401k Plan data: PMC COMMERCIAL TRUST 401(K) PLAN plan

PMC COMMERCIAL TRUST 401(K) PLAN 401k Plan overview

Plan Name	PMC COMMERCIAL TRUST 401(K) PLAN
Plan identification number	002

PMC COMMERCIAL TRUST 401(K) PLAN Benefits

401k Plan Type

Defined 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

PMC COMMERCIAL TRUST has sponsored the creation of one or more 401k plans.

Company Name: PMC COMMERCIAL TRUST

Employer identification number (EIN): 756446078

NAIC Classification: 525990
NAIC Description: Other Financial Vehicles

Additional information about PMC COMMERCIAL TRUST

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division

Incorporation Date: 1994-08-11

Company Identification Number: RT86

Legal Registered Office Address: 10 W BROAD ST 7TH FL
-
COLUMBUS
United States of America (USA)
43215

More information about PMC COMMERCIAL TRUST

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PMC COMMERCIAL TRUST 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2014-01-01 JAN SALIT
002 2013-01-01 CINDY TUCKER
002 2012-01-01 JAN SALIT JAN SALIT 2013-06-03
002 2011-01-01 LANCE ROSEMORE
002 2009-01-01 LANCE ROSEMORE

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
002	2014-01-01	JAN SALIT
002	2013-01-01	CINDY TUCKER
002	2012-01-01	JAN SALIT	JAN SALIT	2013-06-03
002	2011-01-01	LANCE ROSEMORE
002	2009-01-01	LANCE ROSEMORE

Plan Statistics for PMC COMMERCIAL TRUST 401(K) PLAN

401k plan membership statisitcs for PMC COMMERCIAL TRUST 401(K) PLAN

Measure Date Value
2014: PMC COMMERCIAL TRUST 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 38
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 30
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 8
Total of all active and inactive participants 2014-01-01 38
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 38
Number of participants with account balances 2014-01-01 37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 1
2013: PMC COMMERCIAL TRUST 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 39
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 31
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 7
Total of all active and inactive participants 2013-01-01 38
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 38
Number of participants with account balances 2013-01-01 38
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 1
2012: PMC COMMERCIAL TRUST 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 41
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 31
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 8
Total of all active and inactive participants 2012-01-01 39
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 39
Number of participants with account balances 2012-01-01 39
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: PMC COMMERCIAL TRUST 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 39
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 32
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 9
Total of all active and inactive participants 2011-01-01 41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 41
Number of participants with account balances 2011-01-01 38
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: PMC COMMERCIAL TRUST 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 54
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 30
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 12
Total of all active and inactive participants 2009-01-01 42
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 42
Number of participants with account balances 2009-01-01 41
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2014: PMC COMMERCIAL TRUST 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	38
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	30
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	8
Total of all active and inactive participants	2014-01-01	38
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	38
Number of participants with account balances	2014-01-01	37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	1
2013: PMC COMMERCIAL TRUST 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	39
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	31
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	7
Total of all active and inactive participants	2013-01-01	38
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	38
Number of participants with account balances	2013-01-01	38
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	1
2012: PMC COMMERCIAL TRUST 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	41
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	31
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	8
Total of all active and inactive participants	2012-01-01	39
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	39
Number of participants with account balances	2012-01-01	39
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: PMC COMMERCIAL TRUST 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	39
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	32
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	9
Total of all active and inactive participants	2011-01-01	41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	41
Number of participants with account balances	2011-01-01	38
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: PMC COMMERCIAL TRUST 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	54
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	30
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	12
Total of all active and inactive participants	2009-01-01	42
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	42
Number of participants with account balances	2009-01-01	41
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on PMC COMMERCIAL TRUST 401(K) PLAN

Measure	Date	Value
2014 : PMC COMMERCIAL TRUST 401(K) PLAN 2014 401k financial data
Transfers to/from the plan	2014-12-31	$0
Total plan liabilities at end of year	2014-12-31	$0
Total plan liabilities at beginning of year	2014-12-31	$0
Total income from all sources	2014-12-31	$792,351
Expenses. Total of all expenses incurred	2014-12-31	$68,221
Benefits paid (including direct rollovers)	2014-12-31	$67,608
Total plan assets at end of year	2014-12-31	$6,522,315
Total plan assets at beginning of year	2014-12-31	$5,798,185
Value of fidelity bond covering the plan	2014-12-31	$1,000,000
Total contributions received or receivable from participants	2014-12-31	$183,774
Expenses. Other expenses not covered elsewhere	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$0
Other income received	2014-12-31	$373,333
Noncash contributions received	2014-12-31	$0
Net income (gross income less expenses)	2014-12-31	$724,130
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$6,522,315
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$5,798,185
Assets. Value of participant loans	2014-12-31	$65,371
Total contributions received or receivable from employer(s)	2014-12-31	$235,244
Value of certain deemed distributions of participant loans	2014-12-31	$0
Value of corrective distributions	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$613
2013 : PMC COMMERCIAL TRUST 401(K) PLAN 2013 401k financial data
Transfers to/from the plan	2013-12-31	$0
Total plan liabilities at end of year	2013-12-31	$0
Total income from all sources	2013-12-31	$1,379,321
Expenses. Total of all expenses incurred	2013-12-31	$84,345
Benefits paid (including direct rollovers)	2013-12-31	$83,677
Total plan assets at end of year	2013-12-31	$5,798,185
Total plan assets at beginning of year	2013-12-31	$4,503,209
Value of fidelity bond covering the plan	2013-12-31	$1,000,000
Total contributions received or receivable from participants	2013-12-31	$166,777
Expenses. Other expenses not covered elsewhere	2013-12-31	$0
Contributions received from other sources (not participants or employers)	2013-12-31	$0
Other income received	2013-12-31	$965,350
Noncash contributions received	2013-12-31	$0
Net income (gross income less expenses)	2013-12-31	$1,294,976
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$5,798,185
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$4,503,209
Assets. Value of participant loans	2013-12-31	$85,720
Total contributions received or receivable from employer(s)	2013-12-31	$247,194
Value of certain deemed distributions of participant loans	2013-12-31	$0
Value of corrective distributions	2013-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$668
2012 : PMC COMMERCIAL TRUST 401(K) PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$997,340
Expenses. Total of all expenses incurred	2012-12-31	$1,307,553
Benefits paid (including direct rollovers)	2012-12-31	$1,306,908
Total plan assets at end of year	2012-12-31	$4,503,209
Total plan assets at beginning of year	2012-12-31	$4,813,422
Value of fidelity bond covering the plan	2012-12-31	$1,000,000
Total contributions received or receivable from participants	2012-12-31	$170,047
Other income received	2012-12-31	$593,518
Net income (gross income less expenses)	2012-12-31	$-310,213
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$4,503,209
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$4,813,422
Assets. Value of participant loans	2012-12-31	$102,080
Total contributions received or receivable from employer(s)	2012-12-31	$233,775
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$645
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : PMC COMMERCIAL TRUST 401(K) PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$280,966
Expenses. Total of all expenses incurred	2011-12-31	$143,806
Benefits paid (including direct rollovers)	2011-12-31	$143,038
Total plan assets at end of year	2011-12-31	$4,813,422
Total plan assets at beginning of year	2011-12-31	$4,676,262
Value of fidelity bond covering the plan	2011-12-31	$1,000,000
Total contributions received or receivable from participants	2011-12-31	$168,782
Other income received	2011-12-31	$-103,517
Net income (gross income less expenses)	2011-12-31	$137,160
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$4,813,422
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$4,676,262
Assets. Value of participant loans	2011-12-31	$97,496
Total contributions received or receivable from employer(s)	2011-12-31	$215,701
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$768
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : PMC COMMERCIAL TRUST 401(K) PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$808,476
Expenses. Total of all expenses incurred	2010-12-31	$154,304
Benefits paid (including direct rollovers)	2010-12-31	$153,737
Total plan assets at end of year	2010-12-31	$4,676,262
Total plan assets at beginning of year	2010-12-31	$4,022,090
Value of fidelity bond covering the plan	2010-12-31	$1,000,000
Total contributions received or receivable from participants	2010-12-31	$161,491
Other income received	2010-12-31	$448,162
Net income (gross income less expenses)	2010-12-31	$654,172
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$4,676,262
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$4,022,090
Assets. Value of participant loans	2010-12-31	$112,805
Total contributions received or receivable from employer(s)	2010-12-31	$198,823
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$567
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : PMC COMMERCIAL TRUST 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for PMC COMMERCIAL TRUST 401(K) PLAN

2014: PMC COMMERCIAL TRUST 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: PMC COMMERCIAL TRUST 401(K) 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: PMC COMMERCIAL TRUST 401(K) 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 funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: PMC COMMERCIAL TRUST 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: PMC COMMERCIAL TRUST 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
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 funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

PMC COMMERCIAL INTERIORS, INC. WELFARE BENEFITS PLAN [EIN = 453336175]

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Company Name:	PMC COMMERCIAL TRUST
Employer identification number (EIN):	756446078
NAIC Classification:	525990
NAIC Description:	Other Financial Vehicles

Jurisdiction of Incorporation:	Ohio Secretary of State Business Services Division
Incorporation Date:	1994-08-11
Company Identification Number:	RT86
Legal Registered Office Address:	10 W BROAD ST 7TH FL - COLUMBUS United States of America (USA) 43215