MAGNET SALES & MANUFACTURING ,INC. has sponsored the creation of one or more 401k plans.
Measure | Date | Value |
---|
2015 : MAGNET SALES 401(K) PLAN 2015 401k financial data |
---|
Total income from all sources (including contributions) | 2015-12-31 | $217,696 |
Total of all expenses incurred | 2015-12-31 | $478,452 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $463,683 |
Expenses. Certain deemed distributions of participant loans | 2015-12-31 | $2,435 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $202,684 |
Value of total assets at end of year | 2015-12-31 | $2,618,481 |
Value of total assets at beginning of year | 2015-12-31 | $2,879,237 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $12,334 |
Total interest from all sources | 2015-12-31 | $4,553 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $400,000 |
If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
Contributions received from participants | 2015-12-31 | $178,678 |
Participant contributions at end of year | 2015-12-31 | $111,159 |
Participant contributions at beginning of year | 2015-12-31 | $114,397 |
Other income not declared elsewhere | 2015-12-31 | $5,922 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Value of net income/loss | 2015-12-31 | $-260,756 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $2,618,481 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $2,879,237 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2015-12-31 | $1,999,493 |
Value of interest in pooled separate accounts at beginning of year | 2015-12-31 | $2,165,192 |
Interest on participant loans | 2015-12-31 | $4,553 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2015-12-31 | $507,829 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2015-12-31 | $599,648 |
Net investment gain/loss from pooled separate accounts | 2015-12-31 | $4,537 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
Contributions received in cash from employer | 2015-12-31 | $24,006 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $463,683 |
Contract administrator fees | 2015-12-31 | $12,334 |
Did the plan have assets held for investment | 2015-12-31 | 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 | 2015-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Disclaimer |
Accountancy firm name | 2015-12-31 | LUCAS, HORSFALL, MURPHY & PINDROH |
Accountancy firm EIN | 2015-12-31 | 954659692 |
2014 : MAGNET SALES 401(K) PLAN 2014 401k financial data |
---|
Total income from all sources (including contributions) | 2014-12-31 | $426,578 |
Total of all expenses incurred | 2014-12-31 | $1,259,025 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $1,244,974 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $238,164 |
Value of total assets at end of year | 2014-12-31 | $2,879,237 |
Value of total assets at beginning of year | 2014-12-31 | $3,711,684 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $14,051 |
Total interest from all sources | 2014-12-31 | $5,096 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
Value of fidelity bond cover | 2014-12-31 | $400,000 |
If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
Contributions received from participants | 2014-12-31 | $213,479 |
Participant contributions at end of year | 2014-12-31 | $114,397 |
Participant contributions at beginning of year | 2014-12-31 | $77,393 |
Other income not declared elsewhere | 2014-12-31 | $8,247 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
Value of net income/loss | 2014-12-31 | $-832,447 |
Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $2,879,237 |
Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $3,711,684 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2014-12-31 | $2,165,192 |
Value of interest in pooled separate accounts at beginning of year | 2014-12-31 | $2,461,993 |
Interest on participant loans | 2014-12-31 | $5,096 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2014-12-31 | $599,648 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2014-12-31 | $1,172,298 |
Net investment gain/loss from pooled separate accounts | 2014-12-31 | $175,071 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
Contributions received in cash from employer | 2014-12-31 | $24,685 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $1,244,974 |
Contract administrator fees | 2014-12-31 | $14,051 |
Did the plan have assets held for investment | 2014-12-31 | 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 | 2014-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Disclaimer |
Accountancy firm name | 2014-12-31 | LUCAS, HORSFALL, MURPHY & PINDROH |
Accountancy firm EIN | 2014-12-31 | 954659692 |
2013 : MAGNET SALES 401(K) PLAN 2013 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2013-12-31 | $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 | $819,153 |
Total loss/gain on sale of assets | 2013-12-31 | $0 |
Total of all expenses incurred | 2013-12-31 | $420,278 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $399,788 |
Expenses. Certain deemed distributions of participant loans | 2013-12-31 | $4,230 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $276,011 |
Value of total assets at end of year | 2013-12-31 | $3,711,684 |
Value of total assets at beginning of year | 2013-12-31 | $3,312,809 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $16,260 |
Total interest from all sources | 2013-12-31 | $4,150 |
Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | No |
Administrative expenses professional fees incurred | 2013-12-31 | $2,000 |
Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
Value of fidelity bond cover | 2013-12-31 | $400,000 |
If this is an individual account plan, was there a blackout period | 2013-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
Contributions received from participants | 2013-12-31 | $245,817 |
Participant contributions at end of year | 2013-12-31 | $77,393 |
Participant contributions at beginning of year | 2013-12-31 | $70,767 |
Other income not declared elsewhere | 2013-12-31 | $15,938 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
Value of net income/loss | 2013-12-31 | $398,875 |
Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $3,711,684 |
Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $3,312,809 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2013-12-31 | $2,461,993 |
Value of interest in pooled separate accounts at beginning of year | 2013-12-31 | $2,642,924 |
Interest on participant loans | 2013-12-31 | $4,150 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2013-12-31 | $1,172,298 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2013-12-31 | $599,118 |
Net investment gain/loss from pooled separate accounts | 2013-12-31 | $523,054 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
Contributions received in cash from employer | 2013-12-31 | $30,194 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $399,788 |
Contract administrator fees | 2013-12-31 | $14,260 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2013-12-31 | No |
Did the plan have assets held for investment | 2013-12-31 | 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 | 2013-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Disclaimer |
Accountancy firm name | 2013-12-31 | LUCAS,HORSFALL,MURPHY & PINDROH |
Accountancy firm EIN | 2013-12-31 | 954659692 |
2012 : MAGNET SALES 401(K) PLAN 2012 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2012-12-31 | $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 | $505,518 |
Total loss/gain on sale of assets | 2012-12-31 | $0 |
Total of all expenses incurred | 2012-12-31 | $170,547 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $148,951 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $238,067 |
Value of total assets at end of year | 2012-12-31 | $3,312,809 |
Value of total assets at beginning of year | 2012-12-31 | $2,977,838 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $21,596 |
Total interest from all sources | 2012-12-31 | $3,519 |
Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
Value of fidelity bond cover | 2012-12-31 | $400,000 |
If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
Contributions received from participants | 2012-12-31 | $211,702 |
Participant contributions at end of year | 2012-12-31 | $70,767 |
Participant contributions at beginning of year | 2012-12-31 | $55,889 |
Participant contributions at beginning of year | 2012-12-31 | $25,940 |
Other income not declared elsewhere | 2012-12-31 | $14,764 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
Value of net income/loss | 2012-12-31 | $334,971 |
Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $3,312,809 |
Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $2,977,838 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2012-12-31 | $2,642,924 |
Value of interest in pooled separate accounts at beginning of year | 2012-12-31 | $2,079,195 |
Interest on participant loans | 2012-12-31 | $3,519 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2012-12-31 | $599,118 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2012-12-31 | $813,551 |
Net investment gain/loss from pooled separate accounts | 2012-12-31 | $249,168 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
Contributions received in cash from employer | 2012-12-31 | $26,365 |
Employer contributions (assets) at beginning of year | 2012-12-31 | $3,263 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $148,951 |
Contract administrator fees | 2012-12-31 | $21,596 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2012-12-31 | No |
Did the plan have assets held for investment | 2012-12-31 | 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 | 2012-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Disclaimer |
Accountancy firm name | 2012-12-31 | LUCAS HORSFALL MURPHY PINDROCH LLP |
Accountancy firm EIN | 2012-12-31 | 954659692 |
2011 : MAGNET SALES 401(K) PLAN 2011 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2011-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
Total income from all sources (including contributions) | 2011-12-31 | $251,602 |
Total loss/gain on sale of assets | 2011-12-31 | $0 |
Total of all expenses incurred | 2011-12-31 | $59,719 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $45,843 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $237,681 |
Value of total assets at end of year | 2011-12-31 | $2,977,838 |
Value of total assets at beginning of year | 2011-12-31 | $2,785,955 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $13,876 |
Total interest from all sources | 2011-12-31 | $3,284 |
Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
Value of fidelity bond cover | 2011-12-31 | $400,000 |
If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
Contributions received from participants | 2011-12-31 | $221,221 |
Participant contributions at end of year | 2011-12-31 | $55,889 |
Participant contributions at beginning of year | 2011-12-31 | $58,612 |
Participant contributions at end of year | 2011-12-31 | $25,940 |
Other income not declared elsewhere | 2011-12-31 | $18,685 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Value of net income/loss | 2011-12-31 | $191,883 |
Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $2,977,838 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $2,785,955 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2011-12-31 | $2,079,195 |
Value of interest in pooled separate accounts at beginning of year | 2011-12-31 | $2,090,975 |
Interest on participant loans | 2011-12-31 | $3,284 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2011-12-31 | $813,551 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2011-12-31 | $636,368 |
Net investment gain/loss from pooled separate accounts | 2011-12-31 | $-8,048 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
Contributions received in cash from employer | 2011-12-31 | $16,460 |
Employer contributions (assets) at end of year | 2011-12-31 | $3,263 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $45,843 |
Contract administrator fees | 2011-12-31 | $13,876 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2011-12-31 | No |
Did the plan have assets held for investment | 2011-12-31 | 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 | 2011-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Disclaimer |
Accountancy firm name | 2011-12-31 | LUCAS HORSFALL MURPHY & PINDROH LLP |
Accountancy firm EIN | 2011-12-31 | 954659692 |
2010 : MAGNET SALES 401(K) PLAN 2010 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2010-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total income from all sources (including contributions) | 2010-12-31 | $543,126 |
Total loss/gain on sale of assets | 2010-12-31 | $0 |
Total of all expenses incurred | 2010-12-31 | $579,837 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $562,849 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $224,144 |
Value of total assets at end of year | 2010-12-31 | $2,785,955 |
Value of total assets at beginning of year | 2010-12-31 | $2,822,666 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $16,988 |
Total interest from all sources | 2010-12-31 | $4,013 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $400,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Contributions received from participants | 2010-12-31 | $177,356 |
Participant contributions at end of year | 2010-12-31 | $58,612 |
Participant contributions at beginning of year | 2010-12-31 | $78,294 |
Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $35,135 |
Other income not declared elsewhere | 2010-12-31 | $20,039 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $-36,711 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $2,785,955 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $2,822,666 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2010-12-31 | $2,090,975 |
Value of interest in pooled separate accounts at beginning of year | 2010-12-31 | $1,851,543 |
Interest on participant loans | 2010-12-31 | $4,013 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2010-12-31 | $636,368 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2010-12-31 | $892,829 |
Net investment gain/loss from pooled separate accounts | 2010-12-31 | $294,930 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Contributions received in cash from employer | 2010-12-31 | $11,653 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $562,849 |
Contract administrator fees | 2010-12-31 | $16,988 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2010-12-31 | No |
Did the plan have assets held for investment | 2010-12-31 | 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 | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
Accountancy firm name | 2010-12-31 | LUCAS,HORSFALL,MURPHY & PINDROH,LLP |
Accountancy firm EIN | 2010-12-31 | 954659692 |
2009 : MAGNET SALES 401(K) PLAN 2009 401k financial data |
---|
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |