401k Plan data: DELTA CAREER EDUCATION CORPORATION 401(K) PLAN plan

DELTA CAREER EDUCATION CORPORATION 401(K) PLAN 401k Plan overview

Plan Name	DELTA CAREER EDUCATION CORPORATION 401(K) PLAN
Plan identification number	001

DELTA CAREER EDUCATION CORPORATION 401(K) 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.
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.
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

DELTA EDUCATIONAL SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name: DELTA EDUCATIONAL SYSTEMS, INC.

Employer identification number (EIN): 541859702

NAIC Classification: 611000

Additional information about DELTA EDUCATIONAL SYSTEMS, INC.

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 1997-05-27

Company Identification Number: 0485281

Legal Registered Office Address: 4525 COLUMBUS STREET
101 W MAIN ST
VIRGINIA BEACH
United States of America (USA)
23462

More information about DELTA EDUCATIONAL SYSTEMS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DELTA CAREER EDUCATION CORPORATION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2011-01-01 SARAH L. WILSON
001 2010-01-01 KEVIN SMITH
001 2009-01-01 SARAH WILSON

Plan id#	Filing Submission Date	Name of Administrator
001	2011-01-01	SARAH L. WILSON
001	2010-01-01	KEVIN SMITH
001	2009-01-01	SARAH WILSON

Plan Statistics for DELTA CAREER EDUCATION CORPORATION 401(K) PLAN

401k plan membership statisitcs for DELTA CAREER EDUCATION CORPORATION 401(K) PLAN

Measure Date Value
2011: DELTA CAREER EDUCATION CORPORATION 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 3,517
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 3,200
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 1,234
Total of all active and inactive participants 2011-01-01 4,434
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 1
Total participants 2011-01-01 4,435
Number of participants with account balances 2011-01-01 3,312
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 526
2010: DELTA CAREER EDUCATION CORPORATION 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 2,613
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 2,654
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 862
Total of all active and inactive participants 2010-01-01 3,516
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 1
Total participants 2010-01-01 3,517
Number of participants with account balances 2010-01-01 2,573
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 418
2009: DELTA CAREER EDUCATION CORPORATION 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 1,660
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 2,074
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 538
Total of all active and inactive participants 2009-01-01 2,612
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 1
Total participants 2009-01-01 2,613
Number of participants with account balances 2009-01-01 1,812
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 356

Measure	Date	Value
2011: DELTA CAREER EDUCATION CORPORATION 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	3,517
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	3,200
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	1,234
Total of all active and inactive participants	2011-01-01	4,434
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	1
Total participants	2011-01-01	4,435
Number of participants with account balances	2011-01-01	3,312
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	526
2010: DELTA CAREER EDUCATION CORPORATION 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	2,613
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	2,654
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	862
Total of all active and inactive participants	2010-01-01	3,516
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	1
Total participants	2010-01-01	3,517
Number of participants with account balances	2010-01-01	2,573
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	418
2009: DELTA CAREER EDUCATION CORPORATION 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	1,660
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	2,074
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	538
Total of all active and inactive participants	2009-01-01	2,612
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	1
Total participants	2009-01-01	2,613
Number of participants with account balances	2009-01-01	1,812
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	356

Financial Data on DELTA CAREER EDUCATION CORPORATION 401(K) PLAN

Measure	Date	Value
2011 : DELTA CAREER EDUCATION CORPORATION 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$3,196,396
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$1,594,019
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$1,559,270
Expenses. Certain deemed distributions of participant loans	2011-12-31	$9,322
Value of total corrective distributions	2011-12-31	$569
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$3,812,677
Value of total assets at end of year	2011-12-31	$14,532,934
Value of total assets at beginning of year	2011-12-31	$12,930,557
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$24,858
Total interest from all sources	2011-12-31	$13,107
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$346,801
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$346,801
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$500,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$2,506,599
Participant contributions at end of year	2011-12-31	$325,056
Participant contributions at beginning of year	2011-12-31	$255,729
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$272,597
Other income not declared elsewhere	2011-12-31	$610
Administrative expenses (other) incurred	2011-12-31	$24,858
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$1,602,377
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$14,532,934
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$12,930,557
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$14,207,878
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$12,674,828
Interest on participant loans	2011-12-31	$13,107
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-976,799
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$1,033,481
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$1,559,270
Did the plan have assets held for investment	2011-12-31	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	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	DIXON HUGHES GOODMAN LLP
Accountancy firm EIN	2011-12-31	560747981
2010 : DELTA CAREER EDUCATION CORPORATION 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$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	$4,491,341
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$1,123,077
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$1,096,204
Expenses. Certain deemed distributions of participant loans	2010-12-31	$6,460
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$3,177,357
Value of total assets at end of year	2010-12-31	$12,930,557
Value of total assets at beginning of year	2010-12-31	$9,562,293
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$20,413
Total interest from all sources	2010-12-31	$12,194
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$219,404
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$219,404
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$500,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$2,199,264
Participant contributions at end of year	2010-12-31	$255,729
Participant contributions at beginning of year	2010-12-31	$194,741
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$87,874
Administrative expenses (other) incurred	2010-12-31	$20,413
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$3,368,264
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$12,930,557
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$9,562,293
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$12,674,828
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$9,367,552
Interest on participant loans	2010-12-31	$12,194
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$1,082,386
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$890,219
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$1,096,204
Did the plan have assets held for investment	2010-12-31	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	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	DIXON HUGHES GOODMAN LLP
Accountancy firm EIN	2010-12-31	560747981
2009 : DELTA CAREER EDUCATION CORPORATION 401(K) 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 DELTA CAREER EDUCATION CORPORATION 401(K) PLAN

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

Potentially related plans

DELTA CAREER EDUCATION CORPORATION 401(K) PLAN [EIN = 753135135]

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Company Name:	DELTA EDUCATIONAL SYSTEMS, INC.
Employer identification number (EIN):	541859702
NAIC Classification:	611000

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	1997-05-27
Company Identification Number:	0485281
Legal Registered Office Address:	4525 COLUMBUS STREET 101 W MAIN ST VIRGINIA BEACH United States of America (USA) 23462