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KSB INC. 401(K) PLAN 401k Plan overview

Plan NameKSB INC. 401(K) PLAN
Plan identification number 002

KSB INC. 401(K) PLAN 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:KSB INC.
Employer identification number (EIN):112332980
NAIC Classification:332900

Additional information about KSB INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1974-07-05
Company Identification Number: 347260
Legal Registered Office Address: 4415 SARELLEN RD
Suffolk
HENRICO
United States of America (USA)
23231

More information about KSB INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KSB INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01DIANA CORDLE2024-04-17 DIANA CORDLE2024-04-17
0022022-01-01DIANA CORDLE2023-04-20 DIANA CORDLE2023-04-20
0022021-01-01DIANA CORDLE2022-04-19 DIANA CORDLE2022-04-19
0022020-01-01
0022019-01-01

Financial Data on KSB INC. 401(K) PLAN

Measure Date Value
2025 : KSB INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-04-140
Total liabilities as of the end of the plan year2025-04-140
Total liabilities as of the beginning of the plan year2025-04-140
Total expenses incurred by plan in this plan year2025-04-141619469
Net assets as of the end of the plan year2025-04-1425012047
Total assets as of the beginning of the plan year2025-04-1420369804
Value of plan covered by a fidelity bond2025-04-14500000
Participant contributions to plan in this plan year2025-04-14744623
Value of participant loans at end of plan year2025-04-14207439
Other expenses paid from plan in this plan year2025-04-140
Other contributions to plan in this plan year2025-04-141088932
Other income to plan in this plan year2025-04-143367521
Plan net income in this plan year2025-04-144642243
Net assets as of the end of the plan year2025-04-1425012047
Net assets as of the beginning of the plan year2025-04-1420369804
Employer contributions to plan in this plan year2025-04-141060636
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-1459819
2024 : KSB INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-170
Total liabilities as of the end of the plan year2024-04-170
Total liabilities as of the beginning of the plan year2024-04-170
Total expenses incurred by plan in this plan year2024-04-171082162
Net assets as of the end of the plan year2024-04-1720369804
Total assets as of the beginning of the plan year2024-04-1716879400
Value of plan covered by a fidelity bond2024-04-17500000
Participant contributions to plan in this plan year2024-04-17573744
Value of participant loans at end of plan year2024-04-17142236
Other expenses paid from plan in this plan year2024-04-170
Other contributions to plan in this plan year2024-04-1710172
Other income to plan in this plan year2024-04-173244139
Plan net income in this plan year2024-04-173490404
Net assets as of the end of the plan year2024-04-1720369804
Net assets as of the beginning of the plan year2024-04-1716879400
Employer contributions to plan in this plan year2024-04-17744511
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-1747821
2022 : KSB INC. 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-04-19-2503
Total liabilities as of the end of the plan year2022-04-190
Total liabilities as of the beginning of the plan year2022-04-190
Total expenses incurred by plan in this plan year2022-04-192127776
Net assets as of the end of the plan year2022-04-1920071269
Total assets as of the beginning of the plan year2022-04-1918017406
Value of plan covered by a fidelity bond2022-04-19500000
Participant contributions to plan in this plan year2022-04-19469741
Value of participant loans at end of plan year2022-04-19101196
Other expenses paid from plan in this plan year2022-04-190
Other contributions to plan in this plan year2022-04-19579995
Other income to plan in this plan year2022-04-192507468
Plan net income in this plan year2022-04-192056366
Net assets as of the end of the plan year2022-04-1920071269
Net assets as of the beginning of the plan year2022-04-1918017406
Employer contributions to plan in this plan year2022-04-19626938
Expensese paid to adminstrative service provicers from plan in this plan year2022-04-1951504
2020 : KSB INC. 401(K) PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$0
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$3,264,768
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$2,910,586
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$2,866,539
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,115,403
Value of total assets at end of year2020-12-31$18,017,406
Value of total assets at beginning of year2020-12-31$17,663,224
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$44,047
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$37,598
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$204,571
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$204,571
Administrative expenses professional fees incurred2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Amount of non-exempt transactions with any party-in-interest2020-12-31$0
Contributions received from participants2020-12-31$476,962
Participant contributions at end of year2020-12-31$121,441
Participant contributions at beginning of year2020-12-31$67,496
Participant contributions at end of year2020-12-31$12,216
Participant contributions at beginning of year2020-12-31$13,723
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$44,998
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$0
Other income not declared elsewhere2020-12-31$279
Administrative expenses (other) incurred2020-12-31$0
Liabilities. Value of operating payables at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$354,182
Value of net assets at end of year (total assets less liabilities)2020-12-31$18,017,406
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$17,663,224
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2020-12-31$0
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2020-12-31$0
Investment advisory and management fees2020-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$15,359,400
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$15,121,338
Interest on participant loans2020-12-31$4,148
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$33,450
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Value of interest in common/collective trusts at end of year2020-12-31$2,099,025
Value of interest in common/collective trusts at beginning of year2020-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$2,048,703
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,822,162
Net investment gain/loss from pooled separate accounts2020-12-31$0
Net investment gain or loss from common/collective trusts2020-12-31$84,755
Net gain/loss from 103.12 investment entities2020-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$593,443
Employer contributions (assets) at end of year2020-12-31$425,324
Employer contributions (assets) at beginning of year2020-12-31$411,964
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$2,866,539
Contract administrator fees2020-12-31$44,047
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$0
Aggregate carrying amount (costs) on sale of assets2020-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31HARPER & PEARSON COMPANY, P.C.
Accountancy firm EIN2020-12-31741695589
2019 : KSB INC. 401(K) PLAN 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets2019-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$4,206,478
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$535,281
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$487,407
Expenses. Certain deemed distributions of participant loans2019-12-31$0
Value of total corrective distributions2019-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,010,893
Value of total assets at end of year2019-12-31$17,663,224
Value of total assets at beginning of year2019-12-31$13,992,027
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$47,874
Total income from rents2019-12-31$0
Total interest from all sources2019-12-31$37,338
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$226,879
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$226,879
Administrative expenses professional fees incurred2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Amount of non-exempt transactions with any party-in-interest2019-12-31$0
Contributions received from participants2019-12-31$418,567
Participant contributions at end of year2019-12-31$67,496
Participant contributions at beginning of year2019-12-31$117,865
Participant contributions at end of year2019-12-31$13,723
Participant contributions at beginning of year2019-12-31$12,311
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$34,785
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
Other income not declared elsewhere2019-12-31$500
Administrative expenses (other) incurred2019-12-31$0
Liabilities. Value of operating payables at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$3,671,197
Value of net assets at end of year (total assets less liabilities)2019-12-31$17,663,224
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$13,992,027
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2019-12-31$0
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2019-12-31$0
Investment advisory and management fees2019-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$15,121,338
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$11,716,778
Interest on participant loans2019-12-31$4,767
Income. Interest from loans (other than to participants)2019-12-31$0
Interest earned on other investments2019-12-31$32,571
Income. Interest from US Government securities2019-12-31$0
Income. Interest from corporate debt instruments2019-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$2,048,703
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$1,756,423
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$2,930,868
Net investment gain/loss from pooled separate accounts2019-12-31$0
Net investment gain or loss from common/collective trusts2019-12-31$0
Net gain/loss from 103.12 investment entities2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$557,541
Employer contributions (assets) at end of year2019-12-31$411,964
Employer contributions (assets) at beginning of year2019-12-31$388,650
Income. Dividends from preferred stock2019-12-31$0
Income. Dividends from common stock2019-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$487,407
Contract administrator fees2019-12-31$47,874
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$0
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$0
Aggregate carrying amount (costs) on sale of assets2019-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31HARPER & PEARSON COMPANY, P.C.
Accountancy firm EIN2019-12-31741695589

Form 5500 Responses for KSB INC. 401(K) PLAN

2020: KSB INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: KSB INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
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 – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1

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