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BLUE WATER MORTGAGE CORPORATION 401K PLAN 401k Plan overview

Plan NameBLUE WATER MORTGAGE CORPORATION 401K PLAN
Plan identification number 001

BLUE WATER MORTGAGE CORPORATION 401K PLAN Benefits

401k Plan TypeDefined 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.
  • 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

BLUE WATER MORTGAGE CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:BLUE WATER MORTGAGE CORPORATION
Employer identification number (EIN):270003125
NAIC Classification:522292
NAIC Description:Real Estate Credit

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BLUE WATER MORTGAGE CORPORATION 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SHIRLEY HORNER2024-09-12
0012022-01-01ERISA FIDUCIARY SERVICES, INC2023-03-30
0012021-01-01ERISA FIDUCIARY SERVICES2022-04-05
0012020-01-01ERISA FIDUCIARY SERVICES2021-04-01
0012018-01-01GARRETT COLLINS2019-06-14
0012017-01-01GARRETT COLLINS2018-09-05
0012016-01-01GARRETT COLLINS2017-07-19
0012015-01-01GARRETT COLLINS2016-08-03
0012014-01-01GARRETT COLLINS2015-02-11
0012013-01-01GARRETT COLLINS2014-03-11
0012012-01-01GARRETT COLLINS2013-05-03
0012011-01-01GARRETT COLLINS2012-03-12
0012010-01-01GARRETT COLLINS2011-05-02 GARRETT COLLINS2011-05-02

Plan Statistics for BLUE WATER MORTGAGE CORPORATION 401K PLAN

401k plan membership statisitcs for BLUE WATER MORTGAGE CORPORATION 401K PLAN

Measure Date Value
2025: BLUE WATER MORTGAGE CORPORATION 401K PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-0149
Total number of particpants at end of year2025-07-0170
Number of Participants With Account Balances2025-07-0148
2024: BLUE WATER MORTGAGE CORPORATION 401K PLAN 2024 401k membership
Total number of particpants at beginning of year2024-09-1245
Total number of particpants at end of year2024-09-1250
Number of Participants With Account Balances2024-09-1241
2022: BLUE WATER MORTGAGE CORPORATION 401K PLAN 2022 401k membership
Total number of particpants at beginning of year2022-04-0547
Total number of particpants at end of year2022-04-0550
Number of Participants With Account Balances2022-04-0541

Financial Data on BLUE WATER MORTGAGE CORPORATION 401K PLAN

Measure Date Value
2025 : BLUE WATER MORTGAGE CORPORATION 401K PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-01149527
Net assets as of the end of the plan year2025-07-0110159202
Total assets as of the beginning of the plan year2025-07-018245045
Value of plan covered by a fidelity bond2025-07-01500000
Participant contributions to plan in this plan year2025-07-01383887
Value of participant loans at end of plan year2025-07-0173419
Other contributions to plan in this plan year2025-07-01154627
Other income to plan in this plan year2025-07-011353838
Plan net income in this plan year2025-07-011914157
Net assets as of the end of the plan year2025-07-0110159202
Net assets as of the beginning of the plan year2025-07-018245045
Employer contributions to plan in this plan year2025-07-01171332
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-0141601
2024 : BLUE WATER MORTGAGE CORPORATION 401K PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-12155873
Net assets as of the end of the plan year2024-09-128245045
Total assets as of the beginning of the plan year2024-09-126744782
Value of plan covered by a fidelity bond2024-09-12500000
Participant contributions to plan in this plan year2024-09-12274655
Value of participant loans at end of plan year2024-09-1278224
Other income to plan in this plan year2024-09-121241438
Plan net income in this plan year2024-09-121500263
Net assets as of the end of the plan year2024-09-128245045
Net assets as of the beginning of the plan year2024-09-126744782
Employer contributions to plan in this plan year2024-09-12140043
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-1241220
2022 : BLUE WATER MORTGAGE CORPORATION 401K PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-04-050
Total liabilities as of the end of the plan year2022-04-050
Total liabilities as of the beginning of the plan year2022-04-050
Total expenses incurred by plan in this plan year2022-04-05146175
Net assets as of the end of the plan year2022-04-057707444
Total assets as of the beginning of the plan year2022-04-056030212
Value of plan covered by a fidelity bond2022-04-05500000
Participant contributions to plan in this plan year2022-04-05450162
Value of participant loans at end of plan year2022-04-0539275
Other expenses paid from plan in this plan year2022-04-050
Other contributions to plan in this plan year2022-04-0543257
Other income to plan in this plan year2022-04-051111391
Plan net income in this plan year2022-04-051677232
Net assets as of the end of the plan year2022-04-057707444
Net assets as of the beginning of the plan year2022-04-056030212
Employer contributions to plan in this plan year2022-04-05218597
Expensese paid to adminstrative service provicers from plan in this plan year2022-04-0549960

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