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M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameM & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 002

M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

M & L POWER SYSTEMS MAINTENANCE, INC. has sponsored the creation of one or more 401k plans.

Company Name:M & L POWER SYSTEMS MAINTENANCE, INC.
Employer identification number (EIN):222402360
NAIC Classification:811210
NAIC Description: Electronic and Precision Equipment Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01MILIND BAGLE
0022016-01-01MILIND BAGLE
0022015-01-01
0022014-01-01
0022013-01-01BECKY KONG2014-10-07
0022012-01-01BECKY KONG2013-09-27
0022011-01-01BECKY KONG2012-10-13
0022010-01-01BECKY KONG2011-10-13

Plan Statistics for M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0113
Total number of active participants reported on line 7a of the Form 55002022-01-0112
Number of retired or separated participants receiving benefits2022-01-011
Total of all active and inactive participants2022-01-0113
Total participants2022-01-0113
Number of participants with account balances2022-01-0113
2021: M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0115
Total number of active participants reported on line 7a of the Form 55002021-01-0112
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-011
Total of all active and inactive participants2021-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0113
Number of participants with account balances2021-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0116
Total number of active participants reported on line 7a of the Form 55002020-01-0114
Number of other retired or separated participants entitled to future benefits2020-01-011
Total of all active and inactive participants2020-01-0115
Total participants2020-01-0115
Number of participants with account balances2020-01-0115
2019: M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0115
Total number of active participants reported on line 7a of the Form 55002019-01-0114
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-012
Total of all active and inactive participants2019-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0116
Number of participants with account balances2019-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0116
Total number of active participants reported on line 7a of the Form 55002018-01-0114
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-011
Total of all active and inactive participants2018-01-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0115
Number of participants with account balances2018-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0116
Total number of active participants reported on line 7a of the Form 55002017-01-0115
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-011
Total of all active and inactive participants2017-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0116
Number of participants with account balances2017-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0116
Total number of active participants reported on line 7a of the Form 55002016-01-0113
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-013
Total of all active and inactive participants2016-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0116
Number of participants with account balances2016-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022 : M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-1,317,016
Expenses. Total of all expenses incurred2022-12-31$174,400
Benefits paid (including direct rollovers)2022-12-31$174,094
Total plan assets at end of year2022-12-31$5,336,361
Total plan assets at beginning of year2022-12-31$6,827,777
Value of fidelity bond covering the plan2022-12-31$400,000
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$108,952
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-1,472,745
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-1,491,416
Net plan assets at end of year (total assets less liabilities)2022-12-31$5,336,361
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$6,827,777
Assets. Value of participant loans2022-12-31$38,464
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$46,777
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$306
2021 : M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$1,152,564
Expenses. Total of all expenses incurred2021-12-31$404,694
Benefits paid (including direct rollovers)2021-12-31$404,469
Total plan assets at end of year2021-12-31$6,827,777
Total plan assets at beginning of year2021-12-31$6,079,907
Value of fidelity bond covering the plan2021-12-31$300,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$133,545
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$972,678
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$747,870
Net plan assets at end of year (total assets less liabilities)2021-12-31$6,827,777
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$6,079,907
Assets. Value of participant loans2021-12-31$10,998
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$46,341
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$225
2020 : M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$1,186,320
Expenses. Total of all expenses incurred2020-12-31$180,145
Benefits paid (including direct rollovers)2020-12-31$179,857
Total plan assets at end of year2020-12-31$6,079,907
Total plan assets at beginning of year2020-12-31$5,073,732
Value of fidelity bond covering the plan2020-12-31$300,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$136,958
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$1,001,006
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$1,006,175
Net plan assets at end of year (total assets less liabilities)2020-12-31$6,079,907
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$5,073,732
Assets. Value of participant loans2020-12-31$16,466
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$48,356
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$288
2019 : M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$1,136,671
Expenses. Total of all expenses incurred2019-12-31$319
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$5,073,732
Total plan assets at beginning of year2019-12-31$3,937,380
Value of fidelity bond covering the plan2019-12-31$300,000
Total contributions received or receivable from participants2019-12-31$162,787
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$973,884
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$1,136,352
Net plan assets at end of year (total assets less liabilities)2019-12-31$5,073,732
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$3,937,380
Assets. Value of participant loans2019-12-31$22,600
Total contributions received or receivable from employer(s)2019-12-31$0
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$319
2018 : M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-8,006
Expenses. Total of all expenses incurred2018-12-31$280,306
Benefits paid (including direct rollovers)2018-12-31$280,000
Total plan assets at end of year2018-12-31$3,937,380
Total plan assets at beginning of year2018-12-31$4,225,692
Value of fidelity bond covering the plan2018-12-31$300,000
Total contributions received or receivable from participants2018-12-31$176,554
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-226,778
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-288,312
Net plan assets at end of year (total assets less liabilities)2018-12-31$3,937,380
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$4,225,692
Assets. Value of participant loans2018-12-31$26,656
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022018-12-31$0
Total contributions received or receivable from employer(s)2018-12-31$42,218
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$306
2017 : M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$841,370
Expenses. Total of all expenses incurred2017-12-31$1,020,438
Benefits paid (including direct rollovers)2017-12-31$1,020,169
Total plan assets at end of year2017-12-31$4,225,692
Total plan assets at beginning of year2017-12-31$4,404,760
Value of fidelity bond covering the plan2017-12-31$300,000
Total contributions received or receivable from participants2017-12-31$177,230
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$620,322
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$-179,068
Net plan assets at end of year (total assets less liabilities)2017-12-31$4,225,692
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$4,404,760
Assets. Value of participant loans2017-12-31$14,917
Total contributions received or receivable from employer(s)2017-12-31$43,818
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$269
2016 : M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$1,210,734
Expenses. Total of all expenses incurred2016-12-31$6,148
Benefits paid (including direct rollovers)2016-12-31$6,123
Total plan assets at end of year2016-12-31$4,404,760
Total plan assets at beginning of year2016-12-31$3,200,174
Value of fidelity bond covering the plan2016-12-31$300,000
Total contributions received or receivable from participants2016-12-31$155,487
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$715,777
Other income received2016-12-31$298,412
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$1,204,586
Net plan assets at end of year (total assets less liabilities)2016-12-31$4,404,760
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$3,200,174
Assets. Value of participant loans2016-12-31$10,472
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022016-12-31$0
Total contributions received or receivable from employer(s)2016-12-31$41,058
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$25

Form 5500 Responses for M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN

2022: M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: M & L POWER SYSTEMS MAINTENANCE, INC. 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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