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CITIWORKS, INC. PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameCITIWORKS, INC. PROFIT SHARING PLAN AND TRUST
Plan identification number 001

CITIWORKS, INC. PROFIT SHARING PLAN AND 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.
  • 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

CITIWORKS, INC. has sponsored the creation of one or more 401k plans.

Company Name:CITIWORKS, INC.
Employer identification number (EIN):050301358
NAIC Classification:238900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CITIWORKS, INC. PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01EUGENE MCGOVERN
0012011-01-01JOHN CHATFIELD
0012009-01-01EUGENE MCGOVERN
0012009-01-01 EUGENE MCGOVERN2010-04-27

Financial Data on CITIWORKS, INC. PROFIT SHARING PLAN AND TRUST

Measure Date Value
2012 : CITIWORKS, INC. PROFIT SHARING PLAN AND TRUST 2012 401k financial data
Total income from all sources2012-07-26$22,797
Expenses. Total of all expenses incurred2012-07-26$1,357,150
Benefits paid (including direct rollovers)2012-07-26$1,356,242
Total plan assets at end of year2012-07-26$0
Total plan assets at beginning of year2012-07-26$1,334,353
Value of fidelity bond covering the plan2012-07-26$200,000
Other income received2012-07-26$22,797
Net income (gross income less expenses)2012-07-26$-1,334,353
Net plan assets at end of year (total assets less liabilities)2012-07-26$0
Net plan assets at beginning of year (total assets less liabilities)2012-07-26$1,334,353
Assets. Value of participant loans2012-07-26$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-07-26$908
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-07-26$0
2011 : CITIWORKS, INC. PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Total income from all sources2011-12-31$6,778
Expenses. Total of all expenses incurred2011-12-31$913,169
Benefits paid (including direct rollovers)2011-12-31$912,569
Total plan assets at end of year2011-12-31$1,334,353
Total plan assets at beginning of year2011-12-31$2,240,744
Value of fidelity bond covering the plan2011-12-31$200,000
Total contributions received or receivable from participants2011-12-31$31,780
Other income received2011-12-31$-25,002
Net income (gross income less expenses)2011-12-31$-906,391
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,334,353
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,240,744
Assets. Value of participant loans2011-12-31$6,486
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$600
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : CITIWORKS, INC. PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Total income from all sources2010-12-31$225,871
Expenses. Total of all expenses incurred2010-12-31$75,643
Benefits paid (including direct rollovers)2010-12-31$75,493
Total plan assets at end of year2010-12-31$2,240,744
Total plan assets at beginning of year2010-12-31$2,090,516
Value of fidelity bond covering the plan2010-12-31$200,000
Total contributions received or receivable from participants2010-12-31$30,161
Other income received2010-12-31$195,710
Net income (gross income less expenses)2010-12-31$150,228
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,240,744
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$2,090,516
Assets. Value of participant loans2010-12-31$13,629
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$150
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : CITIWORKS, INC. PROFIT SHARING PLAN AND TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for CITIWORKS, INC. PROFIT SHARING PLAN AND TRUST

2012: CITIWORKS, INC. PROFIT SHARING PLAN AND TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: CITIWORKS, INC. PROFIT SHARING PLAN AND TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: CITIWORKS, INC. PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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