Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, K Motors, Inc. 401(K) Plan is a benefit plan reported by K Motors, Inc. under EIN 33-0417241 and plan number 001. The latest loaded filing year is 2023. The filing reports 523 participants and $16,581,231 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,581,231
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,581,231
- Net assets (BOY)
- $13,214,765
Income & contributions
- Employer contributions
- $147,603
- Participant contributions
- $1,504,918
- Total contributions
- $1,666,304
- Total income / additions
- $4,180,606
Expenses & distributions
- Benefits paid
- $741,724
- Administrative expenses
- $4,796
- Total expenses
- $814,140
- Net increase / (decrease)
- $3,366,466