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KT BUILDING SUPPLY INC DEFINED BENEFIT PLAN 401k Plan overview

Plan NameKT BUILDING SUPPLY INC DEFINED BENEFIT PLAN
Plan identification number 002

KT BUILDING SUPPLY INC DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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

KT BUILDING SUPPLY INC has sponsored the creation of one or more 401k plans.

Company Name:KT BUILDING SUPPLY INC
Employer identification number (EIN):205383575
NAIC Classification:444190
NAIC Description:Other Building Material Dealers

Additional information about KT BUILDING SUPPLY INC

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division
Incorporation Date: 2006-07-24
Company Identification Number: 602635064
Legal Registered Office Address: 6750 S 180TH ST

TUKWILA
United States of America (USA)
981883907

More information about KT BUILDING SUPPLY INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KT BUILDING SUPPLY INC DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01

Plan Statistics for KT BUILDING SUPPLY INC DEFINED BENEFIT PLAN

401k plan membership statisitcs for KT BUILDING SUPPLY INC DEFINED BENEFIT PLAN

Measure Date Value
2022: KT BUILDING SUPPLY INC DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets2022-12-311,517,730
Acturial value of plan assets2022-12-311,517,730
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-315
Fundng target for terminated vested participants2022-12-3122,342
Active participant vested funding target2022-12-311,272,892
Number of active participants2022-12-3112
Total funding liabilities for active participants2022-12-311,275,566
Total participant count2022-12-3117
Total funding target for all participants2022-12-311,297,908
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3145
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-3145
Present value of excess contributions2022-12-31360,061
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31360,061
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-3150
Total employer contributions2022-12-31630,560
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31608,538
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31221,247
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-311,478
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-311,478
Contributions allocatedtoward minimum required contributions for current year2022-12-31608,538
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: KT BUILDING SUPPLY INC DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets2021-12-311,478,363
Acturial value of plan assets2021-12-311,478,363
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-315
Fundng target for terminated vested participants2021-12-3121,042
Active participant vested funding target2021-12-31989,160
Number of active participants2021-12-3110
Total funding liabilities for active participants2021-12-31990,921
Total participant count2021-12-3115
Total funding target for all participants2021-12-311,011,963
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3135
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-3135
Present value of excess contributions2021-12-31405,285
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31405,285
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-3145
Total employer contributions2021-12-31373,190
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31360,061
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31202,900
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31360,061
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: KT BUILDING SUPPLY INC DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-12-31958,538
Acturial value of plan assets2020-12-31958,538
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-314
Fundng target for terminated vested participants2020-12-3118,146
Active participant vested funding target2020-12-31821,685
Number of active participants2020-12-3110
Total funding liabilities for active participants2020-12-31822,910
Total participant count2020-12-3114
Total funding target for all participants2020-12-31841,056
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3129
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-3129
Present value of excess contributions2020-12-3170,356
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3170,356
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-3135
Total employer contributions2020-12-31421,030
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31405,285
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31109,349
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31405,285
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: KT BUILDING SUPPLY INC DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-31469,939
Acturial value of plan assets2019-12-31469,939
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-313,002
Active participant vested funding target2019-12-31474,666
Number of active participants2019-12-3111
Total funding liabilities for active participants2019-12-31475,320
Total participant count2019-12-3112
Total funding target for all participants2019-12-31478,322
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3136,612
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-3136,577
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3135
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-3129
Total employer contributions2019-12-31336,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31323,728
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31250,836
Net shortfall amortization installment of oustanding balance2019-12-318,414
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31253,372
Additional cash requirement2019-12-31253,372
Contributions allocatedtoward minimum required contributions for current year2019-12-31323,728
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: KT BUILDING SUPPLY INC DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets2018-12-31270,404
Acturial value of plan assets2018-12-31270,404
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-312,804
Active participant vested funding target2018-12-31285,146
Number of active participants2018-12-319
Total funding liabilities for active participants2018-12-31286,721
Total participant count2018-12-3110
Total funding target for all participants2018-12-31289,525
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3135,473
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-3135,473
Present value of excess contributions2018-12-319,597
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-319,597
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-319,597
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-3110,945
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-3136,612
Total employer contributions2018-12-31124,017
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31119,104
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31148,359
Net shortfall amortization installment of oustanding balance2018-12-3157,904
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31157,850
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-3138,746
Additional cash requirement2018-12-31119,104
Contributions allocatedtoward minimum required contributions for current year2018-12-31119,104
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: KT BUILDING SUPPLY INC DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-31116,436
Acturial value of plan assets2017-12-31116,436
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-3179,807
Number of active participants2017-12-3110
Total funding liabilities for active participants2017-12-3180,748
Total participant count2017-12-3110
Total funding target for all participants2017-12-3180,748
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-3135,473
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3135,473
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3135,473
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-3135,473
Total employer contributions2017-12-31187,826
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31185,041
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31175,122
Net shortfall amortization installment of oustanding balance2017-12-311,963
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31175,444
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31175,444
Contributions allocatedtoward minimum required contributions for current year2017-12-31185,041
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: KT BUILDING SUPPLY INC DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-310
Acturial value of plan assets2016-12-310
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-310
Number of active participants2016-12-318
Total funding liabilities for active participants2016-12-310
Total participant count2016-12-318
Total funding target for all participants2016-12-310
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31108,502
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31108,502
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-3173,029
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3173,029
Additional cash requirement2016-12-3173,029
Contributions allocatedtoward minimum required contributions for current year2016-12-31108,502
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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