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RETIREMENT PLAN OF KERNS MANUFACTURING CORP DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameRETIREMENT PLAN OF KERNS MANUFACTURING CORP DEFINED BENEFIT PENSION PLAN
Plan identification number 002

RETIREMENT PLAN OF KERNS MANUFACTURING CORP DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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

KERNS MANUFACTURING CORP. has sponsored the creation of one or more 401k plans.

Company Name:KERNS MANUFACTURING CORP.
Employer identification number (EIN):111613018
NAIC Classification:339900

Additional information about KERNS MANUFACTURING CORP.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1950-01-24
Company Identification Number: 82279
Legal Registered Office Address: 3714 29th St
Kings
Long Island City
United States of America (USA)
111012690

More information about KERNS MANUFACTURING CORP.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN OF KERNS MANUFACTURING CORP DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-31BEHNAM MOVASEGHI2023-05-25 BEHNAM MOVASEGHI2023-05-25
0022021-01-31BEHNAM MOVASEGHI2022-04-13
0022020-01-31BEHNAM MOVASEGHI2021-04-21
0022019-01-31BEN MOVASEGHI2020-07-09
0022018-01-31BEHNAM MOVASEGHI2019-09-27
0022018-01-31BEN MOVASEGHI2019-09-27
0022017-01-31BEHNAM MOVASEGHI2018-05-15
0022017-01-31BEHNAM MOVESEGHI2018-08-31
0022016-01-31ROBERT ARRIGHI2017-08-01
0022015-01-31ROBERT ARRIGHI2016-05-16
0022014-01-31ROBERT ARRIGHI2015-09-14
0022013-01-31ROBERT ARRIGHI2014-08-20
0022012-01-31ROBERT ARRIGHI2013-08-15
0022011-01-31ROBERT ARRIGHI2012-08-14
0022010-01-31ROBERT ARRIGHI2011-08-11

Plan Statistics for RETIREMENT PLAN OF KERNS MANUFACTURING CORP DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for RETIREMENT PLAN OF KERNS MANUFACTURING CORP DEFINED BENEFIT PENSION PLAN

Measure Date Value
2023: RETIREMENT PLAN OF KERNS MANUFACTURING CORP DEFINED BENEFIT PENSION PLAN 2023 401k membership
Market value of plan assets2023-01-301,621,348
Acturial value of plan assets2023-01-301,621,348
Funding target for retired participants and beneficiaries receiving payment2023-01-30378,503
Number of terminated vested participants2023-01-3011
Fundng target for terminated vested participants2023-01-30177,515
Active participant vested funding target2023-01-3069,214
Number of active participants2023-01-307
Total funding liabilities for active participants2023-01-3069,214
Total participant count2023-01-3054
Total funding target for all participants2023-01-30625,232
Balance at beginning of prior year after applicable adjustments2023-01-300
Prefunding balance at beginning of prior year after applicable adjustments2023-01-30626,854
Carryover balanced portion elected for use to offset prior years funding requirement2023-01-300
Prefunding balanced used to offset prior years funding requirement2023-01-300
Amount remaining of carryover balance2023-01-300
Amount remaining of prefunding balance2023-01-30626,854
Present value of excess contributions2023-01-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-01-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-01-300
Reductions in caryover balances due to elections or deemed elections2023-01-300
Reductions in prefunding balances due to elections or deemed elections2023-01-300
Balance of carryovers at beginning of current year2023-01-300
Balance of prefunding at beginning of current year2023-01-30684,713
Contributions allocated toward unpaid minimum require contributions from prior years2023-01-300
Contributions made to avoid restrictions adjusted to valuation date2023-01-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-01-300
Unpaid minimum required contributions for all prior years2023-01-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-01-300
Remaining amount of unpaid minimum required contributions2023-01-300
Minimum required contributions for current year target normal cost2023-01-300
Net shortfall amortization installment of oustanding balance2023-01-300
Waiver amortization installment2023-01-300
Total funding amount beforereflecting carryover/prefunding balances2023-01-300
Carryover balance elected to use to offset funding requirement2023-01-300
Prefunding balance elected to use to offset funding requirement2023-01-300
Additional cash requirement2023-01-300
Contributions allocatedtoward minimum required contributions for current year2023-01-300
Unpaid minimum required contributions for current year2023-01-300
Unpaid minimum required contributions for all years2023-01-300
2022: RETIREMENT PLAN OF KERNS MANUFACTURING CORP DEFINED BENEFIT PENSION PLAN 2022 401k membership
Market value of plan assets2022-01-301,532,365
Acturial value of plan assets2022-01-301,532,365
Funding target for retired participants and beneficiaries receiving payment2022-01-30418,615
Number of terminated vested participants2022-01-3011
Fundng target for terminated vested participants2022-01-30169,350
Active participant vested funding target2022-01-3076,863
Number of active participants2022-01-308
Total funding liabilities for active participants2022-01-3076,863
Total participant count2022-01-3056
Total funding target for all participants2022-01-30664,828
Balance at beginning of prior year after applicable adjustments2022-01-300
Prefunding balance at beginning of prior year after applicable adjustments2022-01-30528,030
Carryover balanced portion elected for use to offset prior years funding requirement2022-01-300
Prefunding balanced used to offset prior years funding requirement2022-01-300
Amount remaining of carryover balance2022-01-300
Amount remaining of prefunding balance2022-01-30528,030
Present value of excess contributions2022-01-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-01-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-01-300
Reductions in caryover balances due to elections or deemed elections2022-01-300
Reductions in prefunding balances due to elections or deemed elections2022-01-300
Balance of carryovers at beginning of current year2022-01-300
Balance of prefunding at beginning of current year2022-01-30626,854
Total employer contributions2022-01-300
Total employee contributions2022-01-300
Contributions allocated toward unpaid minimum require contributions from prior years2022-01-300
Contributions made to avoid restrictions adjusted to valuation date2022-01-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-01-300
Liquidity shortfalls end of Q12022-01-300
Liquidity shortfalls end of Q22022-01-300
Liquidity shortfalls end of Q32022-01-300
Liquidity shortfalls end of Q42022-01-300
Unpaid minimum required contributions for all prior years2022-01-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-01-300
Remaining amount of unpaid minimum required contributions2022-01-300
Minimum required contributions for current year target normal cost2022-01-300
Net shortfall amortization installment of oustanding balance2022-01-300
Waiver amortization installment2022-01-300
Total funding amount beforereflecting carryover/prefunding balances2022-01-300
Carryover balance elected to use to offset funding requirement2022-01-300
Prefunding balance elected to use to offset funding requirement2022-01-300
Additional cash requirement2022-01-300
Contributions allocatedtoward minimum required contributions for current year2022-01-300
Unpaid minimum required contributions for current year2022-01-300
Unpaid minimum required contributions for all years2022-01-300
2021: RETIREMENT PLAN OF KERNS MANUFACTURING CORP DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets2021-01-301,358,895
Acturial value of plan assets2021-01-301,358,895
Funding target for retired participants and beneficiaries receiving payment2021-01-30453,267
Number of terminated vested participants2021-01-3011
Fundng target for terminated vested participants2021-01-30154,599
Active participant vested funding target2021-01-3091,789
Number of active participants2021-01-3010
Total funding liabilities for active participants2021-01-3091,789
Total participant count2021-01-3061
Total funding target for all participants2021-01-30699,655
Balance at beginning of prior year after applicable adjustments2021-01-300
Prefunding balance at beginning of prior year after applicable adjustments2021-01-30450,192
Carryover balanced portion elected for use to offset prior years funding requirement2021-01-300
Prefunding balanced used to offset prior years funding requirement2021-01-300
Amount remaining of carryover balance2021-01-300
Amount remaining of prefunding balance2021-01-30450,192
Present value of excess contributions2021-01-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-01-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-01-300
Reductions in caryover balances due to elections or deemed elections2021-01-300
Reductions in prefunding balances due to elections or deemed elections2021-01-300
Balance of carryovers at beginning of current year2021-01-300
Balance of prefunding at beginning of current year2021-01-30528,030
Total employer contributions2021-01-300
Total employee contributions2021-01-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-01-300
Contributions made to avoid restrictions adjusted to valuation date2021-01-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-01-300
Liquidity shortfalls end of Q12021-01-300
Liquidity shortfalls end of Q22021-01-300
Liquidity shortfalls end of Q32021-01-300
Liquidity shortfalls end of Q42021-01-300
Unpaid minimum required contributions for all prior years2021-01-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-01-300
Remaining amount of unpaid minimum required contributions2021-01-300
Minimum required contributions for current year target normal cost2021-01-300
Net shortfall amortization installment of oustanding balance2021-01-300
Waiver amortization installment2021-01-300
Total funding amount beforereflecting carryover/prefunding balances2021-01-300
Carryover balance elected to use to offset funding requirement2021-01-300
Prefunding balance elected to use to offset funding requirement2021-01-300
Additional cash requirement2021-01-300
Contributions allocatedtoward minimum required contributions for current year2021-01-300
Unpaid minimum required contributions for current year2021-01-300
Unpaid minimum required contributions for all years2021-01-300
2020: RETIREMENT PLAN OF KERNS MANUFACTURING CORP DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-01-301,259,203
Acturial value of plan assets2020-01-301,259,203
Funding target for retired participants and beneficiaries receiving payment2020-01-30464,707
Number of terminated vested participants2020-01-3011
Fundng target for terminated vested participants2020-01-30150,188
Active participant vested funding target2020-01-30119,362
Number of active participants2020-01-3012
Total funding liabilities for active participants2020-01-30119,362
Total participant count2020-01-3063
Total funding target for all participants2020-01-30734,257
Balance at beginning of prior year after applicable adjustments2020-01-300
Prefunding balance at beginning of prior year after applicable adjustments2020-01-30464,484
Carryover balanced portion elected for use to offset prior years funding requirement2020-01-300
Prefunding balanced used to offset prior years funding requirement2020-01-300
Amount remaining of carryover balance2020-01-300
Amount remaining of prefunding balance2020-01-30464,484
Present value of excess contributions2020-01-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-01-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-01-300
Reductions in caryover balances due to elections or deemed elections2020-01-300
Reductions in prefunding balances due to elections or deemed elections2020-01-300
Balance of carryovers at beginning of current year2020-01-300
Balance of prefunding at beginning of current year2020-01-30450,192
Total employer contributions2020-01-300
Total employee contributions2020-01-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-01-300
Contributions made to avoid restrictions adjusted to valuation date2020-01-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-01-300
Liquidity shortfalls end of Q12020-01-300
Liquidity shortfalls end of Q22020-01-300
Liquidity shortfalls end of Q32020-01-300
Liquidity shortfalls end of Q42020-01-300
Unpaid minimum required contributions for all prior years2020-01-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-01-300
Remaining amount of unpaid minimum required contributions2020-01-300
Minimum required contributions for current year target normal cost2020-01-300
Net shortfall amortization installment of oustanding balance2020-01-300
Waiver amortization installment2020-01-300
Total funding amount beforereflecting carryover/prefunding balances2020-01-300
Carryover balance elected to use to offset funding requirement2020-01-300
Prefunding balance elected to use to offset funding requirement2020-01-300
Additional cash requirement2020-01-300
Contributions allocatedtoward minimum required contributions for current year2020-01-300
Unpaid minimum required contributions for current year2020-01-300
Unpaid minimum required contributions for all years2020-01-300
2019: RETIREMENT PLAN OF KERNS MANUFACTURING CORP DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-01-301,346,325
Acturial value of plan assets2019-01-301,346,325
Funding target for retired participants and beneficiaries receiving payment2019-01-30560,702
Number of terminated vested participants2019-01-3015
Fundng target for terminated vested participants2019-01-30172,085
Active participant vested funding target2019-01-3090,556
Number of active participants2019-01-309
Total funding liabilities for active participants2019-01-3090,556
Total participant count2019-01-3071
Total funding target for all participants2019-01-30823,343
Balance at beginning of prior year after applicable adjustments2019-01-300
Prefunding balance at beginning of prior year after applicable adjustments2019-01-30388,852
Carryover balanced portion elected for use to offset prior years funding requirement2019-01-300
Prefunding balanced used to offset prior years funding requirement2019-01-300
Amount remaining of carryover balance2019-01-300
Amount remaining of prefunding balance2019-01-30388,852
Present value of excess contributions2019-01-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-01-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-01-300
Reductions in caryover balances due to elections or deemed elections2019-01-300
Reductions in prefunding balances due to elections or deemed elections2019-01-300
Balance of carryovers at beginning of current year2019-01-300
Balance of prefunding at beginning of current year2019-01-30464,484
Total employer contributions2019-01-300
Total employee contributions2019-01-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-01-300
Contributions made to avoid restrictions adjusted to valuation date2019-01-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-01-300
Liquidity shortfalls end of Q12019-01-300
Liquidity shortfalls end of Q22019-01-300
Liquidity shortfalls end of Q32019-01-300
Liquidity shortfalls end of Q42019-01-300
Unpaid minimum required contributions for all prior years2019-01-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-01-300
Remaining amount of unpaid minimum required contributions2019-01-300
Minimum required contributions for current year target normal cost2019-01-300
Net shortfall amortization installment of oustanding balance2019-01-300
Waiver amortization installment2019-01-300
Total funding amount beforereflecting carryover/prefunding balances2019-01-300
Carryover balance elected to use to offset funding requirement2019-01-300
Prefunding balance elected to use to offset funding requirement2019-01-300
Additional cash requirement2019-01-300
Contributions allocatedtoward minimum required contributions for current year2019-01-300
Unpaid minimum required contributions for current year2019-01-300
Unpaid minimum required contributions for all years2019-01-300
2018: RETIREMENT PLAN OF KERNS MANUFACTURING CORP DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-01-301,198,936
Acturial value of plan assets2018-01-301,198,936
Funding target for retired participants and beneficiaries receiving payment2018-01-30546,428
Number of terminated vested participants2018-01-3015
Fundng target for terminated vested participants2018-01-30170,085
Active participant vested funding target2018-01-3085,407
Number of active participants2018-01-3010
Total funding liabilities for active participants2018-01-3085,407
Total participant count2018-01-3072
Total funding target for all participants2018-01-30801,920
Balance at beginning of prior year after applicable adjustments2018-01-300
Prefunding balance at beginning of prior year after applicable adjustments2018-01-30339,293
Carryover balanced portion elected for use to offset prior years funding requirement2018-01-300
Prefunding balanced used to offset prior years funding requirement2018-01-309,234
Amount remaining of carryover balance2018-01-300
Amount remaining of prefunding balance2018-01-30330,059
Present value of excess contributions2018-01-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-01-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-01-300
Reductions in caryover balances due to elections or deemed elections2018-01-300
Reductions in prefunding balances due to elections or deemed elections2018-01-300
Balance of carryovers at beginning of current year2018-01-300
Balance of prefunding at beginning of current year2018-01-30388,852
Total employer contributions2018-01-300
Total employee contributions2018-01-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-01-300
Contributions made to avoid restrictions adjusted to valuation date2018-01-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-01-300
Liquidity shortfalls end of Q12018-01-300
Liquidity shortfalls end of Q22018-01-300
Liquidity shortfalls end of Q32018-01-300
Liquidity shortfalls end of Q42018-01-300
Unpaid minimum required contributions for all prior years2018-01-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-01-300
Remaining amount of unpaid minimum required contributions2018-01-300
Minimum required contributions for current year target normal cost2018-01-300
Net shortfall amortization installment of oustanding balance2018-01-300
Waiver amortization installment2018-01-300
Total funding amount beforereflecting carryover/prefunding balances2018-01-300
Carryover balance elected to use to offset funding requirement2018-01-300
Prefunding balance elected to use to offset funding requirement2018-01-300
Additional cash requirement2018-01-300
Contributions allocatedtoward minimum required contributions for current year2018-01-300
Unpaid minimum required contributions for current year2018-01-300
Unpaid minimum required contributions for all years2018-01-300
2017: RETIREMENT PLAN OF KERNS MANUFACTURING CORP DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-01-301,086,794
Acturial value of plan assets2017-01-301,086,794
Funding target for retired participants and beneficiaries receiving payment2017-01-30554,286
Number of terminated vested participants2017-01-3017
Fundng target for terminated vested participants2017-01-30171,412
Active participant vested funding target2017-01-3077,690
Number of active participants2017-01-3010
Total funding liabilities for active participants2017-01-3077,690
Total participant count2017-01-3074
Total funding target for all participants2017-01-30803,388
Balance at beginning of prior year after applicable adjustments2017-01-300
Prefunding balance at beginning of prior year after applicable adjustments2017-01-30356,974
Carryover balanced portion elected for use to offset prior years funding requirement2017-01-300
Prefunding balanced used to offset prior years funding requirement2017-01-300
Amount remaining of carryover balance2017-01-300
Amount remaining of prefunding balance2017-01-30356,974
Present value of excess contributions2017-01-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-01-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-01-300
Reductions in caryover balances due to elections or deemed elections2017-01-300
Reductions in prefunding balances due to elections or deemed elections2017-01-300
Balance of carryovers at beginning of current year2017-01-300
Balance of prefunding at beginning of current year2017-01-30339,293
Total employer contributions2017-01-300
Total employee contributions2017-01-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-01-300
Contributions made to avoid restrictions adjusted to valuation date2017-01-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-01-300
Liquidity shortfalls end of Q12017-01-300
Liquidity shortfalls end of Q22017-01-300
Liquidity shortfalls end of Q32017-01-300
Liquidity shortfalls end of Q42017-01-300
Unpaid minimum required contributions for all prior years2017-01-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-01-300
Remaining amount of unpaid minimum required contributions2017-01-300
Minimum required contributions for current year target normal cost2017-01-300
Net shortfall amortization installment of oustanding balance2017-01-3055,887
Waiver amortization installment2017-01-300
Total funding amount beforereflecting carryover/prefunding balances2017-01-309,234
Carryover balance elected to use to offset funding requirement2017-01-300
Prefunding balance elected to use to offset funding requirement2017-01-309,234
Additional cash requirement2017-01-300
Contributions allocatedtoward minimum required contributions for current year2017-01-300
Unpaid minimum required contributions for current year2017-01-300
Unpaid minimum required contributions for all years2017-01-300

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