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KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameKLASSEN CORPORATION 401(K) PROFIT SHARING PLAN
Plan identification number 001

KLASSEN CORPORATION 401(K) 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

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

Company Name:KLASSEN CORPORATION
Employer identification number (EIN):953137506
NAIC Classification:236200

Additional information about KLASSEN CORPORATION

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2009-04-20
Company Identification Number: 0801112749
Legal Registered Office Address: 2021 WESTWIND DR

BAKERSFIELD
United States of America (USA)
93301

More information about KLASSEN CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KLASSEN CORPORATION 401(K) 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
0012018-01-01GREG ANZALONE
0012017-01-01GREG ANZALONE
0012016-01-01TROY FRINGER2017-05-15
0012015-01-01TROY FRINGER2016-06-17
0012014-01-01L. PHIL KLASSEN2015-06-16
0012013-01-01PHIL KLASSEN2014-07-11
0012012-01-01JERRY D. KLASSEN2013-09-16
0012011-01-01JERRY D. KLASSEN2012-07-24
0012010-01-01JERRY D. KLASSEN2011-07-25

Plan Statistics for KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN

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

Measure Date Value
2023: KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0184
Total number of active participants reported on line 7a of the Form 55002023-01-0167
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0117
Total of all active and inactive participants2023-01-0184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0184
Number of participants with account balances2023-01-0157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-013
2022: KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0185
Total number of active participants reported on line 7a of the Form 55002022-01-0173
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0111
Total of all active and inactive participants2022-01-0184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0184
Number of participants with account balances2022-01-0157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-013
2021: KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0176
Total number of active participants reported on line 7a of the Form 55002021-01-0172
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0113
Total of all active and inactive participants2021-01-0185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0185
Number of participants with account balances2021-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-014
2020: KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0173
Total number of active participants reported on line 7a of the Form 55002020-01-0164
Number of other retired or separated participants entitled to future benefits2020-01-0112
Total of all active and inactive participants2020-01-0176
Total participants2020-01-0176
Number of participants with account balances2020-01-0163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-014
2019: KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0163
Total number of active participants reported on line 7a of the Form 55002019-01-0166
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-017
Total of all active and inactive participants2019-01-0173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0173
Number of participants with account balances2019-01-0155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0156
Total number of active participants reported on line 7a of the Form 55002018-01-0156
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-017
Total of all active and inactive participants2018-01-0163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0163
Number of participants with account balances2018-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0157
Total number of active participants reported on line 7a of the Form 55002017-01-0146
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0110
Total of all active and inactive participants2017-01-0156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0156
Number of participants with account balances2017-01-0146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-012

Financial Data on KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN

Measure Date Value
2023 : KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$948,951
Expenses. Total of all expenses incurred2023-12-31$324,863
Benefits paid (including direct rollovers)2023-12-31$324,373
Total plan assets at end of year2023-12-31$4,552,173
Total plan assets at beginning of year2023-12-31$3,928,085
Value of fidelity bond covering the plan2023-12-31$425,000
Assets. Value of tangible personal property2023-12-31$0
Total contributions received or receivable from participants2023-12-31$245,193
Assets. Value of loans (other than to participants)2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$18,112
Other income received2023-12-31$684,868
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$624,088
Net plan assets at end of year (total assets less liabilities)2023-12-31$4,552,173
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$3,928,085
Assets. Value of participant loans2023-12-31$74,834
Assets. Value of assets in partnership/joint-venture interests2023-12-31$0
Assets. Value of real-estate (other than employer real property)2023-12-31$0
Assets. Value of employer securities2023-12-31$0
Assets. Value of employer real property2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$778
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$490
2022 : KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-521,075
Expenses. Total of all expenses incurred2022-12-31$138,361
Benefits paid (including direct rollovers)2022-12-31$137,612
Total plan assets at end of year2022-12-31$3,928,085
Total plan assets at beginning of year2022-12-31$4,587,521
Value of fidelity bond covering the plan2022-12-31$425,000
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$263,371
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$28,419
Other income received2022-12-31$-812,865
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-659,436
Net plan assets at end of year (total assets less liabilities)2022-12-31$3,928,085
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$4,587,521
Assets. Value of participant loans2022-12-31$101,780
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$0
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$749
2021 : KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$1,111,730
Expenses. Total of all expenses incurred2021-12-31$887,737
Benefits paid (including direct rollovers)2021-12-31$887,456
Total plan assets at end of year2021-12-31$4,587,521
Total plan assets at beginning of year2021-12-31$4,363,528
Value of fidelity bond covering the plan2021-12-31$425,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$303,168
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$606,610
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$223,993
Net plan assets at end of year (total assets less liabilities)2021-12-31$4,587,521
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$4,363,528
Assets. Value of participant loans2021-12-31$83,452
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$201,952
Value of certain deemed distributions of participant loans2021-12-31$-4,559
Value of corrective distributions2021-12-31$4,351
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$489
2020 : KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$1,353,888
Expenses. Total of all expenses incurred2020-12-31$1,013,799
Benefits paid (including direct rollovers)2020-12-31$1,008,497
Total plan assets at end of year2020-12-31$4,363,528
Total plan assets at beginning of year2020-12-31$4,023,439
Value of fidelity bond covering the plan2020-12-31$425,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$316,201
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$765,633
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$340,089
Net plan assets at end of year (total assets less liabilities)2020-12-31$4,363,528
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$4,023,439
Assets. Value of participant loans2020-12-31$113,301
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$272,054
Value of certain deemed distributions of participant loans2020-12-31$4,559
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$743
2019 : KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$1,097,826
Expenses. Total of all expenses incurred2019-12-31$18,018
Benefits paid (including direct rollovers)2019-12-31$17,613
Total plan assets at end of year2019-12-31$4,023,439
Total plan assets at beginning of year2019-12-31$2,943,631
Value of fidelity bond covering the plan2019-12-31$425,000
Total contributions received or receivable from participants2019-12-31$287,282
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$658,157
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$1,079,808
Net plan assets at end of year (total assets less liabilities)2019-12-31$4,023,439
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$2,943,631
Assets. Value of participant loans2019-12-31$138,817
Total contributions received or receivable from employer(s)2019-12-31$152,387
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$405
2018 : KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$176,947
Expenses. Total of all expenses incurred2018-12-31$274,565
Benefits paid (including direct rollovers)2018-12-31$273,393
Total plan assets at end of year2018-12-31$2,943,631
Total plan assets at beginning of year2018-12-31$3,041,249
Value of fidelity bond covering the plan2018-12-31$425,000
Total contributions received or receivable from participants2018-12-31$206,435
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$25,011
Other income received2018-12-31$-208,714
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-97,618
Net plan assets at end of year (total assets less liabilities)2018-12-31$2,943,631
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$3,041,249
Assets. Value of participant loans2018-12-31$60,299
Total contributions received or receivable from employer(s)2018-12-31$154,215
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$1,172
2017 : KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$568,839
Expenses. Total of all expenses incurred2017-12-31$315,195
Benefits paid (including direct rollovers)2017-12-31$301,123
Total plan assets at end of year2017-12-31$3,041,249
Total plan assets at beginning of year2017-12-31$2,787,605
Value of fidelity bond covering the plan2017-12-31$425,000
Total contributions received or receivable from participants2017-12-31$200,762
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$368,077
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$253,644
Net plan assets at end of year (total assets less liabilities)2017-12-31$3,041,249
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$2,787,605
Assets. Value of participant loans2017-12-31$107,156
Total contributions received or receivable from employer(s)2017-12-31$0
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$14,072

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

2023: KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: KLASSEN CORPORATION 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

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