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INGERSOLL CUTTING TOOL 401(K) PLAN 401k Plan overview

Plan NameINGERSOLL CUTTING TOOL 401(K) PLAN
Plan identification number 001

INGERSOLL CUTTING TOOL 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

INGERSOLL CUTTING TOOL COMPANY, INC. has sponsored the creation of one or more 401k plans.

Company Name:INGERSOLL CUTTING TOOL COMPANY, INC.
Employer identification number (EIN):752908703
NAIC Classification:333510

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INGERSOLL CUTTING TOOL 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01CHERI G. CLAUSSEN2023-11-21
0012021-01-01ELIZABETH M. GUCCIARDO2022-10-13
0012020-01-01ELIZABETH M. GUCCIARDO2021-10-11
0012019-01-01ELIZABETH M. GUCCIARDO2020-10-10
0012018-01-01ELIZABETH M. GUCCIARDO2019-10-08
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01ELIZABETH M. GUCCIARDO
0012012-01-01ELIZABETH M. GUCCIARDO
0012011-01-01ELIZABETH M. GUCCIARDO
0012010-01-01CHARLES S ELDER
0012009-01-01NANCY MANARY

Plan Statistics for INGERSOLL CUTTING TOOL 401(K) PLAN

401k plan membership statisitcs for INGERSOLL CUTTING TOOL 401(K) PLAN

Measure Date Value
2022: INGERSOLL CUTTING TOOL 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01492
Total number of active participants reported on line 7a of the Form 55002022-01-01391
Number of retired or separated participants receiving benefits2022-01-0111
Number of other retired or separated participants entitled to future benefits2022-01-0175
Total of all active and inactive participants2022-01-01477
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-015
Total participants2022-01-01482
Number of participants with account balances2022-01-01387
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-014
2021: INGERSOLL CUTTING TOOL 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01489
Total number of active participants reported on line 7a of the Form 55002021-01-01384
Number of retired or separated participants receiving benefits2021-01-0111
Number of other retired or separated participants entitled to future benefits2021-01-0194
Total of all active and inactive participants2021-01-01489
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-013
Total participants2021-01-01492
Number of participants with account balances2021-01-01402
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0112
2020: INGERSOLL CUTTING TOOL 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01503
Total number of active participants reported on line 7a of the Form 55002020-01-01408
Number of retired or separated participants receiving benefits2020-01-017
Number of other retired or separated participants entitled to future benefits2020-01-0168
Total of all active and inactive participants2020-01-01483
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-016
Total participants2020-01-01489
Number of participants with account balances2020-01-01434
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-018
2019: INGERSOLL CUTTING TOOL 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01496
Total number of active participants reported on line 7a of the Form 55002019-01-01437
Number of retired or separated participants receiving benefits2019-01-017
Number of other retired or separated participants entitled to future benefits2019-01-0159
Total of all active and inactive participants2019-01-01503
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-012
Total participants2019-01-01505
Number of participants with account balances2019-01-01433
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-017
2018: INGERSOLL CUTTING TOOL 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01503
Total number of active participants reported on line 7a of the Form 55002018-01-01442
Number of retired or separated participants receiving benefits2018-01-017
Number of other retired or separated participants entitled to future benefits2018-01-0156
Total of all active and inactive participants2018-01-01505
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-014
Total participants2018-01-01509
Number of participants with account balances2018-01-01439
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-014
2017: INGERSOLL CUTTING TOOL 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01528
Total number of active participants reported on line 7a of the Form 55002017-01-01437
Number of retired or separated participants receiving benefits2017-01-018
Number of other retired or separated participants entitled to future benefits2017-01-0156
Total of all active and inactive participants2017-01-01501
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-012
Total participants2017-01-01503
Number of participants with account balances2017-01-01432
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0114
2016: INGERSOLL CUTTING TOOL 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01537
Total number of active participants reported on line 7a of the Form 55002016-01-01455
Number of retired or separated participants receiving benefits2016-01-016
Number of other retired or separated participants entitled to future benefits2016-01-0167
Total of all active and inactive participants2016-01-01528
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01528
Number of participants with account balances2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-019
2015: INGERSOLL CUTTING TOOL 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01539
Total number of active participants reported on line 7a of the Form 55002015-01-01483
Number of retired or separated participants receiving benefits2015-01-015
Number of other retired or separated participants entitled to future benefits2015-01-0149
Total of all active and inactive participants2015-01-01537
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01537
Number of participants with account balances2015-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0117
2014: INGERSOLL CUTTING TOOL 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01528
Total number of active participants reported on line 7a of the Form 55002014-01-01464
Number of retired or separated participants receiving benefits2014-01-015
Number of other retired or separated participants entitled to future benefits2014-01-0149
Total of all active and inactive participants2014-01-01518
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-011
Total participants2014-01-01519
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0110
2013: INGERSOLL CUTTING TOOL 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01513
Total number of active participants reported on line 7a of the Form 55002013-01-01471
Number of retired or separated participants receiving benefits2013-01-015
Number of other retired or separated participants entitled to future benefits2013-01-0149
Total of all active and inactive participants2013-01-01525
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01525
Number of participants with account balances2013-01-01438
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-018
2012: INGERSOLL CUTTING TOOL 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01422
Total number of active participants reported on line 7a of the Form 55002012-01-01461
Number of retired or separated participants receiving benefits2012-01-014
Number of other retired or separated participants entitled to future benefits2012-01-0169
Total of all active and inactive participants2012-01-01534
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-01535
Number of participants with account balances2012-01-01433
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0110
2011: INGERSOLL CUTTING TOOL 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01410
Total number of active participants reported on line 7a of the Form 55002011-01-01377
Number of retired or separated participants receiving benefits2011-01-013
Number of other retired or separated participants entitled to future benefits2011-01-0142
Total of all active and inactive participants2011-01-01422
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01422
Number of participants with account balances2011-01-01421
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-018
2010: INGERSOLL CUTTING TOOL 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01410
Total number of active participants reported on line 7a of the Form 55002010-01-01367
Number of retired or separated participants receiving benefits2010-01-012
Number of other retired or separated participants entitled to future benefits2010-01-0141
Total of all active and inactive participants2010-01-01410
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01410
Number of participants with account balances2010-01-01408
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-016
2009: INGERSOLL CUTTING TOOL 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01406
Total number of active participants reported on line 7a of the Form 55002009-01-01360
Number of retired or separated participants receiving benefits2009-01-011
Number of other retired or separated participants entitled to future benefits2009-01-0149
Total of all active and inactive participants2009-01-01410
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01410
Number of participants with account balances2009-01-01410
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0116

Financial Data on INGERSOLL CUTTING TOOL 401(K) PLAN

Measure Date Value
2022 : INGERSOLL CUTTING TOOL 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-13,257,954
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$5,751,010
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$5,736,436
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$3,031,577
Value of total assets at end of year2022-12-31$89,484,300
Value of total assets at beginning of year2022-12-31$108,493,264
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$14,574
Total interest from all sources2022-12-31$58,516
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$2,275,703
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$2,275,703
Administrative expenses professional fees incurred2022-12-31$14,574
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$2,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$2,098,985
Participant contributions at end of year2022-12-31$1,442,827
Participant contributions at beginning of year2022-12-31$1,715,730
Participant contributions at end of year2022-12-31$85,637
Participant contributions at beginning of year2022-12-31$87,105
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$3,485
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-19,008,964
Value of net assets at end of year (total assets less liabilities)2022-12-31$89,484,300
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$108,493,264
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$71,804,012
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$91,746,621
Interest on participant loans2022-12-31$58,516
Value of interest in common/collective trusts at end of year2022-12-31$16,112,689
Value of interest in common/collective trusts at beginning of year2022-12-31$14,903,530
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-18,623,750
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$929,107
Employer contributions (assets) at end of year2022-12-31$39,135
Employer contributions (assets) at beginning of year2022-12-31$40,278
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$5,736,436
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31RSM US LLP
Accountancy firm EIN2022-12-31420714325
2021 : INGERSOLL CUTTING TOOL 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$17,204,032
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$7,531,275
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$7,517,025
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$3,756,696
Value of total assets at end of year2021-12-31$108,493,264
Value of total assets at beginning of year2021-12-31$98,820,507
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$14,250
Total interest from all sources2021-12-31$69,393
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$5,795,912
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$5,795,912
Administrative expenses professional fees incurred2021-12-31$14,250
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$2,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$2,167,737
Participant contributions at end of year2021-12-31$1,715,730
Participant contributions at beginning of year2021-12-31$1,788,869
Participant contributions at end of year2021-12-31$87,105
Participant contributions at beginning of year2021-12-31$92,114
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$606,602
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$9,672,757
Value of net assets at end of year (total assets less liabilities)2021-12-31$108,493,264
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$98,820,507
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$91,746,621
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$84,005,536
Interest on participant loans2021-12-31$69,393
Value of interest in common/collective trusts at end of year2021-12-31$14,903,530
Value of interest in common/collective trusts at beginning of year2021-12-31$12,891,583
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$7,582,031
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$982,357
Employer contributions (assets) at end of year2021-12-31$40,278
Employer contributions (assets) at beginning of year2021-12-31$42,405
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$7,517,025
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31RSM US LLP
Accountancy firm EIN2021-12-31420714325
2020 : INGERSOLL CUTTING TOOL 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$15,980,021
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$6,116,901
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$6,102,472
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$3,363,546
Value of total assets at end of year2020-12-31$98,820,507
Value of total assets at beginning of year2020-12-31$88,957,387
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$14,429
Total interest from all sources2020-12-31$94,649
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$2,350,345
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$2,350,345
Administrative expenses professional fees incurred2020-12-31$14,429
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$2,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$2,200,259
Participant contributions at end of year2020-12-31$1,788,869
Participant contributions at beginning of year2020-12-31$2,329,048
Participant contributions at end of year2020-12-31$92,114
Participant contributions at beginning of year2020-12-31$98,120
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$154,766
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$9,863,120
Value of net assets at end of year (total assets less liabilities)2020-12-31$98,820,507
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$88,957,387
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$84,005,536
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$75,153,923
Interest on participant loans2020-12-31$94,649
Value of interest in common/collective trusts at end of year2020-12-31$12,891,583
Value of interest in common/collective trusts at beginning of year2020-12-31$11,330,308
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$10,171,481
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$1,008,521
Employer contributions (assets) at end of year2020-12-31$42,405
Employer contributions (assets) at beginning of year2020-12-31$45,988
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$6,102,472
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31RSM US LLP
Accountancy firm EIN2020-12-31420714325
2019 : INGERSOLL CUTTING TOOL 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$18,783,430
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$3,185,921
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,171,130
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$3,601,642
Value of total assets at end of year2019-12-31$88,957,387
Value of total assets at beginning of year2019-12-31$73,359,878
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$14,791
Total interest from all sources2019-12-31$95,407
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$2,402,220
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$2,402,220
Administrative expenses professional fees incurred2019-12-31$14,791
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$2,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$2,418,709
Participant contributions at end of year2019-12-31$2,329,048
Participant contributions at beginning of year2019-12-31$2,231,846
Participant contributions at end of year2019-12-31$98,120
Participant contributions at beginning of year2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$88,868
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$15,597,509
Value of net assets at end of year (total assets less liabilities)2019-12-31$88,957,387
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$73,359,878
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$75,153,923
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$60,236,153
Interest on participant loans2019-12-31$95,407
Value of interest in common/collective trusts at end of year2019-12-31$11,330,308
Value of interest in common/collective trusts at beginning of year2019-12-31$10,891,879
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$12,684,161
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$1,094,065
Employer contributions (assets) at end of year2019-12-31$45,988
Employer contributions (assets) at beginning of year2019-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,171,130
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31RSM US LLP
Accountancy firm EIN2019-12-31420714325
2018 : INGERSOLL CUTTING TOOL 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$180,044
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$4,407,879
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$4,392,063
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$3,305,120
Value of total assets at end of year2018-12-31$73,359,878
Value of total assets at beginning of year2018-12-31$77,587,713
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$15,816
Total interest from all sources2018-12-31$84,370
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$2,739,047
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$2,739,047
Administrative expenses professional fees incurred2018-12-31$15,816
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$2,000,000
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$2,247,021
Participant contributions at end of year2018-12-31$2,231,846
Participant contributions at beginning of year2018-12-31$2,226,521
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$28,710
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-4,227,835
Value of net assets at end of year (total assets less liabilities)2018-12-31$73,359,878
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$77,587,713
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$60,236,153
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$65,907,667
Interest on participant loans2018-12-31$84,370
Value of interest in common/collective trusts at end of year2018-12-31$10,891,879
Value of interest in common/collective trusts at beginning of year2018-12-31$9,453,525
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-5,948,493
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$1,029,389
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$4,392,063
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 name2018-12-31RSM US LLP
Accountancy firm EIN2018-12-31420714325
2017 : INGERSOLL CUTTING TOOL 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$13,274,733
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$3,354,071
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$3,338,523
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$3,182,976
Value of total assets at end of year2017-12-31$77,587,713
Value of total assets at beginning of year2017-12-31$67,667,051
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$15,548
Total interest from all sources2017-12-31$75,350
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$2,222,662
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$2,222,662
Administrative expenses professional fees incurred2017-12-31$15,548
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$2,000,000
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$2,152,957
Participant contributions at end of year2017-12-31$2,226,521
Participant contributions at beginning of year2017-12-31$2,198,659
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$49,915
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$9,920,662
Value of net assets at end of year (total assets less liabilities)2017-12-31$77,587,713
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$67,667,051
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$65,907,667
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$55,026,743
Interest on participant loans2017-12-31$75,350
Value of interest in common/collective trusts at end of year2017-12-31$9,453,525
Value of interest in common/collective trusts at beginning of year2017-12-31$10,441,649
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$7,793,745
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$980,104
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$3,338,523
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 name2017-12-31RSM US LLP
Accountancy firm EIN2017-12-31420714325
2016 : INGERSOLL CUTTING TOOL 401(K) PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$7,889,985
Total of all expenses incurred2016-12-31$2,483,518
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$2,468,560
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$3,103,678
Value of total assets at end of year2016-12-31$67,667,051
Value of total assets at beginning of year2016-12-31$62,260,584
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$14,958
Total interest from all sources2016-12-31$70,061
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$1,821,257
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$1,821,257
Administrative expenses professional fees incurred2016-12-31$14,958
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$2,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$2,087,505
Participant contributions at end of year2016-12-31$2,198,659
Participant contributions at beginning of year2016-12-31$2,202,977
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$26,389
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$5,406,467
Value of net assets at end of year (total assets less liabilities)2016-12-31$67,667,051
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$62,260,584
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$55,026,743
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$50,652,149
Interest on participant loans2016-12-31$70,061
Value of interest in common/collective trusts at end of year2016-12-31$10,441,649
Value of interest in common/collective trusts at beginning of year2016-12-31$9,405,458
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$3,051,289
Net investment gain or loss from common/collective trusts2016-12-31$-156,300
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$989,784
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$2,468,560
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31RSM US LLP
Accountancy firm EIN2016-12-31420714325
2015 : INGERSOLL CUTTING TOOL 401(K) PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$2,984,155
Total of all expenses incurred2015-12-31$3,121,172
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$3,106,464
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$3,157,784
Value of total assets at end of year2015-12-31$62,260,584
Value of total assets at beginning of year2015-12-31$62,397,601
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$14,708
Total interest from all sources2015-12-31$66,058
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$2,127,963
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$2,127,963
Administrative expenses professional fees incurred2015-12-31$14,708
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$2,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$2,092,585
Participant contributions at end of year2015-12-31$2,202,977
Participant contributions at beginning of year2015-12-31$2,209,017
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$102,909
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-137,017
Value of net assets at end of year (total assets less liabilities)2015-12-31$62,260,584
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$62,397,601
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$50,652,149
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$51,567,454
Interest on participant loans2015-12-31$66,058
Value of interest in common/collective trusts at end of year2015-12-31$9,405,458
Value of interest in common/collective trusts at beginning of year2015-12-31$8,621,130
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-2,267,187
Net investment gain or loss from common/collective trusts2015-12-31$-100,463
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$962,290
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$3,106,464
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31RSM US LLP
Accountancy firm EIN2015-12-31420714325
2014 : INGERSOLL CUTTING TOOL 401(K) PLAN 2014 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$7,270,970
Total of all expenses incurred2014-12-31$3,336,142
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$3,321,078
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$3,058,817
Value of total assets at end of year2014-12-31$62,397,601
Value of total assets at beginning of year2014-12-31$58,462,773
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$15,064
Total interest from all sources2014-12-31$69,609
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$2,261,771
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$2,261,771
Administrative expenses professional fees incurred2014-12-31$10,139
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$1,920,474
Participant contributions at end of year2014-12-31$2,209,017
Participant contributions at beginning of year2014-12-31$2,245,764
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$225,608
Administrative expenses (other) incurred2014-12-31$4,925
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$3,934,828
Value of net assets at end of year (total assets less liabilities)2014-12-31$62,397,601
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$58,462,773
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$51,567,454
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$47,365,525
Interest on participant loans2014-12-31$69,609
Value of interest in common/collective trusts at end of year2014-12-31$8,621,130
Value of interest in common/collective trusts at beginning of year2014-12-31$8,851,484
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$1,863,995
Net investment gain or loss from common/collective trusts2014-12-31$16,778
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$912,735
Employer contributions (assets) at beginning of year2014-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$3,321,078
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31MCGLADREY LLP
Accountancy firm EIN2014-12-31420714325
2013 : INGERSOLL CUTTING TOOL 401(K) PLAN 2013 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$11,298,253
Total of all expenses incurred2013-12-31$2,299,293
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$2,284,854
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$2,776,610
Value of total assets at end of year2013-12-31$58,462,773
Value of total assets at beginning of year2013-12-31$49,463,813
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$14,439
Total interest from all sources2013-12-31$71,322
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$1,327,593
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$1,327,593
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$1,806,990
Participant contributions at end of year2013-12-31$2,245,764
Participant contributions at beginning of year2013-12-31$2,354,271
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$118,421
Administrative expenses (other) incurred2013-12-31$14,439
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$8,998,960
Value of net assets at end of year (total assets less liabilities)2013-12-31$58,462,773
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$49,463,813
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$47,365,525
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$39,063,052
Interest on participant loans2013-12-31$71,322
Value of interest in common/collective trusts at end of year2013-12-31$8,851,484
Value of interest in common/collective trusts at beginning of year2013-12-31$8,043,425
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$7,148,831
Net investment gain or loss from common/collective trusts2013-12-31$-26,103
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$851,199
Employer contributions (assets) at end of year2013-12-31$0
Employer contributions (assets) at beginning of year2013-12-31$3,065
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$2,284,854
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31MCGLADREY LLP
Accountancy firm EIN2013-12-31420714325
2012 : INGERSOLL CUTTING TOOL 401(K) PLAN 2012 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$7,478,033
Total of all expenses incurred2012-12-31$1,318,186
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,305,436
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$2,624,527
Value of total assets at end of year2012-12-31$49,463,813
Value of total assets at beginning of year2012-12-31$43,303,966
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$12,750
Total interest from all sources2012-12-31$72,310
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$989,191
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$989,191
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$1,721,860
Participant contributions at end of year2012-12-31$2,354,271
Participant contributions at beginning of year2012-12-31$2,204,771
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$67,273
Administrative expenses (other) incurred2012-12-31$12,750
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$6,159,847
Value of net assets at end of year (total assets less liabilities)2012-12-31$49,463,813
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$43,303,966
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$39,063,052
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$34,047,747
Interest on participant loans2012-12-31$72,310
Value of interest in common/collective trusts at end of year2012-12-31$8,043,425
Value of interest in common/collective trusts at beginning of year2012-12-31$7,051,448
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$3,557,711
Net investment gain or loss from common/collective trusts2012-12-31$234,294
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$835,394
Employer contributions (assets) at end of year2012-12-31$3,065
Employer contributions (assets) at beginning of year2012-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,305,436
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31MCGLADERY LLP
Accountancy firm EIN2012-12-31420714325
2011 : INGERSOLL CUTTING TOOL 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$3,272,690
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$2,585,847
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$2,568,613
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,357,159
Value of total assets at end of year2011-12-31$43,303,966
Value of total assets at beginning of year2011-12-31$42,617,123
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$17,234
Total interest from all sources2011-12-31$74,466
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$956,340
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$956,340
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,542,169
Participant contributions at end of year2011-12-31$2,204,771
Participant contributions at beginning of year2011-12-31$2,080,804
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$74,334
Administrative expenses (other) incurred2011-12-31$17,234
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$686,843
Value of net assets at end of year (total assets less liabilities)2011-12-31$43,303,966
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$42,617,123
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$34,047,747
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$34,408,158
Interest on participant loans2011-12-31$74,466
Value of interest in common/collective trusts at end of year2011-12-31$7,051,448
Value of interest in common/collective trusts at beginning of year2011-12-31$6,128,161
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-621,443
Net investment gain or loss from common/collective trusts2011-12-31$506,168
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$740,656
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$2,568,613
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31MCGLADREY LLP
Accountancy firm EIN2011-12-31420714325
2010 : INGERSOLL CUTTING TOOL 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$6,520,719
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$1,003,753
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$991,925
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$2,260,994
Value of total assets at end of year2010-12-31$42,617,123
Value of total assets at beginning of year2010-12-31$37,100,157
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$11,828
Total interest from all sources2010-12-31$83,314
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$857,278
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$857,278
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,507,028
Participant contributions at end of year2010-12-31$2,080,804
Participant contributions at beginning of year2010-12-31$1,847,579
Assets. Other investments not covered elsewhere at end of year2010-12-31$-251,207
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$129,444
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$41,586
Administrative expenses (other) incurred2010-12-31$11,828
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$5,516,966
Value of net assets at end of year (total assets less liabilities)2010-12-31$42,617,123
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$37,100,157
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 end of year2010-12-31$34,408,158
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$28,991,695
Interest on participant loans2010-12-31$83,314
Value of interest in common/collective trusts at end of year2010-12-31$6,379,368
Value of interest in common/collective trusts at beginning of year2010-12-31$5,987,755
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$3,151,349
Net investment gain or loss from common/collective trusts2010-12-31$167,784
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
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$712,380
Employer contributions (assets) at end of year2010-12-31$0
Employer contributions (assets) at beginning of year2010-12-31$143,684
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$991,925
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
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 name2010-12-31MCGLADREY & PULLEN, LLP
Accountancy firm EIN2010-12-31420714325
2009 : INGERSOLL CUTTING TOOL 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for INGERSOLL CUTTING TOOL 401(K) PLAN

2022: INGERSOLL CUTTING TOOL 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: INGERSOLL CUTTING TOOL 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: INGERSOLL CUTTING TOOL 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: INGERSOLL CUTTING TOOL 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: INGERSOLL CUTTING TOOL 401(K) PLAN 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 filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: INGERSOLL CUTTING TOOL 401(K) PLAN 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
2016: INGERSOLL CUTTING TOOL 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: INGERSOLL CUTTING TOOL 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: INGERSOLL CUTTING TOOL 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: INGERSOLL CUTTING TOOL 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: INGERSOLL CUTTING TOOL 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: INGERSOLL CUTTING TOOL 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
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 – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: INGERSOLL CUTTING TOOL 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: INGERSOLL CUTTING TOOL 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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