401k Plan data: EXCEL MORTGAGE NETWORK, INC. 401(K) PLAN plan

EXCEL MORTGAGE NETWORK, INC. 401(K) PLAN 401k Plan overview

Plan Name	EXCEL MORTGAGE NETWORK, INC. 401(K) PLAN
Plan identification number	002

EXCEL MORTGAGE NETWORK, INC. 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.
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

EXCEL MORTGAGE NETOWRK, INC. has sponsored the creation of one or more 401k plans.

Company Name: EXCEL MORTGAGE NETOWRK, INC.

Employer identification number (EIN): 593364259

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EXCEL MORTGAGE NETWORK, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2007-01-01 ARMANDO TUNDIDOR

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2007-01-01	ARMANDO TUNDIDOR

Plan Statistics for EXCEL MORTGAGE NETWORK, INC. 401(K) PLAN

401k plan membership statisitcs for EXCEL MORTGAGE NETWORK, INC. 401(K) PLAN

Measure Date Value
2007: EXCEL MORTGAGE NETWORK, INC. 401(K) PLAN 2007 401k membership
Total participants, beginning-of-year 2007-01-01 8
Total number of active participants reported on line 7a of the Form 5500 2007-01-01 8
Number of retired or separated participants receiving benefits 2007-01-01 0
Number of other retired or separated participants entitled to future benefits 2007-01-01 0
Total of all active and inactive participants 2007-01-01 8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2007-01-01 0
Total participants 2007-01-01 8
Number of participants with account balances 2007-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2007-01-01 0

Measure	Date	Value
2007: EXCEL MORTGAGE NETWORK, INC. 401(K) PLAN 2007 401k membership
Total participants, beginning-of-year	2007-01-01	8
Total number of active participants reported on line 7a of the Form 5500	2007-01-01	8
Number of retired or separated participants receiving benefits	2007-01-01	0
Number of other retired or separated participants entitled to future benefits	2007-01-01	0
Total of all active and inactive participants	2007-01-01	8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2007-01-01	0
Total participants	2007-01-01	8
Number of participants with account balances	2007-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2007-01-01	0

Financial Data on EXCEL MORTGAGE NETWORK, INC. 401(K) PLAN

Measure	Date	Value
2007 : EXCEL MORTGAGE NETWORK, INC. 401(K) PLAN 2007 401k financial data
Total income from all sources	2007-12-31	$31,528
Expenses. Total of all expenses incurred	2007-12-31	$2,463
Total plan assets at end of year	2007-12-31	$261,949
Total plan assets at beginning of year	2007-12-31	$232,884
Value of fidelity bond covering the plan	2007-12-31	$50,000
Total contributions received or receivable from participants	2007-12-31	$10,292
Other income received	2007-12-31	$17,079
Net income (gross income less expenses)	2007-12-31	$29,065
Net plan assets at end of year (total assets less liabilities)	2007-12-31	$261,949
Net plan assets at beginning of year (total assets less liabilities)	2007-12-31	$232,884
Assets. Value of participant loans	2007-12-31	$28,952
Total contributions received or receivable from employer(s)	2007-12-31	$4,157
Expenses. Administrative service providers (salaries,fees and commissions)	2007-12-31	$2,463

Form 5500 Responses for EXCEL MORTGAGE NETWORK, INC. 401(K) PLAN

2007: EXCEL MORTGAGE NETWORK, INC. 401(K) PLAN 2007 form 5500 responses
2007-01-01	Type of plan entity	Single employer plan
2007-01-01	Plan funding arrangement – Insurance	Yes
2007-01-01	Plan funding arrangement – Trust	Yes
2007-01-01	Plan benefit arrangement – Insurance	Yes
2007-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

EXCEL MORTGAGE CORP USA 401(K) P/S PLAN [EIN = 208190600]

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Company Name:	EXCEL MORTGAGE NETOWRK, INC.
Employer identification number (EIN):	593364259