M & M INSTANT CREDIT, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan M & M INSTANT CREDIT, INC. CASH BALANCE PENSION PLAN
401k plan membership statisitcs for M & M INSTANT CREDIT, INC. CASH BALANCE PENSION PLAN
| Measure | Date | Value |
|---|
| 2025: M & M INSTANT CREDIT, INC. CASH BALANCE PENSION PLAN 2025 401k membership |
|---|
| Total number of particpants at beginning of year | 2025-07-29 | 9 |
| Total number of particpants at end of year | 2025-07-29 | 11 |
| 2024: M & M INSTANT CREDIT, INC. CASH BALANCE PENSION PLAN 2024 401k membership |
|---|
| Total number of particpants at beginning of year | 2024-07-26 | 9 |
| Total number of particpants at end of year | 2024-07-26 | 9 |
| 2022: M & M INSTANT CREDIT, INC. CASH BALANCE PENSION PLAN 2022 401k membership |
|---|
| Market value of plan assets | 2022-12-31 | 1,036,426 |
| Acturial value of plan assets | 2022-12-31 | 1,036,426 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 0 |
| Number of terminated vested participants | 2022-12-31 | 0 |
| Fundng target for terminated vested participants | 2022-12-31 | 0 |
| Active participant vested funding target | 2022-12-31 | 1,262,615 |
| Number of active participants | 2022-12-31 | 9 |
| Total funding liabilities for active participants | 2022-12-31 | 1,262,615 |
| Total participant count | 2022-12-31 | 9 |
| Total funding target for all participants | 2022-12-31 | 1,262,615 |
| Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 0 |
| Amount remaining of carryover balance | 2022-12-31 | 0 |
| Amount remaining of prefunding balance | 2022-12-31 | 0 |
| Present value of excess contributions | 2022-12-31 | 54,263 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 54,263 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2022-12-31 | 0 |
| Total employer contributions | 2022-12-31 | 250,000 |
| Total employee contributions | 2022-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 246,488 |
| Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2022-12-31 | 98,317 |
| Net shortfall amortization installment of oustanding balance | 2022-12-31 | 226,189 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 119,219 |
| Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
| Additional cash requirement | 2022-12-31 | 119,219 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 246,488 |
| Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
| Total number of particpants at beginning of year | 2022-07-25 | 9 |
| Total number of particpants at end of year | 2022-07-25 | 9 |
| 2021: M & M INSTANT CREDIT, INC. CASH BALANCE PENSION PLAN 2021 401k membership |
|---|
| Market value of plan assets | 2021-12-31 | 979,456 |
| Acturial value of plan assets | 2021-12-31 | 979,456 |
| Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 0 |
| Number of terminated vested participants | 2021-12-31 | 0 |
| Fundng target for terminated vested participants | 2021-12-31 | 0 |
| Active participant vested funding target | 2021-12-31 | 878,446 |
| Number of active participants | 2021-12-31 | 9 |
| Total funding liabilities for active participants | 2021-12-31 | 878,446 |
| Total participant count | 2021-12-31 | 9 |
| Total funding target for all participants | 2021-12-31 | 878,446 |
| Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2021-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2021-12-31 | 0 |
| Amount remaining of carryover balance | 2021-12-31 | 0 |
| Amount remaining of prefunding balance | 2021-12-31 | 0 |
| Present value of excess contributions | 2021-12-31 | 65,299 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 65,299 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2021-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2021-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2021-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2021-12-31 | 0 |
| Total employer contributions | 2021-12-31 | 250,000 |
| Total employee contributions | 2021-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2021-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2021-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 244,713 |
| Unpaid minimum required contributions for all prior years | 2021-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2021-12-31 | 291,460 |
| Net shortfall amortization installment of oustanding balance | 2021-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 190,450 |
| Carryover balance elected to use to offset funding requirement | 2021-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2021-12-31 | 0 |
| Additional cash requirement | 2021-12-31 | 190,450 |
| Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 244,713 |
| Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
| 2020: M & M INSTANT CREDIT, INC. CASH BALANCE PENSION PLAN 2020 401k membership |
|---|
| Market value of plan assets | 2020-12-31 | 688,666 |
| Acturial value of plan assets | 2020-12-31 | 688,666 |
| Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 0 |
| Number of terminated vested participants | 2020-12-31 | 0 |
| Fundng target for terminated vested participants | 2020-12-31 | 0 |
| Active participant vested funding target | 2020-12-31 | 539,589 |
| Number of active participants | 2020-12-31 | 8 |
| Total funding liabilities for active participants | 2020-12-31 | 539,589 |
| Total participant count | 2020-12-31 | 8 |
| Total funding target for all participants | 2020-12-31 | 539,589 |
| Balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
| Amount remaining of carryover balance | 2020-12-31 | 0 |
| Amount remaining of prefunding balance | 2020-12-31 | 0 |
| Present value of excess contributions | 2020-12-31 | 61,591 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 61,591 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2020-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2020-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2020-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2020-12-31 | 0 |
| Total employer contributions | 2020-12-31 | 200,000 |
| Total employee contributions | 2020-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2020-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2020-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 196,258 |
| Unpaid minimum required contributions for all prior years | 2020-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2020-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2020-12-31 | 280,036 |
| Net shortfall amortization installment of oustanding balance | 2020-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 130,959 |
| Carryover balance elected to use to offset funding requirement | 2020-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2020-12-31 | 0 |
| Additional cash requirement | 2020-12-31 | 130,959 |
| Contributions allocatedtoward minimum required contributions for current year | 2020-12-31 | 196,258 |
| Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2020-12-31 | 0 |
| 2019: M & M INSTANT CREDIT, INC. CASH BALANCE PENSION PLAN 2019 401k membership |
|---|
| Market value of plan assets | 2019-12-31 | 262,429 |
| Acturial value of plan assets | 2019-12-31 | 262,429 |
| Funding target for retired participants and beneficiaries receiving payment | 2019-12-31 | 0 |
| Number of terminated vested participants | 2019-12-31 | 0 |
| Fundng target for terminated vested participants | 2019-12-31 | 0 |
| Active participant vested funding target | 2019-12-31 | 0 |
| Number of active participants | 2019-12-31 | 8 |
| Total funding liabilities for active participants | 2019-12-31 | 248,821 |
| Total participant count | 2019-12-31 | 8 |
| Total funding target for all participants | 2019-12-31 | 248,821 |
| Balance at beginning of prior year after applicable adjustments | 2019-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2019-12-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2019-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2019-12-31 | 0 |
| Amount remaining of carryover balance | 2019-12-31 | 0 |
| Amount remaining of prefunding balance | 2019-12-31 | 0 |
| Present value of excess contributions | 2019-12-31 | 10,788 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-12-31 | 10,788 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2019-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2019-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2019-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2019-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2019-12-31 | 0 |
| Total employer contributions | 2019-12-31 | 319,695 |
| Total employee contributions | 2019-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2019-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2019-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-12-31 | 316,764 |
| Unpaid minimum required contributions for all prior years | 2019-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2019-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2019-12-31 | 268,781 |
| Net shortfall amortization installment of oustanding balance | 2019-12-31 | 0 |
| Waiver amortization installment | 2019-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2019-12-31 | 255,173 |
| Additional cash requirement | 2019-12-31 | 255,173 |
| Contributions allocatedtoward minimum required contributions for current year | 2019-12-31 | 316,764 |
| Unpaid minimum required contributions for current year | 2019-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2019-12-31 | 0 |
| 2018: M & M INSTANT CREDIT, INC. CASH BALANCE PENSION PLAN 2018 401k membership |
|---|
| Market value of plan assets | 2018-12-31 | 0 |
| Acturial value of plan assets | 2018-12-31 | 0 |
| Funding target for retired participants and beneficiaries receiving payment | 2018-12-31 | 0 |
| Number of terminated vested participants | 2018-12-31 | 0 |
| Fundng target for terminated vested participants | 2018-12-31 | 0 |
| Active participant vested funding target | 2018-12-31 | 0 |
| Number of active participants | 2018-12-31 | 12 |
| Total funding liabilities for active participants | 2018-12-31 | 0 |
| Total participant count | 2018-12-31 | 12 |
| Total funding target for all participants | 2018-12-31 | 0 |
| Balance at beginning of prior year after applicable adjustments | 2018-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2018-12-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2018-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2018-12-31 | 0 |
| Amount remaining of carryover balance | 2018-12-31 | 0 |
| Amount remaining of prefunding balance | 2018-12-31 | 0 |
| Present value of excess contributions | 2018-12-31 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-12-31 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2018-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2018-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2018-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2018-12-31 | 0 |
| Total employer contributions | 2018-12-31 | 251,618 |
| Total employee contributions | 2018-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2018-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2018-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-12-31 | 244,501 |
| Unpaid minimum required contributions for all prior years | 2018-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2018-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2018-12-31 | 233,713 |
| Net shortfall amortization installment of oustanding balance | 2018-12-31 | 0 |
| Waiver amortization installment | 2018-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2018-12-31 | 233,713 |
| Additional cash requirement | 2018-12-31 | 233,713 |
| Contributions allocatedtoward minimum required contributions for current year | 2018-12-31 | 244,501 |
| Unpaid minimum required contributions for current year | 2018-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2018-12-31 | 0 |
| Measure | Date | Value |
|---|
| 2025 : M & M INSTANT CREDIT, INC. CASH BALANCE PENSION PLAN 2025 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2025-07-29 | 0 |
| Total liabilities as of the end of the plan year | 2025-07-29 | 0 |
| Total liabilities as of the beginning of the plan year | 2025-07-29 | 0 |
| Total expenses incurred by plan in this plan year | 2025-07-29 | 7963 |
| Net assets as of the end of the plan year | 2025-07-29 | 2186893 |
| Total assets as of the beginning of the plan year | 2025-07-29 | 1734501 |
| Value of plan covered by a fidelity bond | 2025-07-29 | 385000 |
| Participant contributions to plan in this plan year | 2025-07-29 | 0 |
| Other expenses paid from plan in this plan year | 2025-07-29 | 0 |
| Other contributions to plan in this plan year | 2025-07-29 | 0 |
| Other income to plan in this plan year | 2025-07-29 | 210355 |
| Plan net income in this plan year | 2025-07-29 | 452392 |
| Net assets as of the end of the plan year | 2025-07-29 | 2186893 |
| Net assets as of the beginning of the plan year | 2025-07-29 | 1734501 |
| Employer contributions to plan in this plan year | 2025-07-29 | 250000 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-07-29 | 7963 |
| 2024 : M & M INSTANT CREDIT, INC. CASH BALANCE PENSION PLAN 2024 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2024-07-26 | 0 |
| Total liabilities as of the end of the plan year | 2024-07-26 | 0 |
| Total liabilities as of the beginning of the plan year | 2024-07-26 | 0 |
| Total expenses incurred by plan in this plan year | 2024-07-26 | 18746 |
| Net assets as of the end of the plan year | 2024-07-26 | 1734501 |
| Total assets as of the beginning of the plan year | 2024-07-26 | 1286426 |
| Value of plan covered by a fidelity bond | 2024-07-26 | 385000 |
| Participant contributions to plan in this plan year | 2024-07-26 | 0 |
| Other expenses paid from plan in this plan year | 2024-07-26 | 0 |
| Other contributions to plan in this plan year | 2024-07-26 | 0 |
| Other income to plan in this plan year | 2024-07-26 | 216821 |
| Plan net income in this plan year | 2024-07-26 | 448075 |
| Net assets as of the end of the plan year | 2024-07-26 | 1734501 |
| Net assets as of the beginning of the plan year | 2024-07-26 | 1286426 |
| Employer contributions to plan in this plan year | 2024-07-26 | 250000 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-07-26 | 18746 |
| 2022 : M & M INSTANT CREDIT, INC. CASH BALANCE PENSION PLAN 2022 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2022-07-25 | 0 |
| Total liabilities as of the end of the plan year | 2022-07-25 | 0 |
| Total liabilities as of the beginning of the plan year | 2022-07-25 | 0 |
| Total expenses incurred by plan in this plan year | 2022-07-25 | 11507 |
| Net assets as of the end of the plan year | 2022-07-25 | 1229456 |
| Total assets as of the beginning of the plan year | 2022-07-25 | 888666 |
| Value of plan covered by a fidelity bond | 2022-07-25 | 385000 |
| Participant contributions to plan in this plan year | 2022-07-25 | 0 |
| Other expenses paid from plan in this plan year | 2022-07-25 | 0 |
| Other contributions to plan in this plan year | 2022-07-25 | 0 |
| Other income to plan in this plan year | 2022-07-25 | 102297 |
| Plan net income in this plan year | 2022-07-25 | 340790 |
| Net assets as of the end of the plan year | 2022-07-25 | 1229456 |
| Net assets as of the beginning of the plan year | 2022-07-25 | 888666 |
| Employer contributions to plan in this plan year | 2022-07-25 | 250000 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2022-07-25 | 11507 |