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KEMP & ASSOCIATES CPA PC 401K 401k Plan overview

Plan NameKEMP & ASSOCIATES CPA PC 401K
Plan identification number 001

KEMP & ASSOCIATES CPA PC 401K Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

KEMP & ASSOCIATES CPA, PC has sponsored the creation of one or more 401k plans.

Company Name:KEMP & ASSOCIATES CPA, PC
Employer identification number (EIN):631122299
NAIC Classification:541211
NAIC Description:Offices of Certified Public Accountants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KEMP & ASSOCIATES CPA PC 401K

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01GAIL KEMP2024-05-02 GAIL KEMP2024-05-02
0012022-01-01GAIL KEMP2023-09-07 GAIL KEMP2023-09-07
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01JAMES T. KEMP, CPA
0012016-01-01JAMES T. KEMP, CPA
0012015-01-01JAMES T. KEMP, CPA
0012014-01-01JAMES T. KEMP, CPA
0012013-01-01JAMES T. KEMP, CPA
0012012-01-01JAMES T. KEMP, CPA
0012011-01-01JAMES T. KEMP, CPA
0012009-01-01JAMES T. KEMP, CPA JAMES T. KEMP, CPA2010-10-06
0012009-01-01JAMES KEMP
0012009-01-01JAMES KEMP JAMES KEMP2010-10-06
0012009-01-01JAMES KEMP, CPA JAMES KEMP, CPA2010-10-05

Plan Statistics for KEMP & ASSOCIATES CPA PC 401K

401k plan membership statisitcs for KEMP & ASSOCIATES CPA PC 401K

Measure Date Value
2021: KEMP & ASSOCIATES CPA PC 401K 2021 401k membership
Total participants, beginning-of-year2021-01-0110
Total number of active participants reported on line 7a of the Form 55002021-01-016
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-013
Total of all active and inactive participants2021-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-0110
Number of participants with account balances2021-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: KEMP & ASSOCIATES CPA PC 401K 2020 401k membership
Total participants, beginning-of-year2020-01-0111
Total number of active participants reported on line 7a of the Form 55002020-01-0110
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-0111
Number of participants with account balances2020-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: KEMP & ASSOCIATES CPA PC 401K 2019 401k membership
Total participants, beginning-of-year2019-01-017
Total number of active participants reported on line 7a of the Form 55002019-01-0111
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0112
Number of participants with account balances2019-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: KEMP & ASSOCIATES CPA PC 401K 2018 401k membership
Total participants, beginning-of-year2018-01-016
Total number of active participants reported on line 7a of the Form 55002018-01-017
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-017
Number of participants with account balances2018-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: KEMP & ASSOCIATES CPA PC 401K 2017 401k membership
Total participants, beginning-of-year2017-01-016
Total number of active participants reported on line 7a of the Form 55002017-01-016
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-016
Number of participants with account balances2017-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: KEMP & ASSOCIATES CPA PC 401K 2016 401k membership
Total participants, beginning-of-year2016-01-016
Total number of active participants reported on line 7a of the Form 55002016-01-016
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-016
Number of participants with account balances2016-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: KEMP & ASSOCIATES CPA PC 401K 2015 401k membership
Total participants, beginning-of-year2015-01-018
Total number of active participants reported on line 7a of the Form 55002015-01-016
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-016
Number of participants with account balances2015-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: KEMP & ASSOCIATES CPA PC 401K 2014 401k membership
Total participants, beginning-of-year2014-01-018
Total number of active participants reported on line 7a of the Form 55002014-01-018
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: KEMP & ASSOCIATES CPA PC 401K 2013 401k membership
Total participants, beginning-of-year2013-01-019
Total number of active participants reported on line 7a of the Form 55002013-01-018
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-011
Total of all active and inactive participants2013-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-019
Number of participants with account balances2013-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: KEMP & ASSOCIATES CPA PC 401K 2012 401k membership
Total participants, beginning-of-year2012-01-018
Total number of active participants reported on line 7a of the Form 55002012-01-019
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-019
Number of participants with account balances2012-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: KEMP & ASSOCIATES CPA PC 401K 2011 401k membership
Total participants, beginning-of-year2011-01-018
Total number of active participants reported on line 7a of the Form 55002011-01-018
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-018
Number of participants with account balances2011-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: KEMP & ASSOCIATES CPA PC 401K 2009 401k membership
Total participants, beginning-of-year2009-01-018
Total number of active participants reported on line 7a of the Form 55002009-01-017
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-017
Number of participants with account balances2009-01-017

Financial Data on KEMP & ASSOCIATES CPA PC 401K

Measure Date Value
2021 : KEMP & ASSOCIATES CPA PC 401K 2021 401k financial data
Total income from all sources2021-12-31$524,738
Expenses. Total of all expenses incurred2021-12-31$60,025
Benefits paid (including direct rollovers)2021-12-31$60,025
Total plan assets at end of year2021-12-31$3,446,850
Total plan assets at beginning of year2021-12-31$2,982,137
Value of fidelity bond covering the plan2021-12-31$350,000
Total contributions received or receivable from participants2021-12-31$66,829
Other income received2021-12-31$441,954
Net income (gross income less expenses)2021-12-31$464,713
Net plan assets at end of year (total assets less liabilities)2021-12-31$3,446,850
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$2,982,137
Total contributions received or receivable from employer(s)2021-12-31$15,955
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$60,025
2020 : KEMP & ASSOCIATES CPA PC 401K 2020 401k financial data
Total income from all sources2020-12-31$490,221
Total plan assets at end of year2020-12-31$2,982,137
Total plan assets at beginning of year2020-12-31$2,491,916
Total contributions received or receivable from participants2020-12-31$88,162
Other income received2020-12-31$384,925
Net income (gross income less expenses)2020-12-31$490,221
Net plan assets at end of year (total assets less liabilities)2020-12-31$2,982,137
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$2,491,916
Total contributions received or receivable from employer(s)2020-12-31$17,134
2019 : KEMP & ASSOCIATES CPA PC 401K 2019 401k financial data
Total income from all sources2019-12-31$516,271
Expenses. Total of all expenses incurred2019-12-31$34,848
Benefits paid (including direct rollovers)2019-12-31$34,848
Total plan assets at end of year2019-12-31$2,491,916
Total plan assets at beginning of year2019-12-31$2,010,493
Total contributions received or receivable from participants2019-12-31$89,193
Other income received2019-12-31$413,522
Net income (gross income less expenses)2019-12-31$481,423
Net plan assets at end of year (total assets less liabilities)2019-12-31$2,491,916
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$2,010,493
Total contributions received or receivable from employer(s)2019-12-31$13,556
2018 : KEMP & ASSOCIATES CPA PC 401K 2018 401k financial data
Total income from all sources2018-12-31$-15,658
Total plan assets at end of year2018-12-31$2,010,493
Total plan assets at beginning of year2018-12-31$2,026,151
Total contributions received or receivable from participants2018-12-31$84,751
Other income received2018-12-31$-111,774
Net income (gross income less expenses)2018-12-31$-15,658
Net plan assets at end of year (total assets less liabilities)2018-12-31$2,010,493
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$2,026,151
Total contributions received or receivable from employer(s)2018-12-31$11,365
2017 : KEMP & ASSOCIATES CPA PC 401K 2017 401k financial data
Total income from all sources2017-12-31$381,495
Total plan assets at end of year2017-12-31$2,026,151
Total plan assets at beginning of year2017-12-31$1,644,656
Total contributions received or receivable from participants2017-12-31$80,299
Other income received2017-12-31$291,516
Net income (gross income less expenses)2017-12-31$381,495
Net plan assets at end of year (total assets less liabilities)2017-12-31$2,026,151
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,644,656
Total contributions received or receivable from employer(s)2017-12-31$9,680
2016 : KEMP & ASSOCIATES CPA PC 401K 2016 401k financial data
Total income from all sources2016-12-31$180,001
Expenses. Total of all expenses incurred2016-12-31$37,695
Benefits paid (including direct rollovers)2016-12-31$37,500
Total plan assets at end of year2016-12-31$1,644,656
Total plan assets at beginning of year2016-12-31$1,502,350
Total contributions received or receivable from participants2016-12-31$79,984
Other income received2016-12-31$90,674
Net income (gross income less expenses)2016-12-31$142,306
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,644,656
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,502,350
Total contributions received or receivable from employer(s)2016-12-31$9,343
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$195
2015 : KEMP & ASSOCIATES CPA PC 401K 2015 401k financial data
Total income from all sources2015-12-31$111,854
Expenses. Total of all expenses incurred2015-12-31$61,627
Benefits paid (including direct rollovers)2015-12-31$61,432
Total plan assets at end of year2015-12-31$1,502,350
Total plan assets at beginning of year2015-12-31$1,452,123
Total contributions received or receivable from participants2015-12-31$77,975
Other income received2015-12-31$24,277
Net income (gross income less expenses)2015-12-31$50,227
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,502,350
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,452,123
Total contributions received or receivable from employer(s)2015-12-31$9,602
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$195
2014 : KEMP & ASSOCIATES CPA PC 401K 2014 401k financial data
Total income from all sources2014-12-31$178,886
Expenses. Total of all expenses incurred2014-12-31$147,741
Benefits paid (including direct rollovers)2014-12-31$147,666
Total plan assets at end of year2014-12-31$1,452,123
Total plan assets at beginning of year2014-12-31$1,420,978
Total contributions received or receivable from participants2014-12-31$77,021
Contributions received from other sources (not participants or employers)2014-12-31$485
Other income received2014-12-31$87,441
Net income (gross income less expenses)2014-12-31$31,145
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,452,123
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,420,978
Total contributions received or receivable from employer(s)2014-12-31$13,939
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$75
2013 : KEMP & ASSOCIATES CPA PC 401K 2013 401k financial data
Total income from all sources2013-12-31$392,953
Expenses. Total of all expenses incurred2013-12-31$30,075
Benefits paid (including direct rollovers)2013-12-31$30,000
Total plan assets at end of year2013-12-31$1,420,978
Total plan assets at beginning of year2013-12-31$1,058,100
Total contributions received or receivable from participants2013-12-31$63,133
Other income received2013-12-31$316,267
Net income (gross income less expenses)2013-12-31$362,878
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,420,978
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,058,100
Total contributions received or receivable from employer(s)2013-12-31$13,553
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$75
2012 : KEMP & ASSOCIATES CPA PC 401K 2012 401k financial data
Total income from all sources2012-12-31$224,405
Expenses. Total of all expenses incurred2012-12-31$75
Total plan assets at end of year2012-12-31$1,058,100
Total plan assets at beginning of year2012-12-31$833,770
Total contributions received or receivable from participants2012-12-31$68,018
Other income received2012-12-31$143,444
Net income (gross income less expenses)2012-12-31$224,330
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,058,100
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$833,770
Total contributions received or receivable from employer(s)2012-12-31$12,943
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$75
2011 : KEMP & ASSOCIATES CPA PC 401K 2011 401k financial data
Total income from all sources2011-12-31$43,564
Expenses. Total of all expenses incurred2011-12-31$75
Total plan assets at end of year2011-12-31$833,770
Total plan assets at beginning of year2011-12-31$790,281
Total contributions received or receivable from participants2011-12-31$74,254
Other income received2011-12-31$-43,964
Net income (gross income less expenses)2011-12-31$43,489
Net plan assets at end of year (total assets less liabilities)2011-12-31$833,770
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$790,281
Total contributions received or receivable from employer(s)2011-12-31$13,274
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$75
2010 : KEMP & ASSOCIATES CPA PC 401K 2010 401k financial data
Total income from all sources2010-12-31$159,726
Expenses. Total of all expenses incurred2010-12-31$75
Total plan assets at end of year2010-12-31$790,281
Total plan assets at beginning of year2010-12-31$630,630
Total contributions received or receivable from participants2010-12-31$71,702
Other income received2010-12-31$75,233
Net income (gross income less expenses)2010-12-31$159,651
Net plan assets at end of year (total assets less liabilities)2010-12-31$790,281
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$630,630
Total contributions received or receivable from employer(s)2010-12-31$12,791
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$75

Form 5500 Responses for KEMP & ASSOCIATES CPA PC 401K

2021: KEMP & ASSOCIATES CPA PC 401K 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: KEMP & ASSOCIATES CPA PC 401K 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: KEMP & ASSOCIATES CPA PC 401K 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: KEMP & ASSOCIATES CPA PC 401K 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: KEMP & ASSOCIATES CPA PC 401K 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: KEMP & ASSOCIATES CPA PC 401K 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: KEMP & ASSOCIATES CPA PC 401K 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: KEMP & ASSOCIATES CPA PC 401K 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: KEMP & ASSOCIATES CPA PC 401K 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: KEMP & ASSOCIATES CPA PC 401K 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: KEMP & ASSOCIATES CPA PC 401K 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: KEMP & ASSOCIATES CPA PC 401K 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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