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MBS CONNECTION, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameMBS CONNECTION, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

MBS CONNECTION, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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.

401k Sponsoring company profile

MBS CONNECTION, INC. has sponsored the creation of one or more 401k plans.

Company Name:MBS CONNECTION, INC.
Employer identification number (EIN):473879890
NAIC Classification:621610
NAIC Description:Home Health Care Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MBS CONNECTION, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01PHILIP D'ANGELO
0012015-04-30PHILIP D'ANGELO

Plan Statistics for MBS CONNECTION, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for MBS CONNECTION, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2016: MBS CONNECTION, INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-011
Total number of active participants reported on line 7a of the Form 55002016-01-011
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 participants2016-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-011
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: MBS CONNECTION, INC. 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-04-301
Total number of active participants reported on line 7a of the Form 55002015-04-301
Number of retired or separated participants receiving benefits2015-04-300
Number of other retired or separated participants entitled to future benefits2015-04-300
Total of all active and inactive participants2015-04-301
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-04-300
Total participants2015-04-301
Number of participants with account balances2015-04-301
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-04-300

Financial Data on MBS CONNECTION, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2016 : MBS CONNECTION, INC. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$-207,855
Expenses. Total of all expenses incurred2016-12-31$80
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$29,917
Total plan assets at beginning of year2016-12-31$237,852
Total contributions received or receivable from participants2016-12-31$0
Expenses. Other expenses not covered elsewhere2016-12-31$80
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$-207,855
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$-207,935
Net plan assets at end of year (total assets less liabilities)2016-12-31$29,917
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$237,852
Assets. Value of employer securities2016-12-31$14,730
Total contributions received or receivable from employer(s)2016-12-31$0
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0
2015 : MBS CONNECTION, INC. 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$237,932
Expenses. Total of all expenses incurred2015-12-31$80
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$237,852
Total plan assets at beginning of year2015-12-31$0
Total contributions received or receivable from participants2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$80
Contributions received from other sources (not participants or employers)2015-12-31$239,515
Other income received2015-12-31$-1,583
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$237,852
Net plan assets at end of year (total assets less liabilities)2015-12-31$237,852
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$0
Assets. Value of employer securities2015-12-31$205,000
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0

Form 5500 Responses for MBS CONNECTION, INC. 401(K) PROFIT SHARING PLAN

2016: MBS CONNECTION, INC. 401(K) PROFIT SHARING 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: MBS CONNECTION, INC. 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-04-30Type of plan entitySingle employer plan
2015-04-30First time form 5500 has been submittedYes
2015-04-30Submission has been amendedNo
2015-04-30This submission is the final filingNo
2015-04-30This return/report is a short plan year return/report (less than 12 months)Yes
2015-04-30Plan is a collectively bargained planNo
2015-04-30Plan funding arrangement – TrustYes
2015-04-30Plan benefit arrangement - TrustYes

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