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KIWICO, INC. 401(K) PLAN 401k Plan overview

Plan NameKIWICO, INC. 401(K) PLAN
Plan identification number 001

KIWICO, 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.
  • 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

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

Company Name:KIWICO, INC.
Employer identification number (EIN):274914249
NAIC Classification:443142
NAIC Description:Electronics Stores

Additional information about KIWICO, INC.

Jurisdiction of Incorporation: Alabama Secretary of State
Incorporation Date: 2011-09-12
Company Identification Number: 025-401
Legal Registered Office Address: 361 EL CAMINO REAL CHELSEA,


United States of America (USA)
35043

More information about KIWICO, INC.

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01SAM WU
0012023-01-01
0012023-01-01SAM WU
0012022-01-01
0012022-01-01SAM WU
0012021-01-01
0012021-01-01SAM WU
0012020-01-01SAM WU2021-10-13
0012019-01-01SAM WU2020-12-16
0012018-01-01
0012017-01-01

Financial Data on KIWICO, INC. 401(K) PLAN

Measure Date Value
2023 : KIWICO, INC. 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$3,053,989
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$718,720
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$706,411
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$2,064,401
Value of total assets at end of year2023-12-31$7,591,975
Value of total assets at beginning of year2023-12-31$5,256,706
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$12,309
Total interest from all sources2023-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$169,512
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$169,512
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$1,313,769
Participant contributions at end of year2023-12-31$3,333
Participant contributions at beginning of year2023-12-31$3,333
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$207,502
Total non interest bearing cash at end of year2023-12-31$1,905
Total non interest bearing cash at beginning of year2023-12-31$5,458
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$2,335,269
Value of net assets at end of year (total assets less liabilities)2023-12-31$7,591,975
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$5,256,706
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$11,484
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$7,586,737
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$5,247,915
Interest on participant loans2023-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$820,076
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$543,130
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$706,411
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31ASSURANCE DIMENSIONS
Accountancy firm EIN2023-12-31263429295
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$3,053,989
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$718,720
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$706,411
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$2,064,401
Value of total assets at end of year2023-01-01$7,591,975
Value of total assets at beginning of year2023-01-01$5,256,706
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$12,309
Total interest from all sources2023-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$169,512
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$169,512
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$500,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$1,313,769
Participant contributions at end of year2023-01-01$3,333
Participant contributions at beginning of year2023-01-01$3,333
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$207,502
Total non interest bearing cash at end of year2023-01-01$1,905
Total non interest bearing cash at beginning of year2023-01-01$5,458
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$2,335,269
Value of net assets at end of year (total assets less liabilities)2023-01-01$7,591,975
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$5,256,706
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Investment advisory and management fees2023-01-01$11,484
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$7,586,737
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$5,247,915
Interest on participant loans2023-01-01$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$820,076
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$543,130
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$706,411
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01ASSURANCE DIMENSIONS
Accountancy firm EIN2023-01-01263429295
2022 : KIWICO, INC. 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$1,678,415
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$719,015
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$709,746
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,345,603
Value of total assets at end of year2022-12-31$5,256,706
Value of total assets at beginning of year2022-12-31$4,297,306
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$9,269
Total interest from all sources2022-12-31$102
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$117,834
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$117,834
Administrative expenses professional fees incurred2022-12-31$900
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$1,406,024
Participant contributions at end of year2022-12-31$3,333
Participant contributions at beginning of year2022-12-31$4,312
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$305,377
Other income not declared elsewhere2022-12-31$3,137
Total non interest bearing cash at end of year2022-12-31$5,458
Total non interest bearing cash at beginning of year2022-12-31$7,146
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$959,400
Value of net assets at end of year (total assets less liabilities)2022-12-31$5,256,706
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$4,297,306
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$8,369
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$5,247,915
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$4,285,848
Interest on participant loans2022-12-31$102
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-788,261
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$634,202
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$709,746
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31ASSURANCE DIMENSIONS
Accountancy firm EIN2022-12-31263429295
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$1,678,415
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$719,015
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$709,746
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$2,345,603
Value of total assets at end of year2022-01-01$5,256,706
Value of total assets at beginning of year2022-01-01$4,297,306
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$9,269
Total interest from all sources2022-01-01$102
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$117,834
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$117,834
Administrative expenses professional fees incurred2022-01-01$900
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$500,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$1,406,024
Participant contributions at end of year2022-01-01$3,333
Participant contributions at beginning of year2022-01-01$4,312
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$305,377
Other income not declared elsewhere2022-01-01$3,137
Total non interest bearing cash at end of year2022-01-01$5,458
Total non interest bearing cash at beginning of year2022-01-01$7,146
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$959,400
Value of net assets at end of year (total assets less liabilities)2022-01-01$5,256,706
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$4,297,306
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Investment advisory and management fees2022-01-01$8,369
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$5,247,915
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$4,285,848
Interest on participant loans2022-01-01$102
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-788,261
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$634,202
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$709,746
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01ASSURANCE DIMENSIONS
Accountancy firm EIN2022-01-01263429295
2021 : KIWICO, INC. 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$2,068,088
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$168,389
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$160,747
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,469,401
Value of total assets at end of year2021-12-31$4,297,306
Value of total assets at beginning of year2021-12-31$2,397,607
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$7,642
Total interest from all sources2021-12-31$144
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$548
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$548
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000
If this is an individual account plan, was there a blackout period2021-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$1,033,534
Participant contributions at end of year2021-12-31$4,312
Participant contributions at beginning of year2021-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$81,429
Total non interest bearing cash at end of year2021-12-31$7,146
Total non interest bearing cash at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$1,899,699
Value of net assets at end of year (total assets less liabilities)2021-12-31$4,297,306
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,397,607
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$7,642
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$4,285,848
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$2,397,607
Interest on participant loans2021-12-31$144
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$597,995
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$354,438
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$160,747
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31Yes
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31ASSURANCE DIMENSIONS
Accountancy firm EIN2021-12-31263429295

Form 5500 Responses for KIWICO, INC. 401(K) PLAN

2023: KIWICO, INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: KIWICO, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: KIWICO, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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