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MGM INDUSTRIES, INC. 401(K) PLAN 401k Plan overview

Plan NameMGM INDUSTRIES, INC. 401(K) PLAN
Plan identification number 001

MGM INDUSTRIES, INC. 401(K) 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.
  • 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

MGM INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:MGM INDUSTRIES, INC.
Employer identification number (EIN):465531410
NAIC Classification:236110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MGM INDUSTRIES, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01MICHAEL MEINZINGER
0012017-01-01MICHAEL MEINZINGER
0012016-01-01MICHEL MEINZINGER
0012015-01-01MICHEL MEINZINGER
0012014-04-30MICHEL MEINZINGER

Plan Statistics for MGM INDUSTRIES, INC. 401(K) PLAN

401k plan membership statisitcs for MGM INDUSTRIES, INC. 401(K) PLAN

Measure Date Value
2023: MGM INDUSTRIES, INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0131
Total number of active participants reported on line 7a of the Form 55002023-01-0143
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-0143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0143
Number of participants with account balances2023-01-011
2022: MGM INDUSTRIES, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0110
Total number of active participants reported on line 7a of the Form 55002022-01-0110
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0110
Number of participants with account balances2022-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: MGM INDUSTRIES, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-019
Total number of active participants reported on line 7a of the Form 55002021-01-0110
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0110
Number of participants with account balances2021-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: MGM INDUSTRIES, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-017
Total number of active participants reported on line 7a of the Form 55002020-01-018
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-018
Number of participants with account balances2020-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: MGM INDUSTRIES, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-013
Total number of active participants reported on line 7a of the Form 55002019-01-017
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-017
Number of participants with account balances2019-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: MGM INDUSTRIES, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-013
Total number of active participants reported on line 7a of the Form 55002018-01-013
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-013
Number of participants with account balances2018-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: MGM INDUSTRIES, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-012
Total number of active participants reported on line 7a of the Form 55002017-01-013
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-013
Number of participants with account balances2017-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: MGM INDUSTRIES, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-011
Total number of active participants reported on line 7a of the Form 55002016-01-012
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-012
Number of participants with account balances2016-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: MGM INDUSTRIES, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-011
Total number of active participants reported on line 7a of the Form 55002015-01-011
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-011
Number of participants with account balances2015-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: MGM INDUSTRIES, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-04-300
Total number of active participants reported on line 7a of the Form 55002014-04-301
Number of retired or separated participants receiving benefits2014-04-300
Number of other retired or separated participants entitled to future benefits2014-04-300
Total of all active and inactive participants2014-04-301
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-04-300
Total participants2014-04-301
Number of participants with account balances2014-04-301
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-04-300

Financial Data on MGM INDUSTRIES, INC. 401(K) PLAN

Measure Date Value
2023 : MGM INDUSTRIES, INC. 401(K) PLAN 2023 401k financial data
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$-261,844
Expenses. Total of all expenses incurred2023-12-31$344
Benefits paid (including direct rollovers)2023-12-31$0
Total plan assets at end of year2023-12-31$67,061
Total plan assets at beginning of year2023-12-31$329,249
Total contributions received or receivable from participants2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$-261,844
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$-262,188
Net plan assets at end of year (total assets less liabilities)2023-12-31$67,061
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$329,249
Assets. Value of employer securities2023-12-31$29,502
Total contributions received or receivable from employer(s)2023-12-31$0
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$344
2022 : MGM INDUSTRIES, INC. 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total income from all sources2022-12-31$-5,983
Expenses. Total of all expenses incurred2022-12-31$343
Benefits paid (including direct rollovers)2022-12-31$0
Total plan assets at end of year2022-12-31$329,249
Total plan assets at beginning of year2022-12-31$335,575
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-5,983
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-6,326
Net plan assets at end of year (total assets less liabilities)2022-12-31$329,249
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$335,575
Assets. Value of employer securities2022-12-31$295,020
Total contributions received or receivable from employer(s)2022-12-31$0
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$343
2021 : MGM INDUSTRIES, INC. 401(K) PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$4,052
Expenses. Total of all expenses incurred2021-12-31$368
Benefits paid (including direct rollovers)2021-12-31$0
Total plan assets at end of year2021-12-31$335,575
Total plan assets at beginning of year2021-12-31$331,891
Total contributions received or receivable from participants2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$368
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$4,052
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$3,684
Net plan assets at end of year (total assets less liabilities)2021-12-31$335,575
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$331,891
Assets. Value of employer securities2021-12-31$295,020
Total contributions received or receivable from employer(s)2021-12-31$0
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$0
2020 : MGM INDUSTRIES, INC. 401(K) PLAN 2020 401k financial data
Total income from all sources2020-12-31$5,535
Expenses. Total of all expenses incurred2020-12-31$298
Total plan assets at end of year2020-12-31$331,891
Total plan assets at beginning of year2020-12-31$326,654
Expenses. Other expenses not covered elsewhere2020-12-31$298
Other income received2020-12-31$5,535
Net income (gross income less expenses)2020-12-31$5,237
Net plan assets at end of year (total assets less liabilities)2020-12-31$331,891
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$326,654
Assets. Value of employer securities2020-12-31$295,020
2019 : MGM INDUSTRIES, INC. 401(K) PLAN 2019 401k financial data
Total income from all sources2019-12-31$3,472
Expenses. Total of all expenses incurred2019-12-31$285
Total plan assets at end of year2019-12-31$326,654
Total plan assets at beginning of year2019-12-31$323,467
Other income received2019-12-31$3,472
Net income (gross income less expenses)2019-12-31$3,187
Net plan assets at end of year (total assets less liabilities)2019-12-31$326,654
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$323,467
Assets. Value of employer securities2019-12-31$295,020
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$285
2018 : MGM INDUSTRIES, INC. 401(K) PLAN 2018 401k financial data
Total income from all sources2018-12-31$-2,421
Expenses. Total of all expenses incurred2018-12-31$302
Total plan assets at end of year2018-12-31$323,467
Total plan assets at beginning of year2018-12-31$326,190
Other income received2018-12-31$-2,421
Net income (gross income less expenses)2018-12-31$-2,723
Net plan assets at end of year (total assets less liabilities)2018-12-31$323,467
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$326,190
Assets. Value of employer securities2018-12-31$295,020
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$302
2017 : MGM INDUSTRIES, INC. 401(K) PLAN 2017 401k financial data
Total income from all sources2017-12-31$2,981
Expenses. Total of all expenses incurred2017-12-31$283
Total plan assets at end of year2017-12-31$326,190
Total plan assets at beginning of year2017-12-31$323,492
Expenses. Other expenses not covered elsewhere2017-12-31$283
Other income received2017-12-31$2,981
Net income (gross income less expenses)2017-12-31$2,698
Net plan assets at end of year (total assets less liabilities)2017-12-31$326,190
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$323,492
Assets. Value of employer securities2017-12-31$295,020
2016 : MGM INDUSTRIES, INC. 401(K) PLAN 2016 401k financial data
Total income from all sources2016-12-31$1,613
Expenses. Total of all expenses incurred2016-12-31$1,701
Total plan assets at end of year2016-12-31$323,492
Total plan assets at beginning of year2016-12-31$323,580
Other income received2016-12-31$1,613
Net income (gross income less expenses)2016-12-31$-88
Net plan assets at end of year (total assets less liabilities)2016-12-31$323,492
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$323,580
Assets. Value of employer securities2016-12-31$295,020
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$1,701
2015 : MGM INDUSTRIES, INC. 401(K) PLAN 2015 401k financial data
Total income from all sources2015-12-31$-4,337
Expenses. Total of all expenses incurred2015-12-31$1,244
Total plan assets at end of year2015-12-31$323,580
Total plan assets at beginning of year2015-12-31$329,161
Other income received2015-12-31$-4,337
Net income (gross income less expenses)2015-12-31$-5,581
Net plan assets at end of year (total assets less liabilities)2015-12-31$323,580
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$329,161
Assets. Value of employer securities2015-12-31$225,020
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$1,244
2014 : MGM INDUSTRIES, INC. 401(K) PLAN 2014 401k financial data
Total income from all sources2014-12-31$329,364
Expenses. Total of all expenses incurred2014-12-31$203
Total plan assets at end of year2014-12-31$329,161
Total plan assets at beginning of year2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$324,107
Other income received2014-12-31$5,257
Net income (gross income less expenses)2014-12-31$329,161
Net plan assets at end of year (total assets less liabilities)2014-12-31$329,161
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$0
Assets. Value of employer securities2014-12-31$170,020
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$203

Form 5500 Responses for MGM INDUSTRIES, INC. 401(K) PLAN

2023: MGM INDUSTRIES, INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: MGM INDUSTRIES, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MGM INDUSTRIES, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MGM INDUSTRIES, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MGM INDUSTRIES, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MGM INDUSTRIES, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: MGM INDUSTRIES, INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MGM INDUSTRIES, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: MGM INDUSTRIES, INC. 401(K) 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 filingNo
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 – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: MGM INDUSTRIES, INC. 401(K) PLAN 2014 form 5500 responses
2014-04-30Type of plan entitySingle employer plan
2014-04-30First time form 5500 has been submittedYes
2014-04-30Submission has been amendedNo
2014-04-30This submission is the final filingNo
2014-04-30This return/report is a short plan year return/report (less than 12 months)Yes
2014-04-30Plan is a collectively bargained planNo
2014-04-30Plan funding arrangement – TrustYes
2014-04-30Plan benefit arrangement - TrustYes

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