401k Plan data: SUMNER ACADEMY DEFINED CONTRIBUTION PLAN plan

SUMNER ACADEMY DEFINED CONTRIBUTION PLAN 401k Plan overview

Plan Name	SUMNER ACADEMY DEFINED CONTRIBUTION PLAN
Plan identification number	001

SUMNER ACADEMY DEFINED CONTRIBUTION PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Code section 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

SUMNER ACADEMY has sponsored the creation of one or more 401k plans.

Company Name: SUMNER ACADEMY

Employer identification number (EIN): 237242981

NAIC Classification: 611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SUMNER ACADEMY DEFINED CONTRIBUTION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01 HANNAH MARTIN 2022-04-12
001 2020-01-01
001 2016-07-01
001 2015-07-01
001 2014-07-01
001 2014-07-01
001 2013-07-01
001 2013-07-01
001 2012-07-01 STEVEN T. JACKSON 2014-04-08
001 2011-07-01 DR WILLIAM HOVENDEN 2013-04-17
001 2010-07-01 DR WILLIAM HOVENDEN 2012-01-12
001 2009-07-01 DR WILLIAM HOVENDEN

Plan Statistics for SUMNER ACADEMY DEFINED CONTRIBUTION PLAN

401k plan membership statisitcs for SUMNER ACADEMY DEFINED CONTRIBUTION PLAN

Measure Date Value
2021: SUMNER ACADEMY DEFINED CONTRIBUTION PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 27
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 27
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 0
Total of all active and inactive participants 2021-01-01 27
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 27
2020: SUMNER ACADEMY DEFINED CONTRIBUTION PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 26
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 27
Total of all active and inactive participants 2020-01-01 27
Total participants 2020-01-01 27
2009: SUMNER ACADEMY DEFINED CONTRIBUTION PLAN 2009 401k membership
Total participants, beginning-of-year 2009-07-01 48
Total number of active participants reported on line 7a of the Form 5500 2009-07-01 40
Number of other retired or separated participants entitled to future benefits 2009-07-01 11
Total of all active and inactive participants 2009-07-01 51
Total participants 2009-07-01 51
Number of participants with account balances 2009-07-01 48

Measure	Date	Value
2021: SUMNER ACADEMY DEFINED CONTRIBUTION PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	27
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	27
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	0
Total of all active and inactive participants	2021-01-01	27
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	27
2020: SUMNER ACADEMY DEFINED CONTRIBUTION PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	26
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	27
Total of all active and inactive participants	2020-01-01	27
Total participants	2020-01-01	27
2009: SUMNER ACADEMY DEFINED CONTRIBUTION PLAN 2009 401k membership
Total participants, beginning-of-year	2009-07-01	48
Total number of active participants reported on line 7a of the Form 5500	2009-07-01	40
Number of other retired or separated participants entitled to future benefits	2009-07-01	11
Total of all active and inactive participants	2009-07-01	51
Total participants	2009-07-01	51
Number of participants with account balances	2009-07-01	48

Financial Data on SUMNER ACADEMY DEFINED CONTRIBUTION PLAN

Measure	Date	Value
2021 : SUMNER ACADEMY DEFINED CONTRIBUTION PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$188,870
Expenses. Total of all expenses incurred	2021-12-31	$569
Benefits paid (including direct rollovers)	2021-12-31	$569
Total plan assets at end of year	2021-12-31	$882,145
Total plan assets at beginning of year	2021-12-31	$693,844
Total contributions received or receivable from participants	2021-12-31	$52,090
Other income received	2021-12-31	$96,748
Net income (gross income less expenses)	2021-12-31	$188,301
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$882,145
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$693,844
Total contributions received or receivable from employer(s)	2021-12-31	$40,032
2020 : SUMNER ACADEMY DEFINED CONTRIBUTION PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$185
Total income from all sources	2020-12-31	$180,781
Total plan assets at end of year	2020-12-31	$693,844
Total plan assets at beginning of year	2020-12-31	$512,878
Total contributions received or receivable from participants	2020-12-31	$62,347
Other income received	2020-12-31	$77,944
Net income (gross income less expenses)	2020-12-31	$180,781
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$693,844
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$512,878
Total contributions received or receivable from employer(s)	2020-12-31	$40,490

Form 5500 Responses for SUMNER ACADEMY DEFINED CONTRIBUTION PLAN

2021: SUMNER ACADEMY DEFINED CONTRIBUTION PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2020: SUMNER ACADEMY DEFINED CONTRIBUTION PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2009: SUMNER ACADEMY DEFINED CONTRIBUTION PLAN 2009 form 5500 responses
2009-07-01	Type of plan entity	Single employer plan
2009-07-01	Plan funding arrangement – Insurance	Yes
2009-07-01	Plan benefit arrangement – Insurance	Yes

Insurance Providers Used on plan

VARIABLE ANNUITY LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70238 )

Policy contract number

71585

Policy instance

Insurance contract or identification number	71585
Number of Individuals Covered	27
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $813
Total amount of fees paid to insurance company	USD $0
Contracts With Unallocated Funds Deposit Administration	1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $735
Insurance broker organization code?	3

VARIABLE ANNUITY LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70238 )

Policy contract number

71585

Policy instance

Insurance contract or identification number	71585
Number of Individuals Covered	27
Insurance policy start date	2019-07-01
Insurance policy end date	2020-06-30
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	SUMNER ACADEMY
Employer identification number (EIN):	237242981
NAIC Classification:	611000

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01
001	2021-01-01	HANNAH MARTIN	2022-04-12
001	2020-01-01
001	2016-07-01
001	2015-07-01
001	2014-07-01
001	2014-07-01
001	2013-07-01
001	2013-07-01
001	2012-07-01	STEVEN T. JACKSON	2014-04-08
001	2011-07-01	DR WILLIAM HOVENDEN	2013-04-17
001	2010-07-01	DR WILLIAM HOVENDEN	2012-01-12
001	2009-07-01	DR WILLIAM HOVENDEN