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MAGNUM SYSTEMS, INC. SAVINGS PLAN 401k Plan overview

Plan NameMAGNUM SYSTEMS, INC. SAVINGS PLAN
Plan identification number 002

MAGNUM SYSTEMS, INC. SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 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.
  • 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

MAGNUM SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:MAGNUM SYSTEMS, INC.
Employer identification number (EIN):481189930
NAIC Classification:333900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAGNUM SYSTEMS, INC. SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01BILL MEAD2023-10-16
0022021-01-01BILLY MEAD2022-10-14 BILLY MEAD2022-10-14
0022020-01-01BILLY MEAD2021-07-14 BILLY MEAD2021-07-14
0022019-01-01DEBRA WEIDERT2020-04-22 DEBRA WEIDERT2020-04-22
0022018-01-01DEBRA L WEIDERT2019-03-29 DEBRA L WEIDERT2019-03-29
0022017-01-01DEBRA WEIDERT2018-04-13 DEBRA WEIDERT2018-04-13
0022016-01-01DEBRA WEIDERT2017-01-30 DEBRA WEIDERT2017-01-30
0022015-01-01DEBRA WEIDERT2016-04-07 DEBRA WEIDERT2016-04-07
0022014-01-01DEBRA WEIDERT2015-04-07 DEBRA WEIDERT2015-04-07
0022013-01-01DEBRA WEIDERT2014-02-21 DEBRA WEIDERT2014-02-21
0022012-06-01DEBRA WEIDERT2013-02-20 DEBRA WEIDERT2013-02-20
0022011-06-01DEBRA WEIDERT2012-10-04 DEBRA WEIDERT2012-10-04
0022009-06-01DEBRA WEIDERT DEBRA WEIDERT2011-02-03

Plan Statistics for MAGNUM SYSTEMS, INC. SAVINGS PLAN

401k plan membership statisitcs for MAGNUM SYSTEMS, INC. SAVINGS PLAN

Measure Date Value
2009: MAGNUM SYSTEMS, INC. SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-06-01102
Total number of active participants reported on line 7a of the Form 55002009-06-0185
Number of retired or separated participants receiving benefits2009-06-010
Number of other retired or separated participants entitled to future benefits2009-06-0120
Total of all active and inactive participants2009-06-01105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-06-010
Total participants2009-06-01105
Number of participants with account balances2009-06-01101
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-06-010

Financial Data on MAGNUM SYSTEMS, INC. SAVINGS PLAN

Measure Date Value
2011 : MAGNUM SYSTEMS, INC. SAVINGS PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-05-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-05-31$900
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-05-31$0
Total income from all sources (including contributions)2011-05-31$1,629,118
Total loss/gain on sale of assets2011-05-31$0
Total of all expenses incurred2011-05-31$658,435
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-05-31$653,234
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-05-31$482,716
Value of total assets at end of year2011-05-31$6,427,271
Value of total assets at beginning of year2011-05-31$5,455,688
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-05-31$5,201
Total interest from all sources2011-05-31$9,293
Total dividends received (eg from common stock, registered investment company shares)2011-05-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-05-31No
Administrative expenses professional fees incurred2011-05-31$4,464
Was this plan covered by a fidelity bond2011-05-31Yes
Value of fidelity bond cover2011-05-31$500,000
If this is an individual account plan, was there a blackout period2011-05-31No
Were there any nonexempt tranactions with any party-in-interest2011-05-31No
Contributions received from participants2011-05-31$345,337
Participant contributions at end of year2011-05-31$237,905
Participant contributions at beginning of year2011-05-31$219,531
Income. Received or receivable in cash from other sources (including rollovers)2011-05-31$6,398
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-05-31$900
Administrative expenses (other) incurred2011-05-31$3
Total non interest bearing cash at end of year2011-05-31$1,762
Total non interest bearing cash at beginning of year2011-05-31$2,850
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-05-31No
Value of net income/loss2011-05-31$970,683
Value of net assets at end of year (total assets less liabilities)2011-05-31$6,426,371
Value of net assets at beginning of year (total assets less liabilities)2011-05-31$5,455,688
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-05-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-05-31No
Were any leases to which the plan was party in default or uncollectible2011-05-31No
Value of interest in pooled separate accounts at end of year2011-05-31$6,187,604
Value of interest in pooled separate accounts at beginning of year2011-05-31$5,082,128
Interest on participant loans2011-05-31$9,293
Value of interest in common/collective trusts at beginning of year2011-05-31$151,179
Net investment gain/loss from pooled separate accounts2011-05-31$1,133,443
Net investment gain or loss from common/collective trusts2011-05-31$3,666
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-05-31No
Was there a failure to transmit to the plan any participant contributions2011-05-31No
Has the plan failed to provide any benefit when due under the plan2011-05-31No
Contributions received in cash from employer2011-05-31$130,981
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-05-31$653,234
Contract administrator fees2011-05-31$734
Did the plan have assets held for investment2011-05-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-05-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-05-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-05-31Yes
Opinion of an independent qualified public accountant for this plan2011-05-31Disclaimer
Accountancy firm name2011-05-31BKD, LLP
Accountancy firm EIN2011-05-31440160260

Form 5500 Responses for MAGNUM SYSTEMS, INC. SAVINGS PLAN

2009: MAGNUM SYSTEMS, INC. SAVINGS PLAN 2009 form 5500 responses
2009-06-01Type of plan entitySingle employer plan
2009-06-01Submission has been amendedNo
2009-06-01This submission is the final filingNo
2009-06-01This return/report is a short plan year return/report (less than 12 months)No
2009-06-01Plan is a collectively bargained planNo
2009-06-01Plan funding arrangement – InsuranceYes
2009-06-01Plan funding arrangement – TrustYes
2009-06-01Plan benefit arrangement – InsuranceYes
2009-06-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number97263
Policy instance 1
Insurance contract or identification number97263
Number of Individuals Covered90
Insurance policy start date2010-06-01
Insurance policy end date2011-05-31
Total amount of commissions paid to insurance brokerUSD $12,202
Total amount of fees paid to insurance companyUSD $19,007
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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