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MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameMAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

MAGNUM SEEDS, INC. 401(K) PROFIT SHARING 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 SEED, INC has sponsored the creation of one or more 401k plans.

Company Name:MAGNUM SEED, INC
Employer identification number (EIN):770532401
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01KENNETH OWENS
0012015-01-01KENNETH OWENS
0012014-01-01KENNETH OWENS
0012013-01-01KENNETH OWENS
0012012-01-01KENNETH OWENS
0012011-01-01KENNETH OWENS
0012010-01-01KENNETH OWENS
0012009-01-01KENNETH OWENS

Plan Statistics for MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2016: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0131
Total number of active participants reported on line 7a of the Form 55002016-01-010
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 participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Number of participants with account balances2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-011
2015: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0130
Total number of active participants reported on line 7a of the Form 55002015-01-0129
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-012
Total of all active and inactive participants2015-01-0131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0131
Number of participants with account balances2015-01-0130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0128
Total number of active participants reported on line 7a of the Form 55002014-01-0128
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-012
Total of all active and inactive participants2014-01-0130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0130
Number of participants with account balances2014-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-011
2013: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0123
Total number of active participants reported on line 7a of the Form 55002013-01-0126
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-012
Total of all active and inactive participants2013-01-0128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0128
Number of participants with account balances2013-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-011
2012: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0120
Total number of active participants reported on line 7a of the Form 55002012-01-0122
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-0123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0123
Number of participants with account balances2012-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-011
2011: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0117
Total number of active participants reported on line 7a of the Form 55002011-01-0120
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-0120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0120
Number of participants with account balances2011-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0116
Total number of active participants reported on line 7a of the Form 55002010-01-0117
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0117
Number of participants with account balances2010-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0114
Total number of active participants reported on line 7a of the Form 55002009-01-0116
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0116
Number of participants with account balances2009-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2016 : MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Transfers to/from the plan2016-06-30$-2,149,636
Total plan liabilities at end of year2016-06-30$0
Total plan liabilities at beginning of year2016-06-30$0
Total income from all sources2016-06-30$419,712
Expenses. Total of all expenses incurred2016-06-30$342,565
Benefits paid (including direct rollovers)2016-06-30$341,649
Total plan assets at end of year2016-06-30$0
Total plan assets at beginning of year2016-06-30$2,072,489
Value of fidelity bond covering the plan2016-06-30$20,000
Total contributions received or receivable from participants2016-06-30$237,816
Expenses. Other expenses not covered elsewhere2016-06-30$0
Contributions received from other sources (not participants or employers)2016-06-30$0
Other income received2016-06-30$70,287
Noncash contributions received2016-06-30$0
Net income (gross income less expenses)2016-06-30$77,147
Net plan assets at end of year (total assets less liabilities)2016-06-30$0
Net plan assets at beginning of year (total assets less liabilities)2016-06-30$2,072,489
Assets. Value of participant loans2016-06-30$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022016-06-30$0
Total contributions received or receivable from employer(s)2016-06-30$111,609
Value of certain deemed distributions of participant loans2016-06-30$0
Value of corrective distributions2016-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-06-30$916
2015 : MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$301,850
Expenses. Total of all expenses incurred2015-12-31$1,355
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$2,072,489
Total plan assets at beginning of year2015-12-31$1,771,994
Value of fidelity bond covering the plan2015-12-31$20,000
Total contributions received or receivable from participants2015-12-31$227,683
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-12,211
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$300,495
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,072,489
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,771,994
Assets. Value of participant loans2015-12-31$18,570
Total contributions received or receivable from employer(s)2015-12-31$86,378
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$1,355
2014 : MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$367,450
Expenses. Total of all expenses incurred2014-12-31$90,850
Benefits paid (including direct rollovers)2014-12-31$89,590
Total plan assets at end of year2014-12-31$1,771,994
Total plan assets at beginning of year2014-12-31$1,495,394
Value of fidelity bond covering the plan2014-12-31$20,000
Total contributions received or receivable from participants2014-12-31$188,540
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$107,576
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$276,600
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,771,994
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,495,394
Assets. Value of participant loans2014-12-31$489
Total contributions received or receivable from employer(s)2014-12-31$71,334
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$1,260
2013 : MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$445,053
Expenses. Total of all expenses incurred2013-12-31$13,180
Benefits paid (including direct rollovers)2013-12-31$12,054
Total plan assets at end of year2013-12-31$1,495,394
Total plan assets at beginning of year2013-12-31$1,063,521
Value of fidelity bond covering the plan2013-12-31$20,000
Total contributions received or receivable from participants2013-12-31$163,272
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$13,094
Other income received2013-12-31$196,216
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$431,873
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,495,394
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,063,521
Assets. Value of participant loans2013-12-31$6,725
Total contributions received or receivable from employer(s)2013-12-31$72,471
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$1,126
2012 : MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$264,571
Expenses. Total of all expenses incurred2012-12-31$5,435
Benefits paid (including direct rollovers)2012-12-31$4,645
Total plan assets at end of year2012-12-31$1,063,521
Total plan assets at beginning of year2012-12-31$804,385
Value of fidelity bond covering the plan2012-12-31$20,000
Total contributions received or receivable from participants2012-12-31$118,961
Other income received2012-12-31$121,503
Net income (gross income less expenses)2012-12-31$259,136
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,063,521
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$804,385
Assets. Value of participant loans2012-12-31$12,566
Total contributions received or receivable from employer(s)2012-12-31$24,107
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$790
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$104,857
Expenses. Total of all expenses incurred2011-12-31$2,140
Total plan assets at end of year2011-12-31$804,385
Total plan assets at beginning of year2011-12-31$701,668
Value of fidelity bond covering the plan2011-12-31$20,000
Total contributions received or receivable from participants2011-12-31$112,404
Contributions received from other sources (not participants or employers)2011-12-31$3,176
Other income received2011-12-31$-33,182
Net income (gross income less expenses)2011-12-31$102,717
Net plan assets at end of year (total assets less liabilities)2011-12-31$804,385
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$701,668
Assets. Value of participant loans2011-12-31$18,922
Total contributions received or receivable from employer(s)2011-12-31$22,459
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$2,140
2010 : MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$254,296
Expenses. Total of all expenses incurred2010-12-31$2,534
Benefits paid (including direct rollovers)2010-12-31$1,728
Total plan assets at end of year2010-12-31$701,668
Total plan assets at beginning of year2010-12-31$449,906
Value of fidelity bond covering the plan2010-12-31$20,000
Total contributions received or receivable from participants2010-12-31$105,429
Contributions received from other sources (not participants or employers)2010-12-31$42,388
Other income received2010-12-31$86,081
Net income (gross income less expenses)2010-12-31$251,762
Net plan assets at end of year (total assets less liabilities)2010-12-31$701,668
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$449,906
Assets. Value of participant loans2010-12-31$23,019
Total contributions received or receivable from employer(s)2010-12-31$20,398
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$806
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN

2016: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING 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 filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: MAGNUM SEEDS, INC. 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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