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403(B) THRIFT PLAN OF COMMON GROUND COMMUNITIES, INC. 401k Plan overview

Plan Name403(B) THRIFT PLAN OF COMMON GROUND COMMUNITIES, INC.
Plan identification number 001

403(B) THRIFT PLAN OF COMMON GROUND COMMUNITIES, INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Code section 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
  • Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

COMMON GROUND COMMUNITIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:COMMON GROUND COMMUNITIES, INC.
Employer identification number (EIN):273523909
NAIC Classification:624100
NAIC Description: Individual and Family Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 403(B) THRIFT PLAN OF COMMON GROUND COMMUNITIES, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01CRYSTAL HEMPHILL2022-06-01 CRYSTAL HEMPHILL2022-06-01
0012020-01-01CRYSTAL HEMPHILL2021-08-03
0012019-01-01LOVIE ARTHUR2020-07-28
0012018-01-01LOVIE ARTHUR2019-10-15
0012017-01-01LOVIE ARTHUR2018-07-19 LOVIE ARTHUR2018-07-19
0012016-01-01LOVIE ARTHUR2017-07-28
0012016-01-01LOVIE ARTHUR2017-07-07 LOVIE ARTHUR2017-07-07
0012015-01-01DONNA SMITH2016-07-22 DONNA SMITH2016-07-22
0012015-01-01JAMES CHRISTIANO2016-07-05 JAMES CHRISTIANO2016-07-05
0012014-01-01DONNA SMITH2015-09-21 DONNA SMITH2015-09-21
0012013-01-01ANDREW HAUPT2014-05-15 ANDREW HAUPT2014-05-15
0012012-01-01ANDREW HAUPT2013-07-30 ANDREW HAUPT2013-07-30
0012011-01-01ANDREW HAUPT2012-07-09 ANDREW HAUPT2012-07-09

Financial Data on 403(B) THRIFT PLAN OF COMMON GROUND COMMUNITIES, INC.

Measure Date Value
2022 : 403(B) THRIFT PLAN OF COMMON GROUND COMMUNITIES, INC. 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-38,541
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$219,997
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$218,302
Value of total corrective distributions2022-12-31$850
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,071,925
Value of total assets at end of year2022-12-31$5,779,373
Value of total assets at beginning of year2022-12-31$6,037,911
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$845
Total interest from all sources2022-12-31$3,410
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$108,936
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$108,936
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$684,691
Participant contributions at end of year2022-12-31$49,131
Participant contributions at beginning of year2022-12-31$76,450
Participant contributions at end of year2022-12-31$31,479
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-258,538
Value of net assets at end of year (total assets less liabilities)2022-12-31$5,779,373
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$6,037,911
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$5,613,878
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$5,956,984
Interest on participant loans2022-12-31$2,491
Income. Interest from loans (other than to participants)2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$65,668
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$4,477
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$4,477
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$919
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,222,812
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$387,234
Employer contributions (assets) at end of year2022-12-31$19,217
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$218,302
Contract administrator fees2022-12-31$845
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31NOVOGRADAC & COMPANY LLP
Accountancy firm EIN2022-12-31943108253

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