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MSC INC. RETIREMENT PLAN 401k Plan overview

Plan NameMSC INC. RETIREMENT PLAN
Plan identification number 001

MSC INC. RETIREMENT 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

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

Company Name:MSC INC.
Employer identification number (EIN):371902280
NAIC Classification:812190

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MSC INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01
0012018-06-19

Plan Statistics for MSC INC. RETIREMENT PLAN

401k plan membership statisitcs for MSC INC. RETIREMENT PLAN

Measure Date Value
2019: MSC INC. RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-012
Total number of active participants reported on line 7a of the Form 55002019-01-010
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-010
Number of participants with account balances2019-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: MSC INC. RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-06-192
Total number of active participants reported on line 7a of the Form 55002018-06-192
Total of all active and inactive participants2018-06-192
Total participants2018-06-192
Number of participants with account balances2018-06-191

Financial Data on MSC INC. RETIREMENT PLAN

Measure Date Value
2019 : MSC INC. RETIREMENT PLAN 2019 401k financial data
Total income from all sources2019-12-31$-117,280
Expenses. Total of all expenses incurred2019-12-31$42,720
Benefits paid (including direct rollovers)2019-12-31$42,720
Total plan assets at end of year2019-12-31$0
Total plan assets at beginning of year2019-12-31$160,000
Other income received2019-12-31$-117,280
Net income (gross income less expenses)2019-12-31$-160,000
Net plan assets at end of year (total assets less liabilities)2019-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$160,000
Assets. Value of employer securities2019-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : MSC INC. RETIREMENT PLAN 2018 401k financial data
Total income from all sources2018-12-31$160,015
Expenses. Total of all expenses incurred2018-12-31$15
Total plan assets at end of year2018-12-31$160,000
Total plan assets at beginning of year2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$15
Contributions received from other sources (not participants or employers)2018-12-31$200,015
Other income received2018-12-31$-40,000
Net income (gross income less expenses)2018-12-31$160,000
Net plan assets at end of year (total assets less liabilities)2018-12-31$160,000
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$0
Assets. Value of employer securities2018-12-31$160,000

Form 5500 Responses for MSC INC. RETIREMENT PLAN

2019: MSC INC. RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingYes
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MSC INC. RETIREMENT PLAN 2018 form 5500 responses
2018-06-19Type of plan entitySingle employer plan
2018-06-19First time form 5500 has been submittedYes
2018-06-19This return/report is a short plan year return/report (less than 12 months)Yes
2018-06-19Plan funding arrangement – TrustYes
2018-06-19Plan benefit arrangement - TrustYes

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