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MVT 401(K) PLAN 401k Plan overview

Plan NameMVT 401(K) PLAN
Plan identification number 001

MVT 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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

MVT HOLDINGS, LLC has sponsored the creation of one or more 401k plans.

Company Name:MVT HOLDINGS, LLC
Employer identification number (EIN):231875312
NAIC Classification:484120
NAIC Description: General Freight Trucking, Long-Distance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MVT 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01GREG GINGER GREG GINGER2018-10-15

Plan Statistics for MVT 401(K) PLAN

401k plan membership statisitcs for MVT 401(K) PLAN

Measure Date Value
2022: MVT 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-012,555
Total number of active participants reported on line 7a of the Form 55002022-01-012,182
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01375
Total of all active and inactive participants2022-01-012,557
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-012,557
Number of participants with account balances2022-01-011,196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: MVT 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-012,663
Total number of active participants reported on line 7a of the Form 55002021-01-012,353
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01293
Total of all active and inactive participants2021-01-012,646
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-012,646
Number of participants with account balances2021-01-011,130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-012
2020: MVT 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-012,752
Total number of active participants reported on line 7a of the Form 55002020-01-012,684
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-01219
Total of all active and inactive participants2020-01-012,903
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-012,903
Number of participants with account balances2020-01-01867
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-013
2019: MVT 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-012,077
Total number of active participants reported on line 7a of the Form 55002019-01-012,111
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01126
Total of all active and inactive participants2019-01-012,237
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-012,237
Number of participants with account balances2019-01-01524
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-018
2018: MVT 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-011,253
Total number of active participants reported on line 7a of the Form 55002018-01-011,130
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01113
Total of all active and inactive participants2018-01-011,243
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-011,243
Number of participants with account balances2018-01-01392
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0112
2017: MVT 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-011,296
Total number of active participants reported on line 7a of the Form 55002017-01-011,011
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01101
Total of all active and inactive participants2017-01-011,112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-011,112
Number of participants with account balances2017-01-01378
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0139

Financial Data on MVT 401(K) PLAN

Measure Date Value
2022 : MVT 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$1,872,333
Total of all expenses incurred2022-12-31$3,432,463
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$3,282,512
Value of total corrective distributions2022-12-31$2,911
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$6,026,462
Value of total assets at end of year2022-12-31$26,655,017
Value of total assets at beginning of year2022-12-31$28,215,147
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$147,040
Total interest from all sources2022-12-31$48,950
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$3,557,876
Participant contributions at end of year2022-12-31$1,171,223
Participant contributions at beginning of year2022-12-31$891,466
Participant contributions at beginning of year2022-12-31$2,686
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$513,070
Other income not declared elsewhere2022-12-31$-341
Total non interest bearing cash at end of year2022-12-31$2,384
Total non interest bearing cash at beginning of year2022-12-31$1,989
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,560,130
Value of net assets at end of year (total assets less liabilities)2022-12-31$26,655,017
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$28,215,147
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$127,740
Value of interest in pooled separate accounts at end of year2022-12-31$25,481,410
Value of interest in pooled separate accounts at beginning of year2022-12-31$27,317,646
Interest on participant loans2022-12-31$48,950
Net investment gain/loss from pooled separate accounts2022-12-31$-4,202,738
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$1,955,516
Employer contributions (assets) at beginning of year2022-12-31$1,360
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$3,282,512
Contract administrator fees2022-12-31$19,300
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BEASLEY, MITCHELL & CO.
Accountancy firm EIN2022-12-31850366848
2021 : MVT 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$8,333,426
Total of all expenses incurred2021-12-31$2,974,783
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,650,500
Expenses. Certain deemed distributions of participant loans2021-12-31$152,135
Value of total corrective distributions2021-12-31$32,643
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$5,032,663
Value of total assets at end of year2021-12-31$28,215,147
Value of total assets at beginning of year2021-12-31$22,856,504
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$139,505
Total interest from all sources2021-12-31$51,150
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$2,750,020
Participant contributions at end of year2021-12-31$891,466
Participant contributions at beginning of year2021-12-31$1,033,139
Participant contributions at end of year2021-12-31$2,686
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$752,350
Other income not declared elsewhere2021-12-31$491
Total non interest bearing cash at end of year2021-12-31$1,989
Total non interest bearing cash at beginning of year2021-12-31$613
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$5,358,643
Value of net assets at end of year (total assets less liabilities)2021-12-31$28,215,147
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$22,856,504
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$125,205
Value of interest in pooled separate accounts at end of year2021-12-31$27,317,646
Value of interest in pooled separate accounts at beginning of year2021-12-31$21,822,752
Interest on participant loans2021-12-31$49,730
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$1,420
Net investment gain/loss from pooled separate accounts2021-12-31$3,249,122
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$1,530,293
Employer contributions (assets) at end of year2021-12-31$1,360
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$2,650,500
Contract administrator fees2021-12-31$14,300
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Disclaimer
Accountancy firm name2021-12-31BEASLEY, MITCHELL & CO.
Accountancy firm EIN2021-12-31850366848
2020 : MVT 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$11,354,742
Total of all expenses incurred2020-12-31$1,601,538
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,495,148
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$8,325,967
Value of total assets at end of year2020-12-31$22,856,504
Value of total assets at beginning of year2020-12-31$13,103,300
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$106,390
Total interest from all sources2020-12-31$47,606
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$2,048,252
Participant contributions at end of year2020-12-31$1,033,139
Participant contributions at beginning of year2020-12-31$591,880
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$5,184,248
Total non interest bearing cash at end of year2020-12-31$613
Total non interest bearing cash at beginning of year2020-12-31$30,385
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$9,753,204
Value of net assets at end of year (total assets less liabilities)2020-12-31$22,856,504
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$13,103,300
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$95,940
Value of interest in pooled separate accounts at end of year2020-12-31$21,822,752
Value of interest in pooled separate accounts at beginning of year2020-12-31$12,481,035
Interest on participant loans2020-12-31$44,509
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$3,097
Net investment gain/loss from pooled separate accounts2020-12-31$2,981,169
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$1,093,467
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,495,148
Contract administrator fees2020-12-31$10,450
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31BEASLEY, MITCHELL & CO.
Accountancy firm EIN2020-12-31850366848
2019 : MVT 401(K) PLAN 2019 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$71,069
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$71,069
Total income from all sources (including contributions)2019-12-31$4,915,675
Total income from all sources (including contributions)2019-12-31$4,915,675
Total of all expenses incurred2019-12-31$839,169
Total of all expenses incurred2019-12-31$839,169
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$752,269
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$752,269
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,970,084
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,970,084
Value of total assets at end of year2019-12-31$13,103,300
Value of total assets at end of year2019-12-31$13,103,300
Value of total assets at beginning of year2019-12-31$9,097,863
Value of total assets at beginning of year2019-12-31$9,097,863
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$86,900
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$86,900
Total interest from all sources2019-12-31$26,977
Total interest from all sources2019-12-31$26,977
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$1,370,544
Contributions received from participants2019-12-31$1,370,544
Participant contributions at end of year2019-12-31$591,880
Participant contributions at end of year2019-12-31$591,880
Participant contributions at beginning of year2019-12-31$436,862
Participant contributions at beginning of year2019-12-31$436,862
Participant contributions at beginning of year2019-12-31$3,689
Participant contributions at beginning of year2019-12-31$3,689
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$862,807
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$862,807
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$71,069
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$71,069
Other income not declared elsewhere2019-12-31$1,971
Other income not declared elsewhere2019-12-31$1,971
Total non interest bearing cash at end of year2019-12-31$30,385
Total non interest bearing cash at end of year2019-12-31$30,385
Total non interest bearing cash at beginning of year2019-12-31$21,864
Total non interest bearing cash at beginning of year2019-12-31$21,864
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$4,076,506
Value of net income/loss2019-12-31$4,076,506
Value of net assets at end of year (total assets less liabilities)2019-12-31$13,103,300
Value of net assets at end of year (total assets less liabilities)2019-12-31$13,103,300
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$9,026,794
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$9,026,794
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$78,350
Investment advisory and management fees2019-12-31$78,350
Value of interest in pooled separate accounts at end of year2019-12-31$12,481,035
Value of interest in pooled separate accounts at end of year2019-12-31$12,481,035
Value of interest in pooled separate accounts at beginning of year2019-12-31$8,633,791
Value of interest in pooled separate accounts at beginning of year2019-12-31$8,633,791
Interest on participant loans2019-12-31$26,977
Interest on participant loans2019-12-31$26,977
Net investment gain/loss from pooled separate accounts2019-12-31$1,916,643
Net investment gain/loss from pooled separate accounts2019-12-31$1,916,643
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$736,733
Contributions received in cash from employer2019-12-31$736,733
Employer contributions (assets) at beginning of year2019-12-31$1,657
Employer contributions (assets) at beginning of year2019-12-31$1,657
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$752,269
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$752,269
Contract administrator fees2019-12-31$8,550
Contract administrator fees2019-12-31$8,550
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BEASLEY, MITCHELL & CO.
Accountancy firm name2019-12-31BEASLEY, MITCHELL & CO.
Accountancy firm EIN2019-12-31850366848
Accountancy firm EIN2019-12-31850366848
2018 : MVT 401(K) PLAN 2018 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$71,069
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$69,497
Total income from all sources (including contributions)2018-12-31$979,856
Total of all expenses incurred2018-12-31$982,073
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$823,959
Value of total corrective distributions2018-12-31$88,884
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,465,035
Value of total assets at end of year2018-12-31$9,097,863
Value of total assets at beginning of year2018-12-31$9,098,508
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$69,230
Total interest from all sources2018-12-31$17,570
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
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$899,037
Participant contributions at end of year2018-12-31$436,862
Participant contributions at beginning of year2018-12-31$337,522
Participant contributions at end of year2018-12-31$3,689
Participant contributions at beginning of year2018-12-31$20,158
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$206,279
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$71,069
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$69,497
Administrative expenses (other) incurred2018-12-31$70
Total non interest bearing cash at end of year2018-12-31$21,864
Total non interest bearing cash at beginning of year2018-12-31$2,751
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-2,217
Value of net assets at end of year (total assets less liabilities)2018-12-31$9,026,794
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$9,029,011
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
Investment advisory and management fees2018-12-31$62,860
Value of interest in pooled separate accounts at end of year2018-12-31$8,633,791
Value of interest in pooled separate accounts at beginning of year2018-12-31$8,730,329
Interest on participant loans2018-12-31$17,570
Net investment gain/loss from pooled separate accounts2018-12-31$-502,749
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 contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$359,719
Employer contributions (assets) at end of year2018-12-31$1,657
Employer contributions (assets) at beginning of year2018-12-31$7,748
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$823,959
Contract administrator fees2018-12-31$6,300
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 PBGC2018-12-31No
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 name2018-12-31BEASLEY, MITCHELL & CO.
Accountancy firm EIN2018-12-31850366848
2017 : MVT 401(K) PLAN 2017 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$69,497
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$61,939
Total income from all sources (including contributions)2017-12-31$2,240,872
Total of all expenses incurred2017-12-31$1,509,942
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,407,491
Value of total corrective distributions2017-12-31$69,497
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,212,296
Value of total assets at end of year2017-12-31$9,070,602
Value of total assets at beginning of year2017-12-31$8,332,114
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$32,954
Total interest from all sources2017-12-31$18,886
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
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$912,711
Participant contributions at end of year2017-12-31$337,522
Participant contributions at beginning of year2017-12-31$510,651
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$69,497
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$61,939
Other income not declared elsewhere2017-12-31$-383
Total non interest bearing cash at end of year2017-12-31$2,751
Total non interest bearing cash at beginning of year2017-12-31$50,849
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$730,930
Value of net assets at end of year (total assets less liabilities)2017-12-31$9,001,105
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$8,270,175
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$23,604
Value of interest in pooled separate accounts at end of year2017-12-31$8,730,329
Value of interest in pooled separate accounts at beginning of year2017-12-31$7,770,614
Interest on participant loans2017-12-31$18,886
Net investment gain/loss from pooled separate accounts2017-12-31$1,010,073
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 contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$299,585
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,407,491
Contract administrator fees2017-12-31$9,350
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 name2017-12-31BEASLEY, MITCHELL & CO.
Accountancy firm EIN2017-12-31850366848

Form 5500 Responses for MVT 401(K) PLAN

2022: MVT 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MVT 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MVT 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MVT 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MVT 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
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 - TrustYes
2017: MVT 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle 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 - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number107713
Policy instance 1
Insurance contract or identification number107713
Number of Individuals Covered1271
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $7,036
Total amount of fees paid to insurance companyUSD $19,300
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $6,856
Insurance broker organization code?3
Amount paid for insurance broker fees19300
Additional information about fees paid to insurance brokerTHIRD PARTY ADMIN
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number107713
Policy instance 1
Insurance contract or identification number107713
Number of Individuals Covered1191
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $48,001
Total amount of fees paid to insurance companyUSD $23,473
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $48,001
Insurance broker organization code?3
Amount paid for insurance broker fees23473
Additional information about fees paid to insurance brokerPLAN ADMINISTRATION
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number107713
Policy instance 1
Insurance contract or identification number107713
Number of Individuals Covered938
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $34,377
Total amount of fees paid to insurance companyUSD $34,377
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $34,377
Insurance broker organization code?3
Amount paid for insurance broker fees34377
Additional information about fees paid to insurance brokerPLAN ADMINISTRATION
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number107713
Policy instance 1
Insurance contract or identification number107713
Number of Individuals Covered566
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $26,302
Total amount of fees paid to insurance companyUSD $13,586
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $26,302
Insurance broker organization code?3
Amount paid for insurance broker fees13586
Additional information about fees paid to insurance brokerADMIN FEES
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number107713
Policy instance 1
Insurance contract or identification number107713
Number of Individuals Covered461
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $22,107
Total amount of fees paid to insurance companyUSD $6,677
Commission paid to Insurance BrokerUSD $22,107
Insurance broker organization code?3
Amount paid for insurance broker fees6677
Additional information about fees paid to insurance brokerPLAN ADMINISTRATION
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number107713
Policy instance 1
Insurance contract or identification number107713
Number of Individuals Covered403
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $35,215
Total amount of fees paid to insurance companyUSD $13,269
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $35,215
Insurance broker organization code?3
Amount paid for insurance broker fees13269
Additional information about fees paid to insurance brokerTHIRD-PARTY ADMINISTRATION
Insurance broker nameSUNBURST PENSION SERVICES

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