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MB PRECIOUS METALS INC. 401 K PROFIT SHARING PLAN 401k Plan overview

Plan NameMB PRECIOUS METALS INC. 401 K PROFIT SHARING PLAN
Plan identification number 001

MB PRECIOUS METALS INC. 401 K PROFIT SHARING 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
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

MB PRECIOUS METALS INC. has sponsored the creation of one or more 401k plans.

Company Name:MB PRECIOUS METALS INC.
Employer identification number (EIN):113813888
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MB PRECIOUS METALS INC. 401 K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01ADAM BAUMWALD2023-07-14 ADAM BAUMWALD2023-07-14
0012021-01-01ADAM BAUMWALD2022-07-14 ADAM BAUMWALD2022-07-14
0012020-01-01ADAM BAUMWALD2021-07-16 ADAM BAUMWALD2021-07-16
0012019-01-01ADAM BAUMWALD2020-07-20 ADAM BAUMWALD2020-07-20
0012018-01-01ADAM BAUMWALD2019-07-19 ADAM BAUMWALD2019-07-19
0012017-01-01ADAM BAUMWALD2018-07-18 ADAM BAUMWALD2018-07-18
0012016-01-01ADAM BAUMWALD2017-07-18 ADAM BAUMWALD2017-07-18
0012016-01-01RANDY HOFFMAN2017-07-22
0012015-01-01ADAM BAUMWALD2016-07-22 ADAM BAUMWALD2016-07-22

Plan Statistics for MB PRECIOUS METALS INC. 401 K PROFIT SHARING PLAN

401k plan membership statisitcs for MB PRECIOUS METALS INC. 401 K PROFIT SHARING PLAN

Measure Date Value
2025: MB PRECIOUS METALS INC. 401 K PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-162
Total number of particpants at end of year2025-07-162
Number of Participants With Account Balances2025-07-162
2024: MB PRECIOUS METALS INC. 401 K PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-142
Total number of particpants at end of year2024-10-142
Number of Participants With Account Balances2024-10-142
2022: MB PRECIOUS METALS INC. 401 K PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-07-142
Total number of particpants at end of year2022-07-142
Number of Participants With Account Balances2022-07-142

Financial Data on MB PRECIOUS METALS INC. 401 K PROFIT SHARING PLAN

Measure Date Value
2025 : MB PRECIOUS METALS INC. 401 K PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-166041
Net assets as of the end of the plan year2025-07-16767368
Total assets as of the beginning of the plan year2025-07-16579141
Value of plan covered by a fidelity bond2025-07-1676737
Participant contributions to plan in this plan year2025-07-1646000
Other income to plan in this plan year2025-07-16105676
Plan net income in this plan year2025-07-16188227
Net assets as of the end of the plan year2025-07-16767368
Net assets as of the beginning of the plan year2025-07-16579141
Value of contributions failed to transmitted timely2025-07-1616
Employer contributions to plan in this plan year2025-07-1642592
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-166041
2024 : MB PRECIOUS METALS INC. 401 K PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-144866
Net assets as of the end of the plan year2024-10-14579141
Total assets as of the beginning of the plan year2024-10-14452002
Value of plan covered by a fidelity bond2024-10-1460000
Participant contributions to plan in this plan year2024-10-1445000
Other income to plan in this plan year2024-10-1469833
Plan net income in this plan year2024-10-14127139
Net assets as of the end of the plan year2024-10-14579141
Net assets as of the beginning of the plan year2024-10-14452002
Employer contributions to plan in this plan year2024-10-1417172
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-144866
2022 : MB PRECIOUS METALS INC. 401 K PROFIT SHARING PLAN 2022 401k financial data
Total liabilities as of the end of the plan year2022-07-140
Total liabilities as of the beginning of the plan year2022-07-140
Total expenses incurred by plan in this plan year2022-07-143851
Net assets as of the end of the plan year2022-07-14490186
Total assets as of the beginning of the plan year2022-07-14352460
Participant contributions to plan in this plan year2022-07-1439000
Other expenses paid from plan in this plan year2022-07-140
Other contributions to plan in this plan year2022-07-140
Other income to plan in this plan year2022-07-1461083
Plan net income in this plan year2022-07-14137726
Net assets as of the end of the plan year2022-07-14490186
Net assets as of the beginning of the plan year2022-07-14352460
Employer contributions to plan in this plan year2022-07-1441494
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-143851

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