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THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameTHE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN
Plan identification number 001

THE CLIFFS COMMUNITIES 401(K) 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.
  • 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

THE CLIFFS COMMUNITIES has sponsored the creation of one or more 401k plans.

Company Name:THE CLIFFS COMMUNITIES
Employer identification number (EIN):571112849
NAIC Classification:713900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01MARTIN RITSCH
0012011-01-01NATASHA IRBY
0012010-01-01NATASHA IRBY
0012009-01-01MARY KASUNICK DAVID MCADA2010-10-13

Plan Statistics for THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN

Measure Date Value
2012: THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01552
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01693
Total number of active participants reported on line 7a of the Form 55002011-01-01424
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01128
Total of all active and inactive participants2011-01-01552
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01552
Number of participants with account balances2011-01-01249
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0120
2010: THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01633
Total number of active participants reported on line 7a of the Form 55002010-01-01588
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-01105
Total of all active and inactive participants2010-01-01693
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01693
Number of participants with account balances2010-01-01298
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0121
2009: THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01910
Total number of active participants reported on line 7a of the Form 55002009-01-01633
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0192
Total of all active and inactive participants2009-01-01725
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01725
Number of participants with account balances2009-01-01297
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0143

Financial Data on THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN

Measure Date Value
2012 : THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-11-15$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-11-15$0
Total income from all sources (including contributions)2012-11-15$279,393
Total of all expenses incurred2012-11-15$5,152,116
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-11-15$5,137,602
Expenses. Certain deemed distributions of participant loans2012-11-15$4,306
Value of total corrective distributions2012-11-15$1,904
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-11-15$80,664
Value of total assets at end of year2012-11-15$0
Value of total assets at beginning of year2012-11-15$4,872,723
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-11-15$8,304
Total interest from all sources2012-11-15$3,660
Total dividends received (eg from common stock, registered investment company shares)2012-11-15$19,935
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-11-15Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-11-15$0
Total dividends received from registered investment company shares (eg mutual funds)2012-11-15$19,935
Was this plan covered by a fidelity bond2012-11-15Yes
Value of fidelity bond cover2012-11-15$2,000,000
If this is an individual account plan, was there a blackout period2012-11-15No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-11-15$0
Were there any nonexempt tranactions with any party-in-interest2012-11-15No
Contributions received from participants2012-11-15$80,664
Participant contributions at end of year2012-11-15$0
Participant contributions at beginning of year2012-11-15$154,399
Participant contributions at end of year2012-11-15$0
Participant contributions at beginning of year2012-11-15$8,130
Administrative expenses (other) incurred2012-11-15$8,304
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-11-15No
Value of net income/loss2012-11-15$-4,872,723
Value of net assets at end of year (total assets less liabilities)2012-11-15$0
Value of net assets at beginning of year (total assets less liabilities)2012-11-15$4,872,723
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-11-15No
Were any loans by the plan or fixed income obligations due to the plan in default2012-11-15No
Were any leases to which the plan was party in default or uncollectible2012-11-15No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-11-15$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-11-15$4,179,531
Interest on participant loans2012-11-15$3,660
Value of interest in common/collective trusts at end of year2012-11-15$0
Value of interest in common/collective trusts at beginning of year2012-11-15$530,663
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-11-15$188,499
Net investment gain or loss from common/collective trusts2012-11-15$-13,365
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-11-15No
Was there a failure to transmit to the plan any participant contributions2012-11-15No
Has the plan failed to provide any benefit when due under the plan2012-11-15No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-11-15$5,137,602
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-11-15No
Did the plan have assets held for investment2012-11-15No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-11-15No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-11-15Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-11-15Yes
Opinion of an independent qualified public accountant for this plan2012-11-15Disclaimer
Accountancy firm name2012-11-15BAUKNIGHT, PIETRAS & STORMER, P.A.
Accountancy firm EIN2012-11-15570940019
2011 : THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN 2011 401k financial data
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$284,434
Total of all expenses incurred2011-12-31$1,378,027
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,347,191
Value of total corrective distributions2011-12-31$5,318
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$395,562
Value of total assets at end of year2011-12-31$4,872,723
Value of total assets at beginning of year2011-12-31$5,966,316
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$25,518
Total interest from all sources2011-12-31$8,378
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$144,297
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$144,297
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$2,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$395,432
Participant contributions at end of year2011-12-31$154,399
Participant contributions at beginning of year2011-12-31$135,030
Participant contributions at end of year2011-12-31$8,130
Participant contributions at beginning of year2011-12-31$17,255
Administrative expenses (other) incurred2011-12-31$25,518
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-1,093,593
Value of net assets at end of year (total assets less liabilities)2011-12-31$4,872,723
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$5,966,316
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$4,179,531
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$5,295,903
Interest on participant loans2011-12-31$8,378
Value of interest in common/collective trusts at end of year2011-12-31$530,663
Value of interest in common/collective trusts at beginning of year2011-12-31$518,128
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-278,219
Net investment gain or loss from common/collective trusts2011-12-31$14,416
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$130
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,347,191
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31BAUKNIGHT PIETRAS STORMER P.A.
Accountancy firm EIN2011-12-31570940019
2010 : THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN 2010 401k financial data
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$1,315,513
Total of all expenses incurred2010-12-31$601,701
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$538,601
Expenses. Certain deemed distributions of participant loans2010-12-31$4,390
Value of total corrective distributions2010-12-31$17,251
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$604,668
Value of total assets at end of year2010-12-31$5,966,316
Value of total assets at beginning of year2010-12-31$5,252,504
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$41,459
Total interest from all sources2010-12-31$11,011
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$77,899
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$77,899
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$572,638
Participant contributions at end of year2010-12-31$135,030
Participant contributions at beginning of year2010-12-31$149,388
Participant contributions at end of year2010-12-31$17,255
Participant contributions at beginning of year2010-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$31,986
Administrative expenses (other) incurred2010-12-31$41,459
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$713,812
Value of net assets at end of year (total assets less liabilities)2010-12-31$5,966,316
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$5,252,504
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$5,295,903
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$4,536,279
Interest on participant loans2010-12-31$11,011
Value of interest in common/collective trusts at end of year2010-12-31$518,128
Value of interest in common/collective trusts at beginning of year2010-12-31$566,837
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$603,054
Net investment gain or loss from common/collective trusts2010-12-31$18,881
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$44
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$538,601
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31BAUKNIGHT PIETRAS & STORMER
Accountancy firm EIN2010-12-31570940019
2009 : THE CLIFFS COMMUNITIES 401(K) 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 THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN

2012: THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: THE CLIFFS COMMUNITIES 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: THE CLIFFS COMMUNITIES 401(K) 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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