Form 5500 1997
[Annual Return/Report of Employee Benefit Plan]| Company Name: | BOARD OF TRUSTEES LIUNA NATIONAL |
| Address: | 905 16TH ST NW |
| WASHINGTON DC 20006 | |
| EIN: | 52-6074345 |
| Plan | Plan Name | Year | Process Date |
|---|---|---|---|
| 001 | LIUNA NATIONAL INDUSTRIAL PENSION FUND | 1997 | 8/18/98 |
|
For calendar year 1997 or fiscal plan year beginning January 01, 1997 and ending December, 1997. |
If A(1) through A(4), B, C, and/or D, do not apply to this
year's return/report, leave the boxes unmarked. A This return/report is: (1) the first return/report filed for the
plan: (2) an amended return/report: (3) the final return/report filed for the
plan; or (4) a short plan year return/report (less
than 12 months). B Check here if any information reported in 1a, 2a, 2b,
or 5a changed since the last return/report for this plan C If your plan year changed since the last
return/report, check here D If you filed for an extension of time to file this
return/report, check here and attach a copy of the extension
1a Name and address of plan sponsor (employer, if for a
single-employer plan) Street Address City, State Zip 1b EIN 1c Sponsor's telephone number 1d Business code 1e CUSIP issuer number
2a Plan administrator Street Address City, State Zip 2b Administrator's EIN 2c Administrator's telephone number
3 Fill in old information below if it changed since
last filing. 3a Sponsor EIN Plan number 3b Administrator EIN 3c If line 3a indicates a change in the
sponsor's name, address, and EIN, is this a change in sponsorship only?
4 Entity code (see p. 8 of instructions)
5a Name of plan 5b Effective date of plan 5c Plan number
6a Welfare benefit plan 6b Pension benefit plan Plan feature code(s) More plan feature information 6c Pension plan features (see p. 9 of instructions) 6d Fringe benefit plan 6e Investment arrangement code(s): Investment arrangement text 6f Single-employer plans enter the tax year end of the
employer in which this plan year ends 6g Is any part of this plan funded by an insurance
contract described in Code section 412(i)? 6h If line 6g is "Yes," was the part
subjected to the minimum funding standards for either of the prior 2 plan years?
7 Number of participants as of the end of the plan year
(welfare plans complete only lines 7a(4), 7b, 7c, and 7d): 7a Active participants: 7a (1) Number fully vested 7a (2) Number partially vested 7a (3) Number nonvested 7a (4) Total 7b Retired or separated participants receiving benefits 7c Retired or separated participants entitled to future
benefits 7d Subtotal. Add lines 7a(4), 7b, and 7c 7e Deceased participants whose beneficiaries are
receiving or are entitled to receive benefits 7f Total. Add lines 7d and 7e 7g Number of participants with account balances.
(Defined benefit plans do not compete this line item.) 7h Number of participants that terminated employment
during the plan year with accrued benefits that were less than 100% vested 7i (1) Was any participant(s) separated from service
with a deferred vested benefit for which a Schedule SSA is required to be
attached? 7i (2) If "Yes," enter the number of
separated participants required to be reported.
8a Was the plan ever amended since its effective date?
If "Yes," complete line 8b If the amendment was adopted in this plan year,
complete lines 8c through 8e. 8b If line 8a is "Yes," enter the date
the most recent amendment was adopted 8c Did any amendment during the current plan year
result in the retroactive reduction of accrued benefits for any participants? 8d During this plan year, did any amendment change the
information contained in the latest summary plan descriptions or summary
description of modifications available at the time of amendment? 8e If line 8d is "Yes," has a summary
plan description or summary description of modifications that reflects the plan
amendments referred to on line 8d been furnished to participants?
9a Was this plan terminated during this plan year or
any prior plan year? If "Yes," enter the year 9b Were all the plan assets either distributed to
participants or beneficiaries, transferred to another plan, or brought under the
control of PBGC? 9c Was a resolution to terminate this plan adopted
during this plan year or any prior plan year? 9d If line 9a or line 9c is
"Yes," have you received a favorable determination letter from the IRS
for the termination? 9e If line 9d is "No," has a
determination letter been requested from the IRS? 9f If line 9a or line 9c is
"Yes," have participants and beneficiaries been notified of the
termination or the proposed termination? 9g If line 9a is "Yes," and the plan
is covered by PBGC, is the plan continuing to file a PBGC Form 1 and pay
premiums until the end of the plan year in which assets are distributed or
brought under the control of PBGC? 9h During this plan year, did any trust assets revert
to the employer for which the Code section 4890 excise tax is due? 9i If line 9h is "Yes," enter the
amount of tax paid with Form 5330
10a In this plan year, was this plan merged or
consolidated into another plan(s), or were assets or liabilities transferred to
another plan(s)? If "Yes," complete lines 10b through 10e
If "Yes," identify the other plan(s) 10b Name of plan(s) 10c EIN(s) 10d Plan number(s)
11 Plan funding arrangement code (p. 10 of the
instructions)
12 Plan benefit arrangement code (p. 10 of the
instructions)
13a Is this a plan established or maintained pursuant
to one or more collective bargaining agreements? 13b If line 13a is "Yes," enter the
appropriate six-digit LM number(s) of the sponsoring labor organizations(s)
14 If any benefits are provided by an insurance
company, insurance service, or similar organization, enter the number of Schedules
A, Insurance Information, attached. If none, enter 0. Welfare Plans Do Not Complete Lines 15 Through 24. Go To Line 25.
15a If this is a defined benefit plan subject to the
minimum funding standards for this plan year, is Schedule B required to
be attached? (If this is a defined contribution plan leave blank.) 15b If this is a defined contribution plan, is it
subject to the minimum funding standards? (If this is a defined benefit plan,
leave blank.) If "Yes," complete (1), (2), and (3)
below: 15b (1) Amount of employer contribution required for
the plan year under Code section 412 15b (2) Amount of contribution paid by the employer for
the plan year. Enter date of last payment by employer 15b (3) If (1) is greater than (2), subtract (2) from
(1) and enter the funding deficiency here; otherwise, enter 0.
16 Has the annual compensation of each participant
taken into account under the current plan year been limited as required by
section 401(a)(17)?
17a (1) Did the plan distribute any annuity contracts
this year? 17a (2) If (1) is "Yes," did these contracts
contain a requirement that the spouse consent before any distributions under the
contract are made in a form other than a qualified joint and survivor annuity? 17b Did the plan make distributions or loans to married
participants and beneficiaries without the required consent of the participant's
spouse? 17c Upon plan amendment or termination, do the accrued
benefits of every participant include the subsidized benefits that the
participant may become entitled to receive subsequent to the plan amendment or
termination?
18 Is the plan administrator making an election under
section 412(c)(8) for an amendment adopted after the end of the plan year?
19 If a change in the actuarial funding method was made
for a plan year pursuant to a Revenue Procedure providing automatic approval for
the change, indicate whether the plan sponsor agrees to the change
20 Is the employer electing to compute minimum funding
for the plan year using the Transition rule of Code section 412(l)(11)?
21 Check if you are applying the substantiation
guidelines from Revenue Procedure 93-42, in completing lines 21a through 21o If you checked the box, enter the first day of
the plan year for which data is being submitted 21a Does the employer apply the separate line of
business rules of Code section 414(r) when testing this plan for the coverage
and discrimination tests requirements of Code sections 410(b) and 401(a)(4)? 21b If line 21a is "Yes," enter the
total number of separate lines of business claimed by the employer. If more than one separate line of business, see
instructions for additional information to attach. 21c Does the employer apply the mandatory
disaggregation rules under Income Tax Regulations section 1.410(b)-7(c)? If "Yes," see instructions for
additional information to attach. 21d In testing whether this plan satisfies the coverage
and discrimination tests of Code sections 410(b) and 401(a), does the employer
aggregate plans? 21e Does the employer restructure the plan into
component plans to satisfy the coverage and discrimination tests of Code
sections 410(b) and 401(a)? 21f If you meet either one of the following exceptions,
check the applicable box to tell us which exception you meet and do NOT complete
the rest of question 21: 21f (1) No highly compensated employee benefited under
the plan at any time during the year 21f (2) This is a collectively bargained plan that
benefits only collectively bargained employees, no more than 2% of which are
professional employees. 21g Did any leased employee perform services for the
employer at any time during the plan year? 21h Enter the total number of employees of the
employer. Employer includes entities aggregated with the employer under Code
section 414(b), (c), or (m). Include leased employees and self-employed
individuals 21i Enter the total number of employees excludable
under the plan because of: (1) failure to meet requirements for minimum age and
years of service; (2) collectively bargained employees; (3) nonresident aliens
who receive no earned income from U.S. sources; and (4) 500 hours of
service/last day rule 21j Enter the number of nonexcludable employees.
Subtract line 21i from line 21h 21k Do 100% of the nonexcludable employees entered on
line 21j benefit under the plan? If line 21k is "Yes," do NOT
complete lines 21l through 21o. 21l Enter the number of nonexcludable employees (line 21j)
who are highly compensated employees 21m Enter the number of nonexcludable employees who
benefit under the plan 21n Enter the number of employees entered on line 21m
who are highly compensated employees 21o This plan satisfies the coverage requirements on
the basis of: 21o (1) The average benefits test 21o (2) The ratio percentage test -- enter percentage
22a Is it or was it ever intended that this plan
qualify under Code section 401(a)? If "Yes," complete lines 22b
and 22c 22b Enter the date of the most recent IRS determination
letter 22c Is a determination letter request pending with the
IRS?
23a Does the plan hold any assets that have a fair
market value that is not readily determinable on an established market? If
"Yes," complete line 23b. 23b Were all the assets referred to on line 23a
valued for the 1998 plan year by an independent third-party appraiser? 23c If line 23b is "No," enter the
value of the assets that were not valued by an independent third-party appraiser
for the 1998 plan year 23d Enter the most recent date the asset on line 23c
were valued by an independent third-party appraiser. 23e If dividends paid on employer securities held by
the ESOP were used to make payments on ESOP loans, enter the amount of the
dividends used to make the payments
24 Does the employer/sponsor listed in 1a of
this form maintain other qualified pension benefit plans? If "Yes," enter the total number of
plans, including this plan
25a Did any person who rendered services to the plan
receive directly or indirectly $5,000 or more in compensation from the plan
during the plan year (except for employees of the plan who were paid less than
$1,000 in each month)? If "Yes," complete Part I of Schedule
C. 25b Did the plan have any trustees who must be listed
in Part II of Schedule C? 25c Has there been a termination in the appointment of
any person listed on line 25d below? 25d Terminated position(s) 25e Have there been any outstanding material disputes
or matters of disagreement concerning the above termination? 25f If an accountant or enrolled actuary has been
terminated during the plan year, has the terminated accountant/actuary been
provided a copy of the explanation required by Part III of Schedule C
with a notice advising them of their opportunity to submit comments on the
explanation directly to the DOL? 25g Enter the number of Schedules C that are
attached. If none, enter 0.
26a Is this plan exempt from the requirement to engage
an independent qualified public accountant? 26b If line 26a is "No," include the
accountant's opinion code. Other accountant's opinion. 26c If line 26a is "No," does the
accountant's report, including the financial statements and/or notes required to
be attached to this return/report disclose (1) errors or irregularities; (2)
illegal acts; (3) material internal control weaknesses; (4) a loss contingency
indicating that assets are impaired or a liability incurred; (5) significant
real estate or other transactions in which the plan and (A) the sponsor, (B) the
plan administrator, (C) the employer(s), or (D) the employee organization(s) are
jointly involved; (6) that the plan has participated in any related party
transactions; or (7) any unusual or infrequent events or transactions occurring
subsequent to the plan year and that might significant affect the usefulness of
the financial statements in assessing the plan's present or future ability to
pay benefits? 26d If line 26c is "Yes," provide the
total amount involved in such disclosure
27 If line 26a is "No," complete the
following questions. (You may NOT use N/A in response to any lines 27a
through 27i): If line 27a, 27b, 27c, 27d, 27e, or 27f is
checked "Yes," schedules of these items in the format set forth in the
instructions are required to be attached to this return/report. Schedule G
may be used as specified in the instructions. During this plan year: 27a Did the plan have assets held for investment? 27b Were any loans by the plan or fixed income
obligations due the plan in default as of the close of the plan year or
classified during the year as uncollectible? 27c Were any leases to which the plan was a party in
default or classified during the year as uncollectible? 27d Were any plan transactions or series of
transactions in excess of 5% of current value of plan assets? 27e Do the notes to the financial statements
accompanying the accountant's opinion disclose any nonexcept transactions with
parties-in-interest? 27f Did the plan engage in any nonexempt transactions
with parties-in-interest not reported on line 27e? 27g Did the plan hold qualifying employer securities
that are not publicly traded? 27h Did the plan purchase or receive any nonpublicly
traded securities that were not appraised in writing by an unrelated third party
within 3 months prior to their receipt? 27i Did any person manage plan assets who had a
financial interest worth more than 10% in any party providing services to the
plan or receive anything of value from any party providing services to the plan?
28 Did the plan acquire individual whole life insurance
contracts during the plan year?
29 During the plan year: 29a (1) Was this plan covered by a fidelity bond? If
"Yes," complete lines 29a(2) and 29a(3) 29a (2) Enter amount of bond 29a (3) Enter the name of the surety company 29b (1) Was there any loss to the plan, whether or not
reimbursed, caused by fraud or dishonesty? 29b (2) If line 29b(1) is "Yes," enter
amount of loss
30a Is the plan covered under the Pension Guaranty
Corporation termination insurance program? 30b If line 30a is "Yes," or "Not
determined," enter the EIN and the plan number used to identify it. EIN Plan number
31 Current value of plan assets and liabilities at the
beginning and end of the plan year. Combine the value of plan assets held in
more than one trust. Allocate the value of the plan's interest in a commingled
trust containing the assets of more than one plan on a line-by-line basis unless
the trust meets one of the specific exceptions described in the instructions. Do
not enter the value of the portion of an insurance contract that guarntees,
during this plan year, to pay a specific dollar benefit at a future date. Round
off amounts to the nearest dollar; any other amounts are subject to rejection.
Plan with no assets at the beginning and end of the plan year enter 0 on line 31f.
Assets 31a Total noninterest-bearing cash 31b Receivables: 31b (1) Employer contributions 31b (2) Participant contributions 31b (3) Income 31b (4) Other 31b (5) Less allowance for doubtful accounts 31b (6) Total. Add lines 31b(1) through 31b(4)
and subtract line 31b(5) 31c General Investments: 31c (1) Interest-bearing cash (including money market
funds) 31c (2) Certificates of deposit 31c (3) U.S. Government securities 31c (4) Corporate debt instruments: 31c (4) A Preferred 31c (4) B All other 31c (5) Corporate stocks: 31c (5) A Preferred 31c (5) B Common 31c (6) Partnership/joint venture interests 31c (7) Real estate: 31c (7) A Income-producing 31c (7) B Nonincome-producing 31c (8) Loans (other than to participants) secured by
mortgages: 31c (8) A Residential 31c (8) B Commercial 31c (9) Loans to participants: 31c (9) A Mortgages 31c (9) B Other 31c (10) Other loans 31c (11) Value of interest in common/collective trusts 31c (12) Value of interest in pooled separate accounts 31c (13) Value of interest in master trusts 31c (14) Value of interest in 103-12 investment
entities 31c (15) Value of interest in registered investment
companies 31c (16) Value of funds held in insurance company
general account (unallocated contracts) 31c (17) Other 31c (18) Total. Add lines 31c(1) through 31c(17) 31d Employer-related investments: 31d (1) Employer securities 31d (2) Employer real property 31e Buildings and other property used in plan
operations 31f Total assets. Add lines 31a, 31b(6),
31c(18), 31d(1), 31d(2), and 31e Liabilities 31g Benefit claims payable 31h Operating payables 31i Acquisition indebtedness 31j Other liabilities 31k Total liabilities. Add lines 31g through 31j Net assets 31l Subtract line 31k from line 31f
32 Plan income, expenses, and changes in net assets for
the plan year. Include all income and expenses of the plan, including any
trust(s) or separately maintained fund(s), and any payments/receipts to/from
insurance carriers. Round of amounts to the nearest dollar; any other
amounts are subject to rejection. Income 32a Contributions: 32a (1) Received or receivable from: 32a (1) (A) Employees 32a (1) (B) Participants 32a (1) (C) Others 32a (2) Noncash contributions. 32a (3) Total contributions. Add lines 32a(1)(A), (B),
(C) and line 32a(2) 32b Earnings on investments: 32b (1) Interest 32b (1) (A) Interest-bearing cash (including money
market funds) 32b (1) (B) Certificates of deposit 32b (1) (C) U.S. Government securities 32b (1) (D) Corporate dept instruments 32b (1) (E) Mortgage loans 32b (1) (F) Other loans 32b (1) (G) Other interest 32b (1) (H) Total interest. Add lines 32b(1)(A)
through (G) 32b (2) Dividends: 32b (2) (A) Preferred stock 32b (2) (B) Common stock 32b (2) (C) Total dividends. Add lines 32b(2)(A)
and (B) 32b (3) Rents 32b (4) Net gain (loss) on sale of assets: 32b (4) (A) Aggregate proceeds 32b (4) (B) Aggregate carrying amount 32b (4) (C) Subtract (B) from (A) and
enter result 32b (5) Unrealized appreciation (depreciation) of
assets 32b (6) Net investment gain (loss) from
common/collective trusts 32b (7) Net investment gain (loss) from pooled separate
accounts 32b (8) Net investment gain (loss) from master trusts 32b (9) Net investment gain (loss) from 103-12
investment entities 32b (10) Net investment gain (loss) from registered
investment companies 32c Other income 32d Total income. Add all amounts in column (b)
and enter total Expenses 32e Benefit payments and payments to provide benefits: 32e (1) Directly to participants or their beneficiaries 32e (2) To insurance carriers for the provision of
benefits 32e (3) Other 32e (4) Total payments. Add lines 32e(1) through
32e(3) 32f Interest expense 32g Administrative expenses: 32g (1) Salaries and allowances 32g (2) Accounting fees 32g (3) Actuarial fees 32g (4) Contract administrator fees 32g (5) Investment advisory and management fees 32g (6) Legal fees 32g (7) Valuation/appraisal fees 32g (8) Trustees fees/expenses (including travel,
seminars, meetings, etc.) 32g (9) Other 32g (10) Total administrative expenses. Add lines 32g(1)
through 32g(9) 32h Total expenses Add lines 32e(4), 32f, and 32g(10) 32i Net income (loss). Subtract line 32h from
line 32d 32j Transfers to (from) the plan 32k Net assets at beginning of year (line 31l,
column (a)) 32l Net assets at end of year (line 31l, column (b))
33 Did any employer sponsoring the plan pay any of the
administrative expenses of the plan that were not reported on line 32g?
No
No
No
No
No
No
No
BOARD
OF TRUSTEES LIUNA NATIONAL
905
16TH ST NW
WASHINGTON, DC 20006-1703
52-6074345
202-737-1664
3298
LABORS
INTERNATIONAL UNION OF NORTH
WASHINGTON, DC 20006-0000
52-6074345
- -
C-Multiemployer
Plan
LIUNA
NATIONAL INDUSTRIAL
PENSION
FUND
02/01/1967
001
No
Yes
1-Defined
benefit
No
/
/
No
9,576
10,128
19,704
4,674
6,898
31,276
793
32,069
Yes
551
Yes
10/29/1996
No
No
No
No
No
1
1
Yes
000431
0
Yes
/
/
Yes
No
No
Yes
No
No
No
/
/
No
No
No
No
Yes
12/1995
No
Yes
Yes
/
/
No
Yes
Yes
No
1
No
1-Unqualified
No
Yes
No
No
Yes
No
No
No
No
No
No
Yes
$500,000
FIDELITY
& DEPOSIT COMPANY OF MARYL
No
Yes
526074345
001
(a) Beginning of year
(b) End of year
$1,682,394
$1,885,516
$1,565,875
$1,858,296
$1,521,098
$1,900,022
$3,086,973
$3,758,318
$125,307,298
$28,301,140
$77,327,199
$123,213,087
$20,116,161
$44,846,949
$164,435,287
$244,322,723
$6,622,347
$7,650,344
$9,177,250
$14,020,319
$402,985,542
$462,354,562
$407,754,909
$467,998,396
(a) Beginning of year
(a) End of year
$378,112
$658,788
$6,402
$378,112
$665,190
(a) Beginning of year
(a) End of year
$407,376,797
$467,333,206
(a) Amount
(b) Total
$20,518,319
$71,590
$20,589,909
$2,115,318
$7,073,609
$3,075,980
$12,264,907
$2,772,736
$2,772,736
$289,070,285
$281,573,951
$7,496,334
$39,872,838
$518,615
$83,515,339
(a) Amount
(b) Total
$20,750,721
$20,750,721
$60,847
$129,939
$1,639,884
$40,502
$50,380
$886,657
$2,808,209
$23,558,930
$59,956,409
$407,376,797
$467,333,206
No
|
Name of employer/plan sponsor |
ARTHUR A COIA TRUSTEE |
|
Name of plan administrator |
ALFRED A CAVALLARO EMPLOYER TRUSTEE |
Schedule B (Form 5500) [Actuarial
Information]
Click
here for instructions relating to this form, including Statement by
Enrolled Actuary.
|
For calendar year or fiscal plan year beginning January 01, 1997 and ending December, 1997. |
|
Name of employer/plan sponsor |
BOARD OF TRUSTEES LIUNA NATIONAL |
|
Employer identification number |
52-6074345 |
|
Three-digit plan number |
001 |
|
Name of plan |
LIUNA NATIONAL INDUSTRIAL PENSION FUND |
|
Type of plan |
Multiemployer |
|
100 or fewer participants in prior plan year? |
|
Part I Basic Information
1
|
1 a Enter the actuarial valuation date: |
01/01/1997 |
| 1 b Assets: | |
|
1 b (1) Current value of assets |
$407,376,800 |
|
1 b (2) Actuarial value of assets for funding standard account |
$370,125,300 |
|
1 c |
|
|
1 c (1) Accrued liability for plans using immediate gain methods |
$447,267,800 |
|
1 c (2) Information for plans using spread gain methods: |
|
|
1 c (2) (a) Unfunded liability for methods with bases |
|
|
1 c (2) (b) Accrued liability under entry age normal method |
|
|
1 c (2) (c) Normal cost under entry age normal method |
|
|
1 d Information on current liabilities of the plan |
|
|
1 d (2) "RPA '94" information: |
|
1 d (2) (a) Current liability |
$439,568,400 |
|
1 d (2) (b) Expected increase in current liability due to benefits accruing during the plan year |
$13,294,100 |
|
1 d (2) (c) Current liability computed at highest allowable interest rate |
|
|
1 d (2) (d) Expected release from "RPA '94" current liability for the plan year |
|
1 d (3) "OBRA '87" information: |
|
1 d (3) (a) Current liability |
$401,903,800 |
|
1 d (3) (b) Expected increase in current liability due to benefits accruing during the plan year |
$12,837,600 |
|
1 d (3) (c) Expected release from "OBRA '87" current liability for the plan year |
|
1 d (4) Expected plan disbursements for the plan year |
$24,110,100 |
|
To the best of my knowledge, the information supplied in this schedule and on the accompanying statements, if any, is complete and accurate, and in my opinion each assumption used in combination, represents my best estimate of anticipated experience under the plan. Furthermore, in the case of a plan other than a multiemployer plan, each assumption used (a) is reasonable (taking into account the experience of the plan and resonable expectations) or (b) would, in the aggregate, result in a total contribution equivalent to that which would be determined in each such assumption were reasonable. In the case of a multiemployer plan, the assumptions used, in the aggregate, are reasonable (taking into account the experience of the plan and reasonable expectations). |
|
Printed or typed name of actuary. |
NICHOLAS J LACCETTI FCA MAAA |
|
Firm name |
THE SEGAL COMPANY |
|
Address of the firm |
ONE PARK AVE NY 10016-0000 |
|
Date |
06/24/1998 |
|
Most recent enrollment number |
G 96 - 2263 |
|
Telephone number |
212-251-5000 |
|
Has the actuary has not fully reflected any regulation or ruling promulgated under the statute in completing this schedule? |
No |
|
2 Operational information as of beginning of this plan year: |
|||
|
2 a Current value of the assets |
$407,376,797 |
||
| 2 b "RPA '94" current liability: |
(1) No. of Persons |
(2) Vested Benefits |
(3) Total Benefits |
|
2 b (1) For retired participants and beneficiaries receiving payments |
5,136 |
$174,353,800$62,839,400 |
$174,353,800 |
|
2 b (2) For terminated vested participants |
6,211 |
|
$62,839,400 |
|
2 b (3) For active participants |
18,086 |
$180,634,600 |
$202,375,200 |
|
2 b (4) Total |
29,433 |
|
$439,568,400 |
| 2 c If the percentage resulting from dividing line 2a by line 2b(4), column (3), is less than 70%, enter such percentage |
|
||
|
3 Contributions made to the plan for the plan year by employer(s) and employee$417,827,800s: |
||
|
3 (a) Month-Day-Year |
(b) Amount paid by employer |
(c) Amount paid by employees |
|
/ / |
$20,518,319 |
$71,590 |
|
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Total amount paid by employer |
$20,518,319 |
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Total amount paid by employees |
$71,590 |
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4 Quarterly contribution and liquidity shortfall(s): |
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4 a Plans other than multiemployer plans, enter funded current liability percentage for preceding year |
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4 b Table to be completed when line 4a is less than 100%: |
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Liquidity shortfall as of end of Quarter of this plan year |
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4 b (1) 1st |
(2) 2nd |
(3) 3rd |
(4) 4th |
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5 Actuarial cost method used as the basis for this plan year's funding standard account computation: |
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Actuarial Cost Method Code |
B-Entry age normal |
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Other cost method (specify) |
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5 i Has a change been made in funding method for this plan year? |
No |
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5 j If line i is "Yes," was the change made pursuant to Revenue Procedure 95-51 as modified by Revenue Procedure 98-10? |
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5 k If line i is "Yes," and line j is "No" enter the date of the ruling letter (individual or class) approving the change in funding method. |
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6 Checklist of certain actuarial assumptions: |
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6 a Interest rates for: |
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6 a (1) "RPA '94" current liability |
07.36% |
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6 a (2) "OBRA '87" current liability |
07.50% |
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6 b Weighted average retirement age |
61 |
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Pre-retirement? |
Post-retirement? |
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6 c Rates specified in insurance or annuity contracts |
No |
No |
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6 d Mortality table code for valuation purposes: |
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6 d (1) Males |
2 |
2 |
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6 d (2) Females |
2F |
2F |
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6 e Valuation liability interest rate |
07.50% |
07.50% |
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6 f Expense loading |
011.7% |
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Male |
Female |
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6 g Annual withdrawal rates: |
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6 g (1) Age 25 |
11.62% |
11.62% |
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6 g (2) Age 40 |
09.40% |
09.40% |
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6 g (3) Age 55 |
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6 h Salary scale |
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6 i Estimated investment return on actuarial value of assets for the year ending on the valuation date |
008.1% |
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7 New amortization bases established in the current plan year: |
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(1) Type of Base |
(2) Initial Balance |
(3) Amortization Charge/Credit |
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1 |
$1,445,900 |
$152,400 |
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3 |
$11,090,000 |
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8 Miscellaneous information: |
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8 a If a waiver of a funding deficiency or an extension of an amortization period has been approved for this plan year, enter the date of the ruling letter granting the approval |
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8 b If one or more alternative methods or rules were used for this plan year, enter the appropriate code |
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8 c Is the plan required to provide a Schedule of Active Participant Data? |
No |
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9 Funding standard account statement for this plan year: |
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Charges to funding standard account: |
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9 a Prior year funding deficiency, if any |
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9 b If one or more alternative methods or rules were used for this plan year, enter the appropriate code |
$10,983,300 |
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9 c Amortization charges as of valuation date: |
Outstanding Balance |
Total |
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9 c (1) All bases except funding waivers |
$235,109,900 |
$21,788,400 |
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9 c (2) Funding waivers |
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9 d Interest as applicable on lines 9a, 9b, and 9c |
$2,457,900 |
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9 e Additional interest charge due to late quarterly contributions, if applicable |
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9 f Additional funding charge from Part II, line 12u, if applicable |
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9 g Total charges. Add lines 9a through 9f |
$35,229,600 |
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Credits to funding standard account: |
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9 h Prior year credit balance, if any |
$97,926,800 |
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9 i Total employer contributions |
$20,518,319 |
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Outstanding Balance |
Total |
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9 j Amortization credits as a valuation date |
$60,040,600 |
$10,174,600 |
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9 k Interest as applicable to end of plan year on lines 9h, 9i, and 9j |
$8,815,400 |
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9 l Full funding limitation (FFL) and credits: |
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Outstanding Balance |
Total |
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9 l (1) ERISA FFL (accrued liability FFL) |
$200,006,600 |
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9 l (2) "ORBA '87" FFL (150% current liability FFL) |
$363,612,300 |
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9 l (3) "RPA '94" override (90% current liability FFL) |
$42,720,200 |
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9 l (4) FFL credit before reflecting "ORBA '87" FFL |
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9 l (5) Additional credit due to "ORBA '87" FFL |
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9 m (1) Waived funding deficiency |
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9 m (2) Other credits |
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9 n Total credits. Add lines 9h thru 9k, 9l(4), 9l(5), and 9m(2) |
$137,435,119 |
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9 o Credit balance: If line 9n is greater than line 9g, enter the difference |
$102,205,519 |
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9 p Funding deficiency: If line 9g is greater than line 9n, enter the difference |
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Reconciliation account: |
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9 q Current year's accumulated reconciliation account: |
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Outstanding Balance |
Total |
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9 q (1) Due to additional funding charges as of the beginning of the plan year |
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9 q (2) Due to additional interest charges as of the beginning of the plan year |
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9 q (3) Due to waived funding deficiencies: |
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9 q (3)(a) Reconciliation outstanding balance as of valuation date |
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9 q (3)(b) Reconciliation amount. Line 9c(2) balance minus line 9q(3)(a) |
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9 q (4) Total as of valuation date |
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10 Contribution necessary to avoid as accumulated funding deficiency. Enter the amount in line 9p or the amount required under the alternative funding standard account if applicable |
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11 Has a change been made in the actuarial assumptions for the current plan year? |
Yes |
Please refer to Who Must File on page 1 of the
instructions to determine if you must complete Part II.
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12 Additional required funding charge: |
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12 a Enter "Gateway %." : Line 1b(2) / line 1d(2)(c) and * 100. |
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If line 12a is at least 90%, enter 0 in line 12u. |
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If line 12a is less than 80%, go to line 12b. |
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If line 12a is >= 80% and < 90%, enter 0 in line 12u or go to line 12b. |
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12 b "RPA '94" current liability. Enter line 1d(2)(a) |
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12 c Adjusted value of assets |
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12 d Funded current liability percentage. Line 12c / 12b and * 100 |
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12 e Unfunded current liability. Subtract line 12c from line 12b |
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12 f Liability attribute to any unpredictable contingent event benefit |
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12 g Outstanding balance of unfunded old liability |
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12 h Unfunded new liability. |
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12 i Unfunded new liability amount |
of line 12h |
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12 j Unfunded old liability amount |
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12 k Deficient reduction contribution. Add lines 12i, 12j, and 1d(2)(b) |
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12 l Net charges in funding standard account used to offset the deficit reduction contribution. Enter a negative number if less than zero. |
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12 m Unpredictable contingent event amount: |
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12 m (1) Benefits paid during year attributable to unpredictable contingent event |
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12 m (2) Unfunded current liability percentage. Subtract the percentage on line 12d from 100% |
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12 m (3) Transition percentage |
60.00% |
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12 m (4) Enter the product of lines 12m(1), 12m(2), and 12m(3) |
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12 m (5) Amortization of all unpredictable contingent event liablilities |
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12 m (6) "RPA '94" additional amount |
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12 m (7) Enter the greatest lines 12m(4), 12m(5), or 12m(6) |
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