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MAGIC AND MORE INC. RETIREMENT PLAN 401k Plan overview

Plan NameMAGIC AND MORE INC. RETIREMENT PLAN
Plan identification number 001

MAGIC AND MORE INC. RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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 AND MORE INC. has sponsored the creation of one or more 401k plans.

Company Name:MAGIC AND MORE INC.
Employer identification number (EIN):843586314
NAIC Classification:451120
NAIC Description:Hobby, Toy, and Game Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAGIC AND MORE INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01
0012020-01-01
0012019-11-08

Plan Statistics for MAGIC AND MORE INC. RETIREMENT PLAN

401k plan membership statisitcs for MAGIC AND MORE INC. RETIREMENT PLAN

Measure Date Value
2021: MAGIC AND MORE INC. RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-011
Total number of active participants reported on line 7a of the Form 55002021-01-011
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-011
Number of participants with account balances2021-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: MAGIC AND MORE INC. RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-011
Total number of active participants reported on line 7a of the Form 55002020-01-011
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-011
Number of participants with account balances2020-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: MAGIC AND MORE INC. RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-11-082
Total number of active participants reported on line 7a of the Form 55002019-11-082
Number of retired or separated participants receiving benefits2019-11-080
Number of other retired or separated participants entitled to future benefits2019-11-080
Total of all active and inactive participants2019-11-082
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-11-080
Total participants2019-11-082
Number of participants with account balances2019-11-081
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-11-080

Financial Data on MAGIC AND MORE INC. RETIREMENT PLAN

Measure Date Value
2021 : MAGIC AND MORE INC. RETIREMENT PLAN 2021 401k financial data
Total income from all sources2021-12-31$-582
Expenses. Total of all expenses incurred2021-12-31$0
Total plan assets at beginning of year2021-12-31$582
Value of fidelity bond covering the plan2021-12-31$40,000
Other income received2021-12-31$-582
Net income (gross income less expenses)2021-12-31$-582
Net plan assets at end of year (total assets less liabilities)2021-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$582
Assets. Value of employer securities2021-12-31$0
2020 : MAGIC AND MORE INC. RETIREMENT PLAN 2020 401k financial data
Total income from all sources2020-12-31$-41,278
Expenses. Total of all expenses incurred2020-12-31$3
Total plan assets at end of year2020-12-31$582
Total plan assets at beginning of year2020-12-31$41,863
Value of fidelity bond covering the plan2020-12-31$40,000
Expenses. Other expenses not covered elsewhere2020-12-31$3
Other income received2020-12-31$-41,278
Net income (gross income less expenses)2020-12-31$-41,281
Net plan assets at end of year (total assets less liabilities)2020-12-31$582
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$41,863
Assets. Value of employer securities2020-12-31$582
2019 : MAGIC AND MORE INC. RETIREMENT PLAN 2019 401k financial data
Total income from all sources2019-12-31$41,878
Expenses. Total of all expenses incurred2019-12-31$15
Total plan assets at end of year2019-12-31$41,863
Contributions received from other sources (not participants or employers)2019-12-31$41,875
Other income received2019-12-31$3
Net income (gross income less expenses)2019-12-31$41,863
Net plan assets at end of year (total assets less liabilities)2019-12-31$41,863
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$0
Assets. Value of employer securities2019-12-31$41,863
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$15

Form 5500 Responses for MAGIC AND MORE INC. RETIREMENT PLAN

2021: MAGIC AND MORE INC. RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MAGIC AND MORE INC. RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MAGIC AND MORE INC. RETIREMENT PLAN 2019 form 5500 responses
2019-11-08Type of plan entitySingle employer plan
2019-11-08First time form 5500 has been submittedYes
2019-11-08Submission has been amendedNo
2019-11-08This submission is the final filingNo
2019-11-08This return/report is a short plan year return/report (less than 12 months)Yes
2019-11-08Plan is a collectively bargained planNo
2019-11-08Plan funding arrangement – TrustYes
2019-11-08Plan benefit arrangement - TrustYes

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