Kings Tire Service, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Kings Tire Service, Inc.)
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, Kings Tire Service, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Kings Tire Service, Inc. under EIN 55-0566053 and plan number 001. The latest loaded filing year is 2023. The filing reports 265 participants and $4,671,410 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$4.7MPlan net assets, end of year$4,671,410
Participants265Covered participants reported
Assets / participant$17.6KComputed: assets ÷ participants$17,628 (computed)
Provider compensationNone reported1 Schedule C provider row(s)
- Plan sponsor
- Kings Tire Service, Inc.
- EIN
- 55-0566053
- Plan number
- 001
- Plan type
- 2
- Location
- Bluefield, WV
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 265 | H, C | 20241015125436NAL0029694673001 |
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)$4.7M total assets
Net assets$4.7MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $4,671,410
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,671,410
- Net assets (BOY)
- $3,569,908
Income & contributions
- Employer contributions
- $266,240
- Participant contributions
- $398,661
- Total contributions
- $740,813
- Total income / additions
- $1,342,113
Expenses & distributions
- Benefits paid
- $239,736
- Administrative expenses
- $875
- Total expenses
- $240,611
- Net increase / (decrease)
- $1,101,502
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.
40%60%
Employer 40%Participant 60%
Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income18%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Capital Bank And Trust | RECORDKEEPER | not reported in the loaded dataset | not reported in the loaded dataset | 2023 |