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MAG, INC 401(K) PLAN 401k Plan overview

Plan NameMAG, INC 401(K) PLAN
Plan identification number 001

MAG, INC 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.
  • 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.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

MAG, INC. has sponsored the creation of one or more 401k plans.

Company Name:MAG, INC.
Employer identification number (EIN):943370080
NAIC Classification:336990

Additional information about MAG, INC.

Jurisdiction of Incorporation: Oregon Secretary of State Corporations Division
Incorporation Date: 2015-05-12
Company Identification Number: 111232799

More information about MAG, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAG, INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01JONATHAN BLACK
0012015-01-01BIANCA TORRES2016-10-17
0012014-01-01CHRISTIANA SONNENBERG2015-07-21 CHRISTIANA SONNENBERG2015-07-21
0012013-01-01C. SONNENBERG2014-05-23 MICHAEL MOORE2014-05-23
0012012-01-01SCOTT CHRISTMAN2013-07-10
0012011-01-01CHRISTIANA SONNENBERG2012-07-06 SCOTT CHRISTMAN2012-07-06
0012010-01-01CHRISTIANA SONNENBERG2012-01-04 SCOTT CHRISTMAN2012-01-04

Plan Statistics for MAG, INC 401(K) PLAN

401k plan membership statisitcs for MAG, INC 401(K) PLAN

Measure Date Value
2016: MAG, INC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01113
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

Financial Data on MAG, INC 401(K) PLAN

Measure Date Value
2016 : MAG, INC 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-01-04$-30,311
Total plan liabilities at end of year2016-01-04$0
Total plan liabilities at beginning of year2016-01-04$0
Total income from all sources2016-01-04$0
Expenses. Total of all expenses incurred2016-01-04$0
Benefits paid (including direct rollovers)2016-01-04$0
Total plan assets at end of year2016-01-04$0
Total plan assets at beginning of year2016-01-04$30,311
Value of fidelity bond covering the plan2016-01-04$10,000,000
Total contributions received or receivable from participants2016-01-04$0
Expenses. Other expenses not covered elsewhere2016-01-04$0
Contributions received from other sources (not participants or employers)2016-01-04$0
Other income received2016-01-04$0
Noncash contributions received2016-01-04$0
Net income (gross income less expenses)2016-01-04$0
Net plan assets at end of year (total assets less liabilities)2016-01-04$0
Net plan assets at beginning of year (total assets less liabilities)2016-01-04$30,311
Total contributions received or receivable from employer(s)2016-01-04$0
Value of certain deemed distributions of participant loans2016-01-04$0
Value of corrective distributions2016-01-04$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-01-04$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-01-04$0

Form 5500 Responses for MAG, INC 401(K) PLAN

2016: MAG, INC 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedYes
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

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