401k Plan data: U.S. MORTGAGE FUNDING, INC. 401(K) PSP plan

U.S. MORTGAGE FUNDING, INC. 401(K) PSP 401k Plan overview

Plan Name	U.S. MORTGAGE FUNDING, INC. 401(K) PSP
Plan identification number	001

U.S. MORTGAGE FUNDING, INC. 401(K) PSP Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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

U.S. MORTGAGE FUNDING, INC. has sponsored the creation of one or more 401k plans.

Company Name: U.S. MORTGAGE FUNDING, INC.

Employer identification number (EIN): 823091716

NAIC Classification: 522292
NAIC Description: Real Estate Credit

Form 5500 Filing Information

Submission information for form 5500 for 401k plan U.S. MORTGAGE FUNDING, INC. 401(K) PSP

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01

Plan Statistics for U.S. MORTGAGE FUNDING, INC. 401(K) PSP

401k plan membership statisitcs for U.S. MORTGAGE FUNDING, INC. 401(K) PSP

Measure Date Value
2023: U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2023 401k membership
Total participants, beginning-of-year 2023-01-01 7
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 6
Number of other retired or separated participants entitled to future benefits 2023-01-01 1
Total of all active and inactive participants 2023-01-01 7
Total participants 2023-01-01 7
Number of participants with account balances 2023-01-01 7
2022: U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2022 401k membership
Total participants, beginning-of-year 2022-01-01 9
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 7
Number of retired or separated participants receiving benefits 2022-01-01 2
Total of all active and inactive participants 2022-01-01 9
Total participants 2022-01-01 9
Number of participants with account balances 2022-01-01 0
2021: U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2021 401k membership
Total participants, beginning-of-year 2021-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 9
Total of all active and inactive participants 2021-01-01 9
Total participants 2021-01-01 9
Number of participants with account balances 2021-01-01 9
2020: U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2020 401k membership
Total participants, beginning-of-year 2020-01-01 0
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 5
Total of all active and inactive participants 2020-01-01 5
Total participants 2020-01-01 5
Number of participants with account balances 2020-01-01 5

Measure	Date	Value
2023: U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2023 401k membership
Total participants, beginning-of-year	2023-01-01	7
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	6
Number of other retired or separated participants entitled to future benefits	2023-01-01	1
Total of all active and inactive participants	2023-01-01	7
Total participants	2023-01-01	7
Number of participants with account balances	2023-01-01	7
2022: U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2022 401k membership
Total participants, beginning-of-year	2022-01-01	9
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	7
Number of retired or separated participants receiving benefits	2022-01-01	2
Total of all active and inactive participants	2022-01-01	9
Total participants	2022-01-01	9
Number of participants with account balances	2022-01-01	0
2021: U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2021 401k membership
Total participants, beginning-of-year	2021-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	9
Total of all active and inactive participants	2021-01-01	9
Total participants	2021-01-01	9
Number of participants with account balances	2021-01-01	9
2020: U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2020 401k membership
Total participants, beginning-of-year	2020-01-01	0
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	5
Total of all active and inactive participants	2020-01-01	5
Total participants	2020-01-01	5
Number of participants with account balances	2020-01-01	5

Financial Data on U.S. MORTGAGE FUNDING, INC. 401(K) PSP

Measure	Date	Value
2023 : U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2023 401k financial data
Total income from all sources	2023-12-31	$20,874
Total plan assets at end of year	2023-12-31	$179,747
Total plan assets at beginning of year	2023-12-31	$158,873
Total contributions received or receivable from participants	2023-12-31	$4,260
Other income received	2023-12-31	$16,614
Net income (gross income less expenses)	2023-12-31	$20,874
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$179,747
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$158,873
Assets. Value of participant loans	2023-12-31	$63,762
2022 : U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2022 401k financial data
Total income from all sources	2022-12-31	$-42,460
Expenses. Total of all expenses incurred	2022-12-31	$78,029
Benefits paid (including direct rollovers)	2022-12-31	$78,029
Total plan assets at end of year	2022-12-31	$158,873
Total plan assets at beginning of year	2022-12-31	$279,362
Total contributions received or receivable from participants	2022-12-31	$25,114
Other income received	2022-12-31	$-67,574
Net income (gross income less expenses)	2022-12-31	$-120,489
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$158,873
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$279,362
2021 : U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2021 401k financial data
Total income from all sources	2021-12-31	$113,884
Total plan assets at end of year	2021-12-31	$279,362
Total plan assets at beginning of year	2021-12-31	$165,478
Total contributions received or receivable from participants	2021-12-31	$93,391
Other income received	2021-12-31	$20,493
Net income (gross income less expenses)	2021-12-31	$113,884
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$279,362
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$165,478
2020 : U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2020 401k financial data
Total income from all sources	2020-12-31	$165,478
Total plan assets at end of year	2020-12-31	$165,478
Total contributions received or receivable from participants	2020-12-31	$59,043
Contributions received from other sources (not participants or employers)	2020-12-31	$42,059
Other income received	2020-12-31	$5,416
Net income (gross income less expenses)	2020-12-31	$165,478
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$165,478
Total contributions received or receivable from employer(s)	2020-12-31	$58,960

Form 5500 Responses for U.S. MORTGAGE FUNDING, INC. 401(K) PSP

2023: U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: U.S. MORTGAGE FUNDING, INC. 401(K) PSP 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	First time form 5500 has been submitted	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	U.S. MORTGAGE FUNDING, INC.
Employer identification number (EIN):	823091716
NAIC Classification:	522292
NAIC Description:	Real Estate Credit