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K & M TOOL SALES INC. RETIREMENT PLAN 401k Plan overview

Plan NameK & M TOOL SALES INC. RETIREMENT PLAN
Plan identification number 001

K & M TOOL SALES INC. RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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 & M TOOL SALES INC. has sponsored the creation of one or more 401k plans.

Company Name:K & M TOOL SALES INC.
Employer identification number (EIN):460665058
NAIC Classification:423100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan K & M TOOL SALES INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01KELLY R. HARRIS
0012012-07-27KELLY R. HARRIS

Plan Statistics for K & M TOOL SALES INC. RETIREMENT PLAN

401k plan membership statisitcs for K & M TOOL SALES INC. RETIREMENT PLAN

Measure Date Value
2013: K & M TOOL SALES INC. RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-011
Total number of active participants reported on line 7a of the Form 55002013-01-011
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-011
Number of participants with account balances2013-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: K & M TOOL SALES INC. RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-07-271
Total number of active participants reported on line 7a of the Form 55002012-07-271
Number of retired or separated participants receiving benefits2012-07-270
Number of other retired or separated participants entitled to future benefits2012-07-270
Total of all active and inactive participants2012-07-271
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-07-270
Total participants2012-07-271
Number of participants with account balances2012-07-271
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-07-270

Financial Data on K & M TOOL SALES INC. RETIREMENT PLAN

Measure Date Value
2013 : K & M TOOL SALES INC. RETIREMENT PLAN 2013 401k financial data
Total income from all sources2013-12-31$-4,979
Expenses. Total of all expenses incurred2013-12-31$1,287
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$126,834
Total plan assets at beginning of year2013-12-31$133,100
Value of fidelity bond covering the plan2013-12-31$6,000
Total contributions received or receivable from participants2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$-4,979
Net income (gross income less expenses)2013-12-31$-6,266
Net plan assets at end of year (total assets less liabilities)2013-12-31$126,834
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$133,100
Assets. Value of employer securities2013-12-31$31,398
Total contributions received or receivable from employer(s)2013-12-31$0
Value of certain deemed distributions of participant loans2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$1,287
2012 : K & M TOOL SALES INC. RETIREMENT PLAN 2012 401k financial data
Total income from all sources2012-12-31$133,531
Expenses. Total of all expenses incurred2012-12-31$431
Benefits paid (including direct rollovers)2012-12-31$0
Total plan assets at end of year2012-12-31$133,100
Total plan assets at beginning of year2012-12-31$0
Value of fidelity bond covering the plan2012-12-31$6,000
Total contributions received or receivable from participants2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$148,164
Other income received2012-12-31$-14,633
Net income (gross income less expenses)2012-12-31$133,100
Net plan assets at end of year (total assets less liabilities)2012-12-31$133,100
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$0
Assets. Value of employer securities2012-12-31$42,351
Total contributions received or receivable from employer(s)2012-12-31$0
Value of certain deemed distributions of participant loans2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$431

Form 5500 Responses for K & M TOOL SALES INC. RETIREMENT PLAN

2013: K & M TOOL SALES INC. RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: K & M TOOL SALES INC. RETIREMENT PLAN 2012 form 5500 responses
2012-07-27Type of plan entitySingle employer plan
2012-07-27First time form 5500 has been submittedYes
2012-07-27This return/report is a short plan year return/report (less than 12 months)Yes
2012-07-27Plan funding arrangement – TrustYes
2012-07-27Plan benefit arrangement - TrustYes

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