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MAGIC BROADCASTING, LLC 401K PLAN 401k Plan overview

Plan NameMAGIC BROADCASTING, LLC 401K PLAN
Plan identification number 001

MAGIC BROADCASTING, LLC 401K PLAN Benefits

401k Plan TypeDefined 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.

401k Sponsoring company profile

MAGIC BROADCASTING, LLC has sponsored the creation of one or more 401k plans.

Company Name:MAGIC BROADCASTING, LLC
Employer identification number (EIN):202061035
NAIC Classification:515100

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

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 SignedName of Company SponsorDate Sponsor Signed
0012013-01-01
0012012-01-01LISA ALLEN2013-06-13 LISA ALLEN2013-06-13
0012011-01-01LISA ALLEN2012-07-16 LISA ALLEN2012-07-16
0012009-01-01LISA ALLEN LISA ALLEN2010-07-15

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-year2009-01-01105
Total number of active participants reported on line 7a of the Form 55002009-01-0143
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0146
Total of all active and inactive participants2009-01-0189
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0189
Number of participants with account balances2009-01-0170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

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 sources2010-12-31$136,808
Expenses. Total of all expenses incurred2010-12-31$188,474
Benefits paid (including direct rollovers)2010-12-31$188,474
Total plan assets at end of year2010-12-31$463,553
Total plan assets at beginning of year2010-12-31$515,219
Value of fidelity bond covering the plan2010-12-31$46,355
Total contributions received or receivable from participants2010-12-31$48,742
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$61,141
Net income (gross income less expenses)2010-12-31$-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
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract number800961
Policy instance 1
Insurance contract or identification number800961
Number of Individuals Covered59
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $1,965
Total amount of fees paid to insurance companyUSD $0
Commission paid to Insurance BrokerUSD $1,965
Insurance broker nameSUNSET FINANCIAL SERVICES, INC

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