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KROPF INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameKROPF INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

KROPF INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

KROPF INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:KROPF INDUSTRIES, INC.
Employer identification number (EIN):352002360
NAIC Classification:336990

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KROPF INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01TREVOR KROPF2024-08-14
0012022-01-01TREVOR KROPF2023-10-05
0012021-01-01TREVOR KROPF2022-07-07
0012020-01-01TREVOR KROPF2021-10-01
0012019-01-01TREVOR KROPF2020-09-08
0012018-01-01TREVOR KROPF2019-06-06
0012017-01-01TREVOR KROPF2018-05-30
0012016-01-01TREVOR KROPF2017-06-12
0012015-01-01TREVOR KROPF2016-06-13
0012014-01-01TREVOR KROPF2015-06-19
0012013-01-01DONALD KROPF2014-05-27
0012012-01-01DONALD KROPF2013-06-26
0012011-01-01DONALD KROPF2012-05-02
0012010-01-01DONALD KROPF2011-06-16

Financial Data on KROPF INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : KROPF INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-08882039
Net assets as of the end of the plan year2025-07-084556629
Total assets as of the beginning of the plan year2025-07-084382527
Value of plan covered by a fidelity bond2025-07-08439000
Participant contributions to plan in this plan year2025-07-08265291
Value of participant loans at end of plan year2025-07-0873258
Other contributions to plan in this plan year2025-07-08114542
Other income to plan in this plan year2025-07-08529533
Plan net income in this plan year2025-07-08174102
Net assets as of the end of the plan year2025-07-084556629
Net assets as of the beginning of the plan year2025-07-084382527
Employer contributions to plan in this plan year2025-07-08146775
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-0823914
2024 : KROPF INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-08-14300836
Net assets as of the end of the plan year2024-08-144382527
Total assets as of the beginning of the plan year2024-08-143651047
Value of plan covered by a fidelity bond2024-08-14366000
Participant contributions to plan in this plan year2024-08-14255668
Value of participant loans at end of plan year2024-08-1465917
Other income to plan in this plan year2024-08-14634036
Plan net income in this plan year2024-08-14731480
Net assets as of the end of the plan year2024-08-144382527
Net assets as of the beginning of the plan year2024-08-143651047
Employer contributions to plan in this plan year2024-08-14142612
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-1422467
2022 : KROPF INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-07977236
Net assets as of the end of the plan year2022-07-074545041
Total assets as of the beginning of the plan year2022-07-074424453
Value of plan covered by a fidelity bond2022-07-07443000
Participant contributions to plan in this plan year2022-07-07233173
Value of participant loans at end of plan year2022-07-0753960
Other income to plan in this plan year2022-07-07752929
Plan net income in this plan year2022-07-07120588
Net assets as of the end of the plan year2022-07-074545041
Net assets as of the beginning of the plan year2022-07-074424453
Employer contributions to plan in this plan year2022-07-07111722
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-0726656

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