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COMMUNITY FIRST MANAGEMENT INC 401k Plan overview

Plan NameCOMMUNITY FIRST MANAGEMENT INC
Plan identification number 001

COMMUNITY FIRST MANAGEMENT INC 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

COMMUNITY FIRST MANAGEMENT INC has sponsored the creation of one or more 401k plans.

Company Name:COMMUNITY FIRST MANAGEMENT INC
Employer identification number (EIN):900724564
NAIC Classification:531310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMMUNITY FIRST MANAGEMENT INC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JEN REESE2024-05-28
0012022-01-01JEN REESE2023-05-30
0012021-01-01JEN REESE2022-06-08
0012020-01-01JEN REESE2022-01-21
0012020-01-01JEN REESE2022-02-28
0012019-02-01JEN REESE2020-06-30

Financial Data on COMMUNITY FIRST MANAGEMENT INC

Measure Date Value
2024 : COMMUNITY FIRST MANAGEMENT INC 2024 401k financial data
Total expenses incurred by plan in this plan year2024-05-2817515
Net assets as of the end of the plan year2024-05-2890850
Total assets as of the beginning of the plan year2024-05-2852078
Value of plan covered by a fidelity bond2024-05-286000
Participant contributions to plan in this plan year2024-05-2829101
Value of participant loans at end of plan year2024-05-287931
Other income to plan in this plan year2024-05-2810390
Plan net income in this plan year2024-05-2838772
Net assets as of the end of the plan year2024-05-2890850
Net assets as of the beginning of the plan year2024-05-2852078
Employer contributions to plan in this plan year2024-05-2816796
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-28923
2022 : COMMUNITY FIRST MANAGEMENT INC 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-08624
Net assets as of the end of the plan year2022-06-0872330
Total assets as of the beginning of the plan year2022-06-0843770
Value of plan covered by a fidelity bond2022-06-085000
Participant contributions to plan in this plan year2022-06-0813297
Value of participant loans at end of plan year2022-06-083079
Other income to plan in this plan year2022-06-086748
Plan net income in this plan year2022-06-0828560
Net assets as of the end of the plan year2022-06-0872330
Net assets as of the beginning of the plan year2022-06-0843770
Employer contributions to plan in this plan year2022-06-089139
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-08624

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