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FORM 5500 DATA

National Galvanizing, L.P. Profit Sharing and Savings Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan04/01/1994
  • Net Assets as of 12/31/2018 $8,161,270
  • Plan Number2
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants102
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits21
  • Subtotal123
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total124
  • Total number of participants as of 01/01/2018113
  • Number of participants with account balances110
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address1500 Telb
  • CityMonroe
  • StateMI
  • Zip48162-2572
  • Telephone(734) 243-1882
  • EIN38-3056910
  • Industry Code332810
  • Named AdministratorCharles Winters

Audit Information

  • Audit StatusAudited
  • AuditorFenner, Melstrom & Dooling, Plc
  • Auditor EIN38-1402622
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D 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.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? Yes $256
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $58,827
Contributions $335,966
Cash Contributions $335,966
Cash from Employers $0
Cash from Participants $335,966
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-277,139
Total Interest $-623,032
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $14,852
Interest from Other Investments $-637,884
Total Dividends $345,893
Preferred Stock $345,893
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $1,773,737
Total Benefit Payments $1,763,477
Directly to participants or beneficiaries, including direct rollovers $1,763,477
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $3,804
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $6,456
Professional Fees $0
Contract Administrator Fees $6,456
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-1,714,910
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $8,161,270 $9,890,287 -17.48%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $256 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $256 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $270,716 $334,123 -18.98%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $5,632,120 $7,492,601 -24.83%
Value of funds held in insurance co. general account $2,258,178 $2,063,563 9.43%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $14,107 -100.00%
Benefit Claims Payable (1) $0 $14,107 -100.00%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $8,161,270 $9,876,180 -17.36%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Resources Investment Advisors, Inc. Investment advisory (plan) Investment Advisor $4,651 $0 $4,651
Massachusetts Mutual Life Insurance Other services, Investment management fees paid indirectly by plan, Sub-transfer agency fees, Distribution (12b-1) fees, Recordkeeping fees, Other insurance wrap fees, Soft dollars commissions, Other investment fees and expenses Contract Administrator $1,805 $0 $1,805
First Heartland Consultants Investment advisory (plan) Investment Advisor $0 $1,729 $1,729
Resources Investment Advisors, Inc. Investment advisory (plan) Registered Invst Advisor $0 $586 $586
Ab Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Blackrock Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Blackrock Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Oppenheimer Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Pimco Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Wells Fargo Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
T. Rowe Price Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Northern Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Franklin Templeton Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Delaware Investments Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Dimenional Fund Advisors Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Total $6,456 $2,315 $8,771

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Ab Funds Ab Large Cap Growth Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fds Incm Fd of America Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fds Wld Fr and Inc Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Blackrock Blackrock Ishares Intl Ind Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Blackrock Blackrock Ishares Small Cap Ind Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Blackrock Blackrock Ishares S&P 500 Ind Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Blackrock Blackrock Ishares Us Agg Bd Ind Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Deleware Investments Delaware Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Dimensional Fund Advisors Dfa Inflation-Protected Secs Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
First Heartland Consultants Inc. Massachusetts Mutual Life Ins Co Investment advisory (plan) Plan Related Expenses $1,729
Franklin Templeton Franklin Mutual Global Discovery Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Northern Funds Northern Mid Cap Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Oppenheimer Oppenheimer Developing Markets Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Pimco Funds Total Return Fund Pimco Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Resource Investment Advisors Massachusetts Mutual Life Ins Co Investment advisory (plan) Plan Related Expenses $586
T. Rowe Price T. Rowe Price Retirement 2005 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
T. Rowe Price T. Rowe Price Retirement 2010 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
T. Rowe Price T. Rowe Price Retirement 2015 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
T. Rowe Price T. Rowe Price Retirement 2020 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
T. Rowe Price T. Rowe Price Retirement 2025 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
T. Rowe Price T. Rowe Price Retirement 2030 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
T. Rowe Price T. Rowe Price Retirement 2035 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
T. Rowe Price T. Rowe Price Retirement 2040 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
T. Rowe Price T. Rowe Price Retirement 2045 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
T. Rowe Price T. Rowe Price Retirement 2050 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
T. Rowe Price T. Rowe Price Retirement 2055 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
T. Rowe Price T. Rowe Price Retirement 2060 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Growth Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Small Capgrowth Index Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Small-Cap Value Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Wells Fargo Wells Fargo Core Bond Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Wells Fargo Wells Fargo Special Mid Cap Val Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Ab Large Cap Growth Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co American Fnds Cap Wld Gr and Inc Fd Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Deleware Value Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Fixed Interest Sacic Investment management fees paid indirectly by plan, Other insurance wrap fees, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Franklin Mutual Global Discovery Fd Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Millennium Trust Company LLC Other services Referral Fee $0
Massachusetts Mutual Life Ins Co Mm Select T.Rowe Price Rtmt 2005 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Mm Select T.Rowe Price Rtmt 2010 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Mm Select T.Rowe Price Rtmt 2015 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Mm Select T.Rowe Price Rtmt 2020 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Mm Select T.Rowe Price Rtmt 2025 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Mm Select T.Rowe Price Rtmt 2030 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Mm Select T.Rowe Price Rtmt 2035 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Mm Select T.Rowe Price Rtmt 2040 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Mm Select T.Rowe Price Rtmt 2045 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Mm Select T.Rowe Price Rtmt 2050 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Mm Select T.Rowe Price Rtmt 2055 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Mm Select T.Rowe Price Rtmt 2060 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Northern Mid Cap Index Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Oppenheimer Developing Markets Fd Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Prem Us Govt Mny Mkt Fd Barings Investment management fees paid indirectly by plan, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Prm Oppenheimer Fds Sm Cp Opp Fd Investment management fees paid indirectly by plan, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Sel Gr Opportunities Fd Sandsjsp Investment management fees paid indirectly by plan, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Select Mid Cap Gr Fd Trpfrontier Investment management fees paid indirectly by plan, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Total Return Fund Pimco Sub-transfer agency fees, Distribution (12b-1) fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Wells Fargo Special Mid Cap Val Fd Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins Co Wells Fargo Core Bond Fund Sub-transfer agency fees Basis Points * Plan Assets $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 110
EIN 04-1590850
Industry Code 65935
Contract Number MR 60343-9
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract GROUP ANNUITY CONTRACT
Balance at the end of the previous year $2,063,562
Additions $458,195
Contributions Deposited during the year $69,175
Dividends and credits $0
Interest credited during the year $79,016
Transferred from separate account $275,570
Other $34,434
Total of Balance and Additions $2,521,757
Deductions $263,579
Disbursed from fund to pay benefits or purchase annuities during the year $255,611
Administration charge made by carrier $152
Transferred to Separate Account $0
Other $7,816
Balance at the end of the current year $2,258,178