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K.T. FABRICATION, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameK.T. FABRICATION, INC. PROFIT SHARING PLAN
Plan identification number 003

K.T. FABRICATION, INC. PROFIT SHARING PLAN 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
  • 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

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

Company Name:KT FABRICATION, INC.
Employer identification number (EIN):860697267
NAIC Classification:236200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan K.T. FABRICATION, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-07-01JUSTIN TIDWELL2024-04-08
0032021-07-01JUSTIN TIDWELL2023-03-11
0032020-07-01
0032019-07-01
0032017-07-01
0032014-07-01
0032013-07-01DAVID TIDWELL2015-01-13
0032012-07-01DAVID TIDWELL2013-11-06
0032011-07-01DAVID TIDWELL2013-03-22
0032009-07-01DAVID TIDWELL
0032009-07-01DAVID TIDWELL

Plan Statistics for K.T. FABRICATION, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for K.T. FABRICATION, INC. PROFIT SHARING PLAN

Measure Date Value
2025: K.T. FABRICATION, INC. PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-11100
Total number of particpants at end of year2025-07-11121
Number of Participants With Account Balances2025-07-11105
2022: K.T. FABRICATION, INC. PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-07-01114
Total number of active participants reported on line 7a of the Form 55002022-07-0178
Number of retired or separated participants receiving benefits2022-07-010
Number of other retired or separated participants entitled to future benefits2022-07-0120
Total of all active and inactive participants2022-07-0198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-07-010
Total participants2022-07-0198
Number of participants with account balances2022-07-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-07-015
2021: K.T. FABRICATION, INC. PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-07-01133
Total number of active participants reported on line 7a of the Form 55002021-07-0182
Number of retired or separated participants receiving benefits2021-07-010
Number of other retired or separated participants entitled to future benefits2021-07-0128
Total of all active and inactive participants2021-07-01110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-07-010
Total participants2021-07-01110
Number of participants with account balances2021-07-0193
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-07-0113
2009: K.T. FABRICATION, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-07-0186
Total number of active participants reported on line 7a of the Form 55002009-07-0160
Number of retired or separated participants receiving benefits2009-07-0119
Number of other retired or separated participants entitled to future benefits2009-07-010
Total of all active and inactive participants2009-07-0179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-07-010
Total participants2009-07-0179
Number of participants with account balances2009-07-0142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-07-014

Financial Data on K.T. FABRICATION, INC. PROFIT SHARING PLAN

Measure Date Value
2025 : K.T. FABRICATION, INC. PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-11293751
Net assets as of the end of the plan year2025-07-111976205
Total assets as of the beginning of the plan year2025-07-111780199
Value of plan covered by a fidelity bond2025-07-11177319
Participant contributions to plan in this plan year2025-07-11241368
Value of participant loans at end of plan year2025-07-1141044
Other contributions to plan in this plan year2025-07-1118900
Other income to plan in this plan year2025-07-11229489
Plan net income in this plan year2025-07-11196006
Net assets as of the end of the plan year2025-07-111976205
Net assets as of the beginning of the plan year2025-07-111780199
2023 : K.T. FABRICATION, INC. PROFIT SHARING PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-06-30$0
Total income from all sources (including contributions)2023-06-30$159,407
Total loss/gain on sale of assets2023-06-30$0
Total of all expenses incurred2023-06-30$152,399
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-06-30$121,802
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-06-30$0
Value of total assets at end of year2023-06-30$1,780,199
Value of total assets at beginning of year2023-06-30$1,773,191
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-06-30$30,597
Total interest from all sources2023-06-30$3,697
Total dividends received (eg from common stock, registered investment company shares)2023-06-30$40,872
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-06-30No
Total dividends received from registered investment company shares (eg mutual funds)2023-06-30$40,872
Administrative expenses professional fees incurred2023-06-30$60
Was this plan covered by a fidelity bond2023-06-30Yes
Value of fidelity bond cover2023-06-30$177,319
If this is an individual account plan, was there a blackout period2023-06-30No
Were there any nonexempt tranactions with any party-in-interest2023-06-30No
Participant contributions at end of year2023-06-30$52,404
Participant contributions at beginning of year2023-06-30$51,988
Other income not declared elsewhere2023-06-30$26,391
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-06-30No
Value of net income/loss2023-06-30$7,008
Value of net assets at end of year (total assets less liabilities)2023-06-30$1,780,199
Value of net assets at beginning of year (total assets less liabilities)2023-06-30$1,773,191
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2023-06-30No
Were any leases to which the plan was party in default or uncollectible2023-06-30No
Investment advisory and management fees2023-06-30$30,537
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-06-30$1,693,252
Interest on participant loans2023-06-30$3,217
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-06-30$1,727,795
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-06-30$27,951
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-06-30$27,951
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-06-30$480
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-06-30$88,447
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-06-30Yes
Was there a failure to transmit to the plan any participant contributions2023-06-30No
Has the plan failed to provide any benefit when due under the plan2023-06-30No
Employer contributions (assets) at beginning of year2023-06-30$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-06-30$121,802
Did the plan have assets held for investment2023-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-06-30No
Opinion of an independent qualified public accountant for this plan2023-06-30Unqualified
Accountancy firm name2023-06-30WALLACE, PLESE + DREHER, L.L.P
Accountancy firm EIN2023-06-30860841383
2022 : K.T. FABRICATION, INC. PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-07-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-07-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-07-01$0
Total income from all sources (including contributions)2022-07-01$159,407
Total loss/gain on sale of assets2022-07-01$0
Total of all expenses incurred2022-07-01$152,399
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-07-01$121,802
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-07-01$0
Value of total assets at end of year2022-07-01$1,780,199
Value of total assets at beginning of year2022-07-01$1,773,191
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-07-01$30,597
Total interest from all sources2022-07-01$3,697
Total dividends received (eg from common stock, registered investment company shares)2022-07-01$40,872
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-07-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-07-01$40,872
Administrative expenses professional fees incurred2022-07-01$60
Was this plan covered by a fidelity bond2022-07-01Yes
Value of fidelity bond cover2022-07-01$177,319
If this is an individual account plan, was there a blackout period2022-07-01No
Were there any nonexempt tranactions with any party-in-interest2022-07-01No
Participant contributions at end of year2022-07-01$52,404
Participant contributions at beginning of year2022-07-01$51,988
Other income not declared elsewhere2022-07-01$26,391
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-07-01No
Value of net income/loss2022-07-01$7,008
Value of net assets at end of year (total assets less liabilities)2022-07-01$1,780,199
Value of net assets at beginning of year (total assets less liabilities)2022-07-01$1,773,191
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-07-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-07-01No
Were any leases to which the plan was party in default or uncollectible2022-07-01No
Investment advisory and management fees2022-07-01$30,537
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-07-01$1,693,252
Interest on participant loans2022-07-01$3,217
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-07-01$1,727,795
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-07-01$480
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-07-01$88,447
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-07-01Yes
Was there a failure to transmit to the plan any participant contributions2022-07-01No
Has the plan failed to provide any benefit when due under the plan2022-07-01No
Employer contributions (assets) at beginning of year2022-07-01$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-07-01$121,802
Did the plan have assets held for investment2022-07-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-07-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-07-01No
Opinion of an independent qualified public accountant for this plan2022-07-011
Accountancy firm name2022-07-01WALLACE, PLESE + DREHER, L.L.P
Accountancy firm EIN2022-07-01860841383
Total unrealized appreciation/depreciation of assets2022-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-06-30$0
Total income from all sources (including contributions)2022-06-30$-242,943
Total loss/gain on sale of assets2022-06-30$0
Total of all expenses incurred2022-06-30$15,821
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-06-30$1,478
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-06-30$0
Value of total assets at end of year2022-06-30$1,773,191
Value of total assets at beginning of year2022-06-30$2,031,955
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-06-30$14,343
Total interest from all sources2022-06-30$3,033
Total dividends received (eg from common stock, registered investment company shares)2022-06-30$40,588
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-06-30No
Total dividends received from registered investment company shares (eg mutual funds)2022-06-30$40,588
Administrative expenses professional fees incurred2022-06-30$14,343
Was this plan covered by a fidelity bond2022-06-30Yes
Value of fidelity bond cover2022-06-30$203,195
If this is an individual account plan, was there a blackout period2022-06-30No
Were there any nonexempt tranactions with any party-in-interest2022-06-30No
Participant contributions at end of year2022-06-30$51,988
Participant contributions at beginning of year2022-06-30$54,789
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-06-30No
Value of net income/loss2022-06-30$-258,764
Value of net assets at end of year (total assets less liabilities)2022-06-30$1,773,191
Value of net assets at beginning of year (total assets less liabilities)2022-06-30$2,031,955
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2022-06-30No
Were any leases to which the plan was party in default or uncollectible2022-06-30No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-06-30$1,693,252
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-06-30$1,643,332
Interest on participant loans2022-06-30$3,033
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-06-30$27,951
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-06-30$33,834
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-06-30$33,834
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-06-30$-286,564
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-06-30Yes
Was there a failure to transmit to the plan any participant contributions2022-06-30No
Has the plan failed to provide any benefit when due under the plan2022-06-30No
Employer contributions (assets) at end of year2022-06-30$0
Employer contributions (assets) at beginning of year2022-06-30$300,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-06-30$1,478
Did the plan have assets held for investment2022-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-06-30No
Opinion of an independent qualified public accountant for this plan2022-06-30Unqualified
Accountancy firm name2022-06-30WALLACE, PLESE + DREHER, L.L.P.
Accountancy firm EIN2022-06-30860841383
2011 : K.T. FABRICATION, INC. PROFIT SHARING PLAN 2011 401k financial data
Transfers to/from the plan2011-06-30$0
Total plan liabilities at end of year2011-06-30$0
Total plan liabilities at beginning of year2011-06-30$0
Total income from all sources2011-06-30$300,443
Expenses. Total of all expenses incurred2011-06-30$48,746
Benefits paid (including direct rollovers)2011-06-30$36,054
Total plan assets at end of year2011-06-30$1,607,689
Total plan assets at beginning of year2011-06-30$1,355,992
Value of fidelity bond covering the plan2011-06-30$150,000
Total contributions received or receivable from participants2011-06-30$0
Expenses. Other expenses not covered elsewhere2011-06-30$0
Contributions received from other sources (not participants or employers)2011-06-30$0
Other income received2011-06-30$300,443
Noncash contributions received2011-06-30$0
Net income (gross income less expenses)2011-06-30$251,697
Net plan assets at end of year (total assets less liabilities)2011-06-30$1,607,689
Net plan assets at beginning of year (total assets less liabilities)2011-06-30$1,355,992
Assets. Value of participant loans2011-06-30$60,818
Total contributions received or receivable from employer(s)2011-06-30$0
Value of certain deemed distributions of participant loans2011-06-30$0
Value of corrective distributions2011-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-06-30$12,692

Form 5500 Responses for K.T. FABRICATION, INC. PROFIT SHARING PLAN

2022: K.T. FABRICATION, INC. PROFIT SHARING PLAN 2022 form 5500 responses
2022-07-01Type of plan entitySingle employer plan
2022-07-01Submission has been amendedNo
2022-07-01This submission is the final filingNo
2022-07-01This return/report is a short plan year return/report (less than 12 months)No
2022-07-01Plan is a collectively bargained planNo
2022-07-01Plan funding arrangement – TrustYes
2022-07-01Plan benefit arrangement - TrustYes
2021: K.T. FABRICATION, INC. PROFIT SHARING PLAN 2021 form 5500 responses
2021-07-01Type of plan entitySingle employer plan
2021-07-01Submission has been amendedNo
2021-07-01This submission is the final filingNo
2021-07-01This return/report is a short plan year return/report (less than 12 months)No
2021-07-01Plan is a collectively bargained planNo
2021-07-01Plan funding arrangement – TrustYes
2021-07-01Plan benefit arrangement - TrustYes
2009: K.T. FABRICATION, INC. PROFIT SHARING PLAN 2009 form 5500 responses
2009-07-01Type of plan entitySingle employer plan
2009-07-01Submission has been amendedYes
2009-07-01Plan funding arrangement – TrustYes
2009-07-01Plan benefit arrangement - TrustYes

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