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TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 401k Plan overview

Plan NameTXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST
Plan identification number 001

TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

TXL MORTGAGE CORP has sponsored the creation of one or more 401k plans.

Company Name:TXL MORTGAGE CORP
Employer identification number (EIN):760586058
NAIC Classification:522292
NAIC Description:Real Estate Credit

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01LORI CHARNESKY
0012015-01-01DALE COUCH
0012014-01-01LORI CHARNESKY
0012013-01-01JOHN ECOFF2014-07-03
0012012-01-01TXL MORTGAGE CORP
0012011-01-01JOHN ECOFF
0012010-01-01JOHN ECOFF
0012009-01-01JOHN ECOFF

Plan Statistics for TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST

401k plan membership statisitcs for TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2016: TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2016 401k membership
Total participants, beginning-of-year2016-01-0119
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-019
Total of all active and inactive participants2016-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-019
Number of participants with account balances2016-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-0150
Total number of active participants reported on line 7a of the Form 55002015-01-010
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0119
Total of all active and inactive participants2015-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0119
Number of participants with account balances2015-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2014 401k membership
Total participants, beginning-of-year2014-01-0173
Total number of active participants reported on line 7a of the Form 55002014-01-010
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0150
Total of all active and inactive participants2014-01-0150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0150
Number of participants with account balances2014-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0126
2012: TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-0150
Total number of active participants reported on line 7a of the Form 55002012-01-0148
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-0148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0148
Number of participants with account balances2012-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-0132
Total number of active participants reported on line 7a of the Form 55002011-01-0141
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0123
Total of all active and inactive participants2011-01-0164
Total participants2011-01-0164
Number of participants with account balances2011-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-019
2010: TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-0128
Total number of active participants reported on line 7a of the Form 55002010-01-0132
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-0132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0132
Number of participants with account balances2010-01-0132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0128
Total number of active participants reported on line 7a of the Form 55002009-01-0124
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0124
Number of participants with account balances2009-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2016 : TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$-44,734
Expenses. Total of all expenses incurred2016-12-31$768,570
Benefits paid (including direct rollovers)2016-12-31$764,850
Total plan assets at end of year2016-12-31$95,371
Total plan assets at beginning of year2016-12-31$908,675
Value of fidelity bond covering the plan2016-12-31$50,000
Total contributions received or receivable from participants2016-12-31$0
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$-44,734
Net income (gross income less expenses)2016-12-31$-813,304
Net plan assets at end of year (total assets less liabilities)2016-12-31$95,371
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$908,675
Total contributions received or receivable from employer(s)2016-12-31$0
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$3,720
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Funding deficiency by the employer to the plan for this plan year2016-12-31$0
Minimum employer required contribution for this plan year2016-12-31$0
Amount contributed by the employer to the plan for this plan year2016-12-31$0
2015 : TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$24,066
Expenses. Total of all expenses incurred2015-12-31$681,302
Benefits paid (including direct rollovers)2015-12-31$669,256
Total plan assets at end of year2015-12-31$908,675
Total plan assets at beginning of year2015-12-31$1,565,911
Value of fidelity bond covering the plan2015-12-31$50,000
Total contributions received or receivable from participants2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$24,066
Net income (gross income less expenses)2015-12-31$-657,236
Net plan assets at end of year (total assets less liabilities)2015-12-31$908,675
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,565,911
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$9,536
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$2,510
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Funding deficiency by the employer to the plan for this plan year2015-12-31$0
Minimum employer required contribution for this plan year2015-12-31$0
Amount contributed by the employer to the plan for this plan year2015-12-31$0
2014 : TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$301,914
Expenses. Total of all expenses incurred2014-12-31$257,750
Benefits paid (including direct rollovers)2014-12-31$240,430
Total plan assets at end of year2014-12-31$1,565,911
Total plan assets at beginning of year2014-12-31$1,521,747
Value of fidelity bond covering the plan2014-12-31$50,000
Total contributions received or receivable from participants2014-12-31$164,193
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$89,788
Net income (gross income less expenses)2014-12-31$44,164
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,565,911
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,521,747
Assets. Value of participant loans2014-12-31$82,081
Total contributions received or receivable from employer(s)2014-12-31$47,933
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$15,937
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$1,383
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Funding deficiency by the employer to the plan for this plan year2014-12-31$0
Minimum employer required contribution for this plan year2014-12-31$0
Amount contributed by the employer to the plan for this plan year2014-12-31$0
2012 : TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$-928,772
Expenses. Total of all expenses incurred2012-12-31$295,667
Benefits paid (including direct rollovers)2012-12-31$294,962
Total plan assets at end of year2012-12-31$33,389
Total plan assets at beginning of year2012-12-31$1,257,828
Value of fidelity bond covering the plan2012-12-31$50,000
Total contributions received or receivable from participants2012-12-31$295,602
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$-1,263,241
Net income (gross income less expenses)2012-12-31$-1,224,439
Net plan assets at end of year (total assets less liabilities)2012-12-31$33,389
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,257,828
Assets. Value of participant loans2012-12-31$18,442
Total contributions received or receivable from employer(s)2012-12-31$38,867
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$705
2011 : TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$160,942
Expenses. Total of all expenses incurred2011-12-31$173,533
Benefits paid (including direct rollovers)2011-12-31$137,300
Total plan assets at end of year2011-12-31$1,257,828
Total plan assets at beginning of year2011-12-31$1,270,419
Value of fidelity bond covering the plan2011-12-31$50,000
Total contributions received or receivable from participants2011-12-31$179,439
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$3,252
Other income received2011-12-31$-68,304
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$-12,591
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,257,828
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,270,419
Assets. Value of participant loans2011-12-31$18,581
Total contributions received or receivable from employer(s)2011-12-31$46,555
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$35,748
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$485
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$430,336
Expenses. Total of all expenses incurred2010-12-31$227,193
Benefits paid (including direct rollovers)2010-12-31$164,427
Total plan assets at end of year2010-12-31$1,270,419
Total plan assets at beginning of year2010-12-31$1,067,276
Value of fidelity bond covering the plan2010-12-31$50,000
Total contributions received or receivable from participants2010-12-31$209,451
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$165,180
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$203,143
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,270,419
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,067,276
Assets. Value of participant loans2010-12-31$23,051
Total contributions received or receivable from employer(s)2010-12-31$55,705
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$62,471
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$295

Form 5500 Responses for TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST

2016: TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2012: TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedYes
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: TXL MORTGAGE CORP 401 K PROFIT SHARING PLAN TRUST 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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