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JOHN F. KENNEDY UNIVERSITY 401K PLAN 401k Plan overview

Plan NameJOHN F. KENNEDY UNIVERSITY 401K PLAN
Plan identification number 001

JOHN F. KENNEDY UNIVERSITY 401K PLAN 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.
  • 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

JOHN F. KENNEDY UNIVERSITY has sponsored the creation of one or more 401k plans.

Company Name:JOHN F. KENNEDY UNIVERSITY
Employer identification number (EIN):941610694
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JOHN F. KENNEDY UNIVERSITY 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-01-01STEVEN A. STARGARDTER
0012009-01-01SOO JEU

Plan Statistics for JOHN F. KENNEDY UNIVERSITY 401K PLAN

401k plan membership statisitcs for JOHN F. KENNEDY UNIVERSITY 401K PLAN

Measure Date Value
2011: JOHN F. KENNEDY UNIVERSITY 401K PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01264
Total number of active participants reported on line 7a of the Form 55002011-01-010
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-010
Number of participants with account balances2011-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: JOHN F. KENNEDY UNIVERSITY 401K PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01254
Total number of active participants reported on line 7a of the Form 55002009-01-01248
Number of retired or separated participants receiving benefits2009-01-0136
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-01284
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01284
Number of participants with account balances2009-01-01252
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0113

Financial Data on JOHN F. KENNEDY UNIVERSITY 401K PLAN

Measure Date Value
2011 : JOHN F. KENNEDY UNIVERSITY 401K PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-06-07$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-06-07$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-06-07$0
Total income from all sources (including contributions)2011-06-07$115,169
Total loss/gain on sale of assets2011-06-07$0
Total of all expenses incurred2011-06-07$3,914,282
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-06-07$3,858,383
Expenses. Certain deemed distributions of participant loans2011-06-07$14,111
Value of total corrective distributions2011-06-07$984
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-06-07$0
Value of total assets at end of year2011-06-07$0
Value of total assets at beginning of year2011-06-07$3,799,113
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-06-07$40,804
Total interest from all sources2011-06-07$964
Total dividends received (eg from common stock, registered investment company shares)2011-06-07$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-06-07Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-06-07$0
Administrative expenses professional fees incurred2011-06-07$30,259
Was this plan covered by a fidelity bond2011-06-07Yes
Value of fidelity bond cover2011-06-07$15,000,000
If this is an individual account plan, was there a blackout period2011-06-07No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-06-07$0
Were there any nonexempt tranactions with any party-in-interest2011-06-07No
Participant contributions at end of year2011-06-07$0
Participant contributions at beginning of year2011-06-07$54,207
Other income not declared elsewhere2011-06-07$3
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-06-07No
Value of net income/loss2011-06-07$-3,799,113
Value of net assets at end of year (total assets less liabilities)2011-06-07$0
Value of net assets at beginning of year (total assets less liabilities)2011-06-07$3,799,113
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-06-07No
Were any loans by the plan or fixed income obligations due to the plan in default2011-06-07No
Were any leases to which the plan was party in default or uncollectible2011-06-07No
Investment advisory and management fees2011-06-07$8,111
Value of interest in pooled separate accounts at end of year2011-06-07$0
Value of interest in pooled separate accounts at beginning of year2011-06-07$3,642,543
Interest on participant loans2011-06-07$964
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-06-07$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-06-07$9,980
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-06-07$9,980
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-06-07$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-06-07$92,383
Net investment gain/loss from pooled separate accounts2011-06-07$114,202
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-06-07No
Was there a failure to transmit to the plan any participant contributions2011-06-07No
Has the plan failed to provide any benefit when due under the plan2011-06-07No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-06-07$3,858,383
Contract administrator fees2011-06-07$2,434
Did the plan have assets held for investment2011-06-07Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-06-07No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-06-07Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-06-07Yes
Opinion of an independent qualified public accountant for this plan2011-06-07Disclaimer
Accountancy firm name2011-06-07JGD & ASSOCIATES LLP
Accountancy firm EIN2011-06-07953132551
2010 : JOHN F. KENNEDY UNIVERSITY 401K PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$781,816
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$397,398
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$366,867
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$360,803
Value of total assets at end of year2010-12-31$3,799,113
Value of total assets at beginning of year2010-12-31$3,414,695
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$30,531
Total interest from all sources2010-12-31$2,382
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-12-31$0
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$300,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$360,803
Participant contributions at end of year2010-12-31$54,207
Participant contributions at beginning of year2010-12-31$34,161
Administrative expenses (other) incurred2010-12-31$7,585
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$384,418
Value of net assets at end of year (total assets less liabilities)2010-12-31$3,799,113
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$3,414,695
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$17,344
Value of interest in pooled separate accounts at end of year2010-12-31$3,642,543
Value of interest in pooled separate accounts at beginning of year2010-12-31$3,104,285
Interest on participant loans2010-12-31$2,382
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$9,980
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$204,658
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$204,658
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$92,383
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$71,591
Net investment gain/loss from pooled separate accounts2010-12-31$418,631
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$366,867
Contract administrator fees2010-12-31$5,602
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31JGD & ASSOCIATES LLP
Accountancy firm EIN2010-12-31953132551
2009 : JOHN F. KENNEDY UNIVERSITY 401K PLAN 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 JOHN F. KENNEDY UNIVERSITY 401K PLAN

2011: JOHN F. KENNEDY UNIVERSITY 401K PLAN 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 filingYes
2011-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: JOHN F. KENNEDY UNIVERSITY 401K PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
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 is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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