401k Plan data: PACE/MACGILL, INC. PROFIT SHARING PLAN plan

PACE/MACGILL, INC. PROFIT SHARING PLAN 401k Plan overview

Plan Name	PACE/MACGILL, INC. PROFIT SHARING PLAN
Plan identification number	002

PACE/MACGILL, INC. PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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

PACE/MACGILL, INC. has sponsored the creation of one or more 401k plans.

Company Name: PACE/MACGILL, INC.

Employer identification number (EIN): 133177528

NAIC Classification: 453920
NAIC Description: Art Dealers

Additional information about PACE/MACGILL, INC.

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 1983-08-22

Company Identification Number: 862945

Legal Registered Office Address: 32 E 57 ST
9TH FL.
NEW YORK
United States of America (USA)
100222513

More information about PACE/MACGILL, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PACE/MACGILL, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2020-01-01 PETER MACGILL 2021-05-27
002 2018-01-01 FRANK SALINAS 2019-05-10
002 2017-01-01 FRANK SALINAS 2018-09-21 PETER MACGILL 2018-09-21
002 2016-01-01
002 2015-01-01
002 2014-01-01 PETER MACGILL 2015-09-18 PETER MACGILL 2015-09-18
002 2013-01-01 PETER MACGILL 2014-03-21
002 2012-01-01 PETER MACGILL 2013-04-02
002 2011-01-01 PETER MACGILL 2012-06-27
002 2010-01-01 PETER MACGILL 2011-05-18

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2020-01-01	PETER MACGILL	2021-05-27
002	2018-01-01	FRANK SALINAS	2019-05-10
002	2017-01-01	FRANK SALINAS	2018-09-21	PETER MACGILL	2018-09-21
002	2016-01-01
002	2015-01-01
002	2014-01-01	PETER MACGILL	2015-09-18	PETER MACGILL	2015-09-18
002	2013-01-01	PETER MACGILL	2014-03-21
002	2012-01-01	PETER MACGILL	2013-04-02
002	2011-01-01	PETER MACGILL	2012-06-27
002	2010-01-01	PETER MACGILL	2011-05-18

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 86375 )

Policy contract number

84344

Policy instance

Insurance contract or identification number	84344
Number of Individuals Covered	16
Insurance policy start date	2008-09-16
Insurance policy end date	2008-12-31
Total amount of commissions paid to insurance broker	USD $17,245
Total amount of fees paid to insurance company	USD $2,841
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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Company Name:	PACE/MACGILL, INC.
Employer identification number (EIN):	133177528
NAIC Classification:	453920
NAIC Description:	Art Dealers

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	1983-08-22
Company Identification Number:	862945
Legal Registered Office Address:	32 E 57 ST 9TH FL. NEW YORK United States of America (USA) 100222513