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METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR PLAN 401k Plan overview

Plan NameMETROPOLITAN LAUNDRY MACHINERY SAFE HARBOR PLAN
Plan identification number 001

METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.

401k Sponsoring company profile

METROPOLITAN LAUNDRY MACHINERY SALE has sponsored the creation of one or more 401k plans.

Company Name:METROPOLITAN LAUNDRY MACHINERY SALE
Employer identification number (EIN):461433913
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01RAMONA NAPOLITANO2023-04-25
0012021-01-01RAMONA NAPOLITANO2022-07-05
0012020-01-01RAMONA NAPOLITANO2021-06-28
0012019-01-01RAMONA NAPOLITANO2020-06-10 MARC KATZMAN2020-06-10
0012018-01-01RAMONA NAPOLITANO2019-07-09
0012017-01-01RAMONA NAPOLITANO2018-06-29 MARC KATZMAN2018-06-29
0012016-01-01RAMONA NAPOLITANO2017-06-22 MARC KATZMAN2017-06-22
0012015-01-01RAMONA NAPOLITANO2016-06-06 MARC KATZMAN2016-06-06
0012014-01-01RAMONA NAPOLITANO MARC KATZMAN2015-06-15
0012013-01-01RAMONA NAPOLITANO
0012012-01-01RAMONA NAPOLITANO RAMONA NAPOLITANO2013-07-03

Plan Statistics for METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR PLAN

401k plan membership statisitcs for METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR PLAN

Measure Date Value
2014: METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0118
Total number of active participants reported on line 7a of the Form 55002014-01-0117
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-012
Total of all active and inactive participants2014-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0119
Number of participants with account balances2014-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0119
Total number of active participants reported on line 7a of the Form 55002013-01-0116
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-011
Total of all active and inactive participants2013-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0117
Number of participants with account balances2013-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0116
Total number of active participants reported on line 7a of the Form 55002012-01-0118
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0119
Number of participants with account balances2012-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR PLAN

Measure Date Value
2014 : METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$46
Total income from all sources2014-12-31$302,537
Expenses. Total of all expenses incurred2014-12-31$47,011
Benefits paid (including direct rollovers)2014-12-31$46,871
Total plan assets at end of year2014-12-31$2,198,999
Total plan assets at beginning of year2014-12-31$1,943,427
Value of fidelity bond covering the plan2014-12-31$25,000
Total contributions received or receivable from participants2014-12-31$127,683
Expenses. Other expenses not covered elsewhere2014-12-31$140
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$128,301
Net income (gross income less expenses)2014-12-31$255,526
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,198,999
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,943,427
Assets. Value of participant loans2014-12-31$2,689
Total contributions received or receivable from employer(s)2014-12-31$46,553
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Funding deficiency by the employer to the plan for this plan year2014-12-31$0
Minimum employer required contribution for this plan year2014-12-31$0
Amount contributed by the employer to the plan for this plan year2014-12-31$0
2013 : METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total income from all sources2013-12-31$527,393
Expenses. Total of all expenses incurred2013-12-31$357,798
Benefits paid (including direct rollovers)2013-12-31$357,728
Total plan assets at end of year2013-12-31$1,943,427
Total plan assets at beginning of year2013-12-31$1,773,832
Value of fidelity bond covering the plan2013-12-31$25,000
Total contributions received or receivable from participants2013-12-31$130,507
Expenses. Other expenses not covered elsewhere2013-12-31$70
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$346,540
Net income (gross income less expenses)2013-12-31$169,595
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,943,427
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,773,832
Assets. Value of participant loans2013-12-31$0
Total contributions received or receivable from employer(s)2013-12-31$50,346
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Funding deficiency by the employer to the plan for this plan year2013-12-31$0
Minimum employer required contribution for this plan year2013-12-31$0
Amount contributed by the employer to the plan for this plan year2013-12-31$0
2012 : METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total income from all sources2012-12-31$383,295
Expenses. Total of all expenses incurred2012-12-31$330,096
Benefits paid (including direct rollovers)2012-12-31$329,956
Total plan assets at end of year2012-12-31$1,773,832
Total plan assets at beginning of year2012-12-31$1,720,635
Value of fidelity bond covering the plan2012-12-31$25,000
Total contributions received or receivable from participants2012-12-31$138,297
Expenses. Other expenses not covered elsewhere2012-12-31$140
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$198,384
Net income (gross income less expenses)2012-12-31$53,199
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,773,832
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,720,635
Assets. Value of participant loans2012-12-31$19,949
Total contributions received or receivable from employer(s)2012-12-31$46,614
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0

Form 5500 Responses for METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR PLAN

2014: METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR 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 – InsuranceYes
2013: METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedYes
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 – InsuranceYes
2012: METROPOLITAN LAUNDRY MACHINERY SAFE HARBOR 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 – InsuranceYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-017575
Policy instance 1
Insurance contract or identification numberGA-017575
Number of Individuals Covered17
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $7,943
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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 BrokerUSD $7,943
Insurance broker organization code?3
Insurance broker nameUBS FINANCIAL SERVICES
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-017575
Policy instance 1
Insurance contract or identification numberGA-017575
Number of Individuals Covered17
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $6,915
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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 BrokerUSD $6,915
Insurance broker organization code?3
Insurance broker nameUBS FINANCIAL SVCS INS AGCY
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-017575
Policy instance 1
Insurance contract or identification numberGA-017575
Number of Individuals Covered18
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $6,841
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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 BrokerUSD $6,841
Insurance broker organization code?3
Insurance broker nameUBS FINANCIAL SVCS INS AGCY

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