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UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN 401k Plan overview

Plan NameUNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN
Plan identification number 001

UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT 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

UNITED GALVANIZING, INC. has sponsored the creation of one or more 401k plans.

Company Name:UNITED GALVANIZING, INC.
Employer identification number (EIN):741675780
NAIC Classification:332810

Additional information about UNITED GALVANIZING, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1970-01-13
Company Identification Number: 0027060700
Legal Registered Office Address: 6123 CUNNINGHAM RD

HOUSTON
United States of America (USA)
77041

More information about UNITED GALVANIZING, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01
0012018-01-01
0012018-01-01
0012017-01-01JULIE KAHLA

Plan Statistics for UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN

401k plan membership statisitcs for UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN

Measure Date Value
2019: UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01130
Total number of active participants reported on line 7a of the Form 55002019-01-010
Total of all active and inactive participants2019-01-010
Total participants2019-01-010
Number of participants with account balances2019-01-010
2018: UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01154
Total number of active participants reported on line 7a of the Form 55002018-01-01118
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0112
Total of all active and inactive participants2018-01-01130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01130
Number of participants with account balances2018-01-0157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-012
2017: UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01156
Total number of active participants reported on line 7a of the Form 55002017-01-01130
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0113
Total of all active and inactive participants2017-01-01143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01143
Number of participants with account balances2017-01-0165
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-011

Financial Data on UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN

Measure Date Value
2019 : UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-06-13$451,416
Total of all expenses incurred2019-06-13$4,818,567
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-06-13$4,798,606
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-06-13$31,021
Value of total assets at end of year2019-06-13$0
Value of total assets at beginning of year2019-06-13$4,367,151
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-06-13$19,961
Total interest from all sources2019-06-13$10,917
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-06-13Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2019-06-13$0
Was this plan covered by a fidelity bond2019-06-13Yes
Value of fidelity bond cover2019-06-13$750,000
If this is an individual account plan, was there a blackout period2019-06-13No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-06-13$0
Were there any nonexempt tranactions with any party-in-interest2019-06-13No
Contributions received from participants2019-06-13$28,025
Participant contributions at end of year2019-06-13$0
Participant contributions at beginning of year2019-06-13$388,712
Total non interest bearing cash at end of year2019-06-13$0
Total non interest bearing cash at beginning of year2019-06-13$19,790
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-06-13No
Value of net income/loss2019-06-13$-4,367,151
Value of net assets at end of year (total assets less liabilities)2019-06-13$0
Value of net assets at beginning of year (total assets less liabilities)2019-06-13$4,367,151
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-06-13No
Were any loans by the plan or fixed income obligations due to the plan in default2019-06-13No
Were any leases to which the plan was party in default or uncollectible2019-06-13No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-06-13$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-06-13$3,958,649
Interest on participant loans2019-06-13$10,917
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-06-13$409,478
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-06-13No
Was there a failure to transmit to the plan any participant contributions2019-06-13Yes
Has the plan failed to provide any benefit when due under the plan2019-06-13No
Contributions received in cash from employer2019-06-13$2,996
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-06-13$4,798,606
Contract administrator fees2019-06-13$19,961
Did the plan have assets held for investment2019-06-13No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-06-13No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-06-13Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-06-13Yes
Opinion of an independent qualified public accountant for this plan2019-06-13Disclaimer
Accountancy firm name2019-06-13BRIGGS & VESELKA CO
Accountancy firm EIN2019-06-13741769118
2018 : UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$67,339
Total of all expenses incurred2018-12-31$805,625
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$763,685
Expenses. Certain deemed distributions of participant loans2018-12-31$0
Value of total corrective distributions2018-12-31$940
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$246,627
Value of total assets at end of year2018-12-31$4,367,151
Value of total assets at beginning of year2018-12-31$5,105,437
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$41,000
Total interest from all sources2018-12-31$18,569
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$0
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$750,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$181,183
Participant contributions at end of year2018-12-31$388,712
Participant contributions at beginning of year2018-12-31$352,627
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$5,419
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$0
Total non interest bearing cash at end of year2018-12-31$19,790
Total non interest bearing cash at beginning of year2018-12-31$8,990
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-738,286
Value of net assets at end of year (total assets less liabilities)2018-12-31$4,367,151
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$5,105,437
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$3,958,649
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$4,743,820
Interest on participant loans2018-12-31$18,569
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-197,857
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$60,025
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$763,685
Contract administrator fees2018-12-31$41,000
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BRIGGS & VESELKA CO
Accountancy firm EIN2018-12-31741769118
2017 : UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$1,039,761
Total of all expenses incurred2017-12-31$1,097,355
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,061,468
Expenses. Certain deemed distributions of participant loans2017-12-31$0
Value of total corrective distributions2017-12-31$7,092
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$354,966
Value of total assets at end of year2017-12-31$5,105,437
Value of total assets at beginning of year2017-12-31$5,163,031
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$28,795
Total interest from all sources2017-12-31$15,731
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$0
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$600,000
If this is an individual account plan, was there a blackout period2017-12-31Yes
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$266,184
Participant contributions at end of year2017-12-31$352,627
Participant contributions at beginning of year2017-12-31$407,471
Participant contributions at end of year2017-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$0
Total non interest bearing cash at end of year2017-12-31$8,990
Total non interest bearing cash at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$-57,594
Value of net assets at end of year (total assets less liabilities)2017-12-31$5,105,437
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$5,163,031
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$4,743,820
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$4,750,124
Interest on participant loans2017-12-31$15,731
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$5,436
Expenses. Payments to insurance carriers foe the provision of benefits2017-12-31$0
Net investment gain/loss from pooled separate accounts2017-12-31$669,064
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 contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$88,782
Employer contributions (assets) at end of year2017-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,061,468
Contract administrator fees2017-12-31$28,795
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31Yes
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)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31BRIGGS & VESELKA CO
Accountancy firm EIN2017-12-31741769118

Form 5500 Responses for UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN

2019: UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01This submission is the final filingYes
2019-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedYes
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: UNITED GALVANIZING, INC. 401(K) SAVINGS & RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number129713
Policy instance 1
Insurance contract or identification number129713
Number of Individuals Covered0
Total amount of commissions paid to insurance brokerUSD $6,804
Total amount of fees paid to insurance companyUSD $5,865
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees5865
Additional information about fees paid to insurance brokerTPA FEES PAID, COMPENSATION AND OTHER PAYMENTS
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number129713
Policy instance 1
Insurance contract or identification number129713
Number of Individuals Covered63
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $10,336
Total amount of fees paid to insurance companyUSD $7,323
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $10,336
Insurance broker organization code?4
Amount paid for insurance broker fees7323
Additional information about fees paid to insurance brokerTPA FEES
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberFL 8928-1
Policy instance 1
Insurance contract or identification numberFL 8928-1
Number of Individuals Covered62
Insurance policy start date2017-01-01
Insurance policy end date2017-06-16
Total amount of commissions paid to insurance brokerUSD $1,169
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,169
Insurance broker organization code?4
Insurance broker nameQUESTAR AGENCY INC
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number129713
Policy instance 2
Insurance contract or identification number129713
Number of Individuals Covered72
Insurance policy start date2017-06-16
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $30,219
Total amount of fees paid to insurance companyUSD $15,219
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $30,219
Insurance broker organization code?4
Amount paid for insurance broker fees15219
Additional information about fees paid to insurance brokerTPA FEES
Insurance broker nameNOVA 401(K) ASSOCIATES

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