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KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameKRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN
Plan identification number 001

KRB MACHINERY COMPANY RETIREMENT SAVINGS 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.
  • 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

KRB MACHINERY COMPANY has sponsored the creation of one or more 401k plans.

Company Name:KRB MACHINERY COMPANY
Employer identification number (EIN):232397053
NAIC Classification:333510

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-10-01TIMOTHY BRICKER
0012022-10-01
0012022-10-01TIMOTHY BRICKER
0012021-10-01
0012021-10-01TIMOTHY BRICKER
0012020-10-01
0012019-10-01
0012018-10-01
0012017-10-01TIM BRICKER
0012016-10-01TIM BRICKER
0012015-10-01TIM BRICKER
0012014-10-01TIM BRICKER
0012013-10-01TIM BRICKER
0012012-10-01TIM BRICKER2014-02-26 TIM BRICKER2014-02-26
0012011-10-01TIMOTHY D BRICKER2013-02-06 TIMOTHY D BRICKER2013-02-06
0012010-10-01TIMOTHY D BRICKER2012-02-22 TIMOTHY D BRICKER2012-02-22
0012008-10-01

Financial Data on KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN

Measure Date Value
2023 : KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2023 401k financial data
Transfers to/from the plan2023-09-30$0
Total plan liabilities at end of year2023-09-30$0
Total plan liabilities at beginning of year2023-09-30$0
Total income from all sources2023-09-30$1,309,109
Expenses. Total of all expenses incurred2023-09-30$154,633
Benefits paid (including direct rollovers)2023-09-30$128,895
Total plan assets at end of year2023-09-30$6,172,254
Total plan assets at beginning of year2023-09-30$5,017,778
Value of fidelity bond covering the plan2023-09-30$577,760
Total contributions received or receivable from participants2023-09-30$414,174
Expenses. Other expenses not covered elsewhere2023-09-30$0
Contributions received from other sources (not participants or employers)2023-09-30$67,416
Other income received2023-09-30$659,612
Noncash contributions received2023-09-30$0
Net income (gross income less expenses)2023-09-30$1,154,476
Net plan assets at end of year (total assets less liabilities)2023-09-30$6,172,254
Net plan assets at beginning of year (total assets less liabilities)2023-09-30$5,017,778
Assets. Value of participant loans2023-09-30$74,964
Total contributions received or receivable from employer(s)2023-09-30$167,907
Value of certain deemed distributions of participant loans2023-09-30$0
Value of corrective distributions2023-09-30$252
Expenses. Administrative service providers (salaries,fees and commissions)2023-09-30$25,486
2022 : KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2022 401k financial data
Transfers to/from the plan2022-09-30$0
Total plan liabilities at end of year2022-09-30$0
Total plan liabilities at beginning of year2022-09-30$0
Total income from all sources2022-09-30$-742,925
Expenses. Total of all expenses incurred2022-09-30$16,905
Benefits paid (including direct rollovers)2022-09-30$305
Total plan assets at end of year2022-09-30$5,017,778
Total plan assets at beginning of year2022-09-30$5,777,608
Value of fidelity bond covering the plan2022-09-30$577,760
Total contributions received or receivable from participants2022-09-30$327,674
Expenses. Other expenses not covered elsewhere2022-09-30$0
Contributions received from other sources (not participants or employers)2022-09-30$17,454
Other income received2022-09-30$-1,231,429
Noncash contributions received2022-09-30$0
Net income (gross income less expenses)2022-09-30$-759,830
Net plan assets at end of year (total assets less liabilities)2022-09-30$5,017,778
Net plan assets at beginning of year (total assets less liabilities)2022-09-30$5,777,608
Assets. Value of participant loans2022-09-30$72,514
Total contributions received or receivable from employer(s)2022-09-30$143,376
Value of certain deemed distributions of participant loans2022-09-30$0
Value of corrective distributions2022-09-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-09-30$16,600
2021 : KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2021 401k financial data
Transfers to/from the plan2021-09-30$0
Total plan liabilities at end of year2021-09-30$0
Total plan liabilities at beginning of year2021-09-30$0
Total income from all sources2021-09-30$1,395,202
Expenses. Total of all expenses incurred2021-09-30$45,176
Benefits paid (including direct rollovers)2021-09-30$4,704
Total plan assets at end of year2021-09-30$5,777,608
Total plan assets at beginning of year2021-09-30$4,427,582
Value of fidelity bond covering the plan2021-09-30$577,760
Assets. Value of tangible personal property2021-09-30$0
Total contributions received or receivable from participants2021-09-30$236,534
Assets. Value of loans (other than to participants)2021-09-30$0
Expenses. Other expenses not covered elsewhere2021-09-30$0
Contributions received from other sources (not participants or employers)2021-09-30$0
Other income received2021-09-30$1,030,977
Noncash contributions received2021-09-30$0
Net income (gross income less expenses)2021-09-30$1,350,026
Net plan assets at end of year (total assets less liabilities)2021-09-30$5,777,608
Net plan assets at beginning of year (total assets less liabilities)2021-09-30$4,427,582
Assets. Value of participant loans2021-09-30$73,117
Assets. Value of assets in partnership/joint-venture interests2021-09-30$0
Assets. Value of real-estate (other than employer real property)2021-09-30$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022021-09-30$0
Assets. Value of employer securities2021-09-30$0
Assets. Value of employer real property2021-09-30$0
Total contributions received or receivable from employer(s)2021-09-30$127,691
Value of certain deemed distributions of participant loans2021-09-30$0
Value of corrective distributions2021-09-30$39,828
Expenses. Administrative service providers (salaries,fees and commissions)2021-09-30$644
2020 : KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2020 401k financial data
Transfers to/from the plan2020-09-30$0
Total plan liabilities at end of year2020-09-30$0
Total plan liabilities at beginning of year2020-09-30$0
Total income from all sources2020-09-30$701,752
Expenses. Total of all expenses incurred2020-09-30$98,789
Benefits paid (including direct rollovers)2020-09-30$88,832
Total plan assets at end of year2020-09-30$4,427,582
Total plan assets at beginning of year2020-09-30$3,824,619
Value of fidelity bond covering the plan2020-09-30$442,758
Assets. Value of tangible personal property2020-09-30$0
Total contributions received or receivable from participants2020-09-30$208,403
Assets. Value of loans (other than to participants)2020-09-30$0
Expenses. Other expenses not covered elsewhere2020-09-30$0
Contributions received from other sources (not participants or employers)2020-09-30$0
Other income received2020-09-30$387,434
Noncash contributions received2020-09-30$0
Net income (gross income less expenses)2020-09-30$602,963
Net plan assets at end of year (total assets less liabilities)2020-09-30$4,427,582
Net plan assets at beginning of year (total assets less liabilities)2020-09-30$3,824,619
Assets. Value of participant loans2020-09-30$64,824
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2020-09-30$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2020-09-30$0
Assets. Value of assets in partnership/joint-venture interests2020-09-30$0
Assets. Value of real-estate (other than employer real property)2020-09-30$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022020-09-30$0
Assets. Value of employer securities2020-09-30$0
Assets. Value of employer real property2020-09-30$0
Total contributions received or receivable from employer(s)2020-09-30$105,915
Value of certain deemed distributions of participant loans2020-09-30$0
Value of corrective distributions2020-09-30$9,557
Expenses. Administrative service providers (salaries,fees and commissions)2020-09-30$400
2019 : KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2019 401k financial data
Transfers to/from the plan2019-09-30$0
Total plan liabilities at end of year2019-09-30$0
Total plan liabilities at beginning of year2019-09-30$0
Total income from all sources2019-09-30$363,517
Expenses. Total of all expenses incurred2019-09-30$47,987
Benefits paid (including direct rollovers)2019-09-30$32,399
Total plan assets at end of year2019-09-30$3,824,619
Total plan assets at beginning of year2019-09-30$3,509,089
Value of fidelity bond covering the plan2019-09-30$350,910
Total contributions received or receivable from participants2019-09-30$161,617
Expenses. Other expenses not covered elsewhere2019-09-30$0
Contributions received from other sources (not participants or employers)2019-09-30$0
Other income received2019-09-30$105,706
Noncash contributions received2019-09-30$0
Net income (gross income less expenses)2019-09-30$315,530
Net plan assets at end of year (total assets less liabilities)2019-09-30$3,824,619
Net plan assets at beginning of year (total assets less liabilities)2019-09-30$3,509,089
Assets. Value of participant loans2019-09-30$81,089
Total contributions received or receivable from employer(s)2019-09-30$96,194
Value of certain deemed distributions of participant loans2019-09-30$0
Value of corrective distributions2019-09-30$15,150
Expenses. Administrative service providers (salaries,fees and commissions)2019-09-30$438
2018 : KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2018 401k financial data
Transfers to/from the plan2018-09-30$0
Total plan liabilities at end of year2018-09-30$0
Total plan liabilities at beginning of year2018-09-30$0
Total income from all sources2018-09-30$592,151
Expenses. Total of all expenses incurred2018-09-30$506,024
Benefits paid (including direct rollovers)2018-09-30$485,721
Total plan assets at end of year2018-09-30$3,509,089
Total plan assets at beginning of year2018-09-30$3,422,962
Value of fidelity bond covering the plan2018-09-30$350,910
Total contributions received or receivable from participants2018-09-30$152,136
Expenses. Other expenses not covered elsewhere2018-09-30$0
Contributions received from other sources (not participants or employers)2018-09-30$0
Other income received2018-09-30$340,066
Noncash contributions received2018-09-30$0
Net income (gross income less expenses)2018-09-30$86,127
Net plan assets at end of year (total assets less liabilities)2018-09-30$3,509,089
Net plan assets at beginning of year (total assets less liabilities)2018-09-30$3,422,962
Assets. Value of participant loans2018-09-30$63,381
Total contributions received or receivable from employer(s)2018-09-30$99,949
Value of certain deemed distributions of participant loans2018-09-30$0
Value of corrective distributions2018-09-30$19,822
Expenses. Administrative service providers (salaries,fees and commissions)2018-09-30$481
2017 : KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2017 401k financial data
Transfers to/from the plan2017-09-30$0
Total plan liabilities at end of year2017-09-30$0
Total plan liabilities at beginning of year2017-09-30$0
Total income from all sources2017-09-30$705,118
Expenses. Total of all expenses incurred2017-09-30$225,449
Benefits paid (including direct rollovers)2017-09-30$219,201
Total plan assets at end of year2017-09-30$3,422,962
Total plan assets at beginning of year2017-09-30$2,943,293
Value of fidelity bond covering the plan2017-09-30$342,296
Total contributions received or receivable from participants2017-09-30$151,834
Expenses. Other expenses not covered elsewhere2017-09-30$0
Contributions received from other sources (not participants or employers)2017-09-30$0
Other income received2017-09-30$457,028
Noncash contributions received2017-09-30$0
Net income (gross income less expenses)2017-09-30$479,669
Net plan assets at end of year (total assets less liabilities)2017-09-30$3,422,962
Net plan assets at beginning of year (total assets less liabilities)2017-09-30$2,943,293
Assets. Value of participant loans2017-09-30$82,210
Total contributions received or receivable from employer(s)2017-09-30$96,256
Value of certain deemed distributions of participant loans2017-09-30$0
Value of corrective distributions2017-09-30$5,885
Expenses. Administrative service providers (salaries,fees and commissions)2017-09-30$363
2016 : KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2016 401k financial data
Transfers to/from the plan2016-09-30$0
Total plan liabilities at end of year2016-09-30$0
Total plan liabilities at beginning of year2016-09-30$0
Total income from all sources2016-09-30$550,684
Expenses. Total of all expenses incurred2016-09-30$74,136
Benefits paid (including direct rollovers)2016-09-30$73,630
Total plan assets at end of year2016-09-30$2,943,293
Total plan assets at beginning of year2016-09-30$2,466,745
Value of fidelity bond covering the plan2016-09-30$247,316
Total contributions received or receivable from participants2016-09-30$129,287
Expenses. Other expenses not covered elsewhere2016-09-30$0
Contributions received from other sources (not participants or employers)2016-09-30$53,980
Other income received2016-09-30$281,934
Noncash contributions received2016-09-30$0
Net income (gross income less expenses)2016-09-30$476,548
Net plan assets at end of year (total assets less liabilities)2016-09-30$2,943,293
Net plan assets at beginning of year (total assets less liabilities)2016-09-30$2,466,745
Assets. Value of participant loans2016-09-30$70,460
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022016-09-30$0
Total contributions received or receivable from employer(s)2016-09-30$85,483
Value of certain deemed distributions of participant loans2016-09-30$0
Value of corrective distributions2016-09-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-09-30$506
2015 : KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2015 401k financial data
Transfers to/from the plan2015-09-30$0
Total plan liabilities at end of year2015-09-30$0
Total plan liabilities at beginning of year2015-09-30$0
Total income from all sources2015-09-30$128,853
Expenses. Total of all expenses incurred2015-09-30$135,260
Benefits paid (including direct rollovers)2015-09-30$127,583
Total plan assets at end of year2015-09-30$2,466,745
Total plan assets at beginning of year2015-09-30$2,473,152
Value of fidelity bond covering the plan2015-09-30$247,316
Total contributions received or receivable from participants2015-09-30$101,618
Expenses. Other expenses not covered elsewhere2015-09-30$0
Contributions received from other sources (not participants or employers)2015-09-30$0
Other income received2015-09-30$-51,872
Noncash contributions received2015-09-30$0
Net income (gross income less expenses)2015-09-30$-6,407
Net plan assets at end of year (total assets less liabilities)2015-09-30$2,466,745
Net plan assets at beginning of year (total assets less liabilities)2015-09-30$2,473,152
Assets. Value of participant loans2015-09-30$33,201
Total contributions received or receivable from employer(s)2015-09-30$79,107
Value of certain deemed distributions of participant loans2015-09-30$0
Value of corrective distributions2015-09-30$7,489
Expenses. Administrative service providers (salaries,fees and commissions)2015-09-30$188
2014 : KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2014 401k financial data
Transfers to/from the plan2014-09-30$0
Total plan liabilities at end of year2014-09-30$0
Total plan liabilities at beginning of year2014-09-30$0
Total income from all sources2014-09-30$395,873
Expenses. Total of all expenses incurred2014-09-30$80,838
Benefits paid (including direct rollovers)2014-09-30$80,575
Total plan assets at end of year2014-09-30$2,473,152
Total plan assets at beginning of year2014-09-30$2,158,117
Value of fidelity bond covering the plan2014-09-30$220,000
Total contributions received or receivable from participants2014-09-30$81,279
Expenses. Other expenses not covered elsewhere2014-09-30$0
Contributions received from other sources (not participants or employers)2014-09-30$14,663
Other income received2014-09-30$224,359
Noncash contributions received2014-09-30$0
Net income (gross income less expenses)2014-09-30$315,035
Net plan assets at end of year (total assets less liabilities)2014-09-30$2,473,152
Net plan assets at beginning of year (total assets less liabilities)2014-09-30$2,158,117
Assets. Value of participant loans2014-09-30$37,923
Total contributions received or receivable from employer(s)2014-09-30$75,572
Value of certain deemed distributions of participant loans2014-09-30$0
Value of corrective distributions2014-09-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-09-30$263

Form 5500 Responses for KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN

2022: KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2022 form 5500 responses
2022-10-01Type of plan entitySingle employer plan
2022-10-01This submission is the final filingNo
2022-10-01Plan is a collectively bargained planNo
2022-10-01Plan funding arrangement – TrustYes
2022-10-01Plan benefit arrangement - TrustYes
2021: KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2021 form 5500 responses
2021-10-01Type of plan entitySingle employer plan
2021-10-01Submission has been amendedNo
2021-10-01This submission is the final filingNo
2021-10-01This return/report is a short plan year return/report (less than 12 months)No
2021-10-01Plan is a collectively bargained planNo
2021-10-01Plan funding arrangement – TrustYes
2021-10-01Plan benefit arrangement - TrustYes
2020: KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2020 form 5500 responses
2020-10-01Type of plan entitySingle employer plan
2020-10-01This submission is the final filingNo
2020-10-01Plan is a collectively bargained planNo
2020-10-01Plan funding arrangement – TrustYes
2020-10-01Plan benefit arrangement - TrustYes
2019: KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2019 form 5500 responses
2019-10-01Type of plan entitySingle employer plan
2019-10-01This submission is the final filingNo
2019-10-01This return/report is a short plan year return/report (less than 12 months)No
2019-10-01Plan funding arrangement – TrustYes
2019-10-01Plan benefit arrangement - TrustYes
2018: KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2018 form 5500 responses
2018-10-01Type of plan entitySingle employer plan
2018-10-01Submission has been amendedNo
2018-10-01This submission is the final filingNo
2018-10-01This return/report is a short plan year return/report (less than 12 months)No
2018-10-01Plan is a collectively bargained planNo
2018-10-01Plan funding arrangement – TrustYes
2018-10-01Plan benefit arrangement - TrustYes
2017: KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2017 form 5500 responses
2017-10-01Type of plan entitySingle employer plan
2017-10-01Submission has been amendedNo
2017-10-01This submission is the final filingNo
2017-10-01This return/report is a short plan year return/report (less than 12 months)No
2017-10-01Plan is a collectively bargained planNo
2017-10-01Plan funding arrangement – TrustYes
2017-10-01Plan benefit arrangement - TrustYes
2016: KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2016 form 5500 responses
2016-10-01Type of plan entitySingle employer plan
2016-10-01Submission has been amendedNo
2016-10-01This submission is the final filingNo
2016-10-01This return/report is a short plan year return/report (less than 12 months)No
2016-10-01Plan is a collectively bargained planNo
2016-10-01Plan funding arrangement – TrustYes
2016-10-01Plan benefit arrangement - TrustYes
2015: KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2015 form 5500 responses
2015-10-01Type of plan entitySingle employer plan
2015-10-01Submission has been amendedNo
2015-10-01This submission is the final filingNo
2015-10-01This return/report is a short plan year return/report (less than 12 months)No
2015-10-01Plan is a collectively bargained planNo
2015-10-01Plan funding arrangement – TrustYes
2015-10-01Plan benefit arrangement - TrustYes
2014: KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2014 form 5500 responses
2014-10-01Type of plan entitySingle employer plan
2014-10-01Submission has been amendedNo
2014-10-01This submission is the final filingNo
2014-10-01This return/report is a short plan year return/report (less than 12 months)No
2014-10-01Plan is a collectively bargained planNo
2014-10-01Plan funding arrangement – TrustYes
2014-10-01Plan benefit arrangement - TrustYes
2013: KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2013 form 5500 responses
2013-10-01Type of plan entitySingle employer plan
2013-10-01Submission has been amendedNo
2013-10-01This submission is the final filingNo
2013-10-01This return/report is a short plan year return/report (less than 12 months)No
2013-10-01Plan is a collectively bargained planNo
2013-10-01Plan funding arrangement – TrustYes
2013-10-01Plan benefit arrangement - TrustYes
2008: KRB MACHINERY COMPANY RETIREMENT SAVINGS PLAN 2008 form 5500 responses
2008-10-01Type of plan entitySingle employer plan
2008-10-01Submission has been amendedNo
2008-10-01This submission is the final filingNo
2008-10-01This return/report is a short plan year return/report (less than 12 months)No
2008-10-01Plan is a collectively bargained planNo

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