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SANTANDER CONSUMER USA INC. RETIREMENT PLAN 401k Plan overview

Plan NameSANTANDER CONSUMER USA INC. RETIREMENT PLAN
Plan identification number 001

SANTANDER CONSUMER USA INC. RETIREMENT PLAN Benefits

401k Plan TypeDefined 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.
  • 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

SANTANDER CONSUMER USA INC. has sponsored the creation of one or more 401k plans.

Company Name:SANTANDER CONSUMER USA INC.
Employer identification number (EIN):363149993
NAIC Classification:522291
NAIC Description:Consumer Lending

Additional information about SANTANDER CONSUMER USA INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1985-09-01
Company Identification Number: 0008377206
Legal Registered Office Address: 1601 ELM ST STE 800

DALLAS
United States of America (USA)
75201

More information about SANTANDER CONSUMER USA INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SANTANDER CONSUMER USA INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012009-01-01MICHELLE WHATLEY

Plan Statistics for SANTANDER CONSUMER USA INC. RETIREMENT PLAN

401k plan membership statisitcs for SANTANDER CONSUMER USA INC. RETIREMENT PLAN

Measure Date Value
2009: SANTANDER CONSUMER USA INC. RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-011,327
Total number of active participants reported on line 7a of the Form 55002009-01-011,002
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0151
Total of all active and inactive participants2009-01-011,053
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-011,053
Number of participants with account balances2009-01-01509
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0141

Financial Data on SANTANDER CONSUMER USA INC. RETIREMENT PLAN

Measure Date Value
2010 : SANTANDER CONSUMER USA INC. RETIREMENT PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets to this plan2010-12-31$22,687,964
Total transfer of assets from this plan2010-12-31$12,663,929
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$442,548
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$583,762
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$190,441
Expenses. Certain deemed distributions of participant loans2010-12-31$18,305
Value of total corrective distributions2010-12-31$372,696
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$0
Value of total assets at end of year2010-12-31$0
Value of total assets at beginning of year2010-12-31$12,805,143
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$2,320
Total interest from all sources2010-12-31$11,730
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$26,729
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$26,729
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$3,744,192
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$802,470
Participant contributions at end of year2010-12-31$72,095
Participant contributions at beginning of year2010-12-31$21,671
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$618,937
Administrative expenses (other) incurred2010-12-31$2,320
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-141,214
Value of net assets at end of year (total assets less liabilities)2010-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$12,805,143
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$10,111,237
Interest on participant loans2010-12-31$11,042
Interest earned on other investments2010-12-31$688
Value of interest in common/collective trusts at end of year2010-12-31$0
Value of interest in common/collective trusts at beginning of year2010-12-31$1,891,436
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$404,089
Net investment gain or loss from common/collective trusts2010-12-31$252,557
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$2,996,980
Employer contributions (assets) at end of year2010-12-31$57,474
Employer contributions (assets) at beginning of year2010-12-31$65,122
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$190,441
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31Yes
Did the plan have assets held for investment2010-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31GOLDIN PEISER & PEISER, LLP
Accountancy firm EIN2010-12-31752515294
2009 : SANTANDER CONSUMER USA INC. RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for SANTANDER CONSUMER USA INC. RETIREMENT PLAN

2009: SANTANDER CONSUMER USA INC. RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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