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EMPLOYEE BENEFIT PLAN OF THE ARC OF THE SHOALS 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF THE ARC OF THE SHOALS
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF THE ARC OF THE SHOALS 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.
  • 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.
  • 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

ARC OF THE SHOALS has sponsored the creation of one or more 401k plans.

Company Name:ARC OF THE SHOALS
Employer identification number (EIN):630412649
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 THE ARC OF THE SHOALS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01KIM SENNETT2024-07-19
0012022-01-01KIM SENNETT2023-09-28
0012021-01-01KIM SENNETT2022-07-22
0012020-01-01KIM SENNETT2021-07-08
0012019-01-01KIM SENNETT2020-06-11
0012018-01-01KIM SENNETT2019-07-23
0012017-01-01KIM SENNETT2018-07-18 KIM SENNETT2018-07-18
0012016-01-01KIM SENNETT2017-07-27
0012015-01-01KIM SENNETT2016-06-23
0012014-01-01KIM SENNETT2015-07-21
0012013-01-01KIM SENNETT2014-07-24

Financial Data on EMPLOYEE BENEFIT PLAN OF THE ARC OF THE SHOALS

Measure Date Value
2025 : EMPLOYEE BENEFIT PLAN OF THE ARC OF THE SHOALS 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-300
Total liabilities as of the end of the plan year2025-07-300
Total liabilities as of the beginning of the plan year2025-07-300
Total expenses incurred by plan in this plan year2025-07-3056563
Net assets as of the end of the plan year2025-07-301619462
Total assets as of the beginning of the plan year2025-07-301421355
Value of plan covered by a fidelity bond2025-07-301000000
Participant contributions to plan in this plan year2025-07-3060372
Value of participant loans at end of plan year2025-07-3039960
Other expenses paid from plan in this plan year2025-07-300
Other contributions to plan in this plan year2025-07-300
Other income to plan in this plan year2025-07-30143319
Plan net income in this plan year2025-07-30198107
Net assets as of the end of the plan year2025-07-301619462
Net assets as of the beginning of the plan year2025-07-301421355
Employer contributions to plan in this plan year2025-07-3050979
Fees paid to broker by Benefit Provider2025-07-30232
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-30497
2024 : EMPLOYEE BENEFIT PLAN OF THE ARC OF THE SHOALS 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-190
Total liabilities as of the end of the plan year2024-07-190
Total liabilities as of the beginning of the plan year2024-07-190
Total expenses incurred by plan in this plan year2024-07-1965091
Net assets as of the end of the plan year2024-07-191421355
Total assets as of the beginning of the plan year2024-07-191242623
Value of plan covered by a fidelity bond2024-07-191000000
Participant contributions to plan in this plan year2024-07-1954011
Value of participant loans at end of plan year2024-07-1937484
Other expenses paid from plan in this plan year2024-07-190
Other contributions to plan in this plan year2024-07-190
Other income to plan in this plan year2024-07-19139831
Plan net income in this plan year2024-07-19178732
Net assets as of the end of the plan year2024-07-191421355
Net assets as of the beginning of the plan year2024-07-191242623
Employer contributions to plan in this plan year2024-07-1949981
Fees paid to broker by Benefit Provider2024-07-19137
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-19421
2022 : EMPLOYEE BENEFIT PLAN OF THE ARC OF THE SHOALS 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-220
Total liabilities as of the end of the plan year2022-07-220
Total liabilities as of the beginning of the plan year2022-07-220
Total expenses incurred by plan in this plan year2022-07-2263549
Net assets as of the end of the plan year2022-07-221354544
Total assets as of the beginning of the plan year2022-07-221195580
Value of plan covered by a fidelity bond2022-07-221000000
Participant contributions to plan in this plan year2022-07-2253692
Value of participant loans at end of plan year2022-07-2210830
Other expenses paid from plan in this plan year2022-07-221397
Other contributions to plan in this plan year2022-07-22415
Other income to plan in this plan year2022-07-22118014
Plan net income in this plan year2022-07-22158964
Net assets as of the end of the plan year2022-07-221354544
Net assets as of the beginning of the plan year2022-07-221195580
Employer contributions to plan in this plan year2022-07-2250392
Fees paid to broker by Benefit Provider2022-07-22155

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