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AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN 401k Plan overview

Plan NameAMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN
Plan identification number 001

AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN 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.
  • 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

AMERICAN MEDIA INC has sponsored the creation of one or more 401k plans.

Company Name:AMERICAN MEDIA INC
Employer identification number (EIN):650963864
NAIC Classification:511120
NAIC Description:Periodical Publishers

Additional information about AMERICAN MEDIA INC

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1961-07-03
Company Identification Number: 249015

More information about AMERICAN MEDIA INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-04-01CHRISTOPHER POLIMENI
0012012-04-01CHRISTOPHER POLIMENI
0012011-04-01CHRISTOPHER POLIMENI
0012010-04-01CHRIS POLIMENI CHRIS POLIMENI2012-01-16

Plan Statistics for AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN

401k plan membership statisitcs for AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN

Measure Date Value
2013: AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-04-011,106
Total number of active participants reported on line 7a of the Form 55002013-04-01578
Number of retired or separated participants receiving benefits2013-04-012
Number of other retired or separated participants entitled to future benefits2013-04-01272
Total of all active and inactive participants2013-04-01852
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-04-011
Total participants2013-04-01853
Number of participants with account balances2013-04-01528
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-04-011
2012: AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-04-011,143
Total number of active participants reported on line 7a of the Form 55002012-04-01859
Number of retired or separated participants receiving benefits2012-04-012
Number of other retired or separated participants entitled to future benefits2012-04-01244
Total of all active and inactive participants2012-04-011,105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-04-011
Total participants2012-04-011,106
Number of participants with account balances2012-04-01571
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-04-010
2011: AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-04-011,144
Total number of active participants reported on line 7a of the Form 55002011-04-01849
Number of retired or separated participants receiving benefits2011-04-013
Number of other retired or separated participants entitled to future benefits2011-04-01289
Total of all active and inactive participants2011-04-011,141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-04-012
Total participants2011-04-011,143
Number of participants with account balances2011-04-01622
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-04-010
2010: AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-04-011,238
Total number of active participants reported on line 7a of the Form 55002010-04-01850
Number of retired or separated participants receiving benefits2010-04-014
Number of other retired or separated participants entitled to future benefits2010-04-01289
Total of all active and inactive participants2010-04-011,143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-04-011
Total participants2010-04-011,144
Number of participants with account balances2010-04-01654
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-04-010

Financial Data on AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN

Measure Date Value
2014 : AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-03-31$0
Expenses. Interest paid2014-03-31$75
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022014-03-31$75
Total income from all sources (including contributions)2014-03-31$7,088,196
Total loss/gain on sale of assets2014-03-31$0
Total of all expenses incurred2014-03-31$9,009,055
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-03-31$8,955,645
Expenses. Certain deemed distributions of participant loans2014-03-31$52,183
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-03-31$1,933,295
Value of total assets at end of year2014-03-31$39,551,459
Value of total assets at beginning of year2014-03-31$41,472,318
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-03-31$1,152
Total interest from all sources2014-03-31$23,689
Total dividends received (eg from common stock, registered investment company shares)2014-03-31$1,582,428
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-03-31$1,582,428
Was this plan covered by a fidelity bond2014-03-31Yes
Value of fidelity bond cover2014-03-31$5,000,000
If this is an individual account plan, was there a blackout period2014-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-03-31$0
Were there any nonexempt tranactions with any party-in-interest2014-03-31No
Contributions received from participants2014-03-31$1,780,777
Participant contributions at end of year2014-03-31$416,607
Participant contributions at beginning of year2014-03-31$506,326
Income. Received or receivable in cash from other sources (including rollovers)2014-03-31$152,518
Other income not declared elsewhere2014-03-31$44
Administrative expenses (other) incurred2014-03-31$1,152
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-03-31No
Value of net income/loss2014-03-31$-1,920,859
Value of net assets at end of year (total assets less liabilities)2014-03-31$39,551,459
Value of net assets at beginning of year (total assets less liabilities)2014-03-31$41,472,318
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-03-31No
Were any leases to which the plan was party in default or uncollectible2014-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-03-31$30,154,869
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-03-31$28,745,188
Interest on participant loans2014-03-31$23,689
Value of interest in common/collective trusts at end of year2014-03-31$8,979,983
Value of interest in common/collective trusts at beginning of year2014-03-31$12,220,804
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-03-31$2,893,787
Net investment gain or loss from common/collective trusts2014-03-31$654,953
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-03-31No
Was there a failure to transmit to the plan any participant contributions2014-03-31No
Has the plan failed to provide any benefit when due under the plan2014-03-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-03-31$8,955,645
Did the plan have assets held for investment2014-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-03-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-03-31Yes
Opinion of an independent qualified public accountant for this plan2014-03-31Disclaimer
Accountancy firm name2014-03-31KEEFE MCCULLOUGH & CO., LLP
Accountancy firm EIN2014-03-31591363792
2013 : AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-03-31$0
Total income from all sources (including contributions)2013-03-31$4,808,636
Total loss/gain on sale of assets2013-03-31$0
Total of all expenses incurred2013-03-31$5,379,870
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-03-31$5,208,206
Expenses. Certain deemed distributions of participant loans2013-03-31$3,563
Value of total corrective distributions2013-03-31$166,676
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-03-31$1,711,112
Value of total assets at end of year2013-03-31$41,547,661
Value of total assets at beginning of year2013-03-31$42,118,895
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-03-31$1,425
Total interest from all sources2013-03-31$26,369
Total dividends received (eg from common stock, registered investment company shares)2013-03-31$767,079
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-03-31$767,079
Was this plan covered by a fidelity bond2013-03-31Yes
Value of fidelity bond cover2013-03-31$5,000,000
If this is an individual account plan, was there a blackout period2013-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-03-31$0
Were there any nonexempt tranactions with any party-in-interest2013-03-31No
Contributions received from participants2013-03-31$1,636,098
Participant contributions at end of year2013-03-31$506,326
Participant contributions at beginning of year2013-03-31$480,640
Participant contributions at end of year2013-03-31$75,343
Participant contributions at beginning of year2013-03-31$67,330
Income. Received or receivable in cash from other sources (including rollovers)2013-03-31$75,014
Other income not declared elsewhere2013-03-31$14
Administrative expenses (other) incurred2013-03-31$1,425
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-03-31No
Value of net income/loss2013-03-31$-571,234
Value of net assets at end of year (total assets less liabilities)2013-03-31$41,547,661
Value of net assets at beginning of year (total assets less liabilities)2013-03-31$42,118,895
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-03-31No
Were any leases to which the plan was party in default or uncollectible2013-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-03-31$28,745,188
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-03-31$28,967,767
Interest on participant loans2013-03-31$26,369
Value of interest in common/collective trusts at end of year2013-03-31$12,220,804
Value of interest in common/collective trusts at beginning of year2013-03-31$12,603,158
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-03-31$1,822,814
Net investment gain or loss from common/collective trusts2013-03-31$481,248
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-03-31No
Was there a failure to transmit to the plan any participant contributions2013-03-31No
Has the plan failed to provide any benefit when due under the plan2013-03-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-03-31$5,208,206
Did the plan have assets held for investment2013-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-03-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-03-31Yes
Opinion of an independent qualified public accountant for this plan2013-03-31Disclaimer
Accountancy firm name2013-03-31KEEFE MCCULLOUGH & CO., LLP
Accountancy firm EIN2013-03-31591363792
2012 : AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-03-31$0
Total income from all sources (including contributions)2012-03-31$4,123,655
Total loss/gain on sale of assets2012-03-31$0
Total of all expenses incurred2012-03-31$5,928,672
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-03-31$5,838,700
Expenses. Certain deemed distributions of participant loans2012-03-31$70,484
Value of total corrective distributions2012-03-31$3,725
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-03-31$2,257,790
Value of total assets at end of year2012-03-31$42,118,895
Value of total assets at beginning of year2012-03-31$43,923,912
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-03-31$15,763
Total interest from all sources2012-03-31$29,641
Total dividends received (eg from common stock, registered investment company shares)2012-03-31$464,039
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-03-31$464,039
Was this plan covered by a fidelity bond2012-03-31Yes
Value of fidelity bond cover2012-03-31$5,000,000
If this is an individual account plan, was there a blackout period2012-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-03-31$0
Were there any nonexempt tranactions with any party-in-interest2012-03-31No
Contributions received from participants2012-03-31$1,706,349
Participant contributions at end of year2012-03-31$480,640
Participant contributions at beginning of year2012-03-31$631,853
Participant contributions at end of year2012-03-31$67,330
Income. Received or receivable in cash from other sources (including rollovers)2012-03-31$551,441
Administrative expenses (other) incurred2012-03-31$15,763
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-03-31No
Value of net income/loss2012-03-31$-1,805,017
Value of net assets at end of year (total assets less liabilities)2012-03-31$42,118,895
Value of net assets at beginning of year (total assets less liabilities)2012-03-31$43,923,912
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-03-31No
Were any leases to which the plan was party in default or uncollectible2012-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-03-31$28,967,767
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-03-31$30,596,852
Interest on participant loans2012-03-31$29,641
Value of interest in common/collective trusts at end of year2012-03-31$12,603,158
Value of interest in common/collective trusts at beginning of year2012-03-31$12,695,207
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-03-31$594,794
Net investment gain or loss from common/collective trusts2012-03-31$777,391
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-03-31No
Was there a failure to transmit to the plan any participant contributions2012-03-31No
Has the plan failed to provide any benefit when due under the plan2012-03-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-03-31$5,838,700
Did the plan have assets held for investment2012-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-03-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-03-31Yes
Opinion of an independent qualified public accountant for this plan2012-03-31Disclaimer
Accountancy firm name2012-03-31KEEFE MCCULLOUGH & CO., LLP
Accountancy firm EIN2012-03-31591363792
2011 : AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-03-31$0
Total income from all sources (including contributions)2011-03-31$6,290,330
Total loss/gain on sale of assets2011-03-31$0
Total of all expenses incurred2011-03-31$4,048,139
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-03-31$4,028,648
Expenses. Certain deemed distributions of participant loans2011-03-31$2,866
Value of total corrective distributions2011-03-31$250
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-03-31$2,007,624
Value of total assets at end of year2011-03-31$43,923,912
Value of total assets at beginning of year2011-03-31$41,681,721
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-03-31$16,375
Total interest from all sources2011-03-31$32,695
Total dividends received (eg from common stock, registered investment company shares)2011-03-31$508,421
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-03-31$508,421
Was this plan covered by a fidelity bond2011-03-31Yes
Value of fidelity bond cover2011-03-31$5,000,000
If this is an individual account plan, was there a blackout period2011-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-03-31$0
Were there any nonexempt tranactions with any party-in-interest2011-03-31No
Contributions received from participants2011-03-31$1,955,824
Participant contributions at end of year2011-03-31$631,853
Participant contributions at beginning of year2011-03-31$500,508
Income. Received or receivable in cash from other sources (including rollovers)2011-03-31$51,800
Other income not declared elsewhere2011-03-31$886
Administrative expenses (other) incurred2011-03-31$16,375
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-03-31No
Value of net income/loss2011-03-31$2,242,191
Value of net assets at end of year (total assets less liabilities)2011-03-31$43,923,912
Value of net assets at beginning of year (total assets less liabilities)2011-03-31$41,681,721
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-03-31No
Were any leases to which the plan was party in default or uncollectible2011-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-03-31$30,596,852
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-03-31$28,190,249
Interest on participant loans2011-03-31$32,695
Value of interest in common/collective trusts at end of year2011-03-31$12,695,207
Value of interest in common/collective trusts at beginning of year2011-03-31$12,990,964
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-03-31$3,135,372
Net investment gain or loss from common/collective trusts2011-03-31$605,332
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-03-31No
Was there a failure to transmit to the plan any participant contributions2011-03-31No
Has the plan failed to provide any benefit when due under the plan2011-03-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-03-31$4,028,648
Did the plan have assets held for investment2011-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-03-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-03-31Yes
Opinion of an independent qualified public accountant for this plan2011-03-31Disclaimer
Accountancy firm name2011-03-31KEEFE,MCCULLOUGH & CO., LLC
Accountancy firm EIN2011-03-31591363792

Form 5500 Responses for AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN

2013: AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN 2013 form 5500 responses
2013-04-01Type of plan entitySingle employer plan
2013-04-01Submission has been amendedNo
2013-04-01This submission is the final filingNo
2013-04-01This return/report is a short plan year return/report (less than 12 months)No
2013-04-01Plan is a collectively bargained planNo
2013-04-01Plan funding arrangement – TrustYes
2013-04-01Plan benefit arrangement - TrustYes
2012: AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN 2012 form 5500 responses
2012-04-01Type of plan entitySingle employer plan
2012-04-01Submission has been amendedNo
2012-04-01This submission is the final filingNo
2012-04-01This return/report is a short plan year return/report (less than 12 months)No
2012-04-01Plan is a collectively bargained planNo
2012-04-01Plan funding arrangement – TrustYes
2012-04-01Plan benefit arrangement - TrustYes
2011: AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN 2011 form 5500 responses
2011-04-01Type of plan entitySingle employer plan
2011-04-01Submission has been amendedNo
2011-04-01This submission is the final filingNo
2011-04-01This return/report is a short plan year return/report (less than 12 months)No
2011-04-01Plan is a collectively bargained planNo
2011-04-01Plan funding arrangement – TrustYes
2011-04-01Plan benefit arrangement - TrustYes
2010: AMERICAN MEDIA, INC. EMPLOYEE PROFIT SHARING PLAN 2010 form 5500 responses
2010-04-01Type of plan entitySingle employer plan
2010-04-01Submission has been amendedNo
2010-04-01This submission is the final filingNo
2010-04-01This return/report is a short plan year return/report (less than 12 months)No
2010-04-01Plan is a collectively bargained planNo
2010-04-01Plan funding arrangement – TrustYes
2010-04-01Plan benefit arrangement - TrustYes

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