Civic Intelligence

Kit Masters Inc.

Plan context: Kit Masters & Swan Machine 401(K) Profit Sharing Plan

EIN 41-1839163 • Perham, MN • 14 filings • 2 plans

825 - 1st Street NEPerham, MN 56573
Current Snapshot

Latest Year

2024

2024 Participants

169

2024 Assets

$6,912,116

2024 Contributions

$613,300

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$10,074,200$5,037,100$0201220182024YearValue
$6,912,116Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

176880201220182024YearValue
169Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
20241169$6,912,116$613,300$3,629iApproximate average salary by contribution assumption: employee only about $90,725 at 4% or $60,483 at 6%; with 50% employer match about $60,483 at 4% or $40,322 at 6%; with 100% employer match about $45,362 at 4% or $30,242 at 6%.
Kit Masters & Swan Machine 401(K) Profit Sharing Plan-169$6,912,116$613,300$3,629iApproximate average salary by contribution assumption: employee only about $90,725 at 4% or $60,483 at 6%; with 50% employer match about $60,483 at 4% or $40,322 at 6%; with 100% employer match about $45,362 at 4% or $30,242 at 6%.
20231160$5,901,542$570,616$3,566iApproximate average salary by contribution assumption: employee only about $89,159 at 4% or $59,439 at 6%; with 50% employer match about $59,439 at 4% or $39,626 at 6%; with 100% employer match about $44,579 at 4% or $29,720 at 6%.
Kit Masters & Swan Machine 401(K) Profit Sharing Plan-160$5,901,542$570,616$3,566iApproximate average salary by contribution assumption: employee only about $89,159 at 4% or $59,439 at 6%; with 50% employer match about $59,439 at 4% or $39,626 at 6%; with 100% employer match about $44,579 at 4% or $29,720 at 6%.
20221173$5,113,086$572,288$3,308iApproximate average salary by contribution assumption: employee only about $82,701 at 4% or $55,134 at 6%; with 50% employer match about $55,134 at 4% or $36,756 at 6%; with 100% employer match about $41,350 at 4% or $27,567 at 6%.
Kit Masters & Swan Machine 401(K) Profit Sharing Plan-173$5,113,086$572,288$3,308iApproximate average salary by contribution assumption: employee only about $82,701 at 4% or $55,134 at 6%; with 50% employer match about $55,134 at 4% or $36,756 at 6%; with 100% employer match about $41,350 at 4% or $27,567 at 6%.
20212176$10,074,200$1,044,400$5,934iApproximate average salary by contribution assumption: employee only about $148,352 at 4% or $98,902 at 6%; with 50% employer match about $98,902 at 4% or $65,934 at 6%; with 100% employer match about $74,176 at 4% or $49,451 at 6%.
Kit Masters & Swan Machine 401(K) Profit Sharing Plan-176$6,483,257$603,954$3,432iApproximate average salary by contribution assumption: employee only about $85,789 at 4% or $57,193 at 6%; with 50% employer match about $57,193 at 4% or $38,128 at 6%; with 100% employer match about $42,894 at 4% or $28,596 at 6%.
Kit Masters & Swan Machine 401(K) Profit Sharing Plan-117$3,590,943$440,446$3,764iApproximate average salary by contribution assumption: employee only about $94,112 at 4% or $62,742 at 6%; with 50% employer match about $62,742 at 4% or $41,828 at 6%; with 100% employer match about $47,056 at 4% or $31,371 at 6%.
20201142$5,213,788$514,092$3,620iApproximate average salary by contribution assumption: employee only about $90,509 at 4% or $60,339 at 6%; with 50% employer match about $60,339 at 4% or $40,226 at 6%; with 100% employer match about $45,255 at 4% or $30,170 at 6%.
Kit Masters & Swan Machine 401(K) Profit Sharing Plan-142$5,213,788$514,092$3,620iApproximate average salary by contribution assumption: employee only about $90,509 at 4% or $60,339 at 6%; with 50% employer match about $60,339 at 4% or $40,226 at 6%; with 100% employer match about $45,255 at 4% or $30,170 at 6%.
20191133$4,461,540$581,520$4,372iApproximate average salary by contribution assumption: employee only about $109,308 at 4% or $72,872 at 6%; with 50% employer match about $72,872 at 4% or $48,581 at 6%; with 100% employer match about $54,654 at 4% or $36,436 at 6%.
Kit Masters & Swan Machine 401(K) Profit Sharing Plan-133$4,461,540$581,520$4,372iApproximate average salary by contribution assumption: employee only about $109,308 at 4% or $72,872 at 6%; with 50% employer match about $72,872 at 4% or $48,581 at 6%; with 100% employer match about $54,654 at 4% or $36,436 at 6%.
2018146$1,290,622$150,073$3,262iApproximate average salary by contribution assumption: employee only about $81,561 at 4% or $54,374 at 6%; with 50% employer match about $54,374 at 4% or $36,250 at 6%; with 100% employer match about $40,781 at 4% or $27,187 at 6%.
Kit Masters & Swan Machine 401(K) Profit Sharing Plan-46$1,290,622$150,073$3,262iApproximate average salary by contribution assumption: employee only about $81,561 at 4% or $54,374 at 6%; with 50% employer match about $54,374 at 4% or $36,250 at 6%; with 100% employer match about $40,781 at 4% or $27,187 at 6%.
2017145$1,321,523$150,999$3,356iApproximate average salary by contribution assumption: employee only about $83,888 at 4% or $55,926 at 6%; with 50% employer match about $55,926 at 4% or $37,284 at 6%; with 100% employer match about $41,944 at 4% or $27,963 at 6%.
Kit Masters & Swan Machine 401(K) Profit Sharing Plan-45$1,321,523$150,999$3,356iApproximate average salary by contribution assumption: employee only about $83,888 at 4% or $55,926 at 6%; with 50% employer match about $55,926 at 4% or $37,284 at 6%; with 100% employer match about $41,944 at 4% or $27,963 at 6%.
20161103$2,979,358$408,206$3,963iApproximate average salary by contribution assumption: employee only about $99,079 at 4% or $66,053 at 6%; with 50% employer match about $66,053 at 4% or $44,035 at 6%; with 100% employer match about $49,540 at 4% or $33,026 at 6%.
Kit Masters & Swan Machine 401(K) Profit Sharing Plan-103$2,979,358$408,206$3,963iApproximate average salary by contribution assumption: employee only about $99,079 at 4% or $66,053 at 6%; with 50% employer match about $66,053 at 4% or $44,035 at 6%; with 100% employer match about $49,540 at 4% or $33,026 at 6%.
2015183$2,378,853$606,513$7,307iApproximate average salary by contribution assumption: employee only about $182,685 at 4% or $121,790 at 6%; with 50% employer match about $121,790 at 4% or $81,193 at 6%; with 100% employer match about $91,342 at 4% or $60,895 at 6%.
Kit Masters & Swan Machine 401(K) Profit Sharing Plan-83$2,378,853$606,513$7,307iApproximate average salary by contribution assumption: employee only about $182,685 at 4% or $121,790 at 6%; with 50% employer match about $121,790 at 4% or $81,193 at 6%; with 100% employer match about $91,342 at 4% or $60,895 at 6%.
2014174$1,777,222$432,337$5,842iApproximate average salary by contribution assumption: employee only about $146,060 at 4% or $97,373 at 6%; with 50% employer match about $97,373 at 4% or $64,915 at 6%; with 100% employer match about $73,030 at 4% or $48,687 at 6%.
Kit Masters & Swan Machine 401(K) Profit Sharing Plan-74$1,777,222$432,337$5,842iApproximate average salary by contribution assumption: employee only about $146,060 at 4% or $97,373 at 6%; with 50% employer match about $97,373 at 4% or $64,915 at 6%; with 100% employer match about $73,030 at 4% or $48,687 at 6%.
2013153$1,296,054$404,023$7,623iApproximate average salary by contribution assumption: employee only about $190,577 at 4% or $127,051 at 6%; with 50% employer match about $127,051 at 4% or $84,701 at 6%; with 100% employer match about $95,288 at 4% or $63,526 at 6%.
Kit Masters & Swan Machine 401(K) Profit Sharing Plan-53$1,296,054$404,023$7,623iApproximate average salary by contribution assumption: employee only about $190,577 at 4% or $127,051 at 6%; with 50% employer match about $127,051 at 4% or $84,701 at 6%; with 100% employer match about $95,288 at 4% or $63,526 at 6%.
2012141$712,608$692,556$16,892iApproximate average salary by contribution assumption: employee only about $422,290 at 4% or $281,527 at 6%; with 50% employer match about $281,527 at 4% or $187,685 at 6%; with 100% employer match about $211,145 at 4% or $140,763 at 6%.
Kit Masters & Swan Machine 401(K) Profit Sharing Plan-41$712,608$692,556$16,892iApproximate average salary by contribution assumption: employee only about $422,290 at 4% or $281,527 at 6%; with 50% employer match about $281,527 at 4% or $187,685 at 6%; with 100% employer match about $211,145 at 4% or $140,763 at 6%.