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KING CYCLE GROUP 401(K) PLAN 401k Plan overview

Plan NameKING CYCLE GROUP 401(K) PLAN
Plan identification number 001

KING CYCLE GROUP 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Offset plan - Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
  • 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

KING CYCLE GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:KING CYCLE GROUP, INC.
Employer identification number (EIN):770361801
NAIC Classification:336990

Additional information about KING CYCLE GROUP, INC.

Jurisdiction of Incorporation: Oregon Secretary of State Corporations Division
Incorporation Date: 2003-12-23
Company Identification Number: 19144294
Legal Registered Office Address: 12276 NW BARNES ROAD

PORTLAND
United States of America (USA)
97229

More information about KING CYCLE GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KING CYCLE GROUP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01CARYN MILLAR2023-07-18
0012021-01-01KIRBY BEDSAUL2022-10-10
0012020-01-01KIRBY BEDSAUL2021-10-08
0012019-01-01KIRBY BEDSAUL2020-10-13
0012018-01-01KIRBY BEDSAUL2019-10-01
0012017-01-01
0012016-01-01KIRBY BEDSAUL
0012015-01-01
0012014-01-01KRIS BEDSAUL
0012013-01-01CHRIS KING2014-10-02
0012012-01-01CHRIS KING2013-10-09
0012011-01-01DIANE CHALMERS2012-07-10
0012010-01-01PENSION PLANNERS NORTHWEST2011-07-20

Plan Statistics for KING CYCLE GROUP 401(K) PLAN

401k plan membership statisitcs for KING CYCLE GROUP 401(K) PLAN

Measure Date Value
2016: KING CYCLE GROUP 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01129
Total number of active participants reported on line 7a of the Form 55002016-01-0183
Total of all active and inactive participants2016-01-0183
Total participants2016-01-0183
Number of participants with account balances2016-01-0185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0112
2015: KING CYCLE GROUP 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01144
Total number of active participants reported on line 7a of the Form 55002015-01-01112
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0117
Total of all active and inactive participants2015-01-01129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01129
Number of participants with account balances2015-01-0184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-017
2014: KING CYCLE GROUP 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01122
Total number of active participants reported on line 7a of the Form 55002014-01-01124
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0116
Total of all active and inactive participants2014-01-01140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01140
Number of participants with account balances2014-01-0170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-014

Financial Data on KING CYCLE GROUP 401(K) PLAN

Measure Date Value
2016 : KING CYCLE GROUP 401(K) PLAN 2016 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$53
Total income from all sources (including contributions)2016-12-31$286,609
Total of all expenses incurred2016-12-31$74,954
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$64,342
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$169,372
Value of total assets at end of year2016-12-31$1,408,315
Value of total assets at beginning of year2016-12-31$1,196,607
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$10,612
Total interest from all sources2016-12-31$2,742
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$45,410
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$45,410
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$150,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$97,101
Participant contributions at end of year2016-12-31$69,757
Participant contributions at beginning of year2016-12-31$56,298
Participant contributions at end of year2016-12-31$22
Participant contributions at beginning of year2016-12-31$378
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$513
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$53
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$211,655
Value of net assets at end of year (total assets less liabilities)2016-12-31$1,408,262
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$1,196,607
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$1,295,790
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$1,098,173
Interest on participant loans2016-12-31$2,742
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$41,182
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$38,784
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$69,085
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$71,758
Employer contributions (assets) at end of year2016-12-31$1,564
Employer contributions (assets) at beginning of year2016-12-31$2,974
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$64,342
Contract administrator fees2016-12-31$10,612
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31MAGINNIS & CAREY LLP
Accountancy firm EIN2016-12-31930567723
2015 : KING CYCLE GROUP 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$186,825
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$413,088
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$401,736
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$193,862
Value of total assets at end of year2015-12-31$1,196,607
Value of total assets at beginning of year2015-12-31$1,422,870
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$11,352
Total interest from all sources2015-12-31$997
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$52,361
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$52,361
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$150,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$92,437
Participant contributions at end of year2015-12-31$378
Participant contributions at beginning of year2015-12-31$4,069
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$31,359
Assets. Loans (other than to participants) at end of year2015-12-31$56,298
Assets. Loans (other than to participants) at beginning of year2015-12-31$17,103
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$0
Total non interest bearing cash at end of year2015-12-31$0
Total non interest bearing cash at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-226,263
Value of net assets at end of year (total assets less liabilities)2015-12-31$1,196,607
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$1,422,870
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$1,098,173
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$1,340,884
Interest on participant loans2015-12-31$997
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$38,784
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$56,830
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-60,395
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$70,066
Employer contributions (assets) at end of year2015-12-31$2,974
Employer contributions (assets) at beginning of year2015-12-31$3,984
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$401,736
Contract administrator fees2015-12-31$11,352
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31No
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31MAGINNIS & CAREY LLP
Accountancy firm EIN2015-12-31930567723
2014 : KING CYCLE GROUP 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$3,040
Total income from all sources (including contributions)2014-12-31$206,040
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$84,382
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$84,074
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$132,506
Value of total assets at end of year2014-12-31$1,422,870
Value of total assets at beginning of year2014-12-31$1,304,252
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$308
Total interest from all sources2014-12-31$970
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$63,931
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$63,931
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$150,000
If this is an individual account plan, was there a blackout period2014-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$79,133
Participant contributions at end of year2014-12-31$4,069
Participant contributions at beginning of year2014-12-31$-75
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$8,451
Assets. Loans (other than to participants) at end of year2014-12-31$17,103
Assets. Loans (other than to participants) at beginning of year2014-12-31$20,581
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$3,040
Total non interest bearing cash at end of year2014-12-31$0
Total non interest bearing cash at beginning of year2014-12-31$57,958
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$121,658
Value of net assets at end of year (total assets less liabilities)2014-12-31$1,422,870
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$1,301,212
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$1,340,884
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$1,225,788
Interest on participant loans2014-12-31$970
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$56,830
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$8,633
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31Yes
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$44,922
Employer contributions (assets) at end of year2014-12-31$3,984
Employer contributions (assets) at beginning of year2014-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$84,074
Contract administrator fees2014-12-31$308
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31Yes
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31MAGINNIS & CAREY LLP
Accountancy firm EIN2014-12-31930567723

Form 5500 Responses for KING CYCLE GROUP 401(K) PLAN

2016: KING CYCLE GROUP 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: KING CYCLE GROUP 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
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 – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: KING CYCLE GROUP 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number371179-01
Policy instance 1
Insurance contract or identification number371179-01
Number of Individuals Covered13
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $172
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
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?Yes
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
Commission paid to Insurance BrokerUSD $172
Insurance broker organization code?3
Insurance broker nameRBC CAPITAL MARKETS LLC
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number371179-01
Policy instance 1
Insurance contract or identification number371179-01
Number of Individuals Covered13
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $58
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
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?Yes
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
Commission paid to Insurance BrokerUSD $58
Insurance broker organization code?3
Insurance broker nameRBC CAPITAL MARKETS LLC

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