401k Plan data: KGS 401(K) RETIREMENT PLAN plan

KGS 401(K) RETIREMENT PLAN 401k Plan overview

Plan Name	KGS 401(K) RETIREMENT PLAN
Plan identification number	002

KGS 401(K) RETIREMENT PLAN Benefits

401k Plan Type

Defined 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

GAR ENTERPRISES DBA K.G.S. ELECTRONICS has sponsored the creation of one or more 401k plans.

Company Name: GAR ENTERPRISES DBA K.G.S. ELECTRONICS

Employer identification number (EIN): 952409247

NAIC Classification: 336410

Additional information about GAR ENTERPRISES DBA K.G.S. ELECTRONICS

Jurisdiction of Incorporation: California Department of State

Incorporation Date:

Company Identification Number: C0500526

More information about GAR ENTERPRISES DBA K.G.S. ELECTRONICS

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KGS 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2021-10-01 NATHAN SUGIMOTO 2023-04-21
002 2020-10-01 NATHAN SUGIMOTO 2022-04-11
002 2019-10-01 NATHAN SUGIMOTO 2021-04-19
002 2018-10-01 NATHAN SUGIMOTO 2020-04-09
002 2017-10-01 NATHAN SUGIMOTO 2019-03-20
002 2016-10-01 NATHAN SUGIMOTO 2018-03-28
002 2015-10-01 NATHAN SUGIMOTO 2017-04-19
002 2014-10-01 NATHAN SUGIMOTO 2016-04-07
002 2013-10-01 NATHAN SUGIMOTO 2015-04-28
002 2012-10-01 NATHAN SUGIMOTO 2014-04-22
002 2011-10-01 NATHAN SUGIMOTO 2013-04-19
002 2010-10-01 NATHAN SUGIMOTO 2012-05-10

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2021-10-01	NATHAN SUGIMOTO	2023-04-21
002	2020-10-01	NATHAN SUGIMOTO	2022-04-11
002	2019-10-01	NATHAN SUGIMOTO	2021-04-19
002	2018-10-01	NATHAN SUGIMOTO	2020-04-09
002	2017-10-01	NATHAN SUGIMOTO	2019-03-20
002	2016-10-01	NATHAN SUGIMOTO	2018-03-28
002	2015-10-01	NATHAN SUGIMOTO	2017-04-19
002	2014-10-01	NATHAN SUGIMOTO	2016-04-07
002	2013-10-01	NATHAN SUGIMOTO	2015-04-28
002	2012-10-01	NATHAN SUGIMOTO	2014-04-22
002	2011-10-01	NATHAN SUGIMOTO	2013-04-19
002	2010-10-01	NATHAN SUGIMOTO	2012-05-10

Financial Data on KGS 401(K) RETIREMENT PLAN

Measure	Date	Value
2009 : KGS 401(K) RETIREMENT PLAN 2009 401k financial data
Total income from all sources	2009-09-30	$606,453
Expenses. Total of all expenses incurred	2009-09-30	$553,160
Benefits paid (including direct rollovers)	2009-09-30	$551,070
Total plan assets at end of year	2009-09-30	$8,691,447
Total plan assets at beginning of year	2009-09-30	$8,638,154
Value of fidelity bond covering the plan	2009-09-30	$1,200,000
Total contributions received or receivable from participants	2009-09-30	$335,097
Other income received	2009-09-30	$-427,698
Net income (gross income less expenses)	2009-09-30	$53,293
Net plan assets at end of year (total assets less liabilities)	2009-09-30	$8,691,447
Net plan assets at beginning of year (total assets less liabilities)	2009-09-30	$8,638,154
Total contributions received or receivable from employer(s)	2009-09-30	$699,054
Expenses. Administrative service providers (salaries,fees and commissions)	2009-09-30	$2,090

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

311819

Policy instance

Insurance contract or identification number	311819
Number of Individuals Covered	108
Insurance policy start date	2008-10-01
Insurance policy end date	2009-09-30
Total amount of commissions paid to insurance broker	USD $806
Total amount of fees paid to insurance company	USD $843
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

Potentially related plans

KGS 401(K) PLAN [EIN = 452397126]

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Company Name:	GAR ENTERPRISES DBA K.G.S. ELECTRONICS
Employer identification number (EIN):	952409247
NAIC Classification:	336410

Jurisdiction of Incorporation:	California Department of State
Incorporation Date:
Company Identification Number:	C0500526