MAGNIFI FINANCIAL CREDIT UNION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan MAGNIFI FINANCIAL 401(K) PLAN & TRUST
Measure | Date | Value |
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2022 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-12-31 | $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 assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $2,963,413 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $2,813,656 |
Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $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 year | 2022-12-31 | $38,916,998 |
Value of total assets at beginning of year | 2022-12-31 | $44,143,097 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $149,186 |
Total interest from all sources | 2022-12-31 | $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 year | 2022-12-31 | No |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $9,000,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $2,312,345 |
Participant contributions at end of year | 2022-12-31 | $162,996 |
Participant contributions at beginning of year | 2022-12-31 | $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 appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-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) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Investment advisory and management fees | 2022-12-31 | $149,186 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $34,737,942 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $39,389,135 |
Interest on participant loans | 2022-12-31 | $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 year | 2022-12-31 | $3,022,662 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $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 assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $2,043,380 |
Employer contributions (assets) at end of year | 2022-12-31 | $993,398 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $903,118 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $2,813,656 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | CLIFTONLARSONALLEN LLP |
Accountancy firm EIN | 2022-12-31 | 410746749 |
2021 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2021 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total income from all sources (including contributions) | 2021-12-31 | $9,512,092 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $1,972,642 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $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 year | 2021-12-31 | $44,143,097 |
Value of total assets at beginning of year | 2021-12-31 | $36,603,647 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $159,657 |
Total interest from all sources | 2021-12-31 | $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 year | 2021-12-31 | No |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $9,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $2,008,052 |
Participant contributions at end of year | 2021-12-31 | $140,357 |
Participant contributions at beginning of year | 2021-12-31 | $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 appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $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) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Investment advisory and management fees | 2021-12-31 | $159,657 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $39,389,135 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $32,444,125 |
Interest on participant loans | 2021-12-31 | $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 year | 2021-12-31 | $3,710,487 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $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 assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $1,830,241 |
Employer contributions (assets) at end of year | 2021-12-31 | $903,118 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $866,160 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $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 2520.101-3 | 2021-12-31 | Yes |
Did the plan have assets held for investment | 2021-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | CLIFTONLARSONALLEN LLP |
Accountancy firm EIN | 2021-12-31 | 410746749 |
2020 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2020 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total income from all sources (including contributions) | 2020-12-31 | $8,735,447 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $2,755,056 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $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 year | 2020-12-31 | $36,603,647 |
Value of total assets at beginning of year | 2020-12-31 | $30,623,256 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $223,054 |
Total interest from all sources | 2020-12-31 | $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 year | 2020-12-31 | No |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $9,000,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Contributions received from participants | 2020-12-31 | $1,826,142 |
Participant contributions at end of year | 2020-12-31 | $128,879 |
Participant contributions at beginning of year | 2020-12-31 | $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 appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $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) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Investment advisory and management fees | 2020-12-31 | $223,054 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $32,444,125 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $26,173,433 |
Interest on participant loans | 2020-12-31 | $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 year | 2020-12-31 | $3,164,483 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $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 assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Contributions received in cash from employer | 2020-12-31 | $1,757,731 |
Employer contributions (assets) at end of year | 2020-12-31 | $866,160 |
Employer contributions (assets) at beginning of year | 2020-12-31 | $748,751 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $2,532,002 |
Did the plan have assets held for investment | 2020-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | CLIFTONLARSONALLEN LLP |
Accountancy firm EIN | 2020-12-31 | 410746749 |
2019 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2019 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total income from all sources (including contributions) | 2019-12-31 | $8,577,799 |
Total loss/gain on sale of assets | 2019-12-31 | $0 |
Total of all expenses incurred | 2019-12-31 | $1,466,126 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $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 year | 2019-12-31 | $30,623,256 |
Value of total assets at beginning of year | 2019-12-31 | $23,511,583 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $149,968 |
Total interest from all sources | 2019-12-31 | $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 year | 2019-12-31 | No |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $9,000,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Contributions received from participants | 2019-12-31 | $1,567,708 |
Participant contributions at end of year | 2019-12-31 | $87,516 |
Participant contributions at beginning of year | 2019-12-31 | $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 appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $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) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Investment advisory and management fees | 2019-12-31 | $149,968 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $26,173,433 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $18,488,994 |
Interest on participant loans | 2019-12-31 | $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 year | 2019-12-31 | $3,613,556 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $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 assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Contributions received in cash from employer | 2019-12-31 | $1,521,558 |
Employer contributions (assets) at end of year | 2019-12-31 | $748,751 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $663,664 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $1,316,158 |
Did the plan have assets held for investment | 2019-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | CLIFTONLARSONALLEN LLP |
Accountancy firm EIN | 2019-12-31 | 410746749 |
2018 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2018 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2018-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total income from all sources (including contributions) | 2018-12-31 | $2,094,443 |
Total loss/gain on sale of assets | 2018-12-31 | $0 |
Total of all expenses incurred | 2018-12-31 | $1,174,756 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $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 year | 2018-12-31 | $23,511,583 |
Value of total assets at beginning of year | 2018-12-31 | $22,591,896 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $136,726 |
Total interest from all sources | 2018-12-31 | $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 year | 2018-12-31 | No |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $9,000,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Contributions received from participants | 2018-12-31 | $1,433,397 |
Participant contributions at end of year | 2018-12-31 | $115,636 |
Participant contributions at beginning of year | 2018-12-31 | $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 appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $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) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Investment advisory and management fees | 2018-12-31 | $136,726 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $18,488,994 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $17,524,715 |
Interest on participant loans | 2018-12-31 | $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 year | 2018-12-31 | $4,243,289 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2018-12-31 | $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 assets | 2018-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Contributions received in cash from employer | 2018-12-31 | $1,374,398 |
Employer contributions (assets) at end of year | 2018-12-31 | $663,664 |
Employer contributions (assets) at beginning of year | 2018-12-31 | $634,776 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $1,038,030 |
Did the plan have assets held for investment | 2018-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
Accountancy firm name | 2018-12-31 | CLIFTONLARSONALLEN LLP |
Accountancy firm EIN | 2018-12-31 | 410746749 |
2017 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2017 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2017-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
Total income from all sources (including contributions) | 2017-12-31 | $5,551,930 |
Total loss/gain on sale of assets | 2017-12-31 | $0 |
Total of all expenses incurred | 2017-12-31 | $1,092,563 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $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 year | 2017-12-31 | $22,591,896 |
Value of total assets at beginning of year | 2017-12-31 | $18,132,529 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $114,817 |
Total interest from all sources | 2017-12-31 | $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 year | 2017-12-31 | No |
Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
Value of fidelity bond cover | 2017-12-31 | $9,000,000 |
If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
Contributions received from participants | 2017-12-31 | $1,270,268 |
Participant contributions at end of year | 2017-12-31 | $158,820 |
Participant contributions at beginning of year | 2017-12-31 | $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 year | 2017-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2017-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Value of net income/loss | 2017-12-31 | $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) | 2017-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
Investment advisory and management fees | 2017-12-31 | $114,817 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $17,524,715 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $13,555,895 |
Interest on participant loans | 2017-12-31 | $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 year | 2017-12-31 | $4,273,585 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2017-12-31 | $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 assets | 2017-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
Contributions received in cash from employer | 2017-12-31 | $1,293,635 |
Employer contributions (assets) at end of year | 2017-12-31 | $634,776 |
Employer contributions (assets) at beginning of year | 2017-12-31 | $585,385 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $977,746 |
Did the plan have assets held for investment | 2017-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
Accountancy firm name | 2017-12-31 | CLIFTON LARSON ALLEN LLP |
Accountancy firm EIN | 2017-12-31 | 410746749 |
2016 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2016 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2016-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $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 assets | 2016-12-31 | $0 |
Total of all expenses incurred | 2016-12-31 | $559,509 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $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 year | 2016-12-31 | $18,132,529 |
Value of total assets at beginning of year | 2016-12-31 | $14,973,857 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $97,678 |
Total interest from all sources | 2016-12-31 | $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 year | 2016-12-31 | No |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $9,000,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Contributions received from participants | 2016-12-31 | $1,141,796 |
Participant contributions at end of year | 2016-12-31 | $158,877 |
Participant contributions at beginning of year | 2016-12-31 | $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 year | 2016-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2016-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $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) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Investment advisory and management fees | 2016-12-31 | $97,678 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $13,555,895 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $11,973,307 |
Interest on participant loans | 2016-12-31 | $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 year | 2016-12-31 | $3,832,372 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2016-12-31 | $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 assets | 2016-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Contributions received in cash from employer | 2016-12-31 | $1,215,190 |
Employer contributions (assets) at end of year | 2016-12-31 | $585,385 |
Employer contributions (assets) at beginning of year | 2016-12-31 | $465,709 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $461,831 |
Did the plan have assets held for investment | 2016-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
Accountancy firm name | 2016-12-31 | CLIFTON LARSON ALLEN LLP |
Accountancy firm EIN | 2016-12-31 | 410746749 |
2015 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2015 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2015-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $42,558 |
Total income from all sources (including contributions) | 2015-12-31 | $1,997,699 |
Total loss/gain on sale of assets | 2015-12-31 | $0 |
Total of all expenses incurred | 2015-12-31 | $657,287 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $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 year | 2015-12-31 | $14,973,857 |
Value of total assets at beginning of year | 2015-12-31 | $13,676,003 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $88,215 |
Total interest from all sources | 2015-12-31 | $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 year | 2015-12-31 | No |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $9,000,000 |
If this is an individual account plan, was there a blackout period | 2015-12-31 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
Contributions received from participants | 2015-12-31 | $862,004 |
Participant contributions at end of year | 2015-12-31 | $71,479 |
Participant contributions at beginning of year | 2015-12-31 | $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 year | 2015-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2015-12-31 | $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 appraiser | 2015-12-31 | No |
Value of net income/loss | 2015-12-31 | $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) | 2015-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Investment advisory and management fees | 2015-12-31 | $86,131 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-31 | $11,973,307 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-31 | $0 |
Value of interest in pooled separate accounts at end of year | 2015-12-31 | $0 |
Value of interest in pooled separate accounts at beginning of year | 2015-12-31 | $11,857,154 |
Interest on participant loans | 2015-12-31 | $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 year | 2015-12-31 | $2,463,362 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2015-12-31 | $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 accounts | 2015-12-31 | $-62,558 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
Contributions received in cash from employer | 2015-12-31 | $935,749 |
Employer contributions (assets) at end of year | 2015-12-31 | $465,709 |
Employer contributions (assets) at beginning of year | 2015-12-31 | $456,500 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $569,072 |
Contract administrator fees | 2015-12-31 | $2,084 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2015-12-31 | Yes |
Did the plan have assets held for investment | 2015-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Disclaimer |
Accountancy firm name | 2015-12-31 | CLIFTON LARSON ALLEN LLP |
Accountancy firm EIN | 2015-12-31 | 410746749 |
2014 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2014 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2014-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $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 assets | 2014-12-31 | $0 |
Total of all expenses incurred | 2014-12-31 | $543,070 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $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 year | 2014-12-31 | $13,676,003 |
Value of total assets at beginning of year | 2014-12-31 | $11,783,276 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $1,750 |
Total interest from all sources | 2014-12-31 | $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 year | 2014-12-31 | No |
Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
Value of fidelity bond cover | 2014-12-31 | $8,000,000 |
If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
Contributions received from participants | 2014-12-31 | $735,915 |
Participant contributions at end of year | 2014-12-31 | $38,279 |
Participant contributions at beginning of year | 2014-12-31 | $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 year | 2014-12-31 | $42,558 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2014-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
Value of net income/loss | 2014-12-31 | $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) | 2014-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
Investment advisory and management fees | 2014-12-31 | $1,750 |
Value of interest in pooled separate accounts at end of year | 2014-12-31 | $11,857,154 |
Value of interest in pooled separate accounts at beginning of year | 2014-12-31 | $10,520,792 |
Interest on participant loans | 2014-12-31 | $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 year | 2014-12-31 | $1,324,070 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2014-12-31 | $856,181 |
Net investment gain/loss from pooled separate accounts | 2014-12-31 | $687,889 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
Contributions received in cash from employer | 2014-12-31 | $897,291 |
Employer contributions (assets) at end of year | 2014-12-31 | $456,500 |
Employer contributions (assets) at beginning of year | 2014-12-31 | $382,441 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $541,320 |
Did the plan have assets held for investment | 2014-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Disclaimer |
Accountancy firm name | 2014-12-31 | CLIFTON LARSON ALLEN LLP |
Accountancy firm EIN | 2014-12-31 | 410746749 |
2013 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2013 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2013-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $0 |
Total income from all sources (including contributions) | 2013-12-31 | $3,256,569 |
Total loss/gain on sale of assets | 2013-12-31 | $0 |
Total of all expenses incurred | 2013-12-31 | $517,221 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $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 year | 2013-12-31 | $11,783,276 |
Value of total assets at beginning of year | 2013-12-31 | $9,043,928 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $1,200 |
Total interest from all sources | 2013-12-31 | $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 year | 2013-12-31 | No |
Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
Value of fidelity bond cover | 2013-12-31 | $6,000,000 |
If this is an individual account plan, was there a blackout period | 2013-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
Contributions received from participants | 2013-12-31 | $646,992 |
Participant contributions at end of year | 2013-12-31 | $23,862 |
Participant contributions at beginning of year | 2013-12-31 | $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 appraiser | 2013-12-31 | No |
Value of net income/loss | 2013-12-31 | $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) | 2013-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
Investment advisory and management fees | 2013-12-31 | $1,200 |
Value of interest in pooled separate accounts at end of year | 2013-12-31 | $10,520,792 |
Value of interest in pooled separate accounts at beginning of year | 2013-12-31 | $8,109,146 |
Interest on participant loans | 2013-12-31 | $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 year | 2013-12-31 | $856,181 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2013-12-31 | $574,509 |
Net investment gain/loss from pooled separate accounts | 2013-12-31 | $1,686,061 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
Contributions received in cash from employer | 2013-12-31 | $763,072 |
Employer contributions (assets) at end of year | 2013-12-31 | $382,441 |
Employer contributions (assets) at beginning of year | 2013-12-31 | $336,635 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $516,021 |
Did the plan have assets held for investment | 2013-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Disclaimer |
Accountancy firm name | 2013-12-31 | CLIFTON LARSON ALLEN LLP |
Accountancy firm EIN | 2013-12-31 | 410746749 |
2012 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2012 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2012-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $0 |
Total income from all sources (including contributions) | 2012-12-31 | $1,976,331 |
Total loss/gain on sale of assets | 2012-12-31 | $0 |
Total of all expenses incurred | 2012-12-31 | $216,938 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $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 year | 2012-12-31 | $9,043,928 |
Value of total assets at beginning of year | 2012-12-31 | $7,284,535 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $450 |
Total interest from all sources | 2012-12-31 | $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 year | 2012-12-31 | No |
Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
Value of fidelity bond cover | 2012-12-31 | $6,000,000 |
If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
Contributions received from participants | 2012-12-31 | $520,659 |
Participant contributions at end of year | 2012-12-31 | $23,638 |
Participant contributions at beginning of year | 2012-12-31 | $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 appraiser | 2012-12-31 | No |
Value of net income/loss | 2012-12-31 | $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) | 2012-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
Investment advisory and management fees | 2012-12-31 | $450 |
Value of interest in pooled separate accounts at end of year | 2012-12-31 | $8,109,146 |
Value of interest in pooled separate accounts at beginning of year | 2012-12-31 | $6,118,373 |
Interest on participant loans | 2012-12-31 | $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 year | 2012-12-31 | $574,509 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2012-12-31 | $859,581 |
Net investment gain/loss from pooled separate accounts | 2012-12-31 | $750,701 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
Contributions received in cash from employer | 2012-12-31 | $668,869 |
Employer contributions (assets) at end of year | 2012-12-31 | $336,635 |
Employer contributions (assets) at beginning of year | 2012-12-31 | $299,626 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $216,488 |
Did the plan have assets held for investment | 2012-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Disclaimer |
Accountancy firm name | 2012-12-31 | CLIFTON LARSON ALLEN LLP |
Accountancy firm EIN | 2012-12-31 | 410746749 |
2011 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2011 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2011-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
Total income from all sources (including contributions) | 2011-12-31 | $757,148 |
Total loss/gain on sale of assets | 2011-12-31 | $0 |
Total of all expenses incurred | 2011-12-31 | $126,264 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $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 year | 2011-12-31 | $7,284,535 |
Value of total assets at beginning of year | 2011-12-31 | $6,653,651 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $600 |
Total interest from all sources | 2011-12-31 | $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 year | 2011-12-31 | No |
Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
Value of fidelity bond cover | 2011-12-31 | $6,000,000 |
If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
Contributions received from participants | 2011-12-31 | $458,164 |
Participant contributions at end of year | 2011-12-31 | $6,955 |
Participant contributions at beginning of year | 2011-12-31 | $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 appraiser | 2011-12-31 | No |
Value of net income/loss | 2011-12-31 | $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) | 2011-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
Investment advisory and management fees | 2011-12-31 | $600 |
Value of interest in pooled separate accounts at end of year | 2011-12-31 | $6,118,373 |
Value of interest in pooled separate accounts at beginning of year | 2011-12-31 | $5,693,752 |
Interest on participant loans | 2011-12-31 | $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 year | 2011-12-31 | $859,581 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2011-12-31 | $660,679 |
Net investment gain/loss from pooled separate accounts | 2011-12-31 | $-515,693 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
Contributions received in cash from employer | 2011-12-31 | $609,274 |
Employer contributions (assets) at end of year | 2011-12-31 | $299,626 |
Employer contributions (assets) at beginning of year | 2011-12-31 | $290,670 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $125,664 |
Did the plan have assets held for investment | 2011-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Disclaimer |
Accountancy firm name | 2011-12-31 | CLIFTON LARSON ALLEN LLP |
Accountancy firm EIN | 2011-12-31 | 410746749 |
2010 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2010 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2010-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total income from all sources (including contributions) | 2010-12-31 | $1,445,012 |
Total loss/gain on sale of assets | 2010-12-31 | $0 |
Total of all expenses incurred | 2010-12-31 | $260,895 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $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 year | 2010-12-31 | $6,653,651 |
Value of total assets at beginning of year | 2010-12-31 | $5,469,534 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $5,400 |
Total interest from all sources | 2010-12-31 | $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 year | 2010-12-31 | No |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $6,000,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Contributions received from participants | 2010-12-31 | $383,563 |
Participant contributions at end of year | 2010-12-31 | $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 appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $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) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $4,942,563 |
Value of interest in pooled separate accounts at end of year | 2010-12-31 | $5,693,752 |
Interest on participant loans | 2010-12-31 | $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 year | 2010-12-31 | $660,679 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2010-12-31 | $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 accounts | 2010-12-31 | $286,607 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Contributions received in cash from employer | 2010-12-31 | $576,228 |
Employer contributions (assets) at end of year | 2010-12-31 | $290,670 |
Employer contributions (assets) at beginning of year | 2010-12-31 | $263,421 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $255,495 |
Contract administrator fees | 2010-12-31 | $5,400 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2010-12-31 | Yes |
Did the plan have assets held for investment | 2010-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
Accountancy firm name | 2010-12-31 | LARSON ALLEN LLP |
Accountancy firm EIN | 2010-12-31 | 410746749 |
2009 : MAGNIFI FINANCIAL 401(K) PLAN & TRUST 2009 401k financial data |
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Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |