401k Plan data: MORTGAGE EQUITY PARTNERS RETIREMENT PLAN plan

MORTGAGE EQUITY PARTNERS RETIREMENT PLAN 401k Plan overview

Plan Name	MORTGAGE EQUITY PARTNERS RETIREMENT PLAN
Plan identification number	001

MORTGAGE EQUITY PARTNERS RETIREMENT PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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.

401k Sponsoring company profile

MORTGAGE EQUITY PARTNERS, LLC has sponsored the creation of one or more 401k plans.

Company Name: MORTGAGE EQUITY PARTNERS, LLC

Employer identification number (EIN): 043545544

NAIC Classification: 522292
NAIC Description: Real Estate Credit

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MORTGAGE EQUITY PARTNERS RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 JOHN LYNAH 2023-10-16
001 2021-01-01 JOHN LYNAH 2022-10-17
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01 SEAN RILEY 2017-05-22 SEAN RILEY 2017-05-22
001 2015-01-01 SUSAN VOLPE 2016-09-09 SUSAN VOLPE 2016-09-09
001 2014-01-01 SEAN RILEY 2015-07-29
001 2013-01-01 SEAN RILEY 2014-09-12
001 2012-01-01 BETH CLARK 2013-08-28 BRENDA PARSONS 2013-08-28
001 2011-01-01 BETH CLARK 2012-10-05
001 2010-01-01 BRENDA PARSONS 2011-07-13 BRENDA PARSONS 2011-07-13

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	JOHN LYNAH	2023-10-16
001	2021-01-01	JOHN LYNAH	2022-10-17
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01	SEAN RILEY	2017-05-22	SEAN RILEY	2017-05-22
001	2015-01-01	SUSAN VOLPE	2016-09-09	SUSAN VOLPE	2016-09-09
001	2014-01-01	SEAN RILEY	2015-07-29
001	2013-01-01	SEAN RILEY	2014-09-12
001	2012-01-01	BETH CLARK	2013-08-28	BRENDA PARSONS	2013-08-28
001	2011-01-01	BETH CLARK	2012-10-05
001	2010-01-01	BRENDA PARSONS	2011-07-13	BRENDA PARSONS	2011-07-13

Plan Statistics for MORTGAGE EQUITY PARTNERS RETIREMENT PLAN

401k plan membership statisitcs for MORTGAGE EQUITY PARTNERS RETIREMENT PLAN

Measure Date Value
2022: MORTGAGE EQUITY PARTNERS RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 155
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 124
Number of retired or separated participants receiving benefits 2022-01-01 1
Number of other retired or separated participants entitled to future benefits 2022-01-01 31
Total of all active and inactive participants 2022-01-01 156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 156
Number of participants with account balances 2022-01-01 156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 27
2021: MORTGAGE EQUITY PARTNERS RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 154
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 126
Number of retired or separated participants receiving benefits 2021-01-01 2
Number of other retired or separated participants entitled to future benefits 2021-01-01 17
Total of all active and inactive participants 2021-01-01 145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 145
Number of participants with account balances 2021-01-01 145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 17

Measure	Date	Value
2022: MORTGAGE EQUITY PARTNERS RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	155
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	124
Number of retired or separated participants receiving benefits	2022-01-01	1
Number of other retired or separated participants entitled to future benefits	2022-01-01	31
Total of all active and inactive participants	2022-01-01	156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	156
Number of participants with account balances	2022-01-01	156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	27
2021: MORTGAGE EQUITY PARTNERS RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	154
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	126
Number of retired or separated participants receiving benefits	2021-01-01	2
Number of other retired or separated participants entitled to future benefits	2021-01-01	17
Total of all active and inactive participants	2021-01-01	145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	145
Number of participants with account balances	2021-01-01	145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	17

Financial Data on MORTGAGE EQUITY PARTNERS RETIREMENT PLAN

Measure	Date	Value
2022 : MORTGAGE EQUITY PARTNERS RETIREMENT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$372
Total income from all sources (including contributions)	2022-12-31	$243,208
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$648,441
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$588,294
Expenses. Certain deemed distributions of participant loans	2022-12-31	$14,038
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$1,421,137
Value of total assets at end of year	2022-12-31	$5,682,295
Value of total assets at beginning of year	2022-12-31	$6,087,900
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$46,109
Total interest from all sources	2022-12-31	$4,544
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$0
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$808,820
Participant contributions at end of year	2022-12-31	$109,567
Participant contributions at beginning of year	2022-12-31	$105,294
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$415,043
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-31	$372
Administrative expenses (other) incurred	2022-12-31	$2,430
Total non interest bearing cash at end of year	2022-12-31	$4,000
Total non interest bearing cash at beginning of year	2022-12-31	$10,167
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-405,233
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$5,682,295
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$6,087,528
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$20,062
Value of interest in pooled separate accounts at end of year	2022-12-31	$5,451,578
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$5,949,775
Interest on participant loans	2022-12-31	$4,544
Value of interest in common/collective trusts at end of year	2022-12-31	$117,150
Value of interest in common/collective trusts at beginning of year	2022-12-31	$22,664
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-1,182,473
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$197,274
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$588,294
Contract administrator fees	2022-12-31	$23,617
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	LEE CPA AUDIT GROUP
Accountancy firm EIN	2022-12-31	814637885
2021 : MORTGAGE EQUITY PARTNERS RETIREMENT PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$372
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$2,256,013
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$511,700
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$459,653
Expenses. Certain deemed distributions of participant loans	2021-12-31	$7,418
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,520,748
Value of total assets at end of year	2021-12-31	$6,087,900
Value of total assets at beginning of year	2021-12-31	$4,343,215
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$44,629
Total interest from all sources	2021-12-31	$4,768
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$0
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$1,043,594
Participant contributions at end of year	2021-12-31	$105,294
Participant contributions at beginning of year	2021-12-31	$62,895
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$240,946
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2021-12-31	$372
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2021-12-31	$0
Administrative expenses (other) incurred	2021-12-31	$3,290
Total non interest bearing cash at end of year	2021-12-31	$10,167
Total non interest bearing cash at beginning of year	2021-12-31	$2,190
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$1,744,313
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$6,087,528
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$4,343,215
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$18,836
Value of interest in pooled separate accounts at end of year	2021-12-31	$5,949,775
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$4,278,130
Interest on participant loans	2021-12-31	$4,768
Value of interest in common/collective trusts at end of year	2021-12-31	$22,664
Value of interest in common/collective trusts at beginning of year	2021-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$730,497
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$236,208
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$459,653
Contract administrator fees	2021-12-31	$22,503
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Disclaimer
Accountancy firm name	2021-12-31	LEE CPA
Accountancy firm EIN	2021-12-31	814637885

Form 5500 Responses for MORTGAGE EQUITY PARTNERS RETIREMENT PLAN

2022: MORTGAGE EQUITY PARTNERS RETIREMENT PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: MORTGAGE EQUITY PARTNERS RETIREMENT PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	Yes
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

129006

Policy instance

Insurance contract or identification number	129006
Number of Individuals Covered	161
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $8,869
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	8869
Additional information about fees paid to insurance broker	TPA FEES PAID, TPA COMPENSATION
Insurance broker organization code?	5

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

129006

Policy instance

Insurance contract or identification number	129006
Number of Individuals Covered	150
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $8,150
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	8150
Additional information about fees paid to insurance broker	TPA FEES PAID, TPA COMPENSATION
Insurance broker organization code?	5

Potentially related plans

MORTGAGE EQUITY TEAM RETIREMENT PLAN [EIN = 471524967]

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	MORTGAGE EQUITY PARTNERS, LLC
Employer identification number (EIN):	043545544
NAIC Classification:	522292
NAIC Description:	Real Estate Credit