401k Plan data: DREXEL ELEARNING 401K PLAN plan

DREXEL ELEARNING 401K PLAN 401k Plan overview

Plan Name	DREXEL ELEARNING 401K PLAN
Plan identification number	001

DREXEL ELEARNING 401K PLAN Benefits

401k Plan Type

Defined 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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name: DREXEL ELEARNING, INC.

Employer identification number (EIN): 233068200

NAIC Classification: 611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DREXEL ELEARNING 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2014-01-01 WAYNE W. WETTERLUND
001 2013-01-01 WAYNE W. WETTERLUND
001 2012-01-01 WAYNE W. WETTERLUND 2014-09-09
001 2011-01-01 MARIBETH HIGGINS
001 2010-01-01 MARIBETH HIGGINS
001 2009-01-01 MARIBETH HIGGINS MARIBETH HIGGINS 2010-10-26
001 2009-01-01 MARIBETH HIGGINS MARIBETH HIGGINS 2010-10-22
001 2009-01-01 MARIBETH HIGGINS
001 2009-01-01 MARIBETH HIGGINS 2010-10-27 MARIBETH HIGGINS 2010-10-27

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2014-01-01	WAYNE W. WETTERLUND
001	2013-01-01	WAYNE W. WETTERLUND
001	2012-01-01	WAYNE W. WETTERLUND	2014-09-09
001	2011-01-01	MARIBETH HIGGINS
001	2010-01-01	MARIBETH HIGGINS
001	2009-01-01	MARIBETH HIGGINS		MARIBETH HIGGINS	2010-10-26
001	2009-01-01	MARIBETH HIGGINS		MARIBETH HIGGINS	2010-10-22
001	2009-01-01	MARIBETH HIGGINS
001	2009-01-01	MARIBETH HIGGINS	2010-10-27	MARIBETH HIGGINS	2010-10-27

Financial Data on DREXEL ELEARNING 401K PLAN

Measure	Date	Value
2014 : DREXEL ELEARNING 401K PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets	2014-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total income from all sources (including contributions)	2014-12-31	$860,944
Total loss/gain on sale of assets	2014-12-31	$0
Total of all expenses incurred	2014-12-31	$843,249
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$843,249
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$586,141
Value of total assets at end of year	2014-12-31	$4,402,735
Value of total assets at beginning of year	2014-12-31	$4,385,040
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$0
Total interest from all sources	2014-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$0
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$500,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$261,010
Participant contributions at end of year	2014-12-31	$12,458
Participant contributions at beginning of year	2014-12-31	$16,465
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$75,217
Value of other receiveables (less allowance for doubtful accounts) at end of year	2014-12-31	$18,020
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2014-12-31	$0
Other income not declared elsewhere	2014-12-31	$74
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$17,695
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$4,402,735
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$4,385,040
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$2,869,042
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$2,996,548
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2014-12-31	$304,249
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2014-12-31	$186,910
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2014-12-31	$186,910
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2014-12-31	$1,185,752
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2014-12-31	$1,168,394
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$274,729
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$249,914
Employer contributions (assets) at end of year	2014-12-31	$13,214
Employer contributions (assets) at beginning of year	2014-12-31	$16,723
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$843,249
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	BAKER TILLY VIRCHOW KRAUSE, LLP
Accountancy firm EIN	2014-12-31	390859910
2013 : DREXEL ELEARNING 401K PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets	2013-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total income from all sources (including contributions)	2013-12-31	$1,206,830
Total loss/gain on sale of assets	2013-12-31	$0
Total of all expenses incurred	2013-12-31	$1,032,275
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$1,032,275
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$608,591
Value of total assets at end of year	2013-12-31	$4,385,040
Value of total assets at beginning of year	2013-12-31	$4,210,485
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$0
Total interest from all sources	2013-12-31	$2
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$0
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$500,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$308,348
Participant contributions at end of year	2013-12-31	$16,465
Participant contributions at beginning of year	2013-12-31	$17,951
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$1,447
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$174,555
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$4,385,040
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$4,210,485
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-12-31	$2,996,548
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$2,787,933
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-12-31	$186,910
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-12-31	$180,989
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-12-31	$180,989
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-12-31	$2
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2013-12-31	$1,168,394
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2013-12-31	$1,208,833
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$598,237
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Contributions received in cash from employer	2013-12-31	$298,796
Employer contributions (assets) at end of year	2013-12-31	$16,723
Employer contributions (assets) at beginning of year	2013-12-31	$14,779
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$1,032,275
Did the plan have assets held for investment	2013-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	PARENTEBEARD LLC
Accountancy firm EIN	2013-12-31	232932984
2011 : DREXEL ELEARNING 401K PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$568,588
Expenses. Total of all expenses incurred	2011-12-31	$171,419
Benefits paid (including direct rollovers)	2011-12-31	$171,419
Total plan assets at end of year	2011-12-31	$3,319,676
Total plan assets at beginning of year	2011-12-31	$2,922,507
Total contributions received or receivable from participants	2011-12-31	$260,868
Other income received	2011-12-31	$37,526
Net income (gross income less expenses)	2011-12-31	$397,169
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$3,319,676
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$2,922,507
Total contributions received or receivable from employer(s)	2011-12-31	$270,194
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : DREXEL ELEARNING 401K PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$758,889
Expenses. Total of all expenses incurred	2010-12-31	$209,824
Benefits paid (including direct rollovers)	2010-12-31	$209,824
Total plan assets at end of year	2010-12-31	$2,922,507
Total plan assets at beginning of year	2010-12-31	$2,373,442
Total contributions received or receivable from participants	2010-12-31	$255,788
Other income received	2010-12-31	$262,024
Net income (gross income less expenses)	2010-12-31	$549,065
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$2,922,507
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$2,373,442
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2010-12-31	$30,902
Total contributions received or receivable from employer(s)	2010-12-31	$241,077
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : DREXEL ELEARNING 401K PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for DREXEL ELEARNING 401K PLAN

2014: DREXEL ELEARNING 401K PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: DREXEL ELEARNING 401K PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2011: DREXEL ELEARNING 401K PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: DREXEL ELEARNING 401K PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: DREXEL ELEARNING 401K PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	This submission is the final filing	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TIAA-CREF (National Association of Insurance Commissioners NAIC id number: 69345 )
Policy contract number	316649
Policy instance	1
TIAA-CREF (National Association of Insurance Commissioners NAIC id number: 69345 )
Policy contract number	316649
Policy instance	1
TIAA-CREF (National Association of Insurance Commissioners NAIC id number: 69345 )
Policy contract number	316649
Policy instance	1
TIAA-CREF (National Association of Insurance Commissioners NAIC id number: 69345 )
Policy contract number	316649
Policy instance	1

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Company Name:	DREXEL ELEARNING, INC.
Employer identification number (EIN):	233068200
NAIC Classification:	611000