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MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 401k Plan overview

Plan NameMAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN
Plan identification number 001

MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

MAGNOLIA HOME SOLUTIONS, INC. has sponsored the creation of one or more 401k plans.

Company Name:MAGNOLIA HOME SOLUTIONS, INC.
Employer identification number (EIN):821524678
NAIC Classification:236110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01MELYNDA BLEDSOE
0012017-05-12MELYNDA BLEDSOE

Plan Statistics for MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN

401k plan membership statisitcs for MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN

Measure Date Value
2023: MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-014
Total number of active participants reported on line 7a of the Form 55002023-01-015
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-015
Number of participants with account balances2023-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-014
Total number of active participants reported on line 7a of the Form 55002022-01-014
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-014
Number of participants with account balances2022-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-012
Total number of active participants reported on line 7a of the Form 55002021-01-013
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-013
Number of participants with account balances2021-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-012
Total number of active participants reported on line 7a of the Form 55002020-01-012
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-012
Number of participants with account balances2020-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-012
Total number of active participants reported on line 7a of the Form 55002019-01-012
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-012
Number of participants with account balances2019-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-012
Total number of active participants reported on line 7a of the Form 55002018-01-012
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-012
Number of participants with account balances2018-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-05-122
Total number of active participants reported on line 7a of the Form 55002017-05-122
Number of retired or separated participants receiving benefits2017-05-120
Number of other retired or separated participants entitled to future benefits2017-05-120
Total of all active and inactive participants2017-05-122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-05-120
Total participants2017-05-122
Number of participants with account balances2017-05-122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-05-120

Financial Data on MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN

Measure Date Value
2023 : MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2023 401k financial data
Total income from all sources2023-12-31$-714,342
Expenses. Total of all expenses incurred2023-12-31$0
Total plan assets at end of year2023-12-31$1,018,515
Total plan assets at beginning of year2023-12-31$1,732,857
Value of fidelity bond covering the plan2023-12-31$232,000
Other income received2023-12-31$-714,342
Net income (gross income less expenses)2023-12-31$-714,342
Net plan assets at end of year (total assets less liabilities)2023-12-31$1,018,515
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$1,732,857
Assets. Value of employer securities2023-12-31$984,986
2022 : MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2022 401k financial data
Total income from all sources2022-12-31$560,845
Expenses. Total of all expenses incurred2022-12-31$0
Total plan assets at end of year2022-12-31$1,732,857
Total plan assets at beginning of year2022-12-31$1,172,012
Value of fidelity bond covering the plan2022-12-31$232,000
Other income received2022-12-31$545,295
Net income (gross income less expenses)2022-12-31$560,845
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,732,857
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,172,012
Assets. Value of employer securities2022-12-31$1,702,590
Total contributions received or receivable from employer(s)2022-12-31$15,550
2021 : MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2021 401k financial data
Total income from all sources2021-12-31$640,053
Expenses. Total of all expenses incurred2021-12-31$0
Total plan assets at end of year2021-12-31$1,172,012
Total plan assets at beginning of year2021-12-31$531,959
Value of fidelity bond covering the plan2021-12-31$232,000
Other income received2021-12-31$629,672
Net income (gross income less expenses)2021-12-31$640,053
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,172,012
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$531,959
Assets. Value of employer securities2021-12-31$1,156,577
Total contributions received or receivable from employer(s)2021-12-31$10,381
2020 : MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2020 401k financial data
Total income from all sources2020-12-31$326,332
Expenses. Total of all expenses incurred2020-12-31$7
Total plan assets at end of year2020-12-31$531,959
Total plan assets at beginning of year2020-12-31$205,634
Value of fidelity bond covering the plan2020-12-31$232,000
Expenses. Other expenses not covered elsewhere2020-12-31$7
Other income received2020-12-31$321,431
Net income (gross income less expenses)2020-12-31$326,325
Net plan assets at end of year (total assets less liabilities)2020-12-31$531,959
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$205,634
Assets. Value of employer securities2020-12-31$527,057
Total contributions received or receivable from employer(s)2020-12-31$4,901
2019 : MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2019 401k financial data
Total income from all sources2019-12-31$31,935
Expenses. Total of all expenses incurred2019-12-31$0
Total plan assets at end of year2019-12-31$205,634
Total plan assets at beginning of year2019-12-31$173,699
Value of fidelity bond covering the plan2019-12-31$232,000
Other income received2019-12-31$31,935
Net income (gross income less expenses)2019-12-31$31,935
Net plan assets at end of year (total assets less liabilities)2019-12-31$205,634
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$173,699
Assets. Value of employer securities2019-12-31$205,627
2018 : MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2018 401k financial data
Total income from all sources2018-12-31$17,816
Expenses. Total of all expenses incurred2018-12-31$0
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$173,699
Total plan assets at beginning of year2018-12-31$155,883
Value of fidelity bond covering the plan2018-12-31$232,000
Total contributions received or receivable from participants2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$17,816
Net income (gross income less expenses)2018-12-31$17,816
Net plan assets at end of year (total assets less liabilities)2018-12-31$173,699
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$155,883
Assets. Value of employer securities2018-12-31$173,692
Total contributions received or receivable from employer(s)2018-12-31$0
Value of certain deemed distributions of participant loans2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$0
2017 : MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2017 401k financial data
Total income from all sources2017-12-31$155,884
Expenses. Total of all expenses incurred2017-12-31$1
Benefits paid (including direct rollovers)2017-12-31$0
Total plan assets at end of year2017-12-31$155,883
Total plan assets at beginning of year2017-12-31$0
Total contributions received or receivable from participants2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$221,164
Other income received2017-12-31$-65,280
Net income (gross income less expenses)2017-12-31$155,883
Net plan assets at end of year (total assets less liabilities)2017-12-31$155,883
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$0
Assets. Value of employer securities2017-12-31$155,876
Total contributions received or receivable from employer(s)2017-12-31$0
Value of certain deemed distributions of participant loans2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$1

Form 5500 Responses for MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN

2023: MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: MAGNOLIA HOME SOLUTIONS, INC. RETIREMENT PLAN 2017 form 5500 responses
2017-05-12Type of plan entitySingle employer plan
2017-05-12First time form 5500 has been submittedYes
2017-05-12This return/report is a short plan year return/report (less than 12 months)Yes
2017-05-12Plan funding arrangement – TrustYes
2017-05-12Plan benefit arrangement - TrustYes

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