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K & B ENGINEERING 401(K) 401k Plan overview

Plan NameK & B ENGINEERING 401(K)
Plan identification number 001

K & B ENGINEERING 401(K) 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.

401k Sponsoring company profile

K & B ELECTRIC, LLC DBA K & B ENGINEERING has sponsored the creation of one or more 401k plans.

Company Name:K & B ELECTRIC, LLC DBA K & B ENGINEERING
Employer identification number (EIN):352420874
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan K & B ENGINEERING 401(K)

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SHIRLEY HORNER2024-09-17
0012022-01-01SANDEE GIBBS2024-08-15
0012021-01-01SANDEE GIBBS2022-10-12
0012020-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01

Plan Statistics for K & B ENGINEERING 401(K)

401k plan membership statisitcs for K & B ENGINEERING 401(K)

Measure Date Value
2025: K & B ENGINEERING 401(K) 2025 401k membership
Total number of particpants at beginning of year2025-06-3098
Total number of particpants at end of year2025-06-3062
Number of Participants With Account Balances2025-06-3060
2024: K & B ENGINEERING 401(K) 2024 401k membership
Total number of particpants at beginning of year2024-09-17106
Total number of particpants at end of year2024-09-17136
Number of Participants With Account Balances2024-09-1752
2022: K & B ENGINEERING 401(K) 2022 401k membership
Total number of particpants at beginning of year2022-10-1292
Total number of particpants at end of year2022-10-1290
Number of Participants With Account Balances2022-10-1247

Financial Data on K & B ENGINEERING 401(K)

Measure Date Value
2025 : K & B ENGINEERING 401(K) 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-3092740
Net assets as of the end of the plan year2025-06-30936652
Total assets as of the beginning of the plan year2025-06-30801128
Value of plan covered by a fidelity bond2025-06-3081000
Participant contributions to plan in this plan year2025-06-30105871
Value of participant loans at end of plan year2025-06-30455
Other contributions to plan in this plan year2025-06-3022007
Other income to plan in this plan year2025-06-30100386
Plan net income in this plan year2025-06-30135524
Net assets as of the end of the plan year2025-06-30936652
Net assets as of the beginning of the plan year2025-06-30801128
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-307123
2024 : K & B ENGINEERING 401(K) 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-1729409
Net assets as of the end of the plan year2024-09-17801128
Total assets as of the beginning of the plan year2024-09-17606977
Value of plan covered by a fidelity bond2024-09-1760000
Participant contributions to plan in this plan year2024-09-1765520
Other contributions to plan in this plan year2024-09-1757406
Other income to plan in this plan year2024-09-1798609
Plan net income in this plan year2024-09-17194151
Net assets as of the end of the plan year2024-09-17801128
Net assets as of the beginning of the plan year2024-09-17606977
Employer contributions to plan in this plan year2024-09-172025
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-178100
2022 : K & B ENGINEERING 401(K) 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-12114875
Net assets as of the end of the plan year2022-10-12744095
Total assets as of the beginning of the plan year2022-10-12685573
Participant contributions to plan in this plan year2022-10-1263941
Other contributions to plan in this plan year2022-10-120
Other income to plan in this plan year2022-10-12103059
Plan net income in this plan year2022-10-1258522
Net assets as of the end of the plan year2022-10-12744095
Net assets as of the beginning of the plan year2022-10-12685573
Employer contributions to plan in this plan year2022-10-126397
Fees paid to broker by Benefit Provider2022-10-124418
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-1212952

Potentially related plans

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