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MIDWEST INDUSTRIAL CONTRACT SERVICES 401(K) PLAN 401k Plan overview

Plan NameMIDWEST INDUSTRIAL CONTRACT SERVICES 401(K) PLAN
Plan identification number 001

MIDWEST INDUSTRIAL CONTRACT SERVICES 401(K) 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.
  • 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

MIDWEST INDUSTRIAL CONTRACT SERVICES LLC has sponsored the creation of one or more 401k plans.

Company Name:MIDWEST INDUSTRIAL CONTRACT SERVICES LLC
Employer identification number (EIN):264664068
NAIC Classification:561300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIDWEST INDUSTRIAL CONTRACT SERVICES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01CHARLES DURKOT, E.A.2023-10-09 CHARLES DURKOT, E.A.2023-10-09
0012021-01-01CHARLES DURKOT, E.A.2022-07-22 CHARLES DURKOT, E.A.2022-07-22
0012020-01-01CHARLES DURKOT, E.A.2021-10-09 CHARLES DURKOT, E.A.2021-10-09
0012019-01-01CHARLES DURKOT, E.A.2020-10-08 CHARLES DURKOT, E.A.2020-10-08
0012018-01-01CHARLES DURKOT, E.A.2019-10-10 CHARLES DUIRKOT, E.A.2019-10-10
0012017-01-01MARTIN EVANS, ERPA2018-10-15 MARTIN EVANS, ERPA2018-10-15
0012016-01-01MARTIN EVANS, ERPA2017-10-13 MARTIN EVANS, ERPA2017-10-13
0012016-01-01MARTIN EVANS, ERPA2018-07-17 MARTIN EVANS, ERPA2018-07-17
0012015-01-01CHARLES DURKOT, E.A. CHARLES DURKOT, E.A.2016-10-13
0012014-01-01CHARLES DURKOT, E.A. CHARLES DURKOT, E.A.2015-10-14
0012013-01-01CHARLES DURKOT, E.A.2014-07-23 CHARLES DURKOT, E.A.2014-07-23

Plan Statistics for MIDWEST INDUSTRIAL CONTRACT SERVICES 401(K) PLAN

401k plan membership statisitcs for MIDWEST INDUSTRIAL CONTRACT SERVICES 401(K) PLAN

Measure Date Value
2015: MIDWEST INDUSTRIAL CONTRACT SERVICES 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01140
Total number of active participants reported on line 7a of the Form 55002015-01-0190
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-015
Total of all active and inactive participants2015-01-0195
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0195
Number of participants with account balances2015-01-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0129
2014: MIDWEST INDUSTRIAL CONTRACT SERVICES 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01143
Total number of active participants reported on line 7a of the Form 55002014-01-01112
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0119
Total of all active and inactive participants2014-01-01131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01131
Number of participants with account balances2014-01-01102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0125

Financial Data on MIDWEST INDUSTRIAL CONTRACT SERVICES 401(K) PLAN

Measure Date Value
2015 : MIDWEST INDUSTRIAL CONTRACT SERVICES 401(K) PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$115,207
Total of all expenses incurred2015-12-31$110,726
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$84,626
Value of total corrective distributions2015-12-31$18,688
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$115,523
Value of total assets at end of year2015-12-31$346,167
Value of total assets at beginning of year2015-12-31$341,686
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$7,412
Total interest from all sources2015-12-31$270
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Administrative expenses professional fees incurred2015-12-31$0
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$50,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$103,337
Participant contributions at end of year2015-12-31$1,464
Participant contributions at beginning of year2015-12-31$3,060
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$729
Assets. Loans (other than to participants) at end of year2015-12-31$4,314
Assets. Loans (other than to participants) at beginning of year2015-12-31$4,345
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$4,481
Value of net assets at end of year (total assets less liabilities)2015-12-31$346,167
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$341,686
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$327,069
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$320,821
Interest on participant loans2015-12-31$270
Value of interest in common/collective trusts at end of year2015-12-31$13,099
Value of interest in common/collective trusts at beginning of year2015-12-31$12,873
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-566
Net investment gain or loss from common/collective trusts2015-12-31$-20
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$11,457
Employer contributions (assets) at end of year2015-12-31$221
Employer contributions (assets) at beginning of year2015-12-31$587
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$84,626
Contract administrator fees2015-12-31$7,412
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31HD DAVIS CPAS, LLC
Accountancy firm EIN2015-12-31452908935
2014 : MIDWEST INDUSTRIAL CONTRACT SERVICES 401(K) PLAN 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$226,744
Total of all expenses incurred2014-12-31$57,956
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$50,390
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$213,666
Value of total assets at end of year2014-12-31$341,686
Value of total assets at beginning of year2014-12-31$172,898
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$7,566
Total interest from all sources2014-12-31$103
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$50,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$176,502
Participant contributions at end of year2014-12-31$3,060
Participant contributions at beginning of year2014-12-31$4,778
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$3,427
Assets. Loans (other than to participants) at end of year2014-12-31$4,345
Assets. Loans (other than to participants) at beginning of year2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$168,788
Value of net assets at end of year (total assets less liabilities)2014-12-31$341,686
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$172,898
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$320,821
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$160,712
Interest on participant loans2014-12-31$103
Value of interest in common/collective trusts at end of year2014-12-31$12,873
Value of interest in common/collective trusts at beginning of year2014-12-31$4,955
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$13,117
Net investment gain or loss from common/collective trusts2014-12-31$-142
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31Yes
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$33,737
Employer contributions (assets) at end of year2014-12-31$587
Employer contributions (assets) at beginning of year2014-12-31$2,453
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$50,390
Contract administrator fees2014-12-31$7,566
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31HD DAVIS CPAS, LLC
Accountancy firm EIN2014-12-31452908935

Form 5500 Responses for MIDWEST INDUSTRIAL CONTRACT SERVICES 401(K) PLAN

2015: MIDWEST INDUSTRIAL CONTRACT SERVICES 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: MIDWEST INDUSTRIAL CONTRACT SERVICES 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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