401k Plan data: MAINE COASTAL INNS, INC. 401(K) PLAN plan

MAINE COASTAL INNS, INC. 401(K) PLAN 401k Plan overview

Plan Name	MAINE COASTAL INNS, INC. 401(K) PLAN
Plan identification number	001

MAINE COASTAL INNS, INC. 401(K) PLAN Benefits

401k Plan Type

Defined 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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

MAINE COASTAL INNS, INC. has sponsored the creation of one or more 401k plans.

Company Name: MAINE COASTAL INNS, INC.

Employer identification number (EIN): 473687520

NAIC Classification: 721191
NAIC Description: Bed-and-Breakfast Inns

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAINE COASTAL INNS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2022-01-01 THOMAS RAU
001 2021-01-01
001 2021-01-01 THOMAS E RAU
001 2020-01-01
001 2019-01-01
001 2018-01-01 THOMAS E RAU THOMAS E RAU 2019-06-02
001 2017-01-01 THOMAS RAU THOMAS RAU 2018-06-15
001 2016-01-01 THOMAS E RAU THOMAS E RAU 2017-06-16
001 2015-04-09 THOMAS E RAU THOMAS E RAU 2016-07-22

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2022-01-01	THOMAS RAU
001	2021-01-01
001	2021-01-01	THOMAS E RAU
001	2020-01-01
001	2019-01-01
001	2018-01-01	THOMAS E RAU	THOMAS E RAU	2019-06-02
001	2017-01-01	THOMAS RAU	THOMAS RAU	2018-06-15
001	2016-01-01	THOMAS E RAU	THOMAS E RAU	2017-06-16
001	2015-04-09	THOMAS E RAU	THOMAS E RAU	2016-07-22

Financial Data on MAINE COASTAL INNS, INC. 401(K) PLAN

Measure	Date	Value
2022 : MAINE COASTAL INNS, INC. 401(K) PLAN 2022 401k financial data
Transfers to/from the plan	2022-07-11	$0
Total plan liabilities at beginning of year	2022-07-11	$0
Total income from all sources	2022-07-11	$-200,948
Expenses. Total of all expenses incurred	2022-07-11	$11,671
Benefits paid (including direct rollovers)	2022-07-11	$11,671
Total plan assets at end of year	2022-07-11	$0
Total plan assets at beginning of year	2022-07-11	$212,619
Value of fidelity bond covering the plan	2022-07-11	$30,000
Total contributions received or receivable from participants	2022-07-11	$0
Expenses. Other expenses not covered elsewhere	2022-07-11	$0
Contributions received from other sources (not participants or employers)	2022-07-11	$0
Other income received	2022-07-11	$-200,948
Noncash contributions received	2022-07-11	$0
Net income (gross income less expenses)	2022-07-11	$-212,619
Net plan assets at end of year (total assets less liabilities)	2022-07-11	$0
Net plan assets at beginning of year (total assets less liabilities)	2022-07-11	$212,619
Assets. Value of employer securities	2022-07-11	$0
Total contributions received or receivable from employer(s)	2022-07-11	$0
Value of certain deemed distributions of participant loans	2022-07-11	$0
Value of corrective distributions	2022-07-11	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-07-11	$0
2021 : MAINE COASTAL INNS, INC. 401(K) PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$438,113
Expenses. Total of all expenses incurred	2021-12-31	$387,884
Benefits paid (including direct rollovers)	2021-12-31	$387,884
Total plan assets at end of year	2021-12-31	$212,619
Total plan assets at beginning of year	2021-12-31	$162,390
Value of fidelity bond covering the plan	2021-12-31	$30,000
Total contributions received or receivable from participants	2021-12-31	$0
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$0
Other income received	2021-12-31	$438,113
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$50,229
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$212,619
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$162,390
Assets. Value of employer securities	2021-12-31	$212,619
Total contributions received or receivable from employer(s)	2021-12-31	$0
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : MAINE COASTAL INNS, INC. 401(K) PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$-91,582
Expenses. Total of all expenses incurred	2020-12-31	$0
Benefits paid (including direct rollovers)	2020-12-31	$0
Total plan assets at end of year	2020-12-31	$162,390
Total plan assets at beginning of year	2020-12-31	$253,972
Value of fidelity bond covering the plan	2020-12-31	$30,000
Total contributions received or receivable from participants	2020-12-31	$0
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$0
Other income received	2020-12-31	$-91,582
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$-91,582
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$162,390
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$253,972
Assets. Value of employer securities	2020-12-31	$162,390
Total contributions received or receivable from employer(s)	2020-12-31	$0
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$0
2019 : MAINE COASTAL INNS, INC. 401(K) PLAN 2019 401k financial data
Transfers to/from the plan	2019-12-31	$0
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$21,774
Expenses. Total of all expenses incurred	2019-12-31	$0
Benefits paid (including direct rollovers)	2019-12-31	$0
Total plan assets at end of year	2019-12-31	$253,972
Total plan assets at beginning of year	2019-12-31	$232,198
Value of fidelity bond covering the plan	2019-12-31	$30,000
Total contributions received or receivable from participants	2019-12-31	$0
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$0
Other income received	2019-12-31	$21,774
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$21,774
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$253,972
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$232,198
Assets. Value of employer securities	2019-12-31	$253,972
Total contributions received or receivable from employer(s)	2019-12-31	$0
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$0
2018 : MAINE COASTAL INNS, INC. 401(K) PLAN 2018 401k financial data
Transfers to/from the plan	2018-12-31	$0
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$42,254
Expenses. Total of all expenses incurred	2018-12-31	$0
Benefits paid (including direct rollovers)	2018-12-31	$0
Total plan assets at end of year	2018-12-31	$232,198
Total plan assets at beginning of year	2018-12-31	$189,944
Value of fidelity bond covering the plan	2018-12-31	$30,000
Total contributions received or receivable from participants	2018-12-31	$0
Expenses. Other expenses not covered elsewhere	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$0
Other income received	2018-12-31	$42,254
Noncash contributions received	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$42,254
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$232,198
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$189,944
Assets. Value of employer securities	2018-12-31	$232,198
Total contributions received or receivable from employer(s)	2018-12-31	$0
Value of certain deemed distributions of participant loans	2018-12-31	$0
Value of corrective distributions	2018-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$0
2017 : MAINE COASTAL INNS, INC. 401(K) PLAN 2017 401k financial data
Transfers to/from the plan	2017-12-31	$0
Total plan liabilities at end of year	2017-12-31	$0
Total plan liabilities at beginning of year	2017-12-31	$0
Total income from all sources	2017-12-31	$-22,820
Expenses. Total of all expenses incurred	2017-12-31	$0
Benefits paid (including direct rollovers)	2017-12-31	$0
Total plan assets at end of year	2017-12-31	$189,944
Total plan assets at beginning of year	2017-12-31	$212,764
Value of fidelity bond covering the plan	2017-12-31	$30,000
Total contributions received or receivable from participants	2017-12-31	$0
Expenses. Other expenses not covered elsewhere	2017-12-31	$0
Contributions received from other sources (not participants or employers)	2017-12-31	$0
Other income received	2017-12-31	$-22,820
Noncash contributions received	2017-12-31	$0
Net income (gross income less expenses)	2017-12-31	$-22,820
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$189,944
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$212,764
Assets. Value of employer securities	2017-12-31	$189,944
Total contributions received or receivable from employer(s)	2017-12-31	$0
Value of certain deemed distributions of participant loans	2017-12-31	$0
Value of corrective distributions	2017-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$0
2016 : MAINE COASTAL INNS, INC. 401(K) PLAN 2016 401k financial data
Transfers to/from the plan	2016-12-31	$0
Total plan liabilities at end of year	2016-12-31	$0
Total plan liabilities at beginning of year	2016-12-31	$0
Total income from all sources	2016-12-31	$-56,488
Expenses. Total of all expenses incurred	2016-12-31	$0
Benefits paid (including direct rollovers)	2016-12-31	$0
Total plan assets at end of year	2016-12-31	$212,764
Total plan assets at beginning of year	2016-12-31	$269,252
Value of fidelity bond covering the plan	2016-12-31	$30,000
Total contributions received or receivable from participants	2016-12-31	$0
Expenses. Other expenses not covered elsewhere	2016-12-31	$0
Contributions received from other sources (not participants or employers)	2016-12-31	$0
Other income received	2016-12-31	$-56,488
Noncash contributions received	2016-12-31	$0
Net income (gross income less expenses)	2016-12-31	$-56,488
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$212,764
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$269,252
Assets. Value of employer securities	2016-12-31	$212,764
Total contributions received or receivable from employer(s)	2016-12-31	$0
Value of certain deemed distributions of participant loans	2016-12-31	$0
Value of corrective distributions	2016-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$0
2015 : MAINE COASTAL INNS, INC. 401(K) PLAN 2015 401k financial data
Total plan liabilities at end of year	2015-12-31	$0
Total plan liabilities at beginning of year	2015-12-31	$0
Total income from all sources	2015-12-31	$269,262
Expenses. Total of all expenses incurred	2015-12-31	$10
Benefits paid (including direct rollovers)	2015-12-31	$0
Total plan assets at end of year	2015-12-31	$269,252
Total plan assets at beginning of year	2015-12-31	$0
Total contributions received or receivable from participants	2015-12-31	$0
Expenses. Other expenses not covered elsewhere	2015-12-31	$10
Contributions received from other sources (not participants or employers)	2015-12-31	$238,830
Other income received	2015-12-31	$30,432
Noncash contributions received	2015-12-31	$0
Net income (gross income less expenses)	2015-12-31	$269,252
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$269,252
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$0
Assets. Value of employer securities	2015-12-31	$269,252
Total contributions received or receivable from employer(s)	2015-12-31	$0
Value of certain deemed distributions of participant loans	2015-12-31	$0
Value of corrective distributions	2015-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$0

Form 5500 Responses for MAINE COASTAL INNS, INC. 401(K) PLAN

2022: MAINE COASTAL INNS, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	Yes
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: MAINE COASTAL INNS, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: MAINE COASTAL INNS, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: MAINE COASTAL INNS, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: MAINE COASTAL INNS, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: MAINE COASTAL INNS, INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: MAINE COASTAL INNS, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: MAINE COASTAL INNS, INC. 401(K) PLAN 2015 form 5500 responses
2015-04-09	Type of plan entity	Single employer plan
2015-04-09	First time form 5500 has been submitted	Yes
2015-04-09	Submission has been amended	No
2015-04-09	This submission is the final filing	No
2015-04-09	This return/report is a short plan year return/report (less than 12 months)	Yes
2015-04-09	Plan is a collectively bargained plan	No
2015-04-09	Plan funding arrangement – Trust	Yes
2015-04-09	Plan benefit arrangement - Trust	Yes

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Company Name:	MAINE COASTAL INNS, INC.
Employer identification number (EIN):	473687520
NAIC Classification:	721191
NAIC Description:	Bed-and-Breakfast Inns