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MAGNUM SHIELDING CORPORATION 401K RETIREMENT PLAN 401k Plan overview

Plan NameMAGNUM SHIELDING CORPORATION 401K RETIREMENT PLAN
Plan identification number 001

MAGNUM SHIELDING CORPORATION 401K RETIREMENT PLAN 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

MAGNUM SHIELDING CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:MAGNUM SHIELDING CORPORATION
Employer identification number (EIN):161192308
NAIC Classification:332900

Additional information about MAGNUM SHIELDING CORPORATION

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1983-03-02
Company Identification Number: 825359
Legal Registered Office Address: ATTN SCOTT L HURWITZ
3800 MONROE AVE
PITTSFORD
United States of America (USA)
14534

More information about MAGNUM SHIELDING CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAGNUM SHIELDING CORPORATION 401K RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01
0012023-01-01
0012022-01-01
0012021-01-01SCOTT HURWITZ2022-06-16
0012020-01-01SCOTT HURWITZ2021-06-14
0012019-01-01SCOTT HURWITZ2020-07-09
0012018-01-01SCOTT HURWITZ2019-03-15
0012017-01-01SCOTT HURWITZ2018-06-05
0012016-01-01SCOTT HURWITZ2017-04-20
0012015-01-01SCOTT HURWITZ2016-05-06
0012014-01-01SCOTT L. HURWITZ2015-03-03 SCOTT L. HURWITZ2015-03-03
0012013-01-01SCOTT L. HURWITZ2014-04-15 SCOTT L. HURWITZ2014-04-15
0012012-01-01SCOTT L. HURWITZ2013-05-13 SCOTT L. HURWITZ2013-05-13
0012011-01-01SCOTT L. HURWITZ2012-05-07 SCOTT L. HURWITZ2012-05-07
0012010-01-01SCOTT L. HURWITZ2011-05-31 SCOTT L. HURWITZ2011-05-31

Financial Data on MAGNUM SHIELDING CORPORATION 401K RETIREMENT PLAN

Measure Date Value
2024 : MAGNUM SHIELDING CORPORATION 401K RETIREMENT PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-11-250
Total liabilities as of the end of the plan year2024-11-250
Total liabilities as of the beginning of the plan year2024-11-250
Total expenses incurred by plan in this plan year2024-11-25870121
Net assets as of the end of the plan year2024-11-250
Total assets as of the beginning of the plan year2024-11-25804227
Value of plan covered by a fidelity bond2024-11-25140000
Participant contributions to plan in this plan year2024-11-2526266
Other contributions to plan in this plan year2024-11-250
Other income to plan in this plan year2024-11-2533215
Plan net income in this plan year2024-11-25-804227
Net assets as of the end of the plan year2024-11-250
Net assets as of the beginning of the plan year2024-11-25804227
Employer contributions to plan in this plan year2024-11-256413
Expensese paid to adminstrative service provicers from plan in this plan year2024-11-25550
Total transfers to/from plan in this plan year2024-02-140
Total liabilities as of the end of the plan year2024-02-140
Total expenses incurred by plan in this plan year2024-02-14648761
Net assets as of the end of the plan year2024-02-14804227
Total assets as of the beginning of the plan year2024-02-141260929
Value of plan covered by a fidelity bond2024-02-14140000
Participant contributions to plan in this plan year2024-02-1466379
Value of participant loans at end of plan year2024-02-144965
Other contributions to plan in this plan year2024-02-140
Other income to plan in this plan year2024-02-14105733
Plan net income in this plan year2024-02-14-456702
Net assets as of the end of the plan year2024-02-14804227
Net assets as of the beginning of the plan year2024-02-141260929
Employer contributions to plan in this plan year2024-02-1419947
Expensese paid to adminstrative service provicers from plan in this plan year2024-02-14350

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