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MIND YOUR BUSINESS, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameMIND YOUR BUSINESS, INC. PROFIT SHARING PLAN
Plan identification number 001

MIND YOUR BUSINESS, INC. PROFIT SHARING 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.
  • 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.
  • 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

MIND YOUR BUSINESS, INC. has sponsored the creation of one or more 401k plans.

Company Name:MIND YOUR BUSINESS, INC.
Employer identification number (EIN):274156503
NAIC Classification:561490

Additional information about MIND YOUR BUSINESS, INC.

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 2010-11-23
Company Identification Number: 0730356
Legal Registered Office Address: 2596 TUCKERS LN

LINDEN
United States of America (USA)
22642

More information about MIND YOUR BUSINESS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIND YOUR BUSINESS, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01NORRIS GOFF NORRIS GOFF2013-03-22
0012011-01-01NORRIS S. GOFF

Plan Statistics for MIND YOUR BUSINESS, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for MIND YOUR BUSINESS, INC. PROFIT SHARING PLAN

Measure Date Value
2012: MIND YOUR BUSINESS, INC. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-011
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: MIND YOUR BUSINESS, INC. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011
Total number of active participants reported on line 7a of the Form 55002011-01-011
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-011
Number of participants with account balances2011-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on MIND YOUR BUSINESS, INC. PROFIT SHARING PLAN

Measure Date Value
2012 : MIND YOUR BUSINESS, INC. PROFIT SHARING PLAN 2012 401k financial data
Total plan liabilities at end of year2012-09-04$0
Total income from all sources2012-09-04$1,505
Expenses. Total of all expenses incurred2012-09-04$79,133
Benefits paid (including direct rollovers)2012-09-04$12,593
Total plan assets at end of year2012-09-04$0
Total plan assets at beginning of year2012-09-04$77,628
Value of fidelity bond covering the plan2012-09-04$10,000
Total contributions received or receivable from participants2012-09-04$1,500
Expenses. Other expenses not covered elsewhere2012-09-04$66,465
Other income received2012-09-04$5
Net income (gross income less expenses)2012-09-04$-77,628
Net plan assets at end of year (total assets less liabilities)2012-09-04$0
Net plan assets at beginning of year (total assets less liabilities)2012-09-04$77,628
Assets. Value of employer securities2012-09-04$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-09-04$75
2011 : MIND YOUR BUSINESS, INC. PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$77,678
Expenses. Total of all expenses incurred2011-12-31$50
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$77,628
Value of fidelity bond covering the plan2011-12-31$10,000
Total contributions received or receivable from participants2011-12-31$2,500
Contributions received from other sources (not participants or employers)2011-12-31$75,149
Other income received2011-12-31$29
Net income (gross income less expenses)2011-12-31$77,628
Net plan assets at end of year (total assets less liabilities)2011-12-31$77,628
Assets. Value of employer securities2011-12-31$70,000
Total contributions received or receivable from employer(s)2011-12-31$0
Value of certain deemed distributions of participant loans2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$50

Form 5500 Responses for MIND YOUR BUSINESS, INC. PROFIT SHARING PLAN

2012: MIND YOUR BUSINESS, INC. PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MIND YOUR BUSINESS, INC. PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01First time form 5500 has been submittedYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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