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SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES 401k Plan overview

Plan NameSEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES
Plan identification number 503

SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Vision
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • Other welfare benefit cover

401k Sponsoring company profile

SEVERSTAL NORTH AMERICA, INC. has sponsored the creation of one or more 401k plans.

Company Name:SEVERSTAL NORTH AMERICA, INC.
Employer identification number (EIN):870716669
NAIC Classification:331110
NAIC Description:Iron and Steel Mills and Ferroalloy Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5032013-01-01MICHAEL TUOMEY
5032012-01-01MICHAEL TUOMEY MICHAEL TUOMEY2013-10-14
5032011-01-01MARK YOST
5032010-01-01MARK YOST
5032009-01-01MARK YOST, C.F.O
5032009-01-01MARK YOST, C.F.O

Plan Statistics for SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES

401k plan membership statisitcs for SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES

Measure Date Value
2013: SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES 2013 401k membership
Total participants, beginning-of-year2013-01-011,696
Total number of active participants reported on line 7a of the Form 55002013-01-011,542
Number of retired or separated participants receiving benefits2013-01-0192
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-011,634
2012: SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES 2012 401k membership
Total participants, beginning-of-year2012-01-011,440
Total number of active participants reported on line 7a of the Form 55002012-01-011,615
Number of retired or separated participants receiving benefits2012-01-0181
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-011,696
2011: SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES 2011 401k membership
Total participants, beginning-of-year2011-01-011,470
Total number of active participants reported on line 7a of the Form 55002011-01-011,380
Number of retired or separated participants receiving benefits2011-01-0160
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-011,440
2010: SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES 2010 401k membership
Total participants, beginning-of-year2010-01-011,387
Total number of active participants reported on line 7a of the Form 55002010-01-011,427
Number of retired or separated participants receiving benefits2010-01-0143
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-011,470
2009: SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES 2009 401k membership
Total participants, beginning-of-year2009-01-011,633
Total number of active participants reported on line 7a of the Form 55002009-01-011,361
Number of retired or separated participants receiving benefits2009-01-0126
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-011,387

Financial Data on SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES

Measure Date Value
2013 : SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$913,131
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$1,020,493
Total income from all sources (including contributions)2013-12-31$22,601,509
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$22,305,695
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$22,305,695
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$22,593,204
Value of total assets at end of year2013-12-31$2,050,371
Value of total assets at beginning of year2013-12-31$1,861,919
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$0
Total interest from all sources2013-12-31$180
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$10,000,000
Were there any nonexempt tranactions with any party-in-interest2013-12-31Yes
Amount of non-exempt transactions with any party-in-interest2013-12-31$8,125
Assets. Other investments not covered elsewhere at end of year2013-12-31$15
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$16
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2013-12-31$4,132,527
Other income not declared elsewhere2013-12-31$8,125
Liabilities. Value of operating payables at end of year2013-12-31$473,131
Liabilities. Value of operating payables at beginning of year2013-12-31$574,493
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$295,814
Value of net assets at end of year (total assets less liabilities)2013-12-31$1,137,240
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$841,426
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 bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$1,797,278
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$1,861,903
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$1,861,903
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$180
Expenses. Payments to insurance carriers foe the provision of benefits2013-12-31$18,173,168
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$22,593,204
Employer contributions (assets) at end of year2013-12-31$253,078
Employer contributions (assets) at beginning of year2013-12-31$0
Liabilities. Value of benefit claims payable at end of year2013-12-31$440,000
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$446,000
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 name2013-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2013-12-31381357951
2012 : SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$1,020,493
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$413,458
Total income from all sources (including contributions)2012-12-31$20,632,664
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$21,356,345
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$21,356,345
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$20,632,506
Value of total assets at end of year2012-12-31$1,861,919
Value of total assets at beginning of year2012-12-31$1,978,565
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$0
Total interest from all sources2012-12-31$158
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$10,000,000
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Assets. Other investments not covered elsewhere at end of year2012-12-31$16
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$39
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2012-12-31$4,098,746
Liabilities. Value of operating payables at end of year2012-12-31$574,493
Liabilities. Value of operating payables at beginning of year2012-12-31$18,358
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-723,681
Value of net assets at end of year (total assets less liabilities)2012-12-31$841,426
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$1,565,107
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 bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$1,861,903
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$1,978,526
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$1,978,526
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$158
Expenses. Payments to insurance carriers foe the provision of benefits2012-12-31$17,257,599
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31Yes
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$20,632,506
Liabilities. Value of benefit claims payable at end of year2012-12-31$446,000
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$395,100
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 name2012-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2012-12-31381357951
2011 : SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES 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$413,458
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$626,830
Total income from all sources (including contributions)2011-12-31$19,261,814
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$19,252,023
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$19,247,473
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$19,261,767
Value of total assets at end of year2011-12-31$1,978,565
Value of total assets at beginning of year2011-12-31$2,182,146
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$4,550
Total interest from all sources2011-12-31$47
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$10,000,000
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Assets. Other investments not covered elsewhere at end of year2011-12-31$39
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$10
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$3,969,612
Liabilities. Value of operating payables at end of year2011-12-31$18,358
Liabilities. Value of operating payables at beginning of year2011-12-31$253,170
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$9,791
Value of net assets at end of year (total assets less liabilities)2011-12-31$1,565,107
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$1,555,316
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 bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$1,978,526
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$2,182,136
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$2,182,136
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$47
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$15,277,861
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
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$19,261,767
Contract administrator fees2011-12-31$4,550
Liabilities. Value of benefit claims payable at end of year2011-12-31$395,100
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$373,660
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 name2011-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2011-12-31381357951
2010 : SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES 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$626,830
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$408,088
Total income from all sources (including contributions)2010-12-31$18,041,532
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$17,162,656
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$17,160,156
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$18,041,414
Value of total assets at end of year2010-12-31$2,182,146
Value of total assets at beginning of year2010-12-31$1,084,528
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$2,500
Total interest from all sources2010-12-31$118
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Assets. Other investments not covered elsewhere at end of year2010-12-31$10
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2010-12-31$12,745
Liabilities. Value of operating payables at end of year2010-12-31$253,170
Liabilities. Value of operating payables at beginning of year2010-12-31$47,173
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$878,876
Value of net assets at end of year (total assets less liabilities)2010-12-31$1,555,316
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$676,440
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 bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$2,182,136
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$1,084,528
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$1,084,528
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$118
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$17,147,411
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$18,041,414
Contract administrator fees2010-12-31$2,500
Liabilities. Value of benefit claims payable at end of year2010-12-31$373,660
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$360,915
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 name2010-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2010-12-31381357951

Form 5500 Responses for SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES

2013: SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedYes
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 planYes
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES 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 planYes
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
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 planYes
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES 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 planYes
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: SEVERSTAL NORTH AMERICA, INC. INSURANCE PROGRAM FOR HOURLY EMPLOYEES 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 planYes
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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