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K & L FREIGHT MANAGEMENT 401(K) PLAN 401k Plan overview

Plan NameK & L FREIGHT MANAGEMENT 401(K) PLAN
Plan identification number 001

K & L FREIGHT MANAGEMENT 401(K) 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

K & L FREIGHT MANAGEMENT, LLC has sponsored the creation of one or more 401k plans.

Company Name:K & L FREIGHT MANAGEMENT, LLC
Employer identification number (EIN):364348127
NAIC Classification:484200
NAIC Description: Specialized Freight Trucking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan K & L FREIGHT MANAGEMENT 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01THEODORE SCHMELZLE2022-05-27
0012020-01-01RICK AYERS2021-05-21
0012019-01-01RICK AYERS2020-06-24
0012018-01-01HOLLY PAYNE2019-04-15 HOLLY PAYNE2019-04-15
0012017-01-01HOLLY PAYNE2018-04-12 HOLLY PAYNE2018-04-12
0012016-01-01JAMES KOLBAS2017-06-13 JAMES KOLBAS2017-06-13
0012015-01-01JAMES KOLBAS2016-07-12 JAMES KOLBAS2016-07-12
0012014-01-01JAMES KOLBAS2015-07-20 JAMES KOLBAS2015-07-20
0012013-01-01ANDREA PEOPLES2014-07-25 ANDREA PEOPLES2014-07-25
0012012-01-01HOLLY PAYNE2018-12-21 HOLLY PAYNE2018-12-21
0012012-01-01 HOLLY PAYNE2018-12-20
0012011-12-15HOLLY PAYNE2018-12-21 HOLLY PAYNE2018-12-21
0012010-01-01RUSSELL GALLEMORE
0012009-01-01RUSSELL GALLEMORE

Financial Data on K & L FREIGHT MANAGEMENT 401(K) PLAN

Measure Date Value
2025 : K & L FREIGHT MANAGEMENT 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-30434541
Net assets as of the end of the plan year2025-06-303500190
Total assets as of the beginning of the plan year2025-06-303137947
Value of plan covered by a fidelity bond2025-06-302000000
Participant contributions to plan in this plan year2025-06-30196687
Value of participant loans at end of plan year2025-06-30101868
Other contributions to plan in this plan year2025-06-30105823
Other income to plan in this plan year2025-06-30377909
Plan net income in this plan year2025-06-30362243
Net assets as of the end of the plan year2025-06-303500190
Net assets as of the beginning of the plan year2025-06-303137947
Value of contributions failed to transmitted timely2025-06-305925
Employer contributions to plan in this plan year2025-06-30116365
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-3021794
2024 : K & L FREIGHT MANAGEMENT 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-14693327
Net assets as of the end of the plan year2024-10-143137947
Total assets as of the beginning of the plan year2024-10-142578880
Value of plan covered by a fidelity bond2024-10-141000000
Participant contributions to plan in this plan year2024-10-14260424
Value of participant loans at end of plan year2024-10-14116440
Other contributions to plan in this plan year2024-10-14386197
Other income to plan in this plan year2024-10-14430003
Plan net income in this plan year2024-10-14559067
Net assets as of the end of the plan year2024-10-143137947
Net assets as of the beginning of the plan year2024-10-142578880
Employer contributions to plan in this plan year2024-10-14175770
Fees paid to broker by Benefit Provider2024-10-1412918
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-1417818
2022 : K & L FREIGHT MANAGEMENT 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-27331462
Net assets as of the end of the plan year2022-05-272563501
Total assets as of the beginning of the plan year2022-05-272227387
Value of plan covered by a fidelity bond2022-05-271000000
Participant contributions to plan in this plan year2022-05-27293322
Value of participant loans at end of plan year2022-05-275138
Other income to plan in this plan year2022-05-27277349
Plan net income in this plan year2022-05-27336114
Net assets as of the end of the plan year2022-05-272563501
Net assets as of the beginning of the plan year2022-05-272227387
Employer contributions to plan in this plan year2022-05-2796905
Fees paid to broker by Benefit Provider2022-05-2711911
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-275102
2010 : K & L FREIGHT MANAGEMENT 401(K) PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$8,507
Expenses. Total of all expenses incurred2010-12-31$698,851
Benefits paid (including direct rollovers)2010-12-31$692,059
Total plan assets at end of year2010-12-31$0
Total plan assets at beginning of year2010-12-31$690,344
Total contributions received or receivable from participants2010-12-31$550
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$7,957
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$-690,344
Net plan assets at end of year (total assets less liabilities)2010-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$690,344
Assets. Value of participant loans2010-12-31$0
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$6,792
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : K & L FREIGHT MANAGEMENT 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for K & L FREIGHT MANAGEMENT 401(K) PLAN

2010: K & L FREIGHT MANAGEMENT 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingYes
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: K & L FREIGHT MANAGEMENT 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number36297
Policy instance 1

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