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MIDA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameMIDA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

MIDA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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

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

Company Name:MIDA INDUSTRIES, INC.
Employer identification number (EIN):954245430
NAIC Classification:561720
NAIC Description:Janitorial Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIDA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01MICHAEL DRAKE2023-10-05
0012021-01-01MICHAEL DRAKE2022-12-20
0012020-01-01MICHAEL DRAKE2022-12-20
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01MICHAEL DRAKE
0012014-01-01MICHAEL DRAKE2016-01-07
0012014-01-01MICHAEL DRAKE2015-10-14
0012013-01-01MICHAEL DRAKE2015-10-14
0012012-01-01MICHAEL DRAKE2013-10-11
0012011-01-01DAWIT KIDANE2012-10-12
0012010-01-01MICHAEL DRAKE2011-10-07

Plan Statistics for MIDA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for MIDA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2015: MIDA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01111
Total number of active participants reported on line 7a of the Form 55002015-01-0187
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0149
Total of all active and inactive participants2015-01-01136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01136
Number of participants with account balances2015-01-01136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0111

Financial Data on MIDA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2015 : MIDA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$71,913
Expenses. Total of all expenses incurred2015-12-31$9,219
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$1,039,853
Total plan assets at beginning of year2015-12-31$977,159
Value of fidelity bond covering the plan2015-12-31$120,000
Total contributions received or receivable from participants2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-25,790
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$62,694
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,039,853
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$977,159
Total contributions received or receivable from employer(s)2015-12-31$97,703
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$9,219
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0

Form 5500 Responses for MIDA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN

2015: MIDA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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