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THE CENTER OF PRAISE 401 K PROFIT SHARING PLAN TRUST 401k Plan overview

Plan NameTHE CENTER OF PRAISE 401 K PROFIT SHARING PLAN TRUST
Plan identification number 001

THE CENTER OF PRAISE 401 K PROFIT SHARING PLAN TRUST 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.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

THE CENTER OF PRAISE has sponsored the creation of one or more 401k plans.

Company Name:THE CENTER OF PRAISE
Employer identification number (EIN):680230211
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CENTER OF PRAISE 401 K PROFIT SHARING PLAN TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01STARLA MILLER2023-04-18 WAYNE KIRKLING2023-04-18
0012021-01-01STARLA MILLER2022-05-27
0012020-01-01STARLA MILLER2021-06-18 WAYNE KIRKLING2021-06-18
0012019-01-01STARLA MILLER2020-04-14 WAYNE KIRKLING2020-04-14
0012018-01-01STARLA MILLER2019-07-03
0012017-01-01YVETTE SWAFFORD2018-07-24
0012016-01-01YVETTE L SWAFFORD2017-06-28
0012015-01-01YVETTE SWAFFORD2016-07-21
0012014-01-01YVETTE MOSLEY2015-05-27
0012013-01-01YVETTE SWAFFORD-MOSLEY2014-07-22
0012012-01-01THE CENTER OF PRAISE2013-07-30
0012011-01-01THE CENTER OF PRAISE2012-05-16
0012010-01-01CENTER OF PRAISE2011-06-08
0012007-01-01YVETTE MOSLEY

Plan Statistics for THE CENTER OF PRAISE 401 K PROFIT SHARING PLAN TRUST

401k plan membership statisitcs for THE CENTER OF PRAISE 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2007: THE CENTER OF PRAISE 401 K PROFIT SHARING PLAN TRUST 2007 401k membership
Total participants, beginning-of-year2007-01-014
Total number of active participants reported on line 7a of the Form 55002007-01-0112
Number of retired or separated participants receiving benefits2007-01-010
Number of other retired or separated participants entitled to future benefits2007-01-011
Total of all active and inactive participants2007-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2007-01-010
Total participants2007-01-0113
Number of participants with account balances2007-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-01-010

Form 5500 Responses for THE CENTER OF PRAISE 401 K PROFIT SHARING PLAN TRUST

2007: THE CENTER OF PRAISE 401 K PROFIT SHARING PLAN TRUST 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01First time form 5500 has been submittedYes
2007-01-01Submission has been amendedNo
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo
2007-01-01Plan funding arrangement – TrustYes
2007-01-01Plan benefit arrangement - TrustYes

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