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MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 401k Plan overview

Plan NameMUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN
Plan identification number 001

MUSIC EMPORIUM EMPLOYEE PROFIT SHARING 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.
  • 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

THE MUSIC EMPORIUM, INC. has sponsored the creation of one or more 401k plans.

Company Name:THE MUSIC EMPORIUM, INC.
Employer identification number (EIN):251637956
NAIC Classification:451140
NAIC Description:Musical Instrument and Supplies Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-07-01
0012017-07-01
0012017-07-01
0012016-07-01MICHAEL CANNARSA MICHAEL CANNARSA2017-08-21
0012015-07-01MICHAEL CANNARSA MICHAEL CANNARSA2016-11-21
0012014-07-01MICHAEL CANNARSA MICHAEL CANNARSA2015-09-28
0012014-07-01MICHAEL CANNARSA MICHAEL CANNARSA2015-10-01
0012013-07-01MICHAEL CANNARSA MICHAEL CANNARSA2014-10-20
0012012-07-01MICHAEL CANNARSA MICHAEL CANNARSA2013-12-02
0012011-07-01MICHAEL CANNARSA MICHAEL CANNARSA2012-11-21
0012010-07-01MICHAEL CANNARSA MICHAEL CANNARSA2012-01-30
0012009-07-01MICHAEL CANNARSA

Plan Statistics for MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN

401k plan membership statisitcs for MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN

Measure Date Value
2016: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-07-019
Total number of active participants reported on line 7a of the Form 55002016-07-017
Number of retired or separated participants receiving benefits2016-07-010
Number of other retired or separated participants entitled to future benefits2016-07-011
Total of all active and inactive participants2016-07-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-07-010
Total participants2016-07-018
Number of participants with account balances2016-07-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-07-010
2015: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-07-018
Total number of active participants reported on line 7a of the Form 55002015-07-019
Number of retired or separated participants receiving benefits2015-07-010
Number of other retired or separated participants entitled to future benefits2015-07-010
Total of all active and inactive participants2015-07-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-07-010
Total participants2015-07-019
Number of participants with account balances2015-07-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-07-010
2014: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-07-017
Total number of active participants reported on line 7a of the Form 55002014-07-018
Number of retired or separated participants receiving benefits2014-07-010
Number of other retired or separated participants entitled to future benefits2014-07-010
Total of all active and inactive participants2014-07-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-07-010
Total participants2014-07-018
Number of participants with account balances2014-07-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-07-010
2013: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-07-016
Total number of active participants reported on line 7a of the Form 55002013-07-017
Total of all active and inactive participants2013-07-017
Total participants2013-07-017
Number of participants with account balances2013-07-017
2012: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-07-017
Total number of active participants reported on line 7a of the Form 55002012-07-016
Number of other retired or separated participants entitled to future benefits2012-07-011
Total of all active and inactive participants2012-07-017
Total participants2012-07-017
Number of participants with account balances2012-07-016
2011: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-07-015
Total number of active participants reported on line 7a of the Form 55002011-07-016
Number of other retired or separated participants entitled to future benefits2011-07-011
Total of all active and inactive participants2011-07-017
Total participants2011-07-017
Number of participants with account balances2011-07-017
2010: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-07-017
Total number of active participants reported on line 7a of the Form 55002010-07-015
Total of all active and inactive participants2010-07-015
Total participants2010-07-015
Number of participants with account balances2010-07-015
2009: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-07-019
Total number of active participants reported on line 7a of the Form 55002009-07-017
Number of other retired or separated participants entitled to future benefits2009-07-011
Total of all active and inactive participants2009-07-018
Total participants2009-07-018
Number of participants with account balances2009-07-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-07-011

Financial Data on MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN

Measure Date Value
2017 : MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-06-30$90,516
Expenses. Total of all expenses incurred2017-06-30$27,307
Benefits paid (including direct rollovers)2017-06-30$27,307
Total plan assets at end of year2017-06-30$416,791
Total plan assets at beginning of year2017-06-30$353,582
Total contributions received or receivable from participants2017-06-30$18,000
Other income received2017-06-30$60,763
Net income (gross income less expenses)2017-06-30$63,209
Net plan assets at end of year (total assets less liabilities)2017-06-30$416,791
Net plan assets at beginning of year (total assets less liabilities)2017-06-30$353,582
Total contributions received or receivable from employer(s)2017-06-30$11,753
2016 : MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-06-30$1,859
Total plan assets at end of year2016-06-30$353,582
Total plan assets at beginning of year2016-06-30$351,723
Total contributions received or receivable from participants2016-06-30$18,000
Other income received2016-06-30$-29,987
Net income (gross income less expenses)2016-06-30$1,859
Net plan assets at end of year (total assets less liabilities)2016-06-30$353,582
Net plan assets at beginning of year (total assets less liabilities)2016-06-30$351,723
Total contributions received or receivable from employer(s)2016-06-30$13,846
2015 : MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-06-30$35,834
Total plan assets at end of year2015-06-30$351,723
Total plan assets at beginning of year2015-06-30$315,889
Total contributions received or receivable from participants2015-06-30$18,000
Other income received2015-06-30$7,701
Net income (gross income less expenses)2015-06-30$35,834
Net plan assets at end of year (total assets less liabilities)2015-06-30$351,723
Net plan assets at beginning of year (total assets less liabilities)2015-06-30$315,889
Total contributions received or receivable from employer(s)2015-06-30$10,133
2014 : MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2014 401k financial data
Total plan liabilities at beginning of year2014-06-30$0
Total income from all sources2014-06-30$69,801
Total plan assets at end of year2014-06-30$315,889
Total plan assets at beginning of year2014-06-30$246,088
Total contributions received or receivable from participants2014-06-30$17,500
Other income received2014-06-30$40,234
Net income (gross income less expenses)2014-06-30$69,801
Net plan assets at end of year (total assets less liabilities)2014-06-30$315,889
Net plan assets at beginning of year (total assets less liabilities)2014-06-30$246,088
Total contributions received or receivable from employer(s)2014-06-30$12,067
2013 : MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2013 401k financial data
Total plan liabilities at beginning of year2013-06-30$0
Total income from all sources2013-06-30$39,667
Expenses. Total of all expenses incurred2013-06-30$10,680
Benefits paid (including direct rollovers)2013-06-30$10,680
Total plan assets at end of year2013-06-30$246,088
Total plan assets at beginning of year2013-06-30$217,101
Total contributions received or receivable from participants2013-06-30$17,500
Other income received2013-06-30$13,356
Net income (gross income less expenses)2013-06-30$28,987
Net plan assets at end of year (total assets less liabilities)2013-06-30$246,088
Net plan assets at beginning of year (total assets less liabilities)2013-06-30$217,101
Total contributions received or receivable from employer(s)2013-06-30$8,811
2012 : MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2012 401k financial data
Total plan liabilities at beginning of year2012-06-30$0
Total income from all sources2012-06-30$7,300
Total plan assets at end of year2012-06-30$217,101
Total plan assets at beginning of year2012-06-30$209,801
Total contributions received or receivable from participants2012-06-30$5,308
Other income received2012-06-30$-7,273
Net income (gross income less expenses)2012-06-30$7,300
Net plan assets at end of year (total assets less liabilities)2012-06-30$217,101
Net plan assets at beginning of year (total assets less liabilities)2012-06-30$209,801
Total contributions received or receivable from employer(s)2012-06-30$9,265
2011 : MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2011 401k financial data
Total plan liabilities at beginning of year2011-06-30$0
Total income from all sources2011-06-30$108,072
Expenses. Total of all expenses incurred2011-06-30$457,463
Benefits paid (including direct rollovers)2011-06-30$457,463
Total plan assets at end of year2011-06-30$209,801
Total plan assets at beginning of year2011-06-30$559,192
Total contributions received or receivable from participants2011-06-30$16,500
Other income received2011-06-30$83,894
Net income (gross income less expenses)2011-06-30$-349,391
Net plan assets at end of year (total assets less liabilities)2011-06-30$209,801
Net plan assets at beginning of year (total assets less liabilities)2011-06-30$559,192
Total contributions received or receivable from employer(s)2011-06-30$7,678

Form 5500 Responses for MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN

2016: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2016 form 5500 responses
2016-07-01Type of plan entitySingle employer plan
2016-07-01Plan funding arrangement – TrustYes
2016-07-01Plan benefit arrangement - TrustYes
2015: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2015 form 5500 responses
2015-07-01Type of plan entitySingle employer plan
2015-07-01Plan funding arrangement – TrustYes
2015-07-01Plan benefit arrangement - TrustYes
2014: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2014 form 5500 responses
2014-07-01Type of plan entitySingle employer plan
2014-07-01Submission has been amendedYes
2014-07-01Plan funding arrangement – TrustYes
2014-07-01Plan benefit arrangement - TrustYes
2013: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2013 form 5500 responses
2013-07-01Type of plan entitySingle employer plan
2013-07-01Plan funding arrangement – TrustYes
2013-07-01Plan benefit arrangement - TrustYes
2012: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2012 form 5500 responses
2012-07-01Type of plan entitySingle employer plan
2012-07-01Plan funding arrangement – TrustYes
2012-07-01Plan benefit arrangement - TrustYes
2011: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2011 form 5500 responses
2011-07-01Type of plan entitySingle employer plan
2011-07-01Plan funding arrangement – TrustYes
2011-07-01Plan benefit arrangement - TrustYes
2010: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2010 form 5500 responses
2010-07-01Type of plan entitySingle employer plan
2010-07-01Plan funding arrangement – TrustYes
2010-07-01Plan benefit arrangement - TrustYes
2009: MUSIC EMPORIUM EMPLOYEE PROFIT SHARING PLAN 2009 form 5500 responses
2009-07-01Type of plan entitySingle employer plan
2009-07-01Plan funding arrangement – TrustYes
2009-07-01Plan benefit arrangement - TrustYes

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