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NATIONAL ASSOCIATION OF CREDIT MANAGEMENT, INC. EMPLOYEES' RETIREMENT PLAN 401k Plan overview

Plan NameNATIONAL ASSOCIATION OF CREDIT MANAGEMENT, INC. EMPLOYEES' RETIREMENT PLAN
Plan identification number 002

NATIONAL ASSOCIATION OF CREDIT MANAGEMENT, INC. EMPLOYEES' RETIREMENT 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NATIONAL ASSOCIATION OF CREDIT MANAGEMENT, INC. has sponsored the creation of one or more 401k plans.

Company Name:NATIONAL ASSOCIATION OF CREDIT MANAGEMENT, INC.
Employer identification number (EIN):521972771
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NATIONAL ASSOCIATION OF CREDIT MANAGEMENT, INC. EMPLOYEES' RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01CYNTHIA HOOD2023-07-26
0022021-01-01CYNTHIA HOOD2022-06-30
0022020-01-01CYNTHIA HOOD2021-07-19
0022019-01-01CYNTHIA HOOD2020-07-15
0022018-01-01CYNTHIA HOOD2019-06-06
0022017-01-01DAVID DHALA2018-05-08
0022016-01-01DAVID DHALA2017-06-15
0022015-01-01DAVID DHALA2016-09-01
0022014-01-01DAVID DHALA2015-08-28
0022013-01-01DAVID DHALA2014-08-13
0022012-01-01DALE D. MCCORMICK2013-07-05
0022011-01-01DALE D. MCCORMICK2012-06-26
0022010-01-01DALE D. MCCORMICK2011-06-22 DALE D. MCCORMICK2011-06-22

Plan Statistics for NATIONAL ASSOCIATION OF CREDIT MANAGEMENT, INC. EMPLOYEES' RETIREMENT PLAN

401k plan membership statisitcs for NATIONAL ASSOCIATION OF CREDIT MANAGEMENT, INC. EMPLOYEES' RETIREMENT PLAN

Measure Date Value
2025: NATIONAL ASSOCIATION OF CREDIT MANAGEMENT, INC. EMPLOYEES' RETIREMENT PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-0265
Total number of particpants at end of year2025-06-0258
Number of Participants With Account Balances2025-06-0250
2024: NATIONAL ASSOCIATION OF CREDIT MANAGEMENT, INC. EMPLOYEES' RETIREMENT PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-1149
Total number of particpants at end of year2024-07-1149
Number of Participants With Account Balances2024-07-1149
2022: NATIONAL ASSOCIATION OF CREDIT MANAGEMENT, INC. EMPLOYEES' RETIREMENT PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-3055
Total number of particpants at end of year2022-06-3050
Number of Participants With Account Balances2022-06-3043

Financial Data on NATIONAL ASSOCIATION OF CREDIT MANAGEMENT, INC. EMPLOYEES' RETIREMENT PLAN

Measure Date Value
2025 : NATIONAL ASSOCIATION OF CREDIT MANAGEMENT, INC. EMPLOYEES' RETIREMENT PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-020
Total expenses incurred by plan in this plan year2025-06-02283272
Net assets as of the end of the plan year2025-06-025726151
Total assets as of the beginning of the plan year2025-06-024989014
Value of plan covered by a fidelity bond2025-06-02500000
Participant contributions to plan in this plan year2025-06-02180327
Value of participant loans at end of plan year2025-06-0268883
Other expenses paid from plan in this plan year2025-06-020
Other contributions to plan in this plan year2025-06-02318
Other income to plan in this plan year2025-06-02733772
Plan net income in this plan year2025-06-02737137
Net assets as of the end of the plan year2025-06-025726151
Net assets as of the beginning of the plan year2025-06-024989014
Employer contributions to plan in this plan year2025-06-02105992
Fees paid to broker by Benefit Provider2025-06-025826
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-0229658
2024 : NATIONAL ASSOCIATION OF CREDIT MANAGEMENT, INC. EMPLOYEES' RETIREMENT PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-111097575
Net assets as of the end of the plan year2024-07-114989014
Total assets as of the beginning of the plan year2024-07-115053635
Value of plan covered by a fidelity bond2024-07-11500000
Participant contributions to plan in this plan year2024-07-11159651
Value of participant loans at end of plan year2024-07-1135001
Other contributions to plan in this plan year2024-07-114302
Other income to plan in this plan year2024-07-11808596
Plan net income in this plan year2024-07-11-64621
Net assets as of the end of the plan year2024-07-114989014
Net assets as of the beginning of the plan year2024-07-115053635
Employer contributions to plan in this plan year2024-07-1160405
Fees paid to broker by Benefit Provider2024-07-119594
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-118425
2022 : NATIONAL ASSOCIATION OF CREDIT MANAGEMENT, INC. EMPLOYEES' RETIREMENT PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-300
Total liabilities as of the end of the plan year2022-06-300
Total liabilities as of the beginning of the plan year2022-06-300
Total expenses incurred by plan in this plan year2022-06-30459295
Net assets as of the end of the plan year2022-06-305822898
Total assets as of the beginning of the plan year2022-06-305411646
Value of plan covered by a fidelity bond2022-06-30500000
Participant contributions to plan in this plan year2022-06-30129225
Value of participant loans at end of plan year2022-06-3084595
Other expenses paid from plan in this plan year2022-06-300
Other contributions to plan in this plan year2022-06-300
Other income to plan in this plan year2022-06-30712219
Plan net income in this plan year2022-06-30411252
Net assets as of the end of the plan year2022-06-305822898
Net assets as of the beginning of the plan year2022-06-305411646
Employer contributions to plan in this plan year2022-06-3029103
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-30160

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