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THE MART GROUP, LLC 401(K) PLAN 401k Plan overview

Plan NameTHE MART GROUP, LLC 401(K) PLAN
Plan identification number 001

THE MART GROUP, LLC 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.
  • 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

THE MART GROUP, LLC has sponsored the creation of one or more 401k plans.

Company Name:THE MART GROUP, LLC
Employer identification number (EIN):455630755
NAIC Classification:115110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE MART GROUP, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01KYLER CHEESMAN2023-10-13
0012021-01-01KYLER CHEESMAN2022-10-12 KYLER CHEESMAN2022-10-12
0012020-01-01KYLER CHEESMAN2021-09-23 KYLER CHEESMAN2021-09-23
0012019-02-01

Plan Statistics for THE MART GROUP, LLC 401(K) PLAN

401k plan membership statisitcs for THE MART GROUP, LLC 401(K) PLAN

Measure Date Value
2019: THE MART GROUP, LLC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-02-0195
Total number of active participants reported on line 7a of the Form 55002019-02-0177
Number of retired or separated participants receiving benefits2019-02-010
Number of other retired or separated participants entitled to future benefits2019-02-011
Total of all active and inactive participants2019-02-0178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-02-010
Total participants2019-02-0178
Number of participants with account balances2019-02-0126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-02-010

Financial Data on THE MART GROUP, LLC 401(K) PLAN

Measure Date Value
2019 : THE MART GROUP, LLC 401(K) 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$204,552
Expenses. Total of all expenses incurred2019-12-31$1,640
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$202,912
Total plan assets at beginning of year2019-12-31$0
Value of fidelity bond covering the plan2019-12-31$0
Total contributions received or receivable from participants2019-12-31$100,591
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$3,708
Other income received2019-12-31$16,127
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$202,912
Net plan assets at end of year (total assets less liabilities)2019-12-31$202,912
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$0
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2019-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2019-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022019-12-31$0
Total contributions received or receivable from employer(s)2019-12-31$84,126
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$1,640
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0

Form 5500 Responses for THE MART GROUP, LLC 401(K) PLAN

2019: THE MART GROUP, LLC 401(K) PLAN 2019 form 5500 responses
2019-02-01Type of plan entitySingle employer plan
2019-02-01First time form 5500 has been submittedYes
2019-02-01This submission is the final filingNo
2019-02-01This return/report is a short plan year return/report (less than 12 months)Yes
2019-02-01Plan is a collectively bargained planNo
2019-02-01Plan funding arrangement – InsuranceYes
2019-02-01Plan funding arrangement – TrustYes
2019-02-01Plan benefit arrangement – InsuranceYes
2019-02-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number468361
Policy instance 1
Insurance contract or identification number468361
Number of Individuals Covered78
Insurance policy start date2019-02-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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