401k Plan data: KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN plan

KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN
Plan identification number	001

KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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.
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

KENNEBEC LUMBER has sponsored the creation of one or more 401k plans.

Company Name: KENNEBEC LUMBER

Employer identification number (EIN): 010527516

NAIC Classification: 484110
NAIC Description: General Freight Trucking, Local

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 DENIS CARRIER 2023-08-29 DENIS CARRIER 2023-08-29
001 2021-01-01 DENIS CARRIER 2022-12-12 DENIS CARRIER 2022-12-12
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	DENIS CARRIER	2023-08-29	DENIS CARRIER	2023-08-29
001	2021-01-01	DENIS CARRIER	2022-12-12	DENIS CARRIER	2022-12-12
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01

Plan Statistics for KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 192
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 148
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 22
Total of all active and inactive participants 2022-01-01 170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 170
Number of participants with account balances 2022-01-01 98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 7
2021: KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 189
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 140
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 32
Total of all active and inactive participants 2021-01-01 172
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 172
Number of participants with account balances 2021-01-01 114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 9

Measure	Date	Value
2022: KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	192
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	148
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	22
Total of all active and inactive participants	2022-01-01	170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	170
Number of participants with account balances	2022-01-01	98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	7
2021: KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	189
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	140
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	32
Total of all active and inactive participants	2021-01-01	172
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	172
Number of participants with account balances	2021-01-01	114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	9

Financial Data on KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2022 : KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$-177,141
Total of all expenses incurred	2022-12-31	$250,925
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$202,231
Value of total corrective distributions	2022-12-31	$22,865
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$429,965
Value of total assets at end of year	2022-12-31	$3,097,826
Value of total assets at beginning of year	2022-12-31	$3,525,892
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$25,829
Total interest from all sources	2022-12-31	$3,043
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$326,399
Participant contributions at end of year	2022-12-31	$52,554
Participant contributions at beginning of year	2022-12-31	$62,061
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$28,244
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-428,066
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$3,097,826
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$3,525,892
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$1,275
Value of interest in pooled separate accounts at end of year	2022-12-31	$3,045,272
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$3,463,831
Income. Interest from loans (other than to participants)	2022-12-31	$3,043
Net investment gain/loss from pooled separate accounts	2022-12-31	$-610,149
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$75,322
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$202,231
Contract administrator fees	2022-12-31	$24,554
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	BERRY, DUNN, MCNEIL & PARKER, LLC
Accountancy firm EIN	2022-12-31	010523282
2021 : KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$1,738,396
Total of all expenses incurred	2021-12-31	$357,220
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$301,269
Value of total corrective distributions	2021-12-31	$28,731
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,400,348
Value of total assets at end of year	2021-12-31	$3,525,892
Value of total assets at beginning of year	2021-12-31	$2,144,716
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$27,220
Total interest from all sources	2021-12-31	$3,423
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$317,017
Participant contributions at end of year	2021-12-31	$62,061
Participant contributions at beginning of year	2021-12-31	$72,607
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$1,007,018
Administrative expenses (other) incurred	2021-12-31	$1,775
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$1,381,176
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$3,525,892
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$2,144,716
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in pooled separate accounts at end of year	2021-12-31	$3,463,831
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$2,072,109
Interest on participant loans	2021-12-31	$3,423
Net investment gain/loss from pooled separate accounts	2021-12-31	$334,625
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$76,313
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$301,269
Contract administrator fees	2021-12-31	$25,445
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	BERRY, DUNN, MCNEIL & PARKER, LLC
Accountancy firm EIN	2021-12-31	010523282

Form 5500 Responses for KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN

2022: KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: KENNEBEC LUMBER COMPANY 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	Yes
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

123365

Policy instance

Insurance contract or identification number	123365
Number of Individuals Covered	107
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $16,090
Total amount of fees paid to insurance company	USD $3,287
Commission paid to Insurance Broker	USD $16,090
Insurance broker organization code?	3
Amount paid for insurance broker fees	3287

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

123365

Policy instance

Insurance contract or identification number	123365
Number of Individuals Covered	118
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $15,633
Total amount of fees paid to insurance company	USD $6,074
Commission paid to Insurance Broker	USD $15,633
Insurance broker organization code?	3
Amount paid for insurance broker fees	6074

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Company Name:	KENNEBEC LUMBER
Employer identification number (EIN):	010527516
NAIC Classification:	484110
NAIC Description:	General Freight Trucking, Local