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MARKET ADVANTAGE, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameMARKET ADVANTAGE, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

MARKET ADVANTAGE, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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.
  • 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

MARKET ADVANTAGE, INC. has sponsored the creation of one or more 401k plans.

Company Name:MARKET ADVANTAGE, INC.
Employer identification number (EIN):384023654
NAIC Classification:519100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MARKET ADVANTAGE, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01
0012021-01-01ROBERT SPARROW
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-04ROBERT SPARROW

Financial Data on MARKET ADVANTAGE, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2021 : MARKET ADVANTAGE, INC. 401(K) PROFIT SHARING PLAN 2021 401k financial data
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$10,328
Expenses. Total of all expenses incurred2021-12-31$0
Benefits paid (including direct rollovers)2021-12-31$0
Total plan assets at end of year2021-12-31$75,705
Total plan assets at beginning of year2021-12-31$65,377
Total contributions received or receivable from participants2021-12-31$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$10,328
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$10,328
Net plan assets at end of year (total assets less liabilities)2021-12-31$75,705
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$65,377
Assets. Value of employer securities2021-12-31$10,322
Total contributions received or receivable from employer(s)2021-12-31$0
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$0
2020 : MARKET ADVANTAGE, INC. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$-613
Expenses. Total of all expenses incurred2020-12-31$0
Benefits paid (including direct rollovers)2020-12-31$0
Total plan assets at end of year2020-12-31$65,377
Total plan assets at beginning of year2020-12-31$65,990
Total contributions received or receivable from participants2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$-613
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$-613
Net plan assets at end of year (total assets less liabilities)2020-12-31$65,377
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$65,990
Assets. Value of employer securities2020-12-31$1
Total contributions received or receivable from employer(s)2020-12-31$0
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$0
2019 : MARKET ADVANTAGE, INC. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$-156,750
Expenses. Total of all expenses incurred2019-12-31$0
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$65,990
Total plan assets at beginning of year2019-12-31$222,740
Total contributions received or receivable from participants2019-12-31$0
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$-156,750
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$-156,750
Net plan assets at end of year (total assets less liabilities)2019-12-31$65,990
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$222,740
Assets. Value of employer securities2019-12-31$665
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$0
2018 : MARKET ADVANTAGE, INC. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-241,911
Expenses. Total of all expenses incurred2018-12-31$0
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$222,740
Total plan assets at beginning of year2018-12-31$464,651
Total contributions received or receivable from participants2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-241,911
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-241,911
Net plan assets at end of year (total assets less liabilities)2018-12-31$222,740
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$464,651
Assets. Value of employer securities2018-12-31$157,809
Total contributions received or receivable from employer(s)2018-12-31$0
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$0
2017 : MARKET ADVANTAGE, INC. 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$464,651
Expenses. Total of all expenses incurred2017-12-31$0
Benefits paid (including direct rollovers)2017-12-31$0
Total plan assets at end of year2017-12-31$464,651
Total plan assets at beginning of year2017-12-31$0
Total contributions received or receivable from participants2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$464,583
Other income received2017-12-31$68
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$464,651
Net plan assets at end of year (total assets less liabilities)2017-12-31$464,651
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$0
Assets. Value of employer securities2017-12-31$400,000
Total contributions received or receivable from employer(s)2017-12-31$0
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$0

Form 5500 Responses for MARKET ADVANTAGE, INC. 401(K) PROFIT SHARING PLAN

2021: MARKET ADVANTAGE, 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: MARKET ADVANTAGE, INC. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MARKET ADVANTAGE, 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: MARKET ADVANTAGE, 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: MARKET ADVANTAGE, INC. 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-04Type of plan entitySingle employer plan
2017-01-04First time form 5500 has been submittedYes
2017-01-04Submission has been amendedNo
2017-01-04This submission is the final filingNo
2017-01-04This return/report is a short plan year return/report (less than 12 months)Yes
2017-01-04Plan is a collectively bargained planNo
2017-01-04Plan funding arrangement – TrustYes
2017-01-04Plan benefit arrangement - TrustYes

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