401k Plan data: KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN plan

KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN 401k Plan overview

Plan Name	KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN
Plan identification number	002

KOREATOWN YOUTH AND COMMUNITY CENTER 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

KOREATOWN YOUTH & COMMUNITY CENTER, INC. has sponsored the creation of one or more 401k plans.

Company Name: KOREATOWN YOUTH & COMMUNITY CENTER, INC.

Employer identification number (EIN): 953779389

NAIC Classification: 624100
NAIC Description: Individual and Family Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 GLESTEREE BLADES 2023-10-18
002 2021-01-01 GLESTEREE BLADES 2022-10-17
002 2020-01-01
002 2019-01-01
002 2018-01-01 CAROL HO 2019-07-24
002 2018-01-01 CAROL HO 2020-05-18
002 2018-01-01 CAROL HO 2020-05-06
002 2017-07-03 CAROL HO 2018-10-09

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2022-01-01	GLESTEREE BLADES	2023-10-18
002	2021-01-01	GLESTEREE BLADES	2022-10-17
002	2020-01-01
002	2019-01-01
002	2018-01-01	CAROL HO	2019-07-24
002	2018-01-01	CAROL HO	2020-05-18
002	2018-01-01	CAROL HO	2020-05-06
002	2017-07-03	CAROL HO	2018-10-09

Plan Statistics for KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN

401k plan membership statisitcs for KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN

Measure Date Value
2022: KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 201
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 131
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 114
Total of all active and inactive participants 2022-01-01 245
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 245
Number of participants with account balances 2022-01-01 238
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 186
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 122
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 90
Total of all active and inactive participants 2021-01-01 212
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 212
Number of participants with account balances 2021-01-01 198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 163
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 129
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 56
Total of all active and inactive participants 2020-01-01 185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 185
Number of participants with account balances 2020-01-01 178
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 21
2019: KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 131
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 109
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 54
Total of all active and inactive participants 2019-01-01 163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 163
Number of participants with account balances 2019-01-01 148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 18

Measure	Date	Value
2022: KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	201
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	131
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	114
Total of all active and inactive participants	2022-01-01	245
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	245
Number of participants with account balances	2022-01-01	238
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	186
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	122
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	90
Total of all active and inactive participants	2021-01-01	212
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	212
Number of participants with account balances	2021-01-01	198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	163
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	129
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	56
Total of all active and inactive participants	2020-01-01	185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	185
Number of participants with account balances	2020-01-01	178
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	21
2019: KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	131
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	109
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	54
Total of all active and inactive participants	2019-01-01	163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	163
Number of participants with account balances	2019-01-01	148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	18

Financial Data on KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN

Measure	Date	Value
2022 : KOREATOWN YOUTH AND COMMUNITY CENTER 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	$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	$75,989
Total of all expenses incurred	2022-12-31	$261,838
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$257,104
Expenses. Certain deemed distributions of participant loans	2022-12-31	$0
Value of total corrective distributions	2022-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$572,216
Value of total assets at end of year	2022-12-31	$3,211,452
Value of total assets at beginning of year	2022-12-31	$3,397,301
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$4,734
Total interest from all sources	2022-12-31	$507
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$70,428
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	$70,428
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$441,000,000
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
Amount of non-exempt transactions with any party-in-interest	2022-12-31	$0
Contributions received from participants	2022-12-31	$404,494
Participant contributions at end of year	2022-12-31	$9,099
Participant contributions at beginning of year	2022-12-31	$11,204
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$0
Other income not declared elsewhere	2022-12-31	$-97
Administrative expenses (other) incurred	2022-12-31	$50
Total non interest bearing cash at end of year	2022-12-31	$3,150
Total non interest bearing cash at beginning of year	2022-12-31	$1,702
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	$-185,849
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$3,211,452
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$3,397,301
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	$4,660
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$3,174,931
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$3,337,781
Interest on participant loans	2022-12-31	$507
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$24,272
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$46,614
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$46,614
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-567,065
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	No
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	$167,722
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$257,104
Contract administrator fees	2022-12-31	$24
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	Unqualified
Accountancy firm name	2022-12-31	CKP, LLP
Accountancy firm EIN	2022-12-31	202227407
2021 : KOREATOWN YOUTH AND COMMUNITY CENTER 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	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$940,374
Total of all expenses incurred	2021-12-31	$228,381
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$225,166
Expenses. Certain deemed distributions of participant loans	2021-12-31	$0
Value of total corrective distributions	2021-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$573,757
Value of total assets at end of year	2021-12-31	$3,397,301
Value of total assets at beginning of year	2021-12-31	$2,685,308
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$3,215
Total interest from all sources	2021-12-31	$327
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$55,841
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	$55,841
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$336,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Amount of non-exempt transactions with any party-in-interest	2021-12-31	$0
Contributions received from participants	2021-12-31	$404,771
Participant contributions at end of year	2021-12-31	$11,204
Participant contributions at beginning of year	2021-12-31	$4,506
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$48
Other income not declared elsewhere	2021-12-31	$407
Administrative expenses (other) incurred	2021-12-31	$425
Total non interest bearing cash at end of year	2021-12-31	$1,702
Total non interest bearing cash at beginning of year	2021-12-31	$1,519
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	$711,993
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$3,397,301
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$2,685,308
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	$2,790
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$3,337,781
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$2,462,060
Interest on participant loans	2021-12-31	$327
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$46,614
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$217,223
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$217,223
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$310,042
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	$168,938
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$225,166
Contract administrator fees	2021-12-31	$0
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	CKP, LLP
Accountancy firm EIN	2021-12-31	202227407
2020 : KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$797,845
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$101,281
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$98,690
Expenses. Certain deemed distributions of participant loans	2020-12-31	$0
Value of total corrective distributions	2020-12-31	$92
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$505,772
Value of total assets at end of year	2020-12-31	$2,685,308
Value of total assets at beginning of year	2020-12-31	$1,988,744
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$2,499
Total interest from all sources	2020-12-31	$344
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$37,837
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	$37,837
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$190,000,000
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	$356,869
Participant contributions at end of year	2020-12-31	$4,506
Participant contributions at beginning of year	2020-12-31	$6,720
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$2,432
Other income not declared elsewhere	2020-12-31	$1,307
Administrative expenses (other) incurred	2020-12-31	$1,025
Total non interest bearing cash at end of year	2020-12-31	$1,519
Total non interest bearing cash at beginning of year	2020-12-31	$2,804
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	$696,564
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$2,685,308
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$1,988,744
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	$1,444
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$2,462,060
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$1,979,220
Interest on participant loans	2020-12-31	$344
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$217,223
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$252,585
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	Yes
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	$146,471
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$98,690
Contract administrator fees	2020-12-31	$30
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	CKP, LLP
Accountancy firm EIN	2020-12-31	202227407
2019 : KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN 2019 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$702,054
Total of all expenses incurred	2019-12-31	$52,947
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$51,800
Expenses. Certain deemed distributions of participant loans	2019-12-31	$0
Value of total corrective distributions	2019-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$429,014
Value of total assets at end of year	2019-12-31	$1,988,744
Value of total assets at beginning of year	2019-12-31	$1,339,637
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$1,147
Total interest from all sources	2019-12-31	$76
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$41,368
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	$41,368
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$190,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Amount of non-exempt transactions with any party-in-interest	2019-12-31	$0
Contributions received from participants	2019-12-31	$310,887
Participant contributions at end of year	2019-12-31	$6,720
Participant contributions at beginning of year	2019-12-31	$767
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$0
Other income not declared elsewhere	2019-12-31	$1,217
Administrative expenses (other) incurred	2019-12-31	$1,147
Total non interest bearing cash at end of year	2019-12-31	$2,804
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	$649,107
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$1,988,744
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$1,339,637
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	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$1,979,220
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$1,338,870
Interest on participant loans	2019-12-31	$76
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$230,379
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	$118,127
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$51,800
Contract administrator fees	2019-12-31	$0
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	CKP, LLP
Accountancy firm EIN	2019-12-31	202227407

Form 5500 Responses for KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN

2022: KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	Yes
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: KOREATOWN YOUTH AND COMMUNITY CENTER 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	KOREATOWN YOUTH & COMMUNITY CENTER, INC.
Employer identification number (EIN):	953779389
NAIC Classification:	624100
NAIC Description:	Individual and Family Services