Kiara, 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.

Kiara, Inc. 401(k) Plan Facts (plan year 2021)

Plan name
KIARA, INC. 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
KIARA, INC.
Participants
671 (389 active employees)
Former employees with a balance
187
Plan assets
$85,816,684 at Dec 31, 2021
Average account balance
$154,069 across 557 accounts
Employer contributions
$398,036 in plan year 2021 (12% of all contributions)
Recordkeeper
Newport Group, Inc.
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Jan 1, 1993
✓ 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 Sep 12, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $3.40 million went into the plan in contributions, $398,036 of it from the employer (12%).
  • $1.97 million was paid out to participants.
  • Investment and other income added $8.88 million.
  • Administrative expenses were $157,327, about $282 per account.

How the Kiara, Inc. 401(k) changed, 2016–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2016577$59.5 million$271,643$1.73 million
2017610$68.2 million$339,934$4.17 million
2018615$62.5 million$364,620$5.70 million
2019632$71.5 million$384,031$6.60 million
2020681$75.7 million$356,649$9.50 million
2021671$85.8 million$398,036$1.97 million

Kiara, Inc. 401(k) Contact Information

Phone
217-788-0706
Mailing address
619 E MASON ST SUITE 4 P 57, SPRINGFIELD IL 62701
Plan sponsor
KIARA, INC.
Employer identification number (EIN)
37-1163401
Plan number
003

Questions about the Kiara, Inc. 401(k)

Is the Kiara, 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 Kiara, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $398,036, 12% of all contributions.

Does the Kiara, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Kiara, Inc 401(k) plan?

671 participants at the start of plan year 2021, 389 of them active employees, and 187 former employees who still had money in the plan.

What is the average 401(k) balance at Kiara, Inc?

About $154,069 per account: $85.8 million in plan assets across 557 accounts with a balance at the end of plan year 2021.

Who manages the Kiara, Inc 401(k) accounts?

Newport (an Ascensus company) (listed on the filing as NEWPORT GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

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