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Filing

Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees

Pre-Finish Metals Inc. • EIN 36-2255657 • Plan year 2002

Filing Insights

Participants

Down

210 → 122

-88 • -41.90%

Assets

Down

$2,953,011 → $2,645,674

-$307,337 • -10.41%

Investment Management Fee

0.00%

$0

Admin expenses $0 • Total expenses $130,386

Filing Details

Context
Net investment result
$-307,337

Status Flags

Fidelity bond in place

Yes

Limited-scope audit performed

Not reported

Contributions transmitted on time

No

Participant loans in default

No

Leases in default

No

Reportable party-in-interest issues

No

Loss discovered during year

No

Assets with undetermined value

No

Non-cash contributions

No

Assets held for investment

Yes

5% transactions reported

No

All plan assets distributed

No

Benefits paid when due

Not reported

Plan blackout period

Not reported

Plan termination resolution adopted

No

Counterparties
ProviderServicesLocationDirect CompensationRelated
DELOITTE & TOUCHE, LLPEIN 13-5133500Accountant--

Company Timeline

This filing is highlighted inside the broader sponsor history.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
201720$0$0-
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-0---
Msc Merged Pension Plan-0---
2016220$12,047,539$0-
Msc Merged Pension Plan-0$7,136,917--
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-20$4,910,622--
2015226$11,841,739$0-
Msc Merged Pension Plan-0$7,005,994--
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-26$4,835,745--
2014232$12,756,251$413,173$12,912iApproximate average salary by contribution assumption: employee only about $322,791 at 4% or $215,194 at 6%; with 50% employer match about $215,194 at 4% or $143,463 at 6%; with 100% employer match about $161,396 at 4% or $107,597 at 6%.
Msc Merged Pension Plan-0$7,547,553$413,173-
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-32$5,208,698--
2013138$5,225,841$729,926$19,209iApproximate average salary by contribution assumption: employee only about $480,214 at 4% or $320,143 at 6%; with 50% employer match about $320,143 at 4% or $213,429 at 6%; with 100% employer match about $240,107 at 4% or $160,071 at 6%.
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-38$5,225,841$729,926$19,209iApproximate average salary by contribution assumption: employee only about $480,214 at 4% or $320,143 at 6%; with 50% employer match about $320,143 at 4% or $213,429 at 6%; with 100% employer match about $240,107 at 4% or $160,071 at 6%.
2012140$4,034,455$107,055$2,676iApproximate average salary by contribution assumption: employee only about $66,909 at 4% or $44,606 at 6%; with 50% employer match about $44,606 at 4% or $29,738 at 6%; with 100% employer match about $33,455 at 4% or $22,303 at 6%.
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-40$4,034,455$107,055$2,676iApproximate average salary by contribution assumption: employee only about $66,909 at 4% or $44,606 at 6%; with 50% employer match about $44,606 at 4% or $29,738 at 6%; with 100% employer match about $33,455 at 4% or $22,303 at 6%.
2011141$3,617,633$200,453$4,889iApproximate average salary by contribution assumption: employee only about $122,227 at 4% or $81,485 at 6%; with 50% employer match about $81,485 at 4% or $54,323 at 6%; with 100% employer match about $61,114 at 4% or $40,742 at 6%.
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-41$3,617,633$200,453$4,889iApproximate average salary by contribution assumption: employee only about $122,227 at 4% or $81,485 at 6%; with 50% employer match about $81,485 at 4% or $54,323 at 6%; with 100% employer match about $61,114 at 4% or $40,742 at 6%.
2010142$3,615,703$130,978$3,119iApproximate average salary by contribution assumption: employee only about $77,963 at 4% or $51,975 at 6%; with 50% employer match about $51,975 at 4% or $34,650 at 6%; with 100% employer match about $38,982 at 4% or $25,988 at 6%.
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-42$3,615,703$130,978$3,119iApproximate average salary by contribution assumption: employee only about $77,963 at 4% or $51,975 at 6%; with 50% employer match about $51,975 at 4% or $34,650 at 6%; with 100% employer match about $38,982 at 4% or $25,988 at 6%.
2009169$3,254,710$48,899$709iApproximate average salary by contribution assumption: employee only about $17,717 at 4% or $11,811 at 6%; with 50% employer match about $11,811 at 4% or $7,874 at 6%; with 100% employer match about $8,859 at 4% or $5,906 at 6%.
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-69$3,254,710$48,899$709iApproximate average salary by contribution assumption: employee only about $17,717 at 4% or $11,811 at 6%; with 50% employer match about $11,811 at 4% or $7,874 at 6%; with 100% employer match about $8,859 at 4% or $5,906 at 6%.
2008271$8,414,908$458,846$6,463iApproximate average salary by contribution assumption: employee only about $161,565 at 4% or $107,710 at 6%; with 50% employer match about $107,710 at 4% or $71,807 at 6%; with 100% employer match about $80,783 at 4% or $53,855 at 6%.
MATERIAL SCIENCES CORPORATION MASTER TRUST-0$5,762,820$458,846-
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-71$2,652,088--
2007276$11,924,852$103,422$1,361iApproximate average salary by contribution assumption: employee only about $34,020 at 4% or $22,680 at 6%; with 50% employer match about $22,680 at 4% or $15,120 at 6%; with 100% employer match about $17,010 at 4% or $11,340 at 6%.
MATERIAL SCIENCES CORPORATION MASTER TRUST-0$7,982,605--
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-76$3,942,247$103,422$1,361iApproximate average salary by contribution assumption: employee only about $34,020 at 4% or $22,680 at 6%; with 50% employer match about $22,680 at 4% or $15,120 at 6%; with 100% employer match about $17,010 at 4% or $11,340 at 6%.
2006284$28,352,726$0-
MATERIAL SCIENCES CORPORATION MASTER TRUST-0$24,634,849--
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-84$3,717,877--
20052111$26,019,573$744,786$6,710iApproximate average salary by contribution assumption: employee only about $167,745 at 4% or $111,830 at 6%; with 50% employer match about $111,830 at 4% or $74,553 at 6%; with 100% employer match about $83,872 at 4% or $55,915 at 6%.
MATERIAL SCIENCES CORPORATION MASTER TRUST-0$22,543,196$744,786-
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-111$3,476,377--
20042111$0$0-
MATERIAL SCIENCES CORPORATION MASTER TRUST-0---
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-111---
20032116$25,669,604$1,226,302$10,572iApproximate average salary by contribution assumption: employee only about $264,289 at 4% or $176,193 at 6%; with 50% employer match about $176,193 at 4% or $117,462 at 6%; with 100% employer match about $132,145 at 4% or $88,096 at 6%.
MATERIAL SCIENCES CORPORATION MASTER TRUST-0$22,610,811$1,226,302-
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-116$3,058,793--
20022122$2,645,674$0-
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid EmployeesCurrent122$2,645,674--
MATERIAL SCIENCES CORPORATION MASTER TRUST-0---
20012126$2,953,011$0-
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-126$2,953,011--
MATERIAL SCIENCES CORPORATION MASTER TRUST-0---
20002134$0$0-
MATERIAL SCIENCES CORPORATION MASTER TRUST-0---
Pre-Finish Metals Inc. Pension Plan for Hourly-Paid Employees-134---
199910$20,272,637$1,997,321-
Material Sciences Corporation Master Trust-0$20,272,637$1,997,321-
Schedule Details

Schedule D

Row 1
Filing Id
91037089037294
Page Id
1
Page Seq
0
Page Row Num
1
Row Num
0
Image Form Id
2040374005458060003
DFE P1 Entity 01 Name
MATERIAL SCIENCES CORP MASTER TRUST
DFE P1 Spons 01 Name
HARRIS BANK
DFE P1 Plan 01 EIN Plan number
362255657002
DFE P1 Entity 01 Code
M
DFE P1 Plan Interest End of year 01 Amount
$2,645,674
Row 2
Filing Id
91037089037294
Page Id
1
Page Seq
0
Page Row Num
1
Row Num
0
Image Form Id
2040374005458060003
Row 3
Filing Id
91037089037294
Schedule D EIN
36-2255657
Schedule D Plan number
002
Schedule D Plan Year Begin Date
2002-01-01
Schedule D Tax Period
20021231

Schedule H

Schedule H Financial Statement

Large plan result

Assets, contributions, fees, audit, and compliance fields reported for this large-plan filing.

End-of-year assets$2,645,674-$307,337 change

Balance Sheet

Beginning and end of plan year.

Total assets$2,953,011$2,645,674Decrease -$307,337 (-10.41%)
Total liabilities$0$0No change $0
Net assets$2,953,011$2,645,674Decrease -$307,337 (-10.41%)

Contributions

Employer contributions$0
Participant contributions$0
Other contributions$0
Total contributions$0

Income & Investment Result

Total income$-176,951
Interest$0
Dividends$0
Net income$-307,337

Expenses & Fees

Benefits paid$130,386
Investment management$0
Administrative expenses$0
Total expenses$130,386

Accountant

FirmDELOITTE & TOUCHE, LLP
Firm EIN13-5133500

Compliance

Fidelity bondYes
Fidelity bond amount$2,000,000
Participant loans$0
Late contributionsNo
Schedule H source fields
Financial summary
Total assets at beginning of year: $2,953,011Total assets at end of year: $2,645,674Total liabilities at end of year: $0Net income or loss: $-307,337
Filing Id
91037089037294
Schedule H EIN
36-2255657
Schedule H Plan number
002
Schedule H Plan Year Begin Date
2002-01-01
Schedule H Tax Period
20021231
Non Interest Bear Cash Beginning of year Amount
$0
Employer Contribution Beginning of year Amount
$0
Participants Contribution Beginning of year Amount
$0
Other Receivables Beginning of year Amount
$0
Interest Bear Cash Beginning of year Amount
$0
Govt Sec Beginning of year Amount
$0
Corp Debt Preferred Beginning of year Amount
$0
Corp Debt Other Beginning of year Amount
$0
Pref Stock Beginning of year Amount
$0
Common Stock Beginning of year Amount
$0
Joint Venture Beginning of year Amount
$0
Real Estate Beginning of year Amount
$0
Other Loans Beginning of year Amount
$0
Participant loans at beginning of year
$0
Interest Common Tr Beginning of year Amount
$0
Interest Pool Sep Account Beginning of year Amount
$0
Interest Master Tr Beginning of year Amount
$2,953,011
Interest 103 12 Investment Beginning of year Amount
$0
Interest in registered investment companies at beginning of year
$0
Ins Co Gen Account Beginning of year Amount
$0
Oth Investment Beginning of year Amount
$0
Employer Sec Beginning of year Amount
$0
Employer Prop Beginning of year Amount
$0
Bldgs Used Beginning of year Amount
$0
Total assets at beginning of year
$2,953,011
Bnfts Payable Beginning of year Amount
$0
Oprtng Payable Beginning of year Amount
$0
Acquis Indbt Beginning of year Amount
$0
Other Liability Beginning of year Amount
$0
Total liabilities at beginning of year
$0
Net assets at beginning of year
$2,953,011
Non Interest Bear Cash End of year Amount
$0
Employer Contribution End of year Amount
$0
Participants Contribution End of year Amount
$0
Other Receivables End of year Amount
$0
Interest Bear Cash End of year Amount
$0
Govt Sec End of year Amount
$0
Corp Debt Preferred End of year Amount
$0
Corp Debt Other End of year Amount
$0
Pref Stock End of year Amount
$0
Common Stock End of year Amount
$0
Joint Venture End of year Amount
$0
Real Estate End of year Amount
$0
Other Loans End of year Amount
$0
Participant loans at end of year
$0
Interest Common Tr End of year Amount
$0
Interest Pool Sep Account End of year Amount
$0
Interest Master Tr End of year Amount
$2,645,674
Interest 103 12 Investment End of year Amount
$0
Interest in registered investment companies at end of year
$0
Ins Co Gen Account End of year Amount
$0
Oth Investment End of year Amount
$0
Employer Sec End of year Amount
$0
Employer Prop End of year Amount
$0
Bldgs Used End of year Amount
$0
Total assets at end of year
$2,645,674
Bnfts Payable End of year Amount
$0
Oprtng Payable End of year Amount
$0
Acquis Indbt End of year Amount
$0
Other Liability End of year Amount
$0
Total liabilities at end of year
$0
Net assets at end of year
$2,645,674
Employer contributions
$0
Participant contributions
$0
Oth Contribution Rcvd Amount
$0
Non Cash Contribution Bs Amount
$0
Total contributions
$0
Interest Bear Cash Amount
$0
Interest On Govt Sec Amount
$0
Interest On Corp Debt Amount
$0
Interest On Oth Loans Amount
$0
Interest on participant loans
$0
Interest On Oth Investment Amount
$0
Total interest income
$0
Divnd Pref Stock Amount
$0
Divnd Common Stock Amount
$0
Total dividend income
$0
Total Rents Amount
$0
Aggregate Proceeds Amount
$0
Aggregate Costs Amount
$0
Net gain or loss on sale of assets
$0
Unrealized Apprctn Re Amount
$0
Unrealized Apprctn Oth Amount
$0
Net unrealized appreciation or depreciation
$0
Gain Loss Com Trust Amount
$0
Gain Loss Pool Sep Amount
$0
Gain Loss Master Tr Amount
$-176,951
Gain Loss 103 12 Investment Amount
$0
Gain or loss on registered investments
$0
Other Income Amount
$0
Total income
$-176,951
Participant distributions
$130,386
Ins Carrier Bnfts Amount
$0
Oth Bnft Payment Amount
$0
Total benefit distributions
$130,386
Total Corrective Distribution Amount
$0
Total Dm Distribution Ptcp Lns A
0
Total Interest Expense Amount
$0
Professional Fees Amount
$0
Contract Admin Fees Amount
$0
Investment management fees
$0
Other Admin Fees Amount
$0
Total administrative expenses
$0
Total expenses
$130,386
Net income or loss
$-307,337
Total Transfers To Amount
$0
Transfers from other plans
$0
Accountant Opinion Type Indicator
3
Account Performed Limited Audit Indicator
Yes
Accountant firm name
DELOITTE & TOUCHE, LLP
Accountant firm EIN
13-5133500
Failed to transmit participant contributions on time
No
Fail Transmit Contribution Amount
$0
Participant loans in default
No
Loans In Default Amount
$0
Leases in default
No
Leases In Default Amount
$0
Nonexempt transactions with parties in interest
No
Party In Interest Not Reported Amount
$0
Fidelity bond in place
Yes
Fidelity bond amount
$2,000,000
Loss discovered during year
No
Loss Discovered Dur Year Amount
$0
Assets with undetermined value
No
Asset Undeterm Valuation Amount
$0
Non-cash contributions reported
No
Non Cash Contribution Amount
$0
Assets held for investment
Yes
Reportable 5% transactions
No
All plan assets distributed
No
Resolution to terminate plan adopted
No
Res Terminate Plan Adpt Amount
$0