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MONTERREY TILE AZ LLC 401(K) PLAN 401k Plan overview

Plan NameMONTERREY TILE AZ LLC 401(K) PLAN
Plan identification number 003

MONTERREY TILE AZ LLC 401(K) 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
  • 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.
  • 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

MONTERREY TILE AZ LLC has sponsored the creation of one or more 401k plans.

Company Name:MONTERREY TILE AZ LLC
Employer identification number (EIN):822439808
NAIC Classification:444190
NAIC Description:Other Building Material Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MONTERREY TILE AZ LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032019-01-01LORRAINE UMPHREY2020-06-03
0032018-01-01LORRAINE UMPHREY2020-06-03

Financial Data on MONTERREY TILE AZ LLC 401(K) PLAN

Measure Date Value
2019 : MONTERREY TILE AZ LLC 401(K) PLAN 2019 401k financial data
Total income from all sources2019-12-31$347,312
Expenses. Total of all expenses incurred2019-12-31$88,357
Benefits paid (including direct rollovers)2019-12-31$83,245
Total plan assets at end of year2019-12-31$421,432
Total plan assets at beginning of year2019-12-31$162,477
Value of fidelity bond covering the plan2019-12-31$385,000
Total contributions received or receivable from participants2019-12-31$204,318
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$58,479
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$258,955
Net plan assets at end of year (total assets less liabilities)2019-12-31$421,432
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$162,477
Assets. Value of participant loans2019-12-31$6,073
Total contributions received or receivable from employer(s)2019-12-31$84,515
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$5,112
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : MONTERREY TILE AZ LLC 401(K) PLAN 2018 401k financial data
Total income from all sources2018-12-31$167,304
Expenses. Total of all expenses incurred2018-12-31$4,827
Benefits paid (including direct rollovers)2018-12-31$3,341
Total plan assets at end of year2018-12-31$162,477
Total plan assets at beginning of year2018-12-31$0
Value of fidelity bond covering the plan2018-12-31$385,000
Total contributions received or receivable from participants2018-12-31$116,174
Contributions received from other sources (not participants or employers)2018-12-31$5,481
Other income received2018-12-31$-11,252
Net income (gross income less expenses)2018-12-31$162,477
Net plan assets at end of year (total assets less liabilities)2018-12-31$162,477
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$0
Assets. Value of participant loans2018-12-31$3,086
Total contributions received or receivable from employer(s)2018-12-31$56,901
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$1,486
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0

Form 5500 Responses for MONTERREY TILE AZ LLC 401(K) PLAN

2019: MONTERREY TILE AZ LLC 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MONTERREY TILE AZ LLC 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01First time form 5500 has been submittedYes
2018-01-01Submission has been amendedYes
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number626686
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number626686
Policy instance 1

Potentially related plans

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