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QUANTUM VENTURES OF MICHIGAN 401(K) PLAN 401k Plan overview

Plan NameQUANTUM VENTURES OF MICHIGAN 401(K) PLAN
Plan identification number 002

QUANTUM VENTURES OF MICHIGAN 401(K) 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

QUANTUM VENTURES OF MICHIGAN, LLC has sponsored the creation of one or more 401k plans.

Company Name:QUANTUM VENTURES OF MICHIGAN, LLC
Employer identification number (EIN):223966505
NAIC Classification:523900

Additional information about QUANTUM VENTURES OF MICHIGAN, LLC

Jurisdiction of Incorporation: Michigan Department of Licensing & Regulatory Affairs
Incorporation Date:
Company Identification Number: D2055G

More information about QUANTUM VENTURES OF MICHIGAN, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan QUANTUM VENTURES OF MICHIGAN 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022018-01-01
0022017-01-01LANCE KESTERSON
0022016-01-01LANCE KESTERSON
0022016-01-01

Plan Statistics for QUANTUM VENTURES OF MICHIGAN 401(K) PLAN

401k plan membership statisitcs for QUANTUM VENTURES OF MICHIGAN 401(K) PLAN

Measure Date Value
2018: QUANTUM VENTURES OF MICHIGAN 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-011,482
Total number of active participants reported on line 7a of the Form 55002018-01-010
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-010
Number of participants with account balances2018-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: QUANTUM VENTURES OF MICHIGAN 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01723
Total number of active participants reported on line 7a of the Form 55002017-01-01682
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01132
Total of all active and inactive participants2017-01-01814
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01814
Number of participants with account balances2017-01-01536
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0157
2016: QUANTUM VENTURES OF MICHIGAN 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01571
Total number of active participants reported on line 7a of the Form 55002016-01-01626
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0186
Total of all active and inactive participants2016-01-01712
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01712
Number of participants with account balances2016-01-01464
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0132

Financial Data on QUANTUM VENTURES OF MICHIGAN 401(K) PLAN

Measure Date Value
2018 : QUANTUM VENTURES OF MICHIGAN 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets from this plan2018-12-31$7,761,502
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$991,953
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$1,098,848
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$990,209
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,350,821
Value of total assets at end of year2018-12-31$0
Value of total assets at beginning of year2018-12-31$7,868,397
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$108,639
Total interest from all sources2018-12-31$13,631
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2018-12-31$0
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$1,029,827
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$137,872
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$20,748
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$119,371
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$30,856
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-106,895
Value of net assets at end of year (total assets less liabilities)2018-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$7,868,397
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Interest on participant loans2018-12-31$6,858
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$6,773
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$7,675,510
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-372,499
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31Yes
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$201,623
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$3,411
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$990,209
Contract administrator fees2018-12-31$108,639
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31PW PARTNERS LLC
Accountancy firm EIN2018-12-31833323563
2017 : QUANTUM VENTURES OF MICHIGAN 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$2,175,237
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$471,538
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$376,474
Expenses. Certain deemed distributions of participant loans2017-12-31$12,603
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,225,303
Value of total assets at end of year2017-12-31$7,868,397
Value of total assets at beginning of year2017-12-31$6,164,698
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$82,461
Total interest from all sources2017-12-31$6,214
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Administrative expenses professional fees incurred2017-12-31$82,461
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$863,429
Participant contributions at end of year2017-12-31$137,872
Participant contributions at beginning of year2017-12-31$131,909
Participant contributions at end of year2017-12-31$20,748
Participant contributions at beginning of year2017-12-31$12,787
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$166,216
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$30,856
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$16,512
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,703,699
Value of net assets at end of year (total assets less liabilities)2017-12-31$7,868,397
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$6,164,698
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$0
Interest on participant loans2017-12-31$6,214
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$7,675,510
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$6,000,201
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$943,720
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$195,658
Employer contributions (assets) at end of year2017-12-31$3,411
Employer contributions (assets) at beginning of year2017-12-31$3,289
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$376,474
Contract administrator fees2017-12-31$0
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31CLARUS PARTNERS
Accountancy firm EIN2017-12-31261347383
2016 : QUANTUM VENTURES OF MICHIGAN 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$4,685,239
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$1,694,053
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$214,594
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$160,955
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,242,283
Value of total assets at end of year2016-12-31$6,164,698
Value of total assets at beginning of year2016-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$53,639
Total interest from all sources2016-12-31$5,771
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$780,697
Participant contributions at end of year2016-12-31$131,909
Participant contributions at beginning of year2016-12-31$0
Participant contributions at end of year2016-12-31$12,787
Participant contributions at beginning of year2016-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$292,232
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$16,512
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$1,479,459
Value of net assets at end of year (total assets less liabilities)2016-12-31$6,164,698
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Interest on participant loans2016-12-31$5,771
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$6,000,201
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$445,999
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$169,354
Employer contributions (assets) at end of year2016-12-31$3,289
Employer contributions (assets) at beginning of year2016-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$160,955
Contract administrator fees2016-12-31$53,639
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31CLARUS PARTNERS
Accountancy firm EIN2016-12-31261347383

Form 5500 Responses for QUANTUM VENTURES OF MICHIGAN 401(K) PLAN

2018: QUANTUM VENTURES OF MICHIGAN 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entityMulitple employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingYes
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: QUANTUM VENTURES OF MICHIGAN 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entityMulitple employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: QUANTUM VENTURES OF MICHIGAN 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entityMulitple employer plan
2016-01-01First time form 5500 has been submittedYes
2016-01-01Submission has been amendedYes
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number436-89683
Policy instance 1
Insurance contract or identification number436-89683
Number of Individuals Covered536
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $397
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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
Commission paid to Insurance BrokerUSD $397
Insurance broker organization code?3
Insurance broker nameNORTHWESTERN MUTUAL INV. SRCS

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