SKILDRIL INDUSTRIES EMPLOYEES' PENSION PLAN 401k Plan overview

SKILDRIL INDUSTRIES EMPLOYEES' PENSION PLAN Benefits

401k Sponsoring company profile

Company Name:	SKIDRIL INDUSTRIES, LLC
Employer identification number (EIN):	263711026
NAIC Classification:	811310
NAIC Description:	Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

Additional information about SKIDRIL INDUSTRIES, LLC

Jurisdiction of Incorporation:	North Carolina Secretary of State
Incorporation Date:
Company Identification Number:	1069871

More information about SKIDRIL INDUSTRIES, LLC

Form 5500 Filing Information

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01

Plan Statistics for SKILDRIL INDUSTRIES EMPLOYEES' PENSION PLAN

Measure	Date	Value
2022: SKILDRIL INDUSTRIES EMPLOYEES' PENSION PLAN 2022 401k membership
Market value of plan assets	2022-12-31	724,017
Acturial value of plan assets	2022-12-31	724,017
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	3
Fundng target for terminated vested participants	2022-12-31	8,540
Active participant vested funding target	2022-12-31	490,710
Number of active participants	2022-12-31	4
Total funding liabilities for active participants	2022-12-31	490,710
Total participant count	2022-12-31	7
Total funding target for all participants	2022-12-31	499,250
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	273,084
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	288,622
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	45,898
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	0
Additional cash requirement	2022-12-31	0
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: SKILDRIL INDUSTRIES EMPLOYEES' PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	419,840
Acturial value of plan assets	2021-12-31	419,840
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	2
Fundng target for terminated vested participants	2021-12-31	4,944
Active participant vested funding target	2021-12-31	378,327
Number of active participants	2021-12-31	4
Total funding liabilities for active participants	2021-12-31	384,819
Total participant count	2021-12-31	6
Total funding target for all participants	2021-12-31	389,763
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	11,198
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	11,818
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	300,000
Total employee contributions	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	273,084
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	17,945
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	273,084
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: SKILDRIL INDUSTRIES EMPLOYEES' PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	362,122
Acturial value of plan assets	2020-12-31	362,122
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	1
Fundng target for terminated vested participants	2020-12-31	3,249
Active participant vested funding target	2020-12-31	345,287
Number of active participants	2020-12-31	5
Total funding liabilities for active participants	2020-12-31	345,287
Total participant count	2020-12-31	6
Total funding target for all participants	2020-12-31	348,536
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	1,814
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	1,917
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	50,000
Total employee contributions	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	44,351
Liquidity shortfalls end of Q1	2020-12-31	0
Liquidity shortfalls end of Q2	2020-12-31	0
Liquidity shortfalls end of Q3	2020-12-31	0
Liquidity shortfalls end of Q4	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	46,739
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	33,153
Additional cash requirement	2020-12-31	33,153
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	44,351
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: SKILDRIL INDUSTRIES EMPLOYEES' PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-31	256,090
Acturial value of plan assets	2019-12-31	256,090
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	0
Fundng target for terminated vested participants	2019-12-31	0
Active participant vested funding target	2019-12-31	282,305
Number of active participants	2019-12-31	6
Total funding liabilities for active participants	2019-12-31	282,305
Total participant count	2019-12-31	6
Total funding target for all participants	2019-12-31	282,305
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	525
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	556
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	93,000
Total employee contributions	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	86,089
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	80,015
Net shortfall amortization installment of oustanding balance	2019-12-31	26,215
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	84,275
Additional cash requirement	2019-12-31	84,275
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	86,089
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: SKILDRIL INDUSTRIES EMPLOYEES' PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	242,603
Acturial value of plan assets	2018-12-31	242,603
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	0
Fundng target for terminated vested participants	2018-12-31	0
Active participant vested funding target	2018-12-31	194,049
Number of active participants	2018-12-31	5
Total funding liabilities for active participants	2018-12-31	194,049
Total participant count	2018-12-31	5
Total funding target for all participants	2018-12-31	194,049
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	87,956
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	93,295
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	15,000
Total employee contributions	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	13,856
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	61,885
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	13,331
Additional cash requirement	2018-12-31	13,331
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	13,856
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: SKILDRIL INDUSTRIES EMPLOYEES' PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	122,027
Acturial value of plan assets	2017-12-31	122,027
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	0
Fundng target for terminated vested participants	2017-12-31	0
Active participant vested funding target	2017-12-31	133,333
Number of active participants	2017-12-31	4
Total funding liabilities for active participants	2017-12-31	133,333
Total participant count	2017-12-31	4
Total funding target for all participants	2017-12-31	133,333
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	88,664
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	88,664
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	120,000
Total employee contributions	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	113,015
Unpaid minimum required contributions for all prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	21,180
Net shortfall amortization installment of oustanding balance	2017-12-31	11,306
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	25,059
Additional cash requirement	2017-12-31	25,059
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	113,015
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: SKILDRIL INDUSTRIES EMPLOYEES' PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	0
Acturial value of plan assets	2016-12-31	0
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	0
Fundng target for terminated vested participants	2016-12-31	0
Active participant vested funding target	2016-12-31	0
Number of active participants	2016-12-31	4
Total funding liabilities for active participants	2016-12-31	104,098
Total participant count	2016-12-31	4
Total funding target for all participants	2016-12-31	104,098
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	125,000
Total employee contributions	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	114,817
Unpaid minimum required contributions for all prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	8,954
Net shortfall amortization installment of oustanding balance	2016-12-31	104,098
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	26,153
Additional cash requirement	2016-12-31	26,153
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	114,817
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping