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MFC CORPORATION, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameMFC CORPORATION, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

MFC CORPORATION, INC. 401(K) 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

MFC CORPORATION, INC. has sponsored the creation of one or more 401k plans.

Company Name:MFC CORPORATION, INC.
Employer identification number (EIN):341818683
NAIC Classification:518210
NAIC Description:Data Processing, Hosting, and Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MFC CORPORATION, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01ROBERT S. BOONE2013-09-09 ROBERT S. BOONE2013-09-09
0012012-01-01ROBERT S. BOONE2013-09-09 ROBERT S. BOONE2013-09-09
0012011-01-01ROBERT BOONE ROBERT BOONE2012-10-13
0012009-01-01ROBERT BOONE

Plan Statistics for MFC CORPORATION, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for MFC CORPORATION, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2011: MFC CORPORATION, INC. 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0142
Total number of active participants reported on line 7a of the Form 55002011-01-0139
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-018
Total of all active and inactive participants2011-01-0147
Total participants2011-01-0147
Number of participants with account balances2011-01-0142
2009: MFC CORPORATION, INC. 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0141
Total number of active participants reported on line 7a of the Form 55002009-01-0142
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-015
Total of all active and inactive participants2009-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0147
Number of participants with account balances2009-01-0144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on MFC CORPORATION, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2011 : MFC CORPORATION, INC. 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$415,477
Expenses. Total of all expenses incurred2011-12-31$283,371
Benefits paid (including direct rollovers)2011-12-31$283,196
Total plan assets at end of year2011-12-31$2,188,878
Total plan assets at beginning of year2011-12-31$2,056,772
Value of fidelity bond covering the plan2011-12-31$110,000
Total contributions received or receivable from participants2011-12-31$82,019
Contributions received from other sources (not participants or employers)2011-12-31$69,809
Other income received2011-12-31$263,649
Net income (gross income less expenses)2011-12-31$132,106
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,188,878
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,056,772
Assets. Value of employer securities2011-12-31$1,170,000
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$175
2010 : MFC CORPORATION, INC. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$235,883
Expenses. Total of all expenses incurred2010-12-31$42,091
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$2,056,772
Total plan assets at beginning of year2010-12-31$1,862,980
Value of fidelity bond covering the plan2010-12-31$110,000
Total contributions received or receivable from participants2010-12-31$91,903
Contributions received from other sources (not participants or employers)2010-12-31$18,924
Other income received2010-12-31$125,056
Net income (gross income less expenses)2010-12-31$193,792
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,056,772
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,862,980
Assets. Value of employer securities2010-12-31$850,000
Value of certain deemed distributions of participant loans2010-12-31$41,916
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$175

Form 5500 Responses for MFC CORPORATION, INC. 401(K) PROFIT SHARING PLAN

2011: MFC CORPORATION, INC. 401(K) PROFIT SHARING PLAN 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 is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: MFC CORPORATION, INC. 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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