?>
Logo

MGS EMPLOYEE 401(K) PLAN 401k Plan overview

Plan NameMGS EMPLOYEE 401(K) PLAN
Plan identification number 001

MGS EMPLOYEE 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
  • Life insurance

401k Sponsoring company profile

TECSTAR MFG. COMPANY D/B/A THE MGS MFG. GROUP, INC has sponsored the creation of one or more 401k plans.

Company Name:TECSTAR MFG. COMPANY D/B/A THE MGS MFG. GROUP, INC
Employer identification number (EIN):391914405
NAIC Classification:326100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MGS EMPLOYEE 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
0012014-01-01JEFFREY A. KOLBOW
0012013-01-01JEFFREY A. KOLBOW
0012012-01-01JEFFREY A. KOLBOW
0012011-01-01JEFFREY A. KOLBOW
0012010-01-01JEFF KOLBOW JEFF KOLBOW2011-10-17
0012009-01-01MARK SELLERS
0012009-01-01JEFF KOLBOW MARK SELLERS2010-10-14
0012009-01-01JEFF KOLBOW

Plan Statistics for MGS EMPLOYEE 401(K) PLAN

401k plan membership statisitcs for MGS EMPLOYEE 401(K) PLAN

Measure Date Value
2022: MGS EMPLOYEE 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01816
Total number of active participants reported on line 7a of the Form 55002022-01-01461
Number of retired or separated participants receiving benefits2022-01-015
Number of other retired or separated participants entitled to future benefits2022-01-01313
Total of all active and inactive participants2022-01-01779
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-012
Total participants2022-01-01781
Number of participants with account balances2022-01-01768
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-01111
2021: MGS EMPLOYEE 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-011,074
Total number of active participants reported on line 7a of the Form 55002021-01-01454
Number of retired or separated participants receiving benefits2021-01-017
Number of other retired or separated participants entitled to future benefits2021-01-01338
Total of all active and inactive participants2021-01-01799
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01799
Number of participants with account balances2021-01-01784
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-01158
2014: MGS EMPLOYEE 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01690
Total number of active participants reported on line 7a of the Form 55002014-01-01730
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-01130
Total of all active and inactive participants2014-01-01860
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01860
Number of participants with account balances2014-01-01762
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0146
2013: MGS EMPLOYEE 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01653
Total number of active participants reported on line 7a of the Form 55002013-01-01572
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-01118
Total of all active and inactive participants2013-01-01690
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01690
Number of participants with account balances2013-01-01613
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0154
2012: MGS EMPLOYEE 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01665
Total number of active participants reported on line 7a of the Form 55002012-01-01487
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-01166
Total of all active and inactive participants2012-01-01653
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01653
Number of participants with account balances2012-01-01601
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0157
2011: MGS EMPLOYEE 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01590
Total number of active participants reported on line 7a of the Form 55002011-01-01535
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01130
Total of all active and inactive participants2011-01-01665
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01665
Number of participants with account balances2011-01-01608
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0145
2010: MGS EMPLOYEE 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01556
Total number of active participants reported on line 7a of the Form 55002010-01-01482
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-01108
Total of all active and inactive participants2010-01-01590
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01590
Number of participants with account balances2010-01-01539
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0131
2009: MGS EMPLOYEE 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01681
Total number of active participants reported on line 7a of the Form 55002009-01-01449
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01107
Total of all active and inactive participants2009-01-01556
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01556
Number of participants with account balances2009-01-01509
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0164

Financial Data on MGS EMPLOYEE 401(K) PLAN

Measure Date Value
2022 : MGS EMPLOYEE 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-7,679,254
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$8,125,126
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$8,052,246
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$4,211,464
Value of total assets at end of year2022-12-31$51,311,810
Value of total assets at beginning of year2022-12-31$67,116,190
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$72,880
Total interest from all sources2022-12-31$28,129
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$2,005,313
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$2,005,313
Administrative expenses professional fees incurred2022-12-31$4,986
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
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$3,032,740
Participant contributions at end of year2022-12-31$674,015
Participant contributions at beginning of year2022-12-31$593,340
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$23,585
Assets. Other investments not covered elsewhere at end of year2022-12-31$54,531
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$44,748
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$146,096
Other income not declared elsewhere2022-12-31$9,784
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-15,804,380
Value of net assets at end of year (total assets less liabilities)2022-12-31$51,311,810
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$67,116,190
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$33,750
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$41,705,927
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$56,659,178
Interest on participant loans2022-12-31$28,129
Value of interest in common/collective trusts at end of year2022-12-31$8,877,337
Value of interest in common/collective trusts at beginning of year2022-12-31$9,785,903
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-14,094,027
Net investment gain or loss from common/collective trusts2022-12-31$160,083
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 contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$1,032,628
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$9,436
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$8,052,246
Contract administrator fees2022-12-31$34,144
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 name2022-12-31WIPFLI LLP
Accountancy firm EIN2022-12-31390758449
2021 : MGS EMPLOYEE 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$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$11,832,472
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$4,122,832
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$3,993,545
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$4,181,137
Value of total assets at end of year2021-12-31$67,116,190
Value of total assets at beginning of year2021-12-31$59,406,550
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$129,287
Total interest from all sources2021-12-31$27,768
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$5,015,916
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$5,015,916
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
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$3,030,591
Participant contributions at end of year2021-12-31$593,340
Participant contributions at beginning of year2021-12-31$606,725
Participant contributions at end of year2021-12-31$23,585
Participant contributions at beginning of year2021-12-31$0
Assets. Other investments not covered elsewhere at end of year2021-12-31$44,748
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$44,748
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$139,929
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$7,709,640
Value of net assets at end of year (total assets less liabilities)2021-12-31$67,116,190
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$59,406,550
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$44,750
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$56,659,178
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$48,038,544
Interest on participant loans2021-12-31$27,768
Value of interest in common/collective trusts at end of year2021-12-31$9,785,903
Value of interest in common/collective trusts at beginning of year2021-12-31$10,716,533
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$2,455,023
Net investment gain or loss from common/collective trusts2021-12-31$152,628
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 contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$1,010,617
Employer contributions (assets) at end of year2021-12-31$9,436
Employer contributions (assets) at beginning of year2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$3,993,545
Contract administrator fees2021-12-31$84,537
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 plan2021-12-31Unqualified
Accountancy firm name2021-12-31WIPFLI LLP
Accountancy firm EIN2021-12-31390758449
2014 : MGS EMPLOYEE 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$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$4,557,477
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$2,889,694
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$2,766,764
Value of total corrective distributions2014-12-31$33,782
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$2,441,411
Value of total assets at end of year2014-12-31$35,510,283
Value of total assets at beginning of year2014-12-31$33,842,500
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$89,148
Total interest from all sources2014-12-31$27,878
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$2,396,989
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$2,396,989
Administrative expenses professional fees incurred2014-12-31$6,500
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$2,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$2,098,702
Participant contributions at end of year2014-12-31$699,194
Participant contributions at beginning of year2014-12-31$675,661
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$138,086
Other income not declared elsewhere2014-12-31$14,441
Administrative expenses (other) incurred2014-12-31$757
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$1,667,783
Value of net assets at end of year (total assets less liabilities)2014-12-31$35,510,283
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$33,842,500
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$50,208
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$28,363,930
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$27,225,701
Interest on participant loans2014-12-31$27,878
Value of interest in common/collective trusts at end of year2014-12-31$6,447,159
Value of interest in common/collective trusts at beginning of year2014-12-31$5,941,138
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-408,574
Net investment gain or loss from common/collective trusts2014-12-31$85,332
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$204,623
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$2,766,764
Contract administrator fees2014-12-31$31,683
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31WIPFLI LLP
Accountancy firm EIN2014-12-31390758449
2013 : MGS EMPLOYEE 401(K) PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$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$8,152,628
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$2,067,624
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,971,339
Value of total corrective distributions2013-12-31$24,510
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$2,136,225
Value of total assets at end of year2013-12-31$33,842,500
Value of total assets at beginning of year2013-12-31$27,757,496
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$71,775
Total interest from all sources2013-12-31$27,311
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$1,048,776
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$1,048,776
Administrative expenses professional fees incurred2013-12-31$6,500
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$2,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$1,782,331
Participant contributions at end of year2013-12-31$675,661
Participant contributions at beginning of year2013-12-31$605,945
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$178,036
Administrative expenses (other) incurred2013-12-31$757
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$6,085,004
Value of net assets at end of year (total assets less liabilities)2013-12-31$33,842,500
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$27,757,496
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$29,991
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$27,225,701
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$22,020,461
Interest on participant loans2013-12-31$27,311
Value of interest in common/collective trusts at end of year2013-12-31$5,941,138
Value of interest in common/collective trusts at beginning of year2013-12-31$5,131,090
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$4,848,056
Net investment gain or loss from common/collective trusts2013-12-31$92,260
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$175,858
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,971,339
Contract administrator fees2013-12-31$34,527
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31WIPFLI LLP
Accountancy firm EIN2013-12-31390758449
2012 : MGS EMPLOYEE 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$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$5,337,844
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$1,136,588
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,034,927
Value of total corrective distributions2012-12-31$24,181
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$2,058,154
Value of total assets at end of year2012-12-31$27,757,496
Value of total assets at beginning of year2012-12-31$23,556,240
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$77,480
Total interest from all sources2012-12-31$24,365
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$794,889
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$794,889
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$2,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$1,695,453
Participant contributions at end of year2012-12-31$605,945
Participant contributions at beginning of year2012-12-31$623,039
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$197,311
Administrative expenses (other) incurred2012-12-31$757
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$4,201,256
Value of net assets at end of year (total assets less liabilities)2012-12-31$27,757,496
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$23,556,240
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$37,760
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$22,020,461
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$18,213,303
Interest on participant loans2012-12-31$24,365
Value of interest in common/collective trusts at end of year2012-12-31$5,131,090
Value of interest in common/collective trusts at beginning of year2012-12-31$4,719,898
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$2,368,331
Net investment gain or loss from common/collective trusts2012-12-31$92,105
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$165,390
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,034,927
Contract administrator fees2012-12-31$38,963
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31WIPFLI LLP
Accountancy firm EIN2012-12-31390758449
2011 : MGS EMPLOYEE 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$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$1,622,755
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$972,438
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$880,697
Value of total corrective distributions2011-12-31$24,297
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,907,409
Value of total assets at end of year2011-12-31$23,556,240
Value of total assets at beginning of year2011-12-31$22,905,923
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$67,444
Total interest from all sources2011-12-31$22,537
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$284,861
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$284,861
Administrative expenses professional fees incurred2011-12-31$36,052
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,671,401
Participant contributions at end of year2011-12-31$623,039
Participant contributions at beginning of year2011-12-31$453,558
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$76,350
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$650,317
Value of net assets at end of year (total assets less liabilities)2011-12-31$23,556,240
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$22,905,923
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$18,213,303
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$18,351,714
Interest on participant loans2011-12-31$22,537
Value of interest in common/collective trusts at end of year2011-12-31$4,719,898
Value of interest in common/collective trusts at beginning of year2011-12-31$4,100,651
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$1,515
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-709,710
Net investment gain or loss from common/collective trusts2011-12-31$117,658
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$159,658
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$879,182
Contract administrator fees2011-12-31$31,392
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31WIPFLI LLP
Accountancy firm EIN2011-12-31390758449
2010 : MGS EMPLOYEE 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$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$4,222,030
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$547,106
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$486,356
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,635,830
Value of total assets at end of year2010-12-31$22,905,923
Value of total assets at beginning of year2010-12-31$19,230,999
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$60,750
Total interest from all sources2010-12-31$20,700
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$198,357
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$198,357
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$2,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,425,998
Participant contributions at end of year2010-12-31$453,558
Participant contributions at beginning of year2010-12-31$414,979
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$139,713
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$3,674,924
Value of net assets at end of year (total assets less liabilities)2010-12-31$22,905,923
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$19,230,999
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$35,081
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$18,351,714
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$15,100,197
Value of interest in pooled separate accounts at beginning of year2010-12-31$0
Interest on participant loans2010-12-31$20,700
Value of interest in common/collective trusts at end of year2010-12-31$4,100,651
Value of interest in common/collective trusts at beginning of year2010-12-31$3,715,823
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$1,529
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$2,255,432
Net investment gain or loss from common/collective trusts2010-12-31$111,711
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$70,119
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$484,827
Contract administrator fees2010-12-31$25,669
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31WIPFLI LLP
Accountancy firm EIN2010-12-31390758449
2009 : MGS EMPLOYEE 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for MGS EMPLOYEE 401(K) PLAN

2022: MGS EMPLOYEE 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 – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MGS EMPLOYEE 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 – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2014: MGS EMPLOYEE 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: MGS EMPLOYEE 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MGS EMPLOYEE 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MGS EMPLOYEE 401(K) 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 funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: MGS EMPLOYEE 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
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 funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: MGS EMPLOYEE 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberIND CONTRACTS
Policy instance 1
Insurance contract or identification numberIND CONTRACTS
Number of Individuals Covered2
Insurance policy start date2021-11-01
Insurance policy end date2022-10-31
Are there contracts with allocated funds for individual policies?1
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 BenefitYes
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
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberIND CONTRACTS
Policy instance 1
Insurance contract or identification numberIND CONTRACTS
Number of Individuals Covered2
Insurance policy start date2020-11-01
Insurance policy end date2021-10-31
Are there contracts with allocated funds for individual policies?1
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 BenefitYes
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

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3