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

KLARNA 401(K) PLAN 401k Plan overview

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

KLARNA 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.

401k Sponsoring company profile

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

Company Name: KLARNA INC.

Employer identification number (EIN): 990365994

NAIC Classification: 541990
NAIC Description: All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KLARNA 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
001 2021-01-01
001 2020-01-01
001 2020-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01 KATIE EPPS 2019-07-02
001 2017-01-01 KATIE EPPS 2018-05-14
001 2016-01-01 KATHRYN EPPS 2017-07-25
001 2015-01-01 KATHRYN EPPS 2016-07-21

Plan Statistics for KLARNA 401(K) PLAN

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

Measure Date Value
2022: KLARNA 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 810
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 541
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 414
Total of all active and inactive participants 2022-01-01 955
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 955
Number of participants with account balances 2022-01-01 936
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 1
2021: KLARNA 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 387
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 615
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 195
Total of all active and inactive participants 2021-01-01 810
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 810
Number of participants with account balances 2021-01-01 745
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 1
2020: KLARNA 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 242
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 289
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 98
Total of all active and inactive participants 2020-01-01 387
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 387
Number of participants with account balances 2020-01-01 358
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: KLARNA 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 2019-01-01 192
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 50
Total of all active and inactive participants 2019-01-01 242
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 242
Number of participants with account balances 2019-01-01 22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0

Measure	Date	Value
2022: KLARNA 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	810
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	541
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	414
Total of all active and inactive participants	2022-01-01	955
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	955
Number of participants with account balances	2022-01-01	936
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	1
2021: KLARNA 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	387
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	615
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	195
Total of all active and inactive participants	2021-01-01	810
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	810
Number of participants with account balances	2021-01-01	745
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	1
2020: KLARNA 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	242
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	289
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	98
Total of all active and inactive participants	2020-01-01	387
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	387
Number of participants with account balances	2020-01-01	358
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: KLARNA 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	192
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	50
Total of all active and inactive participants	2019-01-01	242
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	242
Number of participants with account balances	2019-01-01	22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0

Financial Data on KLARNA 401(K) PLAN

Measure	Date	Value
2022 : KLARNA 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total transfer of assets to this plan	2022-12-31	$1,875,626
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	$5,357,348
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$1,775,959
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$1,768,939
Value of total corrective distributions	2022-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$8,693,816
Value of total assets at end of year	2022-12-31	$20,663,933
Value of total assets at beginning of year	2022-12-31	$15,206,918
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$7,020
Total interest from all sources	2022-12-31	$5,042
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$1,230,769
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	$1,230,769
Was this plan covered by a fidelity bond	2022-12-31	No
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	$5,051,478
Participant contributions at end of year	2022-12-31	$173,835
Participant contributions at beginning of year	2022-12-31	$131,314
Participant contributions at end of year	2022-12-31	$0
Participant contributions at beginning of year	2022-12-31	$348,086
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$1,446,274
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$0
Administrative expenses (other) incurred	2022-12-31	$7,020
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	$3,581,389
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$20,663,933
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$15,206,918
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$20,409,797
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$14,527,547
Interest on participant loans	2022-12-31	$5,042
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-4,572,279
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	$2,196,064
Employer contributions (assets) at end of year	2022-12-31	$80,301
Employer contributions (assets) at beginning of year	2022-12-31	$199,971
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$1,768,939
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	ARY ROEPCKE MULCHAEY, P.C.
Accountancy firm EIN	2022-12-31	522370901
2021 : KLARNA 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
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	$7,623,535
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$885,358
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$883,028
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$5,937,302
Value of total assets at end of year	2021-12-31	$15,206,918
Value of total assets at beginning of year	2021-12-31	$8,468,741
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$2,330
Total interest from all sources	2021-12-31	$2,298
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$795,907
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	$795,907
Was this plan covered by a fidelity bond	2021-12-31	No
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
Contributions received from participants	2021-12-31	$3,550,016
Participant contributions at end of year	2021-12-31	$131,314
Participant contributions at beginning of year	2021-12-31	$62,941
Participant contributions at end of year	2021-12-31	$348,086
Participant contributions at beginning of year	2021-12-31	$74,326
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$987,326
Value of other receiveables (less allowance for doubtful accounts) at end of year	2021-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2021-12-31	$0
Administrative expenses (other) incurred	2021-12-31	$2,330
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	$6,738,177
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$15,206,918
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$8,468,741
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$14,527,547
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$8,285,756
Interest on participant loans	2021-12-31	$2,298
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$19,581
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$19,581
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$888,028
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	$1,399,960
Employer contributions (assets) at end of year	2021-12-31	$199,971
Employer contributions (assets) at beginning of year	2021-12-31	$26,137
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$883,028
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	ARY ROEPCKE MULCHAEY, P.C.
Accountancy firm EIN	2021-12-31	522370901
2020 : KLARNA 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	$4,383,539
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$760,809
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$759,559
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$3,069,609
Value of total assets at end of year	2020-12-31	$8,468,741
Value of total assets at beginning of year	2020-12-31	$4,846,011
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$1,250
Total interest from all sources	2020-12-31	$1,132
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$302,091
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$302,091
Was this plan covered by a fidelity bond	2020-12-31	No
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	$1,619,001
Participant contributions at end of year	2020-12-31	$62,941
Participant contributions at beginning of year	2020-12-31	$19,371
Participant contributions at end of year	2020-12-31	$74,326
Participant contributions at beginning of year	2020-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$847,097
Administrative expenses (other) incurred	2020-12-31	$1,250
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	$3,622,730
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$8,468,741
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$4,846,011
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$8,285,756
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$4,818,765
Interest on participant loans	2020-12-31	$1,124
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$19,581
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$2,315
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$2,315
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$8
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$1,010,707
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	$603,511
Employer contributions (assets) at end of year	2020-12-31	$26,137
Employer contributions (assets) at beginning of year	2020-12-31	$5,560
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$759,559
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	SCHNEIDER DOWNS & CO., INC.
Accountancy firm EIN	2020-12-31	251408703
2019 : KLARNA 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
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 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	$2,377,996
Total income from all sources (including contributions)	2019-12-31	$2,377,996
Total loss/gain on sale of assets	2019-12-31	$0
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$457,857
Total of all expenses incurred	2019-12-31	$457,857
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$454,786
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$454,786
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,545,938
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,545,938
Value of total assets at end of year	2019-12-31	$4,846,011
Value of total assets at end of year	2019-12-31	$4,846,011
Value of total assets at beginning of year	2019-12-31	$2,925,872
Value of total assets at beginning of year	2019-12-31	$2,925,872
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$3,071
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$3,071
Total interest from all sources	2019-12-31	$299
Total interest from all sources	2019-12-31	$299
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$238,047
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$238,047
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$238,047
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$238,047
Was this plan covered by a fidelity bond	2019-12-31	No
Was this plan covered by a fidelity bond	2019-12-31	No
If this is an individual account plan, was there a blackout period	2019-12-31	No
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
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$868,324
Contributions received from participants	2019-12-31	$868,324
Participant contributions at end of year	2019-12-31	$19,371
Participant contributions at end of year	2019-12-31	$19,371
Participant contributions at beginning of year	2019-12-31	$4,405
Participant contributions at beginning of year	2019-12-31	$4,405
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$339,115
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$339,115
Administrative expenses (other) incurred	2019-12-31	$3,071
Administrative expenses (other) incurred	2019-12-31	$3,071
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
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	$1,920,139
Value of net income/loss	2019-12-31	$1,920,139
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$4,846,011
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$4,846,011
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$2,925,872
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$2,925,872
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
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 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
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$4,818,765
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$4,818,765
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$2,909,768
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$2,909,768
Interest on participant loans	2019-12-31	$283
Interest on participant loans	2019-12-31	$283
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$2,315
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$2,315
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$16
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$16
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$593,712
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$593,712
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
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
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
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	$338,499
Contributions received in cash from employer	2019-12-31	$338,499
Employer contributions (assets) at end of year	2019-12-31	$5,560
Employer contributions (assets) at end of year	2019-12-31	$5,560
Employer contributions (assets) at beginning of year	2019-12-31	$11,699
Employer contributions (assets) at beginning of year	2019-12-31	$11,699
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$454,786
Did the plan have assets held for investment	2019-12-31	Yes
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
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
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
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
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	SCHNEIDER DOWNS & CO., INC.
Accountancy firm name	2019-12-31	SCHNEIDER DOWNS & CO., INC.
Accountancy firm EIN	2019-12-31	251408703
Accountancy firm EIN	2019-12-31	251408703

Form 5500 Responses for KLARNA 401(K) PLAN

2022: KLARNA 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 is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: KLARNA 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 is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: KLARNA 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	Yes
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: KLARNA 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 is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	KLARNA INC.
Employer identification number (EIN):	990365994
NAIC Classification:	541990
NAIC Description:	All Other Professional, Scientific, and Technical Services