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M CROWD RESTAURANT 401(K) PLAN 401k Plan overview

Plan NameM CROWD RESTAURANT 401(K) PLAN
Plan identification number 001

M CROWD RESTAURANT 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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

M CROWD RESTAURANT GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:M CROWD RESTAURANT GROUP, INC.
Employer identification number (EIN):752756254
NAIC Classification:722511
NAIC Description:Full-Service Restaurants

Additional information about M CROWD RESTAURANT GROUP, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1998-04-09
Company Identification Number: 0148532400
Legal Registered Office Address: 2455 MCIVER LN

CARROLLTON
United States of America (USA)
75006

More information about M CROWD RESTAURANT GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan M CROWD RESTAURANT 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JOHN DRUMMOND2024-05-22
0012022-01-01DINA REED2023-07-27 JOHN DRUMMOND2023-07-27
0012021-01-01DINA REED2022-10-03 DINA REED2022-10-03
0012020-01-01JOHN DRUMMOND2021-09-29 JOHN DRUMMOND2021-09-29
0012019-10-01JOHN DRUMMOND2020-10-14 JOHN DRUMMOND2020-10-14

Plan Statistics for M CROWD RESTAURANT 401(K) PLAN

401k plan membership statisitcs for M CROWD RESTAURANT 401(K) PLAN

Measure Date Value
2022: M CROWD RESTAURANT 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01141
Total number of active participants reported on line 7a of the Form 55002022-01-01120
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-018
Total of all active and inactive participants2022-01-01128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01128
Number of participants with account balances2022-01-0145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-016
2021: M CROWD RESTAURANT 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01138
Total number of active participants reported on line 7a of the Form 55002021-01-01129
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-019
Total of all active and inactive participants2021-01-01139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01139
Number of participants with account balances2021-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-013
2020: M CROWD RESTAURANT 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01149
Total number of active participants reported on line 7a of the Form 55002020-01-01129
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-019
Total of all active and inactive participants2020-01-01139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01139
Number of participants with account balances2020-01-0148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-019
2019: M CROWD RESTAURANT 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-10-01167
Total number of active participants reported on line 7a of the Form 55002019-10-01158
Number of retired or separated participants receiving benefits2019-10-010
Number of other retired or separated participants entitled to future benefits2019-10-013
Total of all active and inactive participants2019-10-01161
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-10-010
Total participants2019-10-01161
Number of participants with account balances2019-10-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-10-011

Financial Data on M CROWD RESTAURANT 401(K) PLAN

Measure Date Value
2022 : M CROWD RESTAURANT 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$130,168
Total of all expenses incurred2022-12-31$38,591
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$36,876
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$227,394
Value of total assets at end of year2022-12-31$645,693
Value of total assets at beginning of year2022-12-31$554,116
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$1,715
Total interest from all sources2022-12-31$709
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$10,000
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$176,703
Participant contributions at end of year2022-12-31$13,084
Participant contributions at beginning of year2022-12-31$10,000
Participant contributions at end of year2022-12-31$6,330
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$91,577
Value of net assets at end of year (total assets less liabilities)2022-12-31$645,693
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$554,116
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 registered invesment companies (eg mutual funds) at end of year2022-12-31$52,434
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$47,295
Interest on participant loans2022-12-31$709
Value of interest in common/collective trusts at end of year2022-12-31$558,337
Value of interest in common/collective trusts at beginning of year2022-12-31$486,978
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$9,843
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$9,843
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$15,076
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$0
Net investment gain/loss from pooled separate accounts2022-12-31$-8,780
Net investment gain or loss from common/collective trusts2022-12-31$-89,155
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$50,691
Employer contributions (assets) at end of year2022-12-31$432
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$36,876
Contract administrator fees2022-12-31$1,715
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 name2022-12-31FORVIS, LLP
Accountancy firm EIN2022-12-31440160260
2021 : M CROWD RESTAURANT 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$263,082
Total of all expenses incurred2021-12-31$18,049
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$17,239
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$211,835
Value of total assets at end of year2021-12-31$554,116
Value of total assets at beginning of year2021-12-31$309,083
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$810
Total interest from all sources2021-12-31$105
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$10,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$160,103
Participant contributions at end of year2021-12-31$10,000
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$245,033
Value of net assets at end of year (total assets less liabilities)2021-12-31$554,116
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$309,083
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 registered invesment companies (eg mutual funds) at end of year2021-12-31$47,295
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$30,686
Value of interest in common/collective trusts at end of year2021-12-31$486,978
Value of interest in common/collective trusts at beginning of year2021-12-31$271,835
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$9,843
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$6,562
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$6,562
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$105
Net investment gain/loss from pooled separate accounts2021-12-31$51,142
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$51,732
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$17,239
Contract administrator fees2021-12-31$810
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 name2021-12-31FORVIS, LLP
Accountancy firm EIN2021-12-31440160260
2020 : M CROWD RESTAURANT 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$244,118
Total of all expenses incurred2020-12-31$14,497
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$14,074
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$206,378
Value of total assets at end of year2020-12-31$309,083
Value of total assets at beginning of year2020-12-31$79,462
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$423
Total interest from all sources2020-12-31$83
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$75
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$75
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$153,408
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$229,621
Value of net assets at end of year (total assets less liabilities)2020-12-31$309,083
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$79,462
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$30,686
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$11,383
Interest on participant loans2020-12-31$25
Value of interest in common/collective trusts at end of year2020-12-31$271,835
Value of interest in common/collective trusts at beginning of year2020-12-31$68,069
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$6,562
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$10
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$10
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$58
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$4,177
Net investment gain or loss from common/collective trusts2020-12-31$33,405
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$52,970
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$14,074
Contract administrator fees2020-12-31$423
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31BKD, LLP
Accountancy firm EIN2020-12-31440160260
2019 : M CROWD RESTAURANT 401(K) PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$79,462
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$77,311
Value of total assets at end of year2019-12-31$79,462
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$10,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$53,480
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$79,462
Value of net assets at end of year (total assets less liabilities)2019-12-31$79,462
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$11,383
Value of interest in common/collective trusts at end of year2019-12-31$68,069
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$10
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$341
Net investment gain or loss from common/collective trusts2019-12-31$1,810
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$23,831
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No

Form 5500 Responses for M CROWD RESTAURANT 401(K) PLAN

2022: M CROWD RESTAURANT 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: M CROWD RESTAURANT 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: M CROWD RESTAURANT 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: M CROWD RESTAURANT 401(K) PLAN 2019 form 5500 responses
2019-10-01Type of plan entitySingle employer plan
2019-10-01First time form 5500 has been submittedYes
2019-10-01This return/report is a short plan year return/report (less than 12 months)Yes
2019-10-01Plan funding arrangement – InsuranceYes
2019-10-01Plan funding arrangement – TrustYes
2019-10-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number761278-01
Policy instance 2
Insurance contract or identification number761278-01
Number of Individuals Covered45
Total amount of commissions paid to insurance brokerUSD $2,029
Commission paid to Insurance BrokerUSD $2,003
Insurance broker organization code?3
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-844388
Policy instance 1
Insurance contract or identification numberGA-844388
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $1,477
Commission paid to Insurance BrokerUSD $1,477
Insurance broker organization code?6
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-844388
Policy instance 1
Insurance contract or identification numberGA-844388
Number of Individuals Covered50
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $1,972
Total amount of fees paid to insurance companyUSD $144
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $1,567
Insurance broker organization code?6
Amount paid for insurance broker fees144
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-844388
Policy instance 1
Insurance contract or identification numberGA-844388
Number of Individuals Covered50
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $677
Total amount of fees paid to insurance companyUSD $68
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $677
Insurance broker organization code?3
Amount paid for insurance broker fees68
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-844388
Policy instance 1
Insurance contract or identification numberGA-844388
Number of Individuals Covered50
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes

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