GRIFFON AEROSPACE INC

106 COMMERCE CIR
MADISON, AL 35758

Business Stats

Policy History

Term Carrier Premium LCM
2022

0.850
2022

1.125
2022

-
2021

0.850
2021

1.125
2021

-
2020

1.125
2020

-

Contacts

FAFU QPTLFE
Benefits Admin
(990) 519-3534
vymbytc@nosqhsruapjerzjb.bec

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 4,406,338 $ 8,554,601 $ 7,393,235 $ 7,919,914 $ 357,248 $ 3,815,235 $ 8,263,530 $ 5,499,663 $ 916,238 $ 911,485 $ 604,966 $ 36,804
Liabilities: $ 0 $ 4 $ 4 $ 3 $ 7 $ 94 $ 201 $ 798
EE Contrib: $ 431,356 $ 584,764 $ 67,323 $ 204,016 $ 840,512 $ 882,376 $ 894,330 $ 302,374 $ 405,970 $ 730,472 $ 83,317 $ 55,038
Emp Contrib: $ 296,618 $ 330,672 $ 280,694 $ 10,619 $ 669,942 $ 50,708 $ 19,883 $ 14,863 $ 39,740 $ 22,730 $ 76,782 $ 15,127
Income/Loss: $ 741,940 $ 53,998 $ 416,528($ 591,772) $ 561,869 $ 346,785($ 117) $ 14,867 $ 982,198 $ 21,279($ 61,319) $ 13,036
Total Income: $ 1,469,914 $ 5,812,913 $ 457,973 $ 356,126 $ 468,116 $ 585,903 $ 925,268 $ 712,760 $ 820,156 $ 608,960 $ 371,576 $ 740,585
Paid Benefits: $ 140,249 $ 34,820 $ 6,003 $ 280,257 $ 859,283 $ 699,781 $ 9,581 $ 74 $ 4,901 $ 133,348 $ 30,613 $ 78,833
Expenses: $ 0 $ 62,559 $ 34 $ 256 $ 95 $ 24 $ 37 $ 9,950 $ 6,679 $ 8,346 $ 2,900 $ 1,958
  Commission: $ 31,127 $ 4 $ 1 $ 1 $ 4
Net Income: $ 1,298,538 $ 8,203,313 $ 7,512,841 $ 66,778 $ 945,271 $ 796,541 $ 895,919 $ 148,522 $ 854,887 $ 515,848 $ 16,425 $ 503,440
Net Assets: $ 5,704,876 $ 2,576,466 $ 4,944,991 $ 9,550,592 $ 7,765,300 $ 2,841,842 $ 5,686,494 $ 385,734 $ 9,751,854 $ 678,871 $ 41,576 $ 729,698

Participants

202120202019201820172016201520142013201220112010
Total Participants:125324051428506272988252924
Active Part.:11151400838099741852da41
Retired Part.:168391bac57bc2418810
Deceased Part.:83443885ecfeed631905e

Insurance

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Renewal:12-31-2021
Covered:144
PENSION_EOY_SEP_ACCT_AMT: 5688716PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 17,485
Fees $ 14,359
Brokers

Providers

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Features

    2E - Profit-sharing

    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 - Stock bonusCode 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.

    3D - Pre-approved pension plan - A master, prototype, or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.


OSHA

Motor Carrier