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K & L GRINDING & MACHINE COMPANY 401(K) PROFIT SHARING PLAN AND 401k Plan overview

Plan NameK & L GRINDING & MACHINE COMPANY 401(K) PROFIT SHARING PLAN AND
Plan identification number 001

K & L GRINDING & MACHINE COMPANY 401(K) PROFIT SHARING PLAN AND Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • 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.
  • 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 contribtions 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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.

401k Sponsoring company profile

K & L GRINDING & MACHINING COMPA has sponsored the creation of one or more 401k plans.

Company Name:K & L GRINDING & MACHINING COMPA
Employer identification number (EIN):411590847
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan K & L GRINDING & MACHINE COMPANY 401(K) PROFIT SHARING PLAN AND

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01KIM THOMPSON2024-07-31
0012022-01-01KIM THOMPSON2023-04-07
0012021-01-01EDWARD ROJAS2022-06-10
0012020-01-01KIM THOMPSON2021-05-11
0012019-01-01EDWARD ROJAS2020-09-17
0012019-01-01
0012019-01-01KIM THOMPSON2021-03-25
0012018-01-01KIM THOMPSON2019-05-25
0012017-01-01KIM THOMPSON2018-06-12
0012016-01-01KIM THOMPSON2017-06-13
0012014-01-01JASON THOMPSON2015-06-04

Plan Statistics for K & L GRINDING & MACHINE COMPANY 401(K) PROFIT SHARING PLAN AND

401k plan membership statisitcs for K & L GRINDING & MACHINE COMPANY 401(K) PROFIT SHARING PLAN AND

Measure Date Value
2019: K & L GRINDING & MACHINE COMPANY 401(K) PROFIT SHARING PLAN AND 2019 401k membership
Total participants, beginning-of-year2019-01-015
Total number of active participants reported on line 7a of the Form 55002019-01-014
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-011
Total of all active and inactive participants2019-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-015
Number of participants with account balances2019-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on K & L GRINDING & MACHINE COMPANY 401(K) PROFIT SHARING PLAN AND

Measure Date Value
2019 : K & L GRINDING & MACHINE COMPANY 401(K) PROFIT SHARING PLAN AND 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$178,593
Expenses. Total of all expenses incurred2019-12-31$718
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$177,875
Total plan assets at beginning of year2019-12-31$0
Value of fidelity bond covering the plan2019-12-31$20,000
Total contributions received or receivable from participants2019-12-31$30,449
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$137,366
Net income (gross income less expenses)2019-12-31$177,875
Net plan assets at end of year (total assets less liabilities)2019-12-31$177,875
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$0
Total contributions received or receivable from employer(s)2019-12-31$10,778
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$718

Form 5500 Responses for K & L GRINDING & MACHINE COMPANY 401(K) PROFIT SHARING PLAN AND

2019: K & L GRINDING & MACHINE COMPANY 401(K) PROFIT SHARING PLAN AND 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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