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RWK TOOL, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameRWK TOOL, INC. CASH BALANCE PENSION PLAN
Plan identification number 002

RWK TOOL, INC. CASH BALANCE PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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

RWK TOOL, INC. has sponsored the creation of one or more 401k plans.

Company Name:RWK TOOL, INC.
Employer identification number (EIN):061340019
NAIC Classification:333900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RWK TOOL, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01WILLIAM BUGGIE2024-04-08 WILLIAM BUGGIE2024-04-08
0022022-01-01WILLIAM BUGGIE2023-09-12
0022021-01-01WILLIAM BUGGIE2022-10-10
0022020-01-01WILLIAM BUGGIE2021-09-21 WILLIAM BUGGIE2021-09-21
0022019-01-01WILLIAM BUGGIE2020-10-13 WILLIAM BUGGIE2020-10-13
0022018-01-01WILLIAM BUGGIE2019-08-13
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01WILLIAM BUGGIE
0022013-01-01WILLIAM BUGGIE
0022012-01-01WILLIAM BUGGIE
0022011-01-01WILLIAM BUGGIE2012-10-09
0022010-01-01WILLIAM BUGGIE2011-10-13

Plan Statistics for RWK TOOL, INC. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for RWK TOOL, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2023: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0132
Total number of active participants reported on line 7a of the Form 55002023-01-0124
Number of retired or separated participants receiving benefits2023-01-011
Number of other retired or separated participants entitled to future benefits2023-01-014
Total of all active and inactive participants2023-01-0129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-011
Total participants2023-01-0130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-316,849,813
Acturial value of plan assets2022-12-316,849,813
Funding target for retired participants and beneficiaries receiving payment2022-12-3132,941
Number of terminated vested participants2022-12-313
Fundng target for terminated vested participants2022-12-3120,987
Active participant vested funding target2022-12-315,298,253
Number of active participants2022-12-3121
Total funding liabilities for active participants2022-12-315,298,253
Total participant count2022-12-3125
Total funding target for all participants2022-12-315,352,181
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31379,673
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31379,673
Present value of excess contributions2022-12-31463,593
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31488,673
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31418,362
Total employer contributions2022-12-31245,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31232,974
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31395,410
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31232,974
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-0125
Total number of active participants reported on line 7a of the Form 55002022-01-0122
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-014
Total of all active and inactive participants2022-01-0127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-315,802,849
Acturial value of plan assets2021-12-315,802,849
Funding target for retired participants and beneficiaries receiving payment2021-12-3133,409
Number of terminated vested participants2021-12-313
Fundng target for terminated vested participants2021-12-3139,111
Active participant vested funding target2021-12-314,674,891
Number of active participants2021-12-3121
Total funding liabilities for active participants2021-12-314,675,030
Total participant count2021-12-3125
Total funding target for all participants2021-12-314,747,550
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31352,758
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 balance2021-12-31352,758
Present value of excess contributions2021-12-31357,696
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31376,225
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
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 year2021-12-31379,673
Total employer contributions2021-12-31495,819
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 date2021-12-31463,593
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 cost2021-12-31282,645
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31463,593
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-0126
Total number of active participants reported on line 7a of the Form 55002021-01-0121
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-013
Total of all active and inactive participants2021-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-315,042,537
Acturial value of plan assets2020-12-315,042,537
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-313
Fundng target for terminated vested participants2020-12-3156,315
Active participant vested funding target2020-12-314,239,560
Number of active participants2020-12-3121
Total funding liabilities for active participants2020-12-314,239,560
Total participant count2020-12-3124
Total funding target for all participants2020-12-314,295,875
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31304,811
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31304,811
Present value of excess contributions2020-12-31114,726
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31120,852
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31352,758
Total employer contributions2020-12-31386,214
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31357,696
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31357,696
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-0124
Total number of active participants reported on line 7a of the Form 55002020-01-0121
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-013
Total of all active and inactive participants2020-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-313,967,365
Acturial value of plan assets2019-12-313,967,365
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-313
Fundng target for terminated vested participants2019-12-3133,190
Active participant vested funding target2019-12-313,729,690
Number of active participants2019-12-3123
Total funding liabilities for active participants2019-12-313,729,690
Total participant count2019-12-3126
Total funding target for all participants2019-12-313,762,880
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31314,173
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31314,173
Present value of excess contributions2019-12-31206,117
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31217,268
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31304,811
Total employer contributions2019-12-31455,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31437,725
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31322,999
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31322,999
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31322,999
Contributions allocatedtoward minimum required contributions for current year2019-12-31437,725
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-0126
Total number of active participants reported on line 7a of the Form 55002019-01-0121
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-013
Total of all active and inactive participants2019-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-313,557,453
Acturial value of plan assets2018-12-313,557,453
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-314
Fundng target for terminated vested participants2018-12-3131,279
Active participant vested funding target2018-12-313,194,418
Number of active participants2018-12-3122
Total funding liabilities for active participants2018-12-313,194,740
Total participant count2018-12-3126
Total funding target for all participants2018-12-313,226,019
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31288,656
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31288,656
Present value of excess contributions2018-12-31104,704
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31110,578
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31314,173
Total employer contributions2018-12-31522,359
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31506,638
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31317,782
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31300,521
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31300,521
Contributions allocatedtoward minimum required contributions for current year2018-12-31506,638
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-0126
Total number of active participants reported on line 7a of the Form 55002018-01-0122
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-013
Total of all active and inactive participants2018-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-313,197,180
Acturial value of plan assets2017-12-313,197,180
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-313
Fundng target for terminated vested participants2017-12-3130,611
Active participant vested funding target2017-12-312,798,108
Number of active participants2017-12-3122
Total funding liabilities for active participants2017-12-312,799,484
Total participant count2017-12-3125
Total funding target for all participants2017-12-312,830,095
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31278,035
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-31278,035
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31288,656
Total employer contributions2017-12-31351,412
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31360,273
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31317,804
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31255,569
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31255,569
Contributions allocatedtoward minimum required contributions for current year2017-12-31360,273
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-0126
Total number of active participants reported on line 7a of the Form 55002017-01-0121
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-014
Total of all active and inactive participants2017-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-312,694,141
Acturial value of plan assets2016-12-312,694,141
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-312
Fundng target for terminated vested participants2016-12-3125,543
Active participant vested funding target2016-12-312,274,306
Number of active participants2016-12-3123
Total funding liabilities for active participants2016-12-312,274,306
Total participant count2016-12-3125
Total funding target for all participants2016-12-312,299,849
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31280,843
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-31280,843
Present value of excess contributions2016-12-31230,287
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31230,287
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31278,035
Total employer contributions2016-12-31266,229
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31266,958
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31367,145
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31266,958
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31266,958
Contributions allocatedtoward minimum required contributions for current year2016-12-31266,958
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-0124
Total number of active participants reported on line 7a of the Form 55002016-01-0121
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-012
Total of all active and inactive participants2016-01-0123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0124
Total number of active participants reported on line 7a of the Form 55002015-01-0120
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-0120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-0121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0126
Total number of active participants reported on line 7a of the Form 55002014-01-0121
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-012
Total of all active and inactive participants2014-01-0123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0122
Total number of active participants reported on line 7a of the Form 55002013-01-0121
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-012
Total of all active and inactive participants2013-01-0123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0111
Total number of active participants reported on line 7a of the Form 55002012-01-0118
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-011

Financial Data on RWK TOOL, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2023 : RWK TOOL, INC. CASH BALANCE PENSION PLAN 2023 401k financial data
Total income from all sources2023-12-31$460,608
Expenses. Total of all expenses incurred2023-12-31$19,932
Benefits paid (including direct rollovers)2023-12-31$1,123
Total plan assets at end of year2023-12-31$4,230,393
Total plan assets at beginning of year2023-12-31$3,789,717
Value of fidelity bond covering the plan2023-12-31$400,000
Expenses. Other expenses not covered elsewhere2023-12-31$30
Other income received2023-12-31$460,608
Net income (gross income less expenses)2023-12-31$440,676
Net plan assets at end of year (total assets less liabilities)2023-12-31$4,230,393
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$3,789,717
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$18,779
2022 : RWK TOOL, INC. CASH BALANCE PENSION PLAN 2022 401k financial data
Total income from all sources2022-12-31$-235,670
Expenses. Total of all expenses incurred2022-12-31$2,832,566
Benefits paid (including direct rollovers)2022-12-31$2,801,448
Total plan assets at end of year2022-12-31$3,789,717
Total plan assets at beginning of year2022-12-31$6,857,953
Value of fidelity bond covering the plan2022-12-31$685,795
Expenses. Other expenses not covered elsewhere2022-12-31$19
Other income received2022-12-31$-480,670
Net income (gross income less expenses)2022-12-31$-3,068,236
Net plan assets at end of year (total assets less liabilities)2022-12-31$3,789,717
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$6,857,953
Total contributions received or receivable from employer(s)2022-12-31$245,000
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$31,099
2021 : RWK TOOL, INC. CASH BALANCE PENSION PLAN 2021 401k financial data
Total income from all sources2021-12-31$1,097,015
Expenses. Total of all expenses incurred2021-12-31$51,900
Benefits paid (including direct rollovers)2021-12-31$23,107
Total plan assets at end of year2021-12-31$6,857,953
Total plan assets at beginning of year2021-12-31$5,812,838
Value of fidelity bond covering the plan2021-12-31$581,284
Expenses. Other expenses not covered elsewhere2021-12-31$72
Other income received2021-12-31$601,196
Net income (gross income less expenses)2021-12-31$1,045,115
Net plan assets at end of year (total assets less liabilities)2021-12-31$6,857,953
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$5,812,838
Total contributions received or receivable from employer(s)2021-12-31$495,819
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$28,721
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : RWK TOOL, INC. CASH BALANCE PENSION PLAN 2020 401k financial data
Total income from all sources2020-12-31$791,524
Expenses. Total of all expenses incurred2020-12-31$22,114
Total plan assets at end of year2020-12-31$5,812,838
Total plan assets at beginning of year2020-12-31$5,043,428
Value of fidelity bond covering the plan2020-12-31$504,343
Other income received2020-12-31$405,310
Net income (gross income less expenses)2020-12-31$769,410
Net plan assets at end of year (total assets less liabilities)2020-12-31$5,812,838
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$5,043,428
Total contributions received or receivable from employer(s)2020-12-31$386,214
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$22,114
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : RWK TOOL, INC. CASH BALANCE PENSION PLAN 2019 401k financial data
Total income from all sources2019-12-31$1,117,917
Expenses. Total of all expenses incurred2019-12-31$42,312
Benefits paid (including direct rollovers)2019-12-31$21,384
Total plan assets at end of year2019-12-31$5,043,428
Total plan assets at beginning of year2019-12-31$3,967,823
Value of fidelity bond covering the plan2019-12-31$400,000
Other income received2019-12-31$662,917
Net income (gross income less expenses)2019-12-31$1,075,605
Net plan assets at end of year (total assets less liabilities)2019-12-31$5,043,428
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$3,967,823
Total contributions received or receivable from employer(s)2019-12-31$455,000
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$20,928
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : RWK TOOL, INC. CASH BALANCE PENSION PLAN 2018 401k financial data
Total income from all sources2018-12-31$428,753
Expenses. Total of all expenses incurred2018-12-31$18,384
Benefits paid (including direct rollovers)2018-12-31$100
Total plan assets at end of year2018-12-31$3,967,823
Total plan assets at beginning of year2018-12-31$3,557,454
Value of fidelity bond covering the plan2018-12-31$400,000
Other income received2018-12-31$-93,606
Net income (gross income less expenses)2018-12-31$410,369
Net plan assets at end of year (total assets less liabilities)2018-12-31$3,967,823
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$3,557,454
Total contributions received or receivable from employer(s)2018-12-31$522,359
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$18,284
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : RWK TOOL, INC. CASH BALANCE PENSION PLAN 2017 401k financial data
Total income from all sources2017-12-31$632,813
Expenses. Total of all expenses incurred2017-12-31$38,411
Benefits paid (including direct rollovers)2017-12-31$31,613
Total plan assets at end of year2017-12-31$3,557,454
Total plan assets at beginning of year2017-12-31$2,963,052
Value of fidelity bond covering the plan2017-12-31$400,000
Other income received2017-12-31$281,401
Net income (gross income less expenses)2017-12-31$594,402
Net plan assets at end of year (total assets less liabilities)2017-12-31$3,557,454
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$2,963,052
Total contributions received or receivable from employer(s)2017-12-31$351,412
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$6,798
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : RWK TOOL, INC. CASH BALANCE PENSION PLAN 2016 401k financial data
Total income from all sources2016-12-31$360,840
Expenses. Total of all expenses incurred2016-12-31$50
Total plan assets at end of year2016-12-31$2,963,052
Total plan assets at beginning of year2016-12-31$2,602,262
Value of fidelity bond covering the plan2016-12-31$400,000
Other income received2016-12-31$94,611
Net income (gross income less expenses)2016-12-31$360,790
Net plan assets at end of year (total assets less liabilities)2016-12-31$2,963,052
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$2,602,262
Total contributions received or receivable from employer(s)2016-12-31$266,229
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$50
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : RWK TOOL, INC. CASH BALANCE PENSION PLAN 2015 401k financial data
Total income from all sources2015-12-31$547,719
Expenses. Total of all expenses incurred2015-12-31$23,597
Benefits paid (including direct rollovers)2015-12-31$23,547
Total plan assets at end of year2015-12-31$2,602,262
Total plan assets at beginning of year2015-12-31$2,078,140
Value of fidelity bond covering the plan2015-12-31$400,000
Other income received2015-12-31$-21,194
Net income (gross income less expenses)2015-12-31$524,122
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,602,262
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,078,140
Total contributions received or receivable from employer(s)2015-12-31$568,913
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$50
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : RWK TOOL, INC. CASH BALANCE PENSION PLAN 2014 401k financial data
Total income from all sources2014-12-31$441,886
Expenses. Total of all expenses incurred2014-12-31$50
Total plan assets at end of year2014-12-31$2,078,140
Total plan assets at beginning of year2014-12-31$1,636,304
Value of fidelity bond covering the plan2014-12-31$400,000
Other income received2014-12-31$75,569
Net income (gross income less expenses)2014-12-31$441,836
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,078,140
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,636,304
Total contributions received or receivable from employer(s)2014-12-31$366,317
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$50
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : RWK TOOL, INC. CASH BALANCE PENSION PLAN 2013 401k financial data
Total income from all sources2013-12-31$373,189
Expenses. Total of all expenses incurred2013-12-31$50
Total plan assets at end of year2013-12-31$1,636,304
Total plan assets at beginning of year2013-12-31$1,263,165
Value of fidelity bond covering the plan2013-12-31$400,000
Other income received2013-12-31$29,989
Net income (gross income less expenses)2013-12-31$373,139
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,636,304
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,263,165
Total contributions received or receivable from employer(s)2013-12-31$343,200
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$50
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : RWK TOOL, INC. CASH BALANCE PENSION PLAN 2012 401k financial data
Total income from all sources2012-12-31$279,530
Expenses. Total of all expenses incurred2012-12-31$400
Total plan assets at end of year2012-12-31$1,263,165
Total plan assets at beginning of year2012-12-31$984,035
Value of fidelity bond covering the plan2012-12-31$400,000
Other income received2012-12-31$29,530
Net income (gross income less expenses)2012-12-31$279,130
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,263,165
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$984,035
Total contributions received or receivable from employer(s)2012-12-31$250,000
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$400
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0

Form 5500 Responses for RWK TOOL, INC. CASH BALANCE PENSION PLAN

2023: RWK TOOL, INC. CASH BALANCE PENSION 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
2022: RWK TOOL, INC. CASH BALANCE PENSION 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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: RWK TOOL, INC. CASH BALANCE PENSION PLAN 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
2020: RWK TOOL, INC. CASH BALANCE PENSION PLAN 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: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedYes
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: RWK TOOL, INC. CASH BALANCE PENSION PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

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