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MACTECH, INC.SAVINGS AND RETIREMENT PLAN 401k Plan overview

Plan NameMACTECH, INC.SAVINGS AND RETIREMENT PLAN
Plan identification number 001

MACTECH, INC.SAVINGS AND RETIREMENT 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.
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

TECH GROUP INC has sponsored the creation of one or more 401k plans.

Company Name:TECH GROUP INC
Employer identification number (EIN):411530080
NAIC Classification:332900

Additional information about TECH GROUP INC

Jurisdiction of Incorporation: Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number: 957505

More information about TECH GROUP INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MACTECH, INC.SAVINGS AND RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ALEX MENSING2024-08-07
0012022-01-01
0012022-01-01DAVID SCHREIBER
0012021-01-01DAVID SCHREIBER2022-03-29 DAVID SCHREIBER2022-03-29
0012020-01-01DAVID SCHREIBER2021-02-19 DAVID SCHREIBER2021-02-19
0012019-01-01DAVID SCHREIBER2020-04-14 DAVID SCHREIBER2020-04-14
0012018-01-01DAVID SCHREIBER2019-02-25 DAVID SCHREIBER2019-02-25
0012017-01-01DAVID SCHREIBER2018-02-16 DAVID SCHREIBER2018-02-16
0012016-01-01DAVID SCHREIBER2017-02-15 CASADEE LEACH2017-02-15
0012015-01-01DAVID SCHREIBER2016-04-21 DAVID SCHREIBER2016-04-21
0012014-01-01DAVID SCHREIBER2015-02-25 DAVID SCHREIBER2015-02-25
0012013-01-01DAVID SCHREIBER2014-07-23 DAVID SCHREIBER2014-07-23
0012012-01-01DAVID SCHREIBER2013-01-31 DAVID SCHREIBER2013-01-31

Financial Data on MACTECH, INC.SAVINGS AND RETIREMENT PLAN

Measure Date Value
2025 : MACTECH, INC.SAVINGS AND RETIREMENT PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-170
Total expenses incurred by plan in this plan year2025-06-17112567
Net assets as of the end of the plan year2025-06-176380758
Total assets as of the beginning of the plan year2025-06-175059301
Value of plan covered by a fidelity bond2025-06-17500000
Participant contributions to plan in this plan year2025-06-17424610
Value of participant loans at end of plan year2025-06-1784501
Other contributions to plan in this plan year2025-06-170
Other income to plan in this plan year2025-06-17832512
Plan net income in this plan year2025-06-171321457
Net assets as of the end of the plan year2025-06-176380758
Net assets as of the beginning of the plan year2025-06-175059301
Employer contributions to plan in this plan year2025-06-17176902
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-177751
2024 : MACTECH, INC.SAVINGS AND RETIREMENT PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-08-07445969
Net assets as of the end of the plan year2024-08-075059301
Total assets as of the beginning of the plan year2024-08-074105716
Value of plan covered by a fidelity bond2024-08-07500000
Participant contributions to plan in this plan year2024-08-07374622
Value of participant loans at end of plan year2024-08-0783518
Other contributions to plan in this plan year2024-08-07164481
Other income to plan in this plan year2024-08-07701611
Plan net income in this plan year2024-08-07953585
Net assets as of the end of the plan year2024-08-075059301
Net assets as of the beginning of the plan year2024-08-074105716
Employer contributions to plan in this plan year2024-08-07158840
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-078043
2022 : MACTECH, INC.SAVINGS AND RETIREMENT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-421,182
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,049,975
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,040,614
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$519,333
Value of total assets at end of year2022-12-31$4,105,716
Value of total assets at beginning of year2022-12-31$5,576,873
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$9,361
Total interest from all sources2022-12-31$2,045
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$308,908
Participant contributions at end of year2022-12-31$48,737
Participant contributions at beginning of year2022-12-31$42,815
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$79,021
Other income not declared elsewhere2022-12-31$-1,274
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,471,157
Value of net assets at end of year (total assets less liabilities)2022-12-31$4,105,716
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$5,576,873
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$4,041,161
Value of interest in pooled separate accounts at beginning of year2022-12-31$5,517,404
Interest on participant loans2022-12-31$1,904
Interest earned on other investments2022-12-31$141
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$15,818
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$16,654
Net investment gain/loss from pooled separate accounts2022-12-31$-941,286
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$131,404
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,040,614
Contract administrator fees2022-12-31$9,361
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Qualified
Accountancy firm name2022-12-31JAMES M. MOYNA
Accountancy firm EIN2022-12-31472940358
Total transfers to/from plan in this plan year2022-03-290
Total liabilities as of the end of the plan year2022-03-290
Total liabilities as of the beginning of the plan year2022-03-290
Total expenses incurred by plan in this plan year2022-03-2963861
Net assets as of the end of the plan year2022-03-295576873
Total assets as of the beginning of the plan year2022-03-294447712
Value of plan covered by a fidelity bond2022-03-29500000
Participant contributions to plan in this plan year2022-03-29280864
Value of participant loans at end of plan year2022-03-2942815
Other expenses paid from plan in this plan year2022-03-290
Other contributions to plan in this plan year2022-03-2986164
Other income to plan in this plan year2022-03-29789863
Plan net income in this plan year2022-03-291129161
Net assets as of the end of the plan year2022-03-295576873
Net assets as of the beginning of the plan year2022-03-294447712
Employer contributions to plan in this plan year2022-03-2936131
Expensese paid to adminstrative service provicers from plan in this plan year2022-03-298299
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$-421,182
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$1,049,975
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$1,040,614
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$519,333
Value of total assets at end of year2022-01-01$4,105,716
Value of total assets at beginning of year2022-01-01$5,576,873
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$9,361
Total interest from all sources2022-01-01$2,045
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$500,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$308,908
Participant contributions at end of year2022-01-01$48,737
Participant contributions at beginning of year2022-01-01$42,815
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$79,021
Other income not declared elsewhere2022-01-01$-1,274
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-1,471,157
Value of net assets at end of year (total assets less liabilities)2022-01-01$4,105,716
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$5,576,873
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in pooled separate accounts at end of year2022-01-01$4,041,161
Value of interest in pooled separate accounts at beginning of year2022-01-01$5,517,404
Interest on participant loans2022-01-01$1,904
Interest earned on other investments2022-01-01$141
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-01-01$15,818
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-01-01$16,654
Net investment gain/loss from pooled separate accounts2022-01-01$-941,286
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$131,404
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$1,040,614
Contract administrator fees2022-01-01$9,361
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-012
Accountancy firm name2022-01-01JAMES M. MOYNA
Accountancy firm EIN2022-01-01472940358

Form 5500 Responses for MACTECH, INC.SAVINGS AND RETIREMENT PLAN

2022: MACTECH, INC.SAVINGS AND RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
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 – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number413342
Policy instance 1
Insurance contract or identification number413342
Number of Individuals Covered89
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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