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Plan Name | MODERN AVIATION 401(K) PLAN |
Plan identification number | 001 |
401k Plan Type | Defined Contribution Pension |
Plan Features/Benefits |
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Company Name: | MODERN AVIATION, INC. |
Employer identification number (EIN): | 824451754 |
NAIC Classification: | 488100 |
NAIC Description: | Support Activities for Air Transportation |
Additional information about MODERN AVIATION, INC.
Jurisdiction of Incorporation: | Texas Secretary of State |
Incorporation Date: | 2021-08-09 |
Company Identification Number: | 0804188674 |
Legal Registered Office Address: |
717 5TH AVE STE 12A NEW YORK United States of America (USA) 10022 |
More information about MODERN AVIATION, INC.
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 | ||||
001 | 2020-01-01 | ||||
001 | 2019-06-15 |
Measure | Date | Value |
---|---|---|
2022: MODERN AVIATION 401(K) PLAN 2022 401k membership | ||
Total participants, beginning-of-year | 2022-01-01 | 103 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 242 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 13 |
Total of all active and inactive participants | 2022-01-01 | 255 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
Total participants | 2022-01-01 | 255 |
Number of participants with account balances | 2022-01-01 | 102 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
2021: MODERN AVIATION 401(K) PLAN 2021 401k membership | ||
Total participants, beginning-of-year | 2021-01-01 | 101 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 95 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 8 |
Total of all active and inactive participants | 2021-01-01 | 103 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 0 |
Total participants | 2021-01-01 | 103 |
Number of participants with account balances | 2021-01-01 | 38 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 0 |
2020: MODERN AVIATION 401(K) PLAN 2020 401k membership | ||
Total participants, beginning-of-year | 2020-01-01 | 47 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 95 |
Number of retired or separated participants receiving benefits | 2020-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 6 |
Total of all active and inactive participants | 2020-01-01 | 101 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 0 |
Total participants | 2020-01-01 | 101 |
Number of participants with account balances | 2020-01-01 | 36 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 0 |
2019: MODERN AVIATION 401(K) PLAN 2019 401k membership | ||
Total participants, beginning-of-year | 2019-06-15 | 91 |
Total number of active participants reported on line 7a of the Form 5500 | 2019-06-15 | 42 |
Number of retired or separated participants receiving benefits | 2019-06-15 | 0 |
Number of other retired or separated participants entitled to future benefits | 2019-06-15 | 5 |
Total of all active and inactive participants | 2019-06-15 | 47 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-06-15 | 0 |
Total participants | 2019-06-15 | 47 |
Number of participants with account balances | 2019-06-15 | 20 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-06-15 | 0 |
Measure | Date | Value |
---|---|---|
2022 : MODERN AVIATION 401(K) PLAN 2022 401k financial data | ||
Transfers to/from the plan | 2022-12-31 | $0 |
Total plan liabilities at end of year | 2022-12-31 | $0 |
Total plan liabilities at beginning of year | 2022-12-31 | $0 |
Total income from all sources | 2022-12-31 | $1,536,517 |
Expenses. Total of all expenses incurred | 2022-12-31 | $396,756 |
Benefits paid (including direct rollovers) | 2022-12-31 | $381,723 |
Total plan assets at end of year | 2022-12-31 | $3,594,448 |
Total plan assets at beginning of year | 2022-12-31 | $2,454,687 |
Value of fidelity bond covering the plan | 2022-12-31 | $500,000 |
Assets. Value of tangible personal property | 2022-12-31 | $0 |
Total contributions received or receivable from participants | 2022-12-31 | $362,061 |
Assets. Value of loans (other than to participants) | 2022-12-31 | $0 |
Expenses. Other expenses not covered elsewhere | 2022-12-31 | $0 |
Contributions received from other sources (not participants or employers) | 2022-12-31 | $1,289,930 |
Other income received | 2022-12-31 | $-273,578 |
Noncash contributions received | 2022-12-31 | $0 |
Net income (gross income less expenses) | 2022-12-31 | $1,139,761 |
Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $3,594,448 |
Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $2,454,687 |
Assets. Value of participant loans | 2022-12-31 | $61,502 |
Assets. Value of assets in partnership/joint-venture interests | 2022-12-31 | $0 |
Assets. Value of real-estate (other than employer real property) | 2022-12-31 | $0 |
Assets. Value of employer securities | 2022-12-31 | $0 |
Assets. Value of employer real property | 2022-12-31 | $0 |
Total contributions received or receivable from employer(s) | 2022-12-31 | $158,104 |
Value of certain deemed distributions of participant loans | 2022-12-31 | $0 |
Value of corrective distributions | 2022-12-31 | $0 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2022-12-31 | $15,033 |
2021 : MODERN AVIATION 401(K) PLAN 2021 401k financial data | ||
Transfers to/from the plan | 2021-12-31 | $0 |
Total plan liabilities at end of year | 2021-12-31 | $0 |
Total plan liabilities at beginning of year | 2021-12-31 | $0 |
Total income from all sources | 2021-12-31 | $697,171 |
Expenses. Total of all expenses incurred | 2021-12-31 | $294,155 |
Benefits paid (including direct rollovers) | 2021-12-31 | $281,532 |
Total plan assets at end of year | 2021-12-31 | $2,454,687 |
Total plan assets at beginning of year | 2021-12-31 | $2,051,671 |
Value of fidelity bond covering the plan | 2021-12-31 | $500,000 |
Assets. Value of tangible personal property | 2021-12-31 | $0 |
Total contributions received or receivable from participants | 2021-12-31 | $251,131 |
Assets. Value of loans (other than to participants) | 2021-12-31 | $0 |
Expenses. Other expenses not covered elsewhere | 2021-12-31 | $0 |
Contributions received from other sources (not participants or employers) | 2021-12-31 | $18,751 |
Other income received | 2021-12-31 | $326,465 |
Noncash contributions received | 2021-12-31 | $0 |
Net income (gross income less expenses) | 2021-12-31 | $403,016 |
Net plan assets at end of year (total assets less liabilities) | 2021-12-31 | $2,454,687 |
Net plan assets at beginning of year (total assets less liabilities) | 2021-12-31 | $2,051,671 |
Assets. Value of participant loans | 2021-12-31 | $38,816 |
Assets. Value of assets in partnership/joint-venture interests | 2021-12-31 | $0 |
Assets. Value of real-estate (other than employer real property) | 2021-12-31 | $0 |
Assets. Value of employer securities | 2021-12-31 | $0 |
Assets. Value of employer real property | 2021-12-31 | $0 |
Total contributions received or receivable from employer(s) | 2021-12-31 | $100,824 |
Value of certain deemed distributions of participant loans | 2021-12-31 | $0 |
Value of corrective distributions | 2021-12-31 | $0 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2021-12-31 | $12,623 |
2020 : MODERN AVIATION 401(K) PLAN 2020 401k financial data | ||
Transfers to/from the plan | 2020-12-31 | $0 |
Total plan liabilities at end of year | 2020-12-31 | $0 |
Total plan liabilities at beginning of year | 2020-12-31 | $0 |
Total income from all sources | 2020-12-31 | $565,227 |
Expenses. Total of all expenses incurred | 2020-12-31 | $86,470 |
Benefits paid (including direct rollovers) | 2020-12-31 | $77,658 |
Total plan assets at end of year | 2020-12-31 | $2,051,671 |
Total plan assets at beginning of year | 2020-12-31 | $1,572,914 |
Value of fidelity bond covering the plan | 2020-12-31 | $500,000 |
Assets. Value of tangible personal property | 2020-12-31 | $0 |
Total contributions received or receivable from participants | 2020-12-31 | $162,874 |
Assets. Value of loans (other than to participants) | 2020-12-31 | $0 |
Expenses. Other expenses not covered elsewhere | 2020-12-31 | $0 |
Contributions received from other sources (not participants or employers) | 2020-12-31 | $60,055 |
Other income received | 2020-12-31 | $279,881 |
Noncash contributions received | 2020-12-31 | $0 |
Net income (gross income less expenses) | 2020-12-31 | $478,757 |
Net plan assets at end of year (total assets less liabilities) | 2020-12-31 | $2,051,671 |
Net plan assets at beginning of year (total assets less liabilities) | 2020-12-31 | $1,572,914 |
Assets. Value of participant loans | 2020-12-31 | $0 |
Assets. Value of assets in partnership/joint-venture interests | 2020-12-31 | $0 |
Assets. Value of real-estate (other than employer real property) | 2020-12-31 | $0 |
Assets. Value of employer securities | 2020-12-31 | $0 |
Assets. Value of employer real property | 2020-12-31 | $0 |
Total contributions received or receivable from employer(s) | 2020-12-31 | $62,417 |
Value of certain deemed distributions of participant loans | 2020-12-31 | $0 |
Value of corrective distributions | 2020-12-31 | $0 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2020-12-31 | $8,812 |
2019 : MODERN AVIATION 401(K) PLAN 2019 401k financial data | ||
Transfers to/from the plan | 2019-12-31 | $1,561,060 |
Total plan liabilities at end of year | 2019-12-31 | $0 |
Total plan liabilities at beginning of year | 2019-12-31 | $0 |
Total income from all sources | 2019-12-31 | $212,875 |
Expenses. Total of all expenses incurred | 2019-12-31 | $201,021 |
Benefits paid (including direct rollovers) | 2019-12-31 | $197,901 |
Total plan assets at end of year | 2019-12-31 | $1,572,914 |
Total plan assets at beginning of year | 2019-12-31 | $0 |
Value of fidelity bond covering the plan | 2019-12-31 | $500,000 |
Total contributions received or receivable from participants | 2019-12-31 | $60,417 |
Expenses. Other expenses not covered elsewhere | 2019-12-31 | $0 |
Contributions received from other sources (not participants or employers) | 2019-12-31 | $0 |
Other income received | 2019-12-31 | $129,169 |
Noncash contributions received | 2019-12-31 | $0 |
Net income (gross income less expenses) | 2019-12-31 | $11,854 |
Net plan assets at end of year (total assets less liabilities) | 2019-12-31 | $1,572,914 |
Net plan assets at beginning of year (total assets less liabilities) | 2019-12-31 | $0 |
Assets. Value of participant loans | 2019-12-31 | $1,822 |
Total contributions received or receivable from employer(s) | 2019-12-31 | $23,289 |
Value of certain deemed distributions of participant loans | 2019-12-31 | $0 |
Value of corrective distributions | 2019-12-31 | $0 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2019-12-31 | $3,120 |
2022: MODERN AVIATION 401(K) PLAN 2022 form 5500 responses | ||
---|---|---|
2022-01-01 | Type of plan entity | Single employer plan |
2022-01-01 | This submission is the final filing | No |
2022-01-01 | Plan is a collectively bargained plan | No |
2022-01-01 | Plan funding arrangement – Trust | Yes |
2022-01-01 | Plan benefit arrangement - Trust | Yes |
2021: MODERN AVIATION 401(K) PLAN 2021 form 5500 responses | ||
2021-01-01 | Type of plan entity | Single employer plan |
2021-01-01 | Submission has been amended | No |
2021-01-01 | This submission is the final filing | No |
2021-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2021-01-01 | Plan is a collectively bargained plan | No |
2021-01-01 | Plan funding arrangement – Trust | Yes |
2021-01-01 | Plan benefit arrangement - Trust | Yes |
2020: MODERN AVIATION 401(K) PLAN 2020 form 5500 responses | ||
2020-01-01 | Type of plan entity | Single employer plan |
2020-01-01 | This submission is the final filing | No |
2020-01-01 | Plan is a collectively bargained plan | No |
2020-01-01 | Plan funding arrangement – Trust | Yes |
2020-01-01 | Plan benefit arrangement - Trust | Yes |
2019: MODERN AVIATION 401(K) PLAN 2019 form 5500 responses | ||
2019-06-15 | Type of plan entity | Single employer plan |
2019-06-15 | First time form 5500 has been submitted | Yes |
2019-06-15 | Submission has been amended | No |
2019-06-15 | This submission is the final filing | No |
2019-06-15 | This return/report is a short plan year return/report (less than 12 months) | Yes |
2019-06-15 | Plan is a collectively bargained plan | No |
2019-06-15 | Plan funding arrangement – Trust | Yes |
2019-06-15 | Plan benefit arrangement - Trust | Yes |