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MOTOR CITY LAB WORKS, INC. RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameMOTOR CITY LAB WORKS, INC. RETIREMENT SAVINGS PLAN
Plan identification number 002

MOTOR CITY LAB WORKS, INC. RETIREMENT SAVINGS PLAN 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).
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MOTOR CITY LAB WORKS INC. has sponsored the creation of one or more 401k plans.

Company Name:MOTOR CITY LAB WORKS INC.
Employer identification number (EIN):472068975
NAIC Classification:621210
NAIC Description:Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MOTOR CITY LAB WORKS, INC. RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01

Plan Statistics for MOTOR CITY LAB WORKS, INC. RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for MOTOR CITY LAB WORKS, INC. RETIREMENT SAVINGS PLAN

Measure Date Value
2025: MOTOR CITY LAB WORKS, INC. RETIREMENT SAVINGS PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-0878
Total number of particpants at end of year2025-10-0881
Number of Participants With Account Balances2025-10-0878
2024: MOTOR CITY LAB WORKS, INC. RETIREMENT SAVINGS PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-2479
Total number of particpants at end of year2024-06-2478
Number of Participants With Account Balances2024-06-2477

Financial Data on MOTOR CITY LAB WORKS, INC. RETIREMENT SAVINGS PLAN

Measure Date Value
2025 : MOTOR CITY LAB WORKS, INC. RETIREMENT SAVINGS PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-0857358
Net assets as of the end of the plan year2025-10-086685760
Total assets as of the beginning of the plan year2025-10-085884969
Value of plan covered by a fidelity bond2025-10-08500000
Participant contributions to plan in this plan year2025-10-08141327
Value of participant loans at end of plan year2025-10-081046
Other contributions to plan in this plan year2025-10-08415
Other income to plan in this plan year2025-10-08663245
Plan net income in this plan year2025-10-08800791
Net assets as of the end of the plan year2025-10-086685760
Net assets as of the beginning of the plan year2025-10-085884969
Employer contributions to plan in this plan year2025-10-0853162
Fees paid to broker by Benefit Provider2025-10-0818902
2024 : MOTOR CITY LAB WORKS, INC. RETIREMENT SAVINGS PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-2440258
Net assets as of the end of the plan year2024-06-245884969
Total assets as of the beginning of the plan year2024-06-244999414
Value of plan covered by a fidelity bond2024-06-24500000
Participant contributions to plan in this plan year2024-06-2462516
Value of participant loans at end of plan year2024-06-241280
Other income to plan in this plan year2024-06-24802001
Plan net income in this plan year2024-06-24885555
Net assets as of the end of the plan year2024-06-245884969
Net assets as of the beginning of the plan year2024-06-244999414
Employer contributions to plan in this plan year2024-06-2461296
Fees paid to broker by Benefit Provider2024-06-2415871

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