SOVEREIGN LENDING GROUP INCORPORATED has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SOVEREIGN LENDING GROUP 401(K) PLAN
| Measure | Date | Value |
|---|
| 2025 : SOVEREIGN LENDING GROUP 401(K) PLAN 2025 401k financial data |
|---|
| Total liabilities as of the end of the plan year | 2025-02-24 | 0 |
| Total liabilities as of the beginning of the plan year | 2025-02-24 | 0 |
| Total expenses incurred by plan in this plan year | 2025-02-24 | 2303771 |
| Net assets as of the end of the plan year | 2025-02-24 | 0 |
| Total assets as of the beginning of the plan year | 2025-02-24 | 2002923 |
| Value of plan covered by a fidelity bond | 2025-02-24 | 1000000 |
| Other income to plan in this plan year | 2025-02-24 | 300848 |
| Plan net income in this plan year | 2025-02-24 | -2002923 |
| Net assets as of the end of the plan year | 2025-02-24 | 0 |
| Net assets as of the beginning of the plan year | 2025-02-24 | 2002923 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-02-24 | 15237 |
| 2024 : SOVEREIGN LENDING GROUP 401(K) PLAN 2024 401k financial data |
|---|
| Total liabilities as of the end of the plan year | 2024-07-12 | 0 |
| Total liabilities as of the beginning of the plan year | 2024-07-12 | 0 |
| Total expenses incurred by plan in this plan year | 2024-07-12 | 829960 |
| Net assets as of the end of the plan year | 2024-07-12 | 2002923 |
| Total assets as of the beginning of the plan year | 2024-07-12 | 2317857 |
| Value of plan covered by a fidelity bond | 2024-07-12 | 1000000 |
| Participant contributions to plan in this plan year | 2024-07-12 | 108917 |
| Other income to plan in this plan year | 2024-07-12 | 402149 |
| Plan net income in this plan year | 2024-07-12 | -314934 |
| Net assets as of the end of the plan year | 2024-07-12 | 2002923 |
| Net assets as of the beginning of the plan year | 2024-07-12 | 2317857 |
| Employer contributions to plan in this plan year | 2024-07-12 | 3960 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-07-12 | 36475 |
| 2022 : SOVEREIGN LENDING GROUP 401(K) PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $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 | $-211,013 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $824,539 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $795,704 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $392,960 |
| Value of total assets at end of year | 2022-12-31 | $2,317,857 |
| Value of total assets at beginning of year | 2022-12-31 | $3,353,409 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $28,835 |
| Total interest from all sources | 2022-12-31 | $4,701 |
| 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 year | 2022-12-31 | No |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $315,960 |
| Participant contributions at end of year | 2022-12-31 | $75,880 |
| Participant contributions at beginning of year | 2022-12-31 | $93,442 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $38,721 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-1,035,552 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $2,317,857 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $3,353,409 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in pooled separate accounts at end of year | 2022-12-31 | $1,250,748 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $1,348,097 |
| Interest on participant loans | 2022-12-31 | $4,701 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $991,229 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $1,911,870 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-249,766 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $-358,908 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $38,279 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $795,704 |
| Contract administrator fees | 2022-12-31 | $28,835 |
| Did the plan have assets held for investment | 2022-12-31 | 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 | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | METZ & ASSOCIATES, PLLC |
| Accountancy firm EIN | 2022-12-31 | 464558541 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total income from all sources (including contributions) | 2022-01-01 | $-211,013 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $824,539 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $795,704 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $392,960 |
| Value of total assets at end of year | 2022-01-01 | $2,317,857 |
| Value of total assets at beginning of year | 2022-01-01 | $3,353,409 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $28,835 |
| Total interest from all sources | 2022-01-01 | $4,701 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $315,960 |
| Participant contributions at end of year | 2022-01-01 | $75,880 |
| Participant contributions at beginning of year | 2022-01-01 | $93,442 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $38,721 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $-1,035,552 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $2,317,857 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $3,353,409 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in pooled separate accounts at end of year | 2022-01-01 | $1,250,748 |
| Value of interest in pooled separate accounts at beginning of year | 2022-01-01 | $1,348,097 |
| Interest on participant loans | 2022-01-01 | $4,701 |
| Value of interest in common/collective trusts at end of year | 2022-01-01 | $991,229 |
| Value of interest in common/collective trusts at beginning of year | 2022-01-01 | $1,911,870 |
| Net investment gain/loss from pooled separate accounts | 2022-01-01 | $-249,766 |
| Net investment gain or loss from common/collective trusts | 2022-01-01 | $-358,908 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $38,279 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $795,704 |
| Contract administrator fees | 2022-01-01 | $28,835 |
| Did the plan have assets held for investment | 2022-01-01 | 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 | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | METZ & ASSOCIATES, PLLC |
| Accountancy firm EIN | 2022-01-01 | 464558541 |
