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MID SOUTH JETS INC 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameMID SOUTH JETS INC 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

MID SOUTH JETS INC 401(K) PROFIT SHARING PLAN & TRUST 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.
  • 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

MID SOUTH JETS INC has sponsored the creation of one or more 401k plans.

Company Name:MID SOUTH JETS INC
Employer identification number (EIN):861140229
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MID SOUTH JETS INC 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01MIKE TUTOR, KIM STRINGFELLOW2023-07-28
0012021-01-01MIKE TUTOR2022-10-14
0012020-01-01MIKE TUTOR2021-10-11
0012019-01-01WALLACE MCALEXANDER2020-04-24
0012018-01-01WALLACE R. MCALEXANDER, JR.2019-04-03
0012017-01-01WALLACE MCALEXANDER2018-07-27
0012016-01-01WALLACE MCALEXANDER2017-07-05
0012015-01-01WALLACE R MCALEXANDER JR2016-06-27
0012014-01-01WALLACE R MCALEXANDER JR2015-07-20
0012013-01-01WALLACE R. MCALEXANDER, JR.2014-07-25
0012012-01-01MID SOUTH JETS INC2013-07-30
0012011-01-01MID SOUTH JETS INC2012-06-22
0012010-01-01MID SOUTH JETS INC2011-07-29

Financial Data on MID SOUTH JETS INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2008 : MID SOUTH JETS INC 401(K) PROFIT SHARING PLAN & TRUST 2008 401k financial data
Total income from all sources2008-12-31$25,010
Expenses. Total of all expenses incurred2008-12-31$0
Total plan assets at end of year2008-12-31$31,300
Total plan assets at beginning of year2008-12-31$6,290
Value of fidelity bond covering the plan2008-12-31$20,000
Total contributions received or receivable from participants2008-12-31$28,036
Other income received2008-12-31$-5,583
Net income (gross income less expenses)2008-12-31$25,010
Net plan assets at end of year (total assets less liabilities)2008-12-31$31,300
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$6,290
Total contributions received or receivable from employer(s)2008-12-31$2,557

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