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MONROE COUNTY BUSINESS DEVELOPMENT CORPORATION 401k Plan overview

Plan NameMONROE COUNTY BUSINESS DEVELOPMENT CORPORATION
Plan identification number 001

MONROE COUNTY BUSINESS DEVELOPMENT CORPORATION Benefits

401k Plan TypeDefined 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).
  • 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 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
  • Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.
  • 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

MONROE COUNTY BUSINESS DEVELOPMENT CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:MONROE COUNTY BUSINESS DEVELOPMENT CORPORATION
Employer identification number (EIN):382415486
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Additional information about MONROE COUNTY BUSINESS DEVELOPMENT CORPORATION

Jurisdiction of Incorporation: Michigan Department of Licensing & Regulatory Affairs
Incorporation Date:
Company Identification Number: 878036

More information about MONROE COUNTY BUSINESS DEVELOPMENT CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MONROE COUNTY BUSINESS DEVELOPMENT CORPORATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01TIM C. LAKE, PRESIDENT & CEO2020-03-25
0012013-01-01TIM LAKE
0012012-01-01TIM LAKE
0012011-01-01TIM LAKE TIM LAKE2012-03-15
0012010-01-01WILLIAM MORRIS WILLIAM MORRIS2011-03-17
0012009-01-01WILLIAM MORRIS WILLIAM MORRIS2010-07-26

Financial Data on MONROE COUNTY BUSINESS DEVELOPMENT CORPORATION

Measure Date Value
2013 : MONROE COUNTY BUSINESS DEVELOPMENT CORPORATION 2013 401k financial data
Transfers to/from the plan2013-12-31$-15,049
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$918
Expenses. Total of all expenses incurred2013-12-31$15
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$0
Total plan assets at beginning of year2013-12-31$14,146
Total contributions received or receivable from participants2013-12-31$0
Expenses. Other expenses not covered elsewhere2013-12-31$15
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$918
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$903
Net plan assets at end of year (total assets less liabilities)2013-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$14,146
Total contributions received or receivable from employer(s)2013-12-31$0
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$0

Form 5500 Responses for MONROE COUNTY BUSINESS DEVELOPMENT CORPORATION

2013: MONROE COUNTY BUSINESS DEVELOPMENT CORPORATION 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingYes
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MONROE COUNTY BUSINESS DEVELOPMENT CORPORATION 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MONROE COUNTY BUSINESS DEVELOPMENT CORPORATION 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: MONROE COUNTY BUSINESS DEVELOPMENT CORPORATION 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: MONROE COUNTY BUSINESS DEVELOPMENT CORPORATION 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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