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MAJESTIC METALS, INC. 401(K) RETIREMENT SAVINGS P AN 401k Plan overview

Plan NameMAJESTIC METALS, INC. 401(K) RETIREMENT SAVINGS P AN
Plan identification number 001

MAJESTIC METALS, INC. 401(K) RETIREMENT SAVINGS P AN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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

MAJESTIC METALS, INC. has sponsored the creation of one or more 401k plans.

Company Name:MAJESTIC METALS, INC.
Employer identification number (EIN):640443374
NAIC Classification:332300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAJESTIC METALS, INC. 401(K) RETIREMENT SAVINGS P AN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SCOTT HILL2024-07-30
0012022-01-01SCOTT HILL2023-07-19
0012021-01-01SCOTT HILL2022-07-29
0012020-01-01SCOTT HILL2021-07-29
0012019-01-01SCOTT HILL2020-07-30
0012018-01-01SCOTT HILL2019-07-31
0012017-01-01
0012016-01-01
0012015-01-01KILEY HALL-LEWIS2016-10-13 KILEY HALL-LEWIS2016-10-13
0012014-01-01KILEY HALL - LEWIS2015-10-06
0012013-01-01KILEY HALL - LEWIS2014-07-29
0012012-01-01KILEY HALL - LEWIS2013-09-26
0012011-01-01KILEY HALL - LEWIS2012-10-09
0012010-01-01KILEY HALL - LEWIS2011-10-14
0012009-07-01KILEY HALL - LEWIS KILEY HALL - LEWIS2010-07-22

Financial Data on MAJESTIC METALS, INC. 401(K) RETIREMENT SAVINGS P AN

Measure Date Value
2025 : MAJESTIC METALS, INC. 401(K) RETIREMENT SAVINGS P AN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-300
Total liabilities as of the end of the plan year2025-07-300
Total liabilities as of the beginning of the plan year2025-07-300
Total expenses incurred by plan in this plan year2025-07-3010458
Net assets as of the end of the plan year2025-07-301290716
Total assets as of the beginning of the plan year2025-07-301077527
Value of plan covered by a fidelity bond2025-07-30250000
Participant contributions to plan in this plan year2025-07-3042377
Other expenses paid from plan in this plan year2025-07-300
Other contributions to plan in this plan year2025-07-300
Other income to plan in this plan year2025-07-30170676
Plan net income in this plan year2025-07-30213189
Net assets as of the end of the plan year2025-07-301290716
Net assets as of the beginning of the plan year2025-07-301077527
Employer contributions to plan in this plan year2025-07-3010594
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-300
2024 : MAJESTIC METALS, INC. 401(K) RETIREMENT SAVINGS P AN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-300
Total liabilities as of the end of the plan year2024-07-300
Total liabilities as of the beginning of the plan year2024-07-300
Total expenses incurred by plan in this plan year2024-07-30409751
Net assets as of the end of the plan year2024-07-301077527
Total assets as of the beginning of the plan year2024-07-301266126
Value of plan covered by a fidelity bond2024-07-30250000
Participant contributions to plan in this plan year2024-07-3042100
Other expenses paid from plan in this plan year2024-07-300
Other contributions to plan in this plan year2024-07-300
Other income to plan in this plan year2024-07-30168625
Plan net income in this plan year2024-07-30-188599
Net assets as of the end of the plan year2024-07-301077527
Net assets as of the beginning of the plan year2024-07-301266126
Employer contributions to plan in this plan year2024-07-3010427
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-300
2009 : MAJESTIC METALS, INC. 401(K) RETIREMENT SAVINGS P AN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for MAJESTIC METALS, INC. 401(K) RETIREMENT SAVINGS P AN

2009: MAJESTIC METALS, INC. 401(K) RETIREMENT SAVINGS P AN 2009 form 5500 responses
2009-07-01Type of plan entitySingle employer plan
2009-07-01Submission has been amendedNo
2009-07-01This submission is the final filingNo
2009-07-01This return/report is a short plan year return/report (less than 12 months)Yes
2009-07-01Plan is a collectively bargained planNo
2009-07-01Plan funding arrangement – InsuranceYes
2009-07-01Plan funding arrangement – TrustYes
2009-07-01Plan benefit arrangement – InsuranceYes
2009-07-01Plan benefit arrangement - TrustYes

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