401k Plan data: KIA MOTORS AMERICA 401(K) PLAN plan

KIA MOTORS AMERICA 401(K) PLAN 401k Plan overview

Plan Name	KIA MOTORS AMERICA 401(K) PLAN
Plan identification number	002

KIA MOTORS AMERICA 401(K) PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
Profit-sharing
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

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

Company Name: KIA AMERICA, INC.

Employer identification number (EIN): 330539850

NAIC Classification: 336100

Additional information about KIA AMERICA, INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 2674119

More information about KIA AMERICA, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KIA MOTORS AMERICA 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2014-01-01 SALLY TRESSER
002 2014-01-01 SALLY TRESSER
002 2012-01-01 JOHN YOON
002 2009-01-01 JOHN YOON

Plan id#	Filing Submission Date	Name of Administrator
002	2014-01-01	SALLY TRESSER
002	2014-01-01	SALLY TRESSER
002	2012-01-01	JOHN YOON
002	2009-01-01	JOHN YOON

Plan Statistics for KIA MOTORS AMERICA 401(K) PLAN

401k plan membership statisitcs for KIA MOTORS AMERICA 401(K) PLAN

Measure Date Value
2014: KIA MOTORS AMERICA 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 545
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 474
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 106
Total of all active and inactive participants 2014-01-01 580
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 1
Total participants 2014-01-01 581
Number of participants with account balances 2014-01-01 580
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2012: KIA MOTORS AMERICA 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 0
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 445
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 117
Total of all active and inactive participants 2012-01-01 562
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 1
Total participants 2012-01-01 563
Number of participants with account balances 2012-01-01 555
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2009: KIA MOTORS AMERICA 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 432
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 0
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 0
Total of all active and inactive participants 2009-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2014: KIA MOTORS AMERICA 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	545
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	474
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	106
Total of all active and inactive participants	2014-01-01	580
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	1
Total participants	2014-01-01	581
Number of participants with account balances	2014-01-01	580
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2012: KIA MOTORS AMERICA 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	0
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	445
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	117
Total of all active and inactive participants	2012-01-01	562
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	1
Total participants	2012-01-01	563
Number of participants with account balances	2012-01-01	555
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2009: KIA MOTORS AMERICA 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	432
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	0
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	0
Total of all active and inactive participants	2009-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on KIA MOTORS AMERICA 401(K) PLAN

Measure	Date	Value
2014 : KIA MOTORS AMERICA 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets	2014-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total income from all sources (including contributions)	2014-12-31	$8,782,722
Total loss/gain on sale of assets	2014-12-31	$0
Total of all expenses incurred	2014-12-31	$4,743,036
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$4,738,155
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$6,730,610
Value of total assets at end of year	2014-12-31	$55,892,996
Value of total assets at beginning of year	2014-12-31	$51,853,310
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$4,881
Total interest from all sources	2014-12-31	$44,164
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$500,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$3,783,254
Participant contributions at end of year	2014-12-31	$1,085,469
Participant contributions at beginning of year	2014-12-31	$935,678
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$579,524
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$4,039,686
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$55,892,996
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$51,853,310
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$54,094,849
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$50,917,632
Interest on participant loans	2014-12-31	$44,164
Value of interest in common/collective trusts at end of year	2014-12-31	$712,678
Net investment gain/loss from pooled separate accounts	2014-12-31	$2,007,948
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$2,367,832
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$4,738,155
Contract administrator fees	2014-12-31	$4,881
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	SEJONG LLP
Accountancy firm EIN	2014-12-31	010754454
2012 : KIA MOTORS AMERICA 401(K) PLAN 2012 401k financial data
Transfers to/from the plan	2012-12-31	$34,296,017
Total income from all sources	2012-12-31	$7,855,502
Expenses. Total of all expenses incurred	2012-12-31	$2,089,674
Benefits paid (including direct rollovers)	2012-12-31	$2,087,479
Total plan assets at end of year	2012-12-31	$40,061,845
Total plan assets at beginning of year	2012-12-31	$0
Value of fidelity bond covering the plan	2012-12-31	$500,000
Total contributions received or receivable from participants	2012-12-31	$3,177,408
Contributions received from other sources (not participants or employers)	2012-12-31	$1,071,359
Other income received	2012-12-31	$1,560,199
Net income (gross income less expenses)	2012-12-31	$5,765,828
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$40,061,845
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$0
Assets. Value of participant loans	2012-12-31	$857,475
Total contributions received or receivable from employer(s)	2012-12-31	$2,046,536
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$2,195
2009 : KIA MOTORS AMERICA 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for KIA MOTORS AMERICA 401(K) PLAN

2014: KIA MOTORS AMERICA 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	Yes
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2012: KIA MOTORS AMERICA 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	First time form 5500 has been submitted	Yes
2012-01-01	Submission has been amended	Yes
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2009: KIA MOTORS AMERICA 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	Yes
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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See full terms and conditions

Company Name:	KIA AMERICA, INC.
Employer identification number (EIN):	330539850
NAIC Classification:	336100

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	2674119