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MLT, INC. 401(K) AND PROFIT SHARING PLAN 401k Plan overview

Plan NameMLT, INC. 401(K) AND PROFIT SHARING PLAN
Plan identification number 001

MLT, INC. 401(K) AND 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

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

Company Name:MLT, INC.
Employer identification number (EIN):382841740

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-05-01CORNELL LALONE

Plan Statistics for MLT, INC. 401(K) AND PROFIT SHARING PLAN

401k plan membership statisitcs for MLT, INC. 401(K) AND PROFIT SHARING PLAN

Measure Date Value
2013: MLT, INC. 401(K) AND PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-05-01108
Total number of active participants reported on line 7a of the Form 55002013-05-0189
Number of retired or separated participants receiving benefits2013-05-010
Number of other retired or separated participants entitled to future benefits2013-05-0119
Total of all active and inactive participants2013-05-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-05-010
Total participants2013-05-01108
Number of participants with account balances2013-05-01108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-05-010

Financial Data on MLT, INC. 401(K) AND PROFIT SHARING PLAN

Measure Date Value
2013 : MLT, INC. 401(K) AND PROFIT SHARING PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$270,501
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$3,414
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$782
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$262,576
Value of total assets at end of year2013-12-31$267,087
Value of total assets at beginning of year2013-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$2,632
Total interest from all sources2013-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$50,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$184,656
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$267,087
Value of net assets at end of year (total assets less liabilities)2013-12-31$267,087
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$2,632
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$197,482
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$33,765
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$7,925
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$77,920
Employer contributions (assets) at end of year2013-12-31$35,840
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$782
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31DOLINKA, VAN NOORD & COMPANY PLLP
Accountancy firm EIN2013-12-31382426290

Form 5500 Responses for MLT, INC. 401(K) AND PROFIT SHARING PLAN

2013: MLT, INC. 401(K) AND PROFIT SHARING PLAN 2013 form 5500 responses
2013-05-01Type of plan entitySingle employer plan
2013-05-01First time form 5500 has been submittedYes
2013-05-01Submission has been amendedNo
2013-05-01This submission is the final filingNo
2013-05-01This return/report is a short plan year return/report (less than 12 months)Yes
2013-05-01Plan is a collectively bargained planNo
2013-05-01Plan funding arrangement – TrustYes
2013-05-01Plan benefit arrangement - TrustYes

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