401k Plan data: MISSISSIPPI MARINE CORPORATION 401 (K) RETIREMENT PLAN plan

MISSISSIPPI MARINE CORPORATION 401 (K) RETIREMENT PLAN 401k Plan overview

Plan Name	MISSISSIPPI MARINE CORPORATION 401 (K) RETIREMENT PLAN
Plan identification number	001

MISSISSIPPI MARINE CORPORATION 401 (K) RETIREMENT 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

MISSISSIPPI MARINE CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: MISSISSIPPI MARINE CORPORATION

Employer identification number (EIN): 640524327

NAIC Classification: 811310
NAIC Description: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

Additional information about MISSISSIPPI MARINE CORPORATION

Jurisdiction of Incorporation: Mississippi Secretary of State

Incorporation Date:

Company Identification Number: 530959

More information about MISSISSIPPI MARINE CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MISSISSIPPI MARINE CORPORATION 401 (K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01 STEVEN MILLWOOD 2022-10-11
001 2020-01-01 STEVEN MILLWOOD 2021-08-04
001 2019-01-01 STEVEN MILLWOOD 2020-07-24
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01 STEVEN MILLWOOD 2015-10-07
001 2013-01-01 JEFFERY L NIGHTINGALE 2014-02-28
001 2012-01-01 JEFFERY L NIGHTINGALE 2013-07-22
001 2011-01-01 JEFFERY L NIGHTINGALE 2012-10-12
001 2009-01-01 JEFFERY NIGHTINGALE

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01
001	2021-01-01	STEVEN MILLWOOD	2022-10-11
001	2020-01-01	STEVEN MILLWOOD	2021-08-04
001	2019-01-01	STEVEN MILLWOOD	2020-07-24
001	2018-01-01
001	2017-01-01
001	2016-01-01
001	2015-01-01
001	2014-01-01	STEVEN MILLWOOD	2015-10-07
001	2013-01-01	JEFFERY L NIGHTINGALE	2014-02-28
001	2012-01-01	JEFFERY L NIGHTINGALE	2013-07-22
001	2011-01-01	JEFFERY L NIGHTINGALE	2012-10-12
001	2009-01-01	JEFFERY NIGHTINGALE

Plan Statistics for MISSISSIPPI MARINE CORPORATION 401 (K) RETIREMENT PLAN

401k plan membership statisitcs for MISSISSIPPI MARINE CORPORATION 401 (K) RETIREMENT PLAN

Measure Date Value
2009: MISSISSIPPI MARINE CORPORATION 401 (K) RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 95
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 93
Number of other retired or separated participants entitled to future benefits 2009-01-01 9
Total of all active and inactive participants 2009-01-01 102
Total participants 2009-01-01 102
Number of participants with account balances 2009-01-01 84
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 22

Measure	Date	Value
2009: MISSISSIPPI MARINE CORPORATION 401 (K) RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	95
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	93
Number of other retired or separated participants entitled to future benefits	2009-01-01	9
Total of all active and inactive participants	2009-01-01	102
Total participants	2009-01-01	102
Number of participants with account balances	2009-01-01	84
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	22

Financial Data on MISSISSIPPI MARINE CORPORATION 401 (K) RETIREMENT PLAN

Measure	Date	Value
2010 : MISSISSIPPI MARINE CORPORATION 401 (K) RETIREMENT PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$438,829
Expenses. Total of all expenses incurred	2010-12-31	$416,366
Benefits paid (including direct rollovers)	2010-12-31	$402,463
Total plan assets at end of year	2010-12-31	$2,884,290
Total plan assets at beginning of year	2010-12-31	$2,861,827
Value of fidelity bond covering the plan	2010-12-31	$500,000
Total contributions received or receivable from participants	2010-12-31	$236,378
Expenses. Other expenses not covered elsewhere	2010-12-31	$3,491
Other income received	2010-12-31	$136,307
Net income (gross income less expenses)	2010-12-31	$22,463
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$2,884,290
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$2,861,827
Assets. Value of participant loans	2010-12-31	$309,734
Total contributions received or receivable from employer(s)	2010-12-31	$66,144
Value of corrective distributions	2010-12-31	$10,412

Form 5500 Responses for MISSISSIPPI MARINE CORPORATION 401 (K) RETIREMENT PLAN

2009: MISSISSIPPI MARINE CORPORATION 401 (K) RETIREMENT 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 – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes

Insurance Providers Used on plan

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

Policy contract number

GA-027342

Policy instance

Insurance contract or identification number	GA-027342
Number of Individuals Covered	77
Insurance policy start date	2010-01-01
Insurance policy end date	2010-12-31
Total amount of commissions paid to insurance broker	USD $5,191
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $3,860
Insurance broker organization code?	3
Insurance broker name	MERRILL LYNCH LIFE AGENCY

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Company Name:	MISSISSIPPI MARINE CORPORATION
Employer identification number (EIN):	640524327
NAIC Classification:	811310
NAIC Description:	Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

Jurisdiction of Incorporation:	Mississippi Secretary of State
Incorporation Date:
Company Identification Number:	530959