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MCLAINS MARKETS INC 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameMCLAINS MARKETS INC 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

MCLAINS MARKETS INC 401(K) PROFIT SHARING PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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

MCLAINS MARKETS INC has sponsored the creation of one or more 401k plans.

Company Name:MCLAINS MARKETS INC
Employer identification number (EIN):812254157
NAIC Classification:722513
NAIC Description:Limited-Service Restaurants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MCLAINS MARKETS INC 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01REBEKAH MAYER2023-07-28
0012021-01-01REBEKAH MAYER2022-04-12
0012020-01-01REBEKAH MAYER2021-04-12
0012020-01-01REBEKAH MAYER2021-05-03
0012020-01-01REBEKAH MAYER2021-08-24
0012019-01-01GREG HIRLEMAN2020-07-20
0012018-01-01GREG HIRLEMAN2019-07-15

Financial Data on MCLAINS MARKETS INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2025 : MCLAINS MARKETS INC 401(K) PROFIT SHARING PLAN & TRUST 2025 401k financial data
Total transfers to/from plan in this plan year2025-02-11-255508
Total liabilities as of the beginning of the plan year2025-02-110
Total expenses incurred by plan in this plan year2025-02-118628
Total assets as of the beginning of the plan year2025-02-11237586
Participant contributions to plan in this plan year2025-02-1110942
Other expenses paid from plan in this plan year2025-02-110
Other income to plan in this plan year2025-02-118075
Plan net income in this plan year2025-02-1117922
Net assets as of the end of the plan year2025-02-110
Net assets as of the beginning of the plan year2025-02-11237586
Employer contributions to plan in this plan year2025-02-117533
Expensese paid to adminstrative service provicers from plan in this plan year2025-02-11622
2022 : MCLAINS MARKETS INC 401(K) PROFIT SHARING PLAN & TRUST 2022 401k financial data
Total transfers to/from plan in this plan year2022-04-120
Total liabilities as of the end of the plan year2022-04-120
Total liabilities as of the beginning of the plan year2022-04-120
Total expenses incurred by plan in this plan year2022-04-122727
Net assets as of the end of the plan year2022-04-12221581
Total assets as of the beginning of the plan year2022-04-12137037
Value of plan covered by a fidelity bond2022-04-12100000
Participant contributions to plan in this plan year2022-04-1236219
Other expenses paid from plan in this plan year2022-04-120
Other contributions to plan in this plan year2022-04-120
Other income to plan in this plan year2022-04-1225142
Plan net income in this plan year2022-04-1284544
Net assets as of the end of the plan year2022-04-12221581
Net assets as of the beginning of the plan year2022-04-12137037
Employer contributions to plan in this plan year2022-04-1225910
Expensese paid to adminstrative service provicers from plan in this plan year2022-04-121635

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