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M & D FINANCIAL ENTERPRISES, INC. 401(K) PLAN 401k Plan overview

Plan NameM & D FINANCIAL ENTERPRISES, INC. 401(K) PLAN
Plan identification number 001

M & D FINANCIAL ENTERPRISES, INC. 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
  • 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.
  • 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

M & D FINANCIAL ENTERPRISES, INC. has sponsored the creation of one or more 401k plans.

Company Name:M & D FINANCIAL ENTERPRISES, INC.
Employer identification number (EIN):853070058
NAIC Classification:523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan M & D FINANCIAL ENTERPRISES, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JOHNATHON OPET2024-10-14
0012022-01-01ANTHONY WARREN2023-07-06
0012021-01-01ANTHONY WARREN2023-07-06

Financial Data on M & D FINANCIAL ENTERPRISES, INC. 401(K) PLAN

Measure Date Value
2025 : M & D FINANCIAL ENTERPRISES, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-09-160
Total expenses incurred by plan in this plan year2025-09-16421
Net assets as of the end of the plan year2025-09-16227971
Total assets as of the beginning of the plan year2025-09-16117591
Value of plan covered by a fidelity bond2025-09-1620000000
Participant contributions to plan in this plan year2025-09-1659411
Other contributions to plan in this plan year2025-09-160
Other income to plan in this plan year2025-09-1634524
Plan net income in this plan year2025-09-16110380
Net assets as of the end of the plan year2025-09-16227971
Net assets as of the beginning of the plan year2025-09-16117591
Employer contributions to plan in this plan year2025-09-1616866
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-16421
2024 : M & D FINANCIAL ENTERPRISES, INC. 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-140
Net assets as of the end of the plan year2024-10-14117591
Total assets as of the beginning of the plan year2024-10-1473717
Value of plan covered by a fidelity bond2024-10-14500000
Participant contributions to plan in this plan year2024-10-1433363
Other income to plan in this plan year2024-10-14-3310
Plan net income in this plan year2024-10-1443874
Net assets as of the end of the plan year2024-10-14117591
Net assets as of the beginning of the plan year2024-10-1473717
Employer contributions to plan in this plan year2024-10-1413821
2023 : M & D FINANCIAL ENTERPRISES, INC. 401(K) PLAN 2023 401k financial data
Total expenses incurred by plan in this plan year2023-07-060
Net assets as of the end of the plan year2023-07-0644351
Total assets as of the beginning of the plan year2023-07-060
Value of plan covered by a fidelity bond2023-07-0620000000
Participant contributions to plan in this plan year2023-07-0630194
Other income to plan in this plan year2023-07-06758
Plan net income in this plan year2023-07-0644351
Net assets as of the end of the plan year2023-07-0644351
Net assets as of the beginning of the plan year2023-07-060
Employer contributions to plan in this plan year2023-07-0613399

Potentially related plans

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