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THE CENTER FOR PROGRESS & EXCELLENCE 401(K) PLAN 401k Plan overview

Plan NameTHE CENTER FOR PROGRESS & EXCELLENCE 401(K) PLAN
Plan identification number 001

THE CENTER FOR PROGRESS & EXCELLENCE 401(K) PLAN 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.
  • 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.

401k Sponsoring company profile

CENTER FOR PROGRESS AND EXCELLENCE INC has sponsored the creation of one or more 401k plans.

Company Name:CENTER FOR PROGRESS AND EXCELLENCE INC
Employer identification number (EIN):474810710
NAIC Classification:624200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CENTER FOR PROGRESS & EXCELLENCE 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01HEATHER CROSS2024-05-24
0012023-01-01HEATHER CROSS2024-07-01
0012022-01-01CHRIS HORNE2023-07-19

Financial Data on THE CENTER FOR PROGRESS & EXCELLENCE 401(K) PLAN

Measure Date Value
2025 : THE CENTER FOR PROGRESS & EXCELLENCE 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-2812571
Net assets as of the end of the plan year2025-07-28201373
Total assets as of the beginning of the plan year2025-07-2843631
Value of plan covered by a fidelity bond2025-07-2810000
Participant contributions to plan in this plan year2025-07-2895003
Other contributions to plan in this plan year2025-07-280
Other income to plan in this plan year2025-07-2820727
Plan net income in this plan year2025-07-28157742
Net assets as of the end of the plan year2025-07-28201373
Net assets as of the beginning of the plan year2025-07-2843631
Value of contributions failed to transmitted timely2025-07-289785
Employer contributions to plan in this plan year2025-07-2854583
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-28406
2024 : THE CENTER FOR PROGRESS & EXCELLENCE 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-010
Total expenses incurred by plan in this plan year2024-07-0112571
Net assets as of the end of the plan year2024-07-01201373
Total assets as of the beginning of the plan year2024-07-0143631
Value of plan covered by a fidelity bond2024-07-0110000
Participant contributions to plan in this plan year2024-07-0195003
Value of participant loans at end of plan year2024-07-010
Other contributions to plan in this plan year2024-07-010
Other income to plan in this plan year2024-07-0120727
Plan net income in this plan year2024-07-01157742
Net assets as of the end of the plan year2024-07-01201373
Net assets as of the beginning of the plan year2024-07-0143631
Value of contributions failed to transmitted timely2024-07-019785
Employer contributions to plan in this plan year2024-07-0154583
Fees paid to broker by Benefit Provider2024-07-010
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-01406

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