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ITT STANDARD HOURLY BARGAINING UNIT PENSION PLAN 401k Plan overview

Plan NameITT STANDARD HOURLY BARGAINING UNIT PENSION PLAN
Plan identification number 177

ITT STANDARD HOURLY BARGAINING UNIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ITT CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:ITT CORPORATION
Employer identification number (EIN):135158950
NAIC Classification:333200

Additional information about ITT CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2565599

More information about ITT CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ITT STANDARD HOURLY BARGAINING UNIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
1772010-01-01GARY MAJCHRZAK
1772009-01-01GARY MAJCHRZAK JANICE KLETTNER2010-10-12

Plan Statistics for ITT STANDARD HOURLY BARGAINING UNIT PENSION PLAN

401k plan membership statisitcs for ITT STANDARD HOURLY BARGAINING UNIT PENSION PLAN

Measure Date Value
2010: ITT STANDARD HOURLY BARGAINING UNIT PENSION PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01345
Total number of active participants reported on line 7a of the Form 55002010-01-01157
Number of retired or separated participants receiving benefits2010-01-01105
Number of other retired or separated participants entitled to future benefits2010-01-0160
Total of all active and inactive participants2010-01-01322
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-0122
Total participants2010-01-01344
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-012
2009: ITT STANDARD HOURLY BARGAINING UNIT PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01345
Total number of active participants reported on line 7a of the Form 55002009-01-01164
Number of retired or separated participants receiving benefits2009-01-0198
Number of other retired or separated participants entitled to future benefits2009-01-0161
Total of all active and inactive participants2009-01-01323
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-0122
Total participants2009-01-01345
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-013

Financial Data on ITT STANDARD HOURLY BARGAINING UNIT PENSION PLAN

Measure Date Value
2010 : ITT STANDARD HOURLY BARGAINING UNIT PENSION PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$39,365
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$27,820
Total income from all sources (including contributions)2010-12-31$2,146,085
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$612,080
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$612,080
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$589,000
Value of total assets at end of year2010-12-31$13,754,934
Value of total assets at beginning of year2010-12-31$12,209,384
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$0
Total interest from all sources2010-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$15,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Liabilities. Value of operating payables at end of year2010-12-31$39,365
Liabilities. Value of operating payables at beginning of year2010-12-31$27,820
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$1,534,005
Value of net assets at end of year (total assets less liabilities)2010-12-31$13,715,569
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$12,181,564
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in master investment trust accounts at end of year2010-12-31$13,165,934
Value of interest in master investment trust accounts at beginning of year2010-12-31$12,209,384
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$589,000
Employer contributions (assets) at end of year2010-12-31$589,000
Employer contributions (assets) at beginning of year2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$612,080
Did the plan have assets held for investment2010-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2010-12-31133891517
2009 : ITT STANDARD HOURLY BARGAINING UNIT PENSION PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for ITT STANDARD HOURLY BARGAINING UNIT PENSION PLAN

2010: ITT STANDARD HOURLY BARGAINING UNIT PENSION PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: ITT STANDARD HOURLY BARGAINING UNIT PENSION PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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