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CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameCENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN
Plan identification number 001

CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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.
  • Life insurance

401k Sponsoring company profile

CENTRAL VALLEY MORTGAGE SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:CENTRAL VALLEY MORTGAGE SERVICES, INC.
Employer identification number (EIN):208082115
NAIC Classification:522291
NAIC Description:Consumer Lending

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01KEVIN TAGGARD2016-10-11
0012014-01-01KEVIN TAGGARD2015-10-15
0012013-01-01KEVIN TAGGARD2014-10-15
0012012-01-01KEVIN TAGGARD2013-09-27
0012011-01-01KEVIN TAGGARD
0012010-01-01KEVIN TAGGARD2011-10-13

Plan Statistics for CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2022: CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-312,145,103
Acturial value of plan assets2022-12-312,145,103
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-310
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-312,267,640
Number of active participants2022-12-313
Total funding liabilities for active participants2022-12-312,267,640
Total participant count2022-12-313
Total funding target for all participants2022-12-312,267,640
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31123,335
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-3120,000
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31103,335
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31104,771
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-31227,308
Total funding amount beforereflecting carryover/prefunding balances2022-12-3121,760
Prefunding balance elected to use to offset funding requirement2022-12-3121,760
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-312,116,074
Acturial value of plan assets2021-12-312,116,074
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-312,170,270
Number of active participants2021-12-313
Total funding liabilities for active participants2021-12-312,170,270
Total participant count2021-12-313
Total funding target for all participants2021-12-312,170,270
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31148,632
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-3132,683
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31115,949
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31123,335
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-310
Net shortfall amortization installment of oustanding balance2021-12-31177,531
Total funding amount beforereflecting carryover/prefunding balances2021-12-3116,553
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-3120,000
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-311,989,501
Acturial value of plan assets2020-12-311,989,501
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-312,014,273
Number of active participants2020-12-313
Total funding liabilities for active participants2020-12-312,014,273
Total participant count2020-12-313
Total funding target for all participants2020-12-312,014,273
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31144,964
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31144,964
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31148,632
Total employer contributions2020-12-310
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-31173,404
Total funding amount beforereflecting carryover/prefunding balances2020-12-3132,683
Prefunding balance elected to use to offset funding requirement2020-12-3132,683
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-311,916,053
Acturial value of plan assets2019-12-311,916,053
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-3119
Fundng target for terminated vested participants2019-12-3134,596
Active participant vested funding target2019-12-311,944,880
Number of active participants2019-12-313
Total funding liabilities for active participants2019-12-311,944,880
Total participant count2019-12-3122
Total funding target for all participants2019-12-311,979,476
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31141,387
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31141,387
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31144,964
Total employer contributions2019-12-3137,203
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-3133,860
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-31208,387
Total funding amount beforereflecting carryover/prefunding balances2019-12-3133,860
Additional cash requirement2019-12-3133,860
Contributions allocatedtoward minimum required contributions for current year2019-12-3133,860
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-311,974,858
Acturial value of plan assets2018-12-311,974,858
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-3122
Fundng target for terminated vested participants2018-12-3132,406
Active participant vested funding target2018-12-311,877,312
Number of active participants2018-12-313
Total funding liabilities for active participants2018-12-311,877,312
Total participant count2018-12-3125
Total funding target for all participants2018-12-311,909,718
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31131,621
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31131,621
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31141,387
Total employer contributions2018-12-310
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-311,882,535
Acturial value of plan assets2017-12-311,882,535
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-3123
Fundng target for terminated vested participants2017-12-3120,234
Active participant vested funding target2017-12-311,507,714
Number of active participants2017-12-313
Total funding liabilities for active participants2017-12-311,507,714
Total participant count2017-12-3126
Total funding target for all participants2017-12-311,527,948
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31352,446
Prefunding balanced used to offset prior years funding requirement2017-12-31225,313
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-31127,133
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31131,621
Total employer contributions2017-12-310
Total employee contributions2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31210,199
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-311,752,453
Acturial value of plan assets2016-12-311,752,453
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-3123
Fundng target for terminated vested participants2016-12-3121,209
Active participant vested funding target2016-12-311,413,991
Number of active participants2016-12-313
Total funding liabilities for active participants2016-12-311,413,991
Total participant count2016-12-3126
Total funding target for all participants2016-12-311,435,200
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31349,164
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-31349,164
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31352,446
Total employer contributions2016-12-310
Total employee contributions2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31228,521
Net shortfall amortization installment of oustanding balance2016-12-3154,255
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31237,480
Prefunding balance elected to use to offset funding requirement2016-12-31237,480
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
2011: CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0113
Total number of active participants reported on line 7a of the Form 55002011-01-017
Total of all active and inactive participants2011-01-017
Total participants2011-01-017

Financial Data on CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2011 : CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN 2011 401k financial data
Total income from all sources2011-12-31$110,423
Expenses. Total of all expenses incurred2011-12-31$29
Total plan assets at end of year2011-12-31$321,960
Total plan assets at beginning of year2011-12-31$211,566
Other income received2011-12-31$-47,497
Net income (gross income less expenses)2011-12-31$110,394
Net plan assets at end of year (total assets less liabilities)2011-12-31$321,960
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$211,566
Total contributions received or receivable from employer(s)2011-12-31$157,920
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$29

Form 5500 Responses for CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN

2011: CENTRAL VALLEY MORTGAGE SERVICES, INC. DEFINED BENEFIT PENSION PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PACIFIC LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 67466 )
Policy contract number
Policy instance 1
Number of Individuals Covered5
Total amount of commissions paid to insurance brokerUSD $128,332
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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