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WARREN UNION EMPLOYEES 401(K) PLAN 401k Plan overview

Plan NameWARREN UNION EMPLOYEES 401(K) PLAN
Plan identification number 002

WARREN UNION EMPLOYEES 401(K) 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MEGALODON MIDCO, LLC has sponsored the creation of one or more 401k plans.

Company Name:MEGALODON MIDCO, LLC
Employer identification number (EIN):873643212
NAIC Classification:332110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WARREN UNION EMPLOYEES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022023-01-01PEGGY WILLIS

Plan Statistics for WARREN UNION EMPLOYEES 401(K) PLAN

401k plan membership statisitcs for WARREN UNION EMPLOYEES 401(K) PLAN

Measure Date Value
2025: WARREN UNION EMPLOYEES 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-04-0475
Total number of particpants at end of year2025-04-040
Number of Participants With Account Balances2025-04-040
2023: WARREN UNION EMPLOYEES 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01110
Total number of active participants reported on line 7a of the Form 55002023-01-0160
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0112
Total of all active and inactive participants2023-01-0172
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-011
Total participants2023-01-0173
Number of participants with account balances2023-01-0171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010

Financial Data on WARREN UNION EMPLOYEES 401(K) PLAN

Measure Date Value
2025 : WARREN UNION EMPLOYEES 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-04-040
Total liabilities as of the end of the plan year2025-04-040
Total liabilities as of the beginning of the plan year2025-04-040
Total expenses incurred by plan in this plan year2025-04-041432137
Net assets as of the end of the plan year2025-04-040
Total assets as of the beginning of the plan year2025-04-041377323
Value of plan covered by a fidelity bond2025-04-045000000
Participant contributions to plan in this plan year2025-04-0414939
Value of participant loans at end of plan year2025-04-040
Other expenses paid from plan in this plan year2025-04-040
Other contributions to plan in this plan year2025-04-040
Other income to plan in this plan year2025-04-0431285
Plan net income in this plan year2025-04-04-1377323
Net assets as of the end of the plan year2025-04-040
Net assets as of the beginning of the plan year2025-04-041377323
Employer contributions to plan in this plan year2025-04-048590
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-044636
2023 : WARREN UNION EMPLOYEES 401(K) PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$-34,533
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$528,369
Expenses. Total of all expenses incurred2023-12-31$243,129
Benefits paid (including direct rollovers)2023-12-31$236,830
Total plan assets at end of year2023-12-31$1,377,323
Total plan assets at beginning of year2023-12-31$1,126,616
Value of fidelity bond covering the plan2023-12-31$5,000,000
Total contributions received or receivable from participants2023-12-31$230,647
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$159,306
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$285,240
Net plan assets at end of year (total assets less liabilities)2023-12-31$1,377,323
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$1,126,616
Assets. Value of participant loans2023-12-31$40,235
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2023-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2023-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$138,416
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$6,299

Form 5500 Responses for WARREN UNION EMPLOYEES 401(K) PLAN

2023: WARREN UNION EMPLOYEES 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planYes
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number539082
Policy instance 1
Insurance contract or identification number539082
Number of Individuals Covered73
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $1
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

Potentially related plans

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