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MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN 401k Plan overview

Plan NameMIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN
Plan identification number 001

MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT 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
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Plan covering Self-Employed individuals.
  • 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

MHS DISTRIBUTING, LLC has sponsored the creation of one or more 401k plans.

Company Name:MHS DISTRIBUTING, LLC
Employer identification number (EIN):431915773
NAIC Classification:423920
NAIC Description:Toy and Hobby Goods and Supplies Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01
0012014-01-01LISA K. WAIT
0012013-01-01LISA K. WAIT
0012012-01-01LISA K. WAIT
0012011-01-01LISA K. WAIT
0012010-01-01LISA K. WAIT
0012009-01-01LISA K. WAIT

Financial Data on MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN

Measure Date Value
2015 : MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN 2015 401k financial data
Total income from all sources2015-12-31$7,342
Expenses. Total of all expenses incurred2015-12-31$1,826,464
Benefits paid (including direct rollovers)2015-12-31$1,817,153
Total plan assets at end of year2015-12-31$0
Total plan assets at beginning of year2015-12-31$1,819,122
Value of fidelity bond covering the plan2015-12-31$610,000
Assets. Value of loans (other than to participants)2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$9,311
Other income received2015-12-31$6,954
Net income (gross income less expenses)2015-12-31$-1,819,122
Net plan assets at end of year (total assets less liabilities)2015-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,819,122
Total contributions received or receivable from employer(s)2015-12-31$388
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$1,100,000
2014 : MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN 2014 401k financial data
Total income from all sources2014-12-31$50,177
Expenses. Total of all expenses incurred2014-12-31$167,058
Benefits paid (including direct rollovers)2014-12-31$160,397
Total plan assets at end of year2014-12-31$1,819,122
Total plan assets at beginning of year2014-12-31$1,936,003
Value of fidelity bond covering the plan2014-12-31$610,000
Assets. Value of loans (other than to participants)2014-12-31$500,000
Expenses. Other expenses not covered elsewhere2014-12-31$6,661
Other income received2014-12-31$48,857
Net income (gross income less expenses)2014-12-31$-116,881
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,819,122
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,936,003
Total contributions received or receivable from employer(s)2014-12-31$1,320
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN 2013 401k financial data
Total income from all sources2013-12-31$321,390
Expenses. Total of all expenses incurred2013-12-31$15,217
Benefits paid (including direct rollovers)2013-12-31$9,866
Total plan assets at end of year2013-12-31$1,936,003
Total plan assets at beginning of year2013-12-31$1,629,830
Value of fidelity bond covering the plan2013-12-31$610,000
Total contributions received or receivable from participants2013-12-31$59,035
Assets. Value of loans (other than to participants)2013-12-31$500,000
Expenses. Other expenses not covered elsewhere2013-12-31$5,351
Other income received2013-12-31$176,186
Net income (gross income less expenses)2013-12-31$306,173
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,936,003
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,629,830
Total contributions received or receivable from employer(s)2013-12-31$86,169
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN 2012 401k financial data
Total income from all sources2012-12-31$278,741
Expenses. Total of all expenses incurred2012-12-31$6,442
Benefits paid (including direct rollovers)2012-12-31$2,372
Total plan assets at end of year2012-12-31$1,629,830
Total plan assets at beginning of year2012-12-31$1,357,531
Value of fidelity bond covering the plan2012-12-31$580,000
Total contributions received or receivable from participants2012-12-31$61,168
Assets. Value of loans (other than to participants)2012-12-31$500,000
Expenses. Other expenses not covered elsewhere2012-12-31$4,070
Other income received2012-12-31$130,268
Net income (gross income less expenses)2012-12-31$272,299
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,629,830
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,357,531
Total contributions received or receivable from employer(s)2012-12-31$87,305
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN 2011 401k financial data
Total income from all sources2011-12-31$143,201
Expenses. Total of all expenses incurred2011-12-31$6,826
Benefits paid (including direct rollovers)2011-12-31$3,432
Total plan assets at end of year2011-12-31$1,357,531
Total plan assets at beginning of year2011-12-31$1,221,156
Value of fidelity bond covering the plan2011-12-31$580,000
Total contributions received or receivable from participants2011-12-31$51,613
Assets. Value of loans (other than to participants)2011-12-31$500,000
Expenses. Other expenses not covered elsewhere2011-12-31$3,394
Other income received2011-12-31$14,922
Net income (gross income less expenses)2011-12-31$136,375
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,357,531
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,221,156
Total contributions received or receivable from employer(s)2011-12-31$76,666
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN 2010 401k financial data
Total income from all sources2010-12-31$249,751
Expenses. Total of all expenses incurred2010-12-31$770
Total plan assets at end of year2010-12-31$1,221,156
Total plan assets at beginning of year2010-12-31$972,175
Value of fidelity bond covering the plan2010-12-31$550,000
Total contributions received or receivable from participants2010-12-31$42,733
Assets. Value of loans (other than to participants)2010-12-31$500,000
Expenses. Other expenses not covered elsewhere2010-12-31$770
Other income received2010-12-31$132,893
Net income (gross income less expenses)2010-12-31$248,981
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,221,156
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$972,175
Total contributions received or receivable from employer(s)2010-12-31$74,125

Form 5500 Responses for MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN

2015: MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingYes
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: MIDLAND HOBBY SUPPLIES, INC. PROFIT SHARING RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number630647
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number630647
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number630647
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number630647
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number630647
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number630647
Policy instance 1

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