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MAGNIFI FINANCIAL 401(K) PLAN & TRUST 401k Plan overview

Plan NameMAGNIFI FINANCIAL 401(K) PLAN & TRUST
Plan identification number 002

MAGNIFI FINANCIAL 401(K) PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • 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.

401k Sponsoring company profile

MAGNIFI FINANCIAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name:MAGNIFI FINANCIAL CREDIT UNION
Employer identification number (EIN):410705136
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAGNIFI FINANCIAL 401(K) PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01NADINE RIELAND CHARLES FRIEDERICHS2019-05-13
0022017-01-01NADINE RIELAND CHARLES FRIEDERICHS2018-05-16
0022016-01-01NADINE RIELAND CHARLES FRIEDERICHS2017-06-06
0022015-01-01NADINE RIELAND CHARLES FRIEDERICHS2016-07-21
0022014-01-01NADINE RIELAND CHARLES FRIEDERICHS2015-06-30
0022013-01-01NADINE RIELAND CHARLES FRIEDERICHS2014-07-09
0022012-01-01NADINE RIELAND CHARLES FRIEDERICHS2013-07-09
0022011-01-01NADINE RIELAND CHARLES FRIEDERICHS2012-07-03
0022009-01-01 NADINE RIELAND2010-08-05
0022009-01-01NADINE RIELAND CHARLES FRIEDRICHS2010-08-05
0022009-01-01NADINE RIELAND CHARLES FRIEDRICHS2010-08-05

Plan Statistics for MAGNIFI FINANCIAL 401(K) PLAN & TRUST

401k plan membership statisitcs for MAGNIFI FINANCIAL 401(K) PLAN & TRUST

Measure Date Value
2022: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-01406
Total number of active participants reported on line 7a of the Form 55002022-01-01383
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0166
Total of all active and inactive participants2022-01-01449
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01449
Number of participants with account balances2022-01-01446
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0116
2021: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-01398
Total number of active participants reported on line 7a of the Form 55002021-01-01330
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0167
Total of all active and inactive participants2021-01-01397
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01397
Number of participants with account balances2021-01-01396
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0138
2020: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-01382
Total number of active participants reported on line 7a of the Form 55002020-01-01336
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0158
Total of all active and inactive participants2020-01-01394
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01394
Number of participants with account balances2020-01-01391
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0114
2019: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-01360
Total number of active participants reported on line 7a of the Form 55002019-01-01324
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0155
Total of all active and inactive participants2019-01-01379
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01379
Number of participants with account balances2019-01-01378
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0111
2018: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2018 401k membership
Total participants, beginning-of-year2018-01-01333
Total number of active participants reported on line 7a of the Form 55002018-01-01303
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0144
Total of all active and inactive participants2018-01-01347
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01347
Number of participants with account balances2018-01-01346
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2017 401k membership
Total participants, beginning-of-year2017-01-01312
Total number of active participants reported on line 7a of the Form 55002017-01-01296
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0134
Total of all active and inactive participants2017-01-01330
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01330
Number of participants with account balances2017-01-01330
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0117
2016: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2016 401k membership
Total participants, beginning-of-year2016-01-01297
Total number of active participants reported on line 7a of the Form 55002016-01-01282
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0125
Total of all active and inactive participants2016-01-01307
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01307
Number of participants with account balances2016-01-01305
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-018
2015: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-01264
Total number of active participants reported on line 7a of the Form 55002015-01-01262
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0124
Total of all active and inactive participants2015-01-01286
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01286
Number of participants with account balances2015-01-01284
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0113
2014: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2014 401k membership
Total participants, beginning-of-year2014-01-01256
Total number of active participants reported on line 7a of the Form 55002014-01-01247
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0114
Total of all active and inactive participants2014-01-01261
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01261
Number of participants with account balances2014-01-01244
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-013
2013: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2013 401k membership
Total participants, beginning-of-year2013-01-01234
Total number of active participants reported on line 7a of the Form 55002013-01-01241
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0111
Total of all active and inactive participants2013-01-01252
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01252
Number of participants with account balances2013-01-01220
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-013
2012: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-01207
Total number of active participants reported on line 7a of the Form 55002012-01-01223
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-018
Total of all active and inactive participants2012-01-01231
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01231
Number of participants with account balances2012-01-01186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-012
2011: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-01183
Total number of active participants reported on line 7a of the Form 55002011-01-01190
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0110
Total of all active and inactive participants2011-01-01200
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01200
Number of participants with account balances2011-01-01179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-017
2009: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-01151
Total number of active participants reported on line 7a of the Form 55002009-01-01148
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-019
Total of all active and inactive participants2009-01-01157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01157
Number of participants with account balances2009-01-01157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-013

Financial Data on MAGNIFI FINANCIAL 401(K) PLAN & TRUST

Measure Date Value
2022 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 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$0
Total income from all sources (including contributions)2022-12-31$-2,262,686
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$2,963,413
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$2,813,656
Expenses. Certain deemed distributions of participant loans2022-12-31$571
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$4,682,487
Value of total assets at end of year2022-12-31$38,916,998
Value of total assets at beginning of year2022-12-31$44,143,097
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$149,186
Total interest from all sources2022-12-31$59,733
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$9,000,000
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$2,312,345
Participant contributions at end of year2022-12-31$162,996
Participant contributions at beginning of year2022-12-31$140,357
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$326,762
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-5,226,099
Value of net assets at end of year (total assets less liabilities)2022-12-31$38,916,998
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$44,143,097
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$149,186
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$34,737,942
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$39,389,135
Interest on participant loans2022-12-31$7,134
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$52,599
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$3,022,662
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$3,710,487
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-7,004,906
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$2,043,380
Employer contributions (assets) at end of year2022-12-31$993,398
Employer contributions (assets) at beginning of year2022-12-31$903,118
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$2,813,656
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 name2022-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2022-12-31410746749
2021 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 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$9,512,092
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,972,642
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,812,985
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$3,965,425
Value of total assets at end of year2021-12-31$44,143,097
Value of total assets at beginning of year2021-12-31$36,603,647
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$159,657
Total interest from all sources2021-12-31$63,871
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$9,000,000
If this is an individual account plan, was there a blackout period2021-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$2,008,052
Participant contributions at end of year2021-12-31$140,357
Participant contributions at beginning of year2021-12-31$128,879
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$127,132
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$7,539,450
Value of net assets at end of year (total assets less liabilities)2021-12-31$44,143,097
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$36,603,647
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$159,657
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$39,389,135
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$32,444,125
Interest on participant loans2021-12-31$6,091
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$57,780
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$3,710,487
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$3,164,483
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$5,482,796
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$1,830,241
Employer contributions (assets) at end of year2021-12-31$903,118
Employer contributions (assets) at beginning of year2021-12-31$866,160
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,812,985
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31Yes
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 name2021-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2021-12-31410746749
2020 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$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$8,735,447
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$2,755,056
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$2,532,002
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$3,871,504
Value of total assets at end of year2020-12-31$36,603,647
Value of total assets at beginning of year2020-12-31$30,623,256
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$223,054
Total interest from all sources2020-12-31$74,284
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$9,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$1,826,142
Participant contributions at end of year2020-12-31$128,879
Participant contributions at beginning of year2020-12-31$87,516
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$287,631
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$5,980,391
Value of net assets at end of year (total assets less liabilities)2020-12-31$36,603,647
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$30,623,256
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$223,054
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$32,444,125
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$26,173,433
Interest on participant loans2020-12-31$6,084
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$68,200
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$3,164,483
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$3,613,556
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$4,789,659
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$1,757,731
Employer contributions (assets) at end of year2020-12-31$866,160
Employer contributions (assets) at beginning of year2020-12-31$748,751
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$2,532,002
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2020-12-31410746749
2019 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$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$8,577,799
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$1,466,126
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,316,158
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$3,916,738
Value of total assets at end of year2019-12-31$30,623,256
Value of total assets at beginning of year2019-12-31$23,511,583
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$149,968
Total interest from all sources2019-12-31$96,866
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 year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$9,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$1,567,708
Participant contributions at end of year2019-12-31$87,516
Participant contributions at beginning of year2019-12-31$115,636
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$827,472
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$7,111,673
Value of net assets at end of year (total assets less liabilities)2019-12-31$30,623,256
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$23,511,583
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$149,968
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$26,173,433
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$18,488,994
Interest on participant loans2019-12-31$6,996
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$89,870
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$3,613,556
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$4,243,289
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$4,564,195
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$1,521,558
Employer contributions (assets) at end of year2019-12-31$748,751
Employer contributions (assets) at beginning of year2019-12-31$663,664
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,316,158
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2019-12-31410746749
2018 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$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$2,094,443
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$1,174,756
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,038,030
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$3,403,295
Value of total assets at end of year2018-12-31$23,511,583
Value of total assets at beginning of year2018-12-31$22,591,896
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$136,726
Total interest from all sources2018-12-31$110,980
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 year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$9,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$1,433,397
Participant contributions at end of year2018-12-31$115,636
Participant contributions at beginning of year2018-12-31$158,820
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$595,500
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$919,687
Value of net assets at end of year (total assets less liabilities)2018-12-31$23,511,583
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$22,591,896
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$136,726
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$18,488,994
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$17,524,715
Interest on participant loans2018-12-31$7,744
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$103,236
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$4,243,289
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$4,273,585
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-1,419,832
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$1,374,398
Employer contributions (assets) at end of year2018-12-31$663,664
Employer contributions (assets) at beginning of year2018-12-31$634,776
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,038,030
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2018-12-31410746749
2017 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$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$0
Total income from all sources (including contributions)2017-12-31$5,551,930
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$1,092,563
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$977,746
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$2,814,100
Value of total assets at end of year2017-12-31$22,591,896
Value of total assets at beginning of year2017-12-31$18,132,529
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$114,817
Total interest from all sources2017-12-31$112,317
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 year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$9,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$1,270,268
Participant contributions at end of year2017-12-31$158,820
Participant contributions at beginning of year2017-12-31$158,877
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$250,197
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$4,459,367
Value of net assets at end of year (total assets less liabilities)2017-12-31$22,591,896
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$18,132,529
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$114,817
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$17,524,715
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$13,555,895
Interest on participant loans2017-12-31$8,254
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$104,063
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$4,273,585
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$3,832,372
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$2,625,513
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$1,293,635
Employer contributions (assets) at end of year2017-12-31$634,776
Employer contributions (assets) at beginning of year2017-12-31$585,385
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$977,746
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31CLIFTON LARSON ALLEN LLP
Accountancy firm EIN2017-12-31410746749
2016 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
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$3,718,181
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$559,509
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$461,831
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$2,562,006
Value of total assets at end of year2016-12-31$18,132,529
Value of total assets at beginning of year2016-12-31$14,973,857
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$97,678
Total interest from all sources2016-12-31$92,195
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 year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$9,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$1,141,796
Participant contributions at end of year2016-12-31$158,877
Participant contributions at beginning of year2016-12-31$71,479
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$205,020
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$3,158,672
Value of net assets at end of year (total assets less liabilities)2016-12-31$18,132,529
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$14,973,857
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$97,678
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$13,555,895
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$11,973,307
Interest on participant loans2016-12-31$7,162
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$85,033
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$3,832,372
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$2,463,362
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$1,063,980
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$1,215,190
Employer contributions (assets) at end of year2016-12-31$585,385
Employer contributions (assets) at beginning of year2016-12-31$465,709
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$461,831
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31CLIFTON LARSON ALLEN LLP
Accountancy firm EIN2016-12-31410746749
2015 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$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$42,558
Total income from all sources (including contributions)2015-12-31$1,997,699
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$657,287
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$569,072
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$2,050,886
Value of total assets at end of year2015-12-31$14,973,857
Value of total assets at beginning of year2015-12-31$13,676,003
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$88,215
Total interest from all sources2015-12-31$51,986
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 year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$9,000,000
If this is an individual account plan, was there a blackout period2015-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$862,004
Participant contributions at end of year2015-12-31$71,479
Participant contributions at beginning of year2015-12-31$38,279
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$253,133
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$42,558
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$1,340,412
Value of net assets at end of year (total assets less liabilities)2015-12-31$14,973,857
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$13,633,445
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$86,131
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$11,973,307
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$0
Value of interest in pooled separate accounts at end of year2015-12-31$0
Value of interest in pooled separate accounts at beginning of year2015-12-31$11,857,154
Interest on participant loans2015-12-31$3,672
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$48,314
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$2,463,362
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$1,324,070
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-42,615
Net investment gain/loss from pooled separate accounts2015-12-31$-62,558
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$935,749
Employer contributions (assets) at end of year2015-12-31$465,709
Employer contributions (assets) at beginning of year2015-12-31$456,500
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$569,072
Contract administrator fees2015-12-31$2,084
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31Yes
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31CLIFTON LARSON ALLEN LLP
Accountancy firm EIN2015-12-31410746749
2014 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 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$42,558
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$2,393,239
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$543,070
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$541,320
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,691,896
Value of total assets at end of year2014-12-31$13,676,003
Value of total assets at beginning of year2014-12-31$11,783,276
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$1,750
Total interest from all sources2014-12-31$13,454
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 year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$8,000,000
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$735,915
Participant contributions at end of year2014-12-31$38,279
Participant contributions at beginning of year2014-12-31$23,862
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$58,690
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$42,558
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$0
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$1,850,169
Value of net assets at end of year (total assets less liabilities)2014-12-31$13,633,445
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$11,783,276
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$1,750
Value of interest in pooled separate accounts at end of year2014-12-31$11,857,154
Value of interest in pooled separate accounts at beginning of year2014-12-31$10,520,792
Interest on participant loans2014-12-31$3,361
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$10,093
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$1,324,070
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$856,181
Net investment gain/loss from pooled separate accounts2014-12-31$687,889
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$897,291
Employer contributions (assets) at end of year2014-12-31$456,500
Employer contributions (assets) at beginning of year2014-12-31$382,441
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$541,320
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 name2014-12-31CLIFTON LARSON ALLEN LLP
Accountancy firm EIN2014-12-31410746749
2013 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 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$3,256,569
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$517,221
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$516,021
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,560,596
Value of total assets at end of year2013-12-31$11,783,276
Value of total assets at beginning of year2013-12-31$9,043,928
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$1,200
Total interest from all sources2013-12-31$9,912
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 year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$6,000,000
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$646,992
Participant contributions at end of year2013-12-31$23,862
Participant contributions at beginning of year2013-12-31$23,638
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$150,532
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$2,739,348
Value of net assets at end of year (total assets less liabilities)2013-12-31$11,783,276
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$9,043,928
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$1,200
Value of interest in pooled separate accounts at end of year2013-12-31$10,520,792
Value of interest in pooled separate accounts at beginning of year2013-12-31$8,109,146
Interest on participant loans2013-12-31$3,262
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$6,650
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$856,181
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$574,509
Net investment gain/loss from pooled separate accounts2013-12-31$1,686,061
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$763,072
Employer contributions (assets) at end of year2013-12-31$382,441
Employer contributions (assets) at beginning of year2013-12-31$336,635
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$516,021
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 name2013-12-31CLIFTON LARSON ALLEN LLP
Accountancy firm EIN2013-12-31410746749
2012 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 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$1,976,331
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$216,938
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$216,488
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,209,989
Value of total assets at end of year2012-12-31$9,043,928
Value of total assets at beginning of year2012-12-31$7,284,535
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$450
Total interest from all sources2012-12-31$15,641
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$6,000,000
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$520,659
Participant contributions at end of year2012-12-31$23,638
Participant contributions at beginning of year2012-12-31$6,955
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$20,461
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$1,759,393
Value of net assets at end of year (total assets less liabilities)2012-12-31$9,043,928
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$7,284,535
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$450
Value of interest in pooled separate accounts at end of year2012-12-31$8,109,146
Value of interest in pooled separate accounts at beginning of year2012-12-31$6,118,373
Interest on participant loans2012-12-31$1,586
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$14,055
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$574,509
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$859,581
Net investment gain/loss from pooled separate accounts2012-12-31$750,701
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$668,869
Employer contributions (assets) at end of year2012-12-31$336,635
Employer contributions (assets) at beginning of year2012-12-31$299,626
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$216,488
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 name2012-12-31CLIFTON LARSON ALLEN LLP
Accountancy firm EIN2012-12-31410746749
2011 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 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$757,148
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$126,264
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$125,664
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,259,537
Value of total assets at end of year2011-12-31$7,284,535
Value of total assets at beginning of year2011-12-31$6,653,651
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$600
Total interest from all sources2011-12-31$13,304
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 year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$6,000,000
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$458,164
Participant contributions at end of year2011-12-31$6,955
Participant contributions at beginning of year2011-12-31$8,550
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$192,099
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$630,884
Value of net assets at end of year (total assets less liabilities)2011-12-31$7,284,535
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$6,653,651
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
Investment advisory and management fees2011-12-31$600
Value of interest in pooled separate accounts at end of year2011-12-31$6,118,373
Value of interest in pooled separate accounts at beginning of year2011-12-31$5,693,752
Interest on participant loans2011-12-31$838
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$12,466
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$859,581
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$660,679
Net investment gain/loss from pooled separate accounts2011-12-31$-515,693
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$609,274
Employer contributions (assets) at end of year2011-12-31$299,626
Employer contributions (assets) at beginning of year2011-12-31$290,670
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$125,664
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 name2011-12-31CLIFTON LARSON ALLEN LLP
Accountancy firm EIN2011-12-31410746749
2010 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 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$1,445,012
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$260,895
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$255,495
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$965,784
Value of total assets at end of year2010-12-31$6,653,651
Value of total assets at beginning of year2010-12-31$5,469,534
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$5,400
Total interest from all sources2010-12-31$14,118
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 year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$6,000,000
If this is an individual account plan, was there a blackout period2010-12-31Yes
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$383,563
Participant contributions at end of year2010-12-31$8,550
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$5,993
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$1,184,117
Value of net assets at end of year (total assets less liabilities)2010-12-31$6,653,651
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$5,469,534
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
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$4,942,563
Value of interest in pooled separate accounts at end of year2010-12-31$5,693,752
Interest on participant loans2010-12-31$520
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$13,598
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$660,679
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$263,550
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$178,503
Net investment gain/loss from pooled separate accounts2010-12-31$286,607
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$576,228
Employer contributions (assets) at end of year2010-12-31$290,670
Employer contributions (assets) at beginning of year2010-12-31$263,421
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$255,495
Contract administrator fees2010-12-31$5,400
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31Yes
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 name2010-12-31LARSON ALLEN LLP
Accountancy firm EIN2010-12-31410746749
2009 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 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 MAGNIFI FINANCIAL 401(K) PLAN & TRUST

2022: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 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: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 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
2020: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 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: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 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: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 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: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 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
2009: MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
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 benefit arrangement – InsuranceYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number511689-01
Policy instance 1
Insurance contract or identification number511689-01
Number of Individuals Covered64
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
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?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number61637
Policy instance 1
Insurance contract or identification number61637
Number of Individuals Covered0
Insurance policy start date2021-01-01
Insurance policy end date2021-04-12
Are there contracts with allocated funds for individual policies?0
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?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number511689-01
Policy instance 2
Insurance contract or identification number511689-01
Number of Individuals Covered62
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Are there contracts with allocated funds for individual policies?0
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?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number61637
Policy instance 1
Insurance contract or identification number61637
Number of Individuals Covered391
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Are there contracts with allocated funds for individual policies?0
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?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number61637
Policy instance 1
Insurance contract or identification number61637
Number of Individuals Covered378
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Are there contracts with allocated funds for individual policies?0
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?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number61637
Policy instance 1
Insurance contract or identification number61637
Number of Individuals Covered346
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Are there contracts with allocated funds for individual policies?0
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?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number61637
Policy instance 1
Insurance contract or identification number61637
Number of Individuals Covered330
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Are there contracts with allocated funds for individual policies?0
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?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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