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MGS INC WELFARE BENEFIT PLAN 401k Plan overview

Plan NameMGS INC WELFARE BENEFIT PLAN
Plan identification number 502

MGS INC WELFARE BENEFIT PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Vision
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • Other welfare benefit cover

401k Sponsoring company profile

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

Company Name:MGS INC
Employer identification number (EIN):231605766
NAIC Classification:332900

Additional information about MGS INC

Jurisdiction of Incorporation: Alabama Secretary of State
Incorporation Date: 1996-04-29
Company Identification Number: 179-459
Legal Registered Office Address: 108 BUCKWORTH CIRCLE TRAFFORD,


United States of America (USA)
35172

More information about MGS INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MGS INC WELFARE BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5022023-12-01ANDREW GEHMAN
5022022-12-01
5022022-12-01ANDREW GEHMAN
5022021-12-01
5022021-12-01ANDREW GEHMAN
5022020-12-01
5022019-12-01
5022019-12-01
5022018-12-01
5022017-12-01
5022016-12-01ANDREW S. GEHMAN
5022016-06-01ANDREW S. GEHMAN ANDREW S. GEHMAN2017-06-27
5022015-06-01ANDREW S. GEHMAN ANDREW S. GEHMAN2017-01-23
5022014-06-01ANDREW S. GEHMAN ANDREW S. GEHMAN2015-12-15
5022013-06-01ANDREW S. GEHMAN ANDREW S. GEHMAN2015-01-14
5022012-06-01ANDREW S. GEHMAN ANDREW S. GEHMAN2014-01-08
5022011-06-01ANDREW S. GEHMAN ANDREW S. GEHMAN2013-01-18
5022010-06-01ANDREW S. GEHMAN ANDREW S. GEHMAN2012-03-03
5022009-06-01ANDREW S. GEHMAN ANDREW S. GEHMAN2011-02-19

Financial Data on MGS INC WELFARE BENEFIT PLAN

Measure Date Value
2023 : MGS INC WELFARE BENEFIT PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-11-30$152,449
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-11-30$105,638
Total income from all sources (including contributions)2023-11-30$1,928,962
Total loss/gain on sale of assets2023-11-30$0
Total of all expenses incurred2023-11-30$1,942,963
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-11-30$1,247,316
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-11-30$1,926,390
Value of total assets at end of year2023-11-30$109,928
Value of total assets at beginning of year2023-11-30$77,118
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-11-30$695,647
Total interest from all sources2023-11-30$2,572
Total dividends received (eg from common stock, registered investment company shares)2023-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-11-30No
Was this plan covered by a fidelity bond2023-11-30Yes
Value of fidelity bond cover2023-11-30$500,000
Were there any nonexempt tranactions with any party-in-interest2023-11-30No
Contributions received from participants2023-11-30$256,673
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-11-30$3,236
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-11-30$10,248
Liabilities. Value of operating payables at end of year2023-11-30$8,332
Liabilities. Value of operating payables at beginning of year2023-11-30$9,361
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-11-30No
Value of net income/loss2023-11-30$-14,001
Value of net assets at end of year (total assets less liabilities)2023-11-30$-42,521
Value of net assets at beginning of year (total assets less liabilities)2023-11-30$-28,520
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2023-11-30No
Were any leases to which the plan was party in default or uncollectible2023-11-30No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-11-30$106,692
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-11-30$66,870
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-11-30$66,870
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-11-30$2,572
Expenses. Payments to insurance carriers foe the provision of benefits2023-11-30$1,247,316
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-11-30No
Was there a failure to transmit to the plan any participant contributions2023-11-30No
Has the plan failed to provide any benefit when due under the plan2023-11-30No
Contributions received in cash from employer2023-11-30$1,669,717
Contract administrator fees2023-11-30$695,647
Liabilities. Value of benefit claims payable at end of year2023-11-30$144,117
Liabilities. Value of benefit claims payable at beginning of year2023-11-30$96,277
Did the plan have assets held for investment2023-11-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-11-30No
Opinion of an independent qualified public accountant for this plan2023-11-30Unqualified
Accountancy firm name2023-11-30SIMON LEVER, LLC
Accountancy firm EIN2023-11-30231692578
2022 : MGS INC WELFARE BENEFIT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-01$152,449
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-01$105,638
Total income from all sources (including contributions)2022-12-01$1,928,962
Total loss/gain on sale of assets2022-12-01$0
Total of all expenses incurred2022-12-01$1,942,963
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-01$1,247,316
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-01$1,926,390
Value of total assets at end of year2022-12-01$109,928
Value of total assets at beginning of year2022-12-01$77,118
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-01$695,647
Total interest from all sources2022-12-01$2,572
Total dividends received (eg from common stock, registered investment company shares)2022-12-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-01No
Was this plan covered by a fidelity bond2022-12-01Yes
Value of fidelity bond cover2022-12-01$500,000
Were there any nonexempt tranactions with any party-in-interest2022-12-01No
Contributions received from participants2022-12-01$256,673
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-01$3,236
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-01$10,248
Liabilities. Value of operating payables at end of year2022-12-01$8,332
Liabilities. Value of operating payables at beginning of year2022-12-01$9,361
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-01No
Value of net income/loss2022-12-01$-14,001
Value of net assets at end of year (total assets less liabilities)2022-12-01$-42,521
Value of net assets at beginning of year (total assets less liabilities)2022-12-01$-28,520
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-01No
Were any leases to which the plan was party in default or uncollectible2022-12-01No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-01$106,692
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-01$2,572
Expenses. Payments to insurance carriers foe the provision of benefits2022-12-01$1,247,316
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-01No
Was there a failure to transmit to the plan any participant contributions2022-12-01No
Has the plan failed to provide any benefit when due under the plan2022-12-01No
Contributions received in cash from employer2022-12-01$1,669,717
Contract administrator fees2022-12-01$695,647
Liabilities. Value of benefit claims payable at end of year2022-12-01$144,117
Liabilities. Value of benefit claims payable at beginning of year2022-12-01$96,277
Did the plan have assets held for investment2022-12-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-01No
Opinion of an independent qualified public accountant for this plan2022-12-011
Accountancy firm name2022-12-01SIMON LEVER, LLC
Accountancy firm EIN2022-12-01231692578
Total unrealized appreciation/depreciation of assets2022-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-11-30$105,638
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-11-30$117,072
Total income from all sources (including contributions)2022-11-30$1,370,483
Total loss/gain on sale of assets2022-11-30$0
Total of all expenses incurred2022-11-30$1,598,423
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-11-30$989,192
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-11-30$1,369,608
Value of total assets at end of year2022-11-30$77,118
Value of total assets at beginning of year2022-11-30$316,492
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-11-30$609,231
Total interest from all sources2022-11-30$875
Total dividends received (eg from common stock, registered investment company shares)2022-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-11-30No
Was this plan covered by a fidelity bond2022-11-30Yes
Value of fidelity bond cover2022-11-30$500,000
Were there any nonexempt tranactions with any party-in-interest2022-11-30No
Contributions received from participants2022-11-30$245,382
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-11-30$10,248
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-11-30$16,235
Liabilities. Value of operating payables at end of year2022-11-30$9,361
Liabilities. Value of operating payables at beginning of year2022-11-30$10,883
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-11-30No
Value of net income/loss2022-11-30$-227,940
Value of net assets at end of year (total assets less liabilities)2022-11-30$-28,520
Value of net assets at beginning of year (total assets less liabilities)2022-11-30$199,420
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2022-11-30No
Were any leases to which the plan was party in default or uncollectible2022-11-30No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-11-30$66,870
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-11-30$300,257
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-11-30$300,257
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-11-30$875
Expenses. Payments to insurance carriers foe the provision of benefits2022-11-30$989,192
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-11-30No
Was there a failure to transmit to the plan any participant contributions2022-11-30No
Has the plan failed to provide any benefit when due under the plan2022-11-30No
Contributions received in cash from employer2022-11-30$1,124,226
Contract administrator fees2022-11-30$609,231
Liabilities. Value of benefit claims payable at end of year2022-11-30$96,277
Liabilities. Value of benefit claims payable at beginning of year2022-11-30$106,189
Did the plan have assets held for investment2022-11-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-11-30No
Opinion of an independent qualified public accountant for this plan2022-11-30Unqualified
Accountancy firm name2022-11-30SIMON LEVER, LLC
Accountancy firm EIN2022-11-30231692578
2021 : MGS INC WELFARE BENEFIT PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-11-30$117,072
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-11-30$174,222
Total income from all sources (including contributions)2021-11-30$1,488,734
Total loss/gain on sale of assets2021-11-30$0
Total of all expenses incurred2021-11-30$1,394,474
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-11-30$799,294
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-11-30$1,488,137
Value of total assets at end of year2021-11-30$316,492
Value of total assets at beginning of year2021-11-30$279,382
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-11-30$595,180
Total interest from all sources2021-11-30$597
Total dividends received (eg from common stock, registered investment company shares)2021-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-11-30No
Was this plan covered by a fidelity bond2021-11-30Yes
Value of fidelity bond cover2021-11-30$500,000
Were there any nonexempt tranactions with any party-in-interest2021-11-30No
Contributions received from participants2021-11-30$244,538
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-11-30$16,235
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-11-30$1,659
Liabilities. Value of operating payables at end of year2021-11-30$10,883
Liabilities. Value of operating payables at beginning of year2021-11-30$15,265
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-11-30No
Value of net income/loss2021-11-30$94,260
Value of net assets at end of year (total assets less liabilities)2021-11-30$199,420
Value of net assets at beginning of year (total assets less liabilities)2021-11-30$105,160
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2021-11-30No
Were any leases to which the plan was party in default or uncollectible2021-11-30No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-11-30$300,257
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-11-30$277,723
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-11-30$277,723
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-11-30$597
Expenses. Payments to insurance carriers foe the provision of benefits2021-11-30$799,294
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-11-30No
Was there a failure to transmit to the plan any participant contributions2021-11-30No
Has the plan failed to provide any benefit when due under the plan2021-11-30No
Contributions received in cash from employer2021-11-30$1,243,599
Contract administrator fees2021-11-30$595,180
Liabilities. Value of benefit claims payable at end of year2021-11-30$106,189
Liabilities. Value of benefit claims payable at beginning of year2021-11-30$158,957
Did the plan have assets held for investment2021-11-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-11-30No
Opinion of an independent qualified public accountant for this plan2021-11-30Unqualified
Accountancy firm name2021-11-30SIMON LEVER, LLC
Accountancy firm EIN2021-11-30231692578
2020 : MGS INC WELFARE BENEFIT PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-11-30$79,260
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-11-30$85,073
Total income from all sources (including contributions)2020-11-30$1,498,420
Total loss/gain on sale of assets2020-11-30$0
Total of all expenses incurred2020-11-30$1,254,554
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-11-30$763,515
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-11-30$1,498,080
Value of total assets at end of year2020-11-30$264,117
Value of total assets at beginning of year2020-11-30$26,064
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-11-30$491,039
Total interest from all sources2020-11-30$340
Total dividends received (eg from common stock, registered investment company shares)2020-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-11-30No
Was this plan covered by a fidelity bond2020-11-30Yes
Value of fidelity bond cover2020-11-30$500,000
Were there any nonexempt tranactions with any party-in-interest2020-11-30No
Contributions received from participants2020-11-30$1,273,392
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-11-30$1,659
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-11-30$22,900
Liabilities. Value of operating payables at end of year2020-11-30$15,265
Liabilities. Value of operating payables at beginning of year2020-11-30$10,305
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-11-30No
Value of net income/loss2020-11-30$243,866
Value of net assets at end of year (total assets less liabilities)2020-11-30$184,857
Value of net assets at beginning of year (total assets less liabilities)2020-11-30$-59,009
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2020-11-30No
Were any leases to which the plan was party in default or uncollectible2020-11-30No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-11-30$262,458
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-11-30$3,164
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-11-30$3,164
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-11-30$340
Expenses. Payments to insurance carriers foe the provision of benefits2020-11-30$763,515
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-11-30No
Was there a failure to transmit to the plan any participant contributions2020-11-30No
Has the plan failed to provide any benefit when due under the plan2020-11-30No
Contributions received in cash from employer2020-11-30$224,688
Contract administrator fees2020-11-30$491,039
Liabilities. Value of benefit claims payable at end of year2020-11-30$79,260
Liabilities. Value of benefit claims payable at beginning of year2020-11-30$85,073
Did the plan have assets held for investment2020-11-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-11-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2020-11-30No
Opinion of an independent qualified public accountant for this plan2020-11-30Unqualified
Accountancy firm name2020-11-30SIMON LEVER, LLC
Accountancy firm EIN2020-11-30231692578
2019 : MGS INC WELFARE BENEFIT PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-11-30$85,073
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-11-30$11,121
Total income from all sources (including contributions)2019-11-30$1,137,976
Total loss/gain on sale of assets2019-11-30$0
Total of all expenses incurred2019-11-30$1,531,804
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-11-30$1,052,340
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-11-30$1,137,599
Value of total assets at end of year2019-11-30$26,064
Value of total assets at beginning of year2019-11-30$345,940
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-11-30$479,464
Total interest from all sources2019-11-30$377
Total dividends received (eg from common stock, registered investment company shares)2019-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-11-30No
Was this plan covered by a fidelity bond2019-11-30Yes
Value of fidelity bond cover2019-11-30$500,000
Were there any nonexempt tranactions with any party-in-interest2019-11-30No
Contributions received from participants2019-11-30$233,869
Income. Received or receivable in cash from other sources (including rollovers)2019-11-30$903,730
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-11-30$22,900
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-11-30$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-11-30No
Value of net income/loss2019-11-30$-393,828
Value of net assets at end of year (total assets less liabilities)2019-11-30$-59,009
Value of net assets at beginning of year (total assets less liabilities)2019-11-30$334,819
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2019-11-30No
Were any leases to which the plan was party in default or uncollectible2019-11-30No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-11-30$3,164
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-11-30$345,940
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-11-30$345,940
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-11-30$377
Expenses. Payments to insurance carriers foe the provision of benefits2019-11-30$1,052,340
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-11-30No
Was there a failure to transmit to the plan any participant contributions2019-11-30No
Has the plan failed to provide any benefit when due under the plan2019-11-30No
Contract administrator fees2019-11-30$479,464
Liabilities. Value of benefit claims payable at end of year2019-11-30$85,073
Liabilities. Value of benefit claims payable at beginning of year2019-11-30$11,121
Did the plan have assets held for investment2019-11-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-11-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-11-30No
Opinion of an independent qualified public accountant for this plan2019-11-30Unqualified
Accountancy firm name2019-11-30SIMON LEVER, LLC
Accountancy firm EIN2019-11-30231692578
2018 : MGS INC WELFARE BENEFIT PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-11-30$11,121
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-11-30$0
Total income from all sources (including contributions)2018-11-30$1,392,619
Total loss/gain on sale of assets2018-11-30$0
Total of all expenses incurred2018-11-30$1,057,800
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-11-30$581,471
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-11-30$1,392,099
Value of total assets at end of year2018-11-30$345,940
Value of total assets at beginning of year2018-11-30$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-11-30$476,329
Total interest from all sources2018-11-30$520
Total dividends received (eg from common stock, registered investment company shares)2018-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-11-30No
Was this plan covered by a fidelity bond2018-11-30Yes
Value of fidelity bond cover2018-11-30$500,000
Were there any nonexempt tranactions with any party-in-interest2018-11-30No
Contributions received from participants2018-11-30$236,726
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-11-30No
Value of net income/loss2018-11-30$334,819
Value of net assets at end of year (total assets less liabilities)2018-11-30$334,819
Value of net assets at beginning of year (total assets less liabilities)2018-11-30$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2018-11-30No
Were any leases to which the plan was party in default or uncollectible2018-11-30No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-11-30$345,940
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-11-30$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-11-30$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-11-30$520
Expenses. Payments to insurance carriers foe the provision of benefits2018-11-30$581,471
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-11-30No
Was there a failure to transmit to the plan any participant contributions2018-11-30No
Has the plan failed to provide any benefit when due under the plan2018-11-30No
Contributions received in cash from employer2018-11-30$1,155,373
Contract administrator fees2018-11-30$476,329
Liabilities. Value of benefit claims payable at end of year2018-11-30$11,121
Liabilities. Value of benefit claims payable at beginning of year2018-11-30$0
Did the plan have assets held for investment2018-11-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-11-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-11-30No
Opinion of an independent qualified public accountant for this plan2018-11-30Unqualified
Accountancy firm name2018-11-30SIMON LEVER, LLC
Accountancy firm EIN2018-11-30231692578

Form 5500 Responses for MGS INC WELFARE BENEFIT PLAN

2022: MGS INC WELFARE BENEFIT PLAN 2022 form 5500 responses
2022-12-01Type of plan entitySingle employer plan
2022-12-01Submission has been amendedNo
2022-12-01This submission is the final filingNo
2022-12-01This return/report is a short plan year return/report (less than 12 months)No
2022-12-01Plan is a collectively bargained planNo
2022-12-01Plan funding arrangement – InsuranceYes
2022-12-01Plan funding arrangement – TrustYes
2022-12-01Plan benefit arrangement – InsuranceYes
2022-12-01Plan benefit arrangement - TrustYes
2021: MGS INC WELFARE BENEFIT PLAN 2021 form 5500 responses
2021-12-01Type of plan entitySingle employer plan
2021-12-01Submission has been amendedNo
2021-12-01This submission is the final filingNo
2021-12-01This return/report is a short plan year return/report (less than 12 months)No
2021-12-01Plan is a collectively bargained planNo
2021-12-01Plan funding arrangement – InsuranceYes
2021-12-01Plan funding arrangement – TrustYes
2021-12-01Plan benefit arrangement – InsuranceYes
2021-12-01Plan benefit arrangement - TrustYes
2020: MGS INC WELFARE BENEFIT PLAN 2020 form 5500 responses
2020-12-01Type of plan entitySingle employer plan
2020-12-01Submission has been amendedNo
2020-12-01This submission is the final filingNo
2020-12-01This return/report is a short plan year return/report (less than 12 months)No
2020-12-01Plan is a collectively bargained planNo
2020-12-01Plan funding arrangement – InsuranceYes
2020-12-01Plan funding arrangement – TrustYes
2020-12-01Plan benefit arrangement – InsuranceYes
2020-12-01Plan benefit arrangement - TrustYes
2019: MGS INC WELFARE BENEFIT PLAN 2019 form 5500 responses
2019-12-01Type of plan entitySingle employer plan
2019-12-01Submission has been amendedNo
2019-12-01This submission is the final filingNo
2019-12-01This return/report is a short plan year return/report (less than 12 months)No
2019-12-01Plan is a collectively bargained planNo
2019-12-01Plan funding arrangement – InsuranceYes
2019-12-01Plan funding arrangement – TrustYes
2019-12-01Plan benefit arrangement – InsuranceYes
2019-12-01Plan benefit arrangement - TrustYes
2018: MGS INC WELFARE BENEFIT PLAN 2018 form 5500 responses
2018-12-01Type of plan entitySingle employer plan
2018-12-01Submission has been amendedNo
2018-12-01This submission is the final filingNo
2018-12-01This return/report is a short plan year return/report (less than 12 months)No
2018-12-01Plan is a collectively bargained planNo
2018-12-01Plan funding arrangement – InsuranceYes
2018-12-01Plan funding arrangement – TrustYes
2018-12-01Plan benefit arrangement – InsuranceYes
2018-12-01Plan benefit arrangement - TrustYes
2017: MGS INC WELFARE BENEFIT PLAN 2017 form 5500 responses
2017-12-01Type of plan entitySingle employer plan
2017-12-01Submission has been amendedNo
2017-12-01This submission is the final filingNo
2017-12-01This return/report is a short plan year return/report (less than 12 months)No
2017-12-01Plan is a collectively bargained planNo
2017-12-01Plan funding arrangement – InsuranceYes
2017-12-01Plan funding arrangement – TrustYes
2017-12-01Plan benefit arrangement – InsuranceYes
2017-12-01Plan benefit arrangement - TrustYes
2016: MGS INC WELFARE BENEFIT PLAN 2016 form 5500 responses
2016-12-01Type of plan entitySingle employer plan
2016-12-01Submission has been amendedNo
2016-12-01This submission is the final filingNo
2016-12-01This return/report is a short plan year return/report (less than 12 months)No
2016-12-01Plan is a collectively bargained planNo
2016-12-01Plan funding arrangement – InsuranceYes
2016-12-01Plan benefit arrangement – InsuranceYes
2016-06-01Type of plan entitySingle employer plan
2016-06-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-06-01Plan funding arrangement – InsuranceYes
2016-06-01Plan funding arrangement – General assets of the sponsorYes
2016-06-01Plan benefit arrangement – InsuranceYes
2016-06-01Plan benefit arrangement – General assets of the sponsorYes
2015: MGS INC WELFARE BENEFIT PLAN 2015 form 5500 responses
2015-06-01Type of plan entitySingle employer plan
2015-06-01Plan funding arrangement – InsuranceYes
2015-06-01Plan funding arrangement – General assets of the sponsorYes
2015-06-01Plan benefit arrangement – InsuranceYes
2015-06-01Plan benefit arrangement – General assets of the sponsorYes
2014: MGS INC WELFARE BENEFIT PLAN 2014 form 5500 responses
2014-06-01Type of plan entitySingle employer plan
2014-06-01Plan funding arrangement – InsuranceYes
2014-06-01Plan funding arrangement – General assets of the sponsorYes
2014-06-01Plan benefit arrangement – InsuranceYes
2014-06-01Plan benefit arrangement – General assets of the sponsorYes
2013: MGS INC WELFARE BENEFIT PLAN 2013 form 5500 responses
2013-06-01Type of plan entitySingle employer plan
2013-06-01Plan funding arrangement – InsuranceYes
2013-06-01Plan funding arrangement – General assets of the sponsorYes
2013-06-01Plan benefit arrangement – InsuranceYes
2013-06-01Plan benefit arrangement – General assets of the sponsorYes
2012: MGS INC WELFARE BENEFIT PLAN 2012 form 5500 responses
2012-06-01Type of plan entitySingle employer plan
2012-06-01Plan funding arrangement – InsuranceYes
2012-06-01Plan funding arrangement – General assets of the sponsorYes
2012-06-01Plan benefit arrangement – InsuranceYes
2012-06-01Plan benefit arrangement – General assets of the sponsorYes
2011: MGS INC WELFARE BENEFIT PLAN 2011 form 5500 responses
2011-06-01Type of plan entitySingle employer plan
2011-06-01Plan funding arrangement – InsuranceYes
2011-06-01Plan funding arrangement – General assets of the sponsorYes
2011-06-01Plan benefit arrangement – InsuranceYes
2011-06-01Plan benefit arrangement – General assets of the sponsorYes
2010: MGS INC WELFARE BENEFIT PLAN 2010 form 5500 responses
2010-06-01Type of plan entitySingle employer plan
2010-06-01Plan funding arrangement – InsuranceYes
2010-06-01Plan funding arrangement – General assets of the sponsorYes
2010-06-01Plan benefit arrangement – InsuranceYes
2010-06-01Plan benefit arrangement – General assets of the sponsorYes
2009: MGS INC WELFARE BENEFIT PLAN 2009 form 5500 responses
2009-06-01Type of plan entitySingle employer plan
2009-06-01Plan funding arrangement – InsuranceYes
2009-06-01Plan funding arrangement – General assets of the sponsorYes
2009-06-01Plan benefit arrangement – InsuranceYes
2009-06-01Plan benefit arrangement – General assets of the sponsorYes

Insurance Providers Used on plan

THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberDEP
Policy instance 9
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract number30500320
Policy instance 1
UNITED CONCORDIA INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 85766 )
Policy contract number0
Policy instance 2
DAVIS VISION (National Association of Insurance Commissioners NAIC id number: 93440 )
Policy contract numberVISSTDDVS
Policy instance 3
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberGTL20000
Policy instance 4
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberVSTD D13
Policy instance 5
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberVLTD D23
Policy instance 6
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number245166
Policy instance 7
UNIMERICA INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 91529 )
Policy contract numberUNI-203491
Policy instance 8
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract number30500320
Policy instance 1
UNITED CONCORDIA INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 85766 )
Policy contract number0
Policy instance 2
DAVIS VISION (National Association of Insurance Commissioners NAIC id number: 93440 )
Policy contract numberVISSTDDVS
Policy instance 3
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberGTL20000
Policy instance 4
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberVSTD D13
Policy instance 5
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberVLTD D23
Policy instance 6
SUN LIFE ASSURANCE COMPANY OF CANADA (National Association of Insurance Commissioners NAIC id number: 80802 )
Policy contract number245166
Policy instance 7
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract number30500320
Policy instance 1
UNITED CONCORDIA INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 85766 )
Policy contract number0
Policy instance 2
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberGTL20000
Policy instance 4
DAVIS VISION (National Association of Insurance Commissioners NAIC id number: 93440 )
Policy contract numberVISSTDDVS
Policy instance 3
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberVSTD D13
Policy instance 5
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberVLTD D23
Policy instance 6
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract number30500320
Policy instance 1
UNITED CONCORDIA INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 85766 )
Policy contract number0
Policy instance 2
DAVIS VISION (National Association of Insurance Commissioners NAIC id number: 93440 )
Policy contract numberVISSTDDVS
Policy instance 3
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberGTL20000
Policy instance 4
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberVSTD D13
Policy instance 5
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberVLTD D23
Policy instance 6
SUN LIFE ASSURANCE COMPANY OF CANADA (National Association of Insurance Commissioners NAIC id number: 80802 )
Policy contract number245166
Policy instance 2
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract numberVERIS
Policy instance 1
UNITED CONCORDIA INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 85766 )
Policy contract number0
Policy instance 3
DAVIS VISION (National Association of Insurance Commissioners NAIC id number: 93440 )
Policy contract numberVISSTDDVS
Policy instance 4
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberGTL20000
Policy instance 5
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberVSTD D13
Policy instance 6
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberVLTD D23
Policy instance 7
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number0
Policy instance 7
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number0
Policy instance 6
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number0
Policy instance 5
DAVIS VISION (National Association of Insurance Commissioners NAIC id number: 93440 )
Policy contract number0
Policy instance 4
UNITED CONCORDIA INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 85766 )
Policy contract number0
Policy instance 3
SUN LIFE ASSURANCE COMPANY OF CANADA (National Association of Insurance Commissioners NAIC id number: 80802 )
Policy contract number245166
Policy instance 2
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract numberVERIS
Policy instance 1
HEALTHAMERICA OF PENNSYLVANIA, INC. (National Association of Insurance Commissioners NAIC id number: 95060 )
Policy contract number1806410000
Policy instance 2
DAVIS VISION (National Association of Insurance Commissioners NAIC id number: 52429 )
Policy contract number2800300
Policy instance 3
UNITED CONCORDIA LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 62294 )
Policy contract number258118001
Policy instance 4
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number412296
Policy instance 5
AFLAC (National Association of Insurance Commissioners NAIC id number: 60380 )
Policy contract numberOADXI
Policy instance 6
SUN LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 80926 )
Policy contract number035-4702-00
Policy instance 1
SUN LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 80926 )
Policy contract number035-4702-00
Policy instance 1
HEALTHAMERICA OF PENNSYLVANIA, INC. (National Association of Insurance Commissioners NAIC id number: 95060 )
Policy contract number1806410000
Policy instance 2
DAVIS VISION (National Association of Insurance Commissioners NAIC id number: 52429 )
Policy contract number2800300
Policy instance 3
UNITED CONCORDIA LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 62294 )
Policy contract number258118001
Policy instance 4
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number412296
Policy instance 5
AFLAC (National Association of Insurance Commissioners NAIC id number: 60380 )
Policy contract numberOADXI
Policy instance 6
HEALTHAMERICA OF PENNSYLVANIA, INC. (National Association of Insurance Commissioners NAIC id number: 95060 )
Policy contract number1806410000
Policy instance 2
DAVIS VISION (National Association of Insurance Commissioners NAIC id number: 52429 )
Policy contract number2800300
Policy instance 3
UNITED CONCORDIA LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 62294 )
Policy contract number258118001
Policy instance 4
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number412296
Policy instance 5
AFLAC (National Association of Insurance Commissioners NAIC id number: 60380 )
Policy contract numberOADXI
Policy instance 6
SUN LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 80926 )
Policy contract number035-4702-00
Policy instance 1
AFLAC (National Association of Insurance Commissioners NAIC id number: 60380 )
Policy contract numberOADXI
Policy instance 6
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number412296
Policy instance 5
UNITED CONCORDIA LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 62294 )
Policy contract number258118001
Policy instance 4
DAVIS VISION (National Association of Insurance Commissioners NAIC id number: 52429 )
Policy contract number2800300
Policy instance 3
SUN LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 80926 )
Policy contract number035-4702-00
Policy instance 1
HEALTHAMERICA OF PENNSYLVANIA, INC. (National Association of Insurance Commissioners NAIC id number: 95060 )
Policy contract number1806410000
Policy instance 2
AFLAC (National Association of Insurance Commissioners NAIC id number: 60380 )
Policy contract numberOADXI
Policy instance 6
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number412296
Policy instance 5
UNITED CONCORDIA LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 62294 )
Policy contract number258118001
Policy instance 4
DAVIS VISION (National Association of Insurance Commissioners NAIC id number: 52429 )
Policy contract number2800300
Policy instance 3
HEALTHAMERICA OF PENNSYLVANIA, INC. (National Association of Insurance Commissioners NAIC id number: 95060 )
Policy contract number1806410000
Policy instance 2
SUN LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 80926 )
Policy contract number035-4702-00
Policy instance 1
AFLAC (National Association of Insurance Commissioners NAIC id number: 60380 )
Policy contract numberOADXI
Policy instance 7
CAPITAL ADVANTAGE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 41203 )
Policy contract number00521306
Policy instance 6
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number412296
Policy instance 5
UNITED CONCORDIA LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 62294 )
Policy contract number258118001
Policy instance 4
DAVIS VISION (National Association of Insurance Commissioners NAIC id number: 52429 )
Policy contract number2800300
Policy instance 3
KEYSTONE HEALTH PLAN CENTRAL (National Association of Insurance Commissioners NAIC id number: 95199 )
Policy contract number00521306
Policy instance 2
SUN LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 80926 )
Policy contract number035-4702-00
Policy instance 1

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