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SIPI METALS CORP. 401(K) SAVINGS PLAN 401k Plan overview

Plan NameSIPI METALS CORP. 401(K) SAVINGS PLAN
Plan identification number 005

SIPI METALS CORP. 401(K) SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • 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.
  • 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

SIPI METALS CORP. has sponsored the creation of one or more 401k plans.

Company Name:SIPI METALS CORP.
Employer identification number (EIN):361775950
NAIC Classification:331400

Additional information about SIPI METALS CORP.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1974-11-21
Company Identification Number: 0003677606
Legal Registered Office Address: 1720 N ELSTON AVE

CHICAGO
United States of America (USA)
60642

More information about SIPI METALS CORP.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SIPI METALS CORP. 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052023-01-01ARLENE MCKITTERICK2024-05-28
0052022-01-01ARLENE MCKITTERICK2023-05-24
0052021-01-01ARLENE MCKITTERICK2022-05-24
0052020-01-01ARLENE MCKITTERICK2021-06-17
0052018-01-01ARLENE MCKITTERICK2019-07-02
0052017-01-01ARLENE MCKITTERICK2018-10-14
0052016-01-01KELLY COYLE2017-10-10
0052016-01-01ARLENE MCKITTERICK2018-10-14
0052015-01-01MICHAEL SALGAT2016-08-16
0052014-01-01MICHAEL SALGAT2015-10-08
0052013-01-01STEVEN TONKINSON2014-07-28
0052012-01-01STEVEN TONKINSON2013-07-26
0052011-01-01STEVEN TONKINSON2012-10-10
0052010-01-01STEVEN TONKINSON2011-10-12 STEVEN TONKINSON2011-10-12

Plan Statistics for SIPI METALS CORP. 401(K) SAVINGS PLAN

401k plan membership statisitcs for SIPI METALS CORP. 401(K) SAVINGS PLAN

Measure Date Value
2025: SIPI METALS CORP. 401(K) SAVINGS PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-2671
Total number of particpants at end of year2025-06-2665
Number of Participants With Account Balances2025-06-2665
2024: SIPI METALS CORP. 401(K) SAVINGS PLAN 2024 401k membership
Total number of particpants at beginning of year2024-05-2866
Total number of particpants at end of year2024-05-2869
Number of Participants With Account Balances2024-05-2869

Financial Data on SIPI METALS CORP. 401(K) SAVINGS PLAN

Measure Date Value
2025 : SIPI METALS CORP. 401(K) SAVINGS PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-06-26186
Total liabilities as of the beginning of the plan year2025-06-260
Total expenses incurred by plan in this plan year2025-06-261461442
Net assets as of the end of the plan year2025-06-2611748214
Total assets as of the beginning of the plan year2025-06-2611032969
Value of plan covered by a fidelity bond2025-06-26500000
Participant contributions to plan in this plan year2025-06-26455311
Value of participant loans at end of plan year2025-06-2656885
Other income to plan in this plan year2025-06-261495547
Plan net income in this plan year2025-06-26715059
Net assets as of the end of the plan year2025-06-2611748028
Net assets as of the beginning of the plan year2025-06-2611032969
Employer contributions to plan in this plan year2025-06-26225643
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-267266
2024 : SIPI METALS CORP. 401(K) SAVINGS PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-05-280
Total liabilities as of the beginning of the plan year2024-05-280
Total expenses incurred by plan in this plan year2024-05-28844476
Net assets as of the end of the plan year2024-05-2811032969
Total assets as of the beginning of the plan year2024-05-289548884
Value of plan covered by a fidelity bond2024-05-28500000
Participant contributions to plan in this plan year2024-05-28420715
Value of participant loans at end of plan year2024-05-2841776
Other contributions to plan in this plan year2024-05-2895674
Other income to plan in this plan year2024-05-281576135
Plan net income in this plan year2024-05-281484085
Net assets as of the end of the plan year2024-05-2811032969
Net assets as of the beginning of the plan year2024-05-289548884
Employer contributions to plan in this plan year2024-05-28236037
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-281000

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