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KUMHO TIRE GEORGIA, INC. 401(K) 401k Plan overview

Plan NameKUMHO TIRE GEORGIA, INC. 401(K)
Plan identification number 001

KUMHO TIRE GEORGIA, INC. 401(K) Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.

401k Sponsoring company profile

KUMHO TIRE GEORGIA has sponsored the creation of one or more 401k plans.

Company Name:KUMHO TIRE GEORGIA
Employer identification number (EIN):261953088
NAIC Classification:326200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KUMHO TIRE GEORGIA, INC. 401(K)

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01KATHERINE PAYNE
0012016-01-01JIM FRENTHEWAY2017-07-13
0012015-01-01JIM FRENTHEWAY2016-10-14

Plan Statistics for KUMHO TIRE GEORGIA, INC. 401(K)

401k plan membership statisitcs for KUMHO TIRE GEORGIA, INC. 401(K)

Measure Date Value
2022: KUMHO TIRE GEORGIA, INC. 401(K) 2022 401k membership
Total participants, beginning-of-year2022-01-01456
Total number of active participants reported on line 7a of the Form 55002022-01-01376
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0176
Total of all active and inactive participants2022-01-01452
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-013
Total participants2022-01-01455
Number of participants with account balances2022-01-01420
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0187
2021: KUMHO TIRE GEORGIA, INC. 401(K) 2021 401k membership
Total participants, beginning-of-year2021-01-01420
Total number of active participants reported on line 7a of the Form 55002021-01-01372
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0155
Total of all active and inactive participants2021-01-01427
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-012
Total participants2021-01-01429
Number of participants with account balances2021-01-01393
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0191
2020: KUMHO TIRE GEORGIA, INC. 401(K) 2020 401k membership
Total participants, beginning-of-year2020-01-01420
Total number of active participants reported on line 7a of the Form 55002020-01-01371
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0141
Total of all active and inactive participants2020-01-01412
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-013
Total participants2020-01-01415
Number of participants with account balances2020-01-01398
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0158
2019: KUMHO TIRE GEORGIA, INC. 401(K) 2019 401k membership
Total participants, beginning-of-year2019-01-01543
Total number of active participants reported on line 7a of the Form 55002019-01-01361
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0153
Total of all active and inactive participants2019-01-01414
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01414
Number of participants with account balances2019-01-01411
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0170
2018: KUMHO TIRE GEORGIA, INC. 401(K) 2018 401k membership
Total participants, beginning-of-year2018-01-01455
Total number of active participants reported on line 7a of the Form 55002018-01-01356
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01177
Total of all active and inactive participants2018-01-01533
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01533
Number of participants with account balances2018-01-01498
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0194
2017: KUMHO TIRE GEORGIA, INC. 401(K) 2017 401k membership
Total participants, beginning-of-year2017-01-01386
Total number of active participants reported on line 7a of the Form 55002017-01-01364
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0193
Total of all active and inactive participants2017-01-01457
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01457
Number of participants with account balances2017-01-01417
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0184

Financial Data on KUMHO TIRE GEORGIA, INC. 401(K)

Measure Date Value
2022 : KUMHO TIRE GEORGIA, INC. 401(K) 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$779,883
Total of all expenses incurred2022-12-31$919,048
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$846,142
Expenses. Certain deemed distributions of participant loans2022-12-31$10,900
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,454,245
Value of total assets at end of year2022-12-31$4,423,248
Value of total assets at beginning of year2022-12-31$4,562,413
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$62,006
Total interest from all sources2022-12-31$8,750
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$73,167
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$73,167
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
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$878,781
Participant contributions at end of year2022-12-31$263,268
Participant contributions at beginning of year2022-12-31$169,695
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$271,915
Administrative expenses (other) incurred2022-12-31$62,006
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-139,165
Value of net assets at end of year (total assets less liabilities)2022-12-31$4,423,248
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$4,562,413
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 registered invesment companies (eg mutual funds) at end of year2022-12-31$3,932,346
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$4,038,341
Interest on participant loans2022-12-31$8,750
Value of interest in common/collective trusts at end of year2022-12-31$227,634
Value of interest in common/collective trusts at beginning of year2022-12-31$354,377
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-762,029
Net investment gain or loss from common/collective trusts2022-12-31$5,750
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$303,549
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$846,142
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 name2022-12-31KLICHS LLP
Accountancy firm EIN2022-12-31462608003
2021 : KUMHO TIRE GEORGIA, INC. 401(K) 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$1,639,807
Total of all expenses incurred2021-12-31$1,015,282
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$951,208
Expenses. Certain deemed distributions of participant loans2021-12-31$7,945
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,054,690
Value of total assets at end of year2021-12-31$4,562,413
Value of total assets at beginning of year2021-12-31$3,937,888
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$56,129
Total interest from all sources2021-12-31$7,242
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$86,697
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$86,697
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
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$718,696
Participant contributions at end of year2021-12-31$169,695
Participant contributions at beginning of year2021-12-31$154,879
Administrative expenses (other) incurred2021-12-31$56,129
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$624,525
Value of net assets at end of year (total assets less liabilities)2021-12-31$4,562,413
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$3,937,888
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 registered invesment companies (eg mutual funds) at end of year2021-12-31$4,038,341
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$3,478,164
Interest on participant loans2021-12-31$7,242
Value of interest in common/collective trusts at end of year2021-12-31$354,377
Value of interest in common/collective trusts at beginning of year2021-12-31$304,845
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$483,596
Net investment gain or loss from common/collective trusts2021-12-31$7,582
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$335,994
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$951,208
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 name2021-12-31KLICHS LLP
Accountancy firm EIN2021-12-31462608003
2020 : KUMHO TIRE GEORGIA, INC. 401(K) 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$1,717,347
Total of all expenses incurred2020-12-31$934,539
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$872,085
Expenses. Certain deemed distributions of participant loans2020-12-31$12,141
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,199,695
Value of total assets at end of year2020-12-31$3,937,888
Value of total assets at beginning of year2020-12-31$3,155,080
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$50,313
Total interest from all sources2020-12-31$8,721
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$60,397
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$60,397
Administrative expenses professional fees incurred2020-12-31$5,000
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
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$701,389
Participant contributions at end of year2020-12-31$154,879
Participant contributions at beginning of year2020-12-31$146,394
Administrative expenses (other) incurred2020-12-31$45,313
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$782,808
Value of net assets at end of year (total assets less liabilities)2020-12-31$3,937,888
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$3,155,080
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 registered invesment companies (eg mutual funds) at end of year2020-12-31$3,478,164
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$2,743,453
Interest on participant loans2020-12-31$8,721
Value of interest in common/collective trusts at end of year2020-12-31$304,845
Value of interest in common/collective trusts at beginning of year2020-12-31$265,233
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$442,180
Net investment gain or loss from common/collective trusts2020-12-31$6,354
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 contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$498,306
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$872,085
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 name2020-12-31KLICHS LLP
Accountancy firm EIN2020-12-31462608003
2019 : KUMHO TIRE GEORGIA, INC. 401(K) 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$1,607,850
Total income from all sources (including contributions)2019-12-31$1,607,850
Total of all expenses incurred2019-12-31$486,578
Total of all expenses incurred2019-12-31$486,578
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$445,334
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$445,334
Expenses. Certain deemed distributions of participant loans2019-12-31$3,895
Expenses. Certain deemed distributions of participant loans2019-12-31$3,895
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,118,804
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,118,804
Value of total assets at end of year2019-12-31$3,155,080
Value of total assets at end of year2019-12-31$3,155,080
Value of total assets at beginning of year2019-12-31$2,033,808
Value of total assets at beginning of year2019-12-31$2,033,808
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$37,349
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$37,349
Total interest from all sources2019-12-31$6,135
Total interest from all sources2019-12-31$6,135
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$59,079
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$59,079
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
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$59,079
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$59,079
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$500,000
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31Yes
If this is an individual account plan, was there a blackout period2019-12-31Yes
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
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$649,530
Contributions received from participants2019-12-31$649,530
Participant contributions at end of year2019-12-31$146,394
Participant contributions at end of year2019-12-31$146,394
Participant contributions at beginning of year2019-12-31$80,081
Participant contributions at beginning of year2019-12-31$80,081
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$6,650
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$6,650
Administrative expenses (other) incurred2019-12-31$37,349
Administrative expenses (other) incurred2019-12-31$37,349
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$1,121,272
Value of net income/loss2019-12-31$1,121,272
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,155,080
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,155,080
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,033,808
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,033,808
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 registered invesment companies (eg mutual funds) at end of year2019-12-31$2,743,453
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$2,743,453
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$1,953,727
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$1,953,727
Interest on participant loans2019-12-31$6,135
Interest on participant loans2019-12-31$6,135
Value of interest in common/collective trusts at end of year2019-12-31$265,233
Value of interest in common/collective trusts at end of year2019-12-31$265,233
Value of interest in common/collective trusts at beginning of year2019-12-31$0
Value of interest in common/collective trusts at beginning of year2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$420,371
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$420,371
Net investment gain or loss from common/collective trusts2019-12-31$3,461
Net investment gain or loss from common/collective trusts2019-12-31$3,461
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 contributions2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
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$462,624
Contributions received in cash from employer2019-12-31$462,624
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$445,334
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$445,334
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31Yes
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31Yes
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 name2019-12-31KLICHS LLP
Accountancy firm name2019-12-31KLICHS LLP
Accountancy firm EIN2019-12-31462608003
Accountancy firm EIN2019-12-31462608003
2018 : KUMHO TIRE GEORGIA, INC. 401(K) 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets to this plan2018-12-31$0
Total transfer of assets from this plan2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$815,679
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$333,841
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$315,932
Expenses. Certain deemed distributions of participant loans2018-12-31$6,254
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$985,515
Value of total assets at end of year2018-12-31$2,033,808
Value of total assets at beginning of year2018-12-31$1,551,970
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$11,655
Total interest from all sources2018-12-31$3,079
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$86,097
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$86,097
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$156,000
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$563,514
Participant contributions at end of year2018-12-31$80,081
Participant contributions at beginning of year2018-12-31$51,935
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$10,377
Other income not declared elsewhere2018-12-31$8
Administrative expenses (other) incurred2018-12-31$11,655
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$481,838
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,033,808
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$1,551,970
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 registered invesment companies (eg mutual funds) at end of year2018-12-31$1,953,727
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$1,500,035
Interest on participant loans2018-12-31$3,079
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-259,020
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 contributions2018-12-31Yes
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$411,624
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$315,932
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 name2018-12-31KLICHS LLP
Accountancy firm EIN2018-12-31462608003
2017 : KUMHO TIRE GEORGIA, INC. 401(K) 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets to this plan2017-12-31$0
Total transfer of assets from this plan2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$1,141,059
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$154,161
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$140,008
Expenses. Certain deemed distributions of participant loans2017-12-31$536
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$965,421
Value of total assets at end of year2017-12-31$1,551,970
Value of total assets at beginning of year2017-12-31$565,072
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$13,617
Total interest from all sources2017-12-31$858
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$46,147
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$46,147
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$57,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$542,748
Participant contributions at end of year2017-12-31$51,935
Participant contributions at beginning of year2017-12-31$4,750
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$8,599
Other income not declared elsewhere2017-12-31$4
Administrative expenses (other) incurred2017-12-31$13,617
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$986,898
Value of net assets at end of year (total assets less liabilities)2017-12-31$1,551,970
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$565,072
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$1,500,035
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$560,322
Interest on participant loans2017-12-31$858
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$128,629
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$414,074
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$140,008
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31KLICHS LLP
Accountancy firm EIN2017-12-31462608003

Form 5500 Responses for KUMHO TIRE GEORGIA, INC. 401(K)

2022: KUMHO TIRE GEORGIA, INC. 401(K) 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: KUMHO TIRE GEORGIA, INC. 401(K) 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: KUMHO TIRE GEORGIA, INC. 401(K) 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: KUMHO TIRE GEORGIA, INC. 401(K) 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: KUMHO TIRE GEORGIA, INC. 401(K) 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: KUMHO TIRE GEORGIA, INC. 401(K) 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

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number517540
Policy instance 1
Insurance contract or identification number517540
Number of Individuals Covered0
Insurance policy start date2021-01-01
Insurance policy end date2021-01-01
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 FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number517540
Policy instance 1
Insurance contract or identification number517540
Number of Individuals Covered398
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
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 FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number517540
Policy instance 1
Insurance contract or identification number517540
Number of Individuals Covered411
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
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

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