K Line Logistics (U.S.A.) Incorporated 401(K) Profit Sharing Plan — Form 5500 plan (K Line Logistics (U.S.A.) Incorporated)

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 Line Logistics (U.S.A.) Incorporated 401(K) Profit Sharing Plan is a benefit plan reported by K Line Logistics (U.S.A.) Incorporated under EIN 11-2514027 and plan number 002. The latest loaded filing year is 2023. The filing reports 123 participants and $8,151,751 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$8.2MPlan net assets, end of year$8,151,751
Participants123Covered participants reported
Assets / participant$66.3KComputed: assets ÷ participants$66,274 (computed)
Provider compensation$36.7K2 Schedule C provider row(s)$36,675
Plan sponsor
K Line Logistics (U.S.A.) Incorporated
EIN
11-2514027
Plan number
002
Plan type
2
Location
Springfield Gardens, NY
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023123H, C20240924055148NAL0012441553001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$8.2M total assets
Net assets$8.2MLiabilities$0
Money in vs. money out
Total income / additions$1.7M
Total expenses$684.8K
Benefits paid / distributions$648.1K
Contributions
Employer$128.4K
Participant$505.9K
Full reported line items

Net assets

Total assets (EOY)
$8,151,751
Total liabilities (EOY)
$0
Net assets (EOY)
$8,151,751
Net assets (BOY)
$7,095,884

Income & contributions

Employer contributions
$128,446
Participant contributions
$505,926
Total contributions
$671,462
Total income / additions
$1,740,692

Expenses & distributions

Benefits paid
$648,150
Administrative expenses
$36,675
Total expenses
$684,825
Net increase / (decrease)
$1,055,867
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 20%Participant 80%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income37%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
John Hancock Retirement Plan SrvcsRETAINED BY EMPLOYER$23,064$02023
Golden Eagle Capital Advisors, Inc.RETAINED BY EMPLOYER$13,611not reported in the loaded dataset2023

Related Form 5500 pages