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GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN 401k Plan overview

Plan NameGLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN
Plan identification number 001

GLOBAL CREDIT & COLLECTION CORPORATION 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

GLOBAL CREDIT & COLLECTION CORPO has sponsored the creation of one or more 401k plans.

Company Name:GLOBAL CREDIT & COLLECTION CORPO
Employer identification number (EIN):743104477
NAIC Classification:561440
NAIC Description:Collection Agencies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01ELIANA DAVILA2023-07-14
0012021-01-01SUZANNE MORRIS2022-09-29
0012020-01-01ROOSEVELT GORDON2021-10-13
0012019-01-01OLIVIA SIMMONS2020-07-02
0012018-01-01
0012018-01-01
0012017-01-01ROOSEVELT GORDON
0012017-01-01ROOSEVELT GORDON
0012016-01-01KAILEY WIMBAUER
0012015-09-01CHRISTINE RAMOS CHRISTINE RAMOS2016-10-11

Plan Statistics for GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN

401k plan membership statisitcs for GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN

Measure Date Value
2018: GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01106
Total number of active participants reported on line 7a of the Form 55002018-01-0159
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-019
Total of all active and inactive participants2018-01-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0168
Number of participants with account balances2018-01-0135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01207
Total number of active participants reported on line 7a of the Form 55002017-01-0144
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0163
Total of all active and inactive participants2017-01-01107
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01107
Number of participants with account balances2017-01-0186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01246
Total number of active participants reported on line 7a of the Form 55002016-01-01175
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0125
Total of all active and inactive participants2016-01-01200
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01200
Number of participants with account balances2016-01-01124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-09-01202
Total number of active participants reported on line 7a of the Form 55002015-09-01215
Number of retired or separated participants receiving benefits2015-09-010
Number of other retired or separated participants entitled to future benefits2015-09-0110
Total of all active and inactive participants2015-09-01225
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-09-010
Total participants2015-09-01225
Number of participants with account balances2015-09-0198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-09-010

Financial Data on GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN

Measure Date Value
2018 : GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets to this plan2018-12-31$0
Total transfer of assets from this plan2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$11,470
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$44,282
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$41,669
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$16,285
Value of total assets at end of year2018-12-31$76,195
Value of total assets at beginning of year2018-12-31$109,007
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$2,613
Total interest from all sources2018-12-31$212
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$7,747
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$7,747
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$11,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$16,285
Participant contributions at end of year2018-12-31$1,631
Participant contributions at beginning of year2018-12-31$8,642
Other income not declared elsewhere2018-12-31$196
Administrative expenses (other) incurred2018-12-31$2,613
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-32,812
Value of net assets at end of year (total assets less liabilities)2018-12-31$76,195
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$109,007
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$72,991
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$98,781
Interest on participant loans2018-12-31$212
Value of interest in common/collective trusts at end of year2018-12-31$1,573
Value of interest in common/collective trusts at beginning of year2018-12-31$1,584
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-12,995
Net investment gain or loss from common/collective trusts2018-12-31$25
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$41,669
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31SUMMIT CPA GROUP
Accountancy firm EIN2018-12-31113730017
2017 : GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets to this plan2017-12-31$0
Total transfer of assets from this plan2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$80,363
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$110,695
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$105,448
Value of total corrective distributions2017-12-31$77
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$58,120
Value of total assets at end of year2017-12-31$109,007
Value of total assets at beginning of year2017-12-31$139,339
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$5,170
Total interest from all sources2017-12-31$359
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$5,743
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$5,743
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$14,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$58,120
Participant contributions at end of year2017-12-31$8,642
Participant contributions at beginning of year2017-12-31$12,179
Other income not declared elsewhere2017-12-31$198
Administrative expenses (other) incurred2017-12-31$5,170
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$-30,332
Value of net assets at end of year (total assets less liabilities)2017-12-31$109,007
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$139,339
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$98,781
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$125,833
Interest on participant loans2017-12-31$359
Value of interest in common/collective trusts at end of year2017-12-31$1,584
Value of interest in common/collective trusts at beginning of year2017-12-31$1,327
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$15,925
Net investment gain or loss from common/collective trusts2017-12-31$18
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$105,448
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31SUMMIT CPA GROUP
Accountancy firm EIN2017-12-31113730017
2016 : GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$0
Total transfer of assets from this plan2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$117,289
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$49,311
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$43,365
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$106,610
Value of total assets at end of year2016-12-31$139,339
Value of total assets at beginning of year2016-12-31$71,361
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$5,946
Total interest from all sources2016-12-31$160
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$4,836
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$4,836
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$8,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$106,610
Participant contributions at end of year2016-12-31$12,179
Participant contributions at beginning of year2016-12-31$2,850
Other income not declared elsewhere2016-12-31$1
Administrative expenses (other) incurred2016-12-31$5,946
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$67,978
Value of net assets at end of year (total assets less liabilities)2016-12-31$139,339
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$71,361
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$125,833
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$68,303
Interest on participant loans2016-12-31$160
Value of interest in common/collective trusts at end of year2016-12-31$1,327
Value of interest in common/collective trusts at beginning of year2016-12-31$208
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$5,678
Net investment gain or loss from common/collective trusts2016-12-31$4
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$43,365
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31SUMMIT CPA GROUP
Accountancy firm EIN2016-12-31113730017
2015 : GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$0
Total transfer of assets from this plan2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$71,611
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$250
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$70,613
Value of total assets at end of year2015-12-31$71,361
Value of total assets at beginning of year2015-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$250
Total interest from all sources2015-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$1,928
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$1,928
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$40,604
Participant contributions at end of year2015-12-31$2,850
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$30,009
Administrative expenses (other) incurred2015-12-31$250
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$71,361
Value of net assets at end of year (total assets less liabilities)2015-12-31$71,361
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$68,303
Value of interest in common/collective trusts at end of year2015-12-31$208
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-931
Net investment gain or loss from common/collective trusts2015-12-31$1
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No

Form 5500 Responses for GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN

2018: GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedYes
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: GLOBAL CREDIT & COLLECTION CORPORATION 401(K) PLAN 2015 form 5500 responses
2015-09-01Type of plan entitySingle employer plan
2015-09-01First time form 5500 has been submittedYes
2015-09-01Submission has been amendedNo
2015-09-01This submission is the final filingNo
2015-09-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-09-01Plan is a collectively bargained planNo
2015-09-01Plan funding arrangement – TrustYes
2015-09-01Plan benefit arrangement - TrustYes

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