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DITCH WITCH MIDWEST SALARY SAVINGS PLAN 401k Plan overview

Plan NameDITCH WITCH MIDWEST SALARY SAVINGS PLAN
Plan identification number 001

DITCH WITCH MIDWEST SALARY SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

DITCH WITCH OF ILLINOIS DBA DITCH WITCH MIDWEST has sponsored the creation of one or more 401k plans.

Company Name:DITCH WITCH OF ILLINOIS DBA DITCH WITCH MIDWEST
Employer identification number (EIN):362691121
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DITCH WITCH MIDWEST SALARY SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01TOM STEERS2024-09-26 MARK HARBAUGH2024-09-29
0012022-01-01
0012021-01-01
0012020-01-01TOM STEERS2021-06-24
0012019-01-01TOM STEERS2020-07-24
0012018-01-01TOM STEERS2019-07-12
0012017-01-01EARL K HARBAUGH2018-07-12
0012016-01-01EARL K HARBAUGH2017-06-12
0012015-01-01EARL K HARBAUGH2016-07-14
0012014-01-01EARL K HARBAUGH2015-06-10
0012013-01-01EARL HARBAUGH2014-07-16
0012012-01-01EARL HARBAUGH2013-07-22 EARL HARBAUGH2013-07-22
0012011-01-01EARL HARBAUGH2012-07-16
0012010-01-01EARL HARBAUGH2011-06-21 EARL HARBAUGH2011-06-21

Plan Statistics for DITCH WITCH MIDWEST SALARY SAVINGS PLAN

401k plan membership statisitcs for DITCH WITCH MIDWEST SALARY SAVINGS PLAN

Measure Date Value
2023: DITCH WITCH MIDWEST SALARY SAVINGS PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01133
Total number of active participants reported on line 7a of the Form 55002023-01-0169
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0147
Total of all active and inactive participants2023-01-01116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01116
Number of participants with account balances2023-01-01114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-019
2022: DITCH WITCH MIDWEST SALARY SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01124
Total number of active participants reported on line 7a of the Form 55002022-01-0163
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0153
Total of all active and inactive participants2022-01-01116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-012
Total participants2022-01-01118
Number of participants with account balances2022-01-01109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0111
2021: DITCH WITCH MIDWEST SALARY SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01125
Total number of active participants reported on line 7a of the Form 55002021-01-0182
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0134
Total of all active and inactive participants2021-01-01116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-012
Total participants2021-01-01118
Number of participants with account balances2021-01-01112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-017

Financial Data on DITCH WITCH MIDWEST SALARY SAVINGS PLAN

Measure Date Value
2023 : DITCH WITCH MIDWEST SALARY SAVINGS PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$3,077,538
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$1,153,033
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$1,150,329
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$937,945
Value of total assets at end of year2023-12-31$15,576,583
Value of total assets at beginning of year2023-12-31$13,652,078
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$2,704
Total interest from all sources2023-12-31$72,945
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$501,344
Participant contributions at end of year2023-12-31$74,647
Participant contributions at beginning of year2023-12-31$83,957
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$1,924,505
Value of net assets at end of year (total assets less liabilities)2023-12-31$15,576,583
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$13,652,078
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in pooled separate accounts at end of year2023-12-31$13,103,203
Value of interest in pooled separate accounts at beginning of year2023-12-31$11,032,089
Interest on participant loans2023-12-31$3,963
Interest earned on other investments2023-12-31$68,982
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$2,398,733
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$2,536,032
Net investment gain/loss from pooled separate accounts2023-12-31$2,066,648
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$436,601
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$1,150,329
Contract administrator fees2023-12-31$2,704
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31CRAY, KAISER LTD.
Accountancy firm EIN2023-12-31362746886
2022 : DITCH WITCH MIDWEST SALARY SAVINGS PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-1,176,426
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$509,204
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$503,809
Value of total corrective distributions2022-12-31$2,711
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$922,784
Value of total assets at end of year2022-12-31$13,652,078
Value of total assets at beginning of year2022-12-31$15,337,708
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$2,684
Total interest from all sources2022-12-31$77,220
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$541,146
Participant contributions at end of year2022-12-31$83,957
Participant contributions at beginning of year2022-12-31$98,565
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,685,630
Value of net assets at end of year (total assets less liabilities)2022-12-31$13,652,078
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$15,337,708
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$11,032,089
Value of interest in pooled separate accounts at beginning of year2022-12-31$12,660,516
Interest on participant loans2022-12-31$4,009
Interest earned on other investments2022-12-31$73,211
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$2,536,032
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$2,578,627
Net investment gain/loss from pooled separate accounts2022-12-31$-2,176,430
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$381,638
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$503,809
Contract administrator fees2022-12-31$2,684
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CRAY, KAISER LTD.
Accountancy firm EIN2022-12-31362746886
2021 : DITCH WITCH MIDWEST SALARY SAVINGS PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$2,705,783
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$321,582
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$314,111
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$876,926
Value of total assets at end of year2021-12-31$15,337,708
Value of total assets at beginning of year2021-12-31$12,953,507
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$7,471
Total interest from all sources2021-12-31$77,882
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$511,085
Participant contributions at end of year2021-12-31$98,565
Participant contributions at beginning of year2021-12-31$50,773
Other income not declared elsewhere2021-12-31$6,025
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$2,384,201
Value of net assets at end of year (total assets less liabilities)2021-12-31$15,337,708
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$12,953,507
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in pooled separate accounts at end of year2021-12-31$12,660,516
Value of interest in pooled separate accounts at beginning of year2021-12-31$10,615,448
Interest on participant loans2021-12-31$3,575
Interest earned on other investments2021-12-31$74,307
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$2,578,627
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$2,287,286
Net investment gain/loss from pooled separate accounts2021-12-31$1,744,950
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$365,841
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$314,111
Contract administrator fees2021-12-31$7,471
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31CRAY, KAISER LTD.
Accountancy firm EIN2021-12-31362746886

Form 5500 Responses for DITCH WITCH MIDWEST SALARY SAVINGS PLAN

2023: DITCH WITCH MIDWEST SALARY SAVINGS PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
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 planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: DITCH WITCH MIDWEST SALARY SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: DITCH WITCH MIDWEST SALARY SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )
Policy contract number018251
Policy instance 1
Insurance contract or identification number018251
Number of Individuals Covered116
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )
Policy contract number018251
Policy instance 1
Insurance contract or identification number018251
Number of Individuals Covered118
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )
Policy contract number018251
Policy instance 1
Insurance contract or identification number018251
Number of Individuals Covered118
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No

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