401k Plan data: VERDE 401(K) PLAN plan

VERDE 401(K) PLAN 401k Plan overview

Plan Name	VERDE 401(K) PLAN
Plan identification number	001

VERDE 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
Plan covering Self-Employed individuals.
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

VERDE CAPITAL MANAGEMENT, INC. has sponsored the creation of one or more 401k plans.

Company Name: VERDE CAPITAL MANAGEMENT, INC.

Employer identification number (EIN): 262647029

NAIC Classification: 523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VERDE 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 CARL SZASZ 2024-07-10
001 2022-01-01 CARL SZASZ 2023-09-06
001 2021-01-01 CARL SZASZ 2022-07-12
001 2020-01-01 CARL SZASZ 2021-07-20
001 2019-01-01 CARL SZASZ 2020-10-12
001 2019-01-01 CARL SZASZ 2021-07-20
001 2018-01-01 CARL SZASZ 2019-10-09
001 2017-01-01 CARL SZASZ
001 2016-01-01 CARL SZASZ
001 2015-01-01 CARL SZASZ
001 2014-01-01 CARL SZASZ
001 2013-01-01 CARL SZASZ
001 2012-01-01 CARL SZASZ CARL SZASZ 2013-07-12
001 2011-01-01 JAMES CHAD 2012-10-30
001 2010-01-01 JAMES CHAD 2012-10-30

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01	CARL SZASZ	2024-07-10
001	2022-01-01	CARL SZASZ	2023-09-06
001	2021-01-01	CARL SZASZ	2022-07-12
001	2020-01-01	CARL SZASZ	2021-07-20
001	2019-01-01	CARL SZASZ	2020-10-12
001	2019-01-01	CARL SZASZ	2021-07-20
001	2018-01-01	CARL SZASZ	2019-10-09
001	2017-01-01	CARL SZASZ
001	2016-01-01	CARL SZASZ
001	2015-01-01	CARL SZASZ
001	2014-01-01	CARL SZASZ
001	2013-01-01	CARL SZASZ
001	2012-01-01	CARL SZASZ		CARL SZASZ	2013-07-12
001	2011-01-01	JAMES CHAD	2012-10-30
001	2010-01-01	JAMES CHAD	2012-10-30

Plan Statistics for VERDE 401(K) PLAN

401k plan membership statisitcs for VERDE 401(K) PLAN

Measure Date Value
2017: VERDE 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 7
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 8
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 8
Number of participants with account balances 2017-01-01 8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: VERDE 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 7
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 7
Total of all active and inactive participants 2016-01-01 7
Total participants 2016-01-01 7
Number of participants with account balances 2016-01-01 7
2015: VERDE 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 7
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 7
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 7
Number of participants with account balances 2015-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: VERDE 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 7
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 0
Total of all active and inactive participants 2014-01-01 7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 7
Number of participants with account balances 2014-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: VERDE 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 4
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 0
Total of all active and inactive participants 2013-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 4
Number of participants with account balances 2013-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: VERDE 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 5
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 0
Total of all active and inactive participants 2012-01-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 5
Number of participants with account balances 2012-01-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0

Measure	Date	Value
2017: VERDE 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	7
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	8
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	8
Number of participants with account balances	2017-01-01	8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: VERDE 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	7
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	7
Total of all active and inactive participants	2016-01-01	7
Total participants	2016-01-01	7
Number of participants with account balances	2016-01-01	7
2015: VERDE 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	7
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	7
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	7
Number of participants with account balances	2015-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: VERDE 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	7
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	0
Total of all active and inactive participants	2014-01-01	7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	7
Number of participants with account balances	2014-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: VERDE 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	4
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	0
Total of all active and inactive participants	2013-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	4
Number of participants with account balances	2013-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: VERDE 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	5
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	0
Total of all active and inactive participants	2012-01-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	5
Number of participants with account balances	2012-01-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0

Financial Data on VERDE 401(K) PLAN

Measure	Date	Value
2017 : VERDE 401(K) PLAN 2017 401k financial data
Transfers to/from the plan	2017-12-31	$0
Total plan liabilities at end of year	2017-12-31	$0
Total plan liabilities at beginning of year	2017-12-31	$0
Total income from all sources	2017-12-31	$689,457
Expenses. Total of all expenses incurred	2017-12-31	$57,315
Benefits paid (including direct rollovers)	2017-12-31	$52,463
Total plan assets at end of year	2017-12-31	$2,523,529
Total plan assets at beginning of year	2017-12-31	$1,891,387
Value of fidelity bond covering the plan	2017-12-31	$200,000
Assets. Value of tangible personal property	2017-12-31	$0
Total contributions received or receivable from participants	2017-12-31	$259,244
Assets. Value of loans (other than to participants)	2017-12-31	$0
Expenses. Other expenses not covered elsewhere	2017-12-31	$0
Contributions received from other sources (not participants or employers)	2017-12-31	$0
Other income received	2017-12-31	$394,088
Noncash contributions received	2017-12-31	$0
Net income (gross income less expenses)	2017-12-31	$632,142
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$2,523,529
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$1,891,387
Assets. Value of participant loans	2017-12-31	$0
Assets. Value of assets in partnership/joint-venture interests	2017-12-31	$0
Assets. Value of real-estate (other than employer real property)	2017-12-31	$0
Assets. Value of employer securities	2017-12-31	$0
Assets. Value of employer real property	2017-12-31	$0
Total contributions received or receivable from employer(s)	2017-12-31	$36,125
Value of certain deemed distributions of participant loans	2017-12-31	$0
Value of corrective distributions	2017-12-31	$4,752
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$100
2016 : VERDE 401(K) PLAN 2016 401k financial data
Transfers to/from the plan	2016-12-31	$0
Total plan liabilities at end of year	2016-12-31	$0
Total plan liabilities at beginning of year	2016-12-31	$0
Total income from all sources	2016-12-31	$463,786
Expenses. Total of all expenses incurred	2016-12-31	$7,029
Benefits paid (including direct rollovers)	2016-12-31	$5,000
Total plan assets at end of year	2016-12-31	$1,891,387
Total plan assets at beginning of year	2016-12-31	$1,434,630
Value of fidelity bond covering the plan	2016-12-31	$200,000
Total contributions received or receivable from participants	2016-12-31	$155,226
Expenses. Other expenses not covered elsewhere	2016-12-31	$0
Contributions received from other sources (not participants or employers)	2016-12-31	$128,812
Other income received	2016-12-31	$154,592
Noncash contributions received	2016-12-31	$0
Net income (gross income less expenses)	2016-12-31	$456,757
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$1,891,387
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$1,434,630
Total contributions received or receivable from employer(s)	2016-12-31	$25,156
Value of certain deemed distributions of participant loans	2016-12-31	$0
Value of corrective distributions	2016-12-31	$1,054
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$975
2015 : VERDE 401(K) PLAN 2015 401k financial data
Transfers to/from the plan	2015-12-31	$0
Total plan liabilities at end of year	2015-12-31	$0
Total plan liabilities at beginning of year	2015-12-31	$0
Total income from all sources	2015-12-31	$143,850
Expenses. Total of all expenses incurred	2015-12-31	$275
Benefits paid (including direct rollovers)	2015-12-31	$174
Total plan assets at end of year	2015-12-31	$1,434,630
Total plan assets at beginning of year	2015-12-31	$1,291,055
Value of fidelity bond covering the plan	2015-12-31	$200,000
Total contributions received or receivable from participants	2015-12-31	$172,139
Expenses. Other expenses not covered elsewhere	2015-12-31	$0
Contributions received from other sources (not participants or employers)	2015-12-31	$1,688
Other income received	2015-12-31	$-48,569
Noncash contributions received	2015-12-31	$0
Net income (gross income less expenses)	2015-12-31	$143,575
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$1,434,630
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$1,291,055
Total contributions received or receivable from employer(s)	2015-12-31	$18,592
Value of certain deemed distributions of participant loans	2015-12-31	$0
Value of corrective distributions	2015-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$101
2014 : VERDE 401(K) PLAN 2014 401k financial data
Transfers to/from the plan	2014-12-31	$0
Total plan liabilities at end of year	2014-12-31	$0
Total plan liabilities at beginning of year	2014-12-31	$0
Total income from all sources	2014-12-31	$139,091
Expenses. Total of all expenses incurred	2014-12-31	$141,260
Benefits paid (including direct rollovers)	2014-12-31	$141,160
Total plan assets at end of year	2014-12-31	$1,291,055
Total plan assets at beginning of year	2014-12-31	$1,293,224
Value of fidelity bond covering the plan	2014-12-31	$200,000
Total contributions received or receivable from participants	2014-12-31	$81,823
Expenses. Other expenses not covered elsewhere	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$7
Other income received	2014-12-31	$42,309
Noncash contributions received	2014-12-31	$0
Net income (gross income less expenses)	2014-12-31	$-2,169
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$1,291,055
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$1,293,224
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2014-12-31	$0
Total contributions received or receivable from employer(s)	2014-12-31	$14,952
Value of certain deemed distributions of participant loans	2014-12-31	$0
Value of corrective distributions	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$100
2013 : VERDE 401(K) PLAN 2013 401k financial data
Transfers to/from the plan	2013-12-31	$0
Total plan liabilities at end of year	2013-12-31	$0
Total income from all sources	2013-12-31	$958,469
Expenses. Total of all expenses incurred	2013-12-31	$122
Benefits paid (including direct rollovers)	2013-12-31	$0
Total plan assets at end of year	2013-12-31	$1,293,224
Total plan assets at beginning of year	2013-12-31	$334,877
Value of fidelity bond covering the plan	2013-12-31	$100,000
Total contributions received or receivable from participants	2013-12-31	$64,710
Expenses. Other expenses not covered elsewhere	2013-12-31	$0
Contributions received from other sources (not participants or employers)	2013-12-31	$801,672
Other income received	2013-12-31	$79,775
Noncash contributions received	2013-12-31	$0
Net income (gross income less expenses)	2013-12-31	$958,347
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$1,293,224
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$334,877
Total contributions received or receivable from employer(s)	2013-12-31	$12,312
Value of certain deemed distributions of participant loans	2013-12-31	$0
Value of corrective distributions	2013-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$122
2012 : VERDE 401(K) PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$97,153
Expenses. Total of all expenses incurred	2012-12-31	$2,436
Total plan assets at end of year	2012-12-31	$334,877
Total plan assets at beginning of year	2012-12-31	$240,160
Value of fidelity bond covering the plan	2012-12-31	$100,000
Total contributions received or receivable from participants	2012-12-31	$64,106
Contributions received from other sources (not participants or employers)	2012-12-31	$7,126
Other income received	2012-12-31	$13,323
Net income (gross income less expenses)	2012-12-31	$94,717
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$334,877
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$240,160
Total contributions received or receivable from employer(s)	2012-12-31	$12,598
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$2,436

Form 5500 Responses for VERDE 401(K) PLAN

2017: VERDE 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: VERDE 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: VERDE 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: VERDE 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: VERDE 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: VERDE 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	VERDE CAPITAL MANAGEMENT, INC.
Employer identification number (EIN):	262647029
NAIC Classification:	523900