401k Plan data: MGC ENTERPRISES, LLC 401(K) P/S PLAN plan

MGC ENTERPRISES, LLC 401(K) P/S PLAN 401k Plan overview

Plan Name	MGC ENTERPRISES, LLC 401(K) P/S PLAN
Plan identification number	001

MGC ENTERPRISES, LLC 401(K) P/S PLAN Benefits

401k Plan Type

Defined 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.
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

MGC ENTERPRISES, LLC has sponsored the creation of one or more 401k plans.

Company Name: MGC ENTERPRISES, LLC

Employer identification number (EIN): 541613496

NAIC Classification: 541990
NAIC Description: All Other Professional, Scientific, and Technical Services

Additional information about MGC ENTERPRISES, LLC

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 2003-03-27

Company Identification Number: S094221

Legal Registered Office Address: 1108 MADISON PLAZA #202

CHESAPEAKE
United States of America (USA)
23320

More information about MGC ENTERPRISES, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MGC ENTERPRISES, LLC 401(K) P/S PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 TARA EVANS, FOR TAG RESOURCES 2023-07-28
001 2014-01-01 PHIL TISUE
001 2014-01-01 PHIL TISUE
001 2014-01-01 PHIL TISUE
001 2013-01-01 MICHAEL CUSTER
001 2012-01-01 GAYE CUSTER
001 2011-01-01 GAYE CUSTER
001 2010-01-01 GAYE CUSTER 2011-04-27

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2023-01-01	TARA EVANS, FOR TAG RESOURCES	2023-07-28
001	2014-01-01	PHIL TISUE
001	2014-01-01	PHIL TISUE
001	2014-01-01	PHIL TISUE
001	2013-01-01	MICHAEL CUSTER
001	2012-01-01	GAYE CUSTER
001	2011-01-01	GAYE CUSTER
001	2010-01-01	GAYE CUSTER	2011-04-27

Plan Statistics for MGC ENTERPRISES, LLC 401(K) P/S PLAN

401k plan membership statisitcs for MGC ENTERPRISES, LLC 401(K) P/S PLAN

Measure Date Value
2014: MGC ENTERPRISES, LLC 401(K) P/S PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 117
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 0
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 0
Total of all active and inactive participants 2014-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 0
Number of participants with account balances 2014-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: MGC ENTERPRISES, LLC 401(K) P/S PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 127
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 104
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 13
Total of all active and inactive participants 2013-01-01 117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 117
Number of participants with account balances 2013-01-01 25
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: MGC ENTERPRISES, LLC 401(K) P/S PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 118
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 87
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 11
Total of all active and inactive participants 2012-01-01 98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 98
Number of participants with account balances 2012-01-01 28
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: MGC ENTERPRISES, LLC 401(K) P/S PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 109
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 87
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 10
Total of all active and inactive participants 2011-01-01 97
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 97
Number of participants with account balances 2011-01-01 26

Measure	Date	Value
2014: MGC ENTERPRISES, LLC 401(K) P/S PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	117
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	0
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	0
Total of all active and inactive participants	2014-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	0
Number of participants with account balances	2014-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: MGC ENTERPRISES, LLC 401(K) P/S PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	127
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	104
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	13
Total of all active and inactive participants	2013-01-01	117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	117
Number of participants with account balances	2013-01-01	25
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: MGC ENTERPRISES, LLC 401(K) P/S PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	118
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	87
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	11
Total of all active and inactive participants	2012-01-01	98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	98
Number of participants with account balances	2012-01-01	28
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: MGC ENTERPRISES, LLC 401(K) P/S PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	109
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	87
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	10
Total of all active and inactive participants	2011-01-01	97
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	97
Number of participants with account balances	2011-01-01	26

Financial Data on MGC ENTERPRISES, LLC 401(K) P/S PLAN

Measure	Date	Value
2014 : MGC ENTERPRISES, LLC 401(K) P/S PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets	2014-03-24	$0
Total transfer of assets from this plan	2014-03-24	$1,161,579
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-03-24	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-03-24	$0
Total income from all sources (including contributions)	2014-03-24	$22,927
Total loss/gain on sale of assets	2014-03-24	$0
Total of all expenses incurred	2014-03-24	$0
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-03-24	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-03-24	$14,134
Value of total assets at end of year	2014-03-24	$0
Value of total assets at beginning of year	2014-03-24	$1,138,652
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-03-24	$0
Total interest from all sources	2014-03-24	$175
Total dividends received (eg from common stock, registered investment company shares)	2014-03-24	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-03-24	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2014-03-24	$0
Was this plan covered by a fidelity bond	2014-03-24	Yes
Value of fidelity bond cover	2014-03-24	$25,000
If this is an individual account plan, was there a blackout period	2014-03-24	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-03-24	$0
Were there any nonexempt tranactions with any party-in-interest	2014-03-24	No
Contributions received from participants	2014-03-24	$9,814
Participant contributions at end of year	2014-03-24	$0
Participant contributions at beginning of year	2014-03-24	$11,673
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-03-24	No
Value of net income/loss	2014-03-24	$22,927
Value of net assets at end of year (total assets less liabilities)	2014-03-24	$0
Value of net assets at beginning of year (total assets less liabilities)	2014-03-24	$1,138,652
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-03-24	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-03-24	No
Were any leases to which the plan was party in default or uncollectible	2014-03-24	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-03-24	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-03-24	$1,099,728
Interest on participant loans	2014-03-24	$175
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2014-03-24	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2014-03-24	$27,251
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2014-03-24	$27,251
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-03-24	$7,895
Net investment gain/loss from pooled separate accounts	2014-03-24	$8,618
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-03-24	No
Was there a failure to transmit to the plan any participant contributions	2014-03-24	No
Has the plan failed to provide any benefit when due under the plan	2014-03-24	No
Contributions received in cash from employer	2014-03-24	$4,320
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2014-03-24	Yes
Did the plan have assets held for investment	2014-03-24	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-03-24	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-03-24	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-03-24	Yes
Opinion of an independent qualified public accountant for this plan	2014-03-24	Disclaimer
Accountancy firm name	2014-03-24	COULTER & JUSTUS
Accountancy firm EIN	2014-03-24	621532536
2013 : MGC ENTERPRISES, LLC 401(K) P/S PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets	2013-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total income from all sources (including contributions)	2013-12-31	$338,139
Total loss/gain on sale of assets	2013-12-31	$0
Total of all expenses incurred	2013-12-31	$30,361
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$30,704
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$66,179
Value of total assets at end of year	2013-12-31	$1,138,652
Value of total assets at beginning of year	2013-12-31	$830,874
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$-343
Total interest from all sources	2013-12-31	$409
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2013-12-31	$0
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$25,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$45,332
Participant contributions at end of year	2013-12-31	$11,673
Participant contributions at beginning of year	2013-12-31	$9,441
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$307,778
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$1,138,652
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$830,874
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-12-31	$1,099,728
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$790,517
Interest on participant loans	2013-12-31	$402
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-12-31	$27,251
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-12-31	$30,916
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-12-31	$30,916
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-12-31	$7
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$271,551
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Contributions received in cash from employer	2013-12-31	$20,847
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$30,704
Contract administrator fees	2013-12-31	$-343
Did the plan have assets held for investment	2013-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	COULTER & JUSTUS
Accountancy firm EIN	2013-12-31	621532536
2012 : MGC ENTERPRISES, LLC 401(K) P/S PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$181,507
Expenses. Total of all expenses incurred	2012-12-31	$2,503
Benefits paid (including direct rollovers)	2012-12-31	$1,887
Total plan assets at end of year	2012-12-31	$830,874
Total plan assets at beginning of year	2012-12-31	$651,870
Value of fidelity bond covering the plan	2012-12-31	$25,000
Total contributions received or receivable from participants	2012-12-31	$64,241
Other income received	2012-12-31	$91,747
Net income (gross income less expenses)	2012-12-31	$179,004
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$830,874
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$651,870
Assets. Value of participant loans	2012-12-31	$9,441
Total contributions received or receivable from employer(s)	2012-12-31	$25,519
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$616
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : MGC ENTERPRISES, LLC 401(K) P/S PLAN 2011 401k financial data
Total plan liabilities at beginning of year	2011-12-31	$0
Total income from all sources	2011-12-31	$30,219
Expenses. Total of all expenses incurred	2011-12-31	$11,761
Benefits paid (including direct rollovers)	2011-12-31	$11,761
Total plan assets at end of year	2011-12-31	$651,870
Total plan assets at beginning of year	2011-12-31	$633,412
Value of fidelity bond covering the plan	2011-12-31	$25,000
Total contributions received or receivable from participants	2011-12-31	$47,459
Other income received	2011-12-31	$-36,632
Net income (gross income less expenses)	2011-12-31	$18,458
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$651,870
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$633,412
Assets. Value of participant loans	2011-12-31	$10,736
Total contributions received or receivable from employer(s)	2011-12-31	$19,392
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0

Form 5500 Responses for MGC ENTERPRISES, LLC 401(K) P/S PLAN

2014: MGC ENTERPRISES, LLC 401(K) P/S PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	Yes
2014-01-01	This submission is the final filing	Yes
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: MGC ENTERPRISES, LLC 401(K) P/S PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	Yes
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: MGC ENTERPRISES, LLC 401(K) P/S PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: MGC ENTERPRISES, LLC 401(K) P/S PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes

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See full terms and conditions

Company Name:	MGC ENTERPRISES, LLC
Employer identification number (EIN):	541613496
NAIC Classification:	541990
NAIC Description:	All Other Professional, Scientific, and Technical Services

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	2003-03-27
Company Identification Number:	S094221
Legal Registered Office Address:	1108 MADISON PLAZA #202 CHESAPEAKE United States of America (USA) 23320