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MAGNABLEND, INC. 401K PLAN 401k Plan overview

Plan NameMAGNABLEND, INC. 401K PLAN
Plan identification number 002

MAGNABLEND, INC. 401K PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

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

Company Name:MAGNABLEND, INC.
Employer identification number (EIN):751658841
NAIC Classification:325900
NAIC Description:Other Chemical Product and Preparation Manufacturing

Additional information about MAGNABLEND, INC.

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division
Incorporation Date: 1986-07-03
Company Identification Number: 601007463
Legal Registered Office Address: 300 DESCHUTES WAY SW STE 208 MC-CSC1

TUMWATER
United States of America (USA)
98501

More information about MAGNABLEND, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAGNABLEND, INC. 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022014-01-01MELENIE BLOCH
0022013-01-01STEVE BARNISH
0022012-01-01SCOTT PENDERY SCOTT PENDERY2013-10-15
0022011-01-01SCOTT PENDERY2012-10-02 SCOTT PENDERY2012-10-02
0022010-01-01SCOTT PENDERY2011-09-13 SCOTT PENDERY2011-09-13
0022009-01-01DAVID A. PENDERY

Plan Statistics for MAGNABLEND, INC. 401K PLAN

401k plan membership statisitcs for MAGNABLEND, INC. 401K PLAN

Measure Date Value
2014: MAGNABLEND, INC. 401K PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01320
Total number of active participants reported on line 7a of the Form 55002014-01-010
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-010
Number of participants with account balances2014-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0115
2013: MAGNABLEND, INC. 401K PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01278
Total number of active participants reported on line 7a of the Form 55002013-01-01305
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0115
Total of all active and inactive participants2013-01-01320
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01320
Number of participants with account balances2013-01-01256
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0114
2012: MAGNABLEND, INC. 401K PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01169
Total number of active participants reported on line 7a of the Form 55002012-01-01258
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0120
Total of all active and inactive participants2012-01-01278
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01278
Number of participants with account balances2012-01-01278
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-018
2009: MAGNABLEND, INC. 401K PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0189
Total number of active participants reported on line 7a of the Form 55002009-01-0188
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-016
Total of all active and inactive participants2009-01-0194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0194
Number of participants with account balances2009-01-0194
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0115

Financial Data on MAGNABLEND, INC. 401K PLAN

Measure Date Value
2014 : MAGNABLEND, INC. 401K PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-07-31$0
Total transfer of assets from this plan2014-07-31$6,892,394
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-07-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-07-31$0
Total income from all sources (including contributions)2014-07-31$843,328
Total loss/gain on sale of assets2014-07-31$0
Total of all expenses incurred2014-07-31$115,390
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-07-31$114,615
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-07-31$674,526
Value of total assets at end of year2014-07-31$0
Value of total assets at beginning of year2014-07-31$6,164,456
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-07-31$775
Total interest from all sources2014-07-31$9,082
Total dividends received (eg from common stock, registered investment company shares)2014-07-31$37,357
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-07-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-07-31$37,357
Was this plan covered by a fidelity bond2014-07-31Yes
Value of fidelity bond cover2014-07-31$500,000
If this is an individual account plan, was there a blackout period2014-07-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-07-31$0
Were there any nonexempt tranactions with any party-in-interest2014-07-31No
Contributions received from participants2014-07-31$408,790
Participant contributions at end of year2014-07-31$0
Participant contributions at beginning of year2014-07-31$307,204
Participant contributions at end of year2014-07-31$0
Participant contributions at beginning of year2014-07-31$4,500
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-07-31No
Value of net income/loss2014-07-31$727,938
Value of net assets at end of year (total assets less liabilities)2014-07-31$0
Value of net assets at beginning of year (total assets less liabilities)2014-07-31$6,164,456
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-07-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-07-31No
Were any leases to which the plan was party in default or uncollectible2014-07-31No
Investment advisory and management fees2014-07-31$775
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-07-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-07-31$5,600,711
Interest on participant loans2014-07-31$9,082
Value of interest in common/collective trusts at end of year2014-07-31$0
Value of interest in common/collective trusts at beginning of year2014-07-31$248,428
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-07-31$122,363
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-07-31No
Was there a failure to transmit to the plan any participant contributions2014-07-31No
Has the plan failed to provide any benefit when due under the plan2014-07-31No
Contributions received in cash from employer2014-07-31$265,736
Employer contributions (assets) at end of year2014-07-31$0
Employer contributions (assets) at beginning of year2014-07-31$3,613
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-07-31$114,615
Did the plan have assets held for investment2014-07-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-07-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-07-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-07-31Yes
Opinion of an independent qualified public accountant for this plan2014-07-31Disclaimer
Accountancy firm name2014-07-31BDO
Accountancy firm EIN2014-07-31135381590
2013 : MAGNABLEND, INC. 401K PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$2,010,483
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$1,482,108
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,474,727
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,189,994
Value of total assets at end of year2013-12-31$6,164,456
Value of total assets at beginning of year2013-12-31$5,636,081
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$7,381
Total interest from all sources2013-12-31$13,881
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$103,758
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$103,758
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$677,364
Participant contributions at end of year2013-12-31$307,204
Participant contributions at beginning of year2013-12-31$265,452
Participant contributions at end of year2013-12-31$4,500
Participant contributions at beginning of year2013-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$85,915
Other income not declared elsewhere2013-12-31$32,389
Administrative expenses (other) incurred2013-12-31$1,504
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$528,375
Value of net assets at end of year (total assets less liabilities)2013-12-31$6,164,456
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$5,636,081
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$5,877
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$5,600,711
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$4,895,389
Interest on participant loans2013-12-31$13,881
Value of interest in common/collective trusts at end of year2013-12-31$248,428
Value of interest in common/collective trusts at beginning of year2013-12-31$475,240
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$670,461
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$426,715
Employer contributions (assets) at end of year2013-12-31$3,613
Employer contributions (assets) at beginning of year2013-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,474,727
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31BDO
Accountancy firm EIN2013-12-31135381590
2012 : MAGNABLEND, INC. 401K PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$1,783,191
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$229,847
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$228,997
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,248,824
Value of total assets at end of year2012-12-31$5,636,081
Value of total assets at beginning of year2012-12-31$4,082,737
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$850
Total interest from all sources2012-12-31$9,909
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$88,000
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$88,000
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$25,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$531,151
Participant contributions at end of year2012-12-31$265,452
Participant contributions at beginning of year2012-12-31$171,356
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$27,837
Administrative expenses (other) incurred2012-12-31$850
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$1,553,344
Value of net assets at end of year (total assets less liabilities)2012-12-31$5,636,081
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$4,082,737
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$4,895,389
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$3,638,128
Interest on participant loans2012-12-31$9,909
Value of interest in common/collective trusts at end of year2012-12-31$475,240
Value of interest in common/collective trusts at beginning of year2012-12-31$273,253
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$434,966
Net investment gain or loss from common/collective trusts2012-12-31$1,492
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$689,836
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$228,997
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31HARTMAN LEITO & BOLT, LLP
Accountancy firm EIN2012-12-31752407989
2009 : MAGNABLEND, INC. 401K PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for MAGNABLEND, INC. 401K PLAN

2014: MAGNABLEND, INC. 401K PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingYes
2014-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: MAGNABLEND, INC. 401K PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MAGNABLEND, INC. 401K PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2009: MAGNABLEND, INC. 401K PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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