Plan Name | MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN |
Plan identification number | 003 |
401k Plan Type | Defined Contribution Pension |
Plan Features/Benefits |
|
Company Name: | MGC CONTRACTORS, INC. |
Employer identification number (EIN): | 860443028 |
NAIC Classification: | 237210 |
NAIC Description: | Land Subdivision |
Additional information about MGC CONTRACTORS, INC.
Jurisdiction of Incorporation: | Texas Secretary of State |
Incorporation Date: | 2010-06-02 |
Company Identification Number: | 0801277336 |
Legal Registered Office Address: |
4110 E ELWOOD ST PHOENIX United States of America (USA) 85040 |
More information about MGC CONTRACTORS, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
003 | 2022-01-01 | ||||
003 | 2021-01-01 | ||||
003 | 2020-01-01 | JODI GARRISON | 2021-10-15 | DAVID MILLER | 2021-10-15 |
003 | 2019-01-01 | JODI GARRISON | 2020-10-13 | RANDY GATES | 2020-10-13 |
003 | 2018-01-01 | RANDY GATES | 2019-10-14 | ||
003 | 2017-01-01 | ||||
003 | 2016-01-01 |
Measure | Date | Value |
---|---|---|
2022: MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership | ||
Total participants, beginning-of-year | 2022-01-01 | 257 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 201 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 1 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 60 |
Total of all active and inactive participants | 2022-01-01 | 262 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 2 |
Total participants | 2022-01-01 | 264 |
Number of participants with account balances | 2022-01-01 | 262 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 12 |
2021: MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership | ||
Total participants, beginning-of-year | 2021-01-01 | 232 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 181 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 2 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 58 |
Total of all active and inactive participants | 2021-01-01 | 241 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 0 |
Total participants | 2021-01-01 | 241 |
Number of participants with account balances | 2021-01-01 | 238 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 10 |
2020: MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership | ||
Total participants, beginning-of-year | 2020-01-01 | 222 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 166 |
Number of retired or separated participants receiving benefits | 2020-01-01 | 2 |
Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 51 |
Total of all active and inactive participants | 2020-01-01 | 219 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 0 |
Total participants | 2020-01-01 | 219 |
Number of participants with account balances | 2020-01-01 | 217 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 19 |
2019: MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership | ||
Total participants, beginning-of-year | 2019-01-01 | 161 |
Total number of active participants reported on line 7a of the Form 5500 | 2019-01-01 | 165 |
Number of retired or separated participants receiving benefits | 2019-01-01 | 2 |
Number of other retired or separated participants entitled to future benefits | 2019-01-01 | 29 |
Total of all active and inactive participants | 2019-01-01 | 196 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-01-01 | 0 |
Total participants | 2019-01-01 | 196 |
Number of participants with account balances | 2019-01-01 | 193 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-01-01 | 21 |
2018: MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership | ||
Total participants, beginning-of-year | 2018-01-01 | 126 |
Total number of active participants reported on line 7a of the Form 5500 | 2018-01-01 | 123 |
Number of retired or separated participants receiving benefits | 2018-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2018-01-01 | 8 |
Total of all active and inactive participants | 2018-01-01 | 131 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2018-01-01 | 0 |
Total participants | 2018-01-01 | 131 |
Number of participants with account balances | 2018-01-01 | 129 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2018-01-01 | 5 |
2017: MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership | ||
Total participants, beginning-of-year | 2017-01-01 | 119 |
Total number of active participants reported on line 7a of the Form 5500 | 2017-01-01 | 114 |
Number of retired or separated participants receiving benefits | 2017-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2017-01-01 | 0 |
Total of all active and inactive participants | 2017-01-01 | 114 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-01-01 | 0 |
Total participants | 2017-01-01 | 114 |
Number of participants with account balances | 2017-01-01 | 111 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2017-01-01 | 0 |
2016: MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership | ||
Total participants, beginning-of-year | 2016-01-01 | 95 |
Total number of active participants reported on line 7a of the Form 5500 | 2016-01-01 | 101 |
Number of retired or separated participants receiving benefits | 2016-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2016-01-01 | 0 |
Total of all active and inactive participants | 2016-01-01 | 101 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2016-01-01 | 0 |
Total participants | 2016-01-01 | 101 |
Number of participants with account balances | 2016-01-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2016-01-01 | 0 |
Measure | Date | Value |
---|---|---|
2022 : MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data | ||
Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $1,287,516 |
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $1,287,516 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $2,514,421 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $3,119,932 |
Expenses. Interest paid | 2022-12-31 | $126,654 |
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2022-12-31 | $126,654 |
Total income from all sources (including contributions) | 2022-12-31 | $4,076,402 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $229,429 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $102,760 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $2,788,810 |
Value of total assets at end of year | 2022-12-31 | $32,879,599 |
Value of total assets at beginning of year | 2022-12-31 | $29,638,137 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $15 |
Total interest from all sources | 2022-12-31 | $76 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $1,000,000 |
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 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $186,049 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $2,514,421 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $3,119,932 |
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 | $3,846,973 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $30,365,178 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $26,518,205 |
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 | $15 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $1,823,566 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $55,669 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $55,669 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $76 |
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 |
Assets. Invements in employer securities at end of year | 2022-12-31 | $30,869,984 |
Assets. Invements in employer securities at beginning of year | 2022-12-31 | $29,582,468 |
Contributions received in cash from employer | 2022-12-31 | $2,788,810 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $102,760 |
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 | MAYER HOFFMAN MCCANN PC |
Accountancy firm EIN | 2022-12-31 | 431947695 |
2021 : MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data | ||
Unrealized appreciation/depreciation of other (non real estate) assets | 2021-12-31 | $982,353 |
Total unrealized appreciation/depreciation of assets | 2021-12-31 | $982,353 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $3,119,932 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $3,699,661 |
Expenses. Interest paid | 2021-12-31 | $152,435 |
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2021-12-31 | $152,435 |
Total income from all sources (including contributions) | 2021-12-31 | $1,682,421 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $156,329 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $3,879 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $700,000 |
Value of total assets at end of year | 2021-12-31 | $29,638,137 |
Value of total assets at beginning of year | 2021-12-31 | $28,691,774 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $15 |
Total interest from all sources | 2021-12-31 | $68 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-12-31 | $3,119,932 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-12-31 | $3,699,661 |
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 | $1,526,092 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $26,518,205 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $24,992,113 |
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 | $15 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $55,669 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $91,659 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $91,659 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $68 |
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 |
Assets. Invements in employer securities at end of year | 2021-12-31 | $29,582,468 |
Assets. Invements in employer securities at beginning of year | 2021-12-31 | $28,600,115 |
Contributions received in cash from employer | 2021-12-31 | $700,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $3,879 |
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 | PRICE KONG & CO CPAS PA |
Accountancy firm EIN | 2021-12-31 | 860611246 |
2020 : MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data | ||
Unrealized appreciation/depreciation of other (non real estate) assets | 2020-12-31 | $5,790,113 |
Total unrealized appreciation/depreciation of assets | 2020-12-31 | $5,790,113 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $3,699,661 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $4,254,705 |
Expenses. Interest paid | 2020-12-31 | $177,120 |
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2020-12-31 | $177,120 |
Total income from all sources (including contributions) | 2020-12-31 | $6,425,427 |
Total of all expenses incurred | 2020-12-31 | $177,135 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $635,000 |
Value of total assets at end of year | 2020-12-31 | $28,691,774 |
Value of total assets at beginning of year | 2020-12-31 | $22,998,526 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $15 |
Total interest from all sources | 2020-12-31 | $314 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2020-12-31 | $3,699,661 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2020-12-31 | $4,254,705 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $6,248,292 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $24,992,113 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $18,743,821 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Investment advisory and management fees | 2020-12-31 | $15 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $91,659 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-12-31 | $188,525 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-12-31 | $188,525 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $314 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Assets. Invements in employer securities at end of year | 2020-12-31 | $28,600,115 |
Assets. Invements in employer securities at beginning of year | 2020-12-31 | $22,810,001 |
Contributions received in cash from employer | 2020-12-31 | $635,000 |
Did the plan have assets held for investment | 2020-12-31 | 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 | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | PRICE KONG & CO CPAS PA |
Accountancy firm EIN | 2020-12-31 | 860611246 |
2019 : MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data | ||
Unrealized appreciation/depreciation of other (non real estate) assets | 2019-12-31 | $6,308,756 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2019-12-31 | $6,308,756 |
Total unrealized appreciation/depreciation of assets | 2019-12-31 | $6,308,756 |
Total unrealized appreciation/depreciation of assets | 2019-12-31 | $6,308,756 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $4,254,705 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $4,254,705 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $4,786,117 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $4,786,117 |
Expenses. Interest paid | 2019-12-31 | $200,753 |
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2019-12-31 | $200,753 |
Expenses. Interest paid | 2019-12-31 | $200,753 |
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2019-12-31 | $200,753 |
Total income from all sources (including contributions) | 2019-12-31 | $7,044,079 |
Total income from all sources (including contributions) | 2019-12-31 | $7,044,079 |
Total of all expenses incurred | 2019-12-31 | $202,956 |
Total of all expenses incurred | 2019-12-31 | $202,956 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $2,203 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $2,203 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $735,000 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $735,000 |
Value of total assets at end of year | 2019-12-31 | $22,998,526 |
Value of total assets at end of year | 2019-12-31 | $22,998,526 |
Value of total assets at beginning of year | 2019-12-31 | $16,688,815 |
Value of total assets at beginning of year | 2019-12-31 | $16,688,815 |
Total interest from all sources | 2019-12-31 | $323 |
Total interest from all sources | 2019-12-31 | $323 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $1,000,000 |
Value of fidelity bond cover | 2019-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2019-12-31 | $4,254,705 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2019-12-31 | $4,254,705 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2019-12-31 | $4,786,117 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2019-12-31 | $4,786,117 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $6,841,123 |
Value of net income/loss | 2019-12-31 | $6,841,123 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $18,743,821 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $18,743,821 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $11,902,698 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $11,902,698 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $188,525 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $188,525 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $187,569 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $187,569 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $187,569 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $187,569 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $323 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $323 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Assets. Invements in employer securities at end of year | 2019-12-31 | $22,810,001 |
Assets. Invements in employer securities at end of year | 2019-12-31 | $22,810,001 |
Assets. Invements in employer securities at beginning of year | 2019-12-31 | $16,501,246 |
Assets. Invements in employer securities at beginning of year | 2019-12-31 | $16,501,246 |
Contributions received in cash from employer | 2019-12-31 | $735,000 |
Contributions received in cash from employer | 2019-12-31 | $735,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $2,203 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $2,203 |
Did the plan have assets held for investment | 2019-12-31 | Yes |
Did the plan have assets held for investment | 2019-12-31 | 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 | 2019-12-31 | No |
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 | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | PRICE KONG & CO CPAS PA |
Accountancy firm name | 2019-12-31 | PRICE KONG & CO CPAS PA |
Accountancy firm EIN | 2019-12-31 | 860611246 |
Accountancy firm EIN | 2019-12-31 | 860611246 |
2018 : MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data | ||
Unrealized appreciation/depreciation of other (non real estate) assets | 2018-12-31 | $8,082,508 |
Total unrealized appreciation/depreciation of assets | 2018-12-31 | $8,082,508 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $4,786,117 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $5,294,900 |
Expenses. Interest paid | 2018-12-31 | $223,380 |
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2018-12-31 | $223,380 |
Total income from all sources (including contributions) | 2018-12-31 | $8,815,099 |
Total of all expenses incurred | 2018-12-31 | $223,380 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $732,164 |
Value of total assets at end of year | 2018-12-31 | $16,688,815 |
Value of total assets at beginning of year | 2018-12-31 | $8,605,879 |
Total interest from all sources | 2018-12-31 | $427 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2018-12-31 | $4,786,117 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2018-12-31 | $5,294,900 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $8,591,719 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $11,902,698 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $3,310,979 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2018-12-31 | $187,569 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2018-12-31 | $187,142 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2018-12-31 | $187,142 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2018-12-31 | $427 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Assets. Invements in employer securities at end of year | 2018-12-31 | $16,501,246 |
Assets. Invements in employer securities at beginning of year | 2018-12-31 | $8,418,737 |
Contributions received in cash from employer | 2018-12-31 | $732,164 |
Did the plan have assets held for investment | 2018-12-31 | 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 | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
Accountancy firm name | 2018-12-31 | PRICE KONG & CO CPAS PA |
Accountancy firm EIN | 2018-12-31 | 860611246 |
2017 : MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data | ||
Total plan liabilities at end of year | 2017-12-31 | $5,294,900 |
Total plan liabilities at beginning of year | 2017-12-31 | $5,900,000 |
Total income from all sources | 2017-12-31 | $5,362,605 |
Expenses. Total of all expenses incurred | 2017-12-31 | $310,126 |
Total plan assets at end of year | 2017-12-31 | $8,605,879 |
Total plan assets at beginning of year | 2017-12-31 | $4,158,500 |
Value of fidelity bond covering the plan | 2017-12-31 | $500,000 |
Expenses. Other expenses not covered elsewhere | 2017-12-31 | $310,126 |
Other income received | 2017-12-31 | $4,260,463 |
Net income (gross income less expenses) | 2017-12-31 | $5,052,479 |
Net plan assets at end of year (total assets less liabilities) | 2017-12-31 | $3,310,979 |
Net plan assets at beginning of year (total assets less liabilities) | 2017-12-31 | $-1,741,500 |
Assets. Value of employer securities | 2017-12-31 | $8,418,737 |
Total contributions received or receivable from employer(s) | 2017-12-31 | $1,102,142 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
2016 : MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data | ||
Total plan liabilities at end of year | 2016-12-31 | $5,900,000 |
Total plan liabilities at beginning of year | 2016-12-31 | $0 |
Total income from all sources | 2016-12-31 | $-1,741,500 |
Total plan assets at end of year | 2016-12-31 | $4,158,500 |
Total plan assets at beginning of year | 2016-12-31 | $0 |
Other income received | 2016-12-31 | $-1,741,500 |
Net income (gross income less expenses) | 2016-12-31 | $-1,741,500 |
Net plan assets at end of year (total assets less liabilities) | 2016-12-31 | $-1,741,500 |
Net plan assets at beginning of year (total assets less liabilities) | 2016-12-31 | $0 |
Assets. Value of employer securities | 2016-12-31 | $4,158,500 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
2022: MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses | ||
---|---|---|
2022-01-01 | Type of plan entity | Single employer plan |
2022-01-01 | Submission has been amended | No |
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: MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP 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 |
2020: MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses | ||
2020-01-01 | Type of plan entity | Single employer plan |
2020-01-01 | Plan funding arrangement – Trust | Yes |
2020-01-01 | Plan benefit arrangement - Trust | Yes |
2019: MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses | ||
2019-01-01 | Type of plan entity | Single employer plan |
2019-01-01 | Plan funding arrangement – Trust | Yes |
2019-01-01 | Plan benefit arrangement - Trust | Yes |
2018: MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses | ||
2018-01-01 | Type of plan entity | Single employer plan |
2018-01-01 | Plan funding arrangement – Trust | Yes |
2018-01-01 | Plan benefit arrangement - Trust | Yes |
2017: MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses | ||
2017-01-01 | Type of plan entity | Single employer plan |
2017-01-01 | Plan funding arrangement – Trust | Yes |
2017-01-01 | Plan benefit arrangement - Trust | Yes |
2016: MGC CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses | ||
2016-01-01 | Type of plan entity | Single employer plan |
2016-01-01 | First time form 5500 has been submitted | Yes |
2016-01-01 | Plan funding arrangement – Trust | Yes |
2016-01-01 | Plan benefit arrangement - Trust | Yes |