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KRACOR, INC. 401(K) SAVINGS PLAN 401k Plan overview

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

KRACOR, INC. 401(K) SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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

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

Company Name:KRACOR, INC.
Employer identification number (EIN):391103609
NAIC Classification:326100

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-03-01GEORGE KRAEMER2020-07-14
0012016-03-01CAROLE KRAEMER2017-10-03 CAROLE KRAEMER2017-10-03
0012015-03-01CAROLE KRAEMER2016-09-08
0012014-03-01CAROLE KRAEMER CAROLE KRAEMER2015-09-08
0012013-03-01CAROLE KRAEMER
0012012-03-01JAMES GLEASON
0012011-03-01CAROLE KRAEMER
0012010-03-01CAROLE KRAEMER
0012009-03-01CAROLE L KRAEMER CAROLE L. KRAEMER2010-09-27

Plan Statistics for KRACOR, INC. 401(K) SAVINGS PLAN

401k plan membership statisitcs for KRACOR, INC. 401(K) SAVINGS PLAN

Measure Date Value
2014: KRACOR, INC. 401(K) SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-03-0119
Total number of active participants reported on line 7a of the Form 55002014-03-0118
Number of retired or separated participants receiving benefits2014-03-010
Number of other retired or separated participants entitled to future benefits2014-03-012
Total of all active and inactive participants2014-03-0120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-03-010
Total participants2014-03-0120
Number of participants with account balances2014-03-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-03-018
2013: KRACOR, INC. 401(K) SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year2013-03-0116
Total number of active participants reported on line 7a of the Form 55002013-03-0117
Number of retired or separated participants receiving benefits2013-03-010
Number of other retired or separated participants entitled to future benefits2013-03-013
Total of all active and inactive participants2013-03-0120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-03-010
Total participants2013-03-0120
Number of participants with account balances2013-03-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-03-010
2012: KRACOR, INC. 401(K) SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-03-0120
Total number of active participants reported on line 7a of the Form 55002012-03-0124
Number of retired or separated participants receiving benefits2012-03-010
Number of other retired or separated participants entitled to future benefits2012-03-015
Total of all active and inactive participants2012-03-0129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-03-010
Total participants2012-03-0129
Number of participants with account balances2012-03-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-03-0112
2011: KRACOR, INC. 401(K) SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-03-0123
Total number of active participants reported on line 7a of the Form 55002011-03-0117
Number of retired or separated participants receiving benefits2011-03-010
Number of other retired or separated participants entitled to future benefits2011-03-010
Total of all active and inactive participants2011-03-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-03-010
Total participants2011-03-0117
Number of participants with account balances2011-03-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-03-010
2010: KRACOR, INC. 401(K) SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year2010-03-0148
Total number of active participants reported on line 7a of the Form 55002010-03-0144
Number of retired or separated participants receiving benefits2010-03-010
Number of other retired or separated participants entitled to future benefits2010-03-010
Total of all active and inactive participants2010-03-0144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-03-010
Total participants2010-03-0144
Number of participants with account balances2010-03-0121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-03-010
2009: KRACOR, INC. 401(K) SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-03-0128
Total number of active participants reported on line 7a of the Form 55002009-03-0116
Number of retired or separated participants receiving benefits2009-03-010
Number of other retired or separated participants entitled to future benefits2009-03-017
Total of all active and inactive participants2009-03-0123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-03-010
Total participants2009-03-0123
Number of participants with account balances2009-03-0121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-03-010

Financial Data on KRACOR, INC. 401(K) SAVINGS PLAN

Measure Date Value
2015 : KRACOR, INC. 401(K) SAVINGS PLAN 2015 401k financial data
Transfers to/from the plan2015-02-28$0
Total income from all sources2015-02-28$86,254
Expenses. Total of all expenses incurred2015-02-28$8,492
Benefits paid (including direct rollovers)2015-02-28$8,364
Total plan assets at end of year2015-02-28$833,068
Total plan assets at beginning of year2015-02-28$755,306
Value of fidelity bond covering the plan2015-02-28$32,000
Total contributions received or receivable from participants2015-02-28$34,643
Expenses. Other expenses not covered elsewhere2015-02-28$128
Contributions received from other sources (not participants or employers)2015-02-28$0
Other income received2015-02-28$51,611
Net income (gross income less expenses)2015-02-28$77,762
Net plan assets at end of year (total assets less liabilities)2015-02-28$833,068
Net plan assets at beginning of year (total assets less liabilities)2015-02-28$755,306
Assets. Value of participant loans2015-02-28$694
Total contributions received or receivable from employer(s)2015-02-28$0
Value of certain deemed distributions of participant loans2015-02-28$0
Value of corrective distributions2015-02-28$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-02-28$0
2014 : KRACOR, INC. 401(K) SAVINGS PLAN 2014 401k financial data
Transfers to/from the plan2014-02-28$0
Total income from all sources2014-02-28$134,192
Expenses. Total of all expenses incurred2014-02-28$83,644
Benefits paid (including direct rollovers)2014-02-28$83,432
Total plan assets at end of year2014-02-28$755,305
Total plan assets at beginning of year2014-02-28$704,757
Value of fidelity bond covering the plan2014-02-28$32,000
Total contributions received or receivable from participants2014-02-28$23,150
Expenses. Other expenses not covered elsewhere2014-02-28$212
Contributions received from other sources (not participants or employers)2014-02-28$0
Other income received2014-02-28$111,042
Net income (gross income less expenses)2014-02-28$50,548
Net plan assets at end of year (total assets less liabilities)2014-02-28$755,305
Net plan assets at beginning of year (total assets less liabilities)2014-02-28$704,757
Assets. Value of participant loans2014-02-28$1,895
Total contributions received or receivable from employer(s)2014-02-28$0
Value of certain deemed distributions of participant loans2014-02-28$0
Value of corrective distributions2014-02-28$0
Funding deficiency by the employer to the plan for this plan year2014-02-28$0
Minimum employer required contribution for this plan year2014-02-28$0
Amount contributed by the employer to the plan for this plan year2014-02-28$0
2013 : KRACOR, INC. 401(K) SAVINGS PLAN 2013 401k financial data
Transfers to/from the plan2013-02-28$0
Total income from all sources2013-02-28$63,033
Expenses. Total of all expenses incurred2013-02-28$55,954
Benefits paid (including direct rollovers)2013-02-28$55,774
Total plan assets at end of year2013-02-28$704,757
Total plan assets at beginning of year2013-02-28$697,678
Value of fidelity bond covering the plan2013-02-28$32,000
Total contributions received or receivable from participants2013-02-28$18,767
Expenses. Other expenses not covered elsewhere2013-02-28$180
Contributions received from other sources (not participants or employers)2013-02-28$0
Other income received2013-02-28$44,266
Net income (gross income less expenses)2013-02-28$7,079
Net plan assets at end of year (total assets less liabilities)2013-02-28$704,757
Net plan assets at beginning of year (total assets less liabilities)2013-02-28$697,678
Assets. Value of participant loans2013-02-28$0
Total contributions received or receivable from employer(s)2013-02-28$0
Value of certain deemed distributions of participant loans2013-02-28$0
Value of corrective distributions2013-02-28$0
Funding deficiency by the employer to the plan for this plan year2013-02-28$0
Minimum employer required contribution for this plan year2013-02-28$0
Amount contributed by the employer to the plan for this plan year2013-02-28$0
2012 : KRACOR, INC. 401(K) SAVINGS PLAN 2012 401k financial data
Transfers to/from the plan2012-02-29$0
Total income from all sources2012-02-29$21,540
Expenses. Total of all expenses incurred2012-02-29$12,971
Benefits paid (including direct rollovers)2012-02-29$12,771
Total plan assets at end of year2012-02-29$697,678
Total plan assets at beginning of year2012-02-29$689,109
Value of fidelity bond covering the plan2012-02-29$32,000
Total contributions received or receivable from participants2012-02-29$23,960
Expenses. Other expenses not covered elsewhere2012-02-29$200
Contributions received from other sources (not participants or employers)2012-02-29$0
Other income received2012-02-29$-2,420
Net income (gross income less expenses)2012-02-29$8,569
Net plan assets at end of year (total assets less liabilities)2012-02-29$697,678
Net plan assets at beginning of year (total assets less liabilities)2012-02-29$689,109
Assets. Value of participant loans2012-02-29$1,298
Total contributions received or receivable from employer(s)2012-02-29$0
Value of certain deemed distributions of participant loans2012-02-29$0
Value of corrective distributions2012-02-29$0
Funding deficiency by the employer to the plan for this plan year2012-02-29$0
Minimum employer required contribution for this plan year2012-02-29$0
Amount contributed by the employer to the plan for this plan year2012-02-29$0
2011 : KRACOR, INC. 401(K) SAVINGS PLAN 2011 401k financial data
Transfers to/from the plan2011-02-28$0
Total income from all sources2011-02-28$130,986
Expenses. Total of all expenses incurred2011-02-28$16,903
Benefits paid (including direct rollovers)2011-02-28$16,688
Total plan assets at end of year2011-02-28$689,109
Total plan assets at beginning of year2011-02-28$575,026
Value of fidelity bond covering the plan2011-02-28$32,000
Total contributions received or receivable from participants2011-02-28$24,849
Expenses. Other expenses not covered elsewhere2011-02-28$215
Contributions received from other sources (not participants or employers)2011-02-28$0
Other income received2011-02-28$106,137
Net income (gross income less expenses)2011-02-28$114,083
Net plan assets at end of year (total assets less liabilities)2011-02-28$689,109
Net plan assets at beginning of year (total assets less liabilities)2011-02-28$575,026
Assets. Value of participant loans2011-02-28$2,559
Total contributions received or receivable from employer(s)2011-02-28$0
Value of certain deemed distributions of participant loans2011-02-28$0
Value of corrective distributions2011-02-28$0
Funding deficiency by the employer to the plan for this plan year2011-02-28$0
Minimum employer required contribution for this plan year2011-02-28$0
Amount contributed by the employer to the plan for this plan year2011-02-28$0
2010 : KRACOR, INC. 401(K) SAVINGS PLAN 2010 401k financial data
Funding deficiency by the employer to the plan for this plan year2010-02-28$0
Minimum employer required contribution for this plan year2010-02-28$0
Amount contributed by the employer to the plan for this plan year2010-02-28$0

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

2014: KRACOR, INC. 401(K) SAVINGS PLAN 2014 form 5500 responses
2014-03-01Type of plan entitySingle employer plan
2014-03-01Submission has been amendedNo
2014-03-01This submission is the final filingNo
2014-03-01This return/report is a short plan year return/report (less than 12 months)No
2014-03-01Plan is a collectively bargained planNo
2014-03-01Plan funding arrangement – InsuranceYes
2014-03-01Plan funding arrangement – TrustYes
2014-03-01Plan benefit arrangement – InsuranceYes
2013: KRACOR, INC. 401(K) SAVINGS PLAN 2013 form 5500 responses
2013-03-01Type of plan entitySingle employer plan
2013-03-01Submission has been amendedNo
2013-03-01This submission is the final filingNo
2013-03-01This return/report is a short plan year return/report (less than 12 months)No
2013-03-01Plan is a collectively bargained planNo
2013-03-01Plan funding arrangement – InsuranceYes
2013-03-01Plan funding arrangement – TrustYes
2013-03-01Plan benefit arrangement – InsuranceYes
2012: KRACOR, INC. 401(K) SAVINGS PLAN 2012 form 5500 responses
2012-03-01Type of plan entitySingle employer plan
2012-03-01Submission has been amendedNo
2012-03-01This submission is the final filingNo
2012-03-01This return/report is a short plan year return/report (less than 12 months)No
2012-03-01Plan is a collectively bargained planNo
2012-03-01Plan funding arrangement – InsuranceYes
2012-03-01Plan funding arrangement – TrustYes
2012-03-01Plan benefit arrangement – InsuranceYes
2011: KRACOR, INC. 401(K) SAVINGS PLAN 2011 form 5500 responses
2011-03-01Type of plan entitySingle employer plan
2011-03-01Submission has been amendedNo
2011-03-01This submission is the final filingNo
2011-03-01This return/report is a short plan year return/report (less than 12 months)No
2011-03-01Plan is a collectively bargained planNo
2011-03-01Plan funding arrangement – InsuranceYes
2011-03-01Plan funding arrangement – TrustYes
2011-03-01Plan benefit arrangement – InsuranceYes
2010: KRACOR, INC. 401(K) SAVINGS PLAN 2010 form 5500 responses
2010-03-01Type of plan entitySingle employer plan
2010-03-01Submission has been amendedNo
2010-03-01This submission is the final filingNo
2010-03-01This return/report is a short plan year return/report (less than 12 months)No
2010-03-01Plan is a collectively bargained planNo
2010-03-01Plan funding arrangement – InsuranceYes
2010-03-01Plan funding arrangement – TrustYes
2010-03-01Plan benefit arrangement – InsuranceYes
2009: KRACOR, INC. 401(K) SAVINGS PLAN 2009 form 5500 responses
2009-03-01Type of plan entitySingle employer plan
2009-03-01Submission has been amendedNo
2009-03-01This submission is the final filingNo
2009-03-01This return/report is a short plan year return/report (less than 12 months)No
2009-03-01Plan is a collectively bargained planNo
2009-03-01Plan funding arrangement – InsuranceYes
2009-03-01Plan funding arrangement – TrustYes
2009-03-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-008073
Policy instance 1
Insurance contract or identification numberGA-008073
Number of Individuals Covered13
Insurance policy start date2014-03-01
Insurance policy end date2015-02-28
Total amount of commissions paid to insurance brokerUSD $1,916
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,916
Insurance broker organization code?3
Insurance broker nameBAIRD INSURANCE SERVICES INC
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-008073
Policy instance 1
Insurance contract or identification numberGA-008073
Number of Individuals Covered13
Insurance policy start date2013-03-01
Insurance policy end date2014-02-28
Total amount of commissions paid to insurance brokerUSD $1,742
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,742
Insurance broker organization code?3
Insurance broker nameBAIRD INS SERVICES INC
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-008073
Policy instance 1
Insurance contract or identification numberGA-008073
Number of Individuals Covered24
Insurance policy start date2012-03-01
Insurance policy end date2013-02-28
Total amount of commissions paid to insurance brokerUSD $1,729
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,729
Insurance broker organization code?3
Insurance broker nameBAIRD INS SERVICES INC
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-008073
Policy instance 1
Insurance contract or identification numberGA-008073
Number of Individuals Covered17
Insurance policy start date2011-03-01
Insurance policy end date2012-02-29
Total amount of commissions paid to insurance brokerUSD $1,652
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-008073
Policy instance 1
Insurance contract or identification numberGA-008073
Number of Individuals Covered21
Insurance policy start date2010-03-01
Insurance policy end date2011-02-28
Total amount of commissions paid to insurance brokerUSD $1,488
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,488
Insurance broker organization code?3
Insurance broker nameBAIRD INS SERVICES INC

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