401k Plan data: MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN plan

MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN
Plan identification number	001

MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MONTGOMERY AVIATION CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: MONTGOMERY AVIATION CORPORATION

Employer identification number (EIN): 630243656

NAIC Classification: 812990
NAIC Description: All Other Personal Services

Additional information about MONTGOMERY AVIATION CORPORATION

Jurisdiction of Incorporation: Alabama Secretary of State

Incorporation Date: 1945-10-12

Company Identification Number: 013-043

More information about MONTGOMERY AVIATION CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 CHARLES HUDGENS 2024-09-06
001 2022-01-01
001 2021-01-01
001 2020-01-01 W. D. LAMBERT 2021-09-28
001 2019-01-01 W.D. LAMBERT 2020-08-31
001 2018-01-01 W.D. LAMBERT 2019-10-11
001 2017-01-01 MARY ALSTON GEDDIE 2018-10-12
001 2016-01-01 MARY ALSTON GEDDIE 2017-10-13
001 2015-01-01 WILLIAM HUDGENS 2016-08-04 MARY ALSTON GEDDIE 2016-08-04
001 2014-01-01 WD LAMBERT 2015-07-28 MARY ALSTON GEDDIE 2015-07-28
001 2013-01-01 WILLIAM T. HUDGENS 2014-09-11
001 2012-01-01 WILLIAM HUDGENS 2013-09-16
001 2011-01-01 WILLIAM HUDGENS 2012-07-20
001 2010-10-01 WILLIAM HUDGENS 2011-07-18

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01	CHARLES HUDGENS	2024-09-06
001	2022-01-01
001	2021-01-01
001	2020-01-01	W. D. LAMBERT	2021-09-28
001	2019-01-01	W.D. LAMBERT	2020-08-31
001	2018-01-01	W.D. LAMBERT	2019-10-11
001	2017-01-01	MARY ALSTON GEDDIE	2018-10-12
001	2016-01-01	MARY ALSTON GEDDIE	2017-10-13
001	2015-01-01	WILLIAM HUDGENS	2016-08-04	MARY ALSTON GEDDIE	2016-08-04
001	2014-01-01	WD LAMBERT	2015-07-28	MARY ALSTON GEDDIE	2015-07-28
001	2013-01-01	WILLIAM T. HUDGENS	2014-09-11
001	2012-01-01	WILLIAM HUDGENS	2013-09-16
001	2011-01-01	WILLIAM HUDGENS	2012-07-20
001	2010-10-01	WILLIAM HUDGENS	2011-07-18

Plan Statistics for MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 127
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 77
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 37
Total of all active and inactive participants 2022-01-01 114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 1
Total participants 2022-01-01 115
Number of participants with account balances 2022-01-01 98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 1
2021: MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 124
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 72
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 46
Total of all active and inactive participants 2021-01-01 118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 3
Total participants 2021-01-01 121
Number of participants with account balances 2021-01-01 112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 2

Measure	Date	Value
2022: MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	127
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	77
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	37
Total of all active and inactive participants	2022-01-01	114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	1
Total participants	2022-01-01	115
Number of participants with account balances	2022-01-01	98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	1
2021: MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	124
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	72
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	46
Total of all active and inactive participants	2021-01-01	118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	3
Total participants	2021-01-01	121
Number of participants with account balances	2021-01-01	112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	2

Financial Data on MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2022 : MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$70,012
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$276,289
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$237,860
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$634,254
Value of total assets at end of year	2022-12-31	$3,738,665
Value of total assets at beginning of year	2022-12-31	$3,944,942
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$38,429
Total interest from all sources	2022-12-31	$1,733
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$50,597
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$50,597
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$150,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$34,254
Participant contributions at end of year	2022-12-31	$34,648
Participant contributions at beginning of year	2022-12-31	$45,358
Participant contributions at end of year	2022-12-31	$0
Participant contributions at beginning of year	2022-12-31	$839
Assets. Other investments not covered elsewhere at end of year	2022-12-31	$847,628
Assets. Other investments not covered elsewhere at beginning of year	2022-12-31	$244,554
Other income not declared elsewhere	2022-12-31	$-49,185
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-206,277
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$3,738,665
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$3,944,942
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$25,154
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$2,256,389
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$3,654,191
Interest on participant loans	2022-12-31	$1,733
Income. Interest from loans (other than to participants)	2022-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$600,000
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-567,387
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$600,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$237,860
Contract administrator fees	2022-12-31	$13,275
Did the plan have assets held for investment	2022-12-31	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	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	THE HIGHLANDS ACCOUNTING GROUP, INC
Accountancy firm EIN	2022-12-31	823217974
2021 : MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$872,508
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$72,378
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$33,880
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$336,931
Value of total assets at end of year	2021-12-31	$3,944,942
Value of total assets at beginning of year	2021-12-31	$3,144,812
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$38,498
Total interest from all sources	2021-12-31	$2,412
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$45,767
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$45,767
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$150,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$36,931
Participant contributions at end of year	2021-12-31	$45,358
Participant contributions at beginning of year	2021-12-31	$60,030
Participant contributions at end of year	2021-12-31	$839
Assets. Other investments not covered elsewhere at end of year	2021-12-31	$244,554
Assets. Other investments not covered elsewhere at beginning of year	2021-12-31	$190,544
Other income not declared elsewhere	2021-12-31	$56,701
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$800,130
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$3,944,942
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$3,144,812
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$25,338
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$3,654,191
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$2,894,238
Interest on participant loans	2021-12-31	$2,412
Income. Interest from loans (other than to participants)	2021-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$430,697
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$300,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$33,880
Contract administrator fees	2021-12-31	$13,160
Did the plan have assets held for investment	2021-12-31	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	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	THE HIGHLANDS ACCOUNTING GROUP, INC
Accountancy firm EIN	2021-12-31	823217974

Form 5500 Responses for MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN

2022: MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	Yes
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: MONTGOMERY AVIATION CORPORATION 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

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MONTGOMERY AVIATION, INC. 401(K) PLAN [EIN = 351803923]

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Company Name:	MONTGOMERY AVIATION CORPORATION
Employer identification number (EIN):	630243656
NAIC Classification:	812990
NAIC Description:	All Other Personal Services

Jurisdiction of Incorporation:	Alabama Secretary of State
Incorporation Date:	1945-10-12
Company Identification Number:	013-043