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THE CENTER FOR ALLIED HEALTH AND NURSING EDUCATION 401K PLAN 401k Plan overview

Plan NameTHE CENTER FOR ALLIED HEALTH AND NURSING EDUCATION 401K PLAN
Plan identification number 001

THE CENTER FOR ALLIED HEALTH AND NURSING EDUCATION 401K PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • 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

SSS EDUCATION, INC. DBA JERSEY COLLEGE has sponsored the creation of one or more 401k plans.

Company Name:SSS EDUCATION, INC. DBA JERSEY COLLEGE
Employer identification number (EIN):270065816
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CENTER FOR ALLIED HEALTH AND NURSING EDUCATION 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01STEVEN LITVACK2017-11-15
0012017-01-01STEVEN LITVACK2017-11-14
0012016-01-01STEVEN LITVACK
0012015-01-01STEVEN LITVACK
0012014-01-01STEVEN LITVACK2015-10-06
0012013-01-01STEVEN LITVACK2014-06-11
0012012-01-01STEVEN LITVACK2013-06-17
0012011-01-01STEVEN LITVACK2012-06-04
0012010-01-01STEVEN LITVACK2011-04-21

Plan Statistics for THE CENTER FOR ALLIED HEALTH AND NURSING EDUCATION 401K PLAN

401k plan membership statisitcs for THE CENTER FOR ALLIED HEALTH AND NURSING EDUCATION 401K PLAN

Measure Date Value
2016: THE CENTER FOR ALLIED HEALTH AND NURSING EDUCATION 401K PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01189
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-015
Total of all active and inactive participants2016-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-015
Number of participants with account balances2016-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: THE CENTER FOR ALLIED HEALTH AND NURSING EDUCATION 401K PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01185
Total number of active participants reported on line 7a of the Form 55002015-01-01181
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-018
Total of all active and inactive participants2015-01-01189
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01189
Number of participants with account balances2015-01-0121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010

Financial Data on THE CENTER FOR ALLIED HEALTH AND NURSING EDUCATION 401K PLAN

Measure Date Value
2016 : THE CENTER FOR ALLIED HEALTH AND NURSING EDUCATION 401K PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$105,867
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$500,167
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$499,207
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$86,539
Value of total assets at end of year2016-12-31$3,582
Value of total assets at beginning of year2016-12-31$397,882
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$960
Total interest from all sources2016-12-31$1,492
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-12-31$0
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$40,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$86,539
Participant contributions at end of year2016-12-31$0
Participant contributions at beginning of year2016-12-31$28,693
Total non interest bearing cash at end of year2016-12-31$0
Total non interest bearing cash at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-394,300
Value of net assets at end of year (total assets less liabilities)2016-12-31$3,582
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$397,882
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in pooled separate accounts at end of year2016-12-31$3,582
Value of interest in pooled separate accounts at beginning of year2016-12-31$292,912
Income. Interest from loans (other than to participants)2016-12-31$272
Interest earned on other investments2016-12-31$1,220
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$76,277
Net investment gain/loss from pooled separate accounts2016-12-31$17,836
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$499,207
Contract administrator fees2016-12-31$960
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31No
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BORIS BENIC & ASSOCIATES LLP
Accountancy firm EIN2016-12-31542190047
2015 : THE CENTER FOR ALLIED HEALTH AND NURSING EDUCATION 401K PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$120,686
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$26,037
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$23,764
Expenses. Certain deemed distributions of participant loans2015-12-31$2,093
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$121,513
Value of total assets at end of year2015-12-31$397,882
Value of total assets at beginning of year2015-12-31$303,233
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$180
Total interest from all sources2015-12-31$3,177
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$40,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$121,513
Participant contributions at end of year2015-12-31$28,693
Participant contributions at beginning of year2015-12-31$37,866
Total non interest bearing cash at end of year2015-12-31$0
Total non interest bearing cash at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$94,649
Value of net assets at end of year (total assets less liabilities)2015-12-31$397,882
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$303,233
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in pooled separate accounts at end of year2015-12-31$292,912
Value of interest in pooled separate accounts at beginning of year2015-12-31$211,288
Income. Interest from loans (other than to participants)2015-12-31$1,604
Interest earned on other investments2015-12-31$1,573
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$76,277
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$54,079
Net investment gain/loss from pooled separate accounts2015-12-31$-4,004
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$23,764
Contract administrator fees2015-12-31$180
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31No
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BORIS BENIC & ASSOCIATES LLP
Accountancy firm EIN2015-12-31542190047

Form 5500 Responses for THE CENTER FOR ALLIED HEALTH AND NURSING EDUCATION 401K PLAN

2016: THE CENTER FOR ALLIED HEALTH AND NURSING EDUCATION 401K PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: THE CENTER FOR ALLIED HEALTH AND NURSING EDUCATION 401K PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberGH0418
Policy instance 1
Insurance contract or identification numberGH0418
Number of Individuals Covered21
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $783
Total amount of fees paid to insurance companyUSD $149
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $783
Insurance broker organization code?3
Amount paid for insurance broker fees149
Additional information about fees paid to insurance brokerTPA PARTNERSHIP PROGRAM
Insurance broker nameASSOCIATED PENSION CONSULTANTS, INC

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