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MTI, INC. 401(K) PLAN 401k Plan overview

Plan NameMTI, INC. 401(K) PLAN
Plan identification number 001

MTI, INC. 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 TELEMARK INTERNATIONAL, INC. has sponsored the creation of one or more 401k plans.

Company Name:MIDWEST TELEMARK INTERNATIONAL, INC.
Employer identification number (EIN):470740551
NAIC Classification:561420

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MTI, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01KATHY HETT KATHY HETT2015-08-21
0012013-01-01KATHY HETT KATHY HETT2014-10-14
0012012-01-01KATHY HETT KATHY HETT2013-07-16
0012011-01-01KATHY HETT KATHY HETT2012-08-15
0012010-01-01KATHY HETT KATHY HETT2011-08-29
0012009-01-01KATHY HETT KATHY HETT2010-09-30

Plan Statistics for MTI, INC. 401(K) PLAN

401k plan membership statisitcs for MTI, INC. 401(K) PLAN

Measure Date Value
2014: MTI, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01108
Total number of active participants reported on line 7a of the Form 55002014-01-0186
Number of retired or separated participants receiving benefits2014-01-0110
Total of all active and inactive participants2014-01-0196
Total participants2014-01-0196
Number of participants with account balances2014-01-0172
2013: MTI, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01143
Total number of active participants reported on line 7a of the Form 55002013-01-0154
Number of retired or separated participants receiving benefits2013-01-017
Number of other retired or separated participants entitled to future benefits2013-01-0147
Total of all active and inactive participants2013-01-01108
Total participants2013-01-01108
Number of participants with account balances2013-01-0188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-017
2012: MTI, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01198
Total number of active participants reported on line 7a of the Form 55002012-01-0181
Number of retired or separated participants receiving benefits2012-01-011
Number of other retired or separated participants entitled to future benefits2012-01-0161
Total of all active and inactive participants2012-01-01143
Total participants2012-01-01143
Number of participants with account balances2012-01-01119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0127
2011: MTI, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01223
Total number of active participants reported on line 7a of the Form 55002011-01-01143
Number of retired or separated participants receiving benefits2011-01-012
Number of other retired or separated participants entitled to future benefits2011-01-0156
Total of all active and inactive participants2011-01-01201
Total participants2011-01-01201
Number of participants with account balances2011-01-01163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0138
2010: MTI, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01224
Total number of active participants reported on line 7a of the Form 55002010-01-01191
Number of other retired or separated participants entitled to future benefits2010-01-0131
Total of all active and inactive participants2010-01-01222
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-011
Total participants2010-01-01223
Number of participants with account balances2010-01-01167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0121
2009: MTI, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01301
Total number of active participants reported on line 7a of the Form 55002009-01-01229
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0122
Total of all active and inactive participants2009-01-01251
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-01252
Number of participants with account balances2009-01-01162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0124

Financial Data on MTI, INC. 401(K) PLAN

Measure Date Value
2014 : MTI, INC. 401(K) PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$-213,380
Total unrealized appreciation/depreciation of assets2014-12-31$-213,380
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$12,702
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$16,058
Total income from all sources (including contributions)2014-12-31$174,618
Total of all expenses incurred2014-12-31$426,902
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$396,186
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$26,396
Value of total assets at end of year2014-12-31$1,476,747
Value of total assets at beginning of year2014-12-31$1,732,387
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$30,716
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$114,393
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$114,393
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$220,000
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$26,396
Participant contributions at end of year2014-12-31$501
Participant contributions at beginning of year2014-12-31$1,146
Liabilities. Value of operating payables at end of year2014-12-31$12,702
Liabilities. Value of operating payables at beginning of year2014-12-31$16,058
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-252,284
Value of net assets at end of year (total assets less liabilities)2014-12-31$1,464,045
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$1,716,329
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
Investment advisory and management fees2014-12-31$30,716
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$1,436,645
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$1,677,733
Value of interest in common/collective trusts at end of year2014-12-31$23,890
Value of interest in common/collective trusts at beginning of year2014-12-31$33,193
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$15,711
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$20,315
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$20,315
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$247,209
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 contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$396,186
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31No
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 name2014-12-31EIDE BAILLY, LLP
Accountancy firm EIN2014-12-31450250958
2013 : MTI, INC. 401(K) PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$303,685
Total unrealized appreciation/depreciation of assets2013-12-31$303,685
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$16,058
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$10,652
Total income from all sources (including contributions)2013-12-31$419,610
Total of all expenses incurred2013-12-31$226,144
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$200,531
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$41,139
Value of total assets at end of year2013-12-31$1,732,387
Value of total assets at beginning of year2013-12-31$1,533,515
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$25,613
Total interest from all sources2013-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$74,786
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$74,786
Administrative expenses professional fees incurred2013-12-31$0
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$220,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$41,139
Participant contributions at end of year2013-12-31$1,146
Participant contributions at beginning of year2013-12-31$2,414
Liabilities. Value of operating payables at end of year2013-12-31$16,058
Liabilities. Value of operating payables at beginning of year2013-12-31$10,652
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$193,466
Value of net assets at end of year (total assets less liabilities)2013-12-31$1,716,329
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$1,522,863
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$25,613
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$1,677,733
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$1,469,721
Value of interest in common/collective trusts at end of year2013-12-31$33,193
Value of interest in common/collective trusts at beginning of year2013-12-31$36,233
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$20,315
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$25,147
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$25,147
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$200,531
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31EIDE BAILLY, LLP
Accountancy firm EIN2013-12-31450250958
2012 : MTI, INC. 401(K) PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$176,292
Total unrealized appreciation/depreciation of assets2012-12-31$176,292
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$10,652
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$14,443
Total income from all sources (including contributions)2012-12-31$344,492
Total of all expenses incurred2012-12-31$446,454
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$416,930
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$126,009
Value of total assets at end of year2012-12-31$1,533,515
Value of total assets at beginning of year2012-12-31$1,639,268
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$29,524
Total interest from all sources2012-12-31$45
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$42,146
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$42,146
Administrative expenses professional fees incurred2012-12-31$8,000
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$220,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$118,535
Participant contributions at end of year2012-12-31$2,414
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$1,280
Liabilities. Value of operating payables at end of year2012-12-31$10,652
Liabilities. Value of operating payables at beginning of year2012-12-31$13,163
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-101,962
Value of net assets at end of year (total assets less liabilities)2012-12-31$1,522,863
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$1,624,825
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$21,524
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$1,469,721
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$1,540,364
Value of interest in common/collective trusts at end of year2012-12-31$36,233
Value of interest in common/collective trusts at beginning of year2012-12-31$68,588
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$25,147
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$30,039
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$30,039
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$45
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$7,474
Employer contributions (assets) at beginning of year2012-12-31$277
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$416,930
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31EIDE BAILLY
Accountancy firm EIN2012-12-31450458558
2011 : MTI, INC. 401(K) PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-78,224
Total unrealized appreciation/depreciation of assets2011-12-31$-78,224
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$14,443
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$16,410
Total income from all sources (including contributions)2011-12-31$218,796
Total of all expenses incurred2011-12-31$360,789
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$330,402
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$239,044
Value of total assets at end of year2011-12-31$1,639,268
Value of total assets at beginning of year2011-12-31$1,783,228
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$30,387
Total interest from all sources2011-12-31$35
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$57,941
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$57,941
Administrative expenses professional fees incurred2011-12-31$8,000
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$220,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$182,433
Participant contributions at beginning of year2011-12-31$12,951
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$1,280
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$3,225
Liabilities. Value of operating payables at end of year2011-12-31$13,163
Liabilities. Value of operating payables at beginning of year2011-12-31$13,185
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-141,993
Value of net assets at end of year (total assets less liabilities)2011-12-31$1,624,825
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$1,766,818
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$22,387
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$1,540,364
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$1,691,068
Value of interest in common/collective trusts at end of year2011-12-31$68,588
Value of interest in common/collective trusts at beginning of year2011-12-31$49,390
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$30,039
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$29,472
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$29,472
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$35
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31Yes
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$56,611
Employer contributions (assets) at end of year2011-12-31$277
Employer contributions (assets) at beginning of year2011-12-31$347
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$330,402
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31EIDE BAILLY
Accountancy firm EIN2011-12-31450458558
2010 : MTI, INC. 401(K) PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$159,141
Total unrealized appreciation/depreciation of assets2010-12-31$159,141
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$16,410
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$4,735
Total income from all sources (including contributions)2010-12-31$442,833
Total of all expenses incurred2010-12-31$154,308
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$118,493
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$250,331
Value of total assets at end of year2010-12-31$1,783,228
Value of total assets at beginning of year2010-12-31$1,483,028
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$35,815
Total interest from all sources2010-12-31$116
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$33,245
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$22,500
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$220,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$195,013
Participant contributions at end of year2010-12-31$12,951
Participant contributions at beginning of year2010-12-31$8,170
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$3,225
Liabilities. Value of operating payables at end of year2010-12-31$13,185
Liabilities. Value of operating payables at beginning of year2010-12-31$4,735
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$288,525
Value of net assets at end of year (total assets less liabilities)2010-12-31$1,766,818
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$1,478,293
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$1,691,068
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,464,027
Value of interest in common/collective trusts at end of year2010-12-31$49,390
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$29,472
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$8,611
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$8,611
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$116
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$55,318
Employer contributions (assets) at end of year2010-12-31$347
Employer contributions (assets) at beginning of year2010-12-31$2,220
Income. Dividends from common stock2010-12-31$33,245
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$118,493
Contract administrator fees2010-12-31$13,315
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31EIDE BAILLY
Accountancy firm EIN2010-12-31450458558

Form 5500 Responses for MTI, INC. 401(K) PLAN

2014: MTI, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: MTI, INC. 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MTI, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MTI, INC. 401(K) PLAN 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: MTI, INC. 401(K) PLAN 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: MTI, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01This submission is the final filingNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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