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THE KENERGY CORP SAVINGS & RETIREMENT PLAN 401k Plan overview

Plan NameTHE KENERGY CORP SAVINGS & RETIREMENT PLAN
Plan identification number 002

THE KENERGY CORP SAVINGS & RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • 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

KENERGY has sponsored the creation of one or more 401k plans.

Company Name:KENERGY
Employer identification number (EIN):611345109
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE KENERGY CORP SAVINGS & RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022011-01-01KEITH ELLIS
0022010-01-01KEITH ELLIS
0022009-01-01KEITH ELLIS

Plan Statistics for THE KENERGY CORP SAVINGS & RETIREMENT PLAN

401k plan membership statisitcs for THE KENERGY CORP SAVINGS & RETIREMENT PLAN

Measure Date Value
2011: THE KENERGY CORP SAVINGS & RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01108
Total number of active participants reported on line 7a of the Form 55002011-01-010
Total of all active and inactive participants2011-01-010
Total participants2011-01-010
Number of participants with account balances2011-01-010
2010: THE KENERGY CORP SAVINGS & RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01108
Total number of active participants reported on line 7a of the Form 55002010-01-01101
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-016
Total of all active and inactive participants2010-01-01107
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-011
Total participants2010-01-01108
Number of participants with account balances2010-01-01108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-011
2009: THE KENERGY CORP SAVINGS & RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01111
Total number of active participants reported on line 7a of the Form 55002009-01-01103
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-015
Total of all active and inactive participants2009-01-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01108
Number of participants with account balances2009-01-01108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on THE KENERGY CORP SAVINGS & RETIREMENT PLAN

Measure Date Value
2011 : THE KENERGY CORP SAVINGS & RETIREMENT PLAN 2011 401k financial data
Total transfer of assets from this plan2011-08-31$19,155,733
Total income from all sources (including contributions)2011-08-31$-71,229
Total of all expenses incurred2011-08-31$614,908
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-08-31$609,708
Value of total corrective distributions2011-08-31$4,418
Value of total assets at end of year2011-08-31$0
Value of total assets at beginning of year2011-08-31$19,841,870
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-08-31$782
Total interest from all sources2011-08-31$95,868
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-08-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-08-31$0
Was this plan covered by a fidelity bond2011-08-31Yes
Value of fidelity bond cover2011-08-31$500,000
If this is an individual account plan, was there a blackout period2011-08-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-08-31$0
Were there any nonexempt tranactions with any party-in-interest2011-08-31No
Participant contributions at end of year2011-08-31$0
Participant contributions at beginning of year2011-08-31$227,539
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-08-31$147
Administrative expenses (other) incurred2011-08-31$782
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-08-31No
Value of net income/loss2011-08-31$-686,137
Value of net assets at end of year (total assets less liabilities)2011-08-31$0
Value of net assets at beginning of year (total assets less liabilities)2011-08-31$19,841,870
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-08-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-08-31No
Were any leases to which the plan was party in default or uncollectible2011-08-31No
Value of interest in pooled separate accounts at end of year2011-08-31$0
Value of interest in pooled separate accounts at beginning of year2011-08-31$14,201,396
Interest on participant loans2011-08-31$6,394
Interest earned on other investments2011-08-31$89,474
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-08-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-08-31$5,412,788
Net investment gain/loss from pooled separate accounts2011-08-31$-167,097
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-08-31No
Was there a failure to transmit to the plan any participant contributions2011-08-31No
Has the plan failed to provide any benefit when due under the plan2011-08-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-08-31$609,708
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-08-31No
Did the plan have assets held for investment2011-08-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-08-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-08-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-08-31Yes
Opinion of an independent qualified public accountant for this plan2011-08-31Disclaimer
Accountancy firm name2011-08-31MCELROY, MITCHELL & ASSOCIATES, LLP
Accountancy firm EIN2011-08-31611457054
2010 : THE KENERGY CORP SAVINGS & RETIREMENT PLAN 2010 401k financial data
Total income from all sources (including contributions)2010-12-31$3,123,483
Total of all expenses incurred2010-12-31$413,512
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$412,687
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,115,973
Value of total assets at end of year2010-12-31$19,841,870
Value of total assets at beginning of year2010-12-31$17,131,899
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$825
Total interest from all sources2010-12-31$174,697
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$505,166
Participant contributions at end of year2010-12-31$227,539
Participant contributions at beginning of year2010-12-31$239,713
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$147
Administrative expenses (other) incurred2010-12-31$825
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$2,709,971
Value of net assets at end of year (total assets less liabilities)2010-12-31$19,841,870
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$17,131,899
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in pooled separate accounts at end of year2010-12-31$14,201,396
Value of interest in pooled separate accounts at beginning of year2010-12-31$12,638,616
Interest on participant loans2010-12-31$15,568
Interest earned on other investments2010-12-31$159,129
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$5,412,788
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$4,253,570
Net investment gain/loss from pooled separate accounts2010-12-31$1,832,813
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$610,807
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$412,687
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31MCELROY, MITCHELL & ASSOCIATES, LLP
Accountancy firm EIN2010-12-31611457054
2009 : THE KENERGY CORP SAVINGS & RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for THE KENERGY CORP SAVINGS & RETIREMENT PLAN

2011: THE KENERGY CORP SAVINGS & RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01This submission is the final filingYes
2011-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: THE KENERGY CORP SAVINGS & RETIREMENT PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan is a collectively bargained planYes
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: THE KENERGY CORP SAVINGS & RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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