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MID KANSAS AUTO AUCTION, INC. 401(K) PLAN 401k Plan overview

Plan NameMID KANSAS AUTO AUCTION, INC. 401(K) PLAN
Plan identification number 001

MID KANSAS AUTO AUCTION, INC. 401(K) PLAN 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.
  • Plan not intended to be qualified - A plan not intended to be qualified under Code sections 401, 403, or 408.
  • 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

MID KANSAS AUTO AUCTION, INC. has sponsored the creation of one or more 401k plans.

Company Name:MID KANSAS AUTO AUCTION, INC.
Employer identification number (EIN):470953204
NAIC Classification:423100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MID KANSAS AUTO AUCTION, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01AUSTIN COYAN2024-10-01 AUSTIN COYAN2024-10-01
0012022-01-01AUSTIN COYAN2023-10-16 AUSTIN COYAN2023-10-16
0012021-01-01AUSTIN COYAN2022-10-14 AUSTIN COYAN2022-10-14
0012020-08-01KENT ANTENEN2021-10-28 KENT ANTENEN2021-10-28

Plan Statistics for MID KANSAS AUTO AUCTION, INC. 401(K) PLAN

401k plan membership statisitcs for MID KANSAS AUTO AUCTION, INC. 401(K) PLAN

Measure Date Value
2025: MID KANSAS AUTO AUCTION, INC. 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-1550
Total number of particpants at end of year2025-10-1546
Number of Participants With Account Balances2025-10-1531
2024: MID KANSAS AUTO AUCTION, INC. 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-0166
Total number of particpants at end of year2024-10-0146
Number of Participants With Account Balances2024-10-0128

Financial Data on MID KANSAS AUTO AUCTION, INC. 401(K) PLAN

Measure Date Value
2025 : MID KANSAS AUTO AUCTION, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-150
Total liabilities as of the end of the plan year2025-10-150
Total liabilities as of the beginning of the plan year2025-10-150
Total expenses incurred by plan in this plan year2025-10-1591768
Net assets as of the end of the plan year2025-10-15228525
Total assets as of the beginning of the plan year2025-10-15216266
Value of plan covered by a fidelity bond2025-10-15100000
Participant contributions to plan in this plan year2025-10-1575045
Other expenses paid from plan in this plan year2025-10-150
Other contributions to plan in this plan year2025-10-153129
Other income to plan in this plan year2025-10-1525853
Plan net income in this plan year2025-10-1512259
Net assets as of the end of the plan year2025-10-15228525
Net assets as of the beginning of the plan year2025-10-15216266
Fees paid to broker by Benefit Provider2025-10-1556
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-15859
2024 : MID KANSAS AUTO AUCTION, INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-010
Total liabilities as of the end of the plan year2024-10-010
Total liabilities as of the beginning of the plan year2024-10-010
Total expenses incurred by plan in this plan year2024-10-016280
Net assets as of the end of the plan year2024-10-01216266
Total assets as of the beginning of the plan year2024-10-01127680
Value of plan covered by a fidelity bond2024-10-01100000
Participant contributions to plan in this plan year2024-10-0165698
Other expenses paid from plan in this plan year2024-10-010
Other contributions to plan in this plan year2024-10-010
Other income to plan in this plan year2024-10-0129168
Plan net income in this plan year2024-10-0188586
Net assets as of the end of the plan year2024-10-01216266
Net assets as of the beginning of the plan year2024-10-01127680
Fees paid to broker by Benefit Provider2024-10-0155
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-01397

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