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THE CHALLENGE MACHINE COMPANY RETIREMENT PLAN FOR BARGAINING UNIT EMPLOYEES 401k Plan overview

Plan NameTHE CHALLENGE MACHINE COMPANY RETIREMENT PLAN FOR BARGAINING UNIT EMPLOYEES
Plan identification number 001

THE CHALLENGE MACHINE COMPANY RETIREMENT PLAN FOR BARGAINING UNIT EMPLOYEES Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

THE CHALLENGE MACHINERY COMPANY has sponsored the creation of one or more 401k plans.

Company Name:THE CHALLENGE MACHINERY COMPANY
Employer identification number (EIN):380411340
NAIC Classification:333310

Additional information about THE CHALLENGE MACHINERY COMPANY

Jurisdiction of Incorporation: California Department of State
Incorporation Date:
Company Identification Number: C1140649

More information about THE CHALLENGE MACHINERY COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CHALLENGE MACHINE COMPANY RETIREMENT PLAN FOR BARGAINING UNIT EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012009-05-01LARRY SCHRADER LARRY SCHRADER2011-02-07

Plan Statistics for THE CHALLENGE MACHINE COMPANY RETIREMENT PLAN FOR BARGAINING UNIT EMPLOYEES

401k plan membership statisitcs for THE CHALLENGE MACHINE COMPANY RETIREMENT PLAN FOR BARGAINING UNIT EMPLOYEES

Measure Date Value
2009: THE CHALLENGE MACHINE COMPANY RETIREMENT PLAN FOR BARGAINING UNIT EMPLOYEES 2009 401k membership
Total participants, beginning-of-year2009-05-01170
Total number of active participants reported on line 7a of the Form 55002009-05-0111
Number of retired or separated participants receiving benefits2009-05-0165
Number of other retired or separated participants entitled to future benefits2009-05-0176
Total of all active and inactive participants2009-05-01152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-05-0113
Total participants2009-05-01165

Financial Data on THE CHALLENGE MACHINE COMPANY RETIREMENT PLAN FOR BARGAINING UNIT EMPLOYEES

Measure Date Value
2010 : THE CHALLENGE MACHINE COMPANY RETIREMENT PLAN FOR BARGAINING UNIT EMPLOYEES 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$44,330
Total unrealized appreciation/depreciation of assets2010-12-31$44,330
Total transfer of assets from this plan2010-12-31$5,135,322
Total income from all sources (including contributions)2010-12-31$318,729
Total loss/gain on sale of assets2010-12-31$-6,137
Total of all expenses incurred2010-12-31$247,964
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$231,548
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$107,644
Value of total assets at end of year2010-12-31$0
Value of total assets at beginning of year2010-12-31$5,064,557
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$16,416
Total interest from all sources2010-12-31$99,117
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$18,143
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$8,449
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$725
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$70,765
Value of net assets at end of year (total assets less liabilities)2010-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$5,064,557
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 beginning of year2010-12-31$669,324
Interest earned on other investments2010-12-31$99,007
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$89,836
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$89,836
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$110
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$3,480,117
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$55,632
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
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$107,644
Employer contributions (assets) at beginning of year2010-12-31$49,045
Income. Dividends from common stock2010-12-31$9,694
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$231,548
Contract administrator fees2010-12-31$16,416
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$775,510
Did the plan have assets held for investment2010-12-31No
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 PBGC2010-12-31Yes
Aggregate proceeds on sale of assets2010-12-31$383,084
Aggregate carrying amount (costs) on sale of assets2010-12-31$389,221
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 name2010-12-31CONN GENEVA & ROBINSON
Accountancy firm EIN2010-12-31383012028

Form 5500 Responses for THE CHALLENGE MACHINE COMPANY RETIREMENT PLAN FOR BARGAINING UNIT EMPLOYEES

2009: THE CHALLENGE MACHINE COMPANY RETIREMENT PLAN FOR BARGAINING UNIT EMPLOYEES 2009 form 5500 responses
2009-05-01Type of plan entitySingle employer plan
2009-05-01Plan is a collectively bargained planYes
2009-05-01Plan funding arrangement – InsuranceYes
2009-05-01Plan funding arrangement – TrustYes
2009-05-01Plan benefit arrangement – InsuranceYes
2009-05-01Plan benefit arrangement - TrustYes

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