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KENT MATERIALS 401(K) 401k Plan overview

Plan NameKENT MATERIALS 401(K)
Plan identification number 001

KENT MATERIALS 401(K) 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.
  • 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

KENT MATERIALS has sponsored the creation of one or more 401k plans.

Company Name:KENT MATERIALS
Employer identification number (EIN):455308059
NAIC Classification:484110
NAIC Description:General Freight Trucking, Local

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KENT MATERIALS 401(K)

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01
0012019-01-01KIRK PETERS
0012018-01-01
0012018-01-01
0012018-01-01
0012018-01-01KIRK PETERS
0012017-03-01BRAD ANTIE2018-07-13 HOLLI BREAUX2018-07-06

Financial Data on KENT MATERIALS 401(K)

Measure Date Value
2019 : KENT MATERIALS 401(K) 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$19,622
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$100,826
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$16,532
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$14,001
Value of total corrective distributions2019-12-31$1,993
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$69,545
Value of total assets at end of year2019-12-31$262,575
Value of total assets at beginning of year2019-12-31$158,659
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$538
Total interest from all sources2019-12-31$423
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$0
Administrative expenses professional fees incurred2019-12-31$538
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$50,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$69,545
Participant contributions at end of year2019-12-31$14,472
Participant contributions at beginning of year2019-12-31$1,599
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$19,622
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$84,294
Value of net assets at end of year (total assets less liabilities)2019-12-31$242,953
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$158,659
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$241,013
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$145,838
Interest on participant loans2019-12-31$423
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$7,090
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$11,222
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$30,858
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$14,001
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31LAPORTE APAC
Accountancy firm EIN2019-12-31721088864
Total unrealized appreciation/depreciation of assets2019-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-01-01$19,622
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-01-01$0
Total income from all sources (including contributions)2019-01-01$100,826
Total loss/gain on sale of assets2019-01-01$0
Total of all expenses incurred2019-01-01$16,532
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-01-01$14,001
Value of total corrective distributions2019-01-01$1,993
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-01-01$69,545
Value of total assets at end of year2019-01-01$262,575
Value of total assets at beginning of year2019-01-01$158,659
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-01-01$538
Total interest from all sources2019-01-01$423
Total dividends received (eg from common stock, registered investment company shares)2019-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2019-01-01$0
Administrative expenses professional fees incurred2019-01-01$538
Was this plan covered by a fidelity bond2019-01-01Yes
Value of fidelity bond cover2019-01-01$50,000
If this is an individual account plan, was there a blackout period2019-01-01No
Were there any nonexempt tranactions with any party-in-interest2019-01-01No
Contributions received from participants2019-01-01$69,545
Participant contributions at end of year2019-01-01$14,472
Participant contributions at beginning of year2019-01-01$1,599
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-01-01$19,622
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-01-01$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-01-01No
Value of net income/loss2019-01-01$84,294
Value of net assets at end of year (total assets less liabilities)2019-01-01$242,953
Value of net assets at beginning of year (total assets less liabilities)2019-01-01$158,659
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2019-01-01No
Were any leases to which the plan was party in default or uncollectible2019-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-01-01$241,013
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-01-01$145,838
Interest on participant loans2019-01-01$423
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-01-01$7,090
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-01-01$11,222
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-01-01$30,858
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-01-01No
Was there a failure to transmit to the plan any participant contributions2019-01-01No
Has the plan failed to provide any benefit when due under the plan2019-01-01No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-01-01$14,001
Did the plan have assets held for investment2019-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-01-01No
Opinion of an independent qualified public accountant for this plan2019-01-013
Accountancy firm name2019-01-01LAPORTE APAC
Accountancy firm EIN2019-01-01721088864
2018 : KENT MATERIALS 401(K) 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$67,291
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$68
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$87,413
Value of total assets at end of year2018-12-31$158,659
Value of total assets at beginning of year2018-12-31$91,436
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$68
Total interest from all sources2018-12-31$48
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Administrative expenses professional fees incurred2018-12-31$68
Was this plan covered by a fidelity bond2018-12-31No
Value of fidelity bond cover2018-12-31$50,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$65,018
Participant contributions at end of year2018-12-31$1,599
Participant contributions at beginning of year2018-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$22,395
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$67,223
Value of net assets at end of year (total assets less liabilities)2018-12-31$158,659
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$91,436
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$157,060
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$91,436
Interest on participant loans2018-12-31$48
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$11,222
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-20,170
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BENNETT THRASHER
Accountancy firm EIN2018-12-31581673613
Total unrealized appreciation/depreciation of assets2018-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-01-01$0
Total income from all sources (including contributions)2018-01-01$67,291
Total loss/gain on sale of assets2018-01-01$0
Total of all expenses incurred2018-01-01$68
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-01-01$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-01-01$87,413
Value of total assets at end of year2018-01-01$158,659
Value of total assets at beginning of year2018-01-01$91,436
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-01-01$68
Total interest from all sources2018-01-01$48
Total dividends received (eg from common stock, registered investment company shares)2018-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-01-01No
Administrative expenses professional fees incurred2018-01-01$68
Was this plan covered by a fidelity bond2018-01-01Yes
Value of fidelity bond cover2018-01-01$50,000
If this is an individual account plan, was there a blackout period2018-01-01No
Were there any nonexempt tranactions with any party-in-interest2018-01-01No
Contributions received from participants2018-01-01$65,018
Participant contributions at end of year2018-01-01$1,599
Participant contributions at beginning of year2018-01-01$0
Income. Received or receivable in cash from other sources (including rollovers)2018-01-01$22,395
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-01-01No
Value of net income/loss2018-01-01$67,223
Value of net assets at end of year (total assets less liabilities)2018-01-01$158,659
Value of net assets at beginning of year (total assets less liabilities)2018-01-01$91,436
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2018-01-01No
Were any leases to which the plan was party in default or uncollectible2018-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-01-01$145,838
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-01-01$91,436
Interest on participant loans2018-01-01$48
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-01-01$11,222
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-01-01$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-01-01$-20,170
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-01-01No
Was there a failure to transmit to the plan any participant contributions2018-01-01No
Has the plan failed to provide any benefit when due under the plan2018-01-01No
Did the plan have assets held for investment2018-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-01-01No
Opinion of an independent qualified public accountant for this plan2018-01-013
Accountancy firm name2018-01-01LAPORTE APAC
Accountancy firm EIN2018-01-01721088864

Form 5500 Responses for KENT MATERIALS 401(K)

2019: KENT MATERIALS 401(K) 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: KENT MATERIALS 401(K) 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASS MUTUAL (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-841453
Policy instance 1
Insurance contract or identification numberGA-841453
Number of Individuals Covered17
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $91
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
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
MASS MUTUAL (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-841453
Policy instance 1
Insurance contract or identification numberGA-841453
Number of Individuals Covered13
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $235
Total amount of fees paid to insurance companyUSD $48
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
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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