Wellman Industries, Inc. Hourly Employees' Pension Plan — Form 5500 plan (Alpek Polyester Mississippi, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Wellman Industries, Inc. Hourly Employees' Pension Plan is a benefit plan reported by Alpek Polyester Mississippi, Inc. under EIN 64-0877945 and plan number 001. The latest loaded filing year is 2023. The filing reports 420 participants and $0 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$0Plan net assets, end of year
Participants420Covered participants reported
Assets / participant$0Computed: assets ÷ participants$0 (computed)
Provider compensation$44.7K1 Schedule C provider row(s)$44,678
- Plan sponsor
- Alpek Polyester Mississippi, Inc.
- EIN
- 64-0877945
- Plan number
- 001
- Plan type
- 2
- Location
- Charlotte, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 420 | H, C | 20250120174457NAL0003679248001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Full reported line items
Net assets
- Total assets (EOY)
- $0
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $0
- Net assets (BOY)
- $7,222,865
Income & contributions
- Total contributions
- $0
- Total income / additions
- $223,053
Expenses & distributions
- Benefits paid
- $7,367,292
- Administrative expenses
- $78,626
- Total expenses
- $7,445,918
- Net increase / (decrease)
- -$7,222,865
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
Benefits paid ÷ total income3303%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $44,678 | $0 | 2023 |