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NORTH AMERICAN FILTRATION, INC. AND SUBSIDIARIES 401(K) PLAN 401k Plan overview

Plan NameNORTH AMERICAN FILTRATION, INC. AND SUBSIDIARIES 401(K) PLAN
Plan identification number 001

NORTH AMERICAN FILTRATION, INC. AND SUBSIDIARIES 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NORTH AMERICAN FILTRATION HOLDINGS LLC has sponsored the creation of one or more 401k plans.

Company Name:NORTH AMERICAN FILTRATION HOLDINGS LLC
Employer identification number (EIN):874393736
NAIC Classification:551112
NAIC Description:Offices of Other Holding Companies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTH AMERICAN FILTRATION, INC. AND SUBSIDIARIES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01

Plan Statistics for NORTH AMERICAN FILTRATION, INC. AND SUBSIDIARIES 401(K) PLAN

401k plan membership statisitcs for NORTH AMERICAN FILTRATION, INC. AND SUBSIDIARIES 401(K) PLAN

Measure Date Value
2023: NORTH AMERICAN FILTRATION, INC. AND SUBSIDIARIES 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01148
Total number of active participants reported on line 7a of the Form 55002023-01-01143
Number of retired or separated participants receiving benefits2023-01-011
Number of other retired or separated participants entitled to future benefits2023-01-019
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 balances2023-01-01102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-012
2022: NORTH AMERICAN FILTRATION, INC. AND SUBSIDIARIES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01125
Total number of active participants reported on line 7a of the Form 55002022-01-01105
Number of other retired or separated participants entitled to future benefits2022-01-0112
Total of all active and inactive participants2022-01-01117
Total participants2022-01-01117
Number of participants with account balances2022-01-01103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-013

Financial Data on NORTH AMERICAN FILTRATION, INC. AND SUBSIDIARIES 401(K) PLAN

Measure Date Value
2023 : NORTH AMERICAN FILTRATION, INC. AND SUBSIDIARIES 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$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$1,847,347
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$1,096,732
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$1,044,118
Value of total corrective distributions2023-12-31$21,070
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$725,011
Value of total assets at end of year2023-12-31$10,594,690
Value of total assets at beginning of year2023-12-31$9,844,075
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$31,544
Total interest from all sources2023-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$234,717
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$234,717
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
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$654,575
Participant contributions at end of year2023-12-31$5,051
Participant contributions at beginning of year2023-12-31$675
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$7,045
Other income not declared elsewhere2023-12-31$560
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$750,615
Value of net assets at end of year (total assets less liabilities)2023-12-31$10,594,690
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$9,844,075
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
Investment advisory and management fees2023-12-31$20,780
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$7,510,519
Value of interest in pooled separate accounts at beginning of year2023-12-31$4,414,045
Value of interest in common/collective trusts at end of year2023-12-31$3,078,499
Value of interest in common/collective trusts at beginning of year2023-12-31$5,424,126
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$759,052
Net investment gain or loss from common/collective trusts2023-12-31$128,007
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 contributions2023-12-31Yes
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$63,391
Employer contributions (assets) at end of year2023-12-31$621
Employer contributions (assets) at beginning of year2023-12-31$5,229
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$1,044,118
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 name2023-12-31BRITT AND COMPANY CPA LLCPC.
Accountancy firm EIN2023-12-31450604259
2022 : NORTH AMERICAN FILTRATION, INC. AND SUBSIDIARIES 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-876,259
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,434,323
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,432,538
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$592,618
Value of total assets at end of year2022-12-31$9,844,075
Value of total assets at beginning of year2022-12-31$12,154,657
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$1,785
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$527,719
Participant contributions at end of year2022-12-31$675
Participant contributions at beginning of year2022-12-31$5,874
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$0
Other income not declared elsewhere2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-2,310,582
Value of net assets at end of year (total assets less liabilities)2022-12-31$9,844,075
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$12,154,657
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$4,414,045
Value of interest in pooled separate accounts at beginning of year2022-12-31$6,354,890
Value of interest in common/collective trusts at end of year2022-12-31$5,424,126
Value of interest in common/collective trusts at beginning of year2022-12-31$5,783,618
Net investment gain/loss from pooled separate accounts2022-12-31$-1,198,877
Net investment gain or loss from common/collective trusts2022-12-31$-270,000
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$64,899
Employer contributions (assets) at end of year2022-12-31$5,229
Employer contributions (assets) at beginning of year2022-12-31$10,275
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,432,538
Contract administrator fees2022-12-31$1,785
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Disclaimer
Accountancy firm name2022-12-31DEMPSY AND COMPANY CPAS, PC
Accountancy firm EIN2022-12-31831665559

Form 5500 Responses for NORTH AMERICAN FILTRATION, INC. AND SUBSIDIARIES 401(K) PLAN

2023: NORTH AMERICAN FILTRATION, INC. AND SUBSIDIARIES 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 – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: NORTH AMERICAN FILTRATION, INC. AND SUBSIDIARIES 401(K) 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 – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number819781
Policy instance 1
Insurance contract or identification number819781
Number of Individuals Covered0
Insurance policy start date2023-01-01
Insurance policy end date2023-01-31
Total amount of commissions paid to insurance brokerUSD $1,209
Total amount of fees paid to insurance companyUSD $550
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number819781
Policy instance 1
Insurance contract or identification number819781
Number of Individuals Covered123
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $5,568
Total amount of fees paid to insurance companyUSD $2,531
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees2531
Additional information about fees paid to insurance brokerREFERRAL/SERVICE FEE
Insurance broker organization code?3

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