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MARTOWN SERVICES INC. RETIREMENT PLAN 401k Plan overview

Plan NameMARTOWN SERVICES INC. RETIREMENT PLAN
Plan identification number 001

MARTOWN SERVICES INC. RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MARTOWN SERVICES INC. has sponsored the creation of one or more 401k plans.

Company Name:MARTOWN SERVICES INC.
Employer identification number (EIN):453165014
NAIC Classification:811490
NAIC Description:Other Personal and Household Goods Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MARTOWN SERVICES INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01LUCY OLAM LUCY OLAM2017-10-15
0012015-01-01LUCY OLAM
0012014-01-01JOHN M. OLAM
0012013-01-01JOHN M. OLAM
0012012-01-01JOHN M. OLAM
0012011-09-03JOHN M. OLAM

Plan Statistics for MARTOWN SERVICES INC. RETIREMENT PLAN

401k plan membership statisitcs for MARTOWN SERVICES INC. RETIREMENT PLAN

Measure Date Value
2016: MARTOWN SERVICES INC. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0112
Total number of active participants reported on line 7a of the Form 55002016-01-012
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-012
Total participants2016-01-012
Number of participants with account balances2016-01-012
2015: MARTOWN SERVICES INC. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0113
Total number of active participants reported on line 7a of the Form 55002015-01-0112
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-011
Total of all active and inactive participants2015-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0113
Number of participants with account balances2015-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: MARTOWN SERVICES INC. RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-019
Total number of active participants reported on line 7a of the Form 55002014-01-019
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-019
Number of participants with account balances2014-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: MARTOWN SERVICES INC. RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0111
Total number of active participants reported on line 7a of the Form 55002013-01-019
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-019
Number of participants with account balances2013-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: MARTOWN SERVICES INC. RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0115
Total number of active participants reported on line 7a of the Form 55002012-01-0111
Number of other retired or separated participants entitled to future benefits2012-01-014
Total of all active and inactive participants2012-01-0115
Total participants2012-01-0115
Number of participants with account balances2012-01-015
2011: MARTOWN SERVICES INC. RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-09-0315
Total number of active participants reported on line 7a of the Form 55002011-09-0315
Number of retired or separated participants receiving benefits2011-09-030
Number of other retired or separated participants entitled to future benefits2011-09-030
Total of all active and inactive participants2011-09-0315
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-09-030
Total participants2011-09-0315
Number of participants with account balances2011-09-032
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-09-030

Financial Data on MARTOWN SERVICES INC. RETIREMENT PLAN

Measure Date Value
2016 : MARTOWN SERVICES INC. RETIREMENT PLAN 2016 401k financial data
Total income from all sources2016-12-31$2,944
Expenses. Total of all expenses incurred2016-12-31$0
Total plan assets at end of year2016-12-31$644,231
Total plan assets at beginning of year2016-12-31$641,287
Total contributions received or receivable from participants2016-12-31$793
Other income received2016-12-31$2,151
Net income (gross income less expenses)2016-12-31$2,944
Net plan assets at end of year (total assets less liabilities)2016-12-31$644,231
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$641,287
Assets. Value of employer securities2016-12-31$600,000
2015 : MARTOWN SERVICES INC. RETIREMENT PLAN 2015 401k financial data
Total income from all sources2015-12-31$-249,669
Expenses. Total of all expenses incurred2015-12-31$0
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$641,287
Total plan assets at beginning of year2015-12-31$890,956
Total contributions received or receivable from participants2015-12-31$1,059
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-250,728
Net income (gross income less expenses)2015-12-31$-249,669
Net plan assets at end of year (total assets less liabilities)2015-12-31$641,287
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$890,956
Assets. Value of employer securities2015-12-31$600,000
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0
2014 : MARTOWN SERVICES INC. RETIREMENT PLAN 2014 401k financial data
Total income from all sources2014-12-31$-294,776
Expenses. Total of all expenses incurred2014-12-31$3,518
Benefits paid (including direct rollovers)2014-12-31$3,518
Total plan assets at end of year2014-12-31$890,956
Total plan assets at beginning of year2014-12-31$1,189,250
Total contributions received or receivable from participants2014-12-31$4,005
Other income received2014-12-31$-298,781
Net income (gross income less expenses)2014-12-31$-298,294
Net plan assets at end of year (total assets less liabilities)2014-12-31$890,956
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,189,250
Assets. Value of employer securities2014-12-31$850,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$3,518
2013 : MARTOWN SERVICES INC. RETIREMENT PLAN 2013 401k financial data
Total income from all sources2013-12-31$604,239
Expenses. Total of all expenses incurred2013-12-31$0
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$1,189,250
Total plan assets at beginning of year2013-12-31$585,011
Total contributions received or receivable from participants2013-12-31$2,254
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$601,985
Net income (gross income less expenses)2013-12-31$604,239
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,189,250
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$585,011
Assets. Value of employer securities2013-12-31$1,150,000
Total contributions received or receivable from employer(s)2013-12-31$0
Value of certain deemed distributions of participant loans2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$0
2012 : MARTOWN SERVICES INC. RETIREMENT PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$135,124
Total income from all sources2012-12-31$436,122
Expenses. Total of all expenses incurred2012-12-31$121,235
Benefits paid (including direct rollovers)2012-12-31$121,235
Total plan assets at end of year2012-12-31$585,011
Total plan assets at beginning of year2012-12-31$135,000
Total contributions received or receivable from participants2012-12-31$2,434
Other income received2012-12-31$431,467
Net income (gross income less expenses)2012-12-31$314,887
Net plan assets at end of year (total assets less liabilities)2012-12-31$585,011
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$135,000
Assets. Value of employer securities2012-12-31$554,257
Total contributions received or receivable from employer(s)2012-12-31$2,221
2011 : MARTOWN SERVICES INC. RETIREMENT PLAN 2011 401k financial data
Total income from all sources2011-12-31$135,025
Expenses. Total of all expenses incurred2011-12-31$25
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$135,000
Total contributions received or receivable from participants2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$128,026
Other income received2011-12-31$6,999
Net income (gross income less expenses)2011-12-31$135,000
Net plan assets at end of year (total assets less liabilities)2011-12-31$135,000
Assets. Value of employer securities2011-12-31$135,000
Total contributions received or receivable from employer(s)2011-12-31$0
Value of certain deemed distributions of participant loans2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$25

Form 5500 Responses for MARTOWN SERVICES INC. RETIREMENT PLAN

2016: MARTOWN SERVICES INC. RETIREMENT PLAN 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: MARTOWN SERVICES INC. RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
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: MARTOWN SERVICES INC. RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
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: MARTOWN SERVICES INC. RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
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: MARTOWN SERVICES INC. RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MARTOWN SERVICES INC. RETIREMENT PLAN 2011 form 5500 responses
2011-09-03Type of plan entitySingle employer plan
2011-09-03First time form 5500 has been submittedYes
2011-09-03This return/report is a short plan year return/report (less than 12 months)Yes
2011-09-03Plan funding arrangement – TrustYes
2011-09-03Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number
Policy instance 1
Number of Individuals Covered3
Total amount of commissions paid to insurance brokerUSD $155
Total amount of fees paid to insurance companyUSD $52
Commission paid to Insurance BrokerUSD $155
Amount paid for insurance broker fees52
Insurance broker nameHUGH J MCGINLEY

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