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K-M Industries Holding Co., Inc. Employee Stock Ownership Plan


Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1999
  • Net Assets as of 12/31/2018 $32,728,668
  • Plan Number2
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants1,048
  • Retired or separated participants receiving benefits286
  • Other retired or separated participants entitled to future benefits922
  • Subtotal2,256
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits4
  • Total2,260
  • Total number of participants as of 01/01/20182,545
  • Number of participants with account balances2,245
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested128


  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address987 Commercial Street
  • CitySan Carlos
  • StateCA
  • Zip94070
  • Telephone(650) 592-8337
  • EIN94-1230192
  • Industry Code551112
  • Named AdministratorSteven Jackson

Plan Administrator Information

  • Administrator NameK-M Industries Holding Co., Inc.
  • Address987 Commercial Street
  • CitySan Carlos
  • StateCA
  • Zip94070
  • Telephone(650) 592-8337
  • Administrator EIN94-1230192

Audit Information

  • Audit StatusAudited
  • AuditorMoss Adams LLP
  • Auditor EIN91-0189318
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2I Stock bonus A stock bonus plan is a type of profit-sharing by which a corporation uses its own stock to make contributions and distributions.
2P Leveraged ESOP An Employee Stock Ownership Plan (ESOP) that acquires employer securities with borrowed money or other debt-financing techniques.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $1,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No


Income and Expense Statement

Income $-7,658,681
Contributions $7,580,857
Cash Contributions $7,580,857
Cash from Employers $7,580,857
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-15,239,538
Total Interest $110,672
Interest-Bearing Cash $63,209
U.S. Government Securities $0
Corporate Debt Instruments $47,463
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $589,309
Preferred Stock $0
Common Stock $45,789
Rents $0
Net gain (loss) on sale of assets $63,117
Aggregate Proceeds $6,615,425
Aggregate Carrying Amount $6,552,308
Total Unrealized Appreciation (depreciation) of assets $-14,848,000
Real Estate $0
Other $-14,848,000
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $-1,154,636
Other Income $0
Expenses $5,253,325
Total Benefit Payments $4,586,625
Directly to participants or beneficiaries, including direct rollovers $4,586,625
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $518,282
Total Administrative Expenses $148,418
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $148,418
Other Administrative Fees $0
Net Income $-12,912,006
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $45,069,755 $64,150,761 -29.74%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $937,810 $1,414,945 -33.72%
Interest-bearing cash $304,402 $641,671 -52.56%
U.S. Government Securities $633,408 $773,274 -18.09%
Corporate Debt Instruments $564,937 $594,757 -5.01%
Preferred $0 $0 0.0%
All Other $564,937 $594,757 -5.01%
Corporate Stocks $2,162,261 $2,673,801 -19.13%
Preferred $0 $0 0.0%
Common $2,162,261 $2,673,801 -19.13%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $17,108,020 $20,322,530 -15.82%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $24,296,727 $39,144,728 -37.93%
Employer Securities $24,296,727 $39,144,728 -37.93%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $12,341,087 $18,510,087 -33.33%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $12,341,087 $18,510,087 -33.33%
Other liabilities (1) $0 $0 0.0%
Net Assets $32,728,668 $45,640,674 -28.29%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Merrill Lynch Trustee (individual) Investment Advisory $148,418 $0 $148,418
Total $148,418 $0 $148,418

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.



No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.