401k Plan data: MACHINE CENTER INC & OPTION COMPUTER CORP 401K PLAN plan

MACHINE CENTER INC & OPTION COMPUTER CORP 401K PLAN 401k Plan overview

Plan Name	MACHINE CENTER INC & OPTION COMPUTER CORP 401K PLAN
Plan identification number	002

MACHINE CENTER INC & OPTION COMPUTER CORP 401K 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.
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.
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

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

Company Name: MACHINE CENTER, INC.

Employer identification number (EIN): 430898894

NAIC Classification: 332700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MACHINE CENTER INC & OPTION COMPUTER CORP 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01
002 2017-01-01
002 2016-01-01
002 2015-01-01
002 2014-01-01 ASHLEY HOLDEN 2015-06-17
002 2013-01-01 ROSE RAJKOWSKI 2014-07-17
002 2012-01-01 NICK SUTHEIMER 2013-07-13
002 2011-01-01 NICK SUTHEIMER 2012-07-20
002 2010-01-01 MIKE BAHDE 2011-07-19

Plan Statistics for MACHINE CENTER INC & OPTION COMPUTER CORP 401K PLAN

401k plan membership statisitcs for MACHINE CENTER INC & OPTION COMPUTER CORP 401K PLAN

Measure Date Value
2017: MACHINE CENTER INC & OPTION COMPUTER CORP 401K PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 40
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 29
Number of retired or separated participants receiving benefits 2017-01-01 5
Number of other retired or separated participants entitled to future benefits 2017-01-01 6
Total of all active and inactive participants 2017-01-01 40
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 40
Number of participants with account balances 2017-01-01 40
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 5

Measure	Date	Value
2017: MACHINE CENTER INC & OPTION COMPUTER CORP 401K PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	40
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	29
Number of retired or separated participants receiving benefits	2017-01-01	5
Number of other retired or separated participants entitled to future benefits	2017-01-01	6
Total of all active and inactive participants	2017-01-01	40
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	40
Number of participants with account balances	2017-01-01	40
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	5

Financial Data on MACHINE CENTER INC & OPTION COMPUTER CORP 401K PLAN

Measure	Date	Value
2017 : MACHINE CENTER INC & OPTION COMPUTER CORP 401K PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$959,001
Expenses. Total of all expenses incurred	2017-12-31	$547,838
Benefits paid (including direct rollovers)	2017-12-31	$521,730
Total plan assets at end of year	2017-12-31	$4,179,463
Total plan assets at beginning of year	2017-12-31	$3,768,300
Value of fidelity bond covering the plan	2017-12-31	$377,000
Total contributions received or receivable from participants	2017-12-31	$182,667
Other income received	2017-12-31	$610,107
Net income (gross income less expenses)	2017-12-31	$411,163
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$4,179,463
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$3,768,300
Assets. Value of participant loans	2017-12-31	$40,592
Total contributions received or receivable from employer(s)	2017-12-31	$166,227
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$26,108
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 MACHINE CENTER INC & OPTION COMPUTER CORP 401K PLAN

2017: MACHINE CENTER INC & OPTION COMPUTER CORP 401K 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

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Company Name:	MACHINE CENTER, INC.
Employer identification number (EIN):	430898894
NAIC Classification:	332700

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2023-01-01
002	2022-01-01
002	2021-01-01
002	2020-01-01
002	2019-01-01
002	2018-01-01
002	2017-01-01
002	2016-01-01
002	2015-01-01
002	2014-01-01	ASHLEY HOLDEN	2015-06-17
002	2013-01-01	ROSE RAJKOWSKI	2014-07-17
002	2012-01-01	NICK SUTHEIMER	2013-07-13
002	2011-01-01	NICK SUTHEIMER	2012-07-20
002	2010-01-01	MIKE BAHDE	2011-07-19