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MASA GLOBAL 401(K) PLAN 401k Plan overview

Plan NameMASA GLOBAL 401(K) PLAN
Plan identification number 001

MASA GLOBAL 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MEDICAL AIR SERVICES ASSOCIATION, INC. has sponsored the creation of one or more 401k plans.

Company Name:MEDICAL AIR SERVICES ASSOCIATION, INC.
Employer identification number (EIN):731267483
NAIC Classification:524290

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MASA GLOBAL 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01LAURA BREWSTER
0012023-01-01
0012023-01-01LAURA BREWSTER

Financial Data on MASA GLOBAL 401(K) PLAN

Measure Date Value
2023 : MASA GLOBAL 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$2,639,338
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$809,669
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$800,337
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$1,921,438
Value of total assets at end of year2023-12-31$5,694,104
Value of total assets at beginning of year2023-12-31$3,864,435
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$9,332
Total interest from all sources2023-12-31$8,468
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$2,512
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$2,512
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$1,292,393
Participant contributions at end of year2023-12-31$140,859
Participant contributions at beginning of year2023-12-31$103,908
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$159,909
Administrative expenses (other) incurred2023-12-31$2,950
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$1,829,669
Value of net assets at end of year (total assets less liabilities)2023-12-31$5,694,104
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$3,864,435
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$362
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$5,553,245
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$3,760,527
Interest on participant loans2023-12-31$8,468
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$706,920
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$469,136
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$800,337
Contract administrator fees2023-12-31$6,020
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31KSDT & COMPANY
Accountancy firm EIN2023-12-31260547877
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$2,639,338
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$809,669
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$800,337
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$1,921,438
Value of total assets at end of year2023-01-01$5,694,104
Value of total assets at beginning of year2023-01-01$3,864,435
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$9,332
Total interest from all sources2023-01-01$8,468
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$2,512
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$2,512
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$500,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$1,292,393
Participant contributions at end of year2023-01-01$140,859
Participant contributions at beginning of year2023-01-01$103,908
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$159,909
Administrative expenses (other) incurred2023-01-01$2,950
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$1,829,669
Value of net assets at end of year (total assets less liabilities)2023-01-01$5,694,104
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$3,864,435
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Investment advisory and management fees2023-01-01$362
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$5,553,245
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$3,760,527
Interest on participant loans2023-01-01$8,468
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$706,920
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$469,136
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$800,337
Contract administrator fees2023-01-01$6,020
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01KSDT & COMPANY
Accountancy firm EIN2023-01-01260547877

Form 5500 Responses for MASA GLOBAL 401(K) PLAN

2023: MASA GLOBAL 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81J009
Policy instance 1
Insurance contract or identification number81J009
Number of Individuals Covered337
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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