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CMI 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameCMI 401K PROFIT SHARING PLAN
Plan identification number 001

CMI 401K PROFIT SHARING 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:CREDIT MEDIATORS, INC.
Employer identification number (EIN):231999677
NAIC Classification:522210
NAIC Description:Credit Card Issuing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CMI 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01NANCY SEIVERD2024-07-17
0012022-01-01NANCY SEIVERD2023-02-09
0012021-01-01NANCY SEIVERD2022-09-08
0012020-01-01NANCY SEIVERD2021-07-07
0012019-01-01NANCY SEIVERD2020-05-04
0012018-01-01NANCY SEIVERD2019-05-07
0012017-01-01NANCY SEIVERD2018-09-19
0012016-01-01NANCY SEIVERD2017-10-04
0012015-01-01NANCY SEIVERD2016-11-18
0012015-01-01NANCY SEIVERD2016-08-02
0012014-01-01NANCY SEIVERD2015-10-06
0012013-01-01NANCY SEIVERD2014-09-30
0012012-01-01NANCY SEIVERD2013-05-16
0012011-01-01NANCY SEIVERD2012-05-31
0012009-01-01NANCY SEIVERD NANCY SEIVERD2010-10-12

Financial Data on CMI 401K PROFIT SHARING PLAN

Measure Date Value
2025 : CMI 401K PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-03-2567124
Net assets as of the end of the plan year2025-03-251089074
Total assets as of the beginning of the plan year2025-03-25955475
Value of plan covered by a fidelity bond2025-03-25500000
Participant contributions to plan in this plan year2025-03-2568676
Value of participant loans at end of plan year2025-03-255681
Other income to plan in this plan year2025-03-25109274
Plan net income in this plan year2025-03-25133599
Net assets as of the end of the plan year2025-03-251089074
Net assets as of the beginning of the plan year2025-03-25955475
Employer contributions to plan in this plan year2025-03-2522773
Fees paid to broker by Benefit Provider2025-03-255075
Expensese paid to adminstrative service provicers from plan in this plan year2025-03-258815
2024 : CMI 401K PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-1765569
Net assets as of the end of the plan year2024-07-17955475
Total assets as of the beginning of the plan year2024-07-17794993
Value of plan covered by a fidelity bond2024-07-17500000
Participant contributions to plan in this plan year2024-07-1765887
Value of participant loans at end of plan year2024-07-176167
Other expenses paid from plan in this plan year2024-07-178082
Other income to plan in this plan year2024-07-17136449
Plan net income in this plan year2024-07-17160482
Net assets as of the end of the plan year2024-07-17955475
Net assets as of the beginning of the plan year2024-07-17794993
Employer contributions to plan in this plan year2024-07-1723715
Fees paid to broker by Benefit Provider2024-07-174279
2010 : CMI 401K PROFIT SHARING PLAN 2010 401k financial data
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$97,616
Expenses. Total of all expenses incurred2010-12-31$17,978
Benefits paid (including direct rollovers)2010-12-31$14,429
Total plan assets at end of year2010-12-31$344,470
Total plan assets at beginning of year2010-12-31$264,832
Value of fidelity bond covering the plan2010-12-31$50,000
Total contributions received or receivable from participants2010-12-31$44,624
Contributions received from other sources (not participants or employers)2010-12-31$2,411
Other income received2010-12-31$39,495
Net income (gross income less expenses)2010-12-31$79,638
Net plan assets at end of year (total assets less liabilities)2010-12-31$344,470
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$264,832
Assets. Value of participant loans2010-12-31$5,147
Total contributions received or receivable from employer(s)2010-12-31$11,086
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$3,549
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : CMI 401K PROFIT SHARING 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 CMI 401K PROFIT SHARING PLAN

2009: CMI 401K PROFIT SHARING 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 – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract numberGP 76089
Policy instance 1

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