401k Plan data: MAG, INC. 401(K) PLAN & TRUST plan

MAG, INC. 401(K) PLAN & TRUST 401k Plan overview

Plan Name	MAG, INC. 401(K) PLAN & TRUST
Plan identification number	001

MAG, INC. 401(K) PLAN & TRUST Benefits

401k Plan Type

Defined 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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

MAG, INC. has sponsored the creation of one or more 401k plans.

Company Name: MAG, INC.

Employer identification number (EIN): 161400712

NAIC Classification: 511190

Additional information about MAG, INC.

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 1991-06-07

Company Identification Number: 1553773

Legal Registered Office Address: 20 EASTLAKE RD
Tompkins
ITHACA
United States of America (USA)
14850

More information about MAG, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAG, INC. 401(K) PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2019-01-01
001 2018-01-01 MARK GOLDBERG
001 2017-01-01 ANDREW HATHORN
001 2016-01-01 ANDREW HATHORN
001 2016-01-01
001 2015-01-01 ANDREW HATHORN
001 2014-01-01 ANDREW HATHORN
001 2013-01-01 PENNIE SMALL
001 2012-01-01 PENNIE SMALL
001 2011-01-01 PENNIE SMALL
001 2010-01-01 PENNIE SMALL
001 2009-01-01 PENNIE SMALL
001 2009-01-01 PENNIE SMALL
001 2009-01-01 PENNIE SMALL

Financial Data on MAG, INC. 401(K) PLAN & TRUST

Measure	Date	Value
2019 : MAG, INC. 401(K) PLAN & TRUST 2019 401k financial data
Total income from all sources	2019-12-31	$162,497
Expenses. Total of all expenses incurred	2019-12-31	$1,421,343
Benefits paid (including direct rollovers)	2019-12-31	$1,418,579
Total plan assets at end of year	2019-12-31	$0
Total plan assets at beginning of year	2019-12-31	$1,258,846
Total contributions received or receivable from participants	2019-12-31	$3,823
Contributions received from other sources (not participants or employers)	2019-12-31	$0
Other income received	2019-12-31	$158,674
Net income (gross income less expenses)	2019-12-31	$-1,258,846
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$1,258,846
Assets. Value of participant loans	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$2,764
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : MAG, INC. 401(K) PLAN & TRUST 2018 401k financial data
Total income from all sources	2018-12-31	$-58,308
Expenses. Total of all expenses incurred	2018-12-31	$7,530
Benefits paid (including direct rollovers)	2018-12-31	$3,189
Total plan assets at end of year	2018-12-31	$1,258,846
Total plan assets at beginning of year	2018-12-31	$1,324,684
Value of fidelity bond covering the plan	2018-12-31	$100,000
Total contributions received or receivable from participants	2018-12-31	$24,913
Other income received	2018-12-31	$-83,236
Net income (gross income less expenses)	2018-12-31	$-65,838
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$1,258,846
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$1,324,684
Total contributions received or receivable from employer(s)	2018-12-31	$15
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$4,341
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
2017 : MAG, INC. 401(K) PLAN & TRUST 2017 401k financial data
Total income from all sources	2017-12-31	$232,878
Expenses. Total of all expenses incurred	2017-12-31	$12,543
Benefits paid (including direct rollovers)	2017-12-31	$8,564
Total plan assets at end of year	2017-12-31	$1,324,684
Total plan assets at beginning of year	2017-12-31	$1,104,349
Value of fidelity bond covering the plan	2017-12-31	$100,000
Total contributions received or receivable from participants	2017-12-31	$28,752
Other income received	2017-12-31	$204,126
Net income (gross income less expenses)	2017-12-31	$220,335
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$1,324,684
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$1,104,349
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$3,979
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
2016 : MAG, INC. 401(K) PLAN & TRUST 2016 401k financial data
Total income from all sources	2016-12-31	$117,213
Expenses. Total of all expenses incurred	2016-12-31	$50,074
Benefits paid (including direct rollovers)	2016-12-31	$46,411
Total plan assets at end of year	2016-12-31	$1,104,349
Total plan assets at beginning of year	2016-12-31	$1,037,210
Value of fidelity bond covering the plan	2016-12-31	$100,000
Total contributions received or receivable from participants	2016-12-31	$30,690
Other income received	2016-12-31	$86,523
Net income (gross income less expenses)	2016-12-31	$67,139
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$1,104,349
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$1,037,210
Assets. Value of participant loans	2016-12-31	$7,637
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$3,663
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
Transfers to/from the plan	2016-01-04	$-1,037,210
Total plan liabilities at end of year	2016-01-04	$0
Total plan liabilities at beginning of year	2016-01-04	$0
Total income from all sources	2016-01-04	$0
Expenses. Total of all expenses incurred	2016-01-04	$0
Benefits paid (including direct rollovers)	2016-01-04	$0
Total plan assets at end of year	2016-01-04	$0
Total plan assets at beginning of year	2016-01-04	$1,037,210
Value of fidelity bond covering the plan	2016-01-04	$10,000,000
Total contributions received or receivable from participants	2016-01-04	$0
Expenses. Other expenses not covered elsewhere	2016-01-04	$0
Contributions received from other sources (not participants or employers)	2016-01-04	$0
Other income received	2016-01-04	$0
Noncash contributions received	2016-01-04	$0
Net income (gross income less expenses)	2016-01-04	$0
Net plan assets at end of year (total assets less liabilities)	2016-01-04	$0
Net plan assets at beginning of year (total assets less liabilities)	2016-01-04	$1,037,210
Total contributions received or receivable from employer(s)	2016-01-04	$0
Value of certain deemed distributions of participant loans	2016-01-04	$0
Value of corrective distributions	2016-01-04	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2016-01-04	$0
2015 : MAG, INC. 401(K) PLAN & TRUST 2015 401k financial data
Total income from all sources	2015-12-31	$32,428
Expenses. Total of all expenses incurred	2015-12-31	$3,293
Total plan assets at end of year	2015-12-31	$1,037,210
Total plan assets at beginning of year	2015-12-31	$1,008,075
Value of fidelity bond covering the plan	2015-12-31	$1,000,000
Total contributions received or receivable from participants	2015-12-31	$36,046
Other income received	2015-12-31	$-3,618
Net income (gross income less expenses)	2015-12-31	$29,135
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$1,037,210
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$1,008,075
Assets. Value of participant loans	2015-12-31	$9,266
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$3,293
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
2014 : MAG, INC. 401(K) PLAN & TRUST 2014 401k financial data
Total income from all sources	2014-12-31	$104,310
Expenses. Total of all expenses incurred	2014-12-31	$10,735
Benefits paid (including direct rollovers)	2014-12-31	$6,384
Total plan assets at end of year	2014-12-31	$1,008,075
Total plan assets at beginning of year	2014-12-31	$914,500
Value of fidelity bond covering the plan	2014-12-31	$100,000
Total contributions received or receivable from participants	2014-12-31	$34,996
Other income received	2014-12-31	$69,314
Net income (gross income less expenses)	2014-12-31	$93,575
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$1,008,075
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$914,500
Assets. Value of participant loans	2014-12-31	$13,031
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$4,351
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : MAG, INC. 401(K) PLAN & TRUST 2013 401k financial data
Total income from all sources	2013-12-31	$206,355
Expenses. Total of all expenses incurred	2013-12-31	$4,240
Benefits paid (including direct rollovers)	2013-12-31	$85
Total plan assets at end of year	2013-12-31	$914,500
Total plan assets at beginning of year	2013-12-31	$712,385
Value of fidelity bond covering the plan	2013-12-31	$80,000
Total contributions received or receivable from participants	2013-12-31	$45,612
Other income received	2013-12-31	$160,743
Net income (gross income less expenses)	2013-12-31	$202,115
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$914,500
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$712,385
Assets. Value of participant loans	2013-12-31	$17,275
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$4,155
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : MAG, INC. 401(K) PLAN & TRUST 2012 401k financial data
Total income from all sources	2012-12-31	$125,740
Expenses. Total of all expenses incurred	2012-12-31	$801
Total plan assets at end of year	2012-12-31	$712,385
Total plan assets at beginning of year	2012-12-31	$587,446
Value of fidelity bond covering the plan	2012-12-31	$70,000
Total contributions received or receivable from participants	2012-12-31	$36,396
Other income received	2012-12-31	$89,344
Net income (gross income less expenses)	2012-12-31	$124,939
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$712,385
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$587,446
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$801
2011 : MAG, INC. 401(K) PLAN & TRUST 2011 401k financial data
Transfers to/from the plan	2011-12-31	$0
Total income from all sources	2011-12-31	$19,179
Expenses. Total of all expenses incurred	2011-12-31	$15,677
Benefits paid (including direct rollovers)	2011-12-31	$14,802
Total plan assets at end of year	2011-12-31	$587,446
Total plan assets at beginning of year	2011-12-31	$583,944
Value of fidelity bond covering the plan	2011-12-31	$65,000
Total contributions received or receivable from participants	2011-12-31	$35,556
Contributions received from other sources (not participants or employers)	2011-12-31	$5,171
Other income received	2011-12-31	$-21,548
Net income (gross income less expenses)	2011-12-31	$3,502
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$587,446
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$583,944
Assets. Value of participant loans	2011-12-31	$1,430
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$875
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : MAG, INC. 401(K) PLAN & TRUST 2010 401k financial data
Total income from all sources	2010-12-31	$83,795
Expenses. Total of all expenses incurred	2010-12-31	$4,813
Benefits paid (including direct rollovers)	2010-12-31	$4,813
Total plan assets at end of year	2010-12-31	$583,944
Total plan assets at beginning of year	2010-12-31	$504,962
Value of fidelity bond covering the plan	2010-12-31	$60,000
Total contributions received or receivable from participants	2010-12-31	$37,884
Other income received	2010-12-31	$45,911
Net income (gross income less expenses)	2010-12-31	$78,982
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$583,944
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$504,962
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0

Form 5500 Responses for MAG, INC. 401(K) PLAN & TRUST

2019: MAG, INC. 401(K) PLAN & TRUST 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	Yes
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: MAG, INC. 401(K) PLAN & TRUST 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement – Insurance	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: MAG, INC. 401(K) PLAN & TRUST 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: MAG, INC. 401(K) PLAN & TRUST 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: MAG, INC. 401(K) PLAN & TRUST 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	No
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 – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement – Insurance	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: MAG, INC. 401(K) PLAN & TRUST 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 – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: MAG, INC. 401(K) PLAN & TRUST 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 – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: MAG, INC. 401(K) PLAN & TRUST 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: MAG, INC. 401(K) PLAN & TRUST 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: MAG, INC. 401(K) PLAN & TRUST 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: MAG, INC. 401(K) PLAN & TRUST 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	Yes
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number	342267000
Policy instance	1
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number	342267000
Policy instance	1
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number	342267000
Policy instance	1
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number	342267000
Policy instance	1
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number	342267000
Policy instance	1
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number	342267000
Policy instance	1
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number	342267000
Policy instance	1
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number	342267000
Policy instance	1

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Company Name:	MAG, INC.
Employer identification number (EIN):	161400712
NAIC Classification:	511190

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	1991-06-07
Company Identification Number:	1553773
Legal Registered Office Address:	20 EASTLAKE RD Tompkins ITHACA United States of America (USA) 14850

Plan id#	Filing Submission Date	Name of Administrator
001	2019-01-01
001	2018-01-01	MARK GOLDBERG
001	2017-01-01	ANDREW HATHORN
001	2016-01-01	ANDREW HATHORN
001	2016-01-01
001	2015-01-01	ANDREW HATHORN
001	2014-01-01	ANDREW HATHORN
001	2013-01-01	PENNIE SMALL
001	2012-01-01	PENNIE SMALL
001	2011-01-01	PENNIE SMALL
001	2010-01-01	PENNIE SMALL
001	2009-01-01	PENNIE SMALL
001	2009-01-01	PENNIE SMALL
001	2009-01-01	PENNIE SMALL