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MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN 401k Plan overview

Plan NameMAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN
Plan identification number 002

MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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

MAGNI POWER COMPANY has sponsored the creation of one or more 401k plans.

Company Name:MAGNI POWER COMPANY
Employer identification number (EIN):340754779
NAIC Classification:332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-12-28SCOTT HALL2024-09-26 SCOTT HALL2024-09-26
0022021-12-28SCOTT HALL2023-09-27 SCOTT HALL2023-09-27
0022020-12-28SCOTT HALL2022-09-21 SCOTT HALL2022-09-21
0022019-12-28SCOTT HALL2021-07-14 SCOTT HALL2021-07-14
0022018-12-28SCOTT HALL2020-07-22 SCOTT HALL2020-07-22
0022017-12-28SCOTT HALL2019-09-12 SCOTT HALL2019-09-12
0022016-12-28SCOTT HALL2018-09-26 SCOTT HALL2018-09-26
0022015-12-28SCOTT HALL2017-10-05 SCOTT HALL2017-10-05
0022014-12-28DAVID FLICKINGER2016-09-06 DAVID FLICKINGER2016-09-06
0022013-12-28DAVID FLICKINGER
0022012-12-28DAVID FLICKINGER
0022011-12-28DAVID FLICKINGER
0022010-12-28DAVID FLICKINGER
0022009-12-28DAVID FLICKINGER
0022008-12-28

Financial Data on MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN

Measure Date Value
2025 : MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-08-280
Total liabilities as of the beginning of the plan year2025-08-280
Total expenses incurred by plan in this plan year2025-08-2870562
Net assets as of the end of the plan year2025-08-282285652
Total assets as of the beginning of the plan year2025-08-282091586
Value of plan covered by a fidelity bond2025-08-281000000
Other expenses paid from plan in this plan year2025-08-2822048
Other income to plan in this plan year2025-08-28214628
Plan net income in this plan year2025-08-28194066
Net assets as of the end of the plan year2025-08-282285652
Net assets as of the beginning of the plan year2025-08-282091586
Employer contributions to plan in this plan year2025-08-2850000
Fees paid to broker by Benefit Provider2025-08-282937
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-2813947
2023 : MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN 2023 401k financial data
Total liabilities as of the end of the plan year2023-09-270
Total liabilities as of the beginning of the plan year2023-09-270
Total expenses incurred by plan in this plan year2023-09-27168506
Net assets as of the end of the plan year2023-09-271997833
Total assets as of the beginning of the plan year2023-09-272525314
Value of plan covered by a fidelity bond2023-09-271000000
Other expenses paid from plan in this plan year2023-09-2726043
Other income to plan in this plan year2023-09-27-408975
Plan net income in this plan year2023-09-27-527481
Net assets as of the end of the plan year2023-09-271997833
Net assets as of the beginning of the plan year2023-09-272525314
Employer contributions to plan in this plan year2023-09-2750000
Fees paid to broker by Benefit Provider2023-09-272271
Expensese paid to adminstrative service provicers from plan in this plan year2023-09-2715355
2014 : MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-27$0
Total plan liabilities at beginning of year2014-12-27$0
Total income from all sources2014-12-27$287,911
Expenses. Total of all expenses incurred2014-12-27$401,718
Benefits paid (including direct rollovers)2014-12-27$368,332
Total plan assets at end of year2014-12-27$2,691,905
Total plan assets at beginning of year2014-12-27$2,805,712
Value of fidelity bond covering the plan2014-12-27$500,000
Expenses. Other expenses not covered elsewhere2014-12-27$20,163
Other income received2014-12-27$187,911
Net income (gross income less expenses)2014-12-27$-113,807
Net plan assets at end of year (total assets less liabilities)2014-12-27$2,691,905
Net plan assets at beginning of year (total assets less liabilities)2014-12-27$2,805,712
Total contributions received or receivable from employer(s)2014-12-27$100,000
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-27$13,223
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-27$0
2013 : MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN 2013 401k financial data
Transfers to/from the plan2013-12-27$0
Total plan liabilities at end of year2013-12-27$0
Total plan liabilities at beginning of year2013-12-27$0
Total income from all sources2013-12-27$403,756
Expenses. Total of all expenses incurred2013-12-27$116,598
Benefits paid (including direct rollovers)2013-12-27$84,626
Total plan assets at end of year2013-12-27$2,805,712
Total plan assets at beginning of year2013-12-27$2,518,554
Value of fidelity bond covering the plan2013-12-27$500,000
Expenses. Other expenses not covered elsewhere2013-12-27$18,699
Other income received2013-12-27$403,756
Net income (gross income less expenses)2013-12-27$287,158
Net plan assets at end of year (total assets less liabilities)2013-12-27$2,805,712
Net plan assets at beginning of year (total assets less liabilities)2013-12-27$2,518,554
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-27$13,273
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-27$0
2012 : MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN 2012 401k financial data
Transfers to/from the plan2012-12-27$0
Total plan liabilities at end of year2012-12-27$0
Total plan liabilities at beginning of year2012-12-27$0
Total income from all sources2012-12-27$268,227
Expenses. Total of all expenses incurred2012-12-27$296,072
Benefits paid (including direct rollovers)2012-12-27$265,548
Total plan assets at end of year2012-12-27$2,518,554
Total plan assets at beginning of year2012-12-27$2,546,399
Value of fidelity bond covering the plan2012-12-27$500,000
Expenses. Other expenses not covered elsewhere2012-12-27$17,609
Other income received2012-12-27$268,227
Net income (gross income less expenses)2012-12-27$-27,845
Net plan assets at end of year (total assets less liabilities)2012-12-27$2,518,554
Net plan assets at beginning of year (total assets less liabilities)2012-12-27$2,546,399
Total contributions received or receivable from employer(s)2012-12-27$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-27$12,915
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-27$0
2011 : MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN 2011 401k financial data
Total plan liabilities at end of year2011-12-27$0
Total plan liabilities at beginning of year2011-12-27$0
Total income from all sources2011-12-27$126,855
Expenses. Total of all expenses incurred2011-12-27$36,438
Benefits paid (including direct rollovers)2011-12-27$10,870
Total plan assets at end of year2011-12-27$2,246,399
Total plan assets at beginning of year2011-12-27$2,155,982
Value of fidelity bond covering the plan2011-12-27$500,000
Expenses. Other expenses not covered elsewhere2011-12-27$15,095
Other income received2011-12-27$26,855
Net income (gross income less expenses)2011-12-27$90,417
Net plan assets at end of year (total assets less liabilities)2011-12-27$2,246,399
Net plan assets at beginning of year (total assets less liabilities)2011-12-27$2,155,982
Total contributions received or receivable from employer(s)2011-12-27$100,000
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-27$10,473
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-27$0
2010 : MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-27$0

Form 5500 Responses for MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN

2013: MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN 2013 form 5500 responses
2013-12-28Type of plan entitySingle employer plan
2013-12-28Submission has been amendedNo
2013-12-28This submission is the final filingNo
2013-12-28This return/report is a short plan year return/report (less than 12 months)No
2013-12-28Plan is a collectively bargained planNo
2013-12-28Plan funding arrangement – InsuranceYes
2013-12-28Plan funding arrangement – TrustYes
2013-12-28Plan benefit arrangement – InsuranceYes
2013-12-28Plan benefit arrangement - TrustYes
2012: MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN 2012 form 5500 responses
2012-12-28Type of plan entitySingle employer plan
2012-12-28Submission has been amendedNo
2012-12-28This submission is the final filingNo
2012-12-28This return/report is a short plan year return/report (less than 12 months)No
2012-12-28Plan is a collectively bargained planNo
2012-12-28Plan funding arrangement – InsuranceYes
2012-12-28Plan funding arrangement – TrustYes
2012-12-28Plan benefit arrangement – InsuranceYes
2012-12-28Plan benefit arrangement - TrustYes
2011: MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN 2011 form 5500 responses
2011-12-28Type of plan entitySingle employer plan
2011-12-28Submission has been amendedNo
2011-12-28This submission is the final filingNo
2011-12-28This return/report is a short plan year return/report (less than 12 months)No
2011-12-28Plan is a collectively bargained planNo
2011-12-28Plan funding arrangement – InsuranceYes
2011-12-28Plan funding arrangement – TrustYes
2011-12-28Plan benefit arrangement – InsuranceYes
2011-12-28Plan benefit arrangement - TrustYes
2010: MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN 2010 form 5500 responses
2010-12-28Type of plan entitySingle employer plan
2010-12-28Submission has been amendedYes
2010-12-28This submission is the final filingNo
2010-12-28This return/report is a short plan year return/report (less than 12 months)No
2010-12-28Plan is a collectively bargained planNo
2010-12-28Plan funding arrangement – InsuranceYes
2010-12-28Plan funding arrangement – TrustYes
2010-12-28Plan benefit arrangement – InsuranceYes
2010-12-28Plan benefit arrangement - TrustYes
2009: MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN 2009 form 5500 responses
2009-12-28Type of plan entitySingle employer plan
2009-12-28Submission has been amendedNo
2009-12-28This submission is the final filingNo
2009-12-28This return/report is a short plan year return/report (less than 12 months)No
2009-12-28Plan is a collectively bargained planNo
2009-12-28Plan funding arrangement – InsuranceYes
2009-12-28Plan funding arrangement – TrustYes
2009-12-28Plan benefit arrangement – InsuranceYes
2009-12-28Plan benefit arrangement - TrustYes
2008: MAGNI-POWER COMPANY SALARIED EMPLOYEES PENSION PLAN 2008 form 5500 responses
2008-12-28Type of plan entitySingle employer plan
2008-12-28Submission has been amendedNo
2008-12-28This submission is the final filingNo
2008-12-28This return/report is a short plan year return/report (less than 12 months)No
2008-12-28Plan is a collectively bargained planNo

Insurance Providers Used on plan

PRUDENTIAL ANNUITIES SERVICE (National Association of Insurance Commissioners NAIC id number: 68241 )
Policy contract number57712
Policy instance 1
PRUDENTIAL ANNUITIES SERVICE (National Association of Insurance Commissioners NAIC id number: 68241 )
Policy contract number57712
Policy instance 1
AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG00607919
Policy instance 1
AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG00607919
Policy instance 1

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