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K & B MACHINERY INC 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameK & B MACHINERY INC 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

K & B MACHINERY INC 401(K) PROFIT SHARING PLAN & TRUST 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.
  • 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 MACHINERY INC has sponsored the creation of one or more 401k plans.

Company Name:K & B MACHINERY INC
Employer identification number (EIN):731084339
NAIC Classification:332700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan K & B MACHINERY INC 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01TIFFANY JOHNSON2024-07-04
0012022-01-01TIFFANY JOHNSON2023-05-18
0012021-01-01TIFFANY JOHNSON2022-06-14
0012020-01-01TIFFANY JOHNSON2021-08-05
0012019-01-01TIFFANY JOHNSON2020-10-07
0012018-01-01TIFFANY JOHNSON2019-07-12
0012013-01-01TIFFANY JOHNSON2014-07-03

Plan Statistics for K & B MACHINERY INC 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for K & B MACHINERY INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2025: K & B MACHINERY INC 401(K) PROFIT SHARING PLAN & TRUST 2025 401k membership
Total number of particpants at beginning of year2025-04-3010
Total number of particpants at end of year2025-04-3010
Number of Participants With Account Balances2025-04-307
2024: K & B MACHINERY INC 401(K) PROFIT SHARING PLAN & TRUST 2024 401k membership
Total number of particpants at beginning of year2024-07-0411
Total number of particpants at end of year2024-07-0410
Number of Participants With Account Balances2024-07-046

Financial Data on K & B MACHINERY INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2025 : K & B MACHINERY INC 401(K) PROFIT SHARING PLAN & TRUST 2025 401k financial data
Total transfers to/from plan in this plan year2025-04-300
Total liabilities as of the end of the plan year2025-04-300
Total liabilities as of the beginning of the plan year2025-04-300
Total expenses incurred by plan in this plan year2025-04-30782
Net assets as of the end of the plan year2025-04-30228265
Total assets as of the beginning of the plan year2025-04-30185331
Value of plan covered by a fidelity bond2025-04-3020000
Participant contributions to plan in this plan year2025-04-3010370
Value of participant loans at end of plan year2025-04-302505
Other expenses paid from plan in this plan year2025-04-300
Other contributions to plan in this plan year2025-04-300
Other income to plan in this plan year2025-04-3028158
Plan net income in this plan year2025-04-3042934
Net assets as of the end of the plan year2025-04-30228265
Net assets as of the beginning of the plan year2025-04-30185331
Employer contributions to plan in this plan year2025-04-305188
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-30782
2024 : K & B MACHINERY INC 401(K) PROFIT SHARING PLAN & TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-040
Total liabilities as of the end of the plan year2024-07-040
Total liabilities as of the beginning of the plan year2024-07-040
Total expenses incurred by plan in this plan year2024-07-042657
Net assets as of the end of the plan year2024-07-04185331
Total assets as of the beginning of the plan year2024-07-04149654
Value of plan covered by a fidelity bond2024-07-0420000
Participant contributions to plan in this plan year2024-07-047829
Value of participant loans at end of plan year2024-07-047247
Other expenses paid from plan in this plan year2024-07-040
Other contributions to plan in this plan year2024-07-040
Other income to plan in this plan year2024-07-0426533
Plan net income in this plan year2024-07-0435677
Net assets as of the end of the plan year2024-07-04185331
Net assets as of the beginning of the plan year2024-07-04149654
Employer contributions to plan in this plan year2024-07-043972
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-041162

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