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PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE CO. 401k Plan overview

Plan NamePENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE CO.
Plan identification number 037

PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE CO. Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CRANE HOLDINGS CO. has sponsored the creation of one or more 401k plans.

Company Name:CRANE HOLDINGS CO.
Employer identification number (EIN):880706021
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE CO.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0372021-01-01

Plan Statistics for PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE CO.

401k plan membership statisitcs for PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE CO.

Measure Date Value
2021: PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE CO. 2021 401k membership
Market value of plan assets2021-12-31500,579,490
Acturial value of plan assets2021-12-31470,575,981
Funding target for retired participants and beneficiaries receiving payment2021-12-31296,602,138
Number of terminated vested participants2021-12-312,556
Fundng target for terminated vested participants2021-12-31118,560,568
Active participant vested funding target2021-12-3176,381,736
Number of active participants2021-12-31897
Total funding liabilities for active participants2021-12-3177,547,750
Total participant count2021-12-318,686
Total funding target for all participants2021-12-31492,710,456
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-3114,744,766
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3115,535,085
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-3115,535,085
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-3115,535,085
Total employer contributions2021-12-3115,000,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-3113,830,910
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-317,389,334
Net shortfall amortization installment of oustanding balance2021-12-3137,669,560
Total funding amount beforereflecting carryover/prefunding balances2021-12-3110,901,703
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-3110,901,703
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-3113,830,910
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-018,655
Total number of active participants reported on line 7a of the Form 55002021-01-01800
Number of retired or separated participants receiving benefits2021-01-014,392
Number of other retired or separated participants entitled to future benefits2021-01-012,300
Total of all active and inactive participants2021-01-017,492
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-01961
Total participants2021-01-018,453
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0115

Financial Data on PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE CO.

Measure Date Value
2021 : PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE CO. 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$68,936,820
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$32,448,251
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$32,448,251
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$15,000,000
Value of total assets at end of year2021-12-31$537,202,137
Value of total assets at beginning of year2021-12-31$500,713,568
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$0
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$36,488,569
Value of net assets at end of year (total assets less liabilities)2021-12-31$537,202,137
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$500,713,568
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in master investment trust accounts at end of year2021-12-31$522,202,137
Value of interest in master investment trust accounts at beginning of year2021-12-31$482,613,568
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$15,000,000
Employer contributions (assets) at end of year2021-12-31$15,000,000
Employer contributions (assets) at beginning of year2021-12-31$18,100,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$32,448,251
Did the plan have assets held for investment2021-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2021-12-31133891517

Form 5500 Responses for PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE CO.

2021: PENSION PLAN FOR ALL ELIGIBLE EMPLOYEES OF CRANE CO. 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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