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MOTOR CITY TITLE AGENCY 401(K) PLAN 401k Plan overview

Plan NameMOTOR CITY TITLE AGENCY 401(K) PLAN
Plan identification number 001

MOTOR CITY TITLE AGENCY 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.
  • Plan covering Self-Employed individuals.
  • 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

MOTOR CITY TITLE AGENCY, LLC has sponsored the creation of one or more 401k plans.

Company Name:MOTOR CITY TITLE AGENCY, LLC
Employer identification number (EIN):472579746
NAIC Classification:531210
NAIC Description:Offices of Real Estate Agents and Brokers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MOTOR CITY TITLE AGENCY 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01QIAN LIU2024-06-18
0012022-01-01
0012021-01-01PATRICIA PHILLIPS2022-06-02
0012020-01-01PATTY PHILLIP2021-04-08
0012019-01-01EDWARD ROJAS2020-04-15
0012017-01-01PATRICIA PHILLIPS2018-06-19
0012016-01-01KARLA WESTRA2017-06-21

Plan Statistics for MOTOR CITY TITLE AGENCY 401(K) PLAN

401k plan membership statisitcs for MOTOR CITY TITLE AGENCY 401(K) PLAN

Measure Date Value
2025: MOTOR CITY TITLE AGENCY 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-04-1847
Total number of particpants at end of year2025-04-1849
Number of Participants With Account Balances2025-04-1849
2024: MOTOR CITY TITLE AGENCY 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-1854
Total number of particpants at end of year2024-06-1846
Number of Participants With Account Balances2024-06-1843
2022: MOTOR CITY TITLE AGENCY 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-0273
Total number of particpants at end of year2022-06-0266
Number of Participants With Account Balances2022-06-0248

Financial Data on MOTOR CITY TITLE AGENCY 401(K) PLAN

Measure Date Value
2025 : MOTOR CITY TITLE AGENCY 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-04-180
Total liabilities as of the end of the plan year2025-04-180
Total liabilities as of the beginning of the plan year2025-04-180
Total expenses incurred by plan in this plan year2025-04-18198492
Net assets as of the end of the plan year2025-04-18801617
Total assets as of the beginning of the plan year2025-04-18742979
Value of plan covered by a fidelity bond2025-04-18917471694
Participant contributions to plan in this plan year2025-04-18103437
Value of participant loans at end of plan year2025-04-1826105
Other expenses paid from plan in this plan year2025-04-180
Other contributions to plan in this plan year2025-04-187212
Other income to plan in this plan year2025-04-1876882
Plan net income in this plan year2025-04-1858638
Net assets as of the end of the plan year2025-04-18801617
Net assets as of the beginning of the plan year2025-04-18742979
Value of contributions failed to transmitted timely2025-04-180
Employer contributions to plan in this plan year2025-04-1869599
Fees paid to broker by Benefit Provider2025-04-180
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-181380
2024 : MOTOR CITY TITLE AGENCY 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-180
Total liabilities as of the end of the plan year2024-06-180
Total liabilities as of the beginning of the plan year2024-06-180
Total expenses incurred by plan in this plan year2024-06-1877441
Net assets as of the end of the plan year2024-06-18742979
Total assets as of the beginning of the plan year2024-06-18566754
Value of plan covered by a fidelity bond2024-06-18705050000
Participant contributions to plan in this plan year2024-06-18100240
Value of participant loans at end of plan year2024-06-1830159
Other expenses paid from plan in this plan year2024-06-180
Other contributions to plan in this plan year2024-06-180
Other income to plan in this plan year2024-06-1892448
Plan net income in this plan year2024-06-18176225
Net assets as of the end of the plan year2024-06-18742979
Net assets as of the beginning of the plan year2024-06-18566754
Value of contributions failed to transmitted timely2024-06-180
Employer contributions to plan in this plan year2024-06-1860978
Fees paid to broker by Benefit Provider2024-06-180
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-181280
2022 : MOTOR CITY TITLE AGENCY 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-0249069
Net assets as of the end of the plan year2022-06-02567733
Total assets as of the beginning of the plan year2022-06-02386607
Value of plan covered by a fidelity bond2022-06-0239000
Participant contributions to plan in this plan year2022-06-02145698
Value of participant loans at end of plan year2022-06-0212039
Other contributions to plan in this plan year2022-06-025735
Other income to plan in this plan year2022-06-0271887
Plan net income in this plan year2022-06-02181126
Net assets as of the end of the plan year2022-06-02567733
Net assets as of the beginning of the plan year2022-06-02386607
Employer contributions to plan in this plan year2022-06-026875
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-023128
2018 : MOTOR CITY TITLE AGENCY 401(K) PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
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$57,494
Expenses. Total of all expenses incurred2018-12-31$2,140
Benefits paid (including direct rollovers)2018-12-31$1,868
Total plan assets at end of year2018-12-31$102,944
Total plan assets at beginning of year2018-12-31$47,590
Value of fidelity bond covering the plan2018-12-31$0
Total contributions received or receivable from participants2018-12-31$44,093
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-7,750
Net income (gross income less expenses)2018-12-31$55,354
Net plan assets at end of year (total assets less liabilities)2018-12-31$102,944
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$47,590
Total contributions received or receivable from employer(s)2018-12-31$21,151
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$272

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