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KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES 401k Plan overview

Plan NameKEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES
Plan identification number 002

KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:KEROTEST MANUFACTURING CORP.
Employer identification number (EIN):251181239
NAIC Classification:332510
NAIC Description:Hardware Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01BRIAN KNAPP2023-10-10
0022021-01-01CHRISTOPHER WHITE2022-09-28
0022020-01-01CHRISTOPHER WHITE2021-10-08
0022019-01-01CHRISTOPHER WHITE2020-09-30
0022018-01-01CHRISTOPHER WHITE2019-10-04
0022017-01-01CHRISTOPHER WHITE2018-06-28
0022016-01-01CHRISTOPHER WHITE2017-10-05
0022015-01-01CHRISTOPHER WHITE2016-10-04
0022014-01-01CHRISTOPHER WHITE2015-10-07
0022013-01-01CHRISTOPHER WHITE2014-10-01
0022012-01-01CHRISTOPHER WHITE2013-10-09
0022011-01-01CHRISTOPHER WHITE2012-10-04
0022010-01-01CHRISTOPHER WHITE2011-10-12
0022009-01-01CHRIS WHITE

Plan Statistics for KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES

401k plan membership statisitcs for KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES

Measure Date Value
2022: KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES 2022 401k membership
Market value of plan assets2022-12-313,560,991
Acturial value of plan assets2022-12-313,615,966
Funding target for retired participants and beneficiaries receiving payment2022-12-313,739,300
Number of terminated vested participants2022-12-310
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-310
Number of active participants2022-12-310
Total funding liabilities for active participants2022-12-310
Total participant count2022-12-3137
Total funding target for all participants2022-12-313,739,300
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3118,507
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 balance2022-12-3118,507
Present value of excess contributions2022-12-3140,872
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3143,087
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-3143,087
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 year2022-12-3162,052
Total employer contributions2022-12-3125,000
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 date2022-12-3124,706
Liquidity shortfalls end of Q12022-12-310
Liquidity shortfalls end of Q22022-12-310
Liquidity shortfalls end of Q32022-12-310
Liquidity shortfalls end of Q42022-12-310
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 balance2022-12-31185,386
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3118,575
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-3118,575
Contributions allocatedtoward minimum required contributions for current year2022-12-3124,706
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES 2021 401k membership
Market value of plan assets2021-12-313,765,306
Acturial value of plan assets2021-12-313,552,385
Funding target for retired participants and beneficiaries receiving payment2021-12-313,873,606
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-310
Number of active participants2021-12-310
Total funding liabilities for active participants2021-12-310
Total participant count2021-12-3138
Total funding target for all participants2021-12-313,873,606
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31352
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 balance2021-12-31352
Present value of excess contributions2021-12-3117,231
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3118,124
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-3118,124
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 year2021-12-3118,507
Total employer contributions2021-12-3174,000
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 date2021-12-3172,549
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
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 balance2021-12-31339,728
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3131,677
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-3131,677
Contributions allocatedtoward minimum required contributions for current year2021-12-3172,549
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES 2020 401k membership
Market value of plan assets2020-12-313,660,222
Acturial value of plan assets2020-12-313,501,111
Funding target for retired participants and beneficiaries receiving payment2020-12-314,063,393
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-310
Number of active participants2020-12-310
Total funding liabilities for active participants2020-12-310
Total participant count2020-12-3138
Total funding target for all participants2020-12-314,063,393
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-315,203
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-314,911
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31292
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
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 year2020-12-31352
Total employer contributions2020-12-31169,200
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 date2020-12-31163,654
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 balance2020-12-31562,634
Total funding amount beforereflecting carryover/prefunding balances2020-12-31146,423
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31146,423
Contributions allocatedtoward minimum required contributions for current year2020-12-31163,654
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES 2019 401k membership
Market value of plan assets2019-12-313,218,918
Acturial value of plan assets2019-12-313,403,414
Funding target for retired participants and beneficiaries receiving payment2019-12-314,014,966
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-31224,643
Number of active participants2019-12-311
Total funding liabilities for active participants2019-12-31224,643
Total participant count2019-12-3139
Total funding target for all participants2019-12-314,239,609
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3144,092
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-3138,595
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-315,497
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
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 year2019-12-315,203
Total employer contributions2019-12-31171,000
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 date2019-12-31164,153
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 balance2019-12-31841,398
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31169,064
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-314,911
Additional cash requirement2019-12-31164,153
Contributions allocatedtoward minimum required contributions for current year2019-12-31164,153
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES 2018 401k membership
Market value of plan assets2018-12-313,646,188
Acturial value of plan assets2018-12-313,464,067
Funding target for retired participants and beneficiaries receiving payment2018-12-313,817,988
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-31252,758
Active participant vested funding target2018-12-31204,223
Number of active participants2018-12-311
Total funding liabilities for active participants2018-12-31204,223
Total participant count2018-12-3139
Total funding target for all participants2018-12-314,274,969
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31101,988
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-3144,981
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-3157,007
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
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 elections2018-12-3121,108
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-3144,092
Total employer contributions2018-12-31125,000
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 date2018-12-31119,264
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
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 cost2018-12-314,901
Net shortfall amortization installment of oustanding balance2018-12-31854,994
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31157,859
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-3138,595
Additional cash requirement2018-12-31119,264
Contributions allocatedtoward minimum required contributions for current year2018-12-31119,264
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES 2017 401k membership
Market value of plan assets2017-12-313,451,813
Acturial value of plan assets2017-12-313,602,730
Funding target for retired participants and beneficiaries receiving payment2017-12-313,476,428
Number of terminated vested participants2017-12-316
Fundng target for terminated vested participants2017-12-31533,591
Active participant vested funding target2017-12-31179,741
Number of active participants2017-12-311
Total funding liabilities for active participants2017-12-31179,741
Total participant count2017-12-3140
Total funding target for all participants2017-12-314,189,760
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31199
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 balance2017-12-31199
Present value of excess contributions2017-12-3196,078
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31101,775
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31101,775
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 year2017-12-31101,988
Total employer contributions2017-12-3175,000
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 date2017-12-3172,580
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
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 cost2017-12-314,416
Net shortfall amortization installment of oustanding balance2017-12-31689,018
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31117,561
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-3144,981
Additional cash requirement2017-12-3172,580
Contributions allocatedtoward minimum required contributions for current year2017-12-3172,580
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES 2016 401k membership
Market value of plan assets2016-12-315,207,056
Acturial value of plan assets2016-12-315,546,488
Funding target for retired participants and beneficiaries receiving payment2016-12-314,387,909
Number of terminated vested participants2016-12-3119
Fundng target for terminated vested participants2016-12-31994,944
Active participant vested funding target2016-12-31156,432
Number of active participants2016-12-311
Total funding liabilities for active participants2016-12-31156,432
Total participant count2016-12-3185
Total funding target for all participants2016-12-315,539,285
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 contributions2016-12-31187
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31199
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31199
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 year2016-12-31199
Total employer contributions2016-12-31100,000
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 date2016-12-3196,078
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
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 cost2016-12-313,942
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 year2016-12-3196,078
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
2009: KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES 2009 401k membership
Total participants, beginning-of-year2009-01-01102
Total number of active participants reported on line 7a of the Form 55002009-01-016
Number of retired or separated participants receiving benefits2009-01-0150
Number of other retired or separated participants entitled to future benefits2009-01-0140
Total of all active and inactive participants2009-01-0196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-012
Total participants2009-01-0198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES

Measure Date Value
2009 : KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES

2009: KEROTEST PENSION PLAN OF HOURLY PAID EMPLOYEES 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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