Kenworth Sales Company Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2021. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Kenworth Sales Company Inc. 401(k) Plan Facts (plan year 2021)

Plan name
KENWORTH SALES COMPANY INC. EMPLOYEES SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
KENWORTH SALES COMPANY INC.
Participants
1,284 (1,145 active employees)
Former employees with a balance
238
Plan assets
$59,416,920 at Dec 31, 2021
Average account balance
$51,532 across 1,153 accounts
Employer contributions
$680,186 in plan year 2021 (18% of all contributions)
Recordkeeper
American United Life Insurance Co
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Jan 1, 1988
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2021 (Jan 1, 2021 – Dec 31, 2021), filed Oct 12, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $3.76 million went into the plan in contributions, $680,186 of it from the employer (18%).
  • $4.18 million was paid out to participants.
  • Investment and other income added $5.94 million.
  • Administrative expenses were $155,837, about $135 per account.

How the Kenworth Sales Company Inc. 401(k) changed, 2016–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2016810$21.1 million$410,934$1.23 million
2017840$24.9 million$461,727$1.89 million
2018855$23.0 million$482,448$2.78 million
2019876$29.2 million$572,130$2.09 million
2020934$33.6 million$605,855$3.10 million
20211,284$59.4 million$680,186$4.18 million

Kenworth Sales Company Inc. 401(k) Contact Information

Phone
801-487-4161
Mailing address
2125 S CONSTITUTION BLVD, WEST VALLEY CITY UT 84119
Plan sponsor
KENWORTH SALES COMPANY INC.
Employer identification number (EIN)
87-0222780
Plan number
002

Questions about the Kenworth Sales Company Inc. 401(k)

Is the Kenworth Sales Company Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2021, and no later filing was found under this employer's EIN.

Does Kenworth Sales Company Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $680,186, 18% of all contributions.

Does the Kenworth Sales Company Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Kenworth Sales Company Inc 401(k) plan?

1,284 participants at the start of plan year 2021, 1,145 of them active employees, and 238 former employees who still had money in the plan.

What is the average 401(k) balance at Kenworth Sales Company Inc?

About $51,532 per account: $59.4 million in plan assets across 1,153 accounts with a balance at the end of plan year 2021.

Who manages the Kenworth Sales Company Inc 401(k) accounts?

OneAmerica Financial (listed on the filing as AMERICAN UNITED LIFE INSURANCE CO) is the plan's recordkeeper, which is where participants log in to see their balance.

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