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ARCONIC CORP. PENSION PLAN A 401k Plan overview

Plan NameARCONIC CORP. PENSION PLAN A
Plan identification number 003

ARCONIC CORP. PENSION PLAN A Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Code section 401(h) arrangement - Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ARCONIC CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:ARCONIC CORPORATION
Employer identification number (EIN):842745636
NAIC Classification:336410

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ARCONIC CORP. PENSION PLAN A

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01
0032021-01-01
0032020-01-01

Plan Statistics for ARCONIC CORP. PENSION PLAN A

401k plan membership statisitcs for ARCONIC CORP. PENSION PLAN A

Measure Date Value
2022: ARCONIC CORP. PENSION PLAN A 2022 401k membership
Market value of plan assets2022-12-31966,326,147
Acturial value of plan assets2022-12-31924,149,097
Funding target for retired participants and beneficiaries receiving payment2022-12-31724,356,640
Number of terminated vested participants2022-12-311,509
Fundng target for terminated vested participants2022-12-31122,876,519
Active participant vested funding target2022-12-31132,661,314
Number of active participants2022-12-31595
Total funding liabilities for active participants2022-12-31140,607,644
Total participant count2022-12-314,539
Total funding target for all participants2022-12-31987,840,803
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-31115,953,091
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31122,365,297
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-31119,100,000
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31119,100,000
Total employer contributions2022-12-319,400,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-319,077,710
Liquidity shortfalls end of Q12022-12-310
Liquidity shortfalls end of Q22022-12-310
Liquidity shortfalls end of Q32022-12-310
Liquidity shortfalls end of Q42022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-313,475,529
Net shortfall amortization installment of oustanding balance2022-12-31182,791,706
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3120,367,575
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-3111,290,000
Additional cash requirement2022-12-319,077,575
Contributions allocatedtoward minimum required contributions for current year2022-12-319,077,710
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-014,401
Total number of active participants reported on line 7a of the Form 55002022-01-01478
Number of retired or separated participants receiving benefits2022-01-012,193
Number of other retired or separated participants entitled to future benefits2022-01-011,374
Total of all active and inactive participants2022-01-014,045
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-01192
Total participants2022-01-014,237
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: ARCONIC CORP. PENSION PLAN A 2021 401k membership
Market value of plan assets2021-12-311,212,513,832
Acturial value of plan assets2021-12-311,161,283,361
Funding target for retired participants and beneficiaries receiving payment2021-12-311,009,192,746
Number of terminated vested participants2021-12-311,569
Fundng target for terminated vested participants2021-12-31129,196,885
Active participant vested funding target2021-12-31153,583,305
Number of active participants2021-12-31666
Total funding liabilities for active participants2021-12-31166,160,739
Total participant count2021-12-317,214
Total funding target for all participants2021-12-311,304,550,370
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-31641
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31675
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-31172,819,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31170,942,999
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-315,492,160
Net shortfall amortization installment of oustanding balance2021-12-31143,267,009
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3154,989,908
Additional cash requirement2021-12-3154,989,908
Contributions allocatedtoward minimum required contributions for current year2021-12-31170,942,999
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-017,214
Total number of active participants reported on line 7a of the Form 55002021-01-01595
Number of retired or separated participants receiving benefits2021-01-012,166
Number of other retired or separated participants entitled to future benefits2021-01-011,486
Total of all active and inactive participants2021-01-014,247
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-01154
Total participants2021-01-014,401
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: ARCONIC CORP. PENSION PLAN A 2020 401k membership
Market value of plan assets2020-12-311,174,493,141
Acturial value of plan assets2020-12-311,174,493,141
Funding target for retired participants and beneficiaries receiving payment2020-12-311,110,308,261
Number of terminated vested participants2020-12-311,631
Fundng target for terminated vested participants2020-12-31133,008,547
Active participant vested funding target2020-12-31179,523,133
Number of active participants2020-12-31771
Total funding liabilities for active participants2020-12-31197,641,933
Total participant count2020-12-319,268
Total funding target for all participants2020-12-311,440,958,741
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-3179,281,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-3175,441,737
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-317,105,778
Net shortfall amortization installment of oustanding balance2020-12-31266,465,600
Total funding amount beforereflecting carryover/prefunding balances2020-12-3175,441,096
Additional cash requirement2020-12-3175,441,096
Contributions allocatedtoward minimum required contributions for current year2020-12-3175,441,737
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-019,268
Total number of active participants reported on line 7a of the Form 55002020-01-01666
Number of retired or separated participants receiving benefits2020-01-014,123
Number of other retired or separated participants entitled to future benefits2020-01-011,569
Total of all active and inactive participants2020-01-016,358
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-01856
Total participants2020-01-017,214
Number of participants with account balances2020-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on ARCONIC CORP. PENSION PLAN A

Measure Date Value
2022 : ARCONIC CORP. PENSION PLAN A 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$7,785,523
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$479,708
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$1,324,847
Total income from all sources (including contributions)2022-12-31$-213,282,388
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$145,986,876
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$140,843,602
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$9,400,000
Value of total assets at end of year2022-12-31$615,322,114
Value of total assets at beginning of year2022-12-31$967,650,994
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$5,143,274
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$2,124,188
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
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
Administrative expenses (other) incurred2022-12-31$3,019,086
Liabilities. Value of operating payables at end of year2022-12-31$479,708
Liabilities. Value of operating payables at beginning of year2022-12-31$1,324,847
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-359,269,264
Value of net assets at end of year (total assets less liabilities)2022-12-31$614,842,406
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$966,326,147
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 master investment trust accounts at end of year2022-12-31$612,822,114
Value of interest in master investment trust accounts at beginning of year2022-12-31$967,650,994
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$9,400,000
Employer contributions (assets) at end of year2022-12-31$2,500,000
Employer contributions (assets) at beginning of year2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$140,843,602
Did the plan have assets held for investment2022-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party 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 name2022-12-31PRICEWATERHOUSECOOPERS
Accountancy firm EIN2022-12-31134008324
2021 : ARCONIC CORP. PENSION PLAN A 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$1,324,847
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$1,078,648
Total income from all sources (including contributions)2021-12-31$247,150,079
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$493,391,816
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$487,971,359
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$172,819,000
Value of total assets at end of year2021-12-31$967,650,994
Value of total assets at beginning of year2021-12-31$1,213,646,532
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$5,420,457
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Administrative expenses professional fees incurred2021-12-31$601,505
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
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
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$346,023,850
Administrative expenses (other) incurred2021-12-31$4,818,952
Liabilities. Value of operating payables at end of year2021-12-31$1,324,847
Liabilities. Value of operating payables at beginning of year2021-12-31$1,078,648
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-246,241,737
Value of net assets at end of year (total assets less liabilities)2021-12-31$966,326,147
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$1,212,567,884
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 master investment trust accounts at end of year2021-12-31$967,650,994
Value of interest in master investment trust accounts at beginning of year2021-12-31$1,186,307,532
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$172,819,000
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$27,339,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$141,947,509
Did the plan have assets held for investment2021-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party 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 name2021-12-31PRICEWATERHOUSECOOPERS
Accountancy firm EIN2021-12-31134008324
2020 : ARCONIC CORP. PENSION PLAN A 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$1,172,286,381
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$1,078,648
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$250,000,464
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$209,718,961
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$202,338,999
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$79,281,000
Value of total assets at end of year2020-12-31$1,213,646,532
Value of total assets at beginning of year2020-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$7,379,962
Total interest from all sources2020-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Administrative expenses professional fees incurred2020-12-31$1,411,370
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
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
Administrative expenses (other) incurred2020-12-31$5,968,592
Liabilities. Value of operating payables at end of year2020-12-31$1,078,648
Liabilities. Value of operating payables at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$40,281,503
Value of net assets at end of year (total assets less liabilities)2020-12-31$1,212,567,884
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$0
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 master investment trust accounts at end of year2020-12-31$1,186,307,532
Value of interest in master investment trust accounts at beginning of year2020-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$77,294,128
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$79,281,000
Employer contributions (assets) at end of year2020-12-31$27,339,000
Employer contributions (assets) at beginning of year2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$125,044,871
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 name2020-12-31PRICEWATERHOUSECOOPERS
Accountancy firm EIN2020-12-31134008324

Form 5500 Responses for ARCONIC CORP. PENSION PLAN A

2022: ARCONIC CORP. PENSION PLAN A 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
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 – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: ARCONIC CORP. PENSION PLAN A 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 – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: ARCONIC CORP. PENSION PLAN A 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01First time form 5500 has been submittedYes
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 – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes

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