401k Plan data: NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN plan

NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN 401k Plan overview

Plan Name	NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN
Plan identification number	001

NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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

NEW CENTURY FINANCIAL SERVICES, INC has sponsored the creation of one or more 401k plans.

Company Name: NEW CENTURY FINANCIAL SERVICES, INC

Employer identification number (EIN): 223418809

NAIC Classification: 561440
NAIC Description: Collection Agencies

Additional information about NEW CENTURY FINANCIAL SERVICES, INC

Jurisdiction of Incorporation: Georgia Department of States Corporations Division

Incorporation Date:

Company Identification Number: 203459

More information about NEW CENTURY FINANCIAL SERVICES, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 JEFFREY DANIEL ESPOSITO 2023-03-10
001 2021-01-01 JEFFREY DANIEL ESPOSITO 2022-06-10
001 2020-01-01 JEFFREY DANIEL ESPOSITO 2021-10-07
001 2019-01-01 MIMI GALIC 2020-07-23
001 2018-01-01 MIMI GALIC 2019-10-04
001 2017-01-01 MIMI GALIC 2018-07-30
001 2016-01-01 MIMI GALIC 2017-07-05
001 2015-01-01 MIMI GALIC 2016-05-09
001 2014-01-01 MIMI CHOW 2015-07-22
001 2013-01-01 MIMI CHOW
001 2012-01-01 MIMI CHOW
001 2011-01-01 MIMI CHOW 2012-02-10
001 2010-01-01 MIMI CHOW 2011-02-15
001 2009-01-01 ERIC SOMBERS ERIC SOMBERS 2010-08-18
001 2009-01-01 ERIC SOMBERS ERIC SOMBERS 2010-08-18
001 2009-01-01 ERIC SOMBERS
001 2009-01-01 ERIC SOMBERS
001 2009-01-01 ERIC SOMBERS ERIC SOMBERS 2010-08-18
001 2009-01-01 ERIC SOMBERS

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	JEFFREY DANIEL ESPOSITO	2023-03-10
001	2021-01-01	JEFFREY DANIEL ESPOSITO	2022-06-10
001	2020-01-01	JEFFREY DANIEL ESPOSITO	2021-10-07
001	2019-01-01	MIMI GALIC	2020-07-23
001	2018-01-01	MIMI GALIC	2019-10-04
001	2017-01-01	MIMI GALIC	2018-07-30
001	2016-01-01	MIMI GALIC	2017-07-05
001	2015-01-01	MIMI GALIC	2016-05-09
001	2014-01-01	MIMI CHOW	2015-07-22
001	2013-01-01	MIMI CHOW
001	2012-01-01	MIMI CHOW
001	2011-01-01	MIMI CHOW	2012-02-10
001	2010-01-01	MIMI CHOW	2011-02-15
001	2009-01-01	ERIC SOMBERS		ERIC SOMBERS	2010-08-18
001	2009-01-01	ERIC SOMBERS		ERIC SOMBERS	2010-08-18
001	2009-01-01	ERIC SOMBERS
001	2009-01-01	ERIC SOMBERS
001	2009-01-01	ERIC SOMBERS		ERIC SOMBERS	2010-08-18
001	2009-01-01	ERIC SOMBERS

Plan Statistics for NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN

Measure Date Value
2013: NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 10
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 8
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 1
Total of all active and inactive participants 2013-01-01 9
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 9
Number of participants with account balances 2013-01-01 9
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 1
2012: NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 1
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 10
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 0
Total of all active and inactive participants 2012-01-01 10
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 10
Number of participants with account balances 2012-01-01 9
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2009: NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 14
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 13
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 4
Total of all active and inactive participants 2009-01-01 17
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 17
Number of participants with account balances 2009-01-01 17
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2013: NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	10
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	8
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	1
Total of all active and inactive participants	2013-01-01	9
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	9
Number of participants with account balances	2013-01-01	9
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	1
2012: NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	1
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	10
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	0
Total of all active and inactive participants	2012-01-01	10
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	10
Number of participants with account balances	2012-01-01	9
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2009: NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	14
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	13
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	4
Total of all active and inactive participants	2009-01-01	17
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	17
Number of participants with account balances	2009-01-01	17
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN

Measure	Date	Value
2013 : NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$532,521
Expenses. Total of all expenses incurred	2013-12-31	$10,522
Total plan assets at end of year	2013-12-31	$1,926,955
Total plan assets at beginning of year	2013-12-31	$1,404,956
Value of fidelity bond covering the plan	2013-12-31	$300,000
Total contributions received or receivable from participants	2013-12-31	$81,548
Other income received	2013-12-31	$370,199
Net income (gross income less expenses)	2013-12-31	$521,999
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$1,926,955
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$1,404,956
Assets. Value of participant loans	2013-12-31	$1,391
Total contributions received or receivable from employer(s)	2013-12-31	$80,774
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$10,522
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$373,960
Expenses. Total of all expenses incurred	2012-12-31	$317,000
Benefits paid (including direct rollovers)	2012-12-31	$312,783
Total plan assets at end of year	2012-12-31	$1,404,956
Total plan assets at beginning of year	2012-12-31	$1,347,996
Value of fidelity bond covering the plan	2012-12-31	$300,000
Total contributions received or receivable from participants	2012-12-31	$82,680
Other income received	2012-12-31	$208,600
Net income (gross income less expenses)	2012-12-31	$56,960
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$1,404,956
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$1,347,996
Assets. Value of participant loans	2012-12-31	$3,333
Total contributions received or receivable from employer(s)	2012-12-31	$82,680
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$4,217
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0

Form 5500 Responses for NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN

2013: NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2009: NEW CENTURY FINANCIAL SERVICES, INC. PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	Yes
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	NEW CENTURY FINANCIAL SERVICES, INC
Employer identification number (EIN):	223418809
NAIC Classification:	561440
NAIC Description:	Collection Agencies

Jurisdiction of Incorporation:	Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number:	203459