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CLOSURE SYSTEMS INTERNATIONAL EMPLOYEE SAVINGS PLAN 401k Plan overview

Plan NameCLOSURE SYSTEMS INTERNATIONAL EMPLOYEE SAVINGS PLAN
Plan identification number 007

CLOSURE SYSTEMS INTERNATIONAL EMPLOYEE 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

REYNOLDS PACKAGING GROUP has sponsored the creation of one or more 401k plans.

Company Name:REYNOLDS PACKAGING GROUP
Employer identification number (EIN):251564055
NAIC Classification:326100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CLOSURE SYSTEMS INTERNATIONAL EMPLOYEE SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0072011-01-01TERESE REILLY TERESE REILLY2012-10-15
0072009-01-01MARGARET BOWEN MARGARET BOWEN2010-10-06

Plan Statistics for CLOSURE SYSTEMS INTERNATIONAL EMPLOYEE SAVINGS PLAN

401k plan membership statisitcs for CLOSURE SYSTEMS INTERNATIONAL EMPLOYEE SAVINGS PLAN

Measure Date Value
2011: CLOSURE SYSTEMS INTERNATIONAL EMPLOYEE SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01935
Total number of active participants reported on line 7a of the Form 55002011-01-01850
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0144
Total of all active and inactive participants2011-01-01894
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-011
Total participants2011-01-01895
Number of participants with account balances2011-01-01885
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: CLOSURE SYSTEMS INTERNATIONAL EMPLOYEE SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01730
Total number of active participants reported on line 7a of the Form 55002009-01-01693
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01102
Total of all active and inactive participants2009-01-01795
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01795
Number of participants with account balances2009-01-01701
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0112

Financial Data on CLOSURE SYSTEMS INTERNATIONAL EMPLOYEE SAVINGS PLAN

Measure Date Value
2011 : CLOSURE SYSTEMS INTERNATIONAL EMPLOYEE SAVINGS PLAN 2011 401k financial data
Unrealized appreciation/depreciation of real estate assets2011-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-366,812
Total unrealized appreciation/depreciation of assets2011-12-31$-366,812
Total transfer of assets to this plan2011-12-31$1,682,943
Total transfer of assets from this plan2011-12-31$278,918
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Expenses. Interest paid2011-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022011-12-31$0
Total income from all sources (including contributions)2011-12-31$7,277,258
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$4,536,792
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$4,455,706
Expenses. Certain deemed distributions of participant loans2011-12-31$-2,187
Value of total corrective distributions2011-12-31$13,981
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$7,543,631
Value of total assets at end of year2011-12-31$63,641,364
Value of total assets at beginning of year2011-12-31$59,496,873
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$69,292
Total income from rents2011-12-31$0
Total interest from all sources2011-12-31$89,962
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$871,043
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$856,816
Administrative expenses professional fees incurred2011-12-31$9,750
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Amount of non-exempt transactions with any party-in-interest2011-12-31$0
Contributions received from participants2011-12-31$3,213,500
Participant contributions at end of year2011-12-31$2,215,220
Participant contributions at beginning of year2011-12-31$1,966,821
Participant contributions at end of year2011-12-31$163,649
Participant contributions at beginning of year2011-12-31$175,319
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$288,732
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$0
Other income not declared elsewhere2011-12-31$471
Administrative expenses (other) incurred2011-12-31$4
Liabilities. Value of operating payables at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Income. Non cash contributions2011-12-31$0
Value of net income/loss2011-12-31$2,740,466
Value of net assets at end of year (total assets less liabilities)2011-12-31$63,641,364
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$59,496,873
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2011-12-31$0
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2011-12-31$0
Investment advisory and management fees2011-12-31$1,481
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$14,926,356
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$39,966,756
Value of interest in pooled separate accounts at end of year2011-12-31$11,344,791
Value of interest in pooled separate accounts at beginning of year2011-12-31$14,023,305
Interest on participant loans2011-12-31$89,962
Income. Interest from loans (other than to participants)2011-12-31$0
Interest earned on other investments2011-12-31$0
Income. Interest from US Government securities2011-12-31$0
Income. Interest from corporate debt instruments2011-12-31$0
Value of interest in common/collective trusts at end of year2011-12-31$33,203,679
Value of interest in common/collective trusts at beginning of year2011-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$188
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-1,346,450
Net investment gain/loss from pooled separate accounts2011-12-31$-394,101
Net investment gain or loss from common/collective trusts2011-12-31$879,514
Net gain/loss from 103.12 investment entities2011-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31Yes
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$4,041,399
Employer contributions (assets) at end of year2011-12-31$1,787,473
Employer contributions (assets) at beginning of year2011-12-31$1,950,484
Income. Dividends from preferred stock2011-12-31$0
Income. Dividends from common stock2011-12-31$14,227
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$4,455,706
Contract administrator fees2011-12-31$58,057
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31Yes
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$8
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$1,414,188
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$0
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$0
Aggregate carrying amount (costs) on sale of assets2011-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2011-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31CROWE HORWATH LLP
Accountancy firm EIN2011-12-31350921680
2010 : CLOSURE SYSTEMS INTERNATIONAL EMPLOYEE SAVINGS PLAN 2010 401k financial data
Unrealized appreciation/depreciation of real estate assets2010-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$145,978
Total unrealized appreciation/depreciation of assets2010-12-31$145,978
Total transfer of assets to this plan2010-12-31$242,459
Total transfer of assets from this plan2010-12-31$171,701
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Expenses. Interest paid2010-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022010-12-31$0
Total income from all sources (including contributions)2010-12-31$13,927,071
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$2,577,795
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$2,487,368
Expenses. Certain deemed distributions of participant loans2010-12-31$-1,856
Value of total corrective distributions2010-12-31$27,438
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$8,310,862
Value of total assets at end of year2010-12-31$59,496,873
Value of total assets at beginning of year2010-12-31$48,076,839
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$64,845
Total income from rents2010-12-31$0
Total interest from all sources2010-12-31$94,712
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$555,051
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$544,771
Administrative expenses professional fees incurred2010-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2010-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2010-12-31$0
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
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
Amount of non-exempt transactions with any party-in-interest2010-12-31$0
Contributions received from participants2010-12-31$2,949,730
Participant contributions at end of year2010-12-31$1,966,821
Participant contributions at beginning of year2010-12-31$1,599,189
Participant contributions at end of year2010-12-31$175,319
Participant contributions at beginning of year2010-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$1,375,158
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2010-12-31$74
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$0
Other income not declared elsewhere2010-12-31$23,803
Administrative expenses (other) incurred2010-12-31$106
Liabilities. Value of operating payables at beginning of year2010-12-31$0
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
Income. Non cash contributions2010-12-31$0
Value of net income/loss2010-12-31$11,349,276
Value of net assets at end of year (total assets less liabilities)2010-12-31$59,496,873
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$48,076,839
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
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2010-12-31$0
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2010-12-31$0
Investment advisory and management fees2010-12-31$3,052
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$39,966,756
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$13,004,607
Value of interest in pooled separate accounts at end of year2010-12-31$14,023,305
Value of interest in pooled separate accounts at beginning of year2010-12-31$22,774,043
Interest on participant loans2010-12-31$94,712
Income. Interest from loans (other than to participants)2010-12-31$0
Interest earned on other investments2010-12-31$0
Income. Interest from US Government securities2010-12-31$0
Income. Interest from corporate debt instruments2010-12-31$0
Value of interest in common/collective trusts at end of year2010-12-31$0
Value of interest in common/collective trusts at beginning of year2010-12-31$7,977,993
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$64
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$64
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$2,204,127
Net investment gain/loss from pooled separate accounts2010-12-31$2,505,858
Net investment gain or loss from common/collective trusts2010-12-31$86,680
Net gain/loss from 103.12 investment entities2010-12-31$0
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$3,985,974
Employer contributions (assets) at end of year2010-12-31$1,950,484
Employer contributions (assets) at beginning of year2010-12-31$1,582,167
Income. Dividends from preferred stock2010-12-31$0
Income. Dividends from common stock2010-12-31$10,280
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$2,487,294
Contract administrator fees2010-12-31$61,687
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$1,414,188
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$1,138,776
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$0
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party 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
Aggregate proceeds on sale of assets2010-12-31$0
Aggregate carrying amount (costs) on sale of assets2010-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2010-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31CROWE HORWATH LLP
Accountancy firm EIN2010-12-31350921680
2009 : CLOSURE SYSTEMS INTERNATIONAL EMPLOYEE SAVINGS 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 CLOSURE SYSTEMS INTERNATIONAL EMPLOYEE SAVINGS PLAN

2011: CLOSURE SYSTEMS INTERNATIONAL EMPLOYEE SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: CLOSURE SYSTEMS INTERNATIONAL EMPLOYEE SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
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 planNo
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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