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AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameAGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN
Plan identification number 001

AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

AGM CONTAINER CONTROLS, INC. has sponsored the creation of one or more 401k plans.

Company Name:AGM CONTAINER CONTROLS, INC.
Employer identification number (EIN):860229556
NAIC Classification:336990

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01HOWARD STEWART2023-07-07 HOWARD STEWART2023-07-07
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01HOWARD N STEWART2015-05-19
0012013-01-01HOWARD N STEWART2014-06-26
0012012-01-01HOWARD N STEWART2013-07-16
0012011-01-01HOWARD N STEWART2012-07-23
0012010-01-01HOWARD N STEWART2011-07-22

Plan Statistics for AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN

Measure Date Value
2023: AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01109
Total number of active participants reported on line 7a of the Form 55002023-01-0195
Number of retired or separated participants receiving benefits2023-01-015
Number of other retired or separated participants entitled to future benefits2023-01-019
Total of all active and inactive participants2023-01-01109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-012
2022: AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-316,175,287
Acturial value of plan assets2022-12-316,175,287
Funding target for retired participants and beneficiaries receiving payment2022-12-31212,739
Number of terminated vested participants2022-12-3113
Fundng target for terminated vested participants2022-12-31184,988
Active participant vested funding target2022-12-313,231,598
Number of active participants2022-12-3175
Total funding liabilities for active participants2022-12-313,240,664
Total participant count2022-12-3192
Total funding target for all participants2022-12-313,638,391
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-311,370,753
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 balance2022-12-311,370,753
Present value of excess contributions2022-12-31956,480
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-311,011,382
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
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 year2022-12-311,519,343
Total employer contributions2022-12-311,500,000
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 date2022-12-311,437,136
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 cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-311,437,136
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-315,023,224
Acturial value of plan assets2021-12-315,004,112
Funding target for retired participants and beneficiaries receiving payment2021-12-31222,890
Number of terminated vested participants2021-12-3110
Fundng target for terminated vested participants2021-12-31294,640
Active participant vested funding target2021-12-313,025,728
Number of active participants2021-12-3179
Total funding liabilities for active participants2021-12-313,047,353
Total participant count2021-12-3193
Total funding target for all participants2021-12-313,564,883
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31409,651
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31409,651
Present value of excess contributions2021-12-311,402,849
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-311,480,847
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-311,480,847
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-31500,000
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-311,370,753
Total employer contributions2021-12-311,000,000
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 date2021-12-31956,480
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 cost2021-12-310
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31956,480
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-314,436,018
Acturial value of plan assets2020-12-314,426,925
Funding target for retired participants and beneficiaries receiving payment2020-12-31235,156
Number of terminated vested participants2020-12-317
Fundng target for terminated vested participants2020-12-31151,533
Active participant vested funding target2020-12-313,626,357
Number of active participants2020-12-3187
Total funding liabilities for active participants2020-12-313,668,214
Total participant count2020-12-3198
Total funding target for all participants2020-12-314,054,903
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-311,369,592
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-311,369,592
Present value of excess contributions2020-12-31937,226
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31990,929
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-31990,929
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-311,500,000
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31409,651
Total employer contributions2020-12-311,500,000
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 date2020-12-311,402,849
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 cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-311,402,849
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-315,226,712
Acturial value of plan assets2019-12-315,226,712
Funding target for retired participants and beneficiaries receiving payment2019-12-31190,154
Number of terminated vested participants2019-12-318
Fundng target for terminated vested participants2019-12-3187,981
Active participant vested funding target2019-12-313,184,429
Number of active participants2019-12-3186
Total funding liabilities for active participants2019-12-313,218,875
Total participant count2019-12-3197
Total funding target for all participants2019-12-313,497,010
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-311,567,301
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-311,567,301
Present value of excess contributions2019-12-31213,227
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31225,807
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-31225,807
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-31500,000
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-311,369,592
Total employer contributions2019-12-311,000,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31937,226
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31305,855
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31937,226
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-315,104,958
Acturial value of plan assets2018-12-315,103,434
Funding target for retired participants and beneficiaries receiving payment2018-12-31505,046
Number of terminated vested participants2018-12-3110
Fundng target for terminated vested participants2018-12-3136,064
Active participant vested funding target2018-12-312,693,161
Number of active participants2018-12-3177
Total funding liabilities for active participants2018-12-312,724,729
Total participant count2018-12-3192
Total funding target for all participants2018-12-313,265,839
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-311,465,315
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-311,465,315
Present value of excess contributions2018-12-3192,812
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3198,455
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3198,455
Reductions in prefunding balances due to elections or deemed elections2018-12-3198,455
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-311,567,301
Total employer contributions2018-12-31250,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31238,870
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31295,937
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3125,643
Additional cash requirement2018-12-3125,643
Contributions allocatedtoward minimum required contributions for current year2018-12-31238,870
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-314,888,639
Acturial value of plan assets2017-12-314,888,639
Funding target for retired participants and beneficiaries receiving payment2017-12-31189,225
Number of terminated vested participants2017-12-3113
Fundng target for terminated vested participants2017-12-3161,352
Active participant vested funding target2017-12-312,434,948
Number of active participants2017-12-3181
Total funding liabilities for active participants2017-12-312,461,349
Total participant count2017-12-3197
Total funding target for all participants2017-12-312,711,926
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31593,697
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-31593,697
Present value of excess contributions2017-12-31726,497
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31771,758
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31771,758
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-311,465,315
Total employer contributions2017-12-31100,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-3192,812
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31225,550
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-3192,812
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-313,297,744
Acturial value of plan assets2016-12-313,295,794
Funding target for retired participants and beneficiaries receiving payment2016-12-31242,534
Number of terminated vested participants2016-12-318
Fundng target for terminated vested participants2016-12-31174,621
Active participant vested funding target2016-12-312,552,322
Number of active participants2016-12-3183
Total funding liabilities for active participants2016-12-312,577,070
Total participant count2016-12-3195
Total funding target for all participants2016-12-312,994,225
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31867,772
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-31867,772
Present value of excess contributions2016-12-31864,725
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31920,154
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31920,154
Reductions in prefunding balances due to elections or deemed elections2016-12-31800,000
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31593,697
Total employer contributions2016-12-311,000,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31955,880
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31229,383
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31229,383
Additional cash requirement2016-12-31229,383
Contributions allocatedtoward minimum required contributions for current year2016-12-31955,880
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

Financial Data on AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN

Measure Date Value
2023 : AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN 2023 401k financial data
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$2,462,956
Expenses. Total of all expenses incurred2023-12-31$126,478
Benefits paid (including direct rollovers)2023-12-31$126,462
Total plan assets at end of year2023-12-31$6,399,344
Total plan assets at beginning of year2023-12-31$4,062,866
Value of fidelity bond covering the plan2023-12-31$750,000
Total contributions received or receivable from participants2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$1,462,956
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$2,336,478
Net plan assets at end of year (total assets less liabilities)2023-12-31$6,399,344
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$4,062,866
Total contributions received or receivable from employer(s)2023-12-31$1,000,000
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$16

Form 5500 Responses for AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN

2023: AGM CONTAINER CONTROLS INC DEFINED BENEFIT PENSION PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes

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