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ALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN 401k Plan overview

Plan NameALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN
Plan identification number 001

ALTRA INDUSTRIAL MOTION, INC. 401(K) 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ALTRA INDUSTRIAL MOTION, INC. has sponsored the creation of one or more 401k plans.

Company Name:ALTRA INDUSTRIAL MOTION, INC.
Employer identification number (EIN):300283143
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01JENNIFER IRELAND JENNIFER IRELAND2013-10-10
0012011-01-01JENNIFER IRELAND
0012009-01-01JENNIFER IRELAND

Plan Statistics for ALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN

401k plan membership statisitcs for ALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN

Measure Date Value
2012: ALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-011,147
Total number of active participants reported on line 7a of the Form 55002012-01-01980
Number of retired or separated participants receiving benefits2012-01-014
Number of other retired or separated participants entitled to future benefits2012-01-01152
Total of all active and inactive participants2012-01-011,136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-018
Total participants2012-01-011,144
Number of participants with account balances2012-01-011,114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-013
2011: ALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011,156
Total number of active participants reported on line 7a of the Form 55002011-01-01953
Number of retired or separated participants receiving benefits2011-01-015
Number of other retired or separated participants entitled to future benefits2011-01-01177
Total of all active and inactive participants2011-01-011,135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-0112
Total participants2011-01-011,147
Number of participants with account balances2011-01-011,116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0114
2009: ALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-011,177
Total number of active participants reported on line 7a of the Form 55002009-01-011,229
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01532
Total of all active and inactive participants2009-01-011,761
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-014
Total participants2009-01-011,765
Number of participants with account balances2009-01-011,688
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0110

Financial Data on ALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN

Measure Date Value
2012 : ALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN 2012 401k financial data
Total transfer of assets to this plan2012-12-31$2,732
Total transfer of assets from this plan2012-12-31$149,951
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$126,517
Total income from all sources (including contributions)2012-12-31$14,624,879
Total of all expenses incurred2012-12-31$3,352,739
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$3,337,963
Expenses. Certain deemed distributions of participant loans2012-12-31$-2,534
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$7,006,639
Value of total assets at end of year2012-12-31$70,381,509
Value of total assets at beginning of year2012-12-31$59,383,105
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$17,310
Total interest from all sources2012-12-31$659,744
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$1,621,834
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$1,621,834
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$5,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
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
Contributions received from participants2012-12-31$3,578,400
Participant contributions at end of year2012-12-31$2,314,474
Participant contributions at beginning of year2012-12-31$2,277,587
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$643,370
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$126,517
Administrative expenses (other) incurred2012-12-31$17,310
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$11,272,140
Value of net assets at end of year (total assets less liabilities)2012-12-31$70,381,509
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$59,256,588
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 registered invesment companies (eg mutual funds) at end of year2012-12-31$50,209,107
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$41,327,338
Interest on participant loans2012-12-31$100,629
Interest earned on other investments2012-12-31$559,115
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$17,857,928
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$15,778,180
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$5,336,662
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$2,784,869
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$3,337,963
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
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 name2012-12-31FEELEY & DRISCOLL, P.C.
Accountancy firm EIN2012-12-31042684828
2011 : ALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN 2011 401k financial data
Total transfer of assets to this plan2011-12-31$23,800
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$126,517
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$531
Total income from all sources (including contributions)2011-12-31$6,112,301
Total of all expenses incurred2011-12-31$3,464,672
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$3,414,916
Expenses. Certain deemed distributions of participant loans2011-12-31$35,927
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$6,768,893
Value of total assets at end of year2011-12-31$59,383,105
Value of total assets at beginning of year2011-12-31$56,585,690
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$13,829
Total interest from all sources2011-12-31$606,592
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$1,172,225
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$1,172,225
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$5,000,000
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
Contributions received from participants2011-12-31$3,418,972
Participant contributions at end of year2011-12-31$2,277,587
Participant contributions at beginning of year2011-12-31$2,102,845
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$641,761
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$3,552
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$126,517
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$0
Administrative expenses (other) incurred2011-12-31$13,829
Liabilities. Value of operating payables at end of year2011-12-31$0
Liabilities. Value of operating payables at beginning of year2011-12-31$531
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
Value of net income/loss2011-12-31$2,647,629
Value of net assets at end of year (total assets less liabilities)2011-12-31$59,256,588
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$56,585,159
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
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$41,327,338
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$40,633,670
Interest on participant loans2011-12-31$102,964
Interest earned on other investments2011-12-31$503,628
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$15,778,180
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$13,845,623
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-2,435,409
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 contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$2,708,160
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$3,414,916
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
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
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 name2011-12-31FEELEY & DRISCOLL, P.C.
Accountancy firm EIN2011-12-31042684828
2010 : ALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN 2010 401k financial data
Total transfer of assets to this plan2010-12-31$4,734,201
Total transfer of assets from this plan2010-12-31$26,110,774
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$531
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$14,368,509
Total of all expenses incurred2010-12-31$4,764,957
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$4,637,787
Expenses. Certain deemed distributions of participant loans2010-12-31$7,664
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$5,891,184
Value of total assets at end of year2010-12-31$56,585,690
Value of total assets at beginning of year2010-12-31$68,358,180
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$119,506
Total interest from all sources2010-12-31$244,082
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$598,514
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$598,514
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$5,000,000
If this is an individual account plan, was there a blackout period2010-12-31Yes
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
Contributions received from participants2010-12-31$3,592,898
Participant contributions at end of year2010-12-31$2,102,845
Participant contributions at beginning of year2010-12-31$3,317,861
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$29,980
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$33,033
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$3,552
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$0
Administrative expenses (other) incurred2010-12-31$119,506
Liabilities. Value of operating payables at end of year2010-12-31$531
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
Value of net income/loss2010-12-31$9,603,552
Value of net assets at end of year (total assets less liabilities)2010-12-31$56,585,159
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$68,358,180
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
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$40,633,670
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$0
Value of interest in pooled separate accounts at end of year2010-12-31$0
Value of interest in pooled separate accounts at beginning of year2010-12-31$43,662,600
Interest on participant loans2010-12-31$163,134
Interest earned on other investments2010-12-31$80,948
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$13,845,623
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$21,347,739
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$14,745,807
Net investment gain/loss from pooled separate accounts2010-12-31$-7,111,078
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$2,265,253
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$4,637,787
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31Yes
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
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 name2010-12-31FEELEY & DRISCOLL, P.C.
Accountancy firm EIN2010-12-31042684828
2009 : ALTRA INDUSTRIAL MOTION, INC. 401(K) 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 ALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN

2012: ALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
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 – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: ALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
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 planYes
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: ALTRA INDUSTRIAL MOTION, INC. 401(K) SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
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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