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, Kit Masters & Swan Machine 401(K) Profit Sharing Plan is a benefit plan reported by Kit Masters, Inc. under EIN 41-1839163 and plan number 001. The latest loaded filing year is 2023. The filing reports 211 participants and $5,901,542 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,901,542
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,901,542
- Net assets (BOY)
- $5,109,995
Income & contributions
- Employer contributions
- $222,855
- Participant contributions
- $343,701
- Total contributions
- $570,616
- Total income / additions
- $1,400,730
Expenses & distributions
- Benefits paid
- $599,657
- Administrative expenses
- $8,948
- Total expenses
- $609,183
- Net increase / (decrease)
- $791,547