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403(B) THRIFT PLAN OF RURAL ECONOMIC DEVELOPMENT CENTER,INC. 401k Plan overview

Plan Name403(B) THRIFT PLAN OF RURAL ECONOMIC DEVELOPMENT CENTER,INC.
Plan identification number 001

403(B) THRIFT PLAN OF RURAL ECONOMIC DEVELOPMENT CENTER,INC. 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

RURAL ECONOMIC DEVELOPMENT CENTER, INC. has sponsored the creation of one or more 401k plans.

Company Name:RURAL ECONOMIC DEVELOPMENT CENTER, INC.
Employer identification number (EIN):561552375
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 403(B) THRIFT PLAN OF RURAL ECONOMIC DEVELOPMENT CENTER,INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-07-01FRANKLIN ROBERTS2025-01-23
0012022-07-01FRANKLIN ROBERTS2024-01-19
0012021-07-01FRANKLIN ROBERTS2023-02-21
0012020-07-01BRANDON ROSAS2022-01-26
0012019-07-01MARY CLIFFORD2021-01-27
0012018-07-01MARY CLIFFORD2019-09-18
0012017-07-01MARY CLIFFORD2019-01-29
0012016-07-01MARY CLIFFORD2018-01-25 MARY CLIFFORD2018-01-25
0012015-07-01MARY CLIFFORD2017-01-06 MARY CLIFFORD2017-01-06
0012014-07-01MARY CLIFFORD2015-12-02 MARY CLIFFORD2015-12-02
0012013-07-01MARY CLIFFORD2015-01-23
0012012-07-01SUSAN DUNN2013-11-15
0012011-07-01SUSAN E. DUNN2013-01-31 SUSAN E. DUNN2013-01-31
0012010-07-01SUSAN E. DUNN2012-01-24

Financial Data on 403(B) THRIFT PLAN OF RURAL ECONOMIC DEVELOPMENT CENTER,INC.

Measure Date Value
2025 : 403(B) THRIFT PLAN OF RURAL ECONOMIC DEVELOPMENT CENTER,INC. 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-01-230
Total expenses incurred by plan in this plan year2025-01-23931807
Net assets as of the end of the plan year2025-01-239191952
Total assets as of the beginning of the plan year2025-01-238139094
Value of plan covered by a fidelity bond2025-01-23500000
Participant contributions to plan in this plan year2025-01-23256743
Other contributions to plan in this plan year2025-01-2323445
Other income to plan in this plan year2025-01-231222936
Plan net income in this plan year2025-01-231052858
Net assets as of the end of the plan year2025-01-239191952
Net assets as of the beginning of the plan year2025-01-238139094
Employer contributions to plan in this plan year2025-01-23481541
Fees paid to broker by Benefit Provider2025-01-23419
Expensese paid to adminstrative service provicers from plan in this plan year2025-01-23419
2023 : 403(B) THRIFT PLAN OF RURAL ECONOMIC DEVELOPMENT CENTER,INC. 2023 401k financial data
Total transfers to/from plan in this plan year2023-02-210
Total liabilities as of the end of the plan year2023-02-210
Total liabilities as of the beginning of the plan year2023-02-210
Total expenses incurred by plan in this plan year2023-02-21588438
Net assets as of the end of the plan year2023-02-217155318
Total assets as of the beginning of the plan year2023-02-218343164
Value of plan covered by a fidelity bond2023-02-21500000
Participant contributions to plan in this plan year2023-02-21214504
Other expenses paid from plan in this plan year2023-02-210
Other contributions to plan in this plan year2023-02-21161620
Other income to plan in this plan year2023-02-21-1301166
Plan net income in this plan year2023-02-21-1187846
Net assets as of the end of the plan year2023-02-217155318
Net assets as of the beginning of the plan year2023-02-218343164
Employer contributions to plan in this plan year2023-02-21325634
Fees paid to broker by Benefit Provider2023-02-21347
Expensese paid to adminstrative service provicers from plan in this plan year2023-02-21385

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