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CENTRAL COAST LENDING, INC. 401(K) PLAN 401k Plan overview

Plan NameCENTRAL COAST LENDING, INC. 401(K) PLAN
Plan identification number 001

CENTRAL COAST LENDING, INC. 401(K) 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.
  • 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

CENTRAL COAST LENDING, INC. has sponsored the creation of one or more 401k plans.

Company Name:CENTRAL COAST LENDING, INC.
Employer identification number (EIN):261681423
NAIC Classification:522292
NAIC Description:Real Estate Credit

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CENTRAL COAST LENDING, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DANIEL PODESTO2024-04-17
0012022-01-01DANIEL PODESTO2023-04-03
0012021-01-01DANIEL PODESTO2022-06-07
0012020-01-01DANIEL PODESTO2021-05-19

Plan Statistics for CENTRAL COAST LENDING, INC. 401(K) PLAN

401k plan membership statisitcs for CENTRAL COAST LENDING, INC. 401(K) PLAN

Measure Date Value
2025: CENTRAL COAST LENDING, INC. 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-0328
Total number of particpants at end of year2025-06-0329
Number of Participants With Account Balances2025-06-0317
2024: CENTRAL COAST LENDING, INC. 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-04-1732
Total number of particpants at end of year2024-04-1728
Number of Participants With Account Balances2024-04-1718
2022: CENTRAL COAST LENDING, INC. 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-0741
Total number of particpants at end of year2022-06-0742
Number of Participants With Account Balances2022-06-0722

Financial Data on CENTRAL COAST LENDING, INC. 401(K) PLAN

Measure Date Value
2025 : CENTRAL COAST LENDING, INC. 401(K) PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-06-030
Total expenses incurred by plan in this plan year2025-06-03147889
Net assets as of the end of the plan year2025-06-031823452
Total assets as of the beginning of the plan year2025-06-031691240
Value of plan covered by a fidelity bond2025-06-03500000
Participant contributions to plan in this plan year2025-06-0370075
Value of participant loans at end of plan year2025-06-0318169
Other income to plan in this plan year2025-06-03190620
Plan net income in this plan year2025-06-03132212
Net assets as of the end of the plan year2025-06-031823452
Net assets as of the beginning of the plan year2025-06-031691240
Employer contributions to plan in this plan year2025-06-0319406
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-033202
2024 : CENTRAL COAST LENDING, INC. 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-04-17556101
Net assets as of the end of the plan year2024-04-171691240
Total assets as of the beginning of the plan year2024-04-171914765
Value of plan covered by a fidelity bond2024-04-17500000
Participant contributions to plan in this plan year2024-04-1768452
Value of participant loans at end of plan year2024-04-1738175
Other income to plan in this plan year2024-04-17244461
Plan net income in this plan year2024-04-17-223525
Net assets as of the end of the plan year2024-04-171691240
Net assets as of the beginning of the plan year2024-04-171914765
Employer contributions to plan in this plan year2024-04-1719663
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-173346
2022 : CENTRAL COAST LENDING, INC. 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-073228
Net assets as of the end of the plan year2022-06-071883833
Total assets as of the beginning of the plan year2022-06-071212666
Value of plan covered by a fidelity bond2022-06-07500000
Participant contributions to plan in this plan year2022-06-07340057
Other income to plan in this plan year2022-06-07181421
Plan net income in this plan year2022-06-07671167
Net assets as of the end of the plan year2022-06-071883833
Net assets as of the beginning of the plan year2022-06-071212666
Employer contributions to plan in this plan year2022-06-07152917
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-072356

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