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MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameMIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN
Plan identification number 002

MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. has sponsored the creation of one or more 401k plans.

Company Name:MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC.
Employer identification number (EIN):381807844
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01JOHN ANSAY2018-06-14
0022016-01-01BRIAN BOYCHUK2017-05-22
0022015-01-01BRIAN BOYCHUK2016-05-11
0022013-09-01BRIAN BOYCHUK
0022012-09-01BRIAN BOYCHUK
0022011-09-01BRIAN BOYCHUK
0022010-09-01BRIAN BOYCHUK2012-02-20
0022009-09-01BRIAN BOYCHUK

Plan Statistics for MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN

Measure Date Value
2025: MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-15111
Total number of particpants at end of year2025-10-15124
Number of Participants With Account Balances2025-10-15124
2024: MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-04-2592
Total number of particpants at end of year2024-04-25108
Number of Participants With Account Balances2024-04-25108
2022: MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-04-0675
Total number of particpants at end of year2022-04-0676
Number of Participants With Account Balances2022-04-0676
2013: MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-09-0117
Total number of active participants reported on line 7a of the Form 55002013-09-0114
Number of retired or separated participants receiving benefits2013-09-010
Number of other retired or separated participants entitled to future benefits2013-09-013
Total of all active and inactive participants2013-09-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-09-010
Total participants2013-09-0117
Number of participants with account balances2013-09-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-09-011
2012: MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-09-0114
Total number of active participants reported on line 7a of the Form 55002012-09-0112
Number of retired or separated participants receiving benefits2012-09-010
Number of other retired or separated participants entitled to future benefits2012-09-012
Total of all active and inactive participants2012-09-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-09-010
Total participants2012-09-0114
Number of participants with account balances2012-09-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-09-010
2011: MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-09-0112
Total number of active participants reported on line 7a of the Form 55002011-09-0111
Number of retired or separated participants receiving benefits2011-09-010
Number of other retired or separated participants entitled to future benefits2011-09-013
Total of all active and inactive participants2011-09-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-09-010
Total participants2011-09-0114
Number of participants with account balances2011-09-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-09-011
2009: MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-09-0113
Total number of active participants reported on line 7a of the Form 55002009-09-017
Number of retired or separated participants receiving benefits2009-09-010
Number of other retired or separated participants entitled to future benefits2009-09-014
Total of all active and inactive participants2009-09-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-09-010
Total participants2009-09-0111
Number of participants with account balances2009-09-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-09-012

Financial Data on MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN

Measure Date Value
2025 : MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-10-150
Total liabilities as of the beginning of the plan year2025-10-1515
Total expenses incurred by plan in this plan year2025-10-15238342
Net assets as of the end of the plan year2025-10-158050187
Total assets as of the beginning of the plan year2025-10-156462377
Value of plan covered by a fidelity bond2025-10-151100000
Participant contributions to plan in this plan year2025-10-15586073
Value of participant loans at end of plan year2025-10-1593003
Other expenses paid from plan in this plan year2025-10-1529402
Other contributions to plan in this plan year2025-10-1512806
Other income to plan in this plan year2025-10-15923251
Plan net income in this plan year2025-10-151587825
Net assets as of the end of the plan year2025-10-158050187
Net assets as of the beginning of the plan year2025-10-156462362
Employer contributions to plan in this plan year2025-10-15304037
Fees paid to broker by Benefit Provider2025-10-15368
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-154125
2024 : MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-04-2515
Total expenses incurred by plan in this plan year2024-04-25289493
Net assets as of the end of the plan year2024-04-256462377
Total assets as of the beginning of the plan year2024-04-255147521
Value of plan covered by a fidelity bond2024-04-251100000
Participant contributions to plan in this plan year2024-04-25388887
Value of participant loans at end of plan year2024-04-2551755
Other expenses paid from plan in this plan year2024-04-25214
Other contributions to plan in this plan year2024-04-2538322
Other income to plan in this plan year2024-04-25904590
Plan net income in this plan year2024-04-251314841
Net assets as of the end of the plan year2024-04-256462362
Net assets as of the beginning of the plan year2024-04-255147521
Employer contributions to plan in this plan year2024-04-25272535
Fees paid to broker by Benefit Provider2024-04-25351
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-2522763
2022 : MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2022 401k financial data
Total liabilities as of the beginning of the plan year2022-04-060
Total expenses incurred by plan in this plan year2022-04-06386445
Net assets as of the end of the plan year2022-04-065736796
Total assets as of the beginning of the plan year2022-04-064906343
Value of plan covered by a fidelity bond2022-04-061100000
Participant contributions to plan in this plan year2022-04-06266692
Value of participant loans at end of plan year2022-04-0640780
Other expenses paid from plan in this plan year2022-04-0627841
Other contributions to plan in this plan year2022-04-0617537
Other income to plan in this plan year2022-04-06777610
Plan net income in this plan year2022-04-06830453
Net assets as of the end of the plan year2022-04-065736796
Net assets as of the beginning of the plan year2022-04-064906343
Employer contributions to plan in this plan year2022-04-06155059
Fees paid to broker by Benefit Provider2022-04-06680
Expensese paid to adminstrative service provicers from plan in this plan year2022-04-062250
2014 : MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2014 401k financial data
Transfers to/from the plan2014-08-31$0
Total income from all sources2014-08-31$1,795,470
Expenses. Total of all expenses incurred2014-08-31$63,787
Benefits paid (including direct rollovers)2014-08-31$63,465
Total plan assets at end of year2014-08-31$4,448,351
Total plan assets at beginning of year2014-08-31$2,716,668
Value of fidelity bond covering the plan2014-08-31$220,000
Total contributions received or receivable from participants2014-08-31$103,803
Expenses. Other expenses not covered elsewhere2014-08-31$0
Contributions received from other sources (not participants or employers)2014-08-31$0
Other income received2014-08-31$1,521,765
Noncash contributions received2014-08-31$0
Net income (gross income less expenses)2014-08-31$1,731,683
Net plan assets at end of year (total assets less liabilities)2014-08-31$4,448,351
Net plan assets at beginning of year (total assets less liabilities)2014-08-31$2,716,668
Assets. Value of participant loans2014-08-31$15,117
Assets. Value of employer securities2014-08-31$1,668,705
Total contributions received or receivable from employer(s)2014-08-31$169,902
Value of certain deemed distributions of participant loans2014-08-31$0
Value of corrective distributions2014-08-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-08-31$322
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-08-31$0
2013 : MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2013 401k financial data
Total plan liabilities at beginning of year2013-08-31$0
Total income from all sources2013-08-31$440,516
Expenses. Total of all expenses incurred2013-08-31$16,496
Benefits paid (including direct rollovers)2013-08-31$16,339
Total plan assets at end of year2013-08-31$2,716,668
Total plan assets at beginning of year2013-08-31$2,292,648
Value of fidelity bond covering the plan2013-08-31$220,000
Total contributions received or receivable from participants2013-08-31$91,359
Other income received2013-08-31$197,561
Net income (gross income less expenses)2013-08-31$424,020
Net plan assets at end of year (total assets less liabilities)2013-08-31$2,716,668
Net plan assets at beginning of year (total assets less liabilities)2013-08-31$2,292,648
Assets. Value of participant loans2013-08-31$4,601
Assets. Value of employer securities2013-08-31$509,912
Total contributions received or receivable from employer(s)2013-08-31$151,596
Expenses. Administrative service providers (salaries,fees and commissions)2013-08-31$157
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-08-31$0
2012 : MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2012 401k financial data
Transfers to/from the plan2012-08-31$0
Total plan liabilities at end of year2012-08-31$0
Total plan liabilities at beginning of year2012-08-31$0
Total income from all sources2012-08-31$362,634
Expenses. Total of all expenses incurred2012-08-31$3,885
Benefits paid (including direct rollovers)2012-08-31$3,757
Total plan assets at end of year2012-08-31$2,292,648
Total plan assets at beginning of year2012-08-31$1,933,899
Value of fidelity bond covering the plan2012-08-31$220,000
Total contributions received or receivable from participants2012-08-31$87,903
Expenses. Other expenses not covered elsewhere2012-08-31$0
Contributions received from other sources (not participants or employers)2012-08-31$0
Other income received2012-08-31$137,483
Noncash contributions received2012-08-31$0
Net income (gross income less expenses)2012-08-31$358,749
Net plan assets at end of year (total assets less liabilities)2012-08-31$2,292,648
Net plan assets at beginning of year (total assets less liabilities)2012-08-31$1,933,899
Assets. Value of participant loans2012-08-31$5,049
Assets. Value of employer securities2012-08-31$509,912
Total contributions received or receivable from employer(s)2012-08-31$137,248
Value of certain deemed distributions of participant loans2012-08-31$0
Value of corrective distributions2012-08-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-08-31$128
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-08-31$0
2010 : MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-08-31$0

Form 5500 Responses for MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN

2013: MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2013 form 5500 responses
2013-09-01Type of plan entitySingle employer plan
2013-09-01Submission has been amendedNo
2013-09-01This submission is the final filingNo
2013-09-01This return/report is a short plan year return/report (less than 12 months)No
2013-09-01Plan is a collectively bargained planNo
2013-09-01Plan funding arrangement – InsuranceYes
2013-09-01Plan funding arrangement – TrustYes
2013-09-01Plan benefit arrangement – InsuranceYes
2013-09-01Plan benefit arrangement - TrustYes
2012: MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2012 form 5500 responses
2012-09-01Type of plan entitySingle employer plan
2012-09-01Submission has been amendedNo
2012-09-01This submission is the final filingNo
2012-09-01This return/report is a short plan year return/report (less than 12 months)No
2012-09-01Plan is a collectively bargained planNo
2012-09-01Plan funding arrangement – InsuranceYes
2012-09-01Plan funding arrangement – TrustYes
2012-09-01Plan benefit arrangement – InsuranceYes
2012-09-01Plan benefit arrangement - TrustYes
2011: MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2011 form 5500 responses
2011-09-01Type of plan entitySingle employer plan
2011-09-01Submission has been amendedNo
2011-09-01This submission is the final filingNo
2011-09-01This return/report is a short plan year return/report (less than 12 months)No
2011-09-01Plan is a collectively bargained planNo
2011-09-01Plan funding arrangement – InsuranceYes
2011-09-01Plan funding arrangement – TrustYes
2011-09-01Plan benefit arrangement – InsuranceYes
2011-09-01Plan benefit arrangement - TrustYes
2009: MIDLAND EQUIPMENT COMPANY OF MICHIGAN, INC. PROFIT SHARING PLAN 2009 form 5500 responses
2009-09-01Type of plan entitySingle employer plan
2009-09-01Submission has been amendedNo
2009-09-01This submission is the final filingNo
2009-09-01This return/report is a short plan year return/report (less than 12 months)No
2009-09-01Plan is a collectively bargained planNo
2009-09-01Plan funding arrangement – InsuranceYes
2009-09-01Plan funding arrangement – TrustYes
2009-09-01Plan benefit arrangement – InsuranceYes
2009-09-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number807657
Policy instance 2
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number807657
Policy instance 2
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberGH4822
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 2
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number807657
Policy instance 3

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