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VALSPAR 401(K) PLAN FOR HOURLY EMPLOYEES 401k Plan overview

Plan NameVALSPAR 401(K) PLAN FOR HOURLY EMPLOYEES
Plan identification number 007

VALSPAR 401(K) PLAN FOR HOURLY EMPLOYEES 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.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • 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.

401k Sponsoring company profile

THE SHERWIN-WILLIAMS COMPANY has sponsored the creation of one or more 401k plans.

Company Name:THE SHERWIN-WILLIAMS COMPANY
Employer identification number (EIN):340526850
NAIC Classification:325500

Additional information about THE SHERWIN-WILLIAMS COMPANY

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 1884-07-16
Company Identification Number: 8027
Legal Registered Office Address: 50 W. BROAD ST., STE 1800
-
COLUMBUS
United States of America (USA)
43215

More information about THE SHERWIN-WILLIAMS COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VALSPAR 401(K) PLAN FOR HOURLY EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0072018-01-01THOMAS GILLIGAN LAWRENCE BORON2019-05-13
0072017-01-01THOMAS GILLIGAN LAWRENCE BORON2018-10-15

Plan Statistics for VALSPAR 401(K) PLAN FOR HOURLY EMPLOYEES

401k plan membership statisitcs for VALSPAR 401(K) PLAN FOR HOURLY EMPLOYEES

Measure Date Value
2018: VALSPAR 401(K) PLAN FOR HOURLY EMPLOYEES 2018 401k membership
Total participants, beginning-of-year2018-01-011,849
Total number of active participants reported on line 7a of the Form 55002018-01-010
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-010
Number of participants with account balances2018-01-010
2017: VALSPAR 401(K) PLAN FOR HOURLY EMPLOYEES 2017 401k membership
Total participants, beginning-of-year2017-01-01960
Total number of active participants reported on line 7a of the Form 55002017-01-011,645
Number of retired or separated participants receiving benefits2017-01-012
Number of other retired or separated participants entitled to future benefits2017-01-01200
Total of all active and inactive participants2017-01-011,847
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-012
Total participants2017-01-011,849
Number of participants with account balances2017-01-01740

Financial Data on VALSPAR 401(K) PLAN FOR HOURLY EMPLOYEES

Measure Date Value
2018 : VALSPAR 401(K) PLAN FOR HOURLY EMPLOYEES 2018 401k financial data
Total transfer of assets from this plan2018-07-02$57,345,383
Total income from all sources (including contributions)2018-07-02$1,430,480
Total of all expenses incurred2018-07-02$5,493,599
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-07-02$5,479,313
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-07-02$1,232,936
Value of total assets at end of year2018-07-02$0
Value of total assets at beginning of year2018-07-02$61,408,502
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-07-02$14,286
Total interest from all sources2018-07-02$32,287
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-07-02No
Was this plan covered by a fidelity bond2018-07-02Yes
Value of fidelity bond cover2018-07-02$20,000,000
If this is an individual account plan, was there a blackout period2018-07-02No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-07-02$0
Were there any nonexempt tranactions with any party-in-interest2018-07-02No
Contributions received from participants2018-07-02$813,598
Participant contributions at end of year2018-07-02$0
Participant contributions at beginning of year2018-07-02$1,301,654
Administrative expenses (other) incurred2018-07-02$14,286
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-07-02No
Value of net income/loss2018-07-02$-4,063,119
Value of net assets at end of year (total assets less liabilities)2018-07-02$0
Value of net assets at beginning of year (total assets less liabilities)2018-07-02$61,408,502
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-07-02No
Were any loans by the plan or fixed income obligations due to the plan in default2018-07-02No
Were any leases to which the plan was party in default or uncollectible2018-07-02No
Interest on participant loans2018-07-02$32,287
Value of interest in master investment trust accounts at end of year2018-07-02$0
Value of interest in master investment trust accounts at beginning of year2018-07-02$60,069,564
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-07-02No
Was there a failure to transmit to the plan any participant contributions2018-07-02No
Has the plan failed to provide any benefit when due under the plan2018-07-02No
Contributions received in cash from employer2018-07-02$419,338
Employer contributions (assets) at end of year2018-07-02$0
Employer contributions (assets) at beginning of year2018-07-02$37,284
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-07-02$5,479,313
Did the plan have assets held for investment2018-07-02No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-07-02No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-07-02Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-07-02No
Opinion of an independent qualified public accountant for this plan2018-07-02Unqualified
Accountancy firm name2018-07-02CLIFTONLARSONALLEN LLP
Accountancy firm EIN2018-07-02410746749
2017 : VALSPAR 401(K) PLAN FOR HOURLY EMPLOYEES 2017 401k financial data
Total transfer of assets from this plan2017-12-31$483,138
Total income from all sources (including contributions)2017-12-31$13,028,274
Total of all expenses incurred2017-12-31$22,700,012
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$22,668,421
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$2,462,626
Value of total assets at end of year2017-12-31$61,408,502
Value of total assets at beginning of year2017-12-31$71,563,378
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$31,591
Total interest from all sources2017-12-31$69,077
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$20,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$1,602,934
Participant contributions at end of year2017-12-31$1,301,654
Participant contributions at beginning of year2017-12-31$1,696,358
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$60,161
Administrative expenses (other) incurred2017-12-31$31,591
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$-9,671,738
Value of net assets at end of year (total assets less liabilities)2017-12-31$61,408,502
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$71,563,378
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Interest on participant loans2017-12-31$69,077
Value of interest in master investment trust accounts at end of year2017-12-31$60,069,564
Value of interest in master investment trust accounts at beginning of year2017-12-31$69,844,911
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$799,531
Employer contributions (assets) at end of year2017-12-31$37,284
Employer contributions (assets) at beginning of year2017-12-31$22,109
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$22,668,421
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2017-12-31410746749

Form 5500 Responses for VALSPAR 401(K) PLAN FOR HOURLY EMPLOYEES

2018: VALSPAR 401(K) PLAN FOR HOURLY EMPLOYEES 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingYes
2018-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: VALSPAR 401(K) PLAN FOR HOURLY EMPLOYEES 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

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