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WEGENER STEEL AND FABRICATING INC. 401(K) PLAN 401k Plan overview

Plan NameWEGENER STEEL AND FABRICATING INC. 401(K) PLAN
Plan identification number 001

WEGENER STEEL AND FABRICATING INC. 401(K) 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.

401k Sponsoring company profile

WEGENER STEEL AND FABRICATING, INC. has sponsored the creation of one or more 401k plans.

Company Name:WEGENER STEEL AND FABRICATING, INC.
Employer identification number (EIN):351379994
NAIC Classification:331200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WEGENER STEEL AND FABRICATING INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01RITA TOMLIN2023-07-18
0012022-01-01RITA TOMLIN2023-05-19
0012021-01-01RITA TOMLIN2022-04-07
0012020-01-01RITA TOMLIN2021-04-16
0012019-01-01RITA TOMLIN2020-06-16
0012018-01-01RITA TOMLIN2019-05-07
0012017-01-01RITA TOMLIN2018-05-14
0012016-01-01RITA TOMLIN2017-07-31
0012015-01-01
0012014-01-01RITA TOMLIN2015-04-08
0012013-01-01RITA TOMLIN2014-07-09
0012012-01-01RITA TOMLIN2013-05-31
0012011-01-01RITA TOMLIN
0012009-01-01RITA THOMAS

Plan Statistics for WEGENER STEEL AND FABRICATING INC. 401(K) PLAN

401k plan membership statisitcs for WEGENER STEEL AND FABRICATING INC. 401(K) PLAN

Measure Date Value
2011: WEGENER STEEL AND FABRICATING INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0120
Total number of active participants reported on line 7a of the Form 55002011-01-0116
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-013
Total of all active and inactive participants2011-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0119
Number of participants with account balances2011-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: WEGENER STEEL AND FABRICATING INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0121
Total number of active participants reported on line 7a of the Form 55002009-01-0116
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-015
Total of all active and inactive participants2009-01-0121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0121
Number of participants with account balances2009-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on WEGENER STEEL AND FABRICATING INC. 401(K) PLAN

Measure Date Value
2011 : WEGENER STEEL AND FABRICATING INC. 401(K) PLAN 2011 401k financial data
Total income from all sources2011-12-31$4,625
Expenses. Total of all expenses incurred2011-12-31$4,911
Benefits paid (including direct rollovers)2011-12-31$3,611
Total plan assets at end of year2011-12-31$70,705
Total plan assets at beginning of year2011-12-31$70,991
Total contributions received or receivable from participants2011-12-31$7,043
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-2,418
Net income (gross income less expenses)2011-12-31$-286
Net plan assets at end of year (total assets less liabilities)2011-12-31$70,705
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$70,991
Assets. Value of participant loans2011-12-31$3,544
Total contributions received or receivable from employer(s)2011-12-31$0
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$1,300
2010 : WEGENER STEEL AND FABRICATING INC. 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$13,216
Expenses. Total of all expenses incurred2010-12-31$344
Benefits paid (including direct rollovers)2010-12-31$294
Total plan assets at end of year2010-12-31$70,991
Total plan assets at beginning of year2010-12-31$58,119
Total contributions received or receivable from participants2010-12-31$6,022
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$7,194
Net income (gross income less expenses)2010-12-31$12,872
Net plan assets at end of year (total assets less liabilities)2010-12-31$70,991
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$58,119
Assets. Value of participant loans2010-12-31$4,500
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$50

Form 5500 Responses for WEGENER STEEL AND FABRICATING INC. 401(K) PLAN

2011: WEGENER STEEL AND FABRICATING INC. 401(K) 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 planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan benefit arrangement – InsuranceYes
2009: WEGENER STEEL AND FABRICATING INC. 401(K) 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 benefit arrangement – InsuranceYes

Insurance Providers Used on plan

METLIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 87726 )
Policy contract number940387
Policy instance 1
Insurance contract or identification number940387
Number of Individuals Covered8
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $311
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?No
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
METLIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 87726 )
Policy contract number940387
Policy instance 1
Insurance contract or identification number940387
Number of Individuals Covered9
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $278
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?No
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $278
Insurance broker organization code?4
Insurance broker nameMORGAN STANLEY SMITH BARNEY LLC

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