401k Plan data: MEDEGEN DEFINED BENEFIT PLAN plan

MEDEGEN DEFINED BENEFIT PLAN 401k Plan overview

Plan Name	MEDEGEN DEFINED BENEFIT PLAN
Plan identification number	008

MEDEGEN DEFINED BENEFIT PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily flat dollar (includes dollars per year of service)
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

MEDICAL ACTION INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.

Company Name: MEDICAL ACTION INDUSTRIES, INC.

Employer identification number (EIN): 112421849

NAIC Classification: 326100

Additional information about MEDICAL ACTION INDUSTRIES, INC.

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 2014-05-16

Company Identification Number: F196294

Legal Registered Office Address: 4701 Cox Rd Ste 285

Glen Allen
United States of America (USA)
23060-6808

More information about MEDICAL ACTION INDUSTRIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MEDEGEN DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
008 2015-01-01 ANNE TAYLOR ANNE TAYLOR 2016-10-14
008 2014-01-01 SCOTT BLACKWELL
008 2013-01-01 BRIAN BAKER BRIAN BAKER 2014-10-14

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
008	2015-01-01	ANNE TAYLOR	ANNE TAYLOR	2016-10-14
008	2014-01-01	SCOTT BLACKWELL
008	2013-01-01	BRIAN BAKER	BRIAN BAKER	2014-10-14

Plan Statistics for MEDEGEN DEFINED BENEFIT PLAN

401k plan membership statisitcs for MEDEGEN DEFINED BENEFIT PLAN

Measure Date Value
2015: MEDEGEN DEFINED BENEFIT PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 131
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 0
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: MEDEGEN DEFINED BENEFIT PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 135
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 39
Number of retired or separated participants receiving benefits 2014-01-01 41
Number of other retired or separated participants entitled to future benefits 2014-01-01 42
Total of all active and inactive participants 2014-01-01 122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 9
Total participants 2014-01-01 131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: MEDEGEN DEFINED BENEFIT PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 135
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 42
Number of retired or separated participants receiving benefits 2013-01-01 41
Number of other retired or separated participants entitled to future benefits 2013-01-01 46
Total of all active and inactive participants 2013-01-01 129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 6
Total participants 2013-01-01 135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0

Measure	Date	Value
2015: MEDEGEN DEFINED BENEFIT PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	131
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	0
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: MEDEGEN DEFINED BENEFIT PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	135
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	39
Number of retired or separated participants receiving benefits	2014-01-01	41
Number of other retired or separated participants entitled to future benefits	2014-01-01	42
Total of all active and inactive participants	2014-01-01	122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	9
Total participants	2014-01-01	131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: MEDEGEN DEFINED BENEFIT PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	135
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	42
Number of retired or separated participants receiving benefits	2013-01-01	41
Number of other retired or separated participants entitled to future benefits	2013-01-01	46
Total of all active and inactive participants	2013-01-01	129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	6
Total participants	2013-01-01	135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0

Financial Data on MEDEGEN DEFINED BENEFIT PLAN

Measure	Date	Value
2015 : MEDEGEN DEFINED BENEFIT PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2015-12-31	$0
Total unrealized appreciation/depreciation of assets	2015-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total income from all sources (including contributions)	2015-12-31	$463,991
Total loss/gain on sale of assets	2015-12-31	$11,065
Total of all expenses incurred	2015-12-31	$1,786,409
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$1,781,753
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$452,744
Value of total assets at end of year	2015-12-31	$0
Value of total assets at beginning of year	2015-12-31	$1,322,418
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$4,656
Total interest from all sources	2015-12-31	$182
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2015-12-31	$0
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$3,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Administrative expenses (other) incurred	2015-12-31	$440
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$-1,322,418
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$1,322,418
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Investment advisory and management fees	2015-12-31	$4,216
Value of interest in common/collective trusts at end of year	2015-12-31	$0
Value of interest in common/collective trusts at beginning of year	2015-12-31	$1,271,475
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2015-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2015-12-31	$26,035
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2015-12-31	$26,035
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2015-12-31	$182
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$452,744
Employer contributions (assets) at end of year	2015-12-31	$0
Employer contributions (assets) at beginning of year	2015-12-31	$24,908
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$1,781,753
Did the plan have assets held for investment	2015-12-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	Yes
Aggregate proceeds on sale of assets	2015-12-31	$3,113,699
Aggregate carrying amount (costs) on sale of assets	2015-12-31	$3,102,634
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	NAWROCKI SMITH, LLP
Accountancy firm EIN	2015-12-31	743216978
2014 : MEDEGEN DEFINED BENEFIT PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2014-12-31	$55,414
Total unrealized appreciation/depreciation of assets	2014-12-31	$55,414
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total income from all sources (including contributions)	2014-12-31	$160,598
Total loss/gain on sale of assets	2014-12-31	$5,507
Total of all expenses incurred	2014-12-31	$86,266
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$60,475
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$99,674
Value of total assets at end of year	2014-12-31	$1,322,418
Value of total assets at beginning of year	2014-12-31	$1,248,086
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$25,791
Total interest from all sources	2014-12-31	$3
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$3,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$99,674
Administrative expenses (other) incurred	2014-12-31	$14,777
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$74,332
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$1,322,418
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$1,248,086
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Investment advisory and management fees	2014-12-31	$11,014
Value of interest in common/collective trusts at end of year	2014-12-31	$1,271,475
Value of interest in common/collective trusts at beginning of year	2014-12-31	$1,179,056
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2014-12-31	$26,035
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2014-12-31	$23,991
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2014-12-31	$23,991
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2014-12-31	$3
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Employer contributions (assets) at end of year	2014-12-31	$24,908
Employer contributions (assets) at beginning of year	2014-12-31	$45,039
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$60,475
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Aggregate proceeds on sale of assets	2014-12-31	$251,025
Aggregate carrying amount (costs) on sale of assets	2014-12-31	$245,518
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	NAWROCKI SMITH, LLP
Accountancy firm EIN	2014-12-31	743216978
2013 : MEDEGEN DEFINED BENEFIT PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2013-12-31	$88,618
Total unrealized appreciation/depreciation of assets	2013-12-31	$88,618
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total income from all sources (including contributions)	2013-12-31	$202,805
Total loss/gain on sale of assets	2013-12-31	$8,906
Total of all expenses incurred	2013-12-31	$78,696
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$57,647
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$105,279
Value of total assets at end of year	2013-12-31	$1,248,086
Value of total assets at beginning of year	2013-12-31	$1,123,977
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$21,049
Total interest from all sources	2013-12-31	$2
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Administrative expenses (other) incurred	2013-12-31	$10,989
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$124,109
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$1,248,086
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$1,123,977
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Investment advisory and management fees	2013-12-31	$10,060
Value of interest in common/collective trusts at end of year	2013-12-31	$1,179,056
Value of interest in common/collective trusts at beginning of year	2013-12-31	$1,101,544
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-12-31	$23,991
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-12-31	$22,433
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-12-31	$22,433
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-12-31	$2
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Contributions received in cash from employer	2013-12-31	$105,279
Employer contributions (assets) at end of year	2013-12-31	$45,039
Employer contributions (assets) at beginning of year	2013-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$57,647
Did the plan have assets held for investment	2013-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Aggregate proceeds on sale of assets	2013-12-31	$236,509
Aggregate carrying amount (costs) on sale of assets	2013-12-31	$227,603
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	NAWROCKI SMITH, LLP
Accountancy firm EIN	2013-12-31	743216978

Form 5500 Responses for MEDEGEN DEFINED BENEFIT PLAN

2015: MEDEGEN DEFINED BENEFIT PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	Yes
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: MEDEGEN DEFINED BENEFIT PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: MEDEGEN DEFINED BENEFIT PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

MEDEGEN DEFINED BENEFIT PLAN [EIN = 860946323]

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Company Name:	MEDICAL ACTION INDUSTRIES, INC.
Employer identification number (EIN):	112421849
NAIC Classification:	326100

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	2014-05-16
Company Identification Number:	F196294
Legal Registered Office Address:	4701 Cox Rd Ste 285 Glen Allen United States of America (USA) 23060-6808