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UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES 401k Plan overview

Plan NameUNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES
Plan identification number 002

UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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

UNITED MILWAUKEE SCRAP, LLC has sponsored the creation of one or more 401k plans.

Company Name:UNITED MILWAUKEE SCRAP, LLC
Employer identification number (EIN):010766959
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-01-01
0022020-01-01
0022019-03-15
0022019-03-15
0022018-01-01
0022017-01-01

Plan Statistics for UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES

401k plan membership statisitcs for UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES

Measure Date Value
2021: UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES 2021 401k membership
Total participants, beginning-of-year2021-01-010
Total number of active participants reported on line 7a of the Form 55002021-01-010
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-010
Number of participants with account balances2021-01-010
2020: UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES 2020 401k membership
Total participants, beginning-of-year2020-01-01103
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-010
Number of participants with account balances2020-01-010
2019: UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES 2019 401k membership
Total participants, beginning-of-year2019-03-1546
Total number of active participants reported on line 7a of the Form 55002019-03-1574
Number of retired or separated participants receiving benefits2019-03-150
Number of other retired or separated participants entitled to future benefits2019-03-1529
Total of all active and inactive participants2019-03-15103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-03-150
Total participants2019-03-15103
Number of participants with account balances2019-03-1553
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-03-150

Financial Data on UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES

Measure Date Value
2021 : UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES 2021 401k financial data
Transfers to/from the plan2021-10-22$0
Total plan liabilities at end of year2021-10-22$0
Total plan liabilities at beginning of year2021-10-22$0
Total income from all sources2021-10-22$0
Expenses. Total of all expenses incurred2021-10-22$1,590
Benefits paid (including direct rollovers)2021-10-22$0
Total plan assets at end of year2021-10-22$0
Total plan assets at beginning of year2021-10-22$1,590
Value of fidelity bond covering the plan2021-10-22$25,000
Total contributions received or receivable from participants2021-10-22$0
Expenses. Other expenses not covered elsewhere2021-10-22$0
Contributions received from other sources (not participants or employers)2021-10-22$0
Other income received2021-10-22$0
Noncash contributions received2021-10-22$0
Net income (gross income less expenses)2021-10-22$-1,590
Net plan assets at end of year (total assets less liabilities)2021-10-22$0
Net plan assets at beginning of year (total assets less liabilities)2021-10-22$1,590
Total contributions received or receivable from employer(s)2021-10-22$0
Value of certain deemed distributions of participant loans2021-10-22$0
Value of corrective distributions2021-10-22$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-10-22$1,590
2020 : UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$-15,738
Expenses. Total of all expenses incurred2020-12-31$446,592
Benefits paid (including direct rollovers)2020-12-31$444,485
Total plan assets at end of year2020-12-31$1,590
Total plan assets at beginning of year2020-12-31$463,920
Value of fidelity bond covering the plan2020-12-31$25,000
Total contributions received or receivable from participants2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$-15,738
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$-462,330
Net plan assets at end of year (total assets less liabilities)2020-12-31$1,590
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$463,920
Assets. Value of participant loans2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$0
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$2,107
2019 : UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES 2019 401k financial data
Transfers to/from the plan2019-12-31$459,395
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$182,788
Expenses. Total of all expenses incurred2019-12-31$178,263
Benefits paid (including direct rollovers)2019-12-31$173,970
Total plan assets at end of year2019-12-31$463,920
Total plan assets at beginning of year2019-12-31$0
Value of fidelity bond covering the plan2019-12-31$25,000
Total contributions received or receivable from participants2019-12-31$42,232
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$40,228
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$4,525
Net plan assets at end of year (total assets less liabilities)2019-12-31$463,920
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$0
Assets. Value of participant loans2019-12-31$8,438
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022019-12-31$0
Total contributions received or receivable from employer(s)2019-12-31$100,328
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$4,293

Form 5500 Responses for UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES

2021: UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES 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 filingYes
2021-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: UNITED MILWAUKEE SCRAP, LLC 401(K) PROFIT SHARING PLAN FOR HOURLY EMPLOYEES 2019 form 5500 responses
2019-03-15Type of plan entitySingle employer plan
2019-03-15First time form 5500 has been submittedYes
2019-03-15Submission has been amendedYes
2019-03-15This submission is the final filingNo
2019-03-15This return/report is a short plan year return/report (less than 12 months)Yes
2019-03-15Plan is a collectively bargained planNo
2019-03-15Plan funding arrangement – TrustYes
2019-03-15Plan benefit arrangement - TrustYes

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