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KRAMER MECHANICAL 401(K) PLAN 401k Plan overview

Plan NameKRAMER MECHANICAL 401(K) PLAN
Plan identification number 001

KRAMER MECHANICAL 401(K) 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

KRAMER MECHANICAL PLUMBING AND HEATING INC. has sponsored the creation of one or more 401k plans.

Company Name:KRAMER MECHANICAL PLUMBING AND HEATING INC.
Employer identification number (EIN):411857185
NAIC Classification:238220
NAIC Description:Plumbing, Heating, and Air-Conditioning Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KRAMER MECHANICAL 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01MATT KRAMER
0012023-01-01
0012023-01-01MATT KRAMER
0012022-01-01
0012022-01-01MATT KRAMER
0012021-01-01MATT KRAMER2022-06-17
0012020-01-01MATT KRAMER2021-07-23
0012019-01-01MATT KRAMER2020-10-01
0012018-01-01MATT KRAMER2019-06-20

Financial Data on KRAMER MECHANICAL 401(K) PLAN

Measure Date Value
2024 : KRAMER MECHANICAL 401(K) PLAN 2024 401k financial data
Transfers to/from the plan2024-01-01$0
Total plan liabilities at end of year2024-01-01$0
Total plan liabilities at beginning of year2024-01-01$0
Total income from all sources2024-01-01$783,014
Expenses. Total of all expenses incurred2024-01-01$33,978
Benefits paid (including direct rollovers)2024-01-01$6,548
Total plan assets at end of year2024-01-01$3,110,849
Total plan assets at beginning of year2024-01-01$2,361,813
Value of fidelity bond covering the plan2024-01-01$500,000
Assets. Value of tangible personal property2024-01-01$0
Total contributions received or receivable from participants2024-01-01$323,093
Assets. Value of loans (other than to participants)2024-01-01$0
Expenses. Other expenses not covered elsewhere2024-01-01$0
Contributions received from other sources (not participants or employers)2024-01-01$0
Other income received2024-01-01$324,656
Noncash contributions received2024-01-01$0
Net income (gross income less expenses)2024-01-01$749,036
Net plan assets at end of year (total assets less liabilities)2024-01-01$3,110,849
Net plan assets at beginning of year (total assets less liabilities)2024-01-01$2,361,813
Assets. Value of participant loans2024-01-01$0
Assets. Value of assets in partnership/joint-venture interests2024-01-01$0
Assets. Value of real-estate (other than employer real property)2024-01-01$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022024-01-01$0
Assets. Value of employer securities2024-01-01$0
Assets. Value of employer real property2024-01-01$0
Total contributions received or receivable from employer(s)2024-01-01$135,265
Value of certain deemed distributions of participant loans2024-01-01$13,435
Value of corrective distributions2024-01-01$0
Expenses. Administrative service providers (salaries,fees and commissions)2024-01-01$13,995
2023 : KRAMER MECHANICAL 401(K) PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$787,183
Expenses. Total of all expenses incurred2023-12-31$84,251
Benefits paid (including direct rollovers)2023-12-31$74,478
Total plan assets at end of year2023-12-31$2,361,813
Total plan assets at beginning of year2023-12-31$1,658,881
Value of fidelity bond covering the plan2023-12-31$200,000
Assets. Value of tangible personal property2023-12-31$0
Total contributions received or receivable from participants2023-12-31$313,615
Assets. Value of loans (other than to participants)2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$3,800
Other income received2023-12-31$354,514
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$702,932
Net plan assets at end of year (total assets less liabilities)2023-12-31$2,361,813
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$1,658,881
Assets. Value of participant loans2023-12-31$0
Assets. Value of assets in partnership/joint-venture interests2023-12-31$0
Assets. Value of real-estate (other than employer real property)2023-12-31$0
Assets. Value of employer securities2023-12-31$0
Assets. Value of employer real property2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$115,254
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$9,773
2022 : KRAMER MECHANICAL 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$80,675
Expenses. Total of all expenses incurred2022-12-31$26,791
Benefits paid (including direct rollovers)2022-12-31$25,737
Total plan assets at end of year2022-12-31$1,658,881
Total plan assets at beginning of year2022-12-31$1,604,997
Value of fidelity bond covering the plan2022-12-31$200,000
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$265,325
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$22,633
Other income received2022-12-31$-301,164
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$53,884
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,658,881
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,604,997
Assets. Value of participant loans2022-12-31$0
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$93,881
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$1,054

Form 5500 Responses for KRAMER MECHANICAL 401(K) PLAN

2023: KRAMER MECHANICAL 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: KRAMER MECHANICAL 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

UNION CENTRAL LIFE INSURANCE CO. (National Association of Insurance Commissioners NAIC id number: 80837 )
Policy contract number336941
Policy instance 1
Insurance contract or identification number336941
Number of Individuals Covered0
Insurance policy start date2022-01-01
Insurance policy end date2022-10-16
Total amount of commissions paid to insurance brokerUSD $6,461
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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