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

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

KRAMERICA, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • 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

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

Company Name:KRAMERICA, INC.
Employer identification number (EIN):472389195
NAIC Classification:238900

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01
0012018-01-01JAMES COCHRANE
0012017-01-01JAMES COCHRANE
0012016-01-01JAMES COCHRANE
0012015-01-01JAMES COCHRANE
0012015-01-01JAMES COCHRANE
0012014-11-18JAMES COCHRANE

Plan Statistics for KRAMERICA, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for KRAMERICA, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2019
Total participants, beginning-of-year2019-01-013
Total number of active participants reported on line 7a of the Form 55002019-01-010
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-010
Number of participants with account balances2019-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018
Total participants, beginning-of-year2018-01-013
Total number of active participants reported on line 7a of the Form 55002018-01-013
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-013
Number of participants with account balances2018-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017
Total participants, beginning-of-year2017-01-012
Total number of active participants reported on line 7a of the Form 55002017-01-013
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-013
Number of participants with account balances2017-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016
Total participants, beginning-of-year2016-01-012
Total number of active participants reported on line 7a of the Form 55002016-01-012
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-012
Number of participants with account balances2016-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015
Total participants, beginning-of-year2015-01-012
Total number of active participants reported on line 7a of the Form 55002015-01-012
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-012
Number of participants with account balances2015-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014
Total participants, beginning-of-year2014-11-182
Total number of active participants reported on line 7a of the Form 55002014-11-182
Number of retired or separated participants receiving benefits2014-11-180
Number of other retired or separated participants entitled to future benefits2014-11-180
Total of all active and inactive participants2014-11-182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-11-180
Total participants2014-11-182
Number of participants with account balances2014-11-181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-11-180

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

Measure Date Value
2019
Total plan liabilities at end of year2019-12-12$0
Total plan liabilities at beginning of year2019-12-12$0
Total income from all sources2019-12-12$-43,030
Expenses. Total of all expenses incurred2019-12-12$770
Benefits paid (including direct rollovers)2019-12-12$770
Total plan assets at end of year2019-12-12$0
Total plan assets at beginning of year2019-12-12$43,800
Total contributions received or receivable from participants2019-12-12$0
Expenses. Other expenses not covered elsewhere2019-12-12$0
Contributions received from other sources (not participants or employers)2019-12-12$0
Other income received2019-12-12$-43,030
Noncash contributions received2019-12-12$0
Net income (gross income less expenses)2019-12-12$-43,800
Net plan assets at end of year (total assets less liabilities)2019-12-12$0
Net plan assets at beginning of year (total assets less liabilities)2019-12-12$43,800
Assets. Value of employer securities2019-12-12$0
Total contributions received or receivable from employer(s)2019-12-12$0
Value of certain deemed distributions of participant loans2019-12-12$0
Value of corrective distributions2019-12-12$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-12$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-12$0
2018
Total income from all sources2018-12-31$-45,648
Expenses. Total of all expenses incurred2018-12-31$0
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$43,800
Total plan assets at beginning of year2018-12-31$89,448
Total contributions received or receivable from participants2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-45,648
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-45,648
Net plan assets at end of year (total assets less liabilities)2018-12-31$43,800
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$89,448
Assets. Value of employer securities2018-12-31$43,059
Total contributions received or receivable from employer(s)2018-12-31$0
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$0
2017
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$52,897
Expenses. Total of all expenses incurred2017-12-31$80
Benefits paid (including direct rollovers)2017-12-31$0
Total plan assets at end of year2017-12-31$89,448
Total plan assets at beginning of year2017-12-31$36,631
Total contributions received or receivable from participants2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$80
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$52,897
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$52,817
Net plan assets at end of year (total assets less liabilities)2017-12-31$89,448
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$36,631
Assets. Value of employer securities2017-12-31$88,716
Total contributions received or receivable from employer(s)2017-12-31$0
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$0
2016
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$-23,800
Expenses. Total of all expenses incurred2016-12-31$80
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$36,631
Total plan assets at beginning of year2016-12-31$60,511
Total contributions received or receivable from participants2016-12-31$0
Expenses. Other expenses not covered elsewhere2016-12-31$80
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$-23,800
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$-23,880
Net plan assets at end of year (total assets less liabilities)2016-12-31$36,631
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$60,511
Assets. Value of employer securities2016-12-31$35,821
Total contributions received or receivable from employer(s)2016-12-31$0
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0
2015
Total income from all sources2015-12-31$-39,379
Expenses. Total of all expenses incurred2015-12-31$80
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$60,511
Total plan assets at beginning of year2015-12-31$99,970
Total contributions received or receivable from participants2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$80
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-39,379
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$-39,459
Net plan assets at end of year (total assets less liabilities)2015-12-31$60,511
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$99,970
Assets. Value of employer securities2015-12-31$59,621
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0
2014
Total income from all sources2014-12-31$100,000
Expenses. Total of all expenses incurred2014-12-31$30
Total plan assets at end of year2014-12-31$99,970
Total plan assets at beginning of year2014-12-31$0
Expenses. Other expenses not covered elsewhere2014-12-31$30
Contributions received from other sources (not participants or employers)2014-12-31$100,000
Net income (gross income less expenses)2014-12-31$99,970
Net plan assets at end of year (total assets less liabilities)2014-12-31$99,970
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$0
Assets. Value of employer securities2014-12-31$99,000

Form 5500 Responses

2019
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingYes
2019-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018
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 – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedYes
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014
2014-11-18Type of plan entitySingle employer plan
2014-11-18First time form 5500 has been submittedYes
2014-11-18Submission has been amendedNo
2014-11-18This submission is the final filingNo
2014-11-18This return/report is a short plan year return/report (less than 12 months)Yes
2014-11-18Plan is a collectively bargained planNo
2014-11-18Plan funding arrangement – TrustYes
2014-11-18Plan benefit arrangement - TrustYes

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