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ZENITH EDUCATION GROUP, INC. 401(K) RETIREMENT AND SAVINGS PLAN 401k Plan overview

Plan NameZENITH EDUCATION GROUP, INC. 401(K) RETIREMENT AND SAVINGS PLAN
Plan identification number 001

ZENITH EDUCATION GROUP, INC. 401(K) RETIREMENT AND SAVINGS 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ZENITH EDUCATION GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:ZENITH EDUCATION GROUP, INC.
Employer identification number (EIN):472237488
NAIC Classification:525990
NAIC Description:Other Financial Vehicles

Additional information about ZENITH EDUCATION GROUP, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2014-12-02
Company Identification Number: 0802110597
Legal Registered Office Address: 111 WASHINGTON AVE S STE 1400

MINNEAPOLIS
United States of America (USA)
55401

More information about ZENITH EDUCATION GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ZENITH EDUCATION GROUP, INC. 401(K) RETIREMENT AND SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01DAN FISHER
0012016-01-01
0012015-04-01KATHLEEN KING KATHLEEN KING2016-10-13

Plan Statistics for ZENITH EDUCATION GROUP, INC. 401(K) RETIREMENT AND SAVINGS PLAN

401k plan membership statisitcs for ZENITH EDUCATION GROUP, INC. 401(K) RETIREMENT AND SAVINGS PLAN

Measure Date Value
2016: ZENITH EDUCATION GROUP, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-013,386
Total number of active participants reported on line 7a of the Form 55002016-01-013,506
Number of retired or separated participants receiving benefits2016-01-0137
Number of other retired or separated participants entitled to future benefits2016-01-01730
Total of all active and inactive participants2016-01-014,273
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-012
Total participants2016-01-014,275
Number of participants with account balances2016-01-013,376
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0128
2015: ZENITH EDUCATION GROUP, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-04-013,179
Total number of active participants reported on line 7a of the Form 55002015-04-012,528
Number of retired or separated participants receiving benefits2015-04-01115
Number of other retired or separated participants entitled to future benefits2015-04-01739
Total of all active and inactive participants2015-04-013,382
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-04-014
Total participants2015-04-013,386
Number of participants with account balances2015-04-013,134
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-04-010

Financial Data on ZENITH EDUCATION GROUP, INC. 401(K) RETIREMENT AND SAVINGS PLAN

Measure Date Value
2016 : ZENITH EDUCATION GROUP, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$98,400,007
Total transfer of assets from this plan2016-12-31$6,443,395
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$11,704,170
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$13,597,548
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$13,509,246
Expenses. Certain deemed distributions of participant loans2016-12-31$5,100
Value of total corrective distributions2016-12-31$149
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$8,993,310
Value of total assets at end of year2016-12-31$135,079,724
Value of total assets at beginning of year2016-12-31$45,016,490
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$83,053
Total interest from all sources2016-12-31$49,881
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$1,072,606
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$1,072,606
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$5,021,459
Participant contributions at end of year2016-12-31$3,358,860
Participant contributions at beginning of year2016-12-31$1,607,658
Participant contributions at end of year2016-12-31$4,674,596
Participant contributions at beginning of year2016-12-31$2,762
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$490,286
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$9,377
Other income not declared elsewhere2016-12-31$4,396
Administrative expenses (other) incurred2016-12-31$83,053
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-1,893,378
Value of net assets at end of year (total assets less liabilities)2016-12-31$135,079,724
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$45,016,490
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$121,847,556
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$42,964,494
Interest on participant loans2016-12-31$49,881
Value of interest in common/collective trusts at end of year2016-12-31$5,063,162
Value of interest in common/collective trusts at beginning of year2016-12-31$430,199
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$1,535,533
Net investment gain or loss from common/collective trusts2016-12-31$48,444
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$3,481,565
Employer contributions (assets) at end of year2016-12-31$135,550
Employer contributions (assets) at beginning of year2016-12-31$2,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$13,509,246
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BAKER TILLY VIRCHOW KRAUSE LL
Accountancy firm EIN2016-12-31390859910
2015 : ZENITH EDUCATION GROUP, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$2,245,515
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$53,414,062
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$10,643,087
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$10,563,079
Expenses. Certain deemed distributions of participant loans2015-12-31$662
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$56,118,159
Value of total assets at end of year2015-12-31$45,016,490
Value of total assets at beginning of year2015-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$79,346
Total interest from all sources2015-12-31$54,868
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$1,782,048
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$1,782,048
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$5,847,958
Participant contributions at end of year2015-12-31$1,607,658
Participant contributions at end of year2015-12-31$2,762
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$46,849,510
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$9,377
Other income not declared elsewhere2015-12-31$2,509
Administrative expenses (other) incurred2015-12-31$79,346
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Income. Non cash contributions2015-12-31$9,377
Value of net income/loss2015-12-31$42,770,975
Value of net assets at end of year (total assets less liabilities)2015-12-31$45,016,490
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$42,964,494
Interest on participant loans2015-12-31$54,868
Value of interest in common/collective trusts at end of year2015-12-31$430,199
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-4,555,179
Net investment gain or loss from common/collective trusts2015-12-31$11,657
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$3,411,314
Employer contributions (assets) at end of year2015-12-31$2,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$10,563,079
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BAKER TILLY VIRCHOW KRAUSE LL
Accountancy firm EIN2015-12-31390859910

Form 5500 Responses for ZENITH EDUCATION GROUP, INC. 401(K) RETIREMENT AND SAVINGS PLAN

2016: ZENITH EDUCATION GROUP, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedYes
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: ZENITH EDUCATION GROUP, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2015 form 5500 responses
2015-04-01Type of plan entitySingle employer plan
2015-04-01First time form 5500 has been submittedYes
2015-04-01Submission has been amendedNo
2015-04-01This submission is the final filingNo
2015-04-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-04-01Plan is a collectively bargained planNo
2015-04-01Plan funding arrangement – TrustYes
2015-04-01Plan benefit arrangement - TrustYes

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