401k Plan data: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN plan

MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN
Plan identification number	001

MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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

MIDWEST FINANCIAL PARTNERS INVESTMENTS, INC. has sponsored the creation of one or more 401k plans.

Company Name: MIDWEST FINANCIAL PARTNERS INVESTMENTS, INC.

Employer identification number (EIN): 411021581

NAIC Classification: 523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 JOHN GLOMSKI 2024-06-13
001 2022-01-01 JOHN GLOMSKI 2023-04-19
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01 JOHN GLOMSKI
001 2017-01-01 JOHN GLOMSKI
001 2016-01-01 JOHN GLOMSKI 2017-07-20
001 2015-01-01 JOHN GLOMSKI 2016-07-21
001 2014-01-01 JOHN GLOMSKI 2015-07-14
001 2013-01-01 JOHN GLOMSKI 2014-06-26

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2023-01-01	JOHN GLOMSKI	2024-06-13
001	2022-01-01	JOHN GLOMSKI	2023-04-19
001	2021-01-01
001	2020-01-01
001	2019-01-01
001	2018-01-01	JOHN GLOMSKI
001	2017-01-01	JOHN GLOMSKI
001	2016-01-01	JOHN GLOMSKI	2017-07-20
001	2015-01-01	JOHN GLOMSKI	2016-07-21
001	2014-01-01	JOHN GLOMSKI	2015-07-14
001	2013-01-01	JOHN GLOMSKI	2014-06-26

Plan Statistics for MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN

Measure Date Value
2021: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 20
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 21
Number of retired or separated participants receiving benefits 2021-01-01 2
Number of other retired or separated participants entitled to future benefits 2021-01-01 0
Total of all active and inactive participants 2021-01-01 23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 23
Number of participants with account balances 2021-01-01 23
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 19
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 18
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 2
Total of all active and inactive participants 2020-01-01 20
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 20
Number of participants with account balances 2020-01-01 20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 19
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 18
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 1
Total of all active and inactive participants 2019-01-01 19
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 19
Number of participants with account balances 2019-01-01 19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 18
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 17
Number of retired or separated participants receiving benefits 2018-01-01 2
Number of other retired or separated participants entitled to future benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 19
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 19
Number of participants with account balances 2018-01-01 19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 14
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 16
Number of retired or separated participants receiving benefits 2017-01-01 2
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 18
Number of participants with account balances 2017-01-01 18
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 1

Measure	Date	Value
2021: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	20
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	21
Number of retired or separated participants receiving benefits	2021-01-01	2
Number of other retired or separated participants entitled to future benefits	2021-01-01	0
Total of all active and inactive participants	2021-01-01	23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	23
Number of participants with account balances	2021-01-01	23
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	19
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	18
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	2
Total of all active and inactive participants	2020-01-01	20
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	20
Number of participants with account balances	2020-01-01	20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	19
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	18
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	1
Total of all active and inactive participants	2019-01-01	19
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	19
Number of participants with account balances	2019-01-01	19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	18
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	17
Number of retired or separated participants receiving benefits	2018-01-01	2
Number of other retired or separated participants entitled to future benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	19
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	19
Number of participants with account balances	2018-01-01	19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	14
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	16
Number of retired or separated participants receiving benefits	2017-01-01	2
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	18
Number of participants with account balances	2017-01-01	18
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	1

Financial Data on MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2021 : MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$888,566
Expenses. Total of all expenses incurred	2021-12-31	$16,616
Benefits paid (including direct rollovers)	2021-12-31	$15,265
Total plan assets at end of year	2021-12-31	$4,911,058
Total plan assets at beginning of year	2021-12-31	$4,039,108
Value of fidelity bond covering the plan	2021-12-31	$500,000
Total contributions received or receivable from participants	2021-12-31	$182,533
Other income received	2021-12-31	$466,000
Net income (gross income less expenses)	2021-12-31	$871,950
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$4,911,058
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$4,039,108
Total contributions received or receivable from employer(s)	2021-12-31	$240,033
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$1,351
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$1,019,018
Expenses. Total of all expenses incurred	2020-12-31	$9,827
Benefits paid (including direct rollovers)	2020-12-31	$6,101
Total plan assets at end of year	2020-12-31	$4,039,108
Total plan assets at beginning of year	2020-12-31	$3,029,917
Value of fidelity bond covering the plan	2020-12-31	$2,500,000
Total contributions received or receivable from participants	2020-12-31	$127,956
Other income received	2020-12-31	$661,669
Net income (gross income less expenses)	2020-12-31	$1,009,191
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$4,039,108
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$3,029,917
Total contributions received or receivable from employer(s)	2020-12-31	$229,393
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$3,726
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$869,176
Expenses. Total of all expenses incurred	2019-12-31	$10,678
Benefits paid (including direct rollovers)	2019-12-31	$5,808
Total plan assets at end of year	2019-12-31	$3,029,917
Total plan assets at beginning of year	2019-12-31	$2,171,419
Value of fidelity bond covering the plan	2019-12-31	$2,000,000
Total contributions received or receivable from participants	2019-12-31	$102,718
Other income received	2019-12-31	$528,509
Net income (gross income less expenses)	2019-12-31	$858,498
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$3,029,917
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$2,171,419
Total contributions received or receivable from employer(s)	2019-12-31	$237,949
Value of corrective distributions	2019-12-31	$195
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$4,675
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$189,982
Expenses. Total of all expenses incurred	2018-12-31	$153,967
Benefits paid (including direct rollovers)	2018-12-31	$150,581
Total plan assets at end of year	2018-12-31	$2,171,419
Total plan assets at beginning of year	2018-12-31	$2,135,404
Value of fidelity bond covering the plan	2018-12-31	$217,142
Total contributions received or receivable from participants	2018-12-31	$145,049
Other income received	2018-12-31	$-178,356
Net income (gross income less expenses)	2018-12-31	$36,015
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$2,171,419
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$2,135,404
Total contributions received or receivable from employer(s)	2018-12-31	$223,289
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$3,386
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
2017 : MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$557,088
Expenses. Total of all expenses incurred	2017-12-31	$77,771
Benefits paid (including direct rollovers)	2017-12-31	$74,900
Total plan assets at end of year	2017-12-31	$2,135,404
Total plan assets at beginning of year	2017-12-31	$1,656,087
Value of fidelity bond covering the plan	2017-12-31	$150,000
Total contributions received or receivable from participants	2017-12-31	$84,681
Contributions received from other sources (not participants or employers)	2017-12-31	$5,286
Other income received	2017-12-31	$328,069
Net income (gross income less expenses)	2017-12-31	$479,317
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$2,135,404
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$1,656,087
Total contributions received or receivable from employer(s)	2017-12-31	$139,052
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$2,871
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0

Form 5500 Responses for MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN

2021: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: MIDWEST FINANCIAL PARTNERS 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

513469-000

Policy instance

Insurance contract or identification number	513469-000
Number of Individuals Covered	19
Insurance policy start date	2019-07-10
Insurance policy end date	2019-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $2,750
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	2750
Additional information about fees paid to insurance broker	TPA
Insurance broker organization code?	5

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Company Name:	MIDWEST FINANCIAL PARTNERS INVESTMENTS, INC.
Employer identification number (EIN):	411021581
NAIC Classification:	523900