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COMMUNITIES IN SCHOOL 401K 401k Plan overview

Plan NameCOMMUNITIES IN SCHOOL 401K
Plan identification number 001

COMMUNITIES IN SCHOOL 401K 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.
  • 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

COMMUNITIES IN SCHOOL OF THE SOUTH PLAINS has sponsored the creation of one or more 401k plans.

Company Name:COMMUNITIES IN SCHOOL OF THE SOUTH PLAINS
Employer identification number (EIN):752819581
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMMUNITIES IN SCHOOL 401K

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01KENNA WEST2024-06-20
0012023-01-01KENNA WEST2024-10-01
0012022-01-01
0012022-01-01KENNA WEST
0012021-01-01KENNA WEST2022-07-01
0012020-01-01KENNA WEST2021-07-07
0012019-01-01KENNA WEST2020-06-25
0012018-01-01KENNA WEST2019-07-11
0012017-01-01KENNA WEST2018-07-12
0012016-01-01KENNA WEST2017-08-03
0012015-04-01

Financial Data on COMMUNITIES IN SCHOOL 401K

Measure Date Value
2025 : COMMUNITIES IN SCHOOL 401K 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-1657733
Net assets as of the end of the plan year2025-06-16558637
Total assets as of the beginning of the plan year2025-06-16417845
Value of plan covered by a fidelity bond2025-06-1655000
Participant contributions to plan in this plan year2025-06-1691731
Value of participant loans at end of plan year2025-06-1614392
Other income to plan in this plan year2025-06-1651599
Plan net income in this plan year2025-06-16140792
Net assets as of the end of the plan year2025-06-16558637
Net assets as of the beginning of the plan year2025-06-16417845
Employer contributions to plan in this plan year2025-06-1655195
Fees paid to broker by Benefit Provider2025-06-168
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-163548
2024 : COMMUNITIES IN SCHOOL 401K 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-0134667
Net assets as of the end of the plan year2024-10-01417845
Total assets as of the beginning of the plan year2024-10-01316598
Value of plan covered by a fidelity bond2024-10-0140000
Participant contributions to plan in this plan year2024-10-0190937
Value of participant loans at end of plan year2024-10-0112003
Other income to plan in this plan year2024-10-0144977
Plan net income in this plan year2024-10-01101247
Net assets as of the end of the plan year2024-10-01417845
Net assets as of the beginning of the plan year2024-10-01316598
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-01106
2022 : COMMUNITIES IN SCHOOL 401K 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$68,398
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$40,366
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$37,456
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$119,271
Value of total assets at end of year2022-12-31$320,014
Value of total assets at beginning of year2022-12-31$291,982
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$2,910
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$40,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$72,033
Participant contributions at end of year2022-12-31$9,846
Participant contributions at beginning of year2022-12-31$13,077
Participant contributions at end of year2022-12-31$3,416
Participant contributions at beginning of year2022-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$2,735
Other income not declared elsewhere2022-12-31$2,197
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$28,032
Value of net assets at end of year (total assets less liabilities)2022-12-31$320,014
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$291,982
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$0
Value of interest in pooled separate accounts at beginning of year2022-12-31$1,367
Value of interest in common/collective trusts at end of year2022-12-31$306,752
Value of interest in common/collective trusts at beginning of year2022-12-31$277,538
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-53,070
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$44,503
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$37,456
Contract administrator fees2022-12-31$2,910
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BOLINGER, SEGARS, GILBERT & MOSS
Accountancy firm EIN2022-12-31750882037
Total expenses incurred by plan in this plan year2022-07-0112130
Net assets as of the end of the plan year2022-07-01291982
Total assets as of the beginning of the plan year2022-07-01163264
Value of plan covered by a fidelity bond2022-07-0140000
Participant contributions to plan in this plan year2022-07-0156541
Value of participant loans at end of plan year2022-07-0113077
Other contributions to plan in this plan year2022-07-0121995
Other income to plan in this plan year2022-07-0128035
Plan net income in this plan year2022-07-01128718
Net assets as of the end of the plan year2022-07-01291982
Net assets as of the beginning of the plan year2022-07-01163264
Employer contributions to plan in this plan year2022-07-0134277
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-01997
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$68,398
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$40,366
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$37,456
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$119,271
Value of total assets at end of year2022-01-01$320,014
Value of total assets at beginning of year2022-01-01$291,982
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$2,910
Total interest from all sources2022-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$40,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$72,033
Participant contributions at end of year2022-01-01$9,846
Participant contributions at beginning of year2022-01-01$13,077
Participant contributions at end of year2022-01-01$3,416
Participant contributions at beginning of year2022-01-01$0
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$2,735
Other income not declared elsewhere2022-01-01$2,197
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$28,032
Value of net assets at end of year (total assets less liabilities)2022-01-01$320,014
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$291,982
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in pooled separate accounts at end of year2022-01-01$0
Value of interest in pooled separate accounts at beginning of year2022-01-01$1,367
Value of interest in common/collective trusts at end of year2022-01-01$306,752
Value of interest in common/collective trusts at beginning of year2022-01-01$277,538
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-53,070
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$44,503
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$37,456
Contract administrator fees2022-01-01$2,910
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01BOLINGER, SEGARS, GILBERT & MOSS
Accountancy firm EIN2022-01-01750882037

Form 5500 Responses for COMMUNITIES IN SCHOOL 401K

2022: COMMUNITIES IN SCHOOL 401K 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number621906
Policy instance 1

Potentially related plans

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