?>
Logo

NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameNORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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

NORTH TEXAS MGC, INC. has sponsored the creation of one or more 401k plans.

Company Name:NORTH TEXAS MGC, INC.
Employer identification number (EIN):842420697
NAIC Classification:812111
NAIC Description:Barber Shops

Additional information about NORTH TEXAS MGC, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2019-07-15
Company Identification Number: 0803368477
Legal Registered Office Address: 7603 LINCOLN CT

COLLEYVILLE
United States of America (USA)
76034

More information about NORTH TEXAS MGC, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-07-15

Plan Statistics for NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-012
Total number of active participants reported on line 7a of the Form 55002022-01-013
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-013
Number of participants with account balances2022-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-012
Total number of active participants reported on line 7a of the Form 55002021-01-012
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-012
Number of participants with account balances2021-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-012
Total number of active participants reported on line 7a of the Form 55002020-01-012
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-012
Number of participants with account balances2020-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-07-152
Total number of active participants reported on line 7a of the Form 55002019-07-152
Number of retired or separated participants receiving benefits2019-07-150
Number of other retired or separated participants entitled to future benefits2019-07-150
Total of all active and inactive participants2019-07-152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-07-150
Total participants2019-07-152
Number of participants with account balances2019-07-151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-07-150

Financial Data on NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022 : NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-135,301
Expenses. Total of all expenses incurred2022-12-31$0
Benefits paid (including direct rollovers)2022-12-31$0
Total plan assets at end of year2022-12-31$415,653
Total plan assets at beginning of year2022-12-31$550,954
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-135,301
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-135,301
Net plan assets at end of year (total assets less liabilities)2022-12-31$415,653
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$550,954
Assets. Value of employer securities2022-12-31$297,568
Total contributions received or receivable from employer(s)2022-12-31$0
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$0
2021 : NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources2021-12-31$-45,678
Expenses. Total of all expenses incurred2021-12-31$0
Benefits paid (including direct rollovers)2021-12-31$0
Total plan assets at end of year2021-12-31$550,954
Total plan assets at beginning of year2021-12-31$596,632
Total contributions received or receivable from participants2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$-45,678
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$-45,678
Net plan assets at end of year (total assets less liabilities)2021-12-31$550,954
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$596,632
Assets. Value of employer securities2021-12-31$435,259
Total contributions received or receivable from employer(s)2021-12-31$0
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$0
2020 : NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$-18,972
Expenses. Total of all expenses incurred2020-12-31$0
Benefits paid (including direct rollovers)2020-12-31$0
Total plan assets at end of year2020-12-31$596,632
Total plan assets at beginning of year2020-12-31$615,604
Total contributions received or receivable from participants2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$-18,972
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$-18,972
Net plan assets at end of year (total assets less liabilities)2020-12-31$596,632
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$615,604
Assets. Value of employer securities2020-12-31$480,938
Total contributions received or receivable from employer(s)2020-12-31$0
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$0
2019 : NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$615,604
Expenses. Total of all expenses incurred2019-12-31$0
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$615,604
Total plan assets at beginning of year2019-12-31$0
Total contributions received or receivable from participants2019-12-31$0
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$614,800
Other income received2019-12-31$804
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$615,604
Net plan assets at end of year (total assets less liabilities)2019-12-31$615,604
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$0
Assets. Value of employer securities2019-12-31$500,000
Total contributions received or receivable from employer(s)2019-12-31$0
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$0

Form 5500 Responses for NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN

2022: NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: NORTH TEXAS MGC, INC. 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-07-15Type of plan entitySingle employer plan
2019-07-15First time form 5500 has been submittedYes
2019-07-15Submission has been amendedNo
2019-07-15This submission is the final filingNo
2019-07-15This return/report is a short plan year return/report (less than 12 months)Yes
2019-07-15Plan is a collectively bargained planNo
2019-07-15Plan funding arrangement – TrustYes
2019-07-15Plan benefit arrangement - TrustYes

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3