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IMPERIAL BAG & PAPER CO., LLC DEFINED BENEFIT PLAN 401k Plan overview

Plan NameIMPERIAL BAG & PAPER CO., LLC DEFINED BENEFIT PLAN
Plan identification number 003

IMPERIAL BAG & PAPER CO., LLC DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.

401k Sponsoring company profile

IMPERIAL BAG & PAPER CO., LLC has sponsored the creation of one or more 401k plans.

Company Name:IMPERIAL BAG & PAPER CO., LLC
Employer identification number (EIN):205963953
NAIC Classification:424100

Additional information about IMPERIAL BAG & PAPER CO., LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 4259381

More information about IMPERIAL BAG & PAPER CO., LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IMPERIAL BAG & PAPER CO., LLC DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032016-01-01PAUL CERVINO PAUL CERVINO2017-05-30
0032015-01-01PAUL CERVINO2016-10-04 PAUL CERVINO2016-10-04
0032014-01-01PAUL CERVINO2015-06-10 PAUL CERVINO2015-06-10

Plan Statistics for IMPERIAL BAG & PAPER CO., LLC DEFINED BENEFIT PLAN

401k plan membership statisitcs for IMPERIAL BAG & PAPER CO., LLC DEFINED BENEFIT PLAN

Measure Date Value
2016: IMPERIAL BAG & PAPER CO., LLC DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-311,961,004
Acturial value of plan assets2016-12-311,961,004
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-3152
Active participant vested funding target2016-12-311,048,600
Number of active participants2016-12-3146
Total funding liabilities for active participants2016-12-311,747,666
Total participant count2016-12-3147
Total funding target for all participants2016-12-311,747,718
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31215,631
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-31215,631
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31477,032
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31477,032
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31477,032
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 year2016-12-31477,032
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 date2016-12-310
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
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 cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-31263,746
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3148,703
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-3148,703
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-0147
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on IMPERIAL BAG & PAPER CO., LLC DEFINED BENEFIT PLAN

Measure Date Value
2016 : IMPERIAL BAG & PAPER CO., LLC DEFINED BENEFIT PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$-43,725
Expenses. Total of all expenses incurred2016-12-31$1,931,964
Benefits paid (including direct rollovers)2016-12-31$1,931,964
Total plan assets at end of year2016-12-31$0
Total plan assets at beginning of year2016-12-31$1,975,689
Value of fidelity bond covering the plan2016-12-31$200,000
Total contributions received or receivable from participants2016-12-31$0
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$-43,725
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$-1,975,689
Net plan assets at end of year (total assets less liabilities)2016-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,975,689
Total contributions received or receivable from employer(s)2016-12-31$0
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0

Form 5500 Responses for IMPERIAL BAG & PAPER CO., LLC DEFINED BENEFIT PLAN

2016: IMPERIAL BAG & PAPER CO., LLC DEFINED BENEFIT 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 filingYes
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

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