P & K Equipment, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2019. 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.

P & K Equipment, Inc. 401(k) Plan Facts (plan year 2019)

Plan name
P & K EQUIPMENT, INC. EMPLOYEE 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
P & K EQUIPMENT, INC.
Participants
431 (382 active employees)
Former employees with a balance
68
Plan assets
$12,456,736 at Dec 31, 2019
Average account balance
$43,862 across 284 accounts
Employer contributions
$522,340 in plan year 2019 (35% of all contributions)
Plan year
Jan 1, 2019 – Dec 31, 2019
Plan established
Jan 1, 1996
✓ 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 2019 (Jan 1, 2019 – Dec 31, 2019), filed Oct 15, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $1.48 million went into the plan in contributions, $522,340 of it from the employer (35%).
  • $427,804 was paid out to participants.
  • Investment and other income added $1.98 million.
  • Administrative expenses were $33,692, about $119 per account.

How the P & K Equipment, Inc. 401(k) changed, 2014–2019

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2014261$6.04 million$318,746$311,878
2015269$6.13 million$339,679$792,787
2016287$6.91 million$316,266$497,120
2017285$8.67 million$322,664$318,589
2018301$9.46 million$352,551$871,997
2019431$12.5 million$522,340$427,804

P & K Equipment, Inc. 401(k) Contact Information

Phone
580-237-2199
Mailing address
102 S. VAN BUREN, ENID OK 73703
Plan sponsor
P & K EQUIPMENT, INC.
Employer identification number (EIN)
73-1259841
Plan number
001

Questions about the P & K Equipment, Inc. 401(k)

Is the P & K Equipment, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2019, and no later filing was found under this employer's EIN.

Does P & K Equipment, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2019 the employer contributed $522,340, 35% of all contributions.

Does the P & K Equipment, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the P & K Equipment, Inc 401(k) plan?

431 participants at the start of plan year 2019, 382 of them active employees, and 68 former employees who still had money in the plan.

What is the average 401(k) balance at P & K Equipment, Inc?

About $43,862 per account: $12.5 million in plan assets across 284 accounts with a balance at the end of plan year 2019.

Who manages the P & K Equipment, Inc 401(k) accounts?

Voya Financial is the plan's recordkeeper, which is where participants log in to see their balance.

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