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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.
  • 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.
  • 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
0012023-01-01STARLA MILLER2024-04-25
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

Financial Data on THE CENTER OF PRAISE 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2025 : THE CENTER OF PRAISE 401 K PROFIT SHARING PLAN TRUST 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-07-080
Total expenses incurred by plan in this plan year2025-07-0818402
Net assets as of the end of the plan year2025-07-08218154
Total assets as of the beginning of the plan year2025-07-08157456
Value of plan covered by a fidelity bond2025-07-0820000
Participant contributions to plan in this plan year2025-07-0856319
Value of participant loans at end of plan year2025-07-085113
Other income to plan in this plan year2025-07-0822781
Plan net income in this plan year2025-07-0860698
Net assets as of the end of the plan year2025-07-08218154
Net assets as of the beginning of the plan year2025-07-08157456
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-08454
2024 : THE CENTER OF PRAISE 401 K PROFIT SHARING PLAN TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-250
Total liabilities as of the end of the plan year2024-04-250
Total liabilities as of the beginning of the plan year2024-04-250
Total expenses incurred by plan in this plan year2024-04-2511024
Net assets as of the end of the plan year2024-04-25157456
Total assets as of the beginning of the plan year2024-04-25124091
Value of plan covered by a fidelity bond2024-04-2520000
Participant contributions to plan in this plan year2024-04-2529436
Value of participant loans at end of plan year2024-04-258292
Other expenses paid from plan in this plan year2024-04-250
Other contributions to plan in this plan year2024-04-250
Other income to plan in this plan year2024-04-2514953
Plan net income in this plan year2024-04-2533365
Net assets as of the end of the plan year2024-04-25157456
Net assets as of the beginning of the plan year2024-04-25124091
Employer contributions to plan in this plan year2024-04-250
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-25599
2022 : THE CENTER OF PRAISE 401 K PROFIT SHARING PLAN TRUST 2022 401k financial data
Total transfers to/from plan in this plan year2022-05-270
Total liabilities as of the end of the plan year2022-05-270
Total liabilities as of the beginning of the plan year2022-05-270
Total expenses incurred by plan in this plan year2022-05-27369
Net assets as of the end of the plan year2022-05-27114092
Total assets as of the beginning of the plan year2022-05-2793134
Value of plan covered by a fidelity bond2022-05-2720000
Participant contributions to plan in this plan year2022-05-2711631
Value of participant loans at end of plan year2022-05-273680
Other expenses paid from plan in this plan year2022-05-270
Other contributions to plan in this plan year2022-05-270
Other income to plan in this plan year2022-05-279696
Plan net income in this plan year2022-05-2720958
Net assets as of the end of the plan year2022-05-27114092
Net assets as of the beginning of the plan year2022-05-2793134
Employer contributions to plan in this plan year2022-05-270
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-27369

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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