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MAGNUSON PRODUCTS, LLC. SUPERCHARGED SAVINGS PLAN 401k Plan overview

Plan NameMAGNUSON PRODUCTS, LLC. SUPERCHARGED SAVINGS PLAN
Plan identification number 001

MAGNUSON PRODUCTS, LLC. SUPERCHARGED SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

MAGNUSON PRODUCTS, LLC has sponsored the creation of one or more 401k plans.

Company Name:MAGNUSON PRODUCTS, LLC
Employer identification number (EIN):274033014
NAIC Classification:333610

Additional information about MAGNUSON PRODUCTS, LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 4878668

More information about MAGNUSON PRODUCTS, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAGNUSON PRODUCTS, LLC. SUPERCHARGED SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01CHERYL JOHNSON2023-10-16 CHERYL JOHNSON2023-10-16
0012021-01-01CHERYL JOHNSON2022-10-17 CHERYL JOHNSON2022-10-17
0012020-01-01JENNIFER BAIRD2021-03-09 JENNIFER BAIRD2021-03-09
0012018-01-01JENNIFER SKARE2019-08-20 JENNIFER SKARE2019-08-20
0012017-01-01JENNIFER SKARE2018-04-04 JENNIFER SKARE2018-04-04
0012016-01-01JENNIFER SKARE2017-04-21
0012015-01-01TRISH PYRON2016-06-29
0012014-01-01TRISH PYRON2015-06-05
0012013-01-01TRISH PYRON2014-06-10
0012012-01-01TRISH PYRON2013-04-08
0012011-01-01TRISH PYRON
0012010-01-01TRISH PYRON

Plan Statistics for MAGNUSON PRODUCTS, LLC. SUPERCHARGED SAVINGS PLAN

401k plan membership statisitcs for MAGNUSON PRODUCTS, LLC. SUPERCHARGED SAVINGS PLAN

Measure Date Value
2011: MAGNUSON PRODUCTS, LLC. SUPERCHARGED SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0153
Total number of active participants reported on line 7a of the Form 55002011-01-0134
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-018
Total of all active and inactive participants2011-01-0142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0142
Number of participants with account balances2011-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011
2010: MAGNUSON PRODUCTS, LLC. SUPERCHARGED SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0148
Total number of active participants reported on line 7a of the Form 55002010-01-0145
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-018
Total of all active and inactive participants2010-01-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0153
Number of participants with account balances2010-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010

Financial Data on MAGNUSON PRODUCTS, LLC. SUPERCHARGED SAVINGS PLAN

Measure Date Value
2011 : MAGNUSON PRODUCTS, LLC. SUPERCHARGED SAVINGS PLAN 2011 401k financial data
Total income from all sources2011-12-31$27,503
Expenses. Total of all expenses incurred2011-12-31$48,742
Benefits paid (including direct rollovers)2011-12-31$48,642
Total plan assets at end of year2011-12-31$341,836
Total plan assets at beginning of year2011-12-31$363,075
Value of fidelity bond covering the plan2011-12-31$100,000
Total contributions received or receivable from participants2011-12-31$30,147
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-7,985
Net income (gross income less expenses)2011-12-31$-21,239
Net plan assets at end of year (total assets less liabilities)2011-12-31$341,836
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$363,075
Assets. Value of participant loans2011-12-31$12,463
Total contributions received or receivable from employer(s)2011-12-31$5,341
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$100
2010 : MAGNUSON PRODUCTS, LLC. SUPERCHARGED SAVINGS PLAN 2010 401k financial data
Total income from all sources2010-12-31$92,433
Expenses. Total of all expenses incurred2010-12-31$14,450
Benefits paid (including direct rollovers)2010-12-31$14,300
Total plan assets at end of year2010-12-31$363,075
Total plan assets at beginning of year2010-12-31$285,092
Value of fidelity bond covering the plan2010-12-31$100,000
Total contributions received or receivable from participants2010-12-31$57,122
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$27,658
Net income (gross income less expenses)2010-12-31$77,983
Net plan assets at end of year (total assets less liabilities)2010-12-31$363,075
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$285,092
Assets. Value of participant loans2010-12-31$26,731
Total contributions received or receivable from employer(s)2010-12-31$7,653
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$150

Form 5500 Responses for MAGNUSON PRODUCTS, LLC. SUPERCHARGED SAVINGS PLAN

2011: MAGNUSON PRODUCTS, LLC. SUPERCHARGED SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan benefit arrangement – InsuranceYes
2010: MAGNUSON PRODUCTS, LLC. SUPERCHARGED SAVINGS PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

METLIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 87726 )
Policy contract number940075
Policy instance 1
Insurance contract or identification number940075
Number of Individuals Covered15
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $1,547
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
METLIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 87726 )
Policy contract number940075
Policy instance 1
Insurance contract or identification number940075
Number of Individuals Covered17
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $1,240
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,240
Insurance broker organization code?4
Insurance broker nameMORGAN STANLEY SMITH BARNEY LLC

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