401k Plan data: KLEMENT 401(K) PLAN plan

KLEMENT 401(K) PLAN 401k Plan overview

Plan Name	KLEMENT 401(K) PLAN
Plan identification number	001

KLEMENT 401(K) PLAN Benefits

401k Plan Type

Defined 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.
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

KARL KLEMENT ENTERPRISES-NEVADA, INC. has sponsored the creation of one or more 401k plans.

Company Name: KARL KLEMENT ENTERPRISES-NEVADA, INC.

Employer identification number (EIN): 742938731

NAIC Classification: 441110
NAIC Description: New Car Dealers

Additional information about KARL KLEMENT ENTERPRISES-NEVADA, INC.

Jurisdiction of Incorporation: Nevada Department of State

Incorporation Date: 1999-12-06

Company Identification Number: 19991445911

Legal Registered Office Address: 2520 ST ROSE PKWY STE 209

HENDERSON
United States of America (USA)
89074

More information about KARL KLEMENT ENTERPRISES-NEVADA, INC.

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 KIM KLEMENT 2023-07-20
001 2021-01-01 KIM KLEMENT 2022-09-15
001 2020-01-01 KIM KLEMENT 2021-09-05
001 2019-01-01 KIM KLEMENT 2020-08-27
001 2019-01-01 KIM KLEMENT 2020-08-27
001 2018-01-01
001 2017-01-01 JODI PETTIS

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01	KIM KLEMENT	2023-07-20
001	2021-01-01	KIM KLEMENT	2022-09-15
001	2020-01-01	KIM KLEMENT	2021-09-05
001	2019-01-01	KIM KLEMENT	2020-08-27
001	2019-01-01	KIM KLEMENT	2020-08-27
001	2018-01-01
001	2017-01-01	JODI PETTIS

Plan Statistics for KLEMENT 401(K) PLAN

401k plan membership statisitcs for KLEMENT 401(K) PLAN

Measure Date Value
2022: KLEMENT 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 185
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 164
Number of retired or separated participants receiving benefits 2022-01-01 1
Number of other retired or separated participants entitled to future benefits 2022-01-01 7
Total of all active and inactive participants 2022-01-01 172
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 1
Total participants 2022-01-01 173
Number of participants with account balances 2022-01-01 57
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: KLEMENT 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 201
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 157
Number of retired or separated participants receiving benefits 2021-01-01 1
Number of other retired or separated participants entitled to future benefits 2021-01-01 5
Total of all active and inactive participants 2021-01-01 163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 1
Total participants 2021-01-01 164
Number of participants with account balances 2021-01-01 53
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 1
2020: KLEMENT 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 194
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 182
Number of retired or separated participants receiving benefits 2020-01-01 1
Number of other retired or separated participants entitled to future benefits 2020-01-01 5
Total of all active and inactive participants 2020-01-01 188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 188
Number of participants with account balances 2020-01-01 61
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 1
2019: KLEMENT 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 141
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 173
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 5
Total of all active and inactive participants 2019-01-01 178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 178
Number of participants with account balances 2019-01-01 70
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 2
2018: KLEMENT 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 132
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 141
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 3
Total of all active and inactive participants 2018-01-01 144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 144
Number of participants with account balances 2018-01-01 49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: KLEMENT 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 112
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 132
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 132
Number of participants with account balances 2017-01-01 43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0

Measure	Date	Value
2022: KLEMENT 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	185
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	164
Number of retired or separated participants receiving benefits	2022-01-01	1
Number of other retired or separated participants entitled to future benefits	2022-01-01	7
Total of all active and inactive participants	2022-01-01	172
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	1
Total participants	2022-01-01	173
Number of participants with account balances	2022-01-01	57
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: KLEMENT 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	201
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	157
Number of retired or separated participants receiving benefits	2021-01-01	1
Number of other retired or separated participants entitled to future benefits	2021-01-01	5
Total of all active and inactive participants	2021-01-01	163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	1
Total participants	2021-01-01	164
Number of participants with account balances	2021-01-01	53
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	1
2020: KLEMENT 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	194
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	182
Number of retired or separated participants receiving benefits	2020-01-01	1
Number of other retired or separated participants entitled to future benefits	2020-01-01	5
Total of all active and inactive participants	2020-01-01	188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	188
Number of participants with account balances	2020-01-01	61
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	1
2019: KLEMENT 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	141
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	173
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	5
Total of all active and inactive participants	2019-01-01	178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	178
Number of participants with account balances	2019-01-01	70
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	2
2018: KLEMENT 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	132
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	141
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	3
Total of all active and inactive participants	2018-01-01	144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	144
Number of participants with account balances	2018-01-01	49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: KLEMENT 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	112
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	132
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	132
Number of participants with account balances	2017-01-01	43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0

Financial Data on KLEMENT 401(K) PLAN

Measure	Date	Value
2022 : KLEMENT 401(K) PLAN 2022 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$266
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$187
Total income from all sources (including contributions)	2022-12-31	$207,319
Total of all expenses incurred	2022-12-31	$106,014
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$93,326
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$419,094
Value of total assets at end of year	2022-12-31	$1,730,458
Value of total assets at beginning of year	2022-12-31	$1,629,074
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$12,688
Total interest from all sources	2022-12-31	$2,841
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$9,609
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$9,609
Administrative expenses professional fees incurred	2022-12-31	$565
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$250,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$285,158
Participant contributions at end of year	2022-12-31	$28,235
Participant contributions at beginning of year	2022-12-31	$74,581
Participant contributions at end of year	2022-12-31	$13,586
Participant contributions at beginning of year	2022-12-31	$4,160
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$266
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-31	$187
Other income not declared elsewhere	2022-12-31	$5,237
Total non interest bearing cash at end of year	2022-12-31	$3,959
Total non interest bearing cash at beginning of year	2022-12-31	$3,091
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$101,305
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$1,730,192
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$1,628,887
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$11,234
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$313,759
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$277,241
Interest on participant loans	2022-12-31	$2,817
Value of interest in common/collective trusts at end of year	2022-12-31	$1,354,809
Value of interest in common/collective trusts at beginning of year	2022-12-31	$1,253,951
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$4,632
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$4,201
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$4,201
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$24
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-61,495
Net investment gain or loss from common/collective trusts	2022-12-31	$-167,967
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$133,936
Employer contributions (assets) at end of year	2022-12-31	$11,478
Employer contributions (assets) at beginning of year	2022-12-31	$11,849
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$93,326
Contract administrator fees	2022-12-31	$889
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Disclaimer
Accountancy firm name	2022-12-31	MILBERN RAY & COMPANY
Accountancy firm EIN	2022-12-31	751793612
2021 : KLEMENT 401(K) PLAN 2021 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$187
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$107
Total income from all sources (including contributions)	2021-12-31	$656,215
Total of all expenses incurred	2021-12-31	$183,918
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$172,453
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$439,008
Value of total assets at end of year	2021-12-31	$1,629,074
Value of total assets at beginning of year	2021-12-31	$1,156,697
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$11,465
Total interest from all sources	2021-12-31	$2,912
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$10,305
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$10,305
Administrative expenses professional fees incurred	2021-12-31	$432
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$250,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$304,780
Participant contributions at end of year	2021-12-31	$74,581
Participant contributions at beginning of year	2021-12-31	$62,064
Participant contributions at end of year	2021-12-31	$4,160
Participant contributions at beginning of year	2021-12-31	$7,438
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2021-12-31	$187
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2021-12-31	$107
Total non interest bearing cash at end of year	2021-12-31	$3,091
Total non interest bearing cash at beginning of year	2021-12-31	$1,266
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$472,297
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$1,628,887
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$1,156,590
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$9,616
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$277,241
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$191,429
Interest on participant loans	2021-12-31	$2,912
Value of interest in common/collective trusts at end of year	2021-12-31	$1,253,951
Value of interest in common/collective trusts at beginning of year	2021-12-31	$880,572
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$4,201
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$2,421
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$2,421
Net investment gain or loss from common/collective trusts	2021-12-31	$203,990
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$134,228
Employer contributions (assets) at end of year	2021-12-31	$11,849
Employer contributions (assets) at beginning of year	2021-12-31	$11,507
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$172,453
Contract administrator fees	2021-12-31	$1,417
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	MILBERN RAY & COMPANY
Accountancy firm EIN	2021-12-31	751793612
2020 : KLEMENT 401(K) PLAN 2020 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$107
Total income from all sources (including contributions)	2020-12-31	$568,840
Total of all expenses incurred	2020-12-31	$98,951
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$90,139
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$463,016
Value of total assets at end of year	2020-12-31	$1,156,697
Value of total assets at beginning of year	2020-12-31	$686,701
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$8,812
Total interest from all sources	2020-12-31	$2,401
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$3,259
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$3,259
Administrative expenses professional fees incurred	2020-12-31	$544
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$250,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$318,658
Participant contributions at end of year	2020-12-31	$62,064
Participant contributions at beginning of year	2020-12-31	$12,135
Participant contributions at end of year	2020-12-31	$7,438
Participant contributions at beginning of year	2020-12-31	$5,822
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2020-12-31	$107
Other income not declared elsewhere	2020-12-31	$33
Total non interest bearing cash at end of year	2020-12-31	$1,266
Total non interest bearing cash at beginning of year	2020-12-31	$2,800
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$469,889
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$1,156,590
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$686,701
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Investment advisory and management fees	2020-12-31	$5,338
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$191,429
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$138,790
Interest on participant loans	2020-12-31	$2,398
Value of interest in common/collective trusts at end of year	2020-12-31	$880,572
Value of interest in common/collective trusts at beginning of year	2020-12-31	$525,673
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$2,421
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$1,481
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$1,481
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$3
Net investment gain or loss from common/collective trusts	2020-12-31	$100,131
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$144,358
Employer contributions (assets) at end of year	2020-12-31	$11,507
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$90,139
Contract administrator fees	2020-12-31	$2,930
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	MILBERN RAY & COMPANY
Accountancy firm EIN	2020-12-31	751793612
2019 : KLEMENT 401(K) PLAN 2019 401k financial data
Total income from all sources (including contributions)	2019-12-31	$449,003
Total of all expenses incurred	2019-12-31	$115,664
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$45,774
Value of total corrective distributions	2019-12-31	$62,067
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$361,097
Value of total assets at end of year	2019-12-31	$686,701
Value of total assets at beginning of year	2019-12-31	$353,362
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$7,823
Total interest from all sources	2019-12-31	$45
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$3,562
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$3,562
Administrative expenses professional fees incurred	2019-12-31	$84
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$250,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$295,960
Participant contributions at end of year	2019-12-31	$12,135
Participant contributions at beginning of year	2019-12-31	$0
Participant contributions at end of year	2019-12-31	$5,822
Participant contributions at beginning of year	2019-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$1,327
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2019-12-31	$0
Other income not declared elsewhere	2019-12-31	$540
Total non interest bearing cash at end of year	2019-12-31	$2,800
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$333,339
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$686,701
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$353,362
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$2,285
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$138,790
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$0
Value of interest in pooled separate accounts at beginning of year	2019-12-31	$353,362
Interest on participant loans	2019-12-31	$43
Value of interest in common/collective trusts at end of year	2019-12-31	$525,673
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$1,481
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$2
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$5,016
Net investment gain/loss from pooled separate accounts	2019-12-31	$52,594
Net investment gain or loss from common/collective trusts	2019-12-31	$26,149
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$63,810
Employer contributions (assets) at beginning of year	2019-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$45,774
Contract administrator fees	2019-12-31	$5,454
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	MILBERN RAY & COMPANY
Accountancy firm EIN	2019-12-31	751793612
2018 : KLEMENT 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)	2018-12-31	$282,561
Total of all expenses incurred	2018-12-31	$7,701
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$2,198
Expenses. Certain deemed distributions of participant loans	2018-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$308,012
Value of total assets at end of year	2018-12-31	$353,362
Value of total assets at beginning of year	2018-12-31	$78,502
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$5,503
Total interest from all sources	2018-12-31	$0
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 year	2018-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$0
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$10,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$274,885
Participant contributions at end of year	2018-12-31	$0
Participant contributions at beginning of year	2018-12-31	$0
Participant contributions at end of year	2018-12-31	$0
Participant contributions at beginning of year	2018-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2018-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2018-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$274,860
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$353,362
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$78,502
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$78,502
Value of interest in pooled separate accounts at end of year	2018-12-31	$353,362
Value of interest in pooled separate accounts at beginning of year	2018-12-31	$0
Interest on participant loans	2018-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2018-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2018-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-25,451
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$33,127
Employer contributions (assets) at end of year	2018-12-31	$0
Employer contributions (assets) at beginning of year	2018-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$2,198
Contract administrator fees	2018-12-31	$5,503
Did the plan have assets held for investment	2018-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	MILBERN RAY & COMPANY
Accountancy firm EIN	2018-12-31	751793612
2017 : KLEMENT 401(K) PLAN 2017 401k financial data
Total income from all sources (including contributions)	2017-12-31	$79,686
Total of all expenses incurred	2017-12-31	$1,184
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$0
Expenses. Certain deemed distributions of participant loans	2017-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$76,603
Value of total assets at end of year	2017-12-31	$78,502
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$1,184
Total interest from all sources	2017-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2017-12-31	$0
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$250,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$73,780
Participant contributions at end of year	2017-12-31	$0
Participant contributions at end of year	2017-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$2,823
Value of other receiveables (less allowance for doubtful accounts) at end of year	2017-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$78,502
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$78,502
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$78,502
Interest on participant loans	2017-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2017-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$3,083
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Contributions received in cash from employer	2017-12-31	$0
Employer contributions (assets) at end of year	2017-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$0
Contract administrator fees	2017-12-31	$1,184
Did the plan have assets held for investment	2017-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	MILBERN RAY & COMPANY
Accountancy firm EIN	2017-12-31	751793612

Form 5500 Responses for KLEMENT 401(K) PLAN

2022: KLEMENT 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: KLEMENT 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: KLEMENT 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: KLEMENT 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	Yes
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: KLEMENT 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: KLEMENT 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	First time form 5500 has been submitted	Yes
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

Policy instance

Number of Individuals Covered	0
Insurance policy start date	2019-01-01
Insurance policy end date	2019-07-01
Total amount of commissions paid to insurance broker	USD $984
Total amount of fees paid to insurance company	USD $113
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $984
Additional information about fees paid to insurance broker	BROKER COMMISSIONS
Insurance broker organization code?	4
Amount paid for insurance broker fees	113

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

130153

Policy instance

Insurance contract or identification number	130153
Insurance policy start date	2018-01-01
Insurance policy end date	2018-12-31
Total amount of commissions paid to insurance broker	USD $1,009
Total amount of fees paid to insurance company	USD $1,796
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	1796
Additional information about fees paid to insurance broker	TPA FEES & OTHER ALLOWANCES
Insurance broker organization code?	5
Commission paid to Insurance Broker	USD $1,009

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

130153

Policy instance

Insurance contract or identification number	130153
Number of Individuals Covered	43
Insurance policy start date	2017-07-20
Insurance policy end date	2017-12-31
Total amount of commissions paid to insurance broker	USD $71
Total amount of fees paid to insurance company	USD $635
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	635
Additional information about fees paid to insurance broker	TPA FEES
Insurance broker organization code?	5
Commission paid to Insurance Broker	USD $71
Insurance broker name	KESTRA INVESTMENT SERVICES LLC

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Company Name:	KARL KLEMENT ENTERPRISES-NEVADA, INC.
Employer identification number (EIN):	742938731
NAIC Classification:	441110
NAIC Description:	New Car Dealers

Jurisdiction of Incorporation:	Nevada Department of State
Incorporation Date:	1999-12-06
Company Identification Number:	19991445911
Legal Registered Office Address:	2520 ST ROSE PKWY STE 209 HENDERSON United States of America (USA) 89074