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CENTER FOR CULTURAL INNOVATION 401k Plan overview

Plan NameCENTER FOR CULTURAL INNOVATION
Plan identification number 001

CENTER FOR CULTURAL INNOVATION 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.
  • Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.
  • 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

CENTER FOR CULTURAL INNOVATION has sponsored the creation of one or more 401k plans.

Company Name:CENTER FOR CULTURAL INNOVATION
Employer identification number (EIN):912156812
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CENTER FOR CULTURAL INNOVATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-07-01LAUREN BAILEY2024-12-16
0012018-01-01LAUREN BAILEY2018-08-24 LAUREN BAILEY2018-08-24
0012017-01-01LAUREN BAILEY2018-07-11
0012016-01-01LAUREN BAILEY2017-06-14

Plan Statistics for CENTER FOR CULTURAL INNOVATION

401k plan membership statisitcs for CENTER FOR CULTURAL INNOVATION

Measure Date Value
2024: CENTER FOR CULTURAL INNOVATION 2024 401k membership
Total number of particpants at beginning of year2024-12-1613
Total number of particpants at end of year2024-12-1617
Number of Participants With Account Balances2024-12-1617

Financial Data on CENTER FOR CULTURAL INNOVATION

Measure Date Value
2024 : CENTER FOR CULTURAL INNOVATION 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-12-160
Total expenses incurred by plan in this plan year2024-12-160
Net assets as of the end of the plan year2024-12-16595151
Total assets as of the beginning of the plan year2024-12-16392437
Participant contributions to plan in this plan year2024-12-16105446
Other contributions to plan in this plan year2024-12-162064
Other income to plan in this plan year2024-12-1677204
Plan net income in this plan year2024-12-16202714
Net assets as of the end of the plan year2024-12-16595151
Net assets as of the beginning of the plan year2024-12-16392437
Employer contributions to plan in this plan year2024-12-1618000
Expensese paid to adminstrative service provicers from plan in this plan year2024-12-160

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