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KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameKLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN
Plan identification number 001

KLEIN PRODUCTS, INC. 401K 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
  • 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:KLEIN PRODUCTS, INC.
Employer identification number (EIN):952105141
NAIC Classification:333900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012019-01-01
0012018-01-01
0012018-01-01
0012017-01-01VANESSA SMITH2018-09-07
0012016-01-01VANESSA SMITH2017-09-25
0012015-01-01VANESSA SMITH2016-07-13
0012014-01-01VANESSA SMITH2015-07-29
0012013-01-01VANESSA SMITH2014-07-14
0012012-01-01VANESSA SMITH2013-07-17
0012011-01-01VANESSA SMITH2012-10-10
0012010-01-01VANESSA SMITH
0012009-01-01BARRY MCMANUS
0012009-01-01BARRY MCMANUS
0012009-01-01VANESSA SMITH
0012009-01-01VANESSA SMITH
0012009-01-01VANESSA SMITH
0012009-01-01VANESSA SMITH

Plan Statistics for KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2023: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01131
Total number of active participants reported on line 7a of the Form 55002023-01-01118
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0130
Total of all active and inactive participants2023-01-01148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01148
Number of participants with account balances2023-01-01118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-0110
2022: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01130
Total number of active participants reported on line 7a of the Form 55002022-01-01102
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0118
Total of all active and inactive participants2022-01-01120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01120
Number of participants with account balances2022-01-01112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2021: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01131
Total number of active participants reported on line 7a of the Form 55002021-01-01102
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0124
Total of all active and inactive participants2021-01-01126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01126
Number of participants with account balances2021-01-01109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-018
2020: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01130
Total number of active participants reported on line 7a of the Form 55002020-01-01105
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0124
Total of all active and inactive participants2020-01-01129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01129
Number of participants with account balances2020-01-01111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-014
2019: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01125
Total number of active participants reported on line 7a of the Form 55002019-01-01105
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0117
Total of all active and inactive participants2019-01-01122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01122
Number of participants with account balances2019-01-0197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0110
2018: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01122
Total number of active participants reported on line 7a of the Form 55002018-01-0198
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0118
Total of all active and inactive participants2018-01-01116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01116
Number of participants with account balances2018-01-0195
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-019
2010: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01128
Total number of active participants reported on line 7a of the Form 55002010-01-0188
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-016
Total of all active and inactive participants2010-01-0194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0194
Number of participants with account balances2010-01-0166
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0112
2009: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01128
Total number of active participants reported on line 7a of the Form 55002009-01-0172
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0139
Total of all active and inactive participants2009-01-01111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01111
Number of participants with account balances2009-01-0189
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0112

Financial Data on KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2023 : KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2023 401k financial data
Total income from all sources (including contributions)2023-12-31$841,757
Total of all expenses incurred2023-12-31$217,100
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$199,336
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$404,424
Value of total assets at end of year2023-12-31$3,412,421
Value of total assets at beginning of year2023-12-31$2,787,764
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$17,764
Total interest from all sources2023-12-31$10,718
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$279,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$280,425
Participant contributions at end of year2023-12-31$191,475
Participant contributions at beginning of year2023-12-31$208,059
Participant contributions at end of year2023-12-31$0
Participant contributions at beginning of year2023-12-31$3,974
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$184
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$624,657
Value of net assets at end of year (total assets less liabilities)2023-12-31$3,412,421
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$2,787,764
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in pooled separate accounts at end of year2023-12-31$2,817,374
Value of interest in pooled separate accounts at beginning of year2023-12-31$2,247,992
Interest on participant loans2023-12-31$10,718
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$403,572
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$325,796
Net investment gain/loss from pooled separate accounts2023-12-31$426,615
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31Yes
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$123,999
Employer contributions (assets) at end of year2023-12-31$0
Employer contributions (assets) at beginning of year2023-12-31$1,759
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$199,336
Contract administrator fees2023-12-31$499
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-12-31No
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31EIDE BAILLY LLP
Accountancy firm EIN2023-12-31450250958
2022 : KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-231,634
Total of all expenses incurred2022-12-31$507,380
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$488,853
Expenses. Certain deemed distributions of participant loans2022-12-31$1,262
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$363,909
Value of total assets at end of year2022-12-31$2,787,764
Value of total assets at beginning of year2022-12-31$3,526,778
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$17,265
Total interest from all sources2022-12-31$12,381
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$353,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$245,899
Participant contributions at end of year2022-12-31$208,059
Participant contributions at beginning of year2022-12-31$181,803
Participant contributions at end of year2022-12-31$3,974
Participant contributions at beginning of year2022-12-31$2,640
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$184
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$131
Administrative expenses (other) incurred2022-12-31$17,265
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-739,014
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,787,764
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$3,526,778
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$2,247,992
Value of interest in pooled separate accounts at beginning of year2022-12-31$3,085,586
Interest on participant loans2022-12-31$7,715
Interest earned on other investments2022-12-31$4,666
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$325,796
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$255,418
Net investment gain/loss from pooled separate accounts2022-12-31$-607,924
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$118,010
Employer contributions (assets) at end of year2022-12-31$1,759
Employer contributions (assets) at beginning of year2022-12-31$1,200
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$488,853
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31EIDE BAILLY LLP
Accountancy firm EIN2022-12-31450250958
2021 : KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$703,641
Total of all expenses incurred2021-12-31$287,387
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$265,109
Expenses. Certain deemed distributions of participant loans2021-12-31$3,741
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$317,474
Value of total assets at end of year2021-12-31$3,526,778
Value of total assets at beginning of year2021-12-31$3,110,524
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$18,537
Total interest from all sources2021-12-31$9,885
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$312,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$220,447
Participant contributions at end of year2021-12-31$181,803
Participant contributions at beginning of year2021-12-31$132,293
Participant contributions at end of year2021-12-31$2,640
Participant contributions at beginning of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$131
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$68
Administrative expenses (other) incurred2021-12-31$18,537
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$416,254
Value of net assets at end of year (total assets less liabilities)2021-12-31$3,526,778
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$3,110,524
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in pooled separate accounts at end of year2021-12-31$3,085,586
Value of interest in pooled separate accounts at beginning of year2021-12-31$2,817,534
Interest on participant loans2021-12-31$6,522
Interest earned on other investments2021-12-31$3,363
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$255,418
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$160,629
Net investment gain/loss from pooled separate accounts2021-12-31$376,282
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$97,027
Employer contributions (assets) at end of year2021-12-31$1,200
Employer contributions (assets) at beginning of year2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$265,109
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31EIDE BAILLY LLP
Accountancy firm EIN2021-12-31450250958
2020 : KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$841,872
Total of all expenses incurred2020-12-31$161,105
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$144,983
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$339,436
Value of total assets at end of year2020-12-31$3,110,524
Value of total assets at beginning of year2020-12-31$2,429,757
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$16,122
Total interest from all sources2020-12-31$7,795
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$243,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$233,398
Participant contributions at end of year2020-12-31$132,293
Participant contributions at beginning of year2020-12-31$93,210
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$68
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$212
Administrative expenses (other) incurred2020-12-31$16,122
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$680,767
Value of net assets at end of year (total assets less liabilities)2020-12-31$3,110,524
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$2,429,757
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in pooled separate accounts at end of year2020-12-31$2,817,534
Value of interest in pooled separate accounts at beginning of year2020-12-31$2,157,730
Interest on participant loans2020-12-31$5,113
Interest earned on other investments2020-12-31$2,682
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$160,629
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$178,605
Net investment gain/loss from pooled separate accounts2020-12-31$494,641
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$106,038
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$144,983
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31EIDE BAILLY LLP
Accountancy firm EIN2020-12-31450250958
2019 : KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$702,974
Total income from all sources (including contributions)2019-12-31$702,974
Total of all expenses incurred2019-12-31$79,244
Total of all expenses incurred2019-12-31$79,244
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$61,094
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$61,094
Expenses. Certain deemed distributions of participant loans2019-12-31$843
Value of total corrective distributions2019-12-31$1,447
Value of total corrective distributions2019-12-31$1,447
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$316,167
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$316,167
Value of total assets at end of year2019-12-31$2,429,757
Value of total assets at end of year2019-12-31$2,429,757
Value of total assets at beginning of year2019-12-31$1,806,027
Value of total assets at beginning of year2019-12-31$1,806,027
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$15,860
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$15,860
Total interest from all sources2019-12-31$7,617
Total interest from all sources2019-12-31$7,617
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$50,000
Value of fidelity bond cover2019-12-31$50,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$216,122
Contributions received from participants2019-12-31$216,122
Participant contributions at end of year2019-12-31$93,210
Participant contributions at end of year2019-12-31$93,210
Participant contributions at beginning of year2019-12-31$106,940
Participant contributions at beginning of year2019-12-31$106,940
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$212
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$212
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$65
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$65
Administrative expenses (other) incurred2019-12-31$15,860
Administrative expenses (other) incurred2019-12-31$15,860
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$623,730
Value of net income/loss2019-12-31$623,730
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,429,757
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,429,757
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,806,027
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,806,027
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in pooled separate accounts at end of year2019-12-31$2,157,730
Value of interest in pooled separate accounts at end of year2019-12-31$2,157,730
Value of interest in pooled separate accounts at beginning of year2019-12-31$1,544,822
Value of interest in pooled separate accounts at beginning of year2019-12-31$1,544,822
Interest on participant loans2019-12-31$4,969
Interest on participant loans2019-12-31$4,969
Interest earned on other investments2019-12-31$2,648
Interest earned on other investments2019-12-31$2,648
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$178,605
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$178,605
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$154,200
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$154,200
Net investment gain/loss from pooled separate accounts2019-12-31$379,190
Net investment gain/loss from pooled separate accounts2019-12-31$379,190
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$100,045
Contributions received in cash from employer2019-12-31$100,045
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$61,094
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$61,094
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31EIDE BAILLY LLP
Accountancy firm name2019-12-31EIDE BAILLY LLP
Accountancy firm EIN2019-12-31450250958
Accountancy firm EIN2019-12-31450250958
2018 : KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$193,644
Total of all expenses incurred2018-12-31$145,567
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$126,126
Expenses. Certain deemed distributions of participant loans2018-12-31$1,741
Value of total corrective distributions2018-12-31$2,654
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$294,856
Value of total assets at end of year2018-12-31$1,806,027
Value of total assets at beginning of year2018-12-31$1,757,950
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$15,046
Total interest from all sources2018-12-31$8,136
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$50,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$202,387
Participant contributions at end of year2018-12-31$106,940
Participant contributions at beginning of year2018-12-31$125,801
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$65
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$0
Administrative expenses (other) incurred2018-12-31$15,046
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$48,077
Value of net assets at end of year (total assets less liabilities)2018-12-31$1,806,027
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$1,757,950
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in pooled separate accounts at end of year2018-12-31$1,544,822
Value of interest in pooled separate accounts at beginning of year2018-12-31$1,508,384
Interest on participant loans2018-12-31$6,303
Interest earned on other investments2018-12-31$1,833
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$154,200
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$123,765
Net investment gain/loss from pooled separate accounts2018-12-31$-109,348
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$92,469
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$126,126
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31EIDE BAILLY LLP
Accountancy firm EIN2018-12-31450250958
2010 : KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$221,787
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$116,121
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$103,664
Value of total corrective distributions2010-12-31$410
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$143,818
Value of total assets at end of year2010-12-31$751,416
Value of total assets at beginning of year2010-12-31$645,750
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$12,047
Total interest from all sources2010-12-31$1,586
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$5,171
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$75,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$67,344
Participant contributions at end of year2010-12-31$47,672
Participant contributions at beginning of year2010-12-31$33,184
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$19,578
Other income not declared elsewhere2010-12-31$2,519
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$105,666
Value of net assets at end of year (total assets less liabilities)2010-12-31$751,416
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$645,750
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$6,876
Value of interest in pooled separate accounts at end of year2010-12-31$603,355
Value of interest in pooled separate accounts at beginning of year2010-12-31$509,768
Interest on participant loans2010-12-31$1,586
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$100,389
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$102,798
Net investment gain/loss from pooled separate accounts2010-12-31$73,864
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$56,896
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$103,664
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31VAVRINEK, TRINE, DAY, AND CO. LLP
Accountancy firm EIN2010-12-31952648289
2009 : KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN

2023: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedYes
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedYes
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2010: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: KLEIN PRODUCTS, INC. 401K PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number997921
Policy instance 1
Insurance contract or identification number997921
Number of Individuals Covered118
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $7,182
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number997921
Policy instance 1
Insurance contract or identification number997921
Number of Individuals Covered112
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $7,042
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $7,042
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number997921
Policy instance 1
Insurance contract or identification number997921
Number of Individuals Covered109
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $8,060
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $8,060
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number997921
Policy instance 1
Insurance contract or identification number997921
Number of Individuals Covered111
Insurance policy start date2020-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $6,140
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $6,140
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number997921
Policy instance 1
Insurance contract or identification number997921
Number of Individuals Covered97
Insurance policy start date2019-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $5,090
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $5,090
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number997921
Policy instance 1
Insurance contract or identification number997921
Number of Individuals Covered95
Total amount of commissions paid to insurance brokerUSD $4,329
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $4,329
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number997921
Policy instance 1
Insurance contract or identification number997921
Number of Individuals Covered66
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $1,626
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?No
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

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