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CENTER FOR AMERICAN PROGRESS RETIREMENT PLAN 401k Plan overview

Plan NameCENTER FOR AMERICAN PROGRESS RETIREMENT PLAN
Plan identification number 001

CENTER FOR AMERICAN PROGRESS RETIREMENT PLAN 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

CENTER FOR AMERICAN PROGRESS has sponsored the creation of one or more 401k plans.

Company Name:CENTER FOR AMERICAN PROGRESS
Employer identification number (EIN):300192708
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Additional information about CENTER FOR AMERICAN PROGRESS

Jurisdiction of Incorporation: California Department of State
Incorporation Date:
Company Identification Number: C2950858

More information about CENTER FOR AMERICAN PROGRESS

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CENTER FOR AMERICAN PROGRESS RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01SHANE L. BATEMAN SHANE L. BATEMAN2018-08-30

Plan Statistics for CENTER FOR AMERICAN PROGRESS RETIREMENT PLAN

401k plan membership statisitcs for CENTER FOR AMERICAN PROGRESS RETIREMENT PLAN

Measure Date Value
2017: CENTER FOR AMERICAN PROGRESS RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01498
Total number of active participants reported on line 7a of the Form 55002017-01-01286
Number of other retired or separated participants entitled to future benefits2017-01-01180
Total of all active and inactive participants2017-01-01466
Total participants2017-01-01466
Number of participants with account balances2017-01-01375

Financial Data on CENTER FOR AMERICAN PROGRESS RETIREMENT PLAN

Measure Date Value
2017 : CENTER FOR AMERICAN PROGRESS RETIREMENT PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$6,155,009
Total of all expenses incurred2017-12-31$1,241,455
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,162,233
Expenses. Certain deemed distributions of participant loans2017-12-31$12,888
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$2,719,951
Value of total assets at end of year2017-12-31$22,180,556
Value of total assets at beginning of year2017-12-31$17,267,002
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$66,334
Total interest from all sources2017-12-31$3,266
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$408,824
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$408,824
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$1,462,408
Participant contributions at end of year2017-12-31$71,403
Participant contributions at beginning of year2017-12-31$77,331
Participant contributions at end of year2017-12-31$70,847
Participant contributions at beginning of year2017-12-31$44,256
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$104,806
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$30,061
Total non interest bearing cash at beginning of year2017-12-31$20,287
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$4,913,554
Value of net assets at end of year (total assets less liabilities)2017-12-31$22,180,556
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$17,267,002
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$21,801,672
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$16,976,914
Interest on participant loans2017-12-31$3,266
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$182,552
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$73,194
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$73,194
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$3,022,968
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$1,152,737
Employer contributions (assets) at end of year2017-12-31$54,082
Employer contributions (assets) at beginning of year2017-12-31$44,959
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,162,233
Contract administrator fees2017-12-31$66,334
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31RAFFA, P.C.
Accountancy firm EIN2017-12-31521511275

Form 5500 Responses for CENTER FOR AMERICAN PROGRESS RETIREMENT PLAN

2017: CENTER FOR AMERICAN PROGRESS RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

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