MISSION ECONOMIC DEVELOPMENT AGENCY has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2022 : MEDA RETIREMENT SAVINGS PLAN 2022 401k financial data |
|---|
| 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 | $-17,800 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $299,180 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $275,340 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $839,870 |
| Value of total assets at end of year | 2022-12-31 | $3,967,141 |
| Value of total assets at beginning of year | 2022-12-31 | $4,284,121 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $23,840 |
| Total interest from all sources | 2022-12-31 | $9,933 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $54,655 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $54,655 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $581,607 |
| Participant contributions at end of year | 2022-12-31 | $69,232 |
| Participant contributions at beginning of year | 2022-12-31 | $46,807 |
| Participant contributions at end of year | 2022-12-31 | $26,503 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $12,230 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $4 |
| Other income not declared elsewhere | 2022-12-31 | $-58,272 |
| 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 | $-316,980 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $3,967,141 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $4,284,121 |
| 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 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $3,840,558 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $3,308,409 |
| Interest on participant loans | 2022-12-31 | $2,387 |
| Interest earned on other investments | 2022-12-31 | $7,546 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $23,206 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $928,901 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-123,695 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-740,291 |
| 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 | $246,033 |
| Employer contributions (assets) at end of year | 2022-12-31 | $7,642 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $275,340 |
| Contract administrator fees | 2022-12-31 | $23,840 |
| 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 | 2022-12-31 | Yes |
| 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 | LBMC |
| Accountancy firm EIN | 2022-12-31 | 621199757 |
| 2021 : MEDA RETIREMENT SAVINGS PLAN 2021 401k financial data |
|---|
| Total income from all sources (including contributions) | 2021-12-31 | $925,500 |
| Total of all expenses incurred | 2021-12-31 | $443,042 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $423,856 |
| Value of total corrective distributions | 2021-12-31 | $3,139 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $577,210 |
| Value of total assets at end of year | 2021-12-31 | $4,284,121 |
| Value of total assets at beginning of year | 2021-12-31 | $3,801,663 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $16,047 |
| Total interest from all sources | 2021-12-31 | $15,029 |
| 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 | $380,166 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| 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 | $446,783 |
| Participant contributions at end of year | 2021-12-31 | $46,807 |
| Participant contributions at beginning of year | 2021-12-31 | $45,267 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $4,193 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $4 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-12-31 | $48 |
| Administrative expenses (other) incurred | 2021-12-31 | $14,652 |
| 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 | $482,458 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $4,284,121 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $3,801,663 |
| 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 | $1,395 |
| Value of interest in pooled separate accounts at end of year | 2021-12-31 | $3,308,409 |
| Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $2,861,988 |
| Interest on participant loans | 2021-12-31 | $2,057 |
| Interest earned on other investments | 2021-12-31 | $12,972 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $928,901 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $894,360 |
| Net investment gain/loss from pooled separate accounts | 2021-12-31 | $333,261 |
| 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 | Yes |
| 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 | $126,234 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $423,856 |
| 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 | No |
| 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 | BPM LLP |
| Accountancy firm EIN | 2021-12-31 | 814234542 |
| 2020 : MEDA RETIREMENT SAVINGS PLAN 2020 401k financial data |
|---|
| Total income from all sources (including contributions) | 2020-12-31 | $1,057,083 |
| Total of all expenses incurred | 2020-12-31 | $128,044 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $105,967 |
| Value of total corrective distributions | 2020-12-31 | $3,876 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $518,040 |
| Value of total assets at end of year | 2020-12-31 | $3,801,663 |
| Value of total assets at beginning of year | 2020-12-31 | $2,872,624 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $18,201 |
| Total interest from all sources | 2020-12-31 | $15,291 |
| 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 | $287,262 |
| 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 | $390,477 |
| Participant contributions at end of year | 2020-12-31 | $45,267 |
| Participant contributions at beginning of year | 2020-12-31 | $55,022 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $48 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $0 |
| Administrative expenses (other) incurred | 2020-12-31 | $18,201 |
| 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 | $929,039 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $3,801,663 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $2,872,624 |
| 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 |
| Value of interest in pooled separate accounts at end of year | 2020-12-31 | $2,861,988 |
| Value of interest in pooled separate accounts at beginning of year | 2020-12-31 | $2,112,272 |
| Interest on participant loans | 2020-12-31 | $2,811 |
| Interest earned on other investments | 2020-12-31 | $12,480 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $894,360 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $705,330 |
| Net investment gain/loss from pooled separate accounts | 2020-12-31 | $523,752 |
| 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 | Yes |
| 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 | $127,563 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $105,967 |
| 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 | 2020-12-31 | No |
| 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 | BPM LLP |
| Accountancy firm EIN | 2020-12-31 | 814234542 |
