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CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameCG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS PLAN
Plan identification number 002

CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS 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.
  • 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.

401k Sponsoring company profile

WEG TRANSFORMERS USA, LLC has sponsored the creation of one or more 401k plans.

Company Name:WEG TRANSFORMERS USA, LLC
Employer identification number (EIN):141799233
NAIC Classification:335310

Additional information about WEG TRANSFORMERS USA, LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 5213747

More information about WEG TRANSFORMERS USA, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022015-01-01MELINDA NIELSON MELINDA NIELSON2016-10-17
0022014-01-01MELINDA NIELSON
0022009-01-01DAVID BROWNELL

Plan Statistics for CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS PLAN

Measure Date Value
2015: CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01170
Total number of active participants reported on line 7a of the Form 55002015-01-010
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 participants2015-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-010
Number of participants with account balances2015-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01146
Total number of active participants reported on line 7a of the Form 55002014-01-01112
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0127
Total of all active and inactive participants2014-01-01139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01139
Number of participants with account balances2014-01-01121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-019
2009: CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01127
Total number of active participants reported on line 7a of the Form 55002009-01-01110
Number of retired or separated participants receiving benefits2009-01-0126
Total of all active and inactive participants2009-01-01136
Total participants2009-01-01136
Number of participants with account balances2009-01-01118

Financial Data on CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS PLAN

Measure Date Value
2015 : CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS PLAN 2015 401k financial data
Total transfer of assets from this plan2015-05-29$5,125,863
Total income from all sources (including contributions)2015-05-29$350,146
Total of all expenses incurred2015-05-29$990,701
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-05-29$977,525
Value of total corrective distributions2015-05-29$12,896
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-05-29$153,637
Value of total assets at end of year2015-05-29$0
Value of total assets at beginning of year2015-05-29$5,766,418
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-05-29$280
Total interest from all sources2015-05-29$435
Total dividends received (eg from common stock, registered investment company shares)2015-05-29$15,268
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-05-29Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2015-05-29$0
Total dividends received from registered investment company shares (eg mutual funds)2015-05-29$15,268
Was this plan covered by a fidelity bond2015-05-29Yes
Value of fidelity bond cover2015-05-29$500,000
If this is an individual account plan, was there a blackout period2015-05-29Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-05-29$0
Were there any nonexempt tranactions with any party-in-interest2015-05-29No
Contributions received from participants2015-05-29$105,193
Participant contributions at end of year2015-05-29$0
Participant contributions at beginning of year2015-05-29$41,431
Income. Received or receivable in cash from other sources (including rollovers)2015-05-29$0
Administrative expenses (other) incurred2015-05-29$280
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-05-29No
Value of net income/loss2015-05-29$-640,555
Value of net assets at end of year (total assets less liabilities)2015-05-29$0
Value of net assets at beginning of year (total assets less liabilities)2015-05-29$5,766,418
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-05-29No
Were any loans by the plan or fixed income obligations due to the plan in default2015-05-29No
Were any leases to which the plan was party in default or uncollectible2015-05-29No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-05-29$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-05-29$4,773,786
Interest on participant loans2015-05-29$430
Value of interest in common/collective trusts at end of year2015-05-29$0
Value of interest in common/collective trusts at beginning of year2015-05-29$399,157
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-05-29$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-05-29$552,044
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-05-29$552,044
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-05-29$5
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-05-29$168,676
Net investment gain or loss from common/collective trusts2015-05-29$12,130
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-05-29No
Was there a failure to transmit to the plan any participant contributions2015-05-29No
Has the plan failed to provide any benefit when due under the plan2015-05-29No
Contributions received in cash from employer2015-05-29$48,444
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-05-29$977,525
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-05-29Yes
Did the plan have assets held for investment2015-05-29No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-05-29No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-05-29Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-05-29Yes
Opinion of an independent qualified public accountant for this plan2015-05-29Disclaimer
Accountancy firm name2015-05-29HOCHSCHILD BLOOM & COMPANY LLP
Accountancy firm EIN2015-05-29430673920
2014 : CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets to this plan2014-12-31$0
Total transfer of assets from this plan2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$916,790
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$209,120
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$208,545
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$686,464
Value of total assets at end of year2014-12-31$5,766,418
Value of total assets at beginning of year2014-12-31$5,058,748
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$575
Total interest from all sources2014-12-31$2,151
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$373,030
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$373,030
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$472,539
Participant contributions at end of year2014-12-31$41,431
Participant contributions at beginning of year2014-12-31$63,245
Administrative expenses (other) incurred2014-12-31$575
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$707,670
Value of net assets at end of year (total assets less liabilities)2014-12-31$5,766,418
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$5,058,748
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$4,773,786
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$4,104,260
Interest on participant loans2014-12-31$2,151
Value of interest in common/collective trusts at end of year2014-12-31$399,157
Value of interest in common/collective trusts at beginning of year2014-12-31$404,402
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$552,044
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$486,841
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$486,841
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-185,988
Net investment gain or loss from common/collective trusts2014-12-31$41,133
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$213,925
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$208,545
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31HOCHSCHILD BLOOM & COMPANY LLP
Accountancy firm EIN2014-12-31430673920
2009 : CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS PLAN 2009 401k financial data
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS PLAN

2015: CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS 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 filingYes
2015-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS 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
2009: CG POWER SOLUTIONS USA, INC. 401(K) RETIREMENT SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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