MACKINAC FINANCIAL CORPORATION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan MACKINAC FINANCIAL CORPORATION 401K PLAN
Measure | Date | Value |
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2022 : MACKINAC FINANCIAL CORPORATION 401K PLAN 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-04-11 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-04-11 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-04-11 | $0 |
Total income from all sources (including contributions) | 2022-04-11 | $-103,799 |
Total loss/gain on sale of assets | 2022-04-11 | $0 |
Total of all expenses incurred | 2022-04-11 | $1,634,228 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-04-11 | $1,630,120 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-04-11 | $0 |
Value of total assets at end of year | 2022-04-11 | $0 |
Value of total assets at beginning of year | 2022-04-11 | $1,738,027 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-04-11 | $4,108 |
Total interest from all sources | 2022-04-11 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-04-11 | $9,360 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-04-11 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2022-04-11 | $0 |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-04-11 | $605 |
Was this plan covered by a fidelity bond | 2022-04-11 | Yes |
Value of fidelity bond cover | 2022-04-11 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2022-04-11 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2022-04-11 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2022-04-11 | No |
Administrative expenses (other) incurred | 2022-04-11 | $4,108 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-04-11 | No |
Value of net income/loss | 2022-04-11 | $-1,738,027 |
Value of net assets at end of year (total assets less liabilities) | 2022-04-11 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-04-11 | $1,738,027 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-04-11 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-04-11 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-04-11 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-04-11 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-04-11 | $1,659,422 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-04-11 | $0 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-04-11 | $401 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-04-11 | $401 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-04-11 | $-113,159 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-04-11 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-04-11 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-04-11 | No |
Assets. Invements in employer securities at end of year | 2022-04-11 | $0 |
Assets. Invements in employer securities at beginning of year | 2022-04-11 | $78,204 |
Income. Dividends from common stock | 2022-04-11 | $8,755 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-04-11 | $1,630,120 |
Did the plan have assets held for investment | 2022-04-11 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-04-11 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-04-11 | Yes |
Opinion of an independent qualified public accountant for this plan | 2022-04-11 | Unqualified |
Accountancy firm name | 2022-04-11 | PLANTE & MORAN |
Accountancy firm EIN | 2022-04-11 | 381357951 |
2021 : MACKINAC FINANCIAL CORPORATION 401K PLAN 2021 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total income from all sources (including contributions) | 2021-12-31 | $4,309,506 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $21,689,586 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $21,608,905 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $1,712,564 |
Value of total assets at end of year | 2021-12-31 | $1,738,027 |
Value of total assets at beginning of year | 2021-12-31 | $19,118,107 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $80,681 |
Total interest from all sources | 2021-12-31 | $21,301 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $2,120,322 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $2,089,628 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $1,070,631 |
Participant contributions at end of year | 2021-12-31 | $0 |
Participant contributions at beginning of year | 2021-12-31 | $633,519 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $159,186 |
Other income not declared elsewhere | 2021-12-31 | $455,319 |
Administrative expenses (other) incurred | 2021-12-31 | $80,167 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $-17,380,080 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $1,738,027 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $19,118,107 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Investment advisory and management fees | 2021-12-31 | $514 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $1,659,422 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $17,053,373 |
Interest on participant loans | 2021-12-31 | $21,301 |
Value of interest in common/collective trusts at end of year | 2021-12-31 | $0 |
Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $490 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $401 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $10,704 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $10,704 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Assets. Invements in employer securities at end of year | 2021-12-31 | $78,204 |
Assets. Invements in employer securities at beginning of year | 2021-12-31 | $975,617 |
Contributions received in cash from employer | 2021-12-31 | $482,747 |
Employer contributions (assets) at end of year | 2021-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $444,404 |
Income. Dividends from common stock | 2021-12-31 | $30,694 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $21,608,905 |
Did the plan have assets held for investment | 2021-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Disclaimer |
Accountancy firm name | 2021-12-31 | PLANTE & MORAN |
Accountancy firm EIN | 2021-12-31 | 381357951 |
2020 : MACKINAC FINANCIAL CORPORATION 401K PLAN 2020 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total income from all sources (including contributions) | 2020-12-31 | $3,788,502 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $1,082,291 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $1,014,980 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $1,679,477 |
Value of total assets at end of year | 2020-12-31 | $19,118,107 |
Value of total assets at beginning of year | 2020-12-31 | $16,411,896 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $67,311 |
Total interest from all sources | 2020-12-31 | $68,692 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $2,040,333 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $2,040,333 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Contributions received from participants | 2020-12-31 | $1,167,867 |
Participant contributions at end of year | 2020-12-31 | $633,519 |
Participant contributions at beginning of year | 2020-12-31 | $468,587 |
Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $67,137 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2020-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2020-12-31 | $0 |
Administrative expenses (other) incurred | 2020-12-31 | $67,311 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $2,706,211 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $19,118,107 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $16,411,896 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $17,053,373 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $14,282,092 |
Interest on participant loans | 2020-12-31 | $68,692 |
Value of interest in common/collective trusts at end of year | 2020-12-31 | $490 |
Value of interest in common/collective trusts at beginning of year | 2020-12-31 | $5 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $10,704 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-12-31 | $10,548 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-12-31 | $10,548 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Assets. Invements in employer securities at end of year | 2020-12-31 | $975,617 |
Assets. Invements in employer securities at beginning of year | 2020-12-31 | $1,315,419 |
Contributions received in cash from employer | 2020-12-31 | $444,473 |
Employer contributions (assets) at end of year | 2020-12-31 | $444,404 |
Employer contributions (assets) at beginning of year | 2020-12-31 | $335,245 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $1,014,980 |
Did the plan have assets held for investment | 2020-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | PLANTE & MORAN |
Accountancy firm EIN | 2020-12-31 | 381357951 |
2019 : MACKINAC FINANCIAL CORPORATION 401K PLAN 2019 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total income from all sources (including contributions) | 2019-12-31 | $4,295,098 |
Total loss/gain on sale of assets | 2019-12-31 | $0 |
Total of all expenses incurred | 2019-12-31 | $2,125,953 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $2,108,146 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $1,381,810 |
Value of total assets at end of year | 2019-12-31 | $16,411,896 |
Value of total assets at beginning of year | 2019-12-31 | $14,242,751 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $17,807 |
Total interest from all sources | 2019-12-31 | $24,580 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Contributions received from participants | 2019-12-31 | $1,008,185 |
Participant contributions at end of year | 2019-12-31 | $468,587 |
Participant contributions at beginning of year | 2019-12-31 | $465,619 |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $38,380 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2019-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2019-12-31 | $0 |
Total non interest bearing cash at end of year | 2019-12-31 | $0 |
Total non interest bearing cash at beginning of year | 2019-12-31 | $1,260 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Income. Non cash contributions | 2019-12-31 | $0 |
Value of net income/loss | 2019-12-31 | $2,169,145 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $16,411,896 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $14,242,751 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Investment advisory and management fees | 2019-12-31 | $17,807 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $14,282,092 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $0 |
Value of interest in pooled separate accounts at end of year | 2019-12-31 | $0 |
Value of interest in pooled separate accounts at beginning of year | 2019-12-31 | $12,325,917 |
Interest on participant loans | 2019-12-31 | $24,580 |
Value of interest in common/collective trusts at end of year | 2019-12-31 | $5 |
Value of interest in common/collective trusts at beginning of year | 2019-12-31 | $0 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $10,548 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $9,232 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $9,232 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $2,888,708 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Assets. Invements in employer securities at end of year | 2019-12-31 | $1,315,419 |
Assets. Invements in employer securities at beginning of year | 2019-12-31 | $1,051,746 |
Contributions received in cash from employer | 2019-12-31 | $335,245 |
Employer contributions (assets) at end of year | 2019-12-31 | $335,245 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $388,977 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $2,108,146 |
Did the plan have assets held for investment | 2019-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Unqualified |
Accountancy firm name | 2019-12-31 | PLANTE & MORAN |
Accountancy firm EIN | 2019-12-31 | 381357951 |
2018 : MACKINAC FINANCIAL CORPORATION 401K PLAN 2018 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2018-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total income from all sources (including contributions) | 2018-12-31 | $3,399,749 |
Total loss/gain on sale of assets | 2018-12-31 | $0 |
Total of all expenses incurred | 2018-12-31 | $888,642 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $888,642 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $4,605,121 |
Value of total assets at end of year | 2018-12-31 | $14,242,751 |
Value of total assets at beginning of year | 2018-12-31 | $11,731,644 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $0 |
Total interest from all sources | 2018-12-31 | $20,796 |
Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Contributions received from participants | 2018-12-31 | $845,819 |
Participant contributions at end of year | 2018-12-31 | $465,619 |
Participant contributions at beginning of year | 2018-12-31 | $339,820 |
Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $3,370,325 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2018-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2018-12-31 | $0 |
Total non interest bearing cash at end of year | 2018-12-31 | $1,260 |
Total non interest bearing cash at beginning of year | 2018-12-31 | $2,169 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $2,511,107 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $14,242,751 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $11,731,644 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2018-12-31 | $12,325,917 |
Value of interest in pooled separate accounts at beginning of year | 2018-12-31 | $10,543,918 |
Interest on participant loans | 2018-12-31 | $20,796 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2018-12-31 | $9,232 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2018-12-31 | $4,134 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2018-12-31 | $4,134 |
Net investment gain/loss from pooled separate accounts | 2018-12-31 | $-1,226,168 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Assets. Invements in employer securities at end of year | 2018-12-31 | $1,051,746 |
Assets. Invements in employer securities at beginning of year | 2018-12-31 | $548,296 |
Contributions received in cash from employer | 2018-12-31 | $388,977 |
Employer contributions (assets) at end of year | 2018-12-31 | $388,977 |
Employer contributions (assets) at beginning of year | 2018-12-31 | $293,307 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $888,642 |
Did the plan have assets held for investment | 2018-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Unqualified |
Accountancy firm name | 2018-12-31 | PLANTE & MORAN |
Accountancy firm EIN | 2018-12-31 | 381357951 |
2017 : MACKINAC FINANCIAL CORPORATION 401K PLAN 2017 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2017-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $20,811 |
Total income from all sources (including contributions) | 2017-12-31 | $2,843,070 |
Total loss/gain on sale of assets | 2017-12-31 | $0 |
Total of all expenses incurred | 2017-12-31 | $888,883 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $888,883 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $1,222,860 |
Value of total assets at end of year | 2017-12-31 | $11,731,644 |
Value of total assets at beginning of year | 2017-12-31 | $9,798,268 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $0 |
Total interest from all sources | 2017-12-31 | $12,346 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
Value of fidelity bond cover | 2017-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
Contributions received from participants | 2017-12-31 | $663,919 |
Participant contributions at end of year | 2017-12-31 | $339,820 |
Participant contributions at beginning of year | 2017-12-31 | $267,605 |
Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $265,634 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2017-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2017-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2017-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2017-12-31 | $20,811 |
Total non interest bearing cash at end of year | 2017-12-31 | $2,169 |
Total non interest bearing cash at beginning of year | 2017-12-31 | $9,563 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Value of net income/loss | 2017-12-31 | $1,954,187 |
Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $11,731,644 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $9,777,457 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2017-12-31 | $10,543,918 |
Value of interest in pooled separate accounts at beginning of year | 2017-12-31 | $8,596,173 |
Interest on participant loans | 2017-12-31 | $12,346 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2017-12-31 | $4,134 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2017-12-31 | $4,680 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2017-12-31 | $4,680 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $1,607,864 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
Assets. Invements in employer securities at end of year | 2017-12-31 | $548,296 |
Assets. Invements in employer securities at beginning of year | 2017-12-31 | $635,975 |
Contributions received in cash from employer | 2017-12-31 | $293,307 |
Employer contributions (assets) at end of year | 2017-12-31 | $293,307 |
Employer contributions (assets) at beginning of year | 2017-12-31 | $284,272 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $888,883 |
Did the plan have assets held for investment | 2017-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Unqualified |
Accountancy firm name | 2017-12-31 | PLANTE & MORAN |
Accountancy firm EIN | 2017-12-31 | 381357951 |
2016 : MACKINAC FINANCIAL CORPORATION 401K PLAN 2016 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2016-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $20,811 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total income from all sources (including contributions) | 2016-12-31 | $3,380,318 |
Total loss/gain on sale of assets | 2016-12-31 | $0 |
Total of all expenses incurred | 2016-12-31 | $249,543 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $249,543 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $2,735,439 |
Value of total assets at end of year | 2016-12-31 | $9,798,268 |
Value of total assets at beginning of year | 2016-12-31 | $6,646,682 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $0 |
Total interest from all sources | 2016-12-31 | $10,775 |
Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Contributions received from participants | 2016-12-31 | $580,793 |
Participant contributions at end of year | 2016-12-31 | $267,605 |
Participant contributions at beginning of year | 2016-12-31 | $226,208 |
Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $1,870,374 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2016-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2016-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2016-12-31 | $20,811 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2016-12-31 | $0 |
Other income not declared elsewhere | 2016-12-31 | $109,258 |
Total non interest bearing cash at end of year | 2016-12-31 | $9,563 |
Total non interest bearing cash at beginning of year | 2016-12-31 | $1,280 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $3,130,775 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $9,777,457 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $6,646,682 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2016-12-31 | $8,596,173 |
Value of interest in pooled separate accounts at beginning of year | 2016-12-31 | $5,680,400 |
Interest on participant loans | 2016-12-31 | $10,775 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2016-12-31 | $4,680 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2016-12-31 | $4,100 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2016-12-31 | $4,100 |
Net investment gain/loss from pooled separate accounts | 2016-12-31 | $524,846 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Assets. Invements in employer securities at end of year | 2016-12-31 | $635,975 |
Assets. Invements in employer securities at beginning of year | 2016-12-31 | $472,848 |
Contributions received in cash from employer | 2016-12-31 | $284,272 |
Employer contributions (assets) at end of year | 2016-12-31 | $284,272 |
Employer contributions (assets) at beginning of year | 2016-12-31 | $261,846 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $249,543 |
Did the plan have assets held for investment | 2016-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Unqualified |
Accountancy firm name | 2016-12-31 | PLANTE & MORAN |
Accountancy firm EIN | 2016-12-31 | 381357951 |
2015 : MACKINAC FINANCIAL CORPORATION 401K PLAN 2015 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2015-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $0 |
Total income from all sources (including contributions) | 2015-12-31 | $1,376,302 |
Total loss/gain on sale of assets | 2015-12-31 | $0 |
Total of all expenses incurred | 2015-12-31 | $278,968 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $278,968 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $1,477,080 |
Value of total assets at end of year | 2015-12-31 | $6,646,682 |
Value of total assets at beginning of year | 2015-12-31 | $5,549,348 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $0 |
Total interest from all sources | 2015-12-31 | $8,420 |
Total dividends received (eg from common stock, registered investment company shares) | 2015-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
Contributions received from participants | 2015-12-31 | $507,960 |
Participant contributions at end of year | 2015-12-31 | $226,208 |
Participant contributions at beginning of year | 2015-12-31 | $227,960 |
Income. Received or receivable in cash from other sources (including rollovers) | 2015-12-31 | $707,274 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2015-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2015-12-31 | $0 |
Other income not declared elsewhere | 2015-12-31 | $2,357 |
Total non interest bearing cash at end of year | 2015-12-31 | $1,280 |
Total non interest bearing cash at beginning of year | 2015-12-31 | $695 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Value of net income/loss | 2015-12-31 | $1,097,334 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $6,646,682 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $5,549,348 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2015-12-31 | $5,680,400 |
Value of interest in pooled separate accounts at beginning of year | 2015-12-31 | $4,663,820 |
Interest on participant loans | 2015-12-31 | $8,420 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2015-12-31 | $4,100 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2015-12-31 | $17,064 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2015-12-31 | $17,064 |
Net investment gain/loss from pooled separate accounts | 2015-12-31 | $-111,555 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
Assets. Invements in employer securities at end of year | 2015-12-31 | $472,848 |
Assets. Invements in employer securities at beginning of year | 2015-12-31 | $426,529 |
Contributions received in cash from employer | 2015-12-31 | $261,846 |
Employer contributions (assets) at end of year | 2015-12-31 | $261,846 |
Employer contributions (assets) at beginning of year | 2015-12-31 | $213,280 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $278,968 |
Did the plan have assets held for investment | 2015-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Unqualified |
Accountancy firm name | 2015-12-31 | PLANTE & MORAN |
Accountancy firm EIN | 2015-12-31 | 381357951 |
2014 : MACKINAC FINANCIAL CORPORATION 401K PLAN 2014 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2014-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $0 |
Total income from all sources (including contributions) | 2014-12-31 | $926,689 |
Total loss/gain on sale of assets | 2014-12-31 | $0 |
Total of all expenses incurred | 2014-12-31 | $158,379 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $158,379 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $654,691 |
Value of total assets at end of year | 2014-12-31 | $5,549,348 |
Value of total assets at beginning of year | 2014-12-31 | $4,781,038 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $0 |
Total interest from all sources | 2014-12-31 | $8,996 |
Total dividends received (eg from common stock, registered investment company shares) | 2014-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
Value of fidelity bond cover | 2014-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
Contributions received from participants | 2014-12-31 | $395,955 |
Participant contributions at end of year | 2014-12-31 | $227,960 |
Participant contributions at beginning of year | 2014-12-31 | $226,133 |
Income. Received or receivable in cash from other sources (including rollovers) | 2014-12-31 | $45,456 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2014-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2014-12-31 | $0 |
Other income not declared elsewhere | 2014-12-31 | $75,449 |
Total non interest bearing cash at end of year | 2014-12-31 | $695 |
Total non interest bearing cash at beginning of year | 2014-12-31 | $8,610 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
Value of net income/loss | 2014-12-31 | $768,310 |
Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $5,549,348 |
Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $4,781,038 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2014-12-31 | $4,663,820 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2014-12-31 | $3,994,020 |
Interest on participant loans | 2014-12-31 | $8,996 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2014-12-31 | $17,064 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2014-12-31 | $3,366 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2014-12-31 | $3,366 |
Net investment gain/loss from pooled separate accounts | 2014-12-31 | $187,553 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
Assets. Invements in employer securities at end of year | 2014-12-31 | $426,529 |
Assets. Invements in employer securities at beginning of year | 2014-12-31 | $354,367 |
Contributions received in cash from employer | 2014-12-31 | $213,280 |
Employer contributions (assets) at end of year | 2014-12-31 | $213,280 |
Employer contributions (assets) at beginning of year | 2014-12-31 | $194,542 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $158,379 |
Did the plan have assets held for investment | 2014-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Unqualified |
Accountancy firm name | 2014-12-31 | PLANTE & MORAN |
Accountancy firm EIN | 2014-12-31 | 381357951 |
2013 : MACKINAC FINANCIAL CORPORATION 401K PLAN 2013 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2013-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $0 |
Total income from all sources (including contributions) | 2013-12-31 | $1,273,883 |
Total loss/gain on sale of assets | 2013-12-31 | $0 |
Total of all expenses incurred | 2013-12-31 | $386,374 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $386,374 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $546,026 |
Value of total assets at end of year | 2013-12-31 | $4,781,038 |
Value of total assets at beginning of year | 2013-12-31 | $3,893,529 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $0 |
Total interest from all sources | 2013-12-31 | $9,462 |
Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | No |
Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
Value of fidelity bond cover | 2013-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2013-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
Contributions received from participants | 2013-12-31 | $333,015 |
Participant contributions at end of year | 2013-12-31 | $226,133 |
Participant contributions at beginning of year | 2013-12-31 | $197,842 |
Income. Received or receivable in cash from other sources (including rollovers) | 2013-12-31 | $18,469 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2013-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2013-12-31 | $1,434 |
Other income not declared elsewhere | 2013-12-31 | $103,158 |
Total non interest bearing cash at end of year | 2013-12-31 | $8,610 |
Total non interest bearing cash at beginning of year | 2013-12-31 | $448 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
Value of net income/loss | 2013-12-31 | $887,509 |
Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $4,781,038 |
Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $3,893,529 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2013-12-31 | $3,994,020 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2013-12-31 | $3,271,171 |
Interest on participant loans | 2013-12-31 | $9,462 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2013-12-31 | $3,366 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2013-12-31 | $1,129 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2013-12-31 | $1,129 |
Net investment gain/loss from pooled separate accounts | 2013-12-31 | $615,237 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
Assets. Invements in employer securities at end of year | 2013-12-31 | $354,367 |
Assets. Invements in employer securities at beginning of year | 2013-12-31 | $254,091 |
Contributions received in cash from employer | 2013-12-31 | $194,542 |
Employer contributions (assets) at end of year | 2013-12-31 | $194,542 |
Employer contributions (assets) at beginning of year | 2013-12-31 | $167,414 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $386,374 |
Did the plan have assets held for investment | 2013-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Unqualified |
Accountancy firm name | 2013-12-31 | PLANTE & MORAN |
Accountancy firm EIN | 2013-12-31 | 381357951 |
2012 : MACKINAC FINANCIAL CORPORATION 401K PLAN 2012 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2012-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $0 |
Total income from all sources (including contributions) | 2012-12-31 | $972,488 |
Total loss/gain on sale of assets | 2012-12-31 | $0 |
Total of all expenses incurred | 2012-12-31 | $152,830 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $144,296 |
Expenses. Certain deemed distributions of participant loans | 2012-12-31 | $8,534 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $525,226 |
Value of total assets at end of year | 2012-12-31 | $3,893,529 |
Value of total assets at beginning of year | 2012-12-31 | $3,073,871 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $0 |
Total interest from all sources | 2012-12-31 | $8,048 |
Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $1,434 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
Value of fidelity bond cover | 2012-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
Contributions received from participants | 2012-12-31 | $277,260 |
Participant contributions at end of year | 2012-12-31 | $197,842 |
Participant contributions at beginning of year | 2012-12-31 | $169,007 |
Income. Received or receivable in cash from other sources (including rollovers) | 2012-12-31 | $80,552 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2012-12-31 | $1,434 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2012-12-31 | $0 |
Other income not declared elsewhere | 2012-12-31 | $54,076 |
Total non interest bearing cash at end of year | 2012-12-31 | $448 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
Value of net income/loss | 2012-12-31 | $819,658 |
Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $3,893,529 |
Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $3,073,871 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2012-12-31 | $3,271,171 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-12-31 | $2,667,268 |
Interest on participant loans | 2012-12-31 | $8,048 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2012-12-31 | $1,129 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2012-12-31 | $1,461 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2012-12-31 | $1,461 |
Net investment gain/loss from pooled separate accounts | 2012-12-31 | $383,704 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
Assets. Invements in employer securities at end of year | 2012-12-31 | $254,091 |
Assets. Invements in employer securities at beginning of year | 2012-12-31 | $109,880 |
Contributions received in cash from employer | 2012-12-31 | $167,414 |
Employer contributions (assets) at end of year | 2012-12-31 | $167,414 |
Employer contributions (assets) at beginning of year | 2012-12-31 | $126,255 |
Income. Dividends from common stock | 2012-12-31 | $1,434 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $144,296 |
Did the plan have assets held for investment | 2012-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Unqualified |
Accountancy firm name | 2012-12-31 | PLANTE & MORAN |
Accountancy firm EIN | 2012-12-31 | 381357951 |
2011 : MACKINAC FINANCIAL CORPORATION 401K PLAN 2011 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2011-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
Total income from all sources (including contributions) | 2011-12-31 | $290,896 |
Total loss/gain on sale of assets | 2011-12-31 | $0 |
Total of all expenses incurred | 2011-12-31 | $169,455 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $169,455 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $374,719 |
Value of total assets at end of year | 2011-12-31 | $3,073,871 |
Value of total assets at beginning of year | 2011-12-31 | $2,952,430 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $0 |
Total interest from all sources | 2011-12-31 | $7,485 |
Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
Value of fidelity bond cover | 2011-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
Contributions received from participants | 2011-12-31 | $246,037 |
Participant contributions at end of year | 2011-12-31 | $169,007 |
Participant contributions at beginning of year | 2011-12-31 | $142,011 |
Income. Received or receivable in cash from other sources (including rollovers) | 2011-12-31 | $3,067 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Value of net income/loss | 2011-12-31 | $121,441 |
Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $3,073,871 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $2,952,430 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $2,667,268 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $2,600,908 |
Interest on participant loans | 2011-12-31 | $7,485 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $1,461 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $1,465 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $1,465 |
Net investment gain/loss from pooled separate accounts | 2011-12-31 | $-91,308 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
Assets. Invements in employer securities at end of year | 2011-12-31 | $109,880 |
Assets. Invements in employer securities at beginning of year | 2011-12-31 | $94,682 |
Contributions received in cash from employer | 2011-12-31 | $125,615 |
Employer contributions (assets) at end of year | 2011-12-31 | $126,255 |
Employer contributions (assets) at beginning of year | 2011-12-31 | $113,364 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $169,455 |
Did the plan have assets held for investment | 2011-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Unqualified |
Accountancy firm name | 2011-12-31 | PLANTE & MORAN |
Accountancy firm EIN | 2011-12-31 | 381357951 |
2010 : MACKINAC FINANCIAL CORPORATION 401K PLAN 2010 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2010-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total income from all sources (including contributions) | 2010-12-31 | $650,404 |
Total loss/gain on sale of assets | 2010-12-31 | $0 |
Total of all expenses incurred | 2010-12-31 | $216,723 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $216,723 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $341,622 |
Value of total assets at end of year | 2010-12-31 | $2,952,430 |
Value of total assets at beginning of year | 2010-12-31 | $2,518,749 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $0 |
Total interest from all sources | 2010-12-31 | $5,796 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Contributions received from participants | 2010-12-31 | $228,356 |
Participant contributions at end of year | 2010-12-31 | $142,011 |
Participant contributions at beginning of year | 2010-12-31 | $106,067 |
Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $1,121 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $433,681 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $2,952,430 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $2,518,749 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $2,600,908 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $2,193,920 |
Interest on participant loans | 2010-12-31 | $5,796 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $1,465 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $3,094 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $3,094 |
Net investment gain/loss from pooled separate accounts | 2010-12-31 | $302,986 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Assets. Invements in employer securities at end of year | 2010-12-31 | $94,682 |
Assets. Invements in employer securities at beginning of year | 2010-12-31 | $103,421 |
Contributions received in cash from employer | 2010-12-31 | $112,145 |
Employer contributions (assets) at end of year | 2010-12-31 | $113,364 |
Employer contributions (assets) at beginning of year | 2010-12-31 | $112,247 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $216,723 |
Did the plan have assets held for investment | 2010-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Unqualified |
Accountancy firm name | 2010-12-31 | PLANTE & MORAN |
Accountancy firm EIN | 2010-12-31 | 381357951 |