Back to top

Kennedy Mechanical Plumbing & Heating, Inc. 401k Savings Plan


Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1983
  • Net Assets as of 12/31/2019 $9,355,528
  • Plan Number1
  • 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 12/31/2019

  • Active (Eligible) Participants173
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits121
  • Subtotal294
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total294
  • Total number of participants as of 01/01/2019278
  • Number of participants with account balances284
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2


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

Sponsor Information

  • Address11 Comfort Street
  • CityRochester
  • StateNY
  • Zip14620
  • Telephone(585) 232-2800
  • EIN16-1385946
  • Industry Code238220
  • Named AdministratorStephen Cassidy

Audit Information

  • Audit StatusAudited
  • AuditorDavie Kaplan, CPA, Pc
  • Auditor EIN16-1182991
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

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 $850,000
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 $2,032,760
Contributions $423,326
Cash Contributions $423,326
Cash from Employers $0
Cash from Participants $421,923
Others (including rollovers) $1,403
Noncash Contributions $0
Total Earnings on Investments $1,609,434
Total Interest $19,902
Interest-Bearing Cash $2,918
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $16,984
Interest from Other Investments $0
Total Dividends $91,837
Preferred Stock $91,837
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $17,434
Aggregate Proceeds $390,175
Aggregate Carrying Amount $372,741
Total Unrealized Appreciation (depreciation) of assets $39,131
Real Estate $0
Other $39,131
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 $1,441,130
Other Income $0
Expenses $653,767
Total Benefit Payments $585,047
Directly to participants or beneficiaries, including direct rollovers $585,047
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 $0
Total Administrative Expenses $68,720
Professional Fees $20,665
Contract Administrator Fees $0
Investment Advisory and management fees $47,655
Other Administrative Fees $400
Net Income $1,378,993
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $9,355,528 $7,976,535 17.29%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $9,309 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $7,435 $0 0.0%
Other Contributions $1,874 $0 0.0%
General Investments $256,614 $1,818,528 -85.89%
Interest-bearing cash $256,614 $240,991 6.48%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $1,577,537 0.0%
Preferred $0 $1,577,537 0.0%
All Other $0 $0 0.0%
Corporate Stocks $2,125,410 $421,831 403.85%
Preferred $1,447,874 $0 0.0%
Common $677,536 $421,831 60.62%
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 $258,065 $289,188 -10.76%
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 $6,706,130 $5,446,988 23.12%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $9,355,528 $7,976,535 17.29%

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
Karpus Investment Management Investment management, Investment management fees paid directly by plan Investment Advisor $66,615 $0 $66,615
Davie Kaplan CPA, P.C. Accounting (including auditing), Direct payment from the plan Accountant $10,350 $0 $10,350
Benefits Management, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.), Consulting (pension), Participant loan processing, Direct payment from the plan Third Party Administrator $10,315 $0 $10,315
Total $87,280 $0 $87,280

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.