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NOTE SERVICING CENTER, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameNOTE SERVICING CENTER, INC. PROFIT SHARING PLAN
Plan identification number 001

NOTE SERVICING CENTER, INC. PROFIT SHARING 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.
  • 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.
  • 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

NOTE SERVICING CENTER, INC. has sponsored the creation of one or more 401k plans.

Company Name:NOTE SERVICING CENTER, INC.
Employer identification number (EIN):342038696
NAIC Classification:522300
NAIC Description: Activities Related to Credit Intermediation

Additional information about NOTE SERVICING CENTER, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2016-12-06
Company Identification Number: 0802598215
Legal Registered Office Address: 3275 E ROBERTSON BLVD STE B

CHOWCHILLA
United States of America (USA)
93610

More information about NOTE SERVICING CENTER, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NOTE SERVICING CENTER, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ERISA FIDUCIARY SERVICES2024-05-05
0012022-01-01ERISA FIDUCIARY SERVICES2023-04-28
0012021-01-01KAREN ZYRA2022-07-20
0012020-01-01EDWARD ROJAS2021-04-12
0012019-01-01EDWARD ROJAS2020-06-17
0012018-01-01
0012017-01-01THOMAS STANDEN2018-09-19
0012016-01-01THOMAS STANDEN2017-10-09
0012015-01-01THOMAS STANDEN2016-10-17 THOMAS STANDEN2016-10-17

Plan Statistics for NOTE SERVICING CENTER, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for NOTE SERVICING CENTER, INC. PROFIT SHARING PLAN

Measure Date Value
2018: NOTE SERVICING CENTER, INC. PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-018
Total number of active participants reported on line 7a of the Form 55002018-01-0110
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-011
Total of all active and inactive participants2018-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0111
Number of participants with account balances2018-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010

Financial Data on NOTE SERVICING CENTER, INC. PROFIT SHARING PLAN

Measure Date Value
2018 : NOTE SERVICING CENTER, INC. PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$216,658
Expenses. Total of all expenses incurred2018-12-31$12,340
Benefits paid (including direct rollovers)2018-12-31$10,545
Total plan assets at end of year2018-12-31$204,318
Total plan assets at beginning of year2018-12-31$0
Value of fidelity bond covering the plan2018-12-31$20,000
Total contributions received or receivable from participants2018-12-31$33,118
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$171,304
Net income (gross income less expenses)2018-12-31$204,318
Net plan assets at end of year (total assets less liabilities)2018-12-31$204,318
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$0
Assets. Value of participant loans2018-12-31$3,274
Total contributions received or receivable from employer(s)2018-12-31$12,236
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$1,795
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Funding deficiency by the employer to the plan for this plan year2018-12-31$0
Minimum employer required contribution for this plan year2018-12-31$0
Amount contributed by the employer to the plan for this plan year2018-12-31$0

Form 5500 Responses for NOTE SERVICING CENTER, INC. PROFIT SHARING PLAN

2018: NOTE SERVICING CENTER, INC. PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

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