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COGNIS CORPORATION CONSOLIDATED UNION RETIREMENT PLAN 401k Plan overview

Plan NameCOGNIS CORPORATION CONSOLIDATED UNION RETIREMENT PLAN
Plan identification number 064

COGNIS CORPORATION CONSOLIDATED UNION RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:BASF CORPORATION
Employer identification number (EIN):161090809

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COGNIS CORPORATION CONSOLIDATED UNION RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0642012-01-01GEORGE MUSKAL

Plan Statistics for COGNIS CORPORATION CONSOLIDATED UNION RETIREMENT PLAN

401k plan membership statisitcs for COGNIS CORPORATION CONSOLIDATED UNION RETIREMENT PLAN

Measure Date Value
2012: COGNIS CORPORATION CONSOLIDATED UNION RETIREMENT PLAN 2012 401k membership
Market value of plan assets2012-12-3124,518,743
Acturial value of plan assets2012-12-3124,343,050
Funding target for retired participants and beneficiaries receiving payment2012-12-3113,510,916
Number of terminated vested participants2012-12-31139
Fundng target for terminated vested participants2012-12-313,586,204
Active participant vested funding target2012-12-317,000,844
Number of active participants2012-12-31112
Total funding liabilities for active participants2012-12-317,000,844
Total participant count2012-12-31538
Total funding target for all participants2012-12-3124,097,964
Balance at beginning of prior year after applicable adjustments2012-12-310
Prefunding balance at beginning of prior year after applicable adjustments2012-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2012-12-310
Prefunding balanced used to offset prior years funding requirement2012-12-310
Amount remaining of carryover balance2012-12-310
Amount remaining of prefunding balance2012-12-310
Present value of excess contributions2012-12-31142
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2012-12-31151
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2012-12-310
Reductions in caryover balances due to elections or deemed elections2012-12-310
Reductions in prefunding balances due to elections or deemed elections2012-12-310
Balance of carryovers at beginning of current year2012-12-310
Balance of prefunding at beginning of current year2012-12-310
Total employer contributions2012-12-31454,600
Total employee contributions2012-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2012-12-310
Contributions made to avoid restrictions adjusted to valuation date2012-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2012-12-31443,790
Liquidity shortfalls end of Q12012-12-310
Liquidity shortfalls end of Q22012-12-310
Liquidity shortfalls end of Q32012-12-310
Liquidity shortfalls end of Q42012-12-310
Unpaid minimum required contributions for all prior years2012-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2012-12-310
Remaining amount of unpaid minimum required contributions2012-12-310
Minimum required contributions for current year target normal cost2012-12-31240,582
Net shortfall amortization installment of oustanding balance2012-12-310
Waiver amortization installment2012-12-310
Total funding amount beforereflecting carryover/prefunding balances2012-12-310
Carryover balance elected to use to offset funding requirement2012-12-310
Prefunding balance elected to use to offset funding requirement2012-12-310
Additional cash requirement2012-12-310
Contributions allocatedtoward minimum required contributions for current year2012-12-31443,790
Unpaid minimum required contributions for current year2012-12-310
Unpaid minimum required contributions for all years2012-12-310
Total participants, beginning-of-year2012-01-01538
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on COGNIS CORPORATION CONSOLIDATED UNION RETIREMENT PLAN

Measure Date Value
2012 : COGNIS CORPORATION CONSOLIDATED UNION RETIREMENT PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total transfer of assets from this plan2012-12-31$27,034,565
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$784,964
Total income from all sources (including contributions)2012-12-31$3,332,193
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$1,429,124
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,429,124
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$454,600
Value of total assets at end of year2012-12-31$0
Value of total assets at beginning of year2012-12-31$25,916,460
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$0
Total interest from all sources2012-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$784,964
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$1,903,069
Value of net assets at end of year (total assets less liabilities)2012-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$25,131,496
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in master investment trust accounts at end of year2012-12-31$0
Value of interest in master investment trust accounts at beginning of year2012-12-31$25,501,044
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$454,600
Employer contributions (assets) at end of year2012-12-31$0
Employer contributions (assets) at beginning of year2012-12-31$415,416
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,429,124
Did the plan have assets held for investment2012-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31COHNREZNICK LLP
Accountancy firm EIN2012-12-31221478099

Form 5500 Responses for COGNIS CORPORATION CONSOLIDATED UNION RETIREMENT PLAN

2012: COGNIS CORPORATION CONSOLIDATED UNION RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedYes
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

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