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RETIREMENT PLAN FOR EMPLOYEES OF KNIGHT FURNITURE CO., LTD. 401k Plan overview

Plan NameRETIREMENT PLAN FOR EMPLOYEES OF KNIGHT FURNITURE CO., LTD.
Plan identification number 001

RETIREMENT PLAN FOR EMPLOYEES OF KNIGHT FURNITURE CO., LTD. Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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

KNIGHT FURNITURE CO., LTD. has sponsored the creation of one or more 401k plans.

Company Name:KNIGHT FURNITURE CO., LTD.
Employer identification number (EIN):750379930
NAIC Classification:442110
NAIC Description:Furniture Stores

Additional information about KNIGHT FURNITURE CO., LTD.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2000-12-29
Company Identification Number: 0014447410
Legal Registered Office Address: 108 W LAMAR ST

SHERMAN
United States of America (USA)
75090

More information about KNIGHT FURNITURE CO., LTD.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF KNIGHT FURNITURE CO., LTD.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JOEL GUNN2023-02-10 JOEL GUNN2023-02-10
0012021-01-01JOEL GUNN2022-10-09 JOEL GUNN2022-10-09
0012020-01-01DAVID GUNN2021-08-31 DAVID GUNN2021-08-31
0012019-01-01DAVID GUNN2020-08-27 DAVID GUNN2020-08-27
0012018-01-01DAVID GUNN2019-10-08 DAVID GUNN2019-10-08
0012017-01-01DAVID GUNN2018-07-26 DAVID GUNN2018-07-26
0012016-01-01DAVID GUNN2017-10-11
0012015-01-01DAVID GUNN2016-10-13
0012014-01-01DAVID GUNN2015-10-12
0012013-01-01DAVID GUNN2014-10-07 DAVID GUNN2014-10-07
0012012-01-01DAVID GUNN2013-10-11 DAVID GUNN2013-10-11
0012011-01-01DAVID GUNN2012-10-11
0012010-01-01DAVID GUNN2011-10-12

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF KNIGHT FURNITURE CO., LTD.

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF KNIGHT FURNITURE CO., LTD.

Measure Date Value
2022: RETIREMENT PLAN FOR EMPLOYEES OF KNIGHT FURNITURE CO., LTD. 2022 401k membership
Market value of plan assets2022-12-314,597,074
Acturial value of plan assets2022-12-314,597,074
Funding target for retired participants and beneficiaries receiving payment2022-12-313,005,951
Number of terminated vested participants2022-12-3118
Fundng target for terminated vested participants2022-12-31518,658
Active participant vested funding target2022-12-31466,252
Number of active participants2022-12-313
Total funding liabilities for active participants2022-12-31466,252
Total participant count2022-12-3148
Total funding target for all participants2022-12-313,990,861
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: RETIREMENT PLAN FOR EMPLOYEES OF KNIGHT FURNITURE CO., LTD. 2021 401k membership
Market value of plan assets2021-12-314,597,074
Acturial value of plan assets2021-12-314,597,074
Funding target for retired participants and beneficiaries receiving payment2021-12-312,851,355
Number of terminated vested participants2021-12-3117
Fundng target for terminated vested participants2021-12-31478,742
Active participant vested funding target2021-12-311,154,677
Number of active participants2021-12-315
Total funding liabilities for active participants2021-12-311,154,677
Total participant count2021-12-3147
Total funding target for all participants2021-12-314,484,774
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-310
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: RETIREMENT PLAN FOR EMPLOYEES OF KNIGHT FURNITURE CO., LTD. 2020 401k membership
Market value of plan assets2020-12-314,281,952
Acturial value of plan assets2020-12-314,281,952
Funding target for retired participants and beneficiaries receiving payment2020-12-313,137,438
Number of terminated vested participants2020-12-3117
Fundng target for terminated vested participants2020-12-31445,101
Active participant vested funding target2020-12-31540,424
Number of active participants2020-12-315
Total funding liabilities for active participants2020-12-31540,424
Total participant count2020-12-3148
Total funding target for all participants2020-12-314,122,963
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-3175,757
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3179,855
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-310
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: RETIREMENT PLAN FOR EMPLOYEES OF KNIGHT FURNITURE CO., LTD. 2019 401k membership
Market value of plan assets2019-12-314,195,000
Acturial value of plan assets2019-12-314,195,000
Funding target for retired participants and beneficiaries receiving payment2019-12-313,393,732
Number of terminated vested participants2019-12-3117
Fundng target for terminated vested participants2019-12-31435,942
Active participant vested funding target2019-12-31492,419
Number of active participants2019-12-315
Total funding liabilities for active participants2019-12-31492,419
Total participant count2019-12-3149
Total funding target for all participants2019-12-314,322,093
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-315,256
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-315,774
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31111,754
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31101,613
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-31127,093
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3125,856
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-3125,856
Contributions allocatedtoward minimum required contributions for current year2019-12-31101,613
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: RETIREMENT PLAN FOR EMPLOYEES OF KNIGHT FURNITURE CO., LTD. 2018 401k membership
Market value of plan assets2018-12-314,574,174
Acturial value of plan assets2018-12-314,574,174
Funding target for retired participants and beneficiaries receiving payment2018-12-313,483,293
Number of terminated vested participants2018-12-3116
Fundng target for terminated vested participants2018-12-31403,790
Active participant vested funding target2018-12-31955,335
Number of active participants2018-12-315
Total funding liabilities for active participants2018-12-31955,335
Total participant count2018-12-3149
Total funding target for all participants2018-12-314,842,418
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-316,629
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-317,013
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-3151,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-3149,047
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-31268,244
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3143,791
Additional cash requirement2018-12-3143,791
Contributions allocatedtoward minimum required contributions for current year2018-12-3149,047
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: RETIREMENT PLAN FOR EMPLOYEES OF KNIGHT FURNITURE CO., LTD. 2017 401k membership
Market value of plan assets2017-12-314,387,436
Acturial value of plan assets2017-12-314,607,689
Funding target for retired participants and beneficiaries receiving payment2017-12-313,395,349
Number of terminated vested participants2017-12-3116
Fundng target for terminated vested participants2017-12-31341,129
Active participant vested funding target2017-12-31938,119
Number of active participants2017-12-316
Total funding liabilities for active participants2017-12-31938,119
Total participant count2017-12-3152
Total funding target for all participants2017-12-314,674,597
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-3115,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-3114,188
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-3166,908
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3110,987
Additional cash requirement2017-12-3110,987
Contributions allocatedtoward minimum required contributions for current year2017-12-3114,188
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: RETIREMENT PLAN FOR EMPLOYEES OF KNIGHT FURNITURE CO., LTD. 2016 401k membership
Market value of plan assets2016-12-314,692,882
Acturial value of plan assets2016-12-315,048,700
Funding target for retired participants and beneficiaries receiving payment2016-12-313,514,986
Number of terminated vested participants2016-12-3118
Fundng target for terminated vested participants2016-12-31378,028
Active participant vested funding target2016-12-31810,629
Number of active participants2016-12-316
Total funding liabilities for active participants2016-12-31811,390
Total participant count2016-12-3153
Total funding target for all participants2016-12-314,704,404
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-310
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-3170,000
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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