MAGIC TEXTILES, LLC RETIREMENT PLAN 401k Plan overview
| Plan Name | MAGIC TEXTILES, LLC RETIREMENT PLAN |
| Plan identification number | 002 |
MAGIC TEXTILES, LLC RETIREMENT 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).
- 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.
- 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
MAGIC TEXTILES, LLC has sponsored the creation of one or more 401k plans.
| Company Name: | MAGIC TEXTILES, LLC |
| Employer identification number (EIN): | 133923324 |
| NAIC Classification: | 423990 |
| NAIC Description: | Other Miscellaneous Durable Goods Merchant Wholesalers |
Additional information about MAGIC TEXTILES, LLC
| Jurisdiction of Incorporation: | New York Department of State |
| Incorporation Date: | 1997-02-05 |
| Company Identification Number: | 2109774 |
| Legal Registered Office Address: |
261 FIFTH AVENUE
New York
NEW YORK
United States of America (USA)
10016
|
More information about MAGIC TEXTILES, LLC
Form 5500 Filing Information
Submission information for form 5500 for 401k plan MAGIC TEXTILES, LLC RETIREMENT PLAN
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|
| 002 | 2023-01-01 | TARIQ OSMAN | 2024-05-10 | | |
| 002 | 2022-01-01 | TARIQ OSMAN | 2023-05-11 | | |
| 002 | 2021-01-01 | TARIQ OSMAN | 2022-05-12 | | |
| 002 | 2020-01-01 | TARIQ OSMAN | 2021-08-03 | | |
| 002 | 2019-01-01 | TARIQ OSMAN | 2020-07-21 | | |
| 002 | 2018-01-01 | TARIQ OSMAN | 2019-08-26 | | |
| 002 | 2017-01-01 | TARIQ OSMAN | 2018-10-03 | | |
| 002 | 2016-01-01 | TARIQ OSMAN | 2017-08-09 | | |
| 002 | 2015-01-01 | TARIQ OSMAN | 2016-08-31 | | |
| 002 | 2014-01-01 | TARIQ OSMAN | 2015-10-07 | | |
| 002 | 2013-01-01 | TARIQ OSMAN | 2014-10-01 | | |
| 002 | 2012-01-01 | TARIQ OSMAN | 2013-07-30 | | |
Financial Data on MAGIC TEXTILES, LLC RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2025 : MAGIC TEXTILES, LLC RETIREMENT PLAN 2025 401k financial data |
|---|
| Net assets as of the end of the plan year | 2025-05-14 | 1087138 |
| Total assets as of the beginning of the plan year | 2025-05-14 | 1038510 |
| Value of participant loans at end of plan year | 2025-05-14 | 34426 |
| Other income to plan in this plan year | 2025-05-14 | 48628 |
| Plan net income in this plan year | 2025-05-14 | 48628 |
| Net assets as of the end of the plan year | 2025-05-14 | 1087138 |
| Net assets as of the beginning of the plan year | 2025-05-14 | 1038510 |
| 2024 : MAGIC TEXTILES, LLC RETIREMENT PLAN 2024 401k financial data |
|---|
| Net assets as of the end of the plan year | 2024-05-09 | 1038510 |
| Total assets as of the beginning of the plan year | 2024-05-09 | 1010064 |
| Value of participant loans at end of plan year | 2024-05-09 | 43138 |
| Other income to plan in this plan year | 2024-05-09 | 28446 |
| Plan net income in this plan year | 2024-05-09 | 28446 |
| Net assets as of the end of the plan year | 2024-05-09 | 1038510 |
| Net assets as of the beginning of the plan year | 2024-05-09 | 1010064 |
Was this data useful?
| If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping | |
| |
| |
|
|
Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.
See full terms and conditions