MAGIC BROADCASTING, LLC 401K PLAN 401k Plan overview
| Plan Name | MAGIC BROADCASTING, LLC 401K PLAN |
| Plan identification number | 001 |
MAGIC BROADCASTING, LLC 401K PLAN Benefits
| 401k Plan Type | Defined Contribution Pension |
| Plan Features/Benefits | - 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.
- 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.
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401k Sponsoring company profile
MAGIC BROADCASTING, LLC has sponsored the creation of one or more 401k plans.
Additional information about MAGIC BROADCASTING, LLC
| Jurisdiction of Incorporation: | Florida Department of State Division of Corporations |
| Incorporation Date: | 2002-05-15 |
| Company Identification Number: | L02000011824 |
| Legal Registered Office Address: |
2605 THOMAS DRIVE STE 150
PANAMA CITY BEACH
32408
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More information about MAGIC BROADCASTING, LLC
Form 5500 Filing Information
Submission information for form 5500 for 401k plan MAGIC BROADCASTING, LLC 401K PLAN
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|
| 001 | 2013-01-01 | | | | |
| 001 | 2012-01-01 | LISA ALLEN | 2013-06-13 | LISA ALLEN | 2013-06-13 |
| 001 | 2011-01-01 | LISA ALLEN | 2012-07-16 | LISA ALLEN | 2012-07-16 |
| 001 | 2009-01-01 | LISA ALLEN | | LISA ALLEN | 2010-07-15 |
Plan Statistics for MAGIC BROADCASTING, LLC 401K PLAN
401k plan membership statisitcs for MAGIC BROADCASTING, LLC 401K PLAN
| Measure | Date | Value |
|---|
| 2009: MAGIC BROADCASTING, LLC 401K PLAN 2009 401k membership |
|---|
| Total participants, beginning-of-year | 2009-01-01 | 105 |
| Total number of active participants reported on line 7a of the Form 5500 | 2009-01-01 | 43 |
| Number of retired or separated participants receiving benefits | 2009-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2009-01-01 | 46 |
| Total of all active and inactive participants | 2009-01-01 | 89 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-01-01 | 0 |
| Total participants | 2009-01-01 | 89 |
| Number of participants with account balances | 2009-01-01 | 70 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-01-01 | 0 |
Financial Data on MAGIC BROADCASTING, LLC 401K PLAN
| Measure | Date | Value |
|---|
| 2010 : MAGIC BROADCASTING, LLC 401K PLAN 2010 401k financial data |
|---|
| Total income from all sources | 2010-12-31 | $136,808 |
| Expenses. Total of all expenses incurred | 2010-12-31 | $188,474 |
| Benefits paid (including direct rollovers) | 2010-12-31 | $188,474 |
| Total plan assets at end of year | 2010-12-31 | $463,553 |
| Total plan assets at beginning of year | 2010-12-31 | $515,219 |
| Value of fidelity bond covering the plan | 2010-12-31 | $46,355 |
| Total contributions received or receivable from participants | 2010-12-31 | $48,742 |
| Contributions received from other sources (not participants or employers) | 2010-12-31 | $0 |
| Other income received | 2010-12-31 | $61,141 |
| Net income (gross income less expenses) | 2010-12-31 | $-51,666 |
| Net plan assets at end of year (total assets less liabilities) | 2010-12-31 | $463,553 |
| Net plan assets at beginning of year (total assets less liabilities) | 2010-12-31 | $515,219 |
| Total contributions received or receivable from employer(s) | 2010-12-31 | $26,925 |
Form 5500 Responses for MAGIC BROADCASTING, LLC 401K PLAN
| 2009: MAGIC BROADCASTING, LLC 401K PLAN 2009 form 5500 responses |
|---|
| 2009-01-01 | Type of plan entity | Single employer plan |
| 2009-01-01 | Submission has been amended | No |
| 2009-01-01 | This submission is the final filing | No |
| 2009-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2009-01-01 | Plan is a collectively bargained plan | No |
| 2009-01-01 | Plan funding arrangement – Insurance | Yes |
| 2009-01-01 | Plan funding arrangement – Trust | Yes |
| 2009-01-01 | Plan benefit arrangement - Trust | Yes |
Insurance Providers Used on plan
| HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 ) |
| Policy contract number | 800961 |
| Policy instance | 1 |
| Insurance contract or identification number | 800961 | | Number of Individuals Covered | 59 | | Insurance policy start date | 2010-01-01 | | Insurance policy end date | 2010-12-31 | | Total amount of commissions paid to insurance broker | USD $1,965 | | Total amount of fees paid to insurance company | USD $0 | | Commission paid to Insurance Broker | USD $1,965 | | Insurance broker name | SUNSET FINANCIAL SERVICES, INC |
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