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RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO 401k Plan overview

Plan NameRETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO
Plan identification number 003

RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

STANDARD STEEL SPECIALTY COMPANY has sponsored the creation of one or more 401k plans.

Company Name:STANDARD STEEL SPECIALTY COMPANY
Employer identification number (EIN):251471448
NAIC Classification:331110
NAIC Description:Iron and Steel Mills and Ferroalloy Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-07-01DYLAN PRICE2024-02-22
0032021-07-01DYLAN PRICE2023-02-28
0032020-07-01DYLAN PRICE2022-03-29
0032019-07-01FREDERICK STRALEY2020-12-30
0032019-07-01FREDERICK STRALEY2020-12-30
0032018-07-01FREDERICK STRALEY2020-01-13
0032017-07-01FREDERICK STRALEY2019-01-10
0032016-07-01FREDERICK STRALEY2018-01-09
0032015-07-01FREDERICK STRALEY2017-01-19
0032014-07-01FREDERICK STRALEY2015-11-13
0032013-07-01FREDERICK STRALEY2014-12-03
0032012-07-01FREDERICK STRALEY2014-01-21 FREDERICK STRALEY2014-01-21
0032011-07-01ROBERT CONLEY2013-01-24
0032009-07-01ROBERT CONLEY
0032009-07-01 ROBERT CONLEY2011-04-05

Plan Statistics for RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO

401k plan membership statisitcs for RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO

Measure Date Value
2023: RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO 2023 401k membership
Market value of plan assets2023-06-304,985,537
Acturial value of plan assets2023-06-305,136,460
Funding target for retired participants and beneficiaries receiving payment2023-06-302,578,329
Number of terminated vested participants2023-06-300
Fundng target for terminated vested participants2023-06-300
Active participant vested funding target2023-06-3035,177
Number of active participants2023-06-301
Total funding liabilities for active participants2023-06-3035,177
Total participant count2023-06-3055
Total funding target for all participants2023-06-302,613,506
Balance at beginning of prior year after applicable adjustments2023-06-303,898
Prefunding balance at beginning of prior year after applicable adjustments2023-06-30724,159
Amount remaining of carryover balance2023-06-303,898
Amount remaining of prefunding balance2023-06-30724,159
Present value of excess contributions2023-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-06-300
Reductions in caryover balances due to elections or deemed elections2023-06-300
Reductions in prefunding balances due to elections or deemed elections2023-06-300
Balance of carryovers at beginning of current year2023-06-303,483
Balance of prefunding at beginning of current year2023-06-30647,109
Total employer contributions2023-06-300
Total employee contributions2023-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2023-06-300
Contributions made to avoid restrictions adjusted to valuation date2023-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-06-300
Unpaid minimum required contributions for all prior years2023-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-06-300
Remaining amount of unpaid minimum required contributions2023-06-300
Minimum required contributions for current year target normal cost2023-06-3020,000
Net shortfall amortization installment of oustanding balance2023-06-300
Waiver amortization installment2023-06-300
Total funding amount beforereflecting carryover/prefunding balances2023-06-300
Additional cash requirement2023-06-300
Contributions allocatedtoward minimum required contributions for current year2023-06-300
Unpaid minimum required contributions for current year2023-06-300
Unpaid minimum required contributions for all years2023-06-300
2022: RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO 2022 401k membership
Market value of plan assets2022-06-305,928,555
Acturial value of plan assets2022-06-305,335,700
Funding target for retired participants and beneficiaries receiving payment2022-06-302,575,795
Number of terminated vested participants2022-06-300
Fundng target for terminated vested participants2022-06-300
Active participant vested funding target2022-06-30157,349
Number of active participants2022-06-302
Total funding liabilities for active participants2022-06-30157,349
Total participant count2022-06-3056
Total funding target for all participants2022-06-302,733,144
Balance at beginning of prior year after applicable adjustments2022-06-302,786
Prefunding balance at beginning of prior year after applicable adjustments2022-06-30517,589
Amount remaining of carryover balance2022-06-302,786
Amount remaining of prefunding balance2022-06-30517,589
Present value of excess contributions2022-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-06-300
Balance of carryovers at beginning of current year2022-06-303,898
Balance of prefunding at beginning of current year2022-06-30724,159
Total employer contributions2022-06-300
Total employee contributions2022-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2022-06-300
Contributions made to avoid restrictions adjusted to valuation date2022-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-06-300
Unpaid minimum required contributions for all prior years2022-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-06-300
Remaining amount of unpaid minimum required contributions2022-06-300
Minimum required contributions for current year target normal cost2022-06-3017,000
Net shortfall amortization installment of oustanding balance2022-06-300
Waiver amortization installment2022-06-300
Total funding amount beforereflecting carryover/prefunding balances2022-06-300
Additional cash requirement2022-06-300
Contributions allocatedtoward minimum required contributions for current year2022-06-300
Unpaid minimum required contributions for current year2022-06-300
Unpaid minimum required contributions for all years2022-06-300
2021: RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO 2021 401k membership
Market value of plan assets2021-06-304,517,581
Acturial value of plan assets2021-06-304,556,467
Funding target for retired participants and beneficiaries receiving payment2021-06-302,677,101
Number of terminated vested participants2021-06-300
Fundng target for terminated vested participants2021-06-300
Active participant vested funding target2021-06-30261,349
Number of active participants2021-06-303
Total funding liabilities for active participants2021-06-30261,349
Total participant count2021-06-3057
Total funding target for all participants2021-06-302,938,450
Balance at beginning of prior year after applicable adjustments2021-06-302,687
Prefunding balance at beginning of prior year after applicable adjustments2021-06-30499,266
Carryover balanced portion elected for use to offset prior years funding requirement2021-06-300
Prefunding balanced used to offset prior years funding requirement2021-06-300
Amount remaining of carryover balance2021-06-302,687
Amount remaining of prefunding balance2021-06-30499,266
Present value of excess contributions2021-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-06-300
Balance of carryovers at beginning of current year2021-06-302,786
Balance of prefunding at beginning of current year2021-06-30517,589
Total employer contributions2021-06-300
Total employee contributions2021-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-06-300
Contributions made to avoid restrictions adjusted to valuation date2021-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-06-300
Unpaid minimum required contributions for all prior years2021-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-06-300
Remaining amount of unpaid minimum required contributions2021-06-300
Minimum required contributions for current year target normal cost2021-06-3013,000
Total funding amount beforereflecting carryover/prefunding balances2021-06-300
Additional cash requirement2021-06-300
Contributions allocatedtoward minimum required contributions for current year2021-06-300
Unpaid minimum required contributions for current year2021-06-300
Unpaid minimum required contributions for all years2021-06-300
2020: RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO 2020 401k membership
Market value of plan assets2020-06-304,689,276
Acturial value of plan assets2020-06-304,534,576
Funding target for retired participants and beneficiaries receiving payment2020-06-302,835,604
Number of terminated vested participants2020-06-300
Fundng target for terminated vested participants2020-06-300
Active participant vested funding target2020-06-30324,832
Number of active participants2020-06-304
Total funding liabilities for active participants2020-06-30324,832
Total participant count2020-06-3058
Total funding target for all participants2020-06-303,160,436
Balance at beginning of prior year after applicable adjustments2020-06-302,467
Prefunding balance at beginning of prior year after applicable adjustments2020-06-30458,379
Carryover balanced portion elected for use to offset prior years funding requirement2020-06-300
Prefunding balanced used to offset prior years funding requirement2020-06-300
Amount remaining of carryover balance2020-06-302,467
Amount remaining of prefunding balance2020-06-30458,379
Present value of excess contributions2020-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-06-300
Balance of carryovers at beginning of current year2020-06-302,687
Balance of prefunding at beginning of current year2020-06-30499,266
Total employer contributions2020-06-300
Total employee contributions2020-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-06-300
Contributions made to avoid restrictions adjusted to valuation date2020-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-06-300
Unpaid minimum required contributions for all prior years2020-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-06-300
Remaining amount of unpaid minimum required contributions2020-06-300
Minimum required contributions for current year target normal cost2020-06-3017,000
Net shortfall amortization installment of oustanding balance2020-06-300
Waiver amortization installment2020-06-300
Total funding amount beforereflecting carryover/prefunding balances2020-06-300
Carryover balance elected to use to offset funding requirement2020-06-300
Prefunding balance elected to use to offset funding requirement2020-06-300
Additional cash requirement2020-06-300
Contributions allocatedtoward minimum required contributions for current year2020-06-300
Unpaid minimum required contributions for current year2020-06-300
Unpaid minimum required contributions for all years2020-06-300
2019: RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO 2019 401k membership
Market value of plan assets2019-06-304,669,765
Acturial value of plan assets2019-06-304,387,629
Funding target for retired participants and beneficiaries receiving payment2019-06-302,896,366
Active participant vested funding target2019-06-30416,829
Number of active participants2019-06-305
Total funding liabilities for active participants2019-06-30416,829
Total participant count2019-06-3062
Total funding target for all participants2019-06-303,313,195
Balance at beginning of prior year after applicable adjustments2019-06-302,208
Prefunding balance at beginning of prior year after applicable adjustments2019-06-30410,256
Amount remaining of carryover balance2019-06-302,208
Amount remaining of prefunding balance2019-06-30410,256
Present value of excess contributions2019-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-06-300
Balance of carryovers at beginning of current year2019-06-302,467
Balance of prefunding at beginning of current year2019-06-30458,379
Total employer contributions2019-06-300
Total employee contributions2019-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-06-300
Contributions made to avoid restrictions adjusted to valuation date2019-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-06-300
Unpaid minimum required contributions for all prior years2019-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-06-300
Remaining amount of unpaid minimum required contributions2019-06-300
Minimum required contributions for current year target normal cost2019-06-3015,000
Net shortfall amortization installment of oustanding balance2019-06-300
Waiver amortization installment2019-06-300
Total funding amount beforereflecting carryover/prefunding balances2019-06-300
Additional cash requirement2019-06-300
Contributions allocatedtoward minimum required contributions for current year2019-06-300
Unpaid minimum required contributions for current year2019-06-300
Unpaid minimum required contributions for all years2019-06-300
2018: RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO 2018 401k membership
Market value of plan assets2018-06-304,542,564
Acturial value of plan assets2018-06-304,356,199
Funding target for retired participants and beneficiaries receiving payment2018-06-303,187,842
Number of terminated vested participants2018-06-300
Fundng target for terminated vested participants2018-06-300
Active participant vested funding target2018-06-30548,844
Number of active participants2018-06-306
Total funding liabilities for active participants2018-06-30548,844
Total participant count2018-06-3067
Total funding target for all participants2018-06-303,736,686
Balance at beginning of prior year after applicable adjustments2018-06-301,900
Prefunding balance at beginning of prior year after applicable adjustments2018-06-30303,181
Amount remaining of carryover balance2018-06-301,900
Amount remaining of prefunding balance2018-06-30303,181
Present value of excess contributions2018-06-3054,727
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-06-3057,929
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-06-3057,929
Balance of carryovers at beginning of current year2018-06-302,208
Balance of prefunding at beginning of current year2018-06-30410,256
Total employer contributions2018-06-300
Total employee contributions2018-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-06-300
Contributions made to avoid restrictions adjusted to valuation date2018-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-06-300
Unpaid minimum required contributions for all prior years2018-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-06-300
Remaining amount of unpaid minimum required contributions2018-06-300
Minimum required contributions for current year target normal cost2018-06-3026,000
Net shortfall amortization installment of oustanding balance2018-06-300
Waiver amortization installment2018-06-300
Total funding amount beforereflecting carryover/prefunding balances2018-06-300
Additional cash requirement2018-06-300
Contributions allocatedtoward minimum required contributions for current year2018-06-300
Unpaid minimum required contributions for current year2018-06-300
Unpaid minimum required contributions for all years2018-06-300
2017: RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO 2017 401k membership
Market value of plan assets2017-06-304,241,433
Acturial value of plan assets2017-06-304,409,420
Funding target for retired participants and beneficiaries receiving payment2017-06-303,211,420
Number of terminated vested participants2017-06-300
Fundng target for terminated vested participants2017-06-300
Active participant vested funding target2017-06-30640,198
Number of active participants2017-06-307
Total funding liabilities for active participants2017-06-30640,198
Total participant count2017-06-3070
Total funding target for all participants2017-06-303,851,618
Balance at beginning of prior year after applicable adjustments2017-06-301,868
Prefunding balance at beginning of prior year after applicable adjustments2017-06-30173,374
Amount remaining of carryover balance2017-06-301,868
Amount remaining of prefunding balance2017-06-30173,374
Present value of excess contributions2017-06-30119,574
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-06-30126,808
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-06-30126,808
Balance of carryovers at beginning of current year2017-06-301,900
Balance of prefunding at beginning of current year2017-06-30303,181
Total employer contributions2017-06-3055,000
Total employee contributions2017-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-06-300
Contributions made to avoid restrictions adjusted to valuation date2017-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-06-3054,727
Liquidity shortfalls end of Q12017-06-300
Liquidity shortfalls end of Q22017-06-300
Liquidity shortfalls end of Q32017-06-300
Liquidity shortfalls end of Q42017-06-300
Unpaid minimum required contributions for all prior years2017-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-06-300
Remaining amount of unpaid minimum required contributions2017-06-300
Minimum required contributions for current year target normal cost2017-06-3029,000
Net shortfall amortization installment of oustanding balance2017-06-300
Waiver amortization installment2017-06-300
Total funding amount beforereflecting carryover/prefunding balances2017-06-300
Additional cash requirement2017-06-300
Contributions allocatedtoward minimum required contributions for current year2017-06-3054,727
Unpaid minimum required contributions for current year2017-06-300
Unpaid minimum required contributions for all years2017-06-300
2009: RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO 2009 401k membership
Total participants, beginning-of-year2009-07-0189
Total number of active participants reported on line 7a of the Form 55002009-07-0113
Number of retired or separated participants receiving benefits2009-07-0142
Number of other retired or separated participants entitled to future benefits2009-07-018
Total of all active and inactive participants2009-07-0163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-07-0124
Total participants2009-07-0187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-07-010

Financial Data on RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO

Measure Date Value
2011 : RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO 2011 401k financial data
Transfers to/from the plan2011-06-30$0
Total plan liabilities at end of year2011-06-30$0
Total plan liabilities at beginning of year2011-06-30$0
Total income from all sources2011-06-30$844,201
Expenses. Total of all expenses incurred2011-06-30$446,273
Benefits paid (including direct rollovers)2011-06-30$379,125
Total plan assets at end of year2011-06-30$3,078,972
Total plan assets at beginning of year2011-06-30$2,681,044
Value of fidelity bond covering the plan2011-06-30$2,000,000
Expenses. Other expenses not covered elsewhere2011-06-30$31,722
Other income received2011-06-30$567,142
Net income (gross income less expenses)2011-06-30$397,928
Net plan assets at end of year (total assets less liabilities)2011-06-30$3,078,972
Net plan assets at beginning of year (total assets less liabilities)2011-06-30$2,681,044
Total contributions received or receivable from employer(s)2011-06-30$277,059
Expenses. Administrative service providers (salaries,fees and commissions)2011-06-30$35,426
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-06-30$0
2010 : RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-06-30$0

Form 5500 Responses for RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO

2009: RETIREMENT PLAN FOR HOURLY EMPLOYEES AT THE BEAVER FALLS PLANT OF STANDARD STEEL SPECIALTY CO 2009 form 5500 responses
2009-07-01Type of plan entitySingle employer plan
2009-07-01Submission has been amendedYes
2009-07-01This submission is the final filingNo
2009-07-01This return/report is a short plan year return/report (less than 12 months)No
2009-07-01Plan is a collectively bargained planYes
2009-07-01Plan funding arrangement – InsuranceYes
2009-07-01Plan funding arrangement – TrustYes
2009-07-01Plan benefit arrangement – InsuranceYes
2009-07-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

AETNA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60054 )
Policy contract numberGA-1132
Policy instance 1
Insurance contract or identification numberGA-1132
Number of Individuals Covered85
Insurance policy start date2010-07-01
Insurance policy end date2011-06-30
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?Yes
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No

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