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CAREER NETWORKS INSTITUTE 401k Plan overview

Plan NameCAREER NETWORKS INSTITUTE
Plan identification number 001

CAREER NETWORKS INSTITUTE 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

CAREER NETWORKS INSTITUTE INC has sponsored the creation of one or more 401k plans.

Company Name:CAREER NETWORKS INSTITUTE INC
Employer identification number (EIN):330607608
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CAREER NETWORKS INSTITUTE

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01TONY FERNANDEZ2024-06-07
0012022-01-01TONY FERNANDEZ2023-06-16
0012021-01-01TONY FERNANDEZ2022-06-21
0012020-01-01TONY FERNANDEZ2021-07-16
0012019-01-01TONY FERNANDEZ2020-07-24
0012018-01-01TONY FERNANDEZ2019-07-31
0012017-01-01CLAUDIA RESTREPO2018-06-14
0012013-01-01TONY FERNANDEZ

Plan Statistics for CAREER NETWORKS INSTITUTE

401k plan membership statisitcs for CAREER NETWORKS INSTITUTE

Measure Date Value
2025: CAREER NETWORKS INSTITUTE 2025 401k membership
Total number of particpants at beginning of year2025-05-30101
Total number of particpants at end of year2025-05-30114
Number of Participants With Account Balances2025-05-30107
2024: CAREER NETWORKS INSTITUTE 2024 401k membership
Total number of particpants at beginning of year2024-06-0783
Total number of particpants at end of year2024-06-0792
Number of Participants With Account Balances2024-06-0788
2022: CAREER NETWORKS INSTITUTE 2022 401k membership
Total number of particpants at beginning of year2022-06-2159
Total number of particpants at end of year2022-06-2168
Number of Participants With Account Balances2022-06-2163
2013: CAREER NETWORKS INSTITUTE 2013 401k membership
Total participants, beginning-of-year2013-01-0135
Total number of active participants reported on line 7a of the Form 55002013-01-0135
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-015
Total of all active and inactive participants2013-01-0140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0140
Number of participants with account balances2013-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010

Financial Data on CAREER NETWORKS INSTITUTE

Measure Date Value
2025 : CAREER NETWORKS INSTITUTE 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-30102399
Net assets as of the end of the plan year2025-05-302706925
Total assets as of the beginning of the plan year2025-05-301971424
Value of plan covered by a fidelity bond2025-05-30198000
Participant contributions to plan in this plan year2025-05-30448437
Value of participant loans at end of plan year2025-05-30109987
Other contributions to plan in this plan year2025-05-309778
Other income to plan in this plan year2025-05-30233300
Plan net income in this plan year2025-05-30735501
Net assets as of the end of the plan year2025-05-302706925
Net assets as of the beginning of the plan year2025-05-301971424
Employer contributions to plan in this plan year2025-05-30146385
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-301355
2024 : CAREER NETWORKS INSTITUTE 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-0744800
Net assets as of the end of the plan year2024-06-071971424
Total assets as of the beginning of the plan year2024-06-071282752
Value of plan covered by a fidelity bond2024-06-07129000
Participant contributions to plan in this plan year2024-06-07350430
Value of participant loans at end of plan year2024-06-0791851
Other income to plan in this plan year2024-06-07250005
Plan net income in this plan year2024-06-07688672
Net assets as of the end of the plan year2024-06-071971424
Net assets as of the beginning of the plan year2024-06-071282752
Employer contributions to plan in this plan year2024-06-07133037
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-071194
2022 : CAREER NETWORKS INSTITUTE 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-2191431
Net assets as of the end of the plan year2022-06-211182108
Total assets as of the beginning of the plan year2022-06-21716418
Value of plan covered by a fidelity bond2022-06-2172000
Participant contributions to plan in this plan year2022-06-21244911
Value of participant loans at end of plan year2022-06-2170416
Other contributions to plan in this plan year2022-06-21162934
Other income to plan in this plan year2022-06-2197326
Plan net income in this plan year2022-06-21465690
Net assets as of the end of the plan year2022-06-211182108
Net assets as of the beginning of the plan year2022-06-21716418
Employer contributions to plan in this plan year2022-06-2151950
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-211375
2015 : CAREER NETWORKS INSTITUTE 2015 401k financial data
Transfers to/from the plan2015-12-18$0
Total plan liabilities at end of year2015-12-18$0
Total plan liabilities at beginning of year2015-12-18$0
Total income from all sources2015-12-18$18,293
Expenses. Total of all expenses incurred2015-12-18$435,812
Benefits paid (including direct rollovers)2015-12-18$435,102
Total plan assets at end of year2015-12-18$0
Total plan assets at beginning of year2015-12-18$417,519
Total contributions received or receivable from participants2015-12-18$14,712
Expenses. Other expenses not covered elsewhere2015-12-18$0
Contributions received from other sources (not participants or employers)2015-12-18$0
Other income received2015-12-18$3,581
Noncash contributions received2015-12-18$0
Net income (gross income less expenses)2015-12-18$-417,519
Net plan assets at end of year (total assets less liabilities)2015-12-18$0
Net plan assets at beginning of year (total assets less liabilities)2015-12-18$417,519
Assets. Value of participant loans2015-12-18$0
Total contributions received or receivable from employer(s)2015-12-18$0
Value of certain deemed distributions of participant loans2015-12-18$0
Value of corrective distributions2015-12-18$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-18$710
2014 : CAREER NETWORKS INSTITUTE 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$54,960
Expenses. Total of all expenses incurred2014-12-31$75,112
Benefits paid (including direct rollovers)2014-12-31$74,582
Total plan assets at end of year2014-12-31$417,519
Total plan assets at beginning of year2014-12-31$437,671
Total contributions received or receivable from participants2014-12-31$29,165
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$25,795
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$-20,152
Net plan assets at end of year (total assets less liabilities)2014-12-31$417,519
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$437,671
Assets. Value of participant loans2014-12-31$88,087
Total contributions received or receivable from employer(s)2014-12-31$0
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$530
2013 : CAREER NETWORKS INSTITUTE 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$93,515
Expenses. Total of all expenses incurred2013-12-31$23,542
Benefits paid (including direct rollovers)2013-12-31$22,987
Total plan assets at end of year2013-12-31$437,671
Total plan assets at beginning of year2013-12-31$367,698
Total contributions received or receivable from participants2013-12-31$33,134
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$60,381
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$69,973
Net plan assets at end of year (total assets less liabilities)2013-12-31$437,671
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$367,698
Assets. Value of participant loans2013-12-31$103,854
Total contributions received or receivable from employer(s)2013-12-31$0
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$555

Form 5500 Responses for CAREER NETWORKS INSTITUTE

2013: CAREER NETWORKS INSTITUTE 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes

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