,159,383 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-05-31 | $1,159,383 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2023-05-31 | $34,164 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-05-31 | $51,149 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-05-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2023-05-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-05-31 | No |
| Contributions received in cash from employer | 2023-05-31 | $1,885,414 |
| Employer contributions (assets) at end of year | 2023-05-31 | $316,121 |
| Employer contributions (assets) at beginning of year | 2023-05-31 | $212,499 |
| Did the plan have assets held for investment | 2023-05-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-05-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-05-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-05-31 | Unqualified |
| Accountancy firm name | 2023-05-31 | ARCARA LENDA EUSANIO & STACEY CPAS |
| Accountancy firm EIN | 2023-05-31 | 471793720 |
| 2022 : IRONWORKERS LOCAL NO. 6 RETIREMENT PLAN 2022 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-05-31 | $47,340 |
| Total income from all sources (including contributions) | 2022-05-31 | $1,512,331 |
| Total of all expenses incurred | 2022-05-31 | $76,080 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-05-31 | $1,511,975 |
| Value of total assets at end of year | 2022-05-31 | $1,483,591 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-05-31 | $76,080 |
| Total interest from all sources | 2022-05-31 | $149 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-05-31 | No |
| Administrative expenses professional fees incurred | 2022-05-31 | $34,357 |
| Was this plan covered by a fidelity bond | 2022-05-31 | Yes |
| Value of fidelity bond cover | 2022-05-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-05-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-05-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-05-31 | $6,716 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-05-31 | $38,130 |
| Other income not declared elsewhere | 2022-05-31 | $207 |
| Administrative expenses (other) incurred | 2022-05-31 | $41,016 |
| Liabilities. Value of operating payables at end of year | 2022-05-31 | $9,210 |
| Total non interest bearing cash at end of year | 2022-05-31 | $104,993 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-05-31 | No |
| Value of net income/loss | 2022-05-31 | $1,436,251 |
| Value of net assets at end of year (total assets less liabilities) | 2022-05-31 | $1,436,251 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-05-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-05-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-05-31 | No |
| Investment advisory and management fees | 2022-05-31 | $707 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-05-31 | $1,159,383 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-05-31 | $149 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-05-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-05-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-05-31 | No |
| Contributions received in cash from employer | 2022-05-31 | $1,511,975 |
| Employer contributions (assets) at end of year | 2022-05-31 | $212,499 |
| Did the plan have assets held for investment | 2022-05-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-05-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-05-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-05-31 | Unqualified |
| Accountancy firm name | 2022-05-31 | ARCARA ZUCARELLI LENDA & ASSOCIATES |
| Accountancy firm EIN | 2022-05-31 | 471793720 |
