401k Plan data: MAGIC TILT TRAILERS, INC 401(K) PLAN plan

MAGIC TILT TRAILERS, INC 401(K) PLAN 401k Plan overview

Plan Name	MAGIC TILT TRAILERS, INC 401(K) PLAN
Plan identification number	002

MAGIC TILT TRAILERS, INC 401(K) PLAN Benefits

401k Plan Type

Defined 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

MAGIC TILT TRAILERS, INC has sponsored the creation of one or more 401k plans.

Company Name: MAGIC TILT TRAILERS, INC

Employer identification number (EIN): 592361330

NAIC Classification: 336210

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAGIC TILT TRAILERS, INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2017-01-01
002 2016-01-01
002 2015-01-01
002 2014-01-01 CRAIG CLAWSON 2015-10-15
002 2014-01-01
002 2013-01-01 ELIZABETH COCCIA 2014-09-16 ELIZABETH COCCIA 2014-09-16
002 2012-01-01 ELIZABETH COCCIA 2013-07-12 ELIZABETH COCCIA 2013-07-12
002 2011-01-01 ELIZABETH COCCIA 2012-10-09
002 2010-01-01 ELIZABETH COCCIA 2011-07-28
002 2009-01-01 ELIZABETH COCCIA
002 2009-01-01 ELIZABETH COCCIA

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2017-01-01
002	2016-01-01
002	2015-01-01
002	2014-01-01	CRAIG CLAWSON	2015-10-15
002	2014-01-01
002	2013-01-01	ELIZABETH COCCIA	2014-09-16	ELIZABETH COCCIA	2014-09-16
002	2012-01-01	ELIZABETH COCCIA	2013-07-12	ELIZABETH COCCIA	2013-07-12
002	2011-01-01	ELIZABETH COCCIA	2012-10-09
002	2010-01-01	ELIZABETH COCCIA	2011-07-28
002	2009-01-01	ELIZABETH COCCIA
002	2009-01-01	ELIZABETH COCCIA

Plan Statistics for MAGIC TILT TRAILERS, INC 401(K) PLAN

401k plan membership statisitcs for MAGIC TILT TRAILERS, INC 401(K) PLAN

Measure Date Value
2017: MAGIC TILT TRAILERS, INC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 141
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 0
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 0
Number of participants with account balances 2017-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: MAGIC TILT TRAILERS, INC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 145
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 117
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 13
Total of all active and inactive participants 2016-01-01 130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 130
Number of participants with account balances 2016-01-01 49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 3
2009: MAGIC TILT TRAILERS, INC 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 127
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 62
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 33
Total of all active and inactive participants 2009-01-01 95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 95
Number of participants with account balances 2009-01-01 65
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2017: MAGIC TILT TRAILERS, INC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	141
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	0
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	0
Number of participants with account balances	2017-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: MAGIC TILT TRAILERS, INC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	145
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	117
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	13
Total of all active and inactive participants	2016-01-01	130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	130
Number of participants with account balances	2016-01-01	49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	3
2009: MAGIC TILT TRAILERS, INC 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	127
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	62
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	33
Total of all active and inactive participants	2009-01-01	95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	95
Number of participants with account balances	2009-01-01	65
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on MAGIC TILT TRAILERS, INC 401(K) PLAN

Measure	Date	Value
2017 : MAGIC TILT TRAILERS, INC 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets	2017-11-15	$0
Total transfer of assets from this plan	2017-11-15	$2,213,113
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-11-15	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-11-15	$2,305
Total income from all sources (including contributions)	2017-11-15	$483,604
Total loss/gain on sale of assets	2017-11-15	$0
Total of all expenses incurred	2017-11-15	$316,659
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-11-15	$282,490
Value of total corrective distributions	2017-11-15	$32,057
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-11-15	$253,351
Value of total assets at end of year	2017-11-15	$0
Value of total assets at beginning of year	2017-11-15	$2,048,473
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-11-15	$2,112
Total interest from all sources	2017-11-15	$5,772
Total dividends received (eg from common stock, registered investment company shares)	2017-11-15	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-11-15	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2017-11-15	$0
Was this plan covered by a fidelity bond	2017-11-15	Yes
Value of fidelity bond cover	2017-11-15	$500,000
If this is an individual account plan, was there a blackout period	2017-11-15	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-11-15	$0
Were there any nonexempt tranactions with any party-in-interest	2017-11-15	No
Contributions received from participants	2017-11-15	$161,175
Participant contributions at end of year	2017-11-15	$0
Participant contributions at beginning of year	2017-11-15	$102,564
Participant contributions at end of year	2017-11-15	$0
Participant contributions at beginning of year	2017-11-15	$2,433
Income. Received or receivable in cash from other sources (including rollovers)	2017-11-15	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2017-11-15	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2017-11-15	$2,305
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-11-15	No
Income. Non cash contributions	2017-11-15	$0
Value of net income/loss	2017-11-15	$166,945
Value of net assets at end of year (total assets less liabilities)	2017-11-15	$0
Value of net assets at beginning of year (total assets less liabilities)	2017-11-15	$2,046,168
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-11-15	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-11-15	No
Were any leases to which the plan was party in default or uncollectible	2017-11-15	No
Value of interest in pooled separate accounts at end of year	2017-11-15	$0
Value of interest in pooled separate accounts at beginning of year	2017-11-15	$1,760,659
Interest on participant loans	2017-11-15	$5,772
Value of interest in common/collective trusts at end of year	2017-11-15	$0
Value of interest in common/collective trusts at beginning of year	2017-11-15	$7,997
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2017-11-15	$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2017-11-15	$173,929
Net investment gain or loss from common/collective trusts	2017-11-15	$224,481
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-11-15	No
Was there a failure to transmit to the plan any participant contributions	2017-11-15	Yes
Has the plan failed to provide any benefit when due under the plan	2017-11-15	No
Contributions received in cash from employer	2017-11-15	$92,176
Employer contributions (assets) at end of year	2017-11-15	$0
Employer contributions (assets) at beginning of year	2017-11-15	$891
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-11-15	$282,490
Contract administrator fees	2017-11-15	$2,112
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	2017-11-15	Yes
Did the plan have assets held for investment	2017-11-15	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	2017-11-15	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-11-15	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-11-15	Yes
Opinion of an independent qualified public accountant for this plan	2017-11-15	Disclaimer
Accountancy firm name	2017-11-15	SKIBBIE CPA INC
Accountancy firm EIN	2017-11-15	270851321
2016 : MAGIC TILT TRAILERS, INC 401(K) PLAN 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	$2,305
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$1,793
Total income from all sources (including contributions)	2016-12-31	$350,884
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$94,269
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$45,158
Value of total corrective distributions	2016-12-31	$46,144
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$208,218
Value of total assets at end of year	2016-12-31	$2,048,473
Value of total assets at beginning of year	2016-12-31	$1,791,346
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$2,967
Total interest from all sources	2016-12-31	$4,601
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	$500,000
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	$159,820
Participant contributions at end of year	2016-12-31	$102,564
Participant contributions at beginning of year	2016-12-31	$72,356
Participant contributions at end of year	2016-12-31	$2,433
Participant contributions at beginning of year	2016-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2016-12-31	$2,305
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2016-12-31	$1,793
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
Income. Non cash contributions	2016-12-31	$0
Value of net income/loss	2016-12-31	$256,615
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$2,046,168
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$1,789,553
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
Value of interest in pooled separate accounts at end of year	2016-12-31	$1,760,659
Value of interest in pooled separate accounts at beginning of year	2016-12-31	$1,650,050
Interest on participant loans	2016-12-31	$4,601
Value of interest in common/collective trusts at end of year	2016-12-31	$7,997
Value of interest in common/collective trusts at beginning of year	2016-12-31	$4,334
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2016-12-31	$173,929
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2016-12-31	$64,606
Net investment gain or loss from common/collective trusts	2016-12-31	$138,065
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	Yes
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	$48,398
Employer contributions (assets) at end of year	2016-12-31	$891
Employer contributions (assets) at beginning of year	2016-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$45,158
Contract administrator fees	2016-12-31	$2,967
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	SKIBBIE CPA INC
Accountancy firm EIN	2016-12-31	270851321
2009 : MAGIC TILT TRAILERS, INC 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for MAGIC TILT TRAILERS, INC 401(K) PLAN

2017: MAGIC TILT TRAILERS, INC 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	Yes
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2016: MAGIC TILT TRAILERS, INC 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2009: MAGIC TILT TRAILERS, INC 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )

Policy contract number

834640

Policy instance

Insurance contract or identification number	834640
Number of Individuals Covered	0
Insurance policy start date	2017-01-01
Insurance policy end date	2017-11-15
Total amount of commissions paid to insurance broker	USD $8,231
Total amount of fees paid to insurance company	USD $1,561
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $8,231
Amount paid for insurance broker fees	532
Additional information about fees paid to insurance broker	FEES
Insurance broker organization code?	3
Insurance broker name	KB PENSION SERVICES INC

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Company Name:	MAGIC TILT TRAILERS, INC
Employer identification number (EIN):	592361330
NAIC Classification:	336210