Logo

MILAN INSTITUTE PROFIT SHARING 401K PLAN 401k Plan overview

Plan NameMILAN INSTITUTE PROFIT SHARING 401K PLAN
Plan identification number 001

MILAN INSTITUTE PROFIT SHARING 401K PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

AMARILLO COLLEGE OF HAIRDRESSING, INC. has sponsored the creation of one or more 401k plans.

Company Name:AMARILLO COLLEGE OF HAIRDRESSING, INC.
Employer identification number (EIN):751640547
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MILAN INSTITUTE PROFIT SHARING 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012019-01-01
0012018-01-01
0012018-01-01
0012017-01-01TARA SPRAGUE
0012016-01-01TARA SPRAGUE
0012016-01-01TARA SPRAGUE
0012015-01-01TARA SPRAGUE

Plan Statistics for MILAN INSTITUTE PROFIT SHARING 401K PLAN

401k plan membership statisitcs for MILAN INSTITUTE PROFIT SHARING 401K PLAN

Measure Date Value
2022: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-011,332
Total number of active participants reported on line 7a of the Form 55002022-01-01409
Number of retired or separated participants receiving benefits2022-01-018
Number of other retired or separated participants entitled to future benefits2022-01-01399
Total of all active and inactive participants2022-01-01816
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-014
Total participants2022-01-01820
Number of participants with account balances2022-01-01816
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-016
2021: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-011,271
Total number of active participants reported on line 7a of the Form 55002021-01-01406
Number of retired or separated participants receiving benefits2021-01-019
Number of other retired or separated participants entitled to future benefits2021-01-01892
Total of all active and inactive participants2021-01-011,307
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-014
Total participants2021-01-011,311
Number of participants with account balances2021-01-011,311
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-017
2020: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-011,149
Total number of active participants reported on line 7a of the Form 55002020-01-01390
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-01863
Total of all active and inactive participants2020-01-011,254
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-015
Total participants2020-01-011,259
Number of participants with account balances2020-01-011,259
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0110
2019: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-011,044
Total number of active participants reported on line 7a of the Form 55002019-01-01441
Number of retired or separated participants receiving benefits2019-01-017
Number of other retired or separated participants entitled to future benefits2019-01-01684
Total of all active and inactive participants2019-01-011,132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-013
Total participants2019-01-011,135
Number of participants with account balances2019-01-011,116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0110
2018: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01944
Total number of active participants reported on line 7a of the Form 55002018-01-01469
Number of retired or separated participants receiving benefits2018-01-015
Number of other retired or separated participants entitled to future benefits2018-01-01556
Total of all active and inactive participants2018-01-011,030
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-013
Total participants2018-01-011,033
Number of participants with account balances2018-01-01961
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0148
2017: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01873
Total number of active participants reported on line 7a of the Form 55002017-01-01451
Number of retired or separated participants receiving benefits2017-01-013
Number of other retired or separated participants entitled to future benefits2017-01-01472
Total of all active and inactive participants2017-01-01926
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-012
Total participants2017-01-01928
Number of participants with account balances2017-01-01878
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0117
2016: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01828
Total number of active participants reported on line 7a of the Form 55002016-01-01447
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01407
Total of all active and inactive participants2016-01-01854
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01854
Number of participants with account balances2016-01-01845
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0168
2015: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01741
Total number of active participants reported on line 7a of the Form 55002015-01-01461
Number of other retired or separated participants entitled to future benefits2015-01-01354
Total of all active and inactive participants2015-01-01815
Total participants2015-01-01815
Number of participants with account balances2015-01-01792
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0148

Financial Data on MILAN INSTITUTE PROFIT SHARING 401K PLAN

Measure Date Value
2022 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-598,002
Total of all expenses incurred2022-12-31$952,309
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$883,105
Expenses. Certain deemed distributions of participant loans2022-12-31$10,777
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$601,390
Value of total assets at end of year2022-12-31$6,405,932
Value of total assets at beginning of year2022-12-31$7,956,243
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$58,427
Total interest from all sources2022-12-31$13,686
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$601,388
Participant contributions at end of year2022-12-31$177,397
Participant contributions at beginning of year2022-12-31$180,464
Participant contributions at end of year2022-12-31$22,537
Participant contributions at beginning of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$676
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$405
Administrative expenses (other) incurred2022-12-31$31,354
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,550,311
Value of net assets at end of year (total assets less liabilities)2022-12-31$6,405,932
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$7,956,243
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$27,073
Value of interest in pooled separate accounts at end of year2022-12-31$5,835,237
Value of interest in pooled separate accounts at beginning of year2022-12-31$7,402,918
Interest on participant loans2022-12-31$7,331
Interest earned on other investments2022-12-31$6,355
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$370,085
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$372,456
Net investment gain/loss from pooled separate accounts2022-12-31$-1,213,078
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$2
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$883,105
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Disclaimer
Accountancy firm name2022-12-31SALMON SIMS THOMAS & ASSOCIATES
Accountancy firm EIN2022-12-31050568611
2021 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$1,573,997
Total of all expenses incurred2021-12-31$886,532
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$815,016
Expenses. Certain deemed distributions of participant loans2021-12-31$9,084
Value of total corrective distributions2021-12-31$11,266
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$562,264
Value of total assets at end of year2021-12-31$7,956,243
Value of total assets at beginning of year2021-12-31$7,268,778
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$51,166
Total interest from all sources2021-12-31$14,478
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$557,606
Participant contributions at end of year2021-12-31$180,464
Participant contributions at beginning of year2021-12-31$195,740
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$26,000
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$4,658
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$405
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$331
Administrative expenses (other) incurred2021-12-31$21,046
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$687,465
Value of net assets at end of year (total assets less liabilities)2021-12-31$7,956,243
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$7,268,778
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$30,120
Value of interest in pooled separate accounts at end of year2021-12-31$7,402,918
Value of interest in pooled separate accounts at beginning of year2021-12-31$6,686,470
Interest on participant loans2021-12-31$8,904
Interest earned on other investments2021-12-31$5,574
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$372,456
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$360,237
Net investment gain/loss from pooled separate accounts2021-12-31$997,255
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$815,016
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Disclaimer
Accountancy firm name2021-12-31SALMON SIMS THOMAS & ASSOCIATES
Accountancy firm EIN2021-12-31050568611
2020 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$1,450,276
Total of all expenses incurred2020-12-31$612,701
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$505,552
Expenses. Certain deemed distributions of participant loans2020-12-31$60,078
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$591,467
Value of total assets at end of year2020-12-31$7,268,778
Value of total assets at beginning of year2020-12-31$6,431,203
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$47,071
Total interest from all sources2020-12-31$16,406
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$510,605
Participant contributions at end of year2020-12-31$195,740
Participant contributions at beginning of year2020-12-31$250,347
Participant contributions at end of year2020-12-31$26,000
Participant contributions at beginning of year2020-12-31$36,734
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$12,187
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$331
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$1,882
Administrative expenses (other) incurred2020-12-31$23,021
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$837,575
Value of net assets at end of year (total assets less liabilities)2020-12-31$7,268,778
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$6,431,203
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$24,050
Value of interest in pooled separate accounts at end of year2020-12-31$6,686,470
Value of interest in pooled separate accounts at beginning of year2020-12-31$5,893,061
Interest on participant loans2020-12-31$10,795
Interest earned on other investments2020-12-31$5,611
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$360,237
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$249,179
Net investment gain/loss from pooled separate accounts2020-12-31$842,403
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$68,675
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$505,552
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31SALMON SIMS THOMAS & ASSOCIATES
Accountancy firm EIN2020-12-31050568611
2019 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$1,701,420
Total of all expenses incurred2019-12-31$838,582
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$789,948
Expenses. Certain deemed distributions of participant loans2019-12-31$3,664
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$599,333
Value of total assets at end of year2019-12-31$6,431,203
Value of total assets at beginning of year2019-12-31$5,568,365
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$44,970
Total interest from all sources2019-12-31$16,314
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$300,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$519,819
Participant contributions at end of year2019-12-31$250,347
Participant contributions at beginning of year2019-12-31$230,508
Participant contributions at end of year2019-12-31$36,734
Participant contributions at beginning of year2019-12-31$73,302
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$79,514
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$1,882
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Administrative expenses (other) incurred2019-12-31$33,423
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$862,838
Value of net assets at end of year (total assets less liabilities)2019-12-31$6,431,203
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$5,568,365
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$11,547
Value of interest in pooled separate accounts at end of year2019-12-31$5,893,061
Value of interest in pooled separate accounts at beginning of year2019-12-31$4,989,676
Interest on participant loans2019-12-31$12,166
Interest earned on other investments2019-12-31$4,148
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$249,179
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$273,967
Net investment gain/loss from pooled separate accounts2019-12-31$1,085,773
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$912
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$789,948
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31SALMON SIMS THOMAS & ASSOCIATES
Accountancy firm EIN2019-12-31050568611
2018 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$181,004
Total of all expenses incurred2018-12-31$616,033
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$557,042
Expenses. Certain deemed distributions of participant loans2018-12-31$11,912
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$535,503
Value of total assets at end of year2018-12-31$5,531,259
Value of total assets at beginning of year2018-12-31$5,966,288
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$47,079
Total interest from all sources2018-12-31$16,319
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$300,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$508,681
Participant contributions at end of year2018-12-31$230,508
Participant contributions at beginning of year2018-12-31$295,348
Participant contributions at end of year2018-12-31$36,427
Participant contributions at beginning of year2018-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$26,306
Administrative expenses (other) incurred2018-12-31$47,079
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-435,029
Value of net assets at end of year (total assets less liabilities)2018-12-31$5,531,259
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$5,966,288
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in pooled separate accounts at end of year2018-12-31$4,989,676
Value of interest in pooled separate accounts at beginning of year2018-12-31$5,342,744
Interest on participant loans2018-12-31$12,549
Interest earned on other investments2018-12-31$3,770
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$273,967
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$328,196
Net investment gain/loss from pooled separate accounts2018-12-31$-370,818
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$516
Employer contributions (assets) at end of year2018-12-31$681
Employer contributions (assets) at beginning of year2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$557,042
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31SALMON SIMS THOMAS & ASSOCIATES
Accountancy firm EIN2018-12-31050568611
2017 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$1,246,649
Total of all expenses incurred2017-12-31$763,584
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$704,548
Expenses. Certain deemed distributions of participant loans2017-12-31$11,337
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$422,066
Value of total assets at end of year2017-12-31$5,966,288
Value of total assets at beginning of year2017-12-31$5,483,223
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$47,699
Total interest from all sources2017-12-31$17,011
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$300,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$422,066
Participant contributions at end of year2017-12-31$295,348
Participant contributions at beginning of year2017-12-31$314,354
Administrative expenses (other) incurred2017-12-31$47,699
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$483,065
Value of net assets at end of year (total assets less liabilities)2017-12-31$5,966,288
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$5,483,223
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in pooled separate accounts at end of year2017-12-31$5,342,744
Value of interest in pooled separate accounts at beginning of year2017-12-31$4,810,734
Interest on participant loans2017-12-31$12,432
Interest earned on other investments2017-12-31$4,579
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$328,196
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$358,135
Net investment gain/loss from pooled separate accounts2017-12-31$807,572
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$704,548
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31SALMON SIMS THOMAS & ASSOCIATES
Accountancy firm EIN2017-12-31050568611
2016 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$1,044,120
Total of all expenses incurred2016-12-31$606,896
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$561,991
Expenses. Certain deemed distributions of participant loans2016-12-31$3,398
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$642,639
Value of total assets at end of year2016-12-31$5,483,223
Value of total assets at beginning of year2016-12-31$5,045,999
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$41,507
Total interest from all sources2016-12-31$9,783
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$300,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$519,613
Participant contributions at end of year2016-12-31$314,354
Participant contributions at beginning of year2016-12-31$218,051
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$22,684
Other income not declared elsewhere2016-12-31$39,034
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$437,224
Value of net assets at end of year (total assets less liabilities)2016-12-31$5,483,223
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$5,045,999
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in pooled separate accounts at end of year2016-12-31$4,810,734
Value of interest in pooled separate accounts at beginning of year2016-12-31$4,447,452
Interest on participant loans2016-12-31$9,783
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$358,135
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$380,496
Net investment gain/loss from pooled separate accounts2016-12-31$352,664
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$100,342
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$561,991
Contract administrator fees2016-12-31$41,507
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31SALMONS SIMS THOMAS & ASSOCIATES
Accountancy firm EIN2016-12-31050568611
2015 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$690,184
Total of all expenses incurred2015-12-31$1,132,335
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$1,074,559
Expenses. Certain deemed distributions of participant loans2015-12-31$12,148
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$729,890
Value of total assets at end of year2015-12-31$5,045,999
Value of total assets at beginning of year2015-12-31$5,488,150
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$45,628
Total interest from all sources2015-12-31$5,845
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Administrative expenses professional fees incurred2015-12-31$23,467
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$300,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$518,625
Participant contributions at end of year2015-12-31$218,051
Participant contributions at beginning of year2015-12-31$185,650
Other income not declared elsewhere2015-12-31$9,026
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-442,151
Value of net assets at end of year (total assets less liabilities)2015-12-31$5,045,999
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$5,488,150
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$22,161
Value of interest in pooled separate accounts at end of year2015-12-31$4,447,452
Value of interest in pooled separate accounts at beginning of year2015-12-31$4,833,597
Interest on participant loans2015-12-31$5,845
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$380,496
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$468,903
Net investment gain/loss from pooled separate accounts2015-12-31$-54,577
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$211,265
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$1,074,559
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31SALMONS SIMS THOMAS & ASSOCIATES
Accountancy firm EIN2015-12-31050568611

Form 5500 Responses for MILAN INSTITUTE PROFIT SHARING 401K PLAN

2022: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedYes
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedYes
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedYes
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: MILAN INSTITUTE PROFIT SHARING 401K PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number600416
Policy instance 1
Insurance contract or identification number600416
Number of Individuals Covered816
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number600416
Policy instance 1
Insurance contract or identification number600416
Number of Individuals Covered1311
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number600416
Policy instance 1
Insurance contract or identification number600416
Number of Individuals Covered1259
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number600416
Policy instance 1
Insurance contract or identification number600416
Number of Individuals Covered1116
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $9,297
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $9,297
Insurance broker organization code?3
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number600416
Policy instance 1
Insurance contract or identification number600416
Number of Individuals Covered961
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $22,694
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $22,694
Insurance broker organization code?3
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number600416
Policy instance 1
Insurance contract or identification number600416
Number of Individuals Covered878
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $21,862
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $16,274
Insurance broker organization code?3
Insurance broker nameWELLS FARGO ADVISORS INS AGENCY LLC
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number600416-000
Policy instance 1
Insurance contract or identification number600416-000
Number of Individuals Covered792
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $21,187
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $21,187
Insurance broker organization code?3
Insurance broker nameMERRILL LYNCH LIFE AGENCY INC

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1