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M. Shanken Communications, Inc. & Subsidiaries 401k Plan


Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan12/01/1983
  • Net Assets as of 12/31/2019 $25,971,380
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants137
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits19
  • Subtotal156
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total156
  • Total number of participants as of 01/01/2019156
  • Number of participants with account balances144
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested9


  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address825 Eighth Avenue 33Rd Floor
  • CityNew York
  • StateNY
  • Zip10019
  • Telephone(212) 481-8610
  • EIN13-3109245
  • Industry Code511120
  • Named AdministratorSteve Gordon
  • Named Plan SponsorSteve Gordon

Audit Information

  • Audit StatusAudited
  • AuditorGalleros Robinson CPAS, LLP
  • Auditor EIN27-3263553
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J 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.
3D 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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? Yes
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? Yes


Income and Expense Statement

Income $6,382,197
Contributions $1,147,160
Cash Contributions $1,147,160
Cash from Employers $291,123
Cash from Participants $856,037
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $5,235,037
Total Interest $22,200
Interest-Bearing Cash $145
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $10,175
Interest from Other Investments $11,880
Total Dividends $496,326
Preferred Stock $0
Common Stock $300,735
Rents $0
Net gain (loss) on sale of assets $-111,507
Aggregate Proceeds $1,191,574
Aggregate Carrying Amount $1,303,081
Total Unrealized Appreciation (depreciation) of assets $1,408,366
Real Estate $0
Other $1,408,366
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $3,419,652
Other Income $0
Expenses $2,101,338
Total Benefit Payments $2,079,604
Directly to participants or beneficiaries, including direct rollovers $2,079,604
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $8,720
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $13,014
Professional Fees $5,894
Contract Administrator Fees $0
Investment Advisory and management fees $7,120
Other Administrative Fees $0
Net Income $4,280,859
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $25,971,380 $21,690,521 19.74%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $308,877 0.0%
Employer Contributions $0 $308,877 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $221,421 $190,941 15.96%
Interest-bearing cash $221,421 $190,941 15.96%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $9,307,778 $8,036,044 15.83%
Preferred $0 $0 0.0%
Common $9,307,778 $8,036,044 15.83%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $211,538 $205,540 2.92%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $16,230,643 $12,949,119 25.34%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $25,971,380 $21,690,521 19.74%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • American Funds
  • Alliancebernstein Funds
  • Blackrock Funds
  • Columbia Funds
  • Eaton Vance
  • Franklin Templeton
  • Ivy Funds
  • Mfs Investments
  • Pimco Funds
  • Pioneer Investments
  • Sentinel Funds
  • Vanguard Funds

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Morgan Stanley Smith Barney LLC Custodial (other than securities), Custodial (securities), Investment advisory (plan), Investment management, Securities brokerage, Investment management fees paid directly by plan, Investment management fees paid indirectly by plan, Securities brokerage commissions and fees Financial Advisor $7,120 $0 $7,120
Usi Consulting Group Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Consulting (pension), Trustee (directed), Valuation (appraisals, etc.), Participant loan processing, Sub-transfer agency fees, Finders' fees/placement fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees Recordkeeper $5,894 $0 $5,894
Total $13,014 $0 $13,014

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.



No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.