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NATIONAL CREDIT SERVICES 401(K) PLAN 401k Plan overview

Plan NameNATIONAL CREDIT SERVICES 401(K) PLAN
Plan identification number 001

NATIONAL CREDIT SERVICES 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • 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.

401k Sponsoring company profile

NATIONAL CREDIT SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:NATIONAL CREDIT SERVICES, INC.
Employer identification number (EIN):912076371
NAIC Classification:522298
NAIC Description:All Other Nondepository Credit Intermediation

Additional information about NATIONAL CREDIT SERVICES, INC.

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division
Incorporation Date: 2000-12-08
Company Identification Number: 602083004
Legal Registered Office Address: 2525 220TH ST SE STE 200

BOTHELL
United States of America (USA)
980214440

More information about NATIONAL CREDIT SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NATIONAL CREDIT SERVICES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01A.H. SARAJY2023-09-27
0012021-01-01A.H. SARAJY2022-10-10
0012020-01-01A.H. SARAJAY2021-11-18 A.H. SARAJAY2021-11-18
0012020-01-01A.H. SARAJAY2021-11-18
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01

Plan Statistics for NATIONAL CREDIT SERVICES 401(K) PLAN

401k plan membership statisitcs for NATIONAL CREDIT SERVICES 401(K) PLAN

Measure Date Value
2022: NATIONAL CREDIT SERVICES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01149
Total number of active participants reported on line 7a of the Form 55002022-01-015
Number of retired or separated participants receiving benefits2022-01-0110
Number of other retired or separated participants entitled to future benefits2022-01-0155
Total of all active and inactive participants2022-01-0170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0170
Number of participants with account balances2022-01-0169
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-019
2021: NATIONAL CREDIT SERVICES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01166
Total number of active participants reported on line 7a of the Form 55002021-01-0156
Number of retired or separated participants receiving benefits2021-01-0126
Number of other retired or separated participants entitled to future benefits2021-01-0161
Total of all active and inactive participants2021-01-01143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01143
Number of participants with account balances2021-01-01122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0125
2020: NATIONAL CREDIT SERVICES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01150
Total number of active participants reported on line 7a of the Form 55002020-01-0196
Number of retired or separated participants receiving benefits2020-01-0116
Number of other retired or separated participants entitled to future benefits2020-01-0137
Total of all active and inactive participants2020-01-01149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01149
Number of participants with account balances2020-01-01125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0117

Financial Data on NATIONAL CREDIT SERVICES 401(K) PLAN

Measure Date Value
2022 : NATIONAL CREDIT SERVICES 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-804,720
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$547,463
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$505,535
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$116,824
Value of total assets at end of year2022-12-31$4,769,258
Value of total assets at beginning of year2022-12-31$6,121,441
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$41,928
Total interest from all sources2022-12-31$595
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$101,632
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$46,870
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$30
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,352,183
Value of net assets at end of year (total assets less liabilities)2022-12-31$4,769,258
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$6,121,441
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$41,928
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$4,763,804
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$6,074,526
Income. Interest from loans (other than to participants)2022-12-31$595
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-922,139
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$15,192
Employer contributions (assets) at end of year2022-12-31$5,454
Employer contributions (assets) at beginning of year2022-12-31$15
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$505,535
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31HUNT JACKSON PLLC
Accountancy firm EIN2022-12-31812672708
2021 : NATIONAL CREDIT SERVICES 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$1,188,388
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$389,858
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$353,170
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$295,289
Value of total assets at end of year2021-12-31$6,121,441
Value of total assets at beginning of year2021-12-31$5,322,911
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$36,688
Total interest from all sources2021-12-31$2,518
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$198,034
Participant contributions at end of year2021-12-31$46,870
Participant contributions at beginning of year2021-12-31$34,878
Participant contributions at end of year2021-12-31$30
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$15,354
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$798,530
Value of net assets at end of year (total assets less liabilities)2021-12-31$6,121,441
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$5,322,911
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$36,688
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$6,074,526
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$5,288,033
Interest on participant loans2021-12-31$2,518
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$890,581
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$81,901
Employer contributions (assets) at end of year2021-12-31$15
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$353,170
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31HUNT JACKSON PLLC
Accountancy firm EIN2021-12-31812672708
2020 : NATIONAL CREDIT SERVICES 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$2,047,512
Total of all expenses incurred2020-12-31$211,087
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$181,555
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,227,446
Value of total assets at end of year2020-12-31$5,322,911
Value of total assets at beginning of year2020-12-31$3,486,486
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$29,532
Total interest from all sources2020-12-31$2,497
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$260,799
Participant contributions at end of year2020-12-31$34,878
Participant contributions at beginning of year2020-12-31$48,229
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$843,519
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,836,425
Value of net assets at end of year (total assets less liabilities)2020-12-31$5,322,911
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$3,486,486
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$29,532
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$5,288,033
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$3,438,257
Interest on participant loans2020-12-31$2,497
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$817,569
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$123,128
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$181,555
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31HUNT JACKSON PLLC
Accountancy firm EIN2020-12-31812672708

Form 5500 Responses for NATIONAL CREDIT SERVICES 401(K) PLAN

2022: NATIONAL CREDIT SERVICES 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NATIONAL CREDIT SERVICES 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NATIONAL CREDIT SERVICES 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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