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MOTIVATE INTERNATIONAL 401(K) PLAN 401k Plan overview

Plan NameMOTIVATE INTERNATIONAL 401(K) PLAN
Plan identification number 001

MOTIVATE INTERNATIONAL 401(K) 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

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

Company Name:MOTIVATE INTERNATIONAL INC.
Employer identification number (EIN):271439188
NAIC Classification:488990

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MOTIVATE INTERNATIONAL 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01JOHN REYNOLDS
0012016-01-01JOHN REYNOLDS
0012015-07-01LUIS ALMONTE

Plan Statistics for MOTIVATE INTERNATIONAL 401(K) PLAN

401k plan membership statisitcs for MOTIVATE INTERNATIONAL 401(K) PLAN

Measure Date Value
2017: MOTIVATE INTERNATIONAL 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01566
Total number of active participants reported on line 7a of the Form 55002017-01-01571
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01113
Total of all active and inactive participants2017-01-01684
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01684
Number of participants with account balances2017-01-01296
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: MOTIVATE INTERNATIONAL 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01485
Total number of active participants reported on line 7a of the Form 55002016-01-01491
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0175
Total of all active and inactive participants2016-01-01566
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01566
Number of participants with account balances2016-01-01212
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-014
2015: MOTIVATE INTERNATIONAL 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-07-01405
Total number of active participants reported on line 7a of the Form 55002015-07-01417
Number of retired or separated participants receiving benefits2015-07-010
Number of other retired or separated participants entitled to future benefits2015-07-0168
Total of all active and inactive participants2015-07-01485
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-07-010
Total participants2015-07-01485
Number of participants with account balances2015-07-01156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-07-0126

Financial Data on MOTIVATE INTERNATIONAL 401(K) PLAN

Measure Date Value
2017 : MOTIVATE INTERNATIONAL 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$9,378
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$5,141
Total income from all sources (including contributions)2017-12-31$2,084,232
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$399,746
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$390,321
Expenses. Certain deemed distributions of participant loans2017-12-31$2,652
Value of total corrective distributions2017-12-31$4,184
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,554,103
Value of total assets at end of year2017-12-31$4,109,689
Value of total assets at beginning of year2017-12-31$2,420,966
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$2,589
Total interest from all sources2017-12-31$3,833
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$971,262
Participant contributions at end of year2017-12-31$93,469
Participant contributions at beginning of year2017-12-31$61,789
Participant contributions at end of year2017-12-31$46,823
Participant contributions at beginning of year2017-12-31$30,553
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$58,591
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$9,378
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$5,141
Total non interest bearing cash at end of year2017-12-31$0
Total non interest bearing cash at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,684,486
Value of net assets at end of year (total assets less liabilities)2017-12-31$4,100,311
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$2,415,825
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$3,677,667
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$2,154,557
Interest on participant loans2017-12-31$2,690
Interest earned on other investments2017-12-31$1,143
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$210,029
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$110,721
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$526,296
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$524,250
Employer contributions (assets) at end of year2017-12-31$81,701
Employer contributions (assets) at beginning of year2017-12-31$63,346
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$390,321
Contract administrator fees2017-12-31$2,589
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31ALDRICH CPAS AND ADVISORS LLP
Accountancy firm EIN2017-12-31930623286
2016 : MOTIVATE INTERNATIONAL 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$5,141
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$3,076
Total income from all sources (including contributions)2016-12-31$1,202,826
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$128,073
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$125,809
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,070,980
Value of total assets at end of year2016-12-31$2,420,966
Value of total assets at beginning of year2016-12-31$1,344,148
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$2,264
Total interest from all sources2016-12-31$2,509
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$3,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$610,524
Participant contributions at end of year2016-12-31$61,789
Participant contributions at beginning of year2016-12-31$72,320
Participant contributions at end of year2016-12-31$30,553
Participant contributions at beginning of year2016-12-31$70
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$115,844
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$5,141
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$3,076
Total non interest bearing cash at end of year2016-12-31$0
Total non interest bearing cash at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$1,074,753
Value of net assets at end of year (total assets less liabilities)2016-12-31$2,415,825
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$1,341,072
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$2,154,557
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$1,185,003
Interest on participant loans2016-12-31$1,882
Interest earned on other investments2016-12-31$627
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$110,721
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$63,178
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$129,337
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$344,612
Employer contributions (assets) at end of year2016-12-31$63,346
Employer contributions (assets) at beginning of year2016-12-31$23,577
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$125,809
Contract administrator fees2016-12-31$2,264
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31ALDRICH CPAS AND ADVISORS LLP
Accountancy firm EIN2016-12-31930623286
2015 : MOTIVATE INTERNATIONAL 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$1,187,445
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$3,076
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$257,950
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$104,323
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$103,611
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$302,672
Value of total assets at end of year2015-12-31$1,344,148
Value of total assets at beginning of year2015-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$712
Total interest from all sources2015-12-31$1,678
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31No
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$191,321
Participant contributions at end of year2015-12-31$72,320
Participant contributions at beginning of year2015-12-31$0
Participant contributions at end of year2015-12-31$23,577
Participant contributions at beginning of year2015-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$1,858
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$3,076
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$0
Total non interest bearing cash at end of year2015-12-31$0
Total non interest bearing cash at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$153,627
Value of net assets at end of year (total assets less liabilities)2015-12-31$1,341,072
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$1,185,003
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$0
Interest on participant loans2015-12-31$1,462
Interest earned on other investments2015-12-31$216
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$63,178
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-46,400
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$109,493
Employer contributions (assets) at end of year2015-12-31$70
Employer contributions (assets) at beginning of year2015-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$103,611
Contract administrator fees2015-12-31$712
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No

Form 5500 Responses for MOTIVATE INTERNATIONAL 401(K) PLAN

2017: MOTIVATE INTERNATIONAL 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MOTIVATE INTERNATIONAL 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: MOTIVATE INTERNATIONAL 401(K) PLAN 2015 form 5500 responses
2015-07-01Type of plan entitySingle employer plan
2015-07-01First time form 5500 has been submittedYes
2015-07-01Submission has been amendedNo
2015-07-01This submission is the final filingNo
2015-07-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-07-01Plan is a collectively bargained planNo
2015-07-01Plan funding arrangement – InsuranceYes
2015-07-01Plan funding arrangement – TrustYes
2015-07-01Plan benefit arrangement – InsuranceYes
2015-07-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number512461-000
Policy instance 1
Insurance contract or identification number512461-000
Number of Individuals Covered296
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $1,557
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees1557
Additional information about fees paid to insurance brokerADMINISTRATIVE FEES
Insurance broker organization code?5
Insurance broker namePENSION PLAN SPECIALISTS, PC

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