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MAGNECO METREL, INC. 401(K) PLAN AND TRUST 401k Plan overview

Plan NameMAGNECO METREL, INC. 401(K) PLAN AND TRUST
Plan identification number 001

MAGNECO METREL, INC. 401(K) PLAN AND TRUST 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.

401k Sponsoring company profile

MAGNECO/METREL, INC. has sponsored the creation of one or more 401k plans.

Company Name:MAGNECO/METREL, INC.
Employer identification number (EIN):341191723
NAIC Classification:327100

Additional information about MAGNECO/METREL, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 1976-06-18
Company Identification Number: 483042
Legal Registered Office Address: BOX 176
-
NEGLEY
United States of America (USA)
44441

More information about MAGNECO/METREL, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAGNECO METREL, INC. 401(K) PLAN AND TRUST

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
0012018-01-01SUSAN MALLOY
0012017-01-01SUSAN MALLOY
0012016-01-01SUSAN MALLOY
0012015-01-01SUSAN MALLOY
0012014-01-01SUSAN MALLOY
0012013-01-01SUSAN MALLOY
0012012-01-01SUSAN MALLOY SUSAN MALLOY2013-04-24
0012011-01-01SUSAN MALLOY
0012010-01-01SUSAN MALLOY
0012009-01-01SUSAN MALLOY

Plan Statistics for MAGNECO METREL, INC. 401(K) PLAN AND TRUST

401k plan membership statisitcs for MAGNECO METREL, INC. 401(K) PLAN AND TRUST

Measure Date Value
2023: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2023 401k membership
Total participants, beginning-of-year2023-01-01133
Total number of active participants reported on line 7a of the Form 55002023-01-01138
Number of retired or separated participants receiving benefits2023-01-011
Number of other retired or separated participants entitled to future benefits2023-01-0122
Total of all active and inactive participants2023-01-01161
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01161
Number of participants with account balances2023-01-01156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-0112
2022: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-0182
Total number of active participants reported on line 7a of the Form 55002022-01-01114
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-0118
Total of all active and inactive participants2022-01-01133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01133
Number of participants with account balances2022-01-01125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-016
2021: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-0180
Total number of active participants reported on line 7a of the Form 55002021-01-0164
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-0117
Total of all active and inactive participants2021-01-0182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0182
Number of participants with account balances2021-01-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-014
2020: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-0183
Total number of active participants reported on line 7a of the Form 55002020-01-0162
Number of retired or separated participants receiving benefits2020-01-012
Number of other retired or separated participants entitled to future benefits2020-01-0115
Total of all active and inactive participants2020-01-0179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-0180
Number of participants with account balances2020-01-0174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-012
2019: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-0188
Total number of active participants reported on line 7a of the Form 55002019-01-0164
Number of retired or separated participants receiving benefits2019-01-012
Number of other retired or separated participants entitled to future benefits2019-01-0116
Total of all active and inactive participants2019-01-0182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011
Total participants2019-01-0183
Number of participants with account balances2019-01-0181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0113
2018: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2018 401k membership
Total participants, beginning-of-year2018-01-0189
Total number of active participants reported on line 7a of the Form 55002018-01-0179
Number of retired or separated participants receiving benefits2018-01-012
Number of other retired or separated participants entitled to future benefits2018-01-017
Total of all active and inactive participants2018-01-0188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0188
Number of participants with account balances2018-01-0186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-019
2017: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year2017-01-0188
Total number of active participants reported on line 7a of the Form 55002017-01-0179
Number of retired or separated participants receiving benefits2017-01-012
Number of other retired or separated participants entitled to future benefits2017-01-018
Total of all active and inactive participants2017-01-0189
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0189
Number of participants with account balances2017-01-0188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-014
2016: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year2016-01-0188
Total number of active participants reported on line 7a of the Form 55002016-01-0178
Number of retired or separated participants receiving benefits2016-01-013
Number of other retired or separated participants entitled to future benefits2016-01-017
Total of all active and inactive participants2016-01-0188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0188
Number of participants with account balances2016-01-0188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-0179
Total number of active participants reported on line 7a of the Form 55002015-01-0171
Number of retired or separated participants receiving benefits2015-01-012
Number of other retired or separated participants entitled to future benefits2015-01-0115
Total of all active and inactive participants2015-01-0188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0188
Number of participants with account balances2015-01-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-013
2014: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2014 401k membership
Total participants, beginning-of-year2014-01-0181
Total number of active participants reported on line 7a of the Form 55002014-01-0163
Number of retired or separated participants receiving benefits2014-01-012
Number of other retired or separated participants entitled to future benefits2014-01-0114
Total of all active and inactive participants2014-01-0179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0179
Number of participants with account balances2014-01-0178
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012
2013: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year2013-01-0167
Total number of active participants reported on line 7a of the Form 55002013-01-0165
Number of retired or separated participants receiving benefits2013-01-012
Number of other retired or separated participants entitled to future benefits2013-01-0114
Total of all active and inactive participants2013-01-0181
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0181
Number of participants with account balances2013-01-0177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-011
2012: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-0174
Total number of active participants reported on line 7a of the Form 55002012-01-0158
Number of retired or separated participants receiving benefits2012-01-012
Number of other retired or separated participants entitled to future benefits2012-01-017
Total of all active and inactive participants2012-01-0167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0167
Number of participants with account balances2012-01-0166
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-014
2011: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-0179
Total number of active participants reported on line 7a of the Form 55002011-01-0160
Number of retired or separated participants receiving benefits2011-01-011
Number of other retired or separated participants entitled to future benefits2011-01-0113
Total of all active and inactive participants2011-01-0174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0174
Number of participants with account balances2011-01-0171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-012
2010: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-0179
Total number of active participants reported on line 7a of the Form 55002010-01-0162
Number of retired or separated participants receiving benefits2010-01-011
Number of other retired or separated participants entitled to future benefits2010-01-0116
Total of all active and inactive participants2010-01-0179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0179
Number of participants with account balances2010-01-0174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-012
2009: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0187
Total number of active participants reported on line 7a of the Form 55002009-01-0158
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0121
Total of all active and inactive participants2009-01-0179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0179
Number of participants with account balances2009-01-0175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-018

Financial Data on MAGNECO METREL, INC. 401(K) PLAN AND TRUST

Measure Date Value
2023 : MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2023 401k financial data
Unrealized appreciation/depreciation of real estate assets2023-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$0
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total transfer of assets to this plan2023-12-31$0
Total transfer of assets from this plan2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Expenses. Interest paid2023-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022023-12-31$0
Total income from all sources (including contributions)2023-12-31$6,219,667
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$1,485,305
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$1,478,149
Expenses. Certain deemed distributions of participant loans2023-12-31$0
Value of total corrective distributions2023-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$1,860,563
Value of total assets at end of year2023-12-31$25,590,228
Value of total assets at beginning of year2023-12-31$20,855,866
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$7,156
Total income from rents2023-12-31$0
Total interest from all sources2023-12-31$6,314
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$530,349
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$530,349
Assets. Real estate other than employer real property at end of year2023-12-31$0
Assets. Real estate other than employer real property at beginning of year2023-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2023-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2023-12-31$0
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$1,200,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$1,133,451
Participant contributions at end of year2023-12-31$79,010
Participant contributions at beginning of year2023-12-31$110,803
Participant contributions at end of year2023-12-31$0
Participant contributions at beginning of year2023-12-31$0
Assets. Other investments not covered elsewhere at end of year2023-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2023-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$6,546
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$0
Assets. Loans (other than to participants) at end of year2023-12-31$0
Assets. Loans (other than to participants) at beginning of year2023-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-12-31$0
Other income not declared elsewhere2023-12-31$0
Administrative expenses (other) incurred2023-12-31$0
Liabilities. Value of operating payables at end of year2023-12-31$0
Liabilities. Value of operating payables at beginning of year2023-12-31$0
Total non interest bearing cash at end of year2023-12-31$0
Total non interest bearing cash at beginning of year2023-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Income. Non cash contributions2023-12-31$0
Value of net income/loss2023-12-31$4,734,362
Value of net assets at end of year (total assets less liabilities)2023-12-31$25,590,228
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$20,855,866
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Assets. partnership/joint venture interests at end of year2023-12-31$0
Assets. partnership/joint venture interests at beginning of year2023-12-31$0
Investment advisory and management fees2023-12-31$5,843
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$24,739,593
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$18,786,182
Value of interest in pooled separate accounts at end of year2023-12-31$0
Value of interest in pooled separate accounts at beginning of year2023-12-31$0
Interest on participant loans2023-12-31$6,314
Income. Interest from loans (other than to participants)2023-12-31$0
Interest earned on other investments2023-12-31$0
Income. Interest from US Government securities2023-12-31$0
Income. Interest from corporate debt instruments2023-12-31$0
Value of interest in master investment trust accounts at end of year2023-12-31$0
Value of interest in master investment trust accounts at beginning of year2023-12-31$0
Value of interest in common/collective trusts at end of year2023-12-31$657,248
Value of interest in common/collective trusts at beginning of year2023-12-31$1,958,881
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2023-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2023-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2023-12-31$0
Asset value of US Government securities at end of year2023-12-31$0
Asset value of US Government securities at beginning of year2023-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$3,703,866
Net investment gain/loss from pooled separate accounts2023-12-31$0
Net investment gain or loss from common/collective trusts2023-12-31$118,575
Net gain/loss from 103.12 investment entities2023-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Assets. Invements in employer securities at end of year2023-12-31$0
Assets. Invements in employer securities at beginning of year2023-12-31$0
Assets. Value of employer real property at end of year2023-12-31$0
Assets. Value of employer real property at beginning of year2023-12-31$0
Contributions received in cash from employer2023-12-31$720,566
Employer contributions (assets) at end of year2023-12-31$114,377
Employer contributions (assets) at beginning of year2023-12-31$0
Income. Dividends from preferred stock2023-12-31$0
Income. Dividends from common stock2023-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$1,478,149
Asset. Corporate debt instrument preferred debt at end of year2023-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2023-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2023-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2023-12-31$0
Contract administrator fees2023-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2023-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2023-12-31$0
Liabilities. Value of benefit claims payable at end of year2023-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2023-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2023-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2023-12-31$0
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Aggregate proceeds on sale of assets2023-12-31$0
Aggregate carrying amount (costs) on sale of assets2023-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2023-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2023-12-31$0
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31MOWERY & SCHOENFELD, LLC.
Accountancy firm EIN2023-12-31364111140
2022 : MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-3,581,113
Expenses. Total of all expenses incurred2022-12-31$492,090
Benefits paid (including direct rollovers)2022-12-31$491,833
Total plan assets at end of year2022-12-31$20,855,866
Total plan assets at beginning of year2022-12-31$24,929,069
Value of fidelity bond covering the plan2022-12-31$1,200,000
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$790,009
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-4,945,326
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-4,073,203
Net plan assets at end of year (total assets less liabilities)2022-12-31$20,855,866
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$24,929,069
Assets. Value of participant loans2022-12-31$110,803
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$574,204
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$257
2021 : MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$4,752,674
Expenses. Total of all expenses incurred2021-12-31$1,840,659
Benefits paid (including direct rollovers)2021-12-31$1,834,796
Total plan assets at end of year2021-12-31$24,929,069
Total plan assets at beginning of year2021-12-31$22,017,054
Value of fidelity bond covering the plan2021-12-31$1,200,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$624,352
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$2,426
Other income received2021-12-31$3,690,761
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$2,912,015
Net plan assets at end of year (total assets less liabilities)2021-12-31$24,929,069
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$22,017,054
Assets. Value of participant loans2021-12-31$119,233
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$435,135
Value of certain deemed distributions of participant loans2021-12-31$697
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$5,166
2020 : MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$4,797,551
Expenses. Total of all expenses incurred2020-12-31$2,575,447
Benefits paid (including direct rollovers)2020-12-31$2,568,895
Total plan assets at end of year2020-12-31$22,017,054
Total plan assets at beginning of year2020-12-31$19,794,950
Value of fidelity bond covering the plan2020-12-31$1,200,000
Total contributions received or receivable from participants2020-12-31$632,061
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$3,711,409
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$2,222,104
Net plan assets at end of year (total assets less liabilities)2020-12-31$22,017,054
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$19,794,950
Assets. Value of participant loans2020-12-31$95,548
Total contributions received or receivable from employer(s)2020-12-31$454,081
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$6,552
2019 : MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$5,052,865
Expenses. Total of all expenses incurred2019-12-31$346,556
Benefits paid (including direct rollovers)2019-12-31$340,258
Total plan assets at end of year2019-12-31$19,794,950
Total plan assets at beginning of year2019-12-31$15,088,641
Value of fidelity bond covering the plan2019-12-31$1,200,000
Total contributions received or receivable from participants2019-12-31$657,983
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$25,928
Other income received2019-12-31$3,891,791
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$4,706,309
Net plan assets at end of year (total assets less liabilities)2019-12-31$19,794,950
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$15,088,641
Assets. Value of participant loans2019-12-31$164,480
Total contributions received or receivable from employer(s)2019-12-31$477,163
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$6,298
2018 : MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-163,052
Expenses. Total of all expenses incurred2018-12-31$1,386,438
Benefits paid (including direct rollovers)2018-12-31$1,380,649
Total plan assets at end of year2018-12-31$15,088,641
Total plan assets at beginning of year2018-12-31$16,638,131
Value of fidelity bond covering the plan2018-12-31$1,200,000
Total contributions received or receivable from participants2018-12-31$674,589
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-1,242,057
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-1,549,490
Net plan assets at end of year (total assets less liabilities)2018-12-31$15,088,641
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$16,638,131
Assets. Value of participant loans2018-12-31$224,316
Total contributions received or receivable from employer(s)2018-12-31$404,416
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$5,789
2017 : MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$3,490,920
Expenses. Total of all expenses incurred2017-12-31$632,658
Benefits paid (including direct rollovers)2017-12-31$627,367
Total plan assets at end of year2017-12-31$16,638,131
Total plan assets at beginning of year2017-12-31$13,779,869
Value of fidelity bond covering the plan2017-12-31$1,200,000
Assets. Value of tangible personal property2017-12-31$0
Total contributions received or receivable from participants2017-12-31$650,408
Assets. Value of loans (other than to participants)2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$6,814
Other income received2017-12-31$2,474,458
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$2,858,262
Net plan assets at end of year (total assets less liabilities)2017-12-31$16,638,131
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$13,779,869
Assets. Value of participant loans2017-12-31$309,379
Assets. Value of assets in partnership/joint-venture interests2017-12-31$0
Assets. Value of real-estate (other than employer real property)2017-12-31$0
Assets. Value of employer securities2017-12-31$0
Assets. Value of employer real property2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$359,240
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$5,291
2016 : MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$2,187,385
Expenses. Total of all expenses incurred2016-12-31$493,237
Benefits paid (including direct rollovers)2016-12-31$489,516
Total plan assets at end of year2016-12-31$13,779,869
Total plan assets at beginning of year2016-12-31$12,085,721
Value of fidelity bond covering the plan2016-12-31$1,200,000
Total contributions received or receivable from participants2016-12-31$614,955
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$387,474
Other income received2016-12-31$829,514
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$1,694,148
Net plan assets at end of year (total assets less liabilities)2016-12-31$13,779,869
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$12,085,721
Assets. Value of participant loans2016-12-31$372,701
Total contributions received or receivable from employer(s)2016-12-31$355,442
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$3,721
2015 : MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$908,101
Expenses. Total of all expenses incurred2015-12-31$2,083,842
Benefits paid (including direct rollovers)2015-12-31$2,081,401
Total plan assets at end of year2015-12-31$12,085,721
Total plan assets at beginning of year2015-12-31$13,261,462
Value of fidelity bond covering the plan2015-12-31$1,200,000
Total contributions received or receivable from participants2015-12-31$561,628
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-54,087
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$-1,175,741
Net plan assets at end of year (total assets less liabilities)2015-12-31$12,085,721
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$13,261,462
Assets. Value of participant loans2015-12-31$247,354
Total contributions received or receivable from employer(s)2015-12-31$400,560
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$2,441
2014 : MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$1,693,604
Expenses. Total of all expenses incurred2014-12-31$1,648,317
Benefits paid (including direct rollovers)2014-12-31$1,646,749
Total plan assets at end of year2014-12-31$13,261,462
Total plan assets at beginning of year2014-12-31$13,216,175
Value of fidelity bond covering the plan2014-12-31$1,200,000
Total contributions received or receivable from participants2014-12-31$510,583
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$46,761
Other income received2014-12-31$885,271
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$45,287
Net plan assets at end of year (total assets less liabilities)2014-12-31$13,261,462
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$13,216,175
Assets. Value of participant loans2014-12-31$122,595
Total contributions received or receivable from employer(s)2014-12-31$250,989
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$1,568
2013 : MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$3,189,714
Expenses. Total of all expenses incurred2013-12-31$631,950
Benefits paid (including direct rollovers)2013-12-31$627,598
Total plan assets at end of year2013-12-31$13,216,175
Total plan assets at beginning of year2013-12-31$10,658,411
Value of fidelity bond covering the plan2013-12-31$1,200,000
Total contributions received or receivable from participants2013-12-31$459,655
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$152,956
Other income received2013-12-31$2,291,771
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$2,557,764
Net plan assets at end of year (total assets less liabilities)2013-12-31$13,216,175
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$10,658,411
Assets. Value of participant loans2013-12-31$120,253
Total contributions received or receivable from employer(s)2013-12-31$285,332
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$3,713
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$639
2012 : MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2012 401k financial data
Total income from all sources2012-12-31$1,877,118
Expenses. Total of all expenses incurred2012-12-31$650,008
Benefits paid (including direct rollovers)2012-12-31$648,950
Total plan assets at end of year2012-12-31$10,658,411
Total plan assets at beginning of year2012-12-31$9,431,301
Value of fidelity bond covering the plan2012-12-31$1,200,000
Total contributions received or receivable from participants2012-12-31$428,826
Other income received2012-12-31$1,149,072
Net income (gross income less expenses)2012-12-31$1,227,110
Net plan assets at end of year (total assets less liabilities)2012-12-31$10,658,411
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$9,431,301
Assets. Value of participant loans2012-12-31$156,692
Total contributions received or receivable from employer(s)2012-12-31$299,220
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$1,058
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2011 401k financial data
Total income from all sources2011-12-31$387,255
Expenses. Total of all expenses incurred2011-12-31$54,895
Benefits paid (including direct rollovers)2011-12-31$53,531
Total plan assets at end of year2011-12-31$9,431,301
Total plan assets at beginning of year2011-12-31$9,098,941
Value of fidelity bond covering the plan2011-12-31$1,000,000
Total contributions received or receivable from participants2011-12-31$405,701
Contributions received from other sources (not participants or employers)2011-12-31$30,355
Other income received2011-12-31$-290,043
Net income (gross income less expenses)2011-12-31$332,360
Net plan assets at end of year (total assets less liabilities)2011-12-31$9,431,301
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$9,098,941
Assets. Value of participant loans2011-12-31$175,296
Total contributions received or receivable from employer(s)2011-12-31$241,242
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$1,364
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2010 401k financial data
Total income from all sources2010-12-31$1,592,005
Expenses. Total of all expenses incurred2010-12-31$248,324
Benefits paid (including direct rollovers)2010-12-31$246,529
Total plan assets at end of year2010-12-31$9,098,941
Total plan assets at beginning of year2010-12-31$7,755,260
Value of fidelity bond covering the plan2010-12-31$1,000,000
Total contributions received or receivable from participants2010-12-31$372,192
Other income received2010-12-31$1,063,703
Net income (gross income less expenses)2010-12-31$1,343,681
Net plan assets at end of year (total assets less liabilities)2010-12-31$9,098,941
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$7,755,260
Assets. Value of participant loans2010-12-31$187,897
Total contributions received or receivable from employer(s)2010-12-31$156,110
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$1,795
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for MAGNECO METREL, INC. 401(K) PLAN AND TRUST

2023: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 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
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 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 – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: MAGNECO METREL, INC. 401(K) PLAN AND TRUST 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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