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AMERICAN MEDIA LLC EMPLOYEE PROFIT SHARING PLAN 401k Plan overview

Plan NameAMERICAN MEDIA LLC EMPLOYEE PROFIT SHARING PLAN
Plan identification number 001

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

Company Name:AMERICAN MEDIA LLC
Employer identification number (EIN):832179622
NAIC Classification:511110
NAIC Description:Newspaper Publishers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AMERICAN MEDIA LLC EMPLOYEE PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-04-01
0012018-04-01

Plan Statistics for AMERICAN MEDIA LLC EMPLOYEE PROFIT SHARING PLAN

401k plan membership statisitcs for AMERICAN MEDIA LLC EMPLOYEE PROFIT SHARING PLAN

Measure Date Value
2019: AMERICAN MEDIA LLC EMPLOYEE PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-04-01694
Total number of active participants reported on line 7a of the Form 55002019-04-01441
Number of retired or separated participants receiving benefits2019-04-010
Number of other retired or separated participants entitled to future benefits2019-04-01264
Total of all active and inactive participants2019-04-01705
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-04-012
Total participants2019-04-01707
Number of participants with account balances2019-04-01452
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-04-010
2018: AMERICAN MEDIA LLC EMPLOYEE PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-04-01637
Total number of active participants reported on line 7a of the Form 55002018-04-01480
Number of retired or separated participants receiving benefits2018-04-010
Number of other retired or separated participants entitled to future benefits2018-04-01257
Total of all active and inactive participants2018-04-01737
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-04-012
Total participants2018-04-01739
Number of participants with account balances2018-04-01445
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-04-010

Financial Data on AMERICAN MEDIA LLC EMPLOYEE PROFIT SHARING PLAN

Measure Date Value
2020 : AMERICAN MEDIA LLC EMPLOYEE PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-03-31$0
Total transfer of assets to this plan2020-03-31$0
Total transfer of assets from this plan2020-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-03-31$0
Total income from all sources (including contributions)2020-03-31$-356,414
Total loss/gain on sale of assets2020-03-31$0
Total of all expenses incurred2020-03-31$3,256,440
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-03-31$3,241,857
Expenses. Certain deemed distributions of participant loans2020-03-31$13,983
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-03-31$1,579,039
Value of total assets at end of year2020-03-31$29,137,671
Value of total assets at beginning of year2020-03-31$32,750,525
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-03-31$600
Total interest from all sources2020-03-31$20,442
Total dividends received (eg from common stock, registered investment company shares)2020-03-31$1,310,202
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-03-31$1,310,202
Was this plan covered by a fidelity bond2020-03-31Yes
Value of fidelity bond cover2020-03-31$500,000
If this is an individual account plan, was there a blackout period2020-03-31No
Were there any nonexempt tranactions with any party-in-interest2020-03-31No
Contributions received from participants2020-03-31$1,521,994
Participant contributions at end of year2020-03-31$303,850
Participant contributions at beginning of year2020-03-31$325,181
Income. Received or receivable in cash from other sources (including rollovers)2020-03-31$57,045
Other income not declared elsewhere2020-03-31$18,238
Administrative expenses (other) incurred2020-03-31$600
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-03-31No
Value of net income/loss2020-03-31$-3,612,854
Value of net assets at end of year (total assets less liabilities)2020-03-31$29,137,671
Value of net assets at beginning of year (total assets less liabilities)2020-03-31$32,750,525
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-03-31No
Were any leases to which the plan was party in default or uncollectible2020-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-03-31$22,860,146
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-03-31$26,751,588
Interest on participant loans2020-03-31$20,442
Value of interest in common/collective trusts at end of year2020-03-31$5,973,675
Value of interest in common/collective trusts at beginning of year2020-03-31$5,673,756
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-03-31$-3,089,627
Net investment gain or loss from common/collective trusts2020-03-31$-194,708
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-03-31No
Was there a failure to transmit to the plan any participant contributions2020-03-31No
Has the plan failed to provide any benefit when due under the plan2020-03-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-03-31$3,241,857
Did the plan have assets held for investment2020-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-03-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2020-03-31Yes
Opinion of an independent qualified public accountant for this plan2020-03-31Disclaimer
Accountancy firm name2020-03-31KEEFE MCCULLOUGH & CO., LLP
Accountancy firm EIN2020-03-31591363792
2019 : AMERICAN MEDIA LLC EMPLOYEE PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-03-31$0
Total transfer of assets to this plan2019-03-31$61,144
Total transfer of assets from this plan2019-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-03-31$0
Total income from all sources (including contributions)2019-03-31$4,082,363
Total loss/gain on sale of assets2019-03-31$0
Total of all expenses incurred2019-03-31$4,948,170
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-03-31$4,944,077
Expenses. Certain deemed distributions of participant loans2019-03-31$3,418
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-03-31$2,210,480
Value of total assets at end of year2019-03-31$32,750,525
Value of total assets at beginning of year2019-03-31$33,555,188
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-03-31$675
Total interest from all sources2019-03-31$15,736
Total dividends received (eg from common stock, registered investment company shares)2019-03-31$1,856,400
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-03-31$1,856,400
Was this plan covered by a fidelity bond2019-03-31Yes
Value of fidelity bond cover2019-03-31$500,000
If this is an individual account plan, was there a blackout period2019-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-03-31$0
Were there any nonexempt tranactions with any party-in-interest2019-03-31No
Contributions received from participants2019-03-31$1,370,878
Participant contributions at end of year2019-03-31$325,181
Participant contributions at beginning of year2019-03-31$211,471
Income. Received or receivable in cash from other sources (including rollovers)2019-03-31$839,602
Other income not declared elsewhere2019-03-31$250
Administrative expenses (other) incurred2019-03-31$675
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-03-31No
Value of net income/loss2019-03-31$-865,807
Value of net assets at end of year (total assets less liabilities)2019-03-31$32,750,525
Value of net assets at beginning of year (total assets less liabilities)2019-03-31$33,555,188
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-03-31No
Were any leases to which the plan was party in default or uncollectible2019-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-03-31$26,751,588
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-03-31$26,369,438
Interest on participant loans2019-03-31$15,736
Value of interest in common/collective trusts at end of year2019-03-31$5,673,756
Value of interest in common/collective trusts at beginning of year2019-03-31$6,974,279
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-03-31$-358,626
Net investment gain or loss from common/collective trusts2019-03-31$358,123
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-03-31No
Was there a failure to transmit to the plan any participant contributions2019-03-31No
Has the plan failed to provide any benefit when due under the plan2019-03-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-03-31$4,944,077
Did the plan have assets held for investment2019-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-03-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-03-31Yes
Opinion of an independent qualified public accountant for this plan2019-03-31Disclaimer
Accountancy firm name2019-03-31KEEFE MCCULLOUGH & CO., LLP
Accountancy firm EIN2019-03-31591363792

Form 5500 Responses for AMERICAN MEDIA LLC EMPLOYEE PROFIT SHARING PLAN

2019: AMERICAN MEDIA LLC EMPLOYEE PROFIT SHARING PLAN 2019 form 5500 responses
2019-04-01Type of plan entitySingle employer plan
2019-04-01Submission has been amendedNo
2019-04-01This submission is the final filingNo
2019-04-01This return/report is a short plan year return/report (less than 12 months)No
2019-04-01Plan is a collectively bargained planNo
2019-04-01Plan funding arrangement – TrustYes
2019-04-01Plan benefit arrangement - TrustYes
2018: AMERICAN MEDIA LLC EMPLOYEE PROFIT SHARING PLAN 2018 form 5500 responses
2018-04-01Type of plan entitySingle employer plan
2018-04-01Submission has been amendedNo
2018-04-01This submission is the final filingNo
2018-04-01This return/report is a short plan year return/report (less than 12 months)No
2018-04-01Plan is a collectively bargained planNo
2018-04-01Plan funding arrangement – TrustYes
2018-04-01Plan benefit arrangement - TrustYes

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