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EMPLOYEE BENEFIT PLAN OF MINNESOTA COMMUNITY ACTION PARTNERSHIP 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF MINNESOTA COMMUNITY ACTION PARTNERSHIP
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF MINNESOTA COMMUNITY ACTION PARTNERSHIP 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.
  • Code section 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
  • 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.

401k Sponsoring company profile

MINNESOTA COMMUNITY ACTION PARTNERS HIP has sponsored the creation of one or more 401k plans.

Company Name:MINNESOTA COMMUNITY ACTION PARTNERS HIP
Employer identification number (EIN):411407742
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF MINNESOTA COMMUNITY ACTION PARTNERSHIP

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LEAH PAULETTI2024-07-26
0012022-01-01LEAH PAULETTI2023-06-20
0012021-01-01LEAH PAULETTI2022-04-14
0012020-01-01LEAH PAULETTI2021-03-25
0012019-01-01LEAH PAULETTI2020-04-13
0012018-01-01LEAH PAULETTI2019-03-19
0012017-01-01ARNIE ANDERSON2018-04-18 ARNIE ANDERSON2018-04-18
0012016-01-01ARNIE ANDERSON2017-04-10 ARNIE ANDERSON2017-04-10
0012015-01-01ARNIE ANDERSON2016-05-12 ARNIE ANDERSON2016-05-12
0012014-01-01ARNIE ANDERSON2015-05-28 ARNIE ANDERSON2015-05-28
0012013-01-01ARNIE ANDERSON2014-07-28 ARNIE ANDERSON2014-07-28
0012012-01-01ARNIE ANDERSON2013-07-23 ARNIE ANDERSON2013-07-23
0012011-01-01ARNIE ANDERSON2012-06-20 ARNIE ANDERSON2012-06-20
0012010-01-01ARNIE ANDERSON2011-05-25 ARNIE ANDERSON2011-05-25

Financial Data on EMPLOYEE BENEFIT PLAN OF MINNESOTA COMMUNITY ACTION PARTNERSHIP

Measure Date Value
2025 : EMPLOYEE BENEFIT PLAN OF MINNESOTA COMMUNITY ACTION PARTNERSHIP 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-140
Total liabilities as of the end of the plan year2025-10-140
Total liabilities as of the beginning of the plan year2025-10-140
Total expenses incurred by plan in this plan year2025-10-14250922
Net assets as of the end of the plan year2025-10-14292968
Total assets as of the beginning of the plan year2025-10-14413797
Value of plan covered by a fidelity bond2025-10-14100000
Participant contributions to plan in this plan year2025-10-1442643
Other expenses paid from plan in this plan year2025-10-140
Other contributions to plan in this plan year2025-10-140
Other income to plan in this plan year2025-10-1464164
Plan net income in this plan year2025-10-14-120829
Net assets as of the end of the plan year2025-10-14292968
Net assets as of the beginning of the plan year2025-10-14413797
Employer contributions to plan in this plan year2025-10-1423286
Fees paid to broker by Benefit Provider2025-10-14141
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-1439
2024 : EMPLOYEE BENEFIT PLAN OF MINNESOTA COMMUNITY ACTION PARTNERSHIP 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-260
Total liabilities as of the end of the plan year2024-07-260
Total liabilities as of the beginning of the plan year2024-07-260
Total expenses incurred by plan in this plan year2024-07-2654863
Net assets as of the end of the plan year2024-07-26413797
Total assets as of the beginning of the plan year2024-07-26347991
Value of plan covered by a fidelity bond2024-07-26100000
Participant contributions to plan in this plan year2024-07-2637205
Other expenses paid from plan in this plan year2024-07-260
Other contributions to plan in this plan year2024-07-260
Other income to plan in this plan year2024-07-2657471
Plan net income in this plan year2024-07-2665806
Net assets as of the end of the plan year2024-07-26413797
Net assets as of the beginning of the plan year2024-07-26347991
Employer contributions to plan in this plan year2024-07-2625993
Fees paid to broker by Benefit Provider2024-07-26229
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-260

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