401k Plan data: MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN plan

MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan Name	MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN
Plan identification number	001

MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Offset plan - Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
Profit-sharing
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
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

MARK DAVID VENTURES, INC. has sponsored the creation of one or more 401k plans.

Company Name: MARK DAVID VENTURES, INC.

Employer identification number (EIN): 831667251

NAIC Classification: 811110
NAIC Description: Automotive Mechanical and Electrical Repair and Maintenance

Additional information about MARK DAVID VENTURES, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 2018-08-14

Company Identification Number: P18000069515

Legal Registered Office Address: 328 Elliott Drive SE

Fort Walton Beach

32548

More information about MARK DAVID VENTURES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-08-23 MARK SEIFERT

Plan Statistics for MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2022: MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 0
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 0
Number of participants with account balances 2022-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 0
Number of retired or separated participants receiving benefits 2021-01-01 1
Number of other retired or separated participants entitled to future benefits 2021-01-01 1
Total of all active and inactive participants 2021-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 2
Number of participants with account balances 2021-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 5
2020: MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 5
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 5
Number of participants with account balances 2020-01-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 1
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 2
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 0
Total of all active and inactive participants 2019-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 2
Number of participants with account balances 2019-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-08-23 1
Total number of active participants reported on line 7a of the Form 5500 2018-08-23 1
Number of retired or separated participants receiving benefits 2018-08-23 0
Number of other retired or separated participants entitled to future benefits 2018-08-23 0
Total of all active and inactive participants 2018-08-23 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-08-23 0
Total participants 2018-08-23 1
Number of participants with account balances 2018-08-23 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-08-23 0

Measure	Date	Value
2022: MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	0
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	0
Number of participants with account balances	2022-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	0
Number of retired or separated participants receiving benefits	2021-01-01	1
Number of other retired or separated participants entitled to future benefits	2021-01-01	1
Total of all active and inactive participants	2021-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	2
Number of participants with account balances	2021-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	5
2020: MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	5
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	5
Number of participants with account balances	2020-01-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	1
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	2
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	0
Total of all active and inactive participants	2019-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	2
Number of participants with account balances	2019-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-08-23	1
Total number of active participants reported on line 7a of the Form 5500	2018-08-23	1
Number of retired or separated participants receiving benefits	2018-08-23	0
Number of other retired or separated participants entitled to future benefits	2018-08-23	0
Total of all active and inactive participants	2018-08-23	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-08-23	0
Total participants	2018-08-23	1
Number of participants with account balances	2018-08-23	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-08-23	0

Financial Data on MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN

Measure	Date	Value
2022 : MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources	2022-03-04	$0
Expenses. Total of all expenses incurred	2022-03-04	$29,712
Benefits paid (including direct rollovers)	2022-03-04	$29,712
Total plan assets at end of year	2022-03-04	$0
Total plan assets at beginning of year	2022-03-04	$29,712
Net income (gross income less expenses)	2022-03-04	$-29,712
Net plan assets at end of year (total assets less liabilities)	2022-03-04	$0
Net plan assets at beginning of year (total assets less liabilities)	2022-03-04	$29,712
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2022-03-04	$0
2021 : MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$-197,477
Expenses. Total of all expenses incurred	2021-12-31	$32,345
Benefits paid (including direct rollovers)	2021-12-31	$32,267
Total plan assets at end of year	2021-12-31	$29,712
Total plan assets at beginning of year	2021-12-31	$259,534
Total contributions received or receivable from participants	2021-12-31	$9,433
Expenses. Other expenses not covered elsewhere	2021-12-31	$78
Other income received	2021-12-31	$-214,870
Net income (gross income less expenses)	2021-12-31	$-229,822
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$29,712
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$259,534
Assets. Value of employer securities	2021-12-31	$21,176
Total contributions received or receivable from employer(s)	2021-12-31	$7,960
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$41,673
Expenses. Total of all expenses incurred	2020-12-31	$175
Benefits paid (including direct rollovers)	2020-12-31	$175
Total plan assets at end of year	2020-12-31	$259,534
Total plan assets at beginning of year	2020-12-31	$218,036
Total contributions received or receivable from participants	2020-12-31	$10,878
Other income received	2020-12-31	$21,581
Net income (gross income less expenses)	2020-12-31	$41,498
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$259,534
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$218,036
Assets. Value of employer securities	2020-12-31	$235,685
Total contributions received or receivable from employer(s)	2020-12-31	$9,214
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$12,649
Expenses. Total of all expenses incurred	2019-12-31	$0
Total plan assets at end of year	2019-12-31	$218,036
Total plan assets at beginning of year	2019-12-31	$205,387
Total contributions received or receivable from participants	2019-12-31	$1,992
Other income received	2019-12-31	$10,657
Net income (gross income less expenses)	2019-12-31	$12,649
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$218,036
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$205,387
Assets. Value of employer securities	2019-12-31	$215,650
2018 : MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$205,412
Expenses. Total of all expenses incurred	2018-12-31	$25
Total plan assets at end of year	2018-12-31	$205,387
Total plan assets at beginning of year	2018-12-31	$0
Total contributions received or receivable from participants	2018-12-31	$312
Expenses. Other expenses not covered elsewhere	2018-12-31	$25
Contributions received from other sources (not participants or employers)	2018-12-31	$205,100
Net income (gross income less expenses)	2018-12-31	$205,387
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$205,387
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$0
Assets. Value of employer securities	2018-12-31	$205,000

Form 5500 Responses for MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN

2022: MARK DAVID VENTURES, INC. 401K PROFIT SHARING 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: MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	Yes
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: MARK DAVID VENTURES, INC. 401K PROFIT SHARING 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: MARK DAVID VENTURES, INC. 401K PROFIT SHARING 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: MARK DAVID VENTURES, INC. 401K PROFIT SHARING PLAN 2018 form 5500 responses
2018-08-23	Type of plan entity	Single employer plan
2018-08-23	First time form 5500 has been submitted	Yes
2018-08-23	Submission has been amended	No
2018-08-23	This submission is the final filing	No
2018-08-23	This return/report is a short plan year return/report (less than 12 months)	Yes
2018-08-23	Plan is a collectively bargained plan	No
2018-08-23	Plan funding arrangement – Trust	Yes
2018-08-23	Plan benefit arrangement - Trust	Yes

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Company Name:	MARK DAVID VENTURES, INC.
Employer identification number (EIN):	831667251
NAIC Classification:	811110
NAIC Description:	Automotive Mechanical and Electrical Repair and Maintenance

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	2018-08-14
Company Identification Number:	P18000069515
Legal Registered Office Address:	328 Elliott Drive SE Fort Walton Beach 32548