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K-MARKET, INC 401(K) PROFIT SHARING PLAN AND TRUS 401k Plan overview

Plan NameK-MARKET, INC 401(K) PROFIT SHARING PLAN AND TRUS
Plan identification number 001

K-MARKET, INC 401(K) PROFIT SHARING PLAN AND TRUS Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

K-MARKET, INC. has sponsored the creation of one or more 401k plans.

Company Name:K-MARKET, INC.
Employer identification number (EIN):880256705
NAIC Classification:445110
NAIC Description:Supermarkets and Other Grocery (except Convenience) Stores

Additional information about K-MARKET, INC.

Jurisdiction of Incorporation: Nevada Department of State
Incorporation Date: 1989-05-10
Company Identification Number: 19891017265
Legal Registered Office Address: 491 4TH ST

ELKO
United States of America (USA)
89801

More information about K-MARKET, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan K-MARKET, INC 401(K) PROFIT SHARING PLAN AND TRUS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01MARY N KHOURY2022-06-01
0012020-01-01MARY N KHOURY2021-07-12
0012019-01-01MARY N KHOURY2020-09-15
0012018-01-01MARY N KHOURY2019-06-30
0012017-01-01MARY N KHOURY2018-06-24
0012016-01-01MARY N KHOURY2017-07-06
0012015-01-01MARY N KHOURY2016-05-10
0012014-01-01MARY N KHOURY2015-05-14
0012013-01-01MARY N KHOURY2014-07-25
0012012-01-01MARY NAWAL KHOURY2013-05-21
0012011-01-01MARY NAWAL KHOURY2012-06-18
0012009-01-01MARY NAWAL KHOURY

Plan Statistics for K-MARKET, INC 401(K) PROFIT SHARING PLAN AND TRUS

401k plan membership statisitcs for K-MARKET, INC 401(K) PROFIT SHARING PLAN AND TRUS

Measure Date Value
2022: K-MARKET, INC 401(K) PROFIT SHARING PLAN AND TRUS 2022 401k membership
Total participants, beginning-of-year2022-01-01125
Total number of active participants reported on line 7a of the Form 55002022-01-01106
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0118
Total of all active and inactive participants2022-01-01124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01124
Number of participants with account balances2022-01-0154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2009: K-MARKET, INC 401(K) PROFIT SHARING PLAN AND TRUS 2009 401k membership
Total participants, beginning-of-year2009-01-0141
Total number of active participants reported on line 7a of the Form 55002009-01-0183
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-013
Total of all active and inactive participants2009-01-0186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0186
Number of participants with account balances2009-01-0142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012

Financial Data on K-MARKET, INC 401(K) PROFIT SHARING PLAN AND TRUS

Measure Date Value
2022 : K-MARKET, INC 401(K) PROFIT SHARING PLAN AND TRUS 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-395,004
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$112,536
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$92,462
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$100,409
Value of total assets at end of year2022-12-31$1,436,317
Value of total assets at beginning of year2022-12-31$1,943,857
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$20,074
Total interest from all sources2022-12-31$2,104
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$55,018
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$55,018
Assets. Real estate other than employer real property at end of year2022-12-31$0
Assets. Real estate other than employer real property at beginning of year2022-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2022-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$200,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$71,947
Participant contributions at end of year2022-12-31$40,842
Participant contributions at beginning of year2022-12-31$64,468
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Assets. Other investments not covered elsewhere at end of year2022-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$112
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Assets. Loans (other than to participants) at end of year2022-12-31$0
Assets. Loans (other than to participants) at beginning of year2022-12-31$0
Total non interest bearing cash at end of year2022-12-31$0
Total non interest bearing cash at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-507,540
Value of net assets at end of year (total assets less liabilities)2022-12-31$1,436,317
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$1,943,857
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Assets. partnership/joint venture interests at end of year2022-12-31$0
Assets. partnership/joint venture interests at beginning of year2022-12-31$0
Investment advisory and management fees2022-12-31$13,924
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$1,283,810
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$1,779,951
Value of interest in pooled separate accounts at end of year2022-12-31$0
Value of interest in pooled separate accounts at beginning of year2022-12-31$0
Interest on participant loans2022-12-31$2,104
Value of interest in master investment trust accounts at end of year2022-12-31$0
Value of interest in master investment trust accounts at beginning of year2022-12-31$0
Value of interest in common/collective trusts at end of year2022-12-31$0
Value of interest in common/collective trusts at beginning of year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$109,041
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$99,438
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$99,438
Assets. Value of investments in 103.12 investment entities at end of year2022-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$0
Asset value of US Government securities at end of year2022-12-31$0
Asset value of US Government securities at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-552,535
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$28,350
Employer contributions (assets) at end of year2022-12-31$2,624
Employer contributions (assets) at beginning of year2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$92,462
Asset. Corporate debt instrument preferred debt at end of year2022-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$0
Contract administrator fees2022-12-31$6,150
Assets. Corporate common stocks other than exployer securities at end of year2022-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$0
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31HAYNIE & COMPANY
Accountancy firm EIN2022-12-31870325228
2010 : K-MARKET, INC 401(K) PROFIT SHARING PLAN AND TRUS 2010 401k financial data
Total income from all sources2010-12-31$133,769
Expenses. Total of all expenses incurred2010-12-31$88,169
Benefits paid (including direct rollovers)2010-12-31$87,779
Total plan assets at end of year2010-12-31$665,618
Total plan assets at beginning of year2010-12-31$620,018
Value of fidelity bond covering the plan2010-12-31$40,000
Total contributions received or receivable from participants2010-12-31$52,597
Other income received2010-12-31$64,352
Net income (gross income less expenses)2010-12-31$45,600
Net plan assets at end of year (total assets less liabilities)2010-12-31$665,618
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$620,018
Assets. Value of participant loans2010-12-31$4,749
Total contributions received or receivable from employer(s)2010-12-31$16,820
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$390
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : K-MARKET, INC 401(K) PROFIT SHARING PLAN AND TRUS 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for K-MARKET, INC 401(K) PROFIT SHARING PLAN AND TRUS

2022: K-MARKET, INC 401(K) PROFIT SHARING PLAN AND TRUS 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2009: K-MARKET, INC 401(K) PROFIT SHARING PLAN AND TRUS 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number38916-001
Policy instance 1
Insurance contract or identification number38916-001
Number of Individuals Covered38
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $0
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

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