401k Plan data: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN plan

KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN
Plan identification number	001

KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
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

KLMN PAINTING CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: KLMN PAINTING CORPORATION

Employer identification number (EIN): 842252557

NAIC Classification: 238300

Additional information about KLMN PAINTING CORPORATION

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 2019-06-28

Company Identification Number: 0845962

Legal Registered Office Address: 7385 OLD MILL PLANTATION DRIVE

ROANOKE
United States of America (USA)
24018

More information about KLMN PAINTING CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-06-28

Plan Statistics for KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN

Measure Date Value
2023: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 3
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 0
Total of all active and inactive participants 2023-01-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 3
Number of participants with account balances 2023-01-01 3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 3
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 3
Number of participants with account balances 2022-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 3
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 0
Total of all active and inactive participants 2021-01-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 3
Number of participants with account balances 2021-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 2
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 2
Number of participants with account balances 2020-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-06-28 2
Total number of active participants reported on line 7a of the Form 5500 2019-06-28 2
Number of retired or separated participants receiving benefits 2019-06-28 0
Number of other retired or separated participants entitled to future benefits 2019-06-28 0
Total of all active and inactive participants 2019-06-28 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-06-28 0
Total participants 2019-06-28 2
Number of participants with account balances 2019-06-28 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-06-28 0

Measure	Date	Value
2023: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	3
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	0
Total of all active and inactive participants	2023-01-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	3
Number of participants with account balances	2023-01-01	3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	3
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	3
Number of participants with account balances	2022-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	3
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	0
Total of all active and inactive participants	2021-01-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	3
Number of participants with account balances	2021-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	2
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	2
Number of participants with account balances	2020-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-06-28	2
Total number of active participants reported on line 7a of the Form 5500	2019-06-28	2
Number of retired or separated participants receiving benefits	2019-06-28	0
Number of other retired or separated participants entitled to future benefits	2019-06-28	0
Total of all active and inactive participants	2019-06-28	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-06-28	0
Total participants	2019-06-28	2
Number of participants with account balances	2019-06-28	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-06-28	0

Financial Data on KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2023 : KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2023 401k financial data
Total income from all sources	2023-12-31	$310,332
Expenses. Total of all expenses incurred	2023-12-31	$0
Benefits paid (including direct rollovers)	2023-12-31	$0
Total plan assets at end of year	2023-12-31	$1,140,148
Total plan assets at beginning of year	2023-12-31	$829,816
Value of fidelity bond covering the plan	2023-12-31	$82,982
Total contributions received or receivable from participants	2023-12-31	$61,395
Expenses. Other expenses not covered elsewhere	2023-12-31	$0
Contributions received from other sources (not participants or employers)	2023-12-31	$0
Other income received	2023-12-31	$187,542
Noncash contributions received	2023-12-31	$0
Net income (gross income less expenses)	2023-12-31	$310,332
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$1,140,148
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$829,816
Assets. Value of employer securities	2023-12-31	$948,342
Total contributions received or receivable from employer(s)	2023-12-31	$61,395
Value of certain deemed distributions of participant loans	2023-12-31	$0
Value of corrective distributions	2023-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$0
2022 : KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$514,547
Expenses. Total of all expenses incurred	2022-12-31	$0
Benefits paid (including direct rollovers)	2022-12-31	$0
Total plan assets at end of year	2022-12-31	$829,816
Total plan assets at beginning of year	2022-12-31	$315,269
Value of fidelity bond covering the plan	2022-12-31	$40,000
Total contributions received or receivable from participants	2022-12-31	$1,188
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$0
Other income received	2022-12-31	$513,359
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$514,547
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$829,816
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$315,269
Assets. Value of employer securities	2022-12-31	$767,004
Total contributions received or receivable from employer(s)	2022-12-31	$0
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$0
2021 : KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$276,843
Expenses. Total of all expenses incurred	2021-12-31	$0
Benefits paid (including direct rollovers)	2021-12-31	$0
Total plan assets at end of year	2021-12-31	$315,269
Total plan assets at beginning of year	2021-12-31	$38,426
Total contributions received or receivable from participants	2021-12-31	$26,000
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$0
Other income received	2021-12-31	$218,343
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$276,843
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$315,269
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$38,426
Assets. Value of employer securities	2021-12-31	$255,798
Total contributions received or receivable from employer(s)	2021-12-31	$32,500
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$0
2020 : KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$-183,543
Expenses. Total of all expenses incurred	2020-12-31	$0
Benefits paid (including direct rollovers)	2020-12-31	$0
Total plan assets at end of year	2020-12-31	$38,426
Total plan assets at beginning of year	2020-12-31	$221,969
Total contributions received or receivable from participants	2020-12-31	$0
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$0
Other income received	2020-12-31	$-183,543
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$-183,543
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$38,426
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$221,969
Assets. Value of employer securities	2020-12-31	$37,456
Total contributions received or receivable from employer(s)	2020-12-31	$0
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$0
2019 : KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$222,019
Expenses. Total of all expenses incurred	2019-12-31	$50
Benefits paid (including direct rollovers)	2019-12-31	$0
Total plan assets at end of year	2019-12-31	$221,969
Total plan assets at beginning of year	2019-12-31	$0
Total contributions received or receivable from participants	2019-12-31	$0
Expenses. Other expenses not covered elsewhere	2019-12-31	$50
Contributions received from other sources (not participants or employers)	2019-12-31	$222,000
Other income received	2019-12-31	$19
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$221,969
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$221,969
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$0
Assets. Value of employer securities	2019-12-31	$221,000
Total contributions received or receivable from employer(s)	2019-12-31	$0
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$0

Form 5500 Responses for KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN

2023: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: KLMN PAINTING CORPORATION 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-06-28	Type of plan entity	Single employer plan
2019-06-28	First time form 5500 has been submitted	Yes
2019-06-28	Submission has been amended	No
2019-06-28	This submission is the final filing	No
2019-06-28	This return/report is a short plan year return/report (less than 12 months)	Yes
2019-06-28	Plan is a collectively bargained plan	No
2019-06-28	Plan funding arrangement – Trust	Yes
2019-06-28	Plan benefit arrangement - Trust	Yes

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Company Name:	KLMN PAINTING CORPORATION
Employer identification number (EIN):	842252557
NAIC Classification:	238300

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	2019-06-28
Company Identification Number:	0845962
Legal Registered Office Address:	7385 OLD MILL PLANTATION DRIVE ROANOKE United States of America (USA) 24018