401k Plan data: MGD TECHNOLOGIES, INC. CASH BALANCE PLAN plan

MGD TECHNOLOGIES, INC. CASH BALANCE PLAN 401k Plan overview

Plan Name	MGD TECHNOLOGIES, INC. CASH BALANCE PLAN
Plan identification number	001

MGD TECHNOLOGIES, INC. CASH BALANCE PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
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

MGD TECHNOLOGIES, INC. has sponsored the creation of one or more 401k plans.

Company Name: MGD TECHNOLOGIES, INC.

Employer identification number (EIN): 611414269

NAIC Classification: 332900

Additional information about MGD TECHNOLOGIES, INC.

Jurisdiction of Incorporation: Michigan Secretary of State

Incorporation Date: 0000-00-00

Company Identification Number: 32175C

Legal Registered Office Address: 33 MILE RD RICHMOND 48062

United States of America (USA)
26395

More information about MGD TECHNOLOGIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MGD TECHNOLOGIES, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 MICHAEL DERY 2024-09-18 MICHAEL DERY 2024-09-18
001 2022-01-01 MICHAEL DERY 2023-09-07 MICHAEL DERY 2023-09-07
001 2021-01-01 MICHAEL DERY 2022-06-10 MICHAEL DERY 2022-06-10
001 2020-01-01 MICHAEL DERY 2021-05-20 MICHAEL DERY 2021-05-20
001 2019-01-01 MICHAEL DERY 2020-08-18 MICHAEL DERY 2020-08-18
001 2018-01-01 MICHAEL DERY 2019-06-04 MICHAEL DERY 2019-06-04
001 2017-01-01 MICHAEL DERY 2018-07-26 MICHAEL DERY 2018-07-26
001 2016-01-01 MICHAEL DERY 2017-07-05 MICHAEL DERY 2017-07-05
001 2015-01-01 MICHAEL DERY 2016-09-06 MICHAEL DERY 2016-09-06
001 2014-01-01 MICHAEL DERY 2015-07-06 MICHAEL DERY 2015-07-06
001 2013-01-01 MICHAEL DERY 2014-06-18 MICHAEL DERY 2014-06-18

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01	MICHAEL DERY	2024-09-18	MICHAEL DERY	2024-09-18
001	2022-01-01	MICHAEL DERY	2023-09-07	MICHAEL DERY	2023-09-07
001	2021-01-01	MICHAEL DERY	2022-06-10	MICHAEL DERY	2022-06-10
001	2020-01-01	MICHAEL DERY	2021-05-20	MICHAEL DERY	2021-05-20
001	2019-01-01	MICHAEL DERY	2020-08-18	MICHAEL DERY	2020-08-18
001	2018-01-01	MICHAEL DERY	2019-06-04	MICHAEL DERY	2019-06-04
001	2017-01-01	MICHAEL DERY	2018-07-26	MICHAEL DERY	2018-07-26
001	2016-01-01	MICHAEL DERY	2017-07-05	MICHAEL DERY	2017-07-05
001	2015-01-01	MICHAEL DERY	2016-09-06	MICHAEL DERY	2016-09-06
001	2014-01-01	MICHAEL DERY	2015-07-06	MICHAEL DERY	2015-07-06
001	2013-01-01	MICHAEL DERY	2014-06-18	MICHAEL DERY	2014-06-18

Plan Statistics for MGD TECHNOLOGIES, INC. CASH BALANCE PLAN

401k plan membership statisitcs for MGD TECHNOLOGIES, INC. CASH BALANCE PLAN

Measure Date Value
2022: MGD TECHNOLOGIES, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets 2022-12-31 1,150,828
Acturial value of plan assets 2022-12-31 1,150,828
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 0
Number of terminated vested participants 2022-12-31 0
Fundng target for terminated vested participants 2022-12-31 0
Active participant vested funding target 2022-12-31 1,251,533
Number of active participants 2022-12-31 5
Total funding liabilities for active participants 2022-12-31 1,251,533
Total participant count 2022-12-31 5
Total funding target for all participants 2022-12-31 1,251,533
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 108,611
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 108,611
Present value of excess contributions 2022-12-31 45,951
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 45,951
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 45,951
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 166,531
Total employer contributions 2022-12-31 138,019
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 133,672
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 86,808
Net shortfall amortization installment of oustanding balance 2022-12-31 275,912
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 112,305
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 112,305
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 133,672
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: MGD TECHNOLOGIES, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets 2021-12-31 1,250,476
Acturial value of plan assets 2021-12-31 1,250,476
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 0
Number of terminated vested participants 2021-12-31 1
Fundng target for terminated vested participants 2021-12-31 1,662
Active participant vested funding target 2021-12-31 1,089,718
Number of active participants 2021-12-31 4
Total funding liabilities for active participants 2021-12-31 1,089,718
Total participant count 2021-12-31 5
Total funding target for all participants 2021-12-31 1,091,380
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 57,776
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 57,776
Present value of excess contributions 2021-12-31 45,000
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 45,000
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 45,000
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 108,611
Total employer contributions 2021-12-31 83,347
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 81,791
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 80,471
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 35,840
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 35,840
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 81,791
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: MGD TECHNOLOGIES, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets 2020-12-31 1,056,658
Acturial value of plan assets 2020-12-31 1,056,658
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 0
Number of terminated vested participants 2020-12-31 0
Fundng target for terminated vested participants 2020-12-31 0
Active participant vested funding target 2020-12-31 952,703
Number of active participants 2020-12-31 5
Total funding liabilities for active participants 2020-12-31 952,703
Total participant count 2020-12-31 5
Total funding target for all participants 2020-12-31 952,703
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 81,713
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 81,713
Present value of excess contributions 2020-12-31 1,451
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 1,451
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 1,451
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 38,454
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 57,776
Total employer contributions 2020-12-31 72,185
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 70,534
Liquidity shortfalls end of Q1 2020-12-31 0
Liquidity shortfalls end of Q2 2020-12-31 0
Liquidity shortfalls end of Q3 2020-12-31 0
Liquidity shortfalls end of Q4 2020-12-31 0
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 68,524
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 25,534
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 25,534
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 70,534
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: MGD TECHNOLOGIES, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets 2019-12-31 878,877
Acturial value of plan assets 2019-12-31 878,877
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 0
Fundng target for terminated vested participants 2019-12-31 0
Active participant vested funding target 2019-12-31 864,026
Number of active participants 2019-12-31 4
Total funding liabilities for active participants 2019-12-31 864,026
Total participant count 2019-12-31 4
Total funding target for all participants 2019-12-31 864,026
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 186,618
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 97,314
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 89,304
Present value of excess contributions 2019-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 81,713
Total employer contributions 2019-12-31 85,500
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 80,054
Liquidity shortfalls end of Q1 2019-12-31 0
Liquidity shortfalls end of Q2 2019-12-31 0
Liquidity shortfalls end of Q3 2019-12-31 0
Liquidity shortfalls end of Q4 2019-12-31 0
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 54,554
Net shortfall amortization installment of oustanding balance 2019-12-31 132,480
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 78,984
Additional cash requirement 2019-12-31 78,984
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 80,054
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: MGD TECHNOLOGIES, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets 2018-12-31 704,173
Acturial value of plan assets 2018-12-31 704,173
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 0
Fundng target for terminated vested participants 2018-12-31 0
Active participant vested funding target 2018-12-31 656,864
Number of active participants 2018-12-31 4
Total funding liabilities for active participants 2018-12-31 656,864
Total participant count 2018-12-31 4
Total funding target for all participants 2018-12-31 656,864
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 132,972
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 132,972
Present value of excess contributions 2018-12-31 33,381
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 33,381
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 33,381
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 186,618
Total employer contributions 2018-12-31 58,862
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 55,700
Liquidity shortfalls end of Q1 2018-12-31 0
Liquidity shortfalls end of Q2 2018-12-31 0
Liquidity shortfalls end of Q3 2018-12-31 0
Liquidity shortfalls end of Q4 2018-12-31 0
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 131,908
Net shortfall amortization installment of oustanding balance 2018-12-31 149,648
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 156,338
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 100,638
Additional cash requirement 2018-12-31 55,700
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 55,700
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: MGD TECHNOLOGIES, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets 2017-12-31 601,802
Acturial value of plan assets 2017-12-31 601,802
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 0
Fundng target for terminated vested participants 2017-12-31 0
Active participant vested funding target 2017-12-31 469,360
Number of active participants 2017-12-31 4
Total funding liabilities for active participants 2017-12-31 469,360
Total participant count 2017-12-31 4
Total funding target for all participants 2017-12-31 469,360
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 104,418
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 104,418
Present value of excess contributions 2017-12-31 25,766
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 25,766
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 25,766
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 132,972
Total employer contributions 2017-12-31 160,052
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 151,423
Liquidity shortfalls end of Q1 2017-12-31 0
Liquidity shortfalls end of Q2 2017-12-31 0
Liquidity shortfalls end of Q3 2017-12-31 0
Liquidity shortfalls end of Q4 2017-12-31 0
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 118,042
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 118,042
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 0
Additional cash requirement 2017-12-31 118,042
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 151,423
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: MGD TECHNOLOGIES, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets 2016-12-31 390,425
Acturial value of plan assets 2016-12-31 390,425
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 0
Fundng target for terminated vested participants 2016-12-31 0
Active participant vested funding target 2016-12-31 315,448
Number of active participants 2016-12-31 4
Total funding liabilities for active participants 2016-12-31 315,448
Total participant count 2016-12-31 4
Total funding target for all participants 2016-12-31 315,448
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 65,559
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 65,559
Present value of excess contributions 2016-12-31 41,114
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 41,114
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 41,114
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 104,418
Total employer contributions 2016-12-31 135,260
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 131,586
Liquidity shortfalls end of Q1 2016-12-31 0
Liquidity shortfalls end of Q2 2016-12-31 0
Liquidity shortfalls end of Q3 2016-12-31 0
Liquidity shortfalls end of Q4 2016-12-31 0
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 105,820
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Waived amount of outstanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 105,820
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 105,820
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 131,586
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2022: MGD TECHNOLOGIES, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets	2022-12-31	1,150,828
Acturial value of plan assets	2022-12-31	1,150,828
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	0
Fundng target for terminated vested participants	2022-12-31	0
Active participant vested funding target	2022-12-31	1,251,533
Number of active participants	2022-12-31	5
Total funding liabilities for active participants	2022-12-31	1,251,533
Total participant count	2022-12-31	5
Total funding target for all participants	2022-12-31	1,251,533
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	108,611
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	108,611
Present value of excess contributions	2022-12-31	45,951
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	45,951
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	45,951
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	166,531
Total employer contributions	2022-12-31	138,019
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	133,672
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	86,808
Net shortfall amortization installment of oustanding balance	2022-12-31	275,912
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	112,305
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	112,305
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	133,672
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: MGD TECHNOLOGIES, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets	2021-12-31	1,250,476
Acturial value of plan assets	2021-12-31	1,250,476
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	1
Fundng target for terminated vested participants	2021-12-31	1,662
Active participant vested funding target	2021-12-31	1,089,718
Number of active participants	2021-12-31	4
Total funding liabilities for active participants	2021-12-31	1,089,718
Total participant count	2021-12-31	5
Total funding target for all participants	2021-12-31	1,091,380
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	57,776
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	57,776
Present value of excess contributions	2021-12-31	45,000
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	45,000
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	45,000
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	108,611
Total employer contributions	2021-12-31	83,347
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	81,791
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	80,471
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	35,840
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	35,840
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	81,791
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: MGD TECHNOLOGIES, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets	2020-12-31	1,056,658
Acturial value of plan assets	2020-12-31	1,056,658
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	0
Fundng target for terminated vested participants	2020-12-31	0
Active participant vested funding target	2020-12-31	952,703
Number of active participants	2020-12-31	5
Total funding liabilities for active participants	2020-12-31	952,703
Total participant count	2020-12-31	5
Total funding target for all participants	2020-12-31	952,703
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	81,713
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	81,713
Present value of excess contributions	2020-12-31	1,451
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	1,451
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	1,451
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	38,454
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	57,776
Total employer contributions	2020-12-31	72,185
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	70,534
Liquidity shortfalls end of Q1	2020-12-31	0
Liquidity shortfalls end of Q2	2020-12-31	0
Liquidity shortfalls end of Q3	2020-12-31	0
Liquidity shortfalls end of Q4	2020-12-31	0
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	68,524
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	25,534
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	25,534
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	70,534
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: MGD TECHNOLOGIES, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets	2019-12-31	878,877
Acturial value of plan assets	2019-12-31	878,877
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	0
Fundng target for terminated vested participants	2019-12-31	0
Active participant vested funding target	2019-12-31	864,026
Number of active participants	2019-12-31	4
Total funding liabilities for active participants	2019-12-31	864,026
Total participant count	2019-12-31	4
Total funding target for all participants	2019-12-31	864,026
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	186,618
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	97,314
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	89,304
Present value of excess contributions	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	81,713
Total employer contributions	2019-12-31	85,500
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	80,054
Liquidity shortfalls end of Q1	2019-12-31	0
Liquidity shortfalls end of Q2	2019-12-31	0
Liquidity shortfalls end of Q3	2019-12-31	0
Liquidity shortfalls end of Q4	2019-12-31	0
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	54,554
Net shortfall amortization installment of oustanding balance	2019-12-31	132,480
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	78,984
Additional cash requirement	2019-12-31	78,984
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	80,054
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: MGD TECHNOLOGIES, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets	2018-12-31	704,173
Acturial value of plan assets	2018-12-31	704,173
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	0
Fundng target for terminated vested participants	2018-12-31	0
Active participant vested funding target	2018-12-31	656,864
Number of active participants	2018-12-31	4
Total funding liabilities for active participants	2018-12-31	656,864
Total participant count	2018-12-31	4
Total funding target for all participants	2018-12-31	656,864
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	132,972
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	132,972
Present value of excess contributions	2018-12-31	33,381
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	33,381
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	33,381
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	186,618
Total employer contributions	2018-12-31	58,862
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	55,700
Liquidity shortfalls end of Q1	2018-12-31	0
Liquidity shortfalls end of Q2	2018-12-31	0
Liquidity shortfalls end of Q3	2018-12-31	0
Liquidity shortfalls end of Q4	2018-12-31	0
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	131,908
Net shortfall amortization installment of oustanding balance	2018-12-31	149,648
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	156,338
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	100,638
Additional cash requirement	2018-12-31	55,700
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	55,700
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: MGD TECHNOLOGIES, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets	2017-12-31	601,802
Acturial value of plan assets	2017-12-31	601,802
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	0
Fundng target for terminated vested participants	2017-12-31	0
Active participant vested funding target	2017-12-31	469,360
Number of active participants	2017-12-31	4
Total funding liabilities for active participants	2017-12-31	469,360
Total participant count	2017-12-31	4
Total funding target for all participants	2017-12-31	469,360
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	104,418
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	104,418
Present value of excess contributions	2017-12-31	25,766
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	25,766
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	25,766
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	132,972
Total employer contributions	2017-12-31	160,052
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	151,423
Liquidity shortfalls end of Q1	2017-12-31	0
Liquidity shortfalls end of Q2	2017-12-31	0
Liquidity shortfalls end of Q3	2017-12-31	0
Liquidity shortfalls end of Q4	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	118,042
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	118,042
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	0
Additional cash requirement	2017-12-31	118,042
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	151,423
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: MGD TECHNOLOGIES, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	390,425
Acturial value of plan assets	2016-12-31	390,425
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	0
Fundng target for terminated vested participants	2016-12-31	0
Active participant vested funding target	2016-12-31	315,448
Number of active participants	2016-12-31	4
Total funding liabilities for active participants	2016-12-31	315,448
Total participant count	2016-12-31	4
Total funding target for all participants	2016-12-31	315,448
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	65,559
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	65,559
Present value of excess contributions	2016-12-31	41,114
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	41,114
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	41,114
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	104,418
Total employer contributions	2016-12-31	135,260
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	131,586
Liquidity shortfalls end of Q1	2016-12-31	0
Liquidity shortfalls end of Q2	2016-12-31	0
Liquidity shortfalls end of Q3	2016-12-31	0
Liquidity shortfalls end of Q4	2016-12-31	0
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	105,820
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	105,820
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	105,820
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	131,586
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	MGD TECHNOLOGIES, INC.
Employer identification number (EIN):	611414269
NAIC Classification:	332900

Jurisdiction of Incorporation:	Michigan Secretary of State
Incorporation Date:	0000-00-00
Company Identification Number:	32175C
Legal Registered Office Address:	33 MILE RD RICHMOND 48062 United States of America (USA) 26395