401k Plan data: KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN plan

KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan Name	KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN
Plan identification number	005

KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN Benefits

401k Plan Type

Defined 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).
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

KERNS MANUFACTURING CORP. has sponsored the creation of one or more 401k plans.

Company Name: KERNS MANUFACTURING CORP.

Employer identification number (EIN): 111613018

NAIC Classification: 339900

Additional information about KERNS MANUFACTURING CORP.

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 1950-01-24

Company Identification Number: 82279

Legal Registered Office Address: 3714 29th St
Kings
Long Island City
United States of America (USA)
111012690

More information about KERNS MANUFACTURING CORP.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
005 2022-02-01 BEHNAM MOVASEGHI 2023-05-25 BEHNAM MOVASEGHI 2023-05-25
005 2021-02-01 BEHNAM MOVASEGHI 2022-04-13
005 2020-02-01 BEHNAM MOVASEGHI 2021-05-06
005 2019-02-01 BEHNAM MOVASEGHI 2020-08-24
005 2018-02-01 BEHNAM MOVASEGHI 2019-10-23
005 2017-02-01 BEHNAM MOVESEGHI 2018-08-31
005 2016-02-01 ROBERT ARRIGHI 2017-10-24
005 2015-02-01 ROBERT ARRIGHI 2016-08-10
005 2014-02-01 ROBERT ARRIGHI 2015-09-14
005 2013-02-01 ROBERT ARRIGHI 2014-09-22
005 2012-02-01 ROBERT ARRIGHI 2013-04-10

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
005	2022-02-01	BEHNAM MOVASEGHI	2023-05-25	BEHNAM MOVASEGHI	2023-05-25
005	2021-02-01	BEHNAM MOVASEGHI	2022-04-13
005	2020-02-01	BEHNAM MOVASEGHI	2021-05-06
005	2019-02-01	BEHNAM MOVASEGHI	2020-08-24
005	2018-02-01	BEHNAM MOVASEGHI	2019-10-23
005	2017-02-01	BEHNAM MOVESEGHI	2018-08-31
005	2016-02-01	ROBERT ARRIGHI	2017-10-24
005	2015-02-01	ROBERT ARRIGHI	2016-08-10
005	2014-02-01	ROBERT ARRIGHI	2015-09-14
005	2013-02-01	ROBERT ARRIGHI	2014-09-22
005	2012-02-01	ROBERT ARRIGHI	2013-04-10

Plan Statistics for KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN

Measure Date Value
2023: KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN 2023 401k membership
Market value of plan assets 2023-01-31 6,193,276
Acturial value of plan assets 2023-01-31 6,193,276
Funding target for retired participants and beneficiaries receiving payment 2023-01-31 205,318
Number of terminated vested participants 2023-01-31 23
Fundng target for terminated vested participants 2023-01-31 475,297
Active participant vested funding target 2023-01-31 2,677,023
Number of active participants 2023-01-31 31
Total funding liabilities for active participants 2023-01-31 2,742,383
Total participant count 2023-01-31 57
Total funding target for all participants 2023-01-31 3,422,998
Balance at beginning of prior year after applicable adjustments 2023-01-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2023-01-31 2,858,603
Carryover balanced portion elected for use to offset prior years funding requirement 2023-01-31 0
Prefunding balanced used to offset prior years funding requirement 2023-01-31 0
Amount remaining of carryover balance 2023-01-31 0
Amount remaining of prefunding balance 2023-01-31 2,858,603
Present value of excess contributions 2023-01-31 1,597
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2023-01-31 1,677
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2023-01-31 1,677
Reductions in caryover balances due to elections or deemed elections 2023-01-31 0
Reductions in prefunding balances due to elections or deemed elections 2023-01-31 0
Balance of carryovers at beginning of current year 2023-01-31 0
Balance of prefunding at beginning of current year 2023-01-31 3,189,019
Contributions allocated toward unpaid minimum require contributions from prior years 2023-01-31 0
Contributions made to avoid restrictions adjusted to valuation date 2023-01-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2023-01-31 0
Liquidity shortfalls end of Q1 2023-01-31 0
Liquidity shortfalls end of Q2 2023-01-31 0
Liquidity shortfalls end of Q3 2023-01-31 0
Liquidity shortfalls end of Q4 2023-01-31 0
Unpaid minimum required contributions for all prior years 2023-01-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2023-01-31 0
Remaining amount of unpaid minimum required contributions 2023-01-31 0
Minimum required contributions for current year target normal cost 2023-01-31 87,118
Net shortfall amortization installment of oustanding balance 2023-01-31 418,741
Waiver amortization installment 2023-01-31 0
Total funding amount beforereflecting carryover/prefunding balances 2023-01-31 125,814
Carryover balance elected to use to offset funding requirement 2023-01-31 0
Prefunding balance elected to use to offset funding requirement 2023-01-31 125,814
Additional cash requirement 2023-01-31 0
Contributions allocatedtoward minimum required contributions for current year 2023-01-31 0
Unpaid minimum required contributions for current year 2023-01-31 0
Unpaid minimum required contributions for all years 2023-01-31 0
2022: KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN 2022 401k membership
Market value of plan assets 2022-01-31 5,456,386
Acturial value of plan assets 2022-01-31 5,456,386
Funding target for retired participants and beneficiaries receiving payment 2022-01-31 218,673
Number of terminated vested participants 2022-01-31 27
Fundng target for terminated vested participants 2022-01-31 461,939
Active participant vested funding target 2022-01-31 2,507,754
Number of active participants 2022-01-31 31
Total funding liabilities for active participants 2022-01-31 2,563,152
Total participant count 2022-01-31 61
Total funding target for all participants 2022-01-31 3,243,764
Balance at beginning of prior year after applicable adjustments 2022-01-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-01-31 2,888,517
Carryover balanced portion elected for use to offset prior years funding requirement 2022-01-31 0
Prefunding balanced used to offset prior years funding requirement 2022-01-31 49,391
Amount remaining of carryover balance 2022-01-31 0
Amount remaining of prefunding balance 2022-01-31 2,839,126
Present value of excess contributions 2022-01-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-01-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-01-31 0
Reductions in caryover balances due to elections or deemed elections 2022-01-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-01-31 166,157
Balance of carryovers at beginning of current year 2022-01-31 0
Balance of prefunding at beginning of current year 2022-01-31 2,858,603
Total employer contributions 2022-01-31 186,691
Total employee contributions 2022-01-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-01-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-01-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-01-31 184,084
Liquidity shortfalls end of Q1 2022-01-31 0
Liquidity shortfalls end of Q2 2022-01-31 0
Liquidity shortfalls end of Q3 2022-01-31 0
Liquidity shortfalls end of Q4 2022-01-31 0
Unpaid minimum required contributions for all prior years 2022-01-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-01-31 0
Remaining amount of unpaid minimum required contributions 2022-01-31 0
Minimum required contributions for current year target normal cost 2022-01-31 77,362
Net shortfall amortization installment of oustanding balance 2022-01-31 479,347
Waiver amortization installment 2022-01-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-01-31 182,487
Carryover balance elected to use to offset funding requirement 2022-01-31 0
Prefunding balance elected to use to offset funding requirement 2022-01-31 0
Additional cash requirement 2022-01-31 182,487
Contributions allocatedtoward minimum required contributions for current year 2022-01-31 184,084
Unpaid minimum required contributions for current year 2022-01-31 0
Unpaid minimum required contributions for all years 2022-01-31 0
2021: KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets 2021-01-31 5,225,886
Acturial value of plan assets 2021-01-31 5,225,886
Funding target for retired participants and beneficiaries receiving payment 2021-01-31 164,487
Number of terminated vested participants 2021-01-31 27
Fundng target for terminated vested participants 2021-01-31 436,819
Active participant vested funding target 2021-01-31 2,264,263
Number of active participants 2021-01-31 30
Total funding liabilities for active participants 2021-01-31 2,297,375
Total participant count 2021-01-31 59
Total funding target for all participants 2021-01-31 2,898,681
Balance at beginning of prior year after applicable adjustments 2021-01-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-01-31 2,778,978
Carryover balanced portion elected for use to offset prior years funding requirement 2021-01-31 0
Prefunding balanced used to offset prior years funding requirement 2021-01-31 142,508
Amount remaining of carryover balance 2021-01-31 0
Amount remaining of prefunding balance 2021-01-31 2,636,470
Present value of excess contributions 2021-01-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-01-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-01-31 0
Reductions in caryover balances due to elections or deemed elections 2021-01-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-01-31 0
Balance of carryovers at beginning of current year 2021-01-31 0
Balance of prefunding at beginning of current year 2021-01-31 2,888,517
Total employer contributions 2021-01-31 125,107
Total employee contributions 2021-01-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-01-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-01-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-01-31 122,862
Liquidity shortfalls end of Q1 2021-01-31 0
Liquidity shortfalls end of Q2 2021-01-31 0
Liquidity shortfalls end of Q3 2021-01-31 0
Liquidity shortfalls end of Q4 2021-01-31 0
Unpaid minimum required contributions for all prior years 2021-01-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-01-31 0
Remaining amount of unpaid minimum required contributions 2021-01-31 0
Minimum required contributions for current year target normal cost 2021-01-31 67,128
Net shortfall amortization installment of oustanding balance 2021-01-31 561,312
Waiver amortization installment 2021-01-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-01-31 172,253
Carryover balance elected to use to offset funding requirement 2021-01-31 0
Prefunding balance elected to use to offset funding requirement 2021-01-31 49,391
Additional cash requirement 2021-01-31 122,862
Contributions allocatedtoward minimum required contributions for current year 2021-01-31 122,862
Unpaid minimum required contributions for current year 2021-01-31 0
Unpaid minimum required contributions for all years 2021-01-31 0
2020: KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets 2020-01-31 5,115,639
Acturial value of plan assets 2020-01-31 5,115,639
Funding target for retired participants and beneficiaries receiving payment 2020-01-31 236,526
Number of terminated vested participants 2020-01-31 25
Fundng target for terminated vested participants 2020-01-31 548,375
Active participant vested funding target 2020-01-31 2,120,812
Number of active participants 2020-01-31 29
Total funding liabilities for active participants 2020-01-31 2,135,033
Total participant count 2020-01-31 56
Total funding target for all participants 2020-01-31 2,919,934
Balance at beginning of prior year after applicable adjustments 2020-01-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-01-31 2,939,921
Carryover balanced portion elected for use to offset prior years funding requirement 2020-01-31 0
Prefunding balanced used to offset prior years funding requirement 2020-01-31 79,943
Amount remaining of carryover balance 2020-01-31 0
Amount remaining of prefunding balance 2020-01-31 2,859,978
Present value of excess contributions 2020-01-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-01-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-01-31 0
Reductions in caryover balances due to elections or deemed elections 2020-01-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-01-31 81,000
Balance of carryovers at beginning of current year 2020-01-31 0
Balance of prefunding at beginning of current year 2020-01-31 2,778,978
Total employer contributions 2020-01-31 0
Total employee contributions 2020-01-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-01-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-01-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-01-31 0
Liquidity shortfalls end of Q1 2020-01-31 0
Liquidity shortfalls end of Q2 2020-01-31 0
Liquidity shortfalls end of Q3 2020-01-31 0
Liquidity shortfalls end of Q4 2020-01-31 0
Unpaid minimum required contributions for all prior years 2020-01-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-01-31 0
Remaining amount of unpaid minimum required contributions 2020-01-31 0
Minimum required contributions for current year target normal cost 2020-01-31 40,842
Net shortfall amortization installment of oustanding balance 2020-01-31 583,273
Waiver amortization installment 2020-01-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-01-31 142,508
Carryover balance elected to use to offset funding requirement 2020-01-31 0
Prefunding balance elected to use to offset funding requirement 2020-01-31 142,508
Additional cash requirement 2020-01-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-01-31 0
Unpaid minimum required contributions for current year 2020-01-31 0
Unpaid minimum required contributions for all years 2020-01-31 0
2019: KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets 2019-01-31 5,356,432
Acturial value of plan assets 2019-01-31 5,356,432
Funding target for retired participants and beneficiaries receiving payment 2019-01-31 53,657
Number of terminated vested participants 2019-01-31 23
Fundng target for terminated vested participants 2019-01-31 491,177
Active participant vested funding target 2019-01-31 2,220,146
Number of active participants 2019-01-31 26
Total funding liabilities for active participants 2019-01-31 2,226,834
Total participant count 2019-01-31 50
Total funding target for all participants 2019-01-31 2,771,668
Balance at beginning of prior year after applicable adjustments 2019-01-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-01-31 2,106,919
Carryover balanced portion elected for use to offset prior years funding requirement 2019-01-31 0
Prefunding balanced used to offset prior years funding requirement 2019-01-31 0
Amount remaining of carryover balance 2019-01-31 0
Amount remaining of prefunding balance 2019-01-31 2,106,919
Present value of excess contributions 2019-01-31 624,645
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-01-31 661,499
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-01-31 661,499
Reductions in caryover balances due to elections or deemed elections 2019-01-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-01-31 0
Balance of carryovers at beginning of current year 2019-01-31 0
Balance of prefunding at beginning of current year 2019-01-31 2,939,921
Total employer contributions 2019-01-31 0
Total employee contributions 2019-01-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-01-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-01-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-01-31 0
Liquidity shortfalls end of Q1 2019-01-31 0
Liquidity shortfalls end of Q2 2019-01-31 0
Liquidity shortfalls end of Q3 2019-01-31 0
Liquidity shortfalls end of Q4 2019-01-31 0
Unpaid minimum required contributions for all prior years 2019-01-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-01-31 0
Remaining amount of unpaid minimum required contributions 2019-01-31 0
Minimum required contributions for current year target normal cost 2019-01-31 21,964
Net shortfall amortization installment of oustanding balance 2019-01-31 355,157
Waiver amortization installment 2019-01-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-01-31 79,943
Carryover balance elected to use to offset funding requirement 2019-01-31 0
Prefunding balance elected to use to offset funding requirement 2019-01-31 79,943
Additional cash requirement 2019-01-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-01-31 0
Unpaid minimum required contributions for current year 2019-01-31 0
Unpaid minimum required contributions for all years 2019-01-31 0
2018: KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets 2018-01-31 5,452,457
Acturial value of plan assets 2018-01-31 5,452,457
Funding target for retired participants and beneficiaries receiving payment 2018-01-31 51,844
Number of terminated vested participants 2018-01-31 20
Fundng target for terminated vested participants 2018-01-31 227,740
Active participant vested funding target 2018-01-31 2,972,232
Number of active participants 2018-01-31 32
Total funding liabilities for active participants 2018-01-31 2,981,911
Total participant count 2018-01-31 53
Total funding target for all participants 2018-01-31 3,261,495
Balance at beginning of prior year after applicable adjustments 2018-01-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-01-31 2,170,962
Carryover balanced portion elected for use to offset prior years funding requirement 2018-01-31 0
Prefunding balanced used to offset prior years funding requirement 2018-01-31 14,859
Amount remaining of carryover balance 2018-01-31 0
Amount remaining of prefunding balance 2018-01-31 2,156,103
Present value of excess contributions 2018-01-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-01-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-01-31 0
Reductions in caryover balances due to elections or deemed elections 2018-01-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-01-31 0
Balance of carryovers at beginning of current year 2018-01-31 0
Balance of prefunding at beginning of current year 2018-01-31 2,106,919
Total employer contributions 2018-01-31 650,956
Total employee contributions 2018-01-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-01-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-01-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-01-31 624,645
Liquidity shortfalls end of Q1 2018-01-31 0
Liquidity shortfalls end of Q2 2018-01-31 0
Liquidity shortfalls end of Q3 2018-01-31 0
Liquidity shortfalls end of Q4 2018-01-31 0
Unpaid minimum required contributions for all prior years 2018-01-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-01-31 0
Remaining amount of unpaid minimum required contributions 2018-01-31 0
Minimum required contributions for current year target normal cost 2018-01-31 61,563
Net shortfall amortization installment of oustanding balance 2018-01-31 0
Waiver amortization installment 2018-01-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-01-31 0
Carryover balance elected to use to offset funding requirement 2018-01-31 0
Prefunding balance elected to use to offset funding requirement 2018-01-31 0
Additional cash requirement 2018-01-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-01-31 624,645
Unpaid minimum required contributions for current year 2018-01-31 0
Unpaid minimum required contributions for all years 2018-01-31 0
2017: KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets 2017-01-31 4,760,254
Acturial value of plan assets 2017-01-31 4,760,254
Funding target for retired participants and beneficiaries receiving payment 2017-01-31 52,025
Number of terminated vested participants 2017-01-31 18
Fundng target for terminated vested participants 2017-01-31 139,249
Active participant vested funding target 2017-01-31 2,671,783
Number of active participants 2017-01-31 38
Total funding liabilities for active participants 2017-01-31 2,696,124
Total participant count 2017-01-31 57
Total funding target for all participants 2017-01-31 2,887,398
Balance at beginning of prior year after applicable adjustments 2017-01-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-01-31 1,607,472
Carryover balanced portion elected for use to offset prior years funding requirement 2017-01-31 0
Prefunding balanced used to offset prior years funding requirement 2017-01-31 0
Amount remaining of carryover balance 2017-01-31 0
Amount remaining of prefunding balance 2017-01-31 1,607,472
Present value of excess contributions 2017-01-31 564,444
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-01-31 600,060
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-01-31 600,060
Reductions in caryover balances due to elections or deemed elections 2017-01-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-01-31 0
Balance of carryovers at beginning of current year 2017-01-31 0
Balance of prefunding at beginning of current year 2017-01-31 2,170,962
Total employer contributions 2017-01-31 198,475
Total employee contributions 2017-01-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-01-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-01-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-01-31 195,498
Liquidity shortfalls end of Q1 2017-01-31 0
Liquidity shortfalls end of Q2 2017-01-31 0
Liquidity shortfalls end of Q3 2017-01-31 0
Liquidity shortfalls end of Q4 2017-01-31 0
Unpaid minimum required contributions for all prior years 2017-01-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-01-31 0
Remaining amount of unpaid minimum required contributions 2017-01-31 0
Minimum required contributions for current year target normal cost 2017-01-31 82,301
Net shortfall amortization installment of oustanding balance 2017-01-31 298,106
Waiver amortization installment 2017-01-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-01-31 210,357
Carryover balance elected to use to offset funding requirement 2017-01-31 0
Prefunding balance elected to use to offset funding requirement 2017-01-31 14,859
Additional cash requirement 2017-01-31 195,498
Contributions allocatedtoward minimum required contributions for current year 2017-01-31 195,498
Unpaid minimum required contributions for current year 2017-01-31 0
Unpaid minimum required contributions for all years 2017-01-31 0

Measure	Date	Value
2023: KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN 2023 401k membership
Market value of plan assets	2023-01-31	6,193,276
Acturial value of plan assets	2023-01-31	6,193,276
Funding target for retired participants and beneficiaries receiving payment	2023-01-31	205,318
Number of terminated vested participants	2023-01-31	23
Fundng target for terminated vested participants	2023-01-31	475,297
Active participant vested funding target	2023-01-31	2,677,023
Number of active participants	2023-01-31	31
Total funding liabilities for active participants	2023-01-31	2,742,383
Total participant count	2023-01-31	57
Total funding target for all participants	2023-01-31	3,422,998
Balance at beginning of prior year after applicable adjustments	2023-01-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2023-01-31	2,858,603
Carryover balanced portion elected for use to offset prior years funding requirement	2023-01-31	0
Prefunding balanced used to offset prior years funding requirement	2023-01-31	0
Amount remaining of carryover balance	2023-01-31	0
Amount remaining of prefunding balance	2023-01-31	2,858,603
Present value of excess contributions	2023-01-31	1,597
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2023-01-31	1,677
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2023-01-31	1,677
Reductions in caryover balances due to elections or deemed elections	2023-01-31	0
Reductions in prefunding balances due to elections or deemed elections	2023-01-31	0
Balance of carryovers at beginning of current year	2023-01-31	0
Balance of prefunding at beginning of current year	2023-01-31	3,189,019
Contributions allocated toward unpaid minimum require contributions from prior years	2023-01-31	0
Contributions made to avoid restrictions adjusted to valuation date	2023-01-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2023-01-31	0
Liquidity shortfalls end of Q1	2023-01-31	0
Liquidity shortfalls end of Q2	2023-01-31	0
Liquidity shortfalls end of Q3	2023-01-31	0
Liquidity shortfalls end of Q4	2023-01-31	0
Unpaid minimum required contributions for all prior years	2023-01-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2023-01-31	0
Remaining amount of unpaid minimum required contributions	2023-01-31	0
Minimum required contributions for current year target normal cost	2023-01-31	87,118
Net shortfall amortization installment of oustanding balance	2023-01-31	418,741
Waiver amortization installment	2023-01-31	0
Total funding amount beforereflecting carryover/prefunding balances	2023-01-31	125,814
Carryover balance elected to use to offset funding requirement	2023-01-31	0
Prefunding balance elected to use to offset funding requirement	2023-01-31	125,814
Additional cash requirement	2023-01-31	0
Contributions allocatedtoward minimum required contributions for current year	2023-01-31	0
Unpaid minimum required contributions for current year	2023-01-31	0
Unpaid minimum required contributions for all years	2023-01-31	0
2022: KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN 2022 401k membership
Market value of plan assets	2022-01-31	5,456,386
Acturial value of plan assets	2022-01-31	5,456,386
Funding target for retired participants and beneficiaries receiving payment	2022-01-31	218,673
Number of terminated vested participants	2022-01-31	27
Fundng target for terminated vested participants	2022-01-31	461,939
Active participant vested funding target	2022-01-31	2,507,754
Number of active participants	2022-01-31	31
Total funding liabilities for active participants	2022-01-31	2,563,152
Total participant count	2022-01-31	61
Total funding target for all participants	2022-01-31	3,243,764
Balance at beginning of prior year after applicable adjustments	2022-01-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-01-31	2,888,517
Carryover balanced portion elected for use to offset prior years funding requirement	2022-01-31	0
Prefunding balanced used to offset prior years funding requirement	2022-01-31	49,391
Amount remaining of carryover balance	2022-01-31	0
Amount remaining of prefunding balance	2022-01-31	2,839,126
Present value of excess contributions	2022-01-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-01-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-01-31	0
Reductions in caryover balances due to elections or deemed elections	2022-01-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-01-31	166,157
Balance of carryovers at beginning of current year	2022-01-31	0
Balance of prefunding at beginning of current year	2022-01-31	2,858,603
Total employer contributions	2022-01-31	186,691
Total employee contributions	2022-01-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-01-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-01-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-01-31	184,084
Liquidity shortfalls end of Q1	2022-01-31	0
Liquidity shortfalls end of Q2	2022-01-31	0
Liquidity shortfalls end of Q3	2022-01-31	0
Liquidity shortfalls end of Q4	2022-01-31	0
Unpaid minimum required contributions for all prior years	2022-01-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-01-31	0
Remaining amount of unpaid minimum required contributions	2022-01-31	0
Minimum required contributions for current year target normal cost	2022-01-31	77,362
Net shortfall amortization installment of oustanding balance	2022-01-31	479,347
Waiver amortization installment	2022-01-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-01-31	182,487
Carryover balance elected to use to offset funding requirement	2022-01-31	0
Prefunding balance elected to use to offset funding requirement	2022-01-31	0
Additional cash requirement	2022-01-31	182,487
Contributions allocatedtoward minimum required contributions for current year	2022-01-31	184,084
Unpaid minimum required contributions for current year	2022-01-31	0
Unpaid minimum required contributions for all years	2022-01-31	0
2021: KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets	2021-01-31	5,225,886
Acturial value of plan assets	2021-01-31	5,225,886
Funding target for retired participants and beneficiaries receiving payment	2021-01-31	164,487
Number of terminated vested participants	2021-01-31	27
Fundng target for terminated vested participants	2021-01-31	436,819
Active participant vested funding target	2021-01-31	2,264,263
Number of active participants	2021-01-31	30
Total funding liabilities for active participants	2021-01-31	2,297,375
Total participant count	2021-01-31	59
Total funding target for all participants	2021-01-31	2,898,681
Balance at beginning of prior year after applicable adjustments	2021-01-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-01-31	2,778,978
Carryover balanced portion elected for use to offset prior years funding requirement	2021-01-31	0
Prefunding balanced used to offset prior years funding requirement	2021-01-31	142,508
Amount remaining of carryover balance	2021-01-31	0
Amount remaining of prefunding balance	2021-01-31	2,636,470
Present value of excess contributions	2021-01-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-01-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-01-31	0
Reductions in caryover balances due to elections or deemed elections	2021-01-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-01-31	0
Balance of carryovers at beginning of current year	2021-01-31	0
Balance of prefunding at beginning of current year	2021-01-31	2,888,517
Total employer contributions	2021-01-31	125,107
Total employee contributions	2021-01-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-01-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-01-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-01-31	122,862
Liquidity shortfalls end of Q1	2021-01-31	0
Liquidity shortfalls end of Q2	2021-01-31	0
Liquidity shortfalls end of Q3	2021-01-31	0
Liquidity shortfalls end of Q4	2021-01-31	0
Unpaid minimum required contributions for all prior years	2021-01-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-01-31	0
Remaining amount of unpaid minimum required contributions	2021-01-31	0
Minimum required contributions for current year target normal cost	2021-01-31	67,128
Net shortfall amortization installment of oustanding balance	2021-01-31	561,312
Waiver amortization installment	2021-01-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-01-31	172,253
Carryover balance elected to use to offset funding requirement	2021-01-31	0
Prefunding balance elected to use to offset funding requirement	2021-01-31	49,391
Additional cash requirement	2021-01-31	122,862
Contributions allocatedtoward minimum required contributions for current year	2021-01-31	122,862
Unpaid minimum required contributions for current year	2021-01-31	0
Unpaid minimum required contributions for all years	2021-01-31	0
2020: KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets	2020-01-31	5,115,639
Acturial value of plan assets	2020-01-31	5,115,639
Funding target for retired participants and beneficiaries receiving payment	2020-01-31	236,526
Number of terminated vested participants	2020-01-31	25
Fundng target for terminated vested participants	2020-01-31	548,375
Active participant vested funding target	2020-01-31	2,120,812
Number of active participants	2020-01-31	29
Total funding liabilities for active participants	2020-01-31	2,135,033
Total participant count	2020-01-31	56
Total funding target for all participants	2020-01-31	2,919,934
Balance at beginning of prior year after applicable adjustments	2020-01-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-01-31	2,939,921
Carryover balanced portion elected for use to offset prior years funding requirement	2020-01-31	0
Prefunding balanced used to offset prior years funding requirement	2020-01-31	79,943
Amount remaining of carryover balance	2020-01-31	0
Amount remaining of prefunding balance	2020-01-31	2,859,978
Present value of excess contributions	2020-01-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-01-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-01-31	0
Reductions in caryover balances due to elections or deemed elections	2020-01-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-01-31	81,000
Balance of carryovers at beginning of current year	2020-01-31	0
Balance of prefunding at beginning of current year	2020-01-31	2,778,978
Total employer contributions	2020-01-31	0
Total employee contributions	2020-01-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-01-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-01-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-01-31	0
Liquidity shortfalls end of Q1	2020-01-31	0
Liquidity shortfalls end of Q2	2020-01-31	0
Liquidity shortfalls end of Q3	2020-01-31	0
Liquidity shortfalls end of Q4	2020-01-31	0
Unpaid minimum required contributions for all prior years	2020-01-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-01-31	0
Remaining amount of unpaid minimum required contributions	2020-01-31	0
Minimum required contributions for current year target normal cost	2020-01-31	40,842
Net shortfall amortization installment of oustanding balance	2020-01-31	583,273
Waiver amortization installment	2020-01-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-01-31	142,508
Carryover balance elected to use to offset funding requirement	2020-01-31	0
Prefunding balance elected to use to offset funding requirement	2020-01-31	142,508
Additional cash requirement	2020-01-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-01-31	0
Unpaid minimum required contributions for current year	2020-01-31	0
Unpaid minimum required contributions for all years	2020-01-31	0
2019: KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets	2019-01-31	5,356,432
Acturial value of plan assets	2019-01-31	5,356,432
Funding target for retired participants and beneficiaries receiving payment	2019-01-31	53,657
Number of terminated vested participants	2019-01-31	23
Fundng target for terminated vested participants	2019-01-31	491,177
Active participant vested funding target	2019-01-31	2,220,146
Number of active participants	2019-01-31	26
Total funding liabilities for active participants	2019-01-31	2,226,834
Total participant count	2019-01-31	50
Total funding target for all participants	2019-01-31	2,771,668
Balance at beginning of prior year after applicable adjustments	2019-01-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-01-31	2,106,919
Carryover balanced portion elected for use to offset prior years funding requirement	2019-01-31	0
Prefunding balanced used to offset prior years funding requirement	2019-01-31	0
Amount remaining of carryover balance	2019-01-31	0
Amount remaining of prefunding balance	2019-01-31	2,106,919
Present value of excess contributions	2019-01-31	624,645
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-01-31	661,499
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-01-31	661,499
Reductions in caryover balances due to elections or deemed elections	2019-01-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-01-31	0
Balance of carryovers at beginning of current year	2019-01-31	0
Balance of prefunding at beginning of current year	2019-01-31	2,939,921
Total employer contributions	2019-01-31	0
Total employee contributions	2019-01-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-01-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-01-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-01-31	0
Liquidity shortfalls end of Q1	2019-01-31	0
Liquidity shortfalls end of Q2	2019-01-31	0
Liquidity shortfalls end of Q3	2019-01-31	0
Liquidity shortfalls end of Q4	2019-01-31	0
Unpaid minimum required contributions for all prior years	2019-01-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-01-31	0
Remaining amount of unpaid minimum required contributions	2019-01-31	0
Minimum required contributions for current year target normal cost	2019-01-31	21,964
Net shortfall amortization installment of oustanding balance	2019-01-31	355,157
Waiver amortization installment	2019-01-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-01-31	79,943
Carryover balance elected to use to offset funding requirement	2019-01-31	0
Prefunding balance elected to use to offset funding requirement	2019-01-31	79,943
Additional cash requirement	2019-01-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-01-31	0
Unpaid minimum required contributions for current year	2019-01-31	0
Unpaid minimum required contributions for all years	2019-01-31	0
2018: KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets	2018-01-31	5,452,457
Acturial value of plan assets	2018-01-31	5,452,457
Funding target for retired participants and beneficiaries receiving payment	2018-01-31	51,844
Number of terminated vested participants	2018-01-31	20
Fundng target for terminated vested participants	2018-01-31	227,740
Active participant vested funding target	2018-01-31	2,972,232
Number of active participants	2018-01-31	32
Total funding liabilities for active participants	2018-01-31	2,981,911
Total participant count	2018-01-31	53
Total funding target for all participants	2018-01-31	3,261,495
Balance at beginning of prior year after applicable adjustments	2018-01-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-01-31	2,170,962
Carryover balanced portion elected for use to offset prior years funding requirement	2018-01-31	0
Prefunding balanced used to offset prior years funding requirement	2018-01-31	14,859
Amount remaining of carryover balance	2018-01-31	0
Amount remaining of prefunding balance	2018-01-31	2,156,103
Present value of excess contributions	2018-01-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-01-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-01-31	0
Reductions in caryover balances due to elections or deemed elections	2018-01-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-01-31	0
Balance of carryovers at beginning of current year	2018-01-31	0
Balance of prefunding at beginning of current year	2018-01-31	2,106,919
Total employer contributions	2018-01-31	650,956
Total employee contributions	2018-01-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-01-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-01-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-01-31	624,645
Liquidity shortfalls end of Q1	2018-01-31	0
Liquidity shortfalls end of Q2	2018-01-31	0
Liquidity shortfalls end of Q3	2018-01-31	0
Liquidity shortfalls end of Q4	2018-01-31	0
Unpaid minimum required contributions for all prior years	2018-01-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-01-31	0
Remaining amount of unpaid minimum required contributions	2018-01-31	0
Minimum required contributions for current year target normal cost	2018-01-31	61,563
Net shortfall amortization installment of oustanding balance	2018-01-31	0
Waiver amortization installment	2018-01-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-01-31	0
Carryover balance elected to use to offset funding requirement	2018-01-31	0
Prefunding balance elected to use to offset funding requirement	2018-01-31	0
Additional cash requirement	2018-01-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-01-31	624,645
Unpaid minimum required contributions for current year	2018-01-31	0
Unpaid minimum required contributions for all years	2018-01-31	0
2017: KERNS MANUFACTURING CORP. OFFICE EMPLOYEES DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets	2017-01-31	4,760,254
Acturial value of plan assets	2017-01-31	4,760,254
Funding target for retired participants and beneficiaries receiving payment	2017-01-31	52,025
Number of terminated vested participants	2017-01-31	18
Fundng target for terminated vested participants	2017-01-31	139,249
Active participant vested funding target	2017-01-31	2,671,783
Number of active participants	2017-01-31	38
Total funding liabilities for active participants	2017-01-31	2,696,124
Total participant count	2017-01-31	57
Total funding target for all participants	2017-01-31	2,887,398
Balance at beginning of prior year after applicable adjustments	2017-01-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-01-31	1,607,472
Carryover balanced portion elected for use to offset prior years funding requirement	2017-01-31	0
Prefunding balanced used to offset prior years funding requirement	2017-01-31	0
Amount remaining of carryover balance	2017-01-31	0
Amount remaining of prefunding balance	2017-01-31	1,607,472
Present value of excess contributions	2017-01-31	564,444
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-01-31	600,060
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-01-31	600,060
Reductions in caryover balances due to elections or deemed elections	2017-01-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-01-31	0
Balance of carryovers at beginning of current year	2017-01-31	0
Balance of prefunding at beginning of current year	2017-01-31	2,170,962
Total employer contributions	2017-01-31	198,475
Total employee contributions	2017-01-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-01-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-01-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-01-31	195,498
Liquidity shortfalls end of Q1	2017-01-31	0
Liquidity shortfalls end of Q2	2017-01-31	0
Liquidity shortfalls end of Q3	2017-01-31	0
Liquidity shortfalls end of Q4	2017-01-31	0
Unpaid minimum required contributions for all prior years	2017-01-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-01-31	0
Remaining amount of unpaid minimum required contributions	2017-01-31	0
Minimum required contributions for current year target normal cost	2017-01-31	82,301
Net shortfall amortization installment of oustanding balance	2017-01-31	298,106
Waiver amortization installment	2017-01-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-01-31	210,357
Carryover balance elected to use to offset funding requirement	2017-01-31	0
Prefunding balance elected to use to offset funding requirement	2017-01-31	14,859
Additional cash requirement	2017-01-31	195,498
Contributions allocatedtoward minimum required contributions for current year	2017-01-31	195,498
Unpaid minimum required contributions for current year	2017-01-31	0
Unpaid minimum required contributions for all years	2017-01-31	0

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Company Name:	KERNS MANUFACTURING CORP.
Employer identification number (EIN):	111613018
NAIC Classification:	339900

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	1950-01-24
Company Identification Number:	82279
Legal Registered Office Address:	3714 29th St Kings Long Island City United States of America (USA) 111012690