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BAY AREA CREDIT SERVICE LLC 401(K) SAVINGS PLAN 401k Plan overview

Plan NameBAY AREA CREDIT SERVICE LLC 401(K) SAVINGS PLAN
Plan identification number 001

BAY AREA CREDIT SERVICE LLC 401(K) SAVINGS 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.
  • 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

BAY AREA CREDIT SERVICES, LLC has sponsored the creation of one or more 401k plans.

Company Name:BAY AREA CREDIT SERVICES, LLC
Employer identification number (EIN):770611900
NAIC Classification:518210
NAIC Description:Data Processing, Hosting, and Related Services

Additional information about BAY AREA CREDIT SERVICES, LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 3891502

More information about BAY AREA CREDIT SERVICES, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BAY AREA CREDIT SERVICE LLC 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-07-01KATHIE MORRISON2016-04-12
0012014-07-01KATHIE MORRISON2016-04-12
0012013-07-01KATHIE MORRISON2015-04-15
0012012-07-01KATHIE MORRISON2013-10-14
0012011-07-01KATHIE MORRISON2013-04-15
0012010-07-01VIK NEGI2012-02-27
0012008-07-01VIKRAM NEGI
0012007-07-01VIKRAM NEGI

Plan Statistics for BAY AREA CREDIT SERVICE LLC 401(K) SAVINGS PLAN

401k plan membership statisitcs for BAY AREA CREDIT SERVICE LLC 401(K) SAVINGS PLAN

Measure Date Value
2008: BAY AREA CREDIT SERVICE LLC 401(K) SAVINGS PLAN 2008 401k membership
Total participants, beginning-of-year2008-07-01169
Total number of active participants reported on line 7a of the Form 55002008-07-0153
Number of retired or separated participants receiving benefits2008-07-010
Number of other retired or separated participants entitled to future benefits2008-07-010
Total of all active and inactive participants2008-07-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-07-010
Total participants2008-07-0153
Number of participants with account balances2008-07-0127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-07-010
2007: BAY AREA CREDIT SERVICE LLC 401(K) SAVINGS PLAN 2007 401k membership
Total participants, beginning-of-year2007-07-01164
Total number of active participants reported on line 7a of the Form 55002007-07-01107
Number of retired or separated participants receiving benefits2007-07-010
Number of other retired or separated participants entitled to future benefits2007-07-0162
Total of all active and inactive participants2007-07-01169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2007-07-010
Total participants2007-07-01169
Number of participants with account balances2007-07-0190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-07-0114

Financial Data on BAY AREA CREDIT SERVICE LLC 401(K) SAVINGS PLAN

Measure Date Value
2009 : BAY AREA CREDIT SERVICE LLC 401(K) SAVINGS PLAN 2009 401k financial data
Total unrealized appreciation/depreciation of assets2009-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2009-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2009-06-30$0
Total income from all sources (including contributions)2009-06-30$-105,101
Total loss/gain on sale of assets2009-06-30$0
Total of all expenses incurred2009-06-30$148,629
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2009-06-30$146,033
Total contributions o plan (from employers,participants, others, non cash contrinutions)2009-06-30$0
Value of total assets at end of year2009-06-30$447,004
Value of total assets at beginning of year2009-06-30$700,734
Total of administrative expenses incurred including professional, contract, advisory and management fees2009-06-30$2,596
Total interest from all sources2009-06-30$3,298
Total dividends received (eg from common stock, registered investment company shares)2009-06-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2009-06-30No
Was this plan covered by a fidelity bond2009-06-30Yes
Value of fidelity bond cover2009-06-30$500,000
If this is an individual account plan, was there a blackout period2009-06-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-06-30$0
Were there any nonexempt tranactions with any party-in-interest2009-06-30No
Participant contributions at end of year2009-06-30$14,235
Participant contributions at beginning of year2009-06-30$24,822
Participant contributions at end of year2009-06-30$2,358
Participant contributions at beginning of year2009-06-30$2,358
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2009-06-30No
Value of net income/loss2009-06-30$-253,730
Value of net assets at end of year (total assets less liabilities)2009-06-30$447,004
Value of net assets at beginning of year (total assets less liabilities)2009-06-30$700,734
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2009-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2009-06-30No
Were any leases to which the plan was party in default or uncollectible2009-06-30No
Value of interest in pooled separate accounts at end of year2009-06-30$335,183
Value of interest in pooled separate accounts at beginning of year2009-06-30$634,845
Interest on participant loans2009-06-30$1,369
Interest earned on other investments2009-06-30$1,929
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2009-06-30$95,228
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2009-06-30$38,709
Net investment gain/loss from pooled separate accounts2009-06-30$-108,399
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2009-06-30No
Was there a failure to transmit to the plan any participant contributions2009-06-30Yes
Has the plan failed to provide any benefit when due under the plan2009-06-30No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2009-06-30$146,033
Contract administrator fees2009-06-30$2,596
Did the plan have assets held for investment2009-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2009-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2009-06-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2009-06-30Yes
Opinion of an independent qualified public accountant for this plan2009-06-30Disclaimer
Accountancy firm name2009-06-30MRPR GROUP
Accountancy firm EIN2009-06-30382141969
2008 : BAY AREA CREDIT SERVICE LLC 401(K) SAVINGS PLAN 2008 401k financial data
Total unrealized appreciation/depreciation of assets2008-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2008-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2008-06-30$0
Total income from all sources (including contributions)2008-06-30$-14,090
Total loss/gain on sale of assets2008-06-30$0
Total of all expenses incurred2008-06-30$173,479
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2008-06-30$169,075
Total contributions o plan (from employers,participants, others, non cash contrinutions)2008-06-30$52,095
Value of total assets at end of year2008-06-30$700,734
Value of total assets at beginning of year2008-06-30$888,303
Total of administrative expenses incurred including professional, contract, advisory and management fees2008-06-30$4,404
Total interest from all sources2008-06-30$4,030
Total dividends received (eg from common stock, registered investment company shares)2008-06-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2008-06-30No
Was this plan covered by a fidelity bond2008-06-30Yes
Value of fidelity bond cover2008-06-30$500,000
If this is an individual account plan, was there a blackout period2008-06-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2008-06-30$0
Were there any nonexempt tranactions with any party-in-interest2008-06-30No
Contributions received from participants2008-06-30$52,095
Participant contributions at end of year2008-06-30$24,822
Participant contributions at beginning of year2008-06-30$34,865
Participant contributions at end of year2008-06-30$2,358
Participant contributions at beginning of year2008-06-30$4,840
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2008-06-30No
Value of net income/loss2008-06-30$-187,569
Value of net assets at end of year (total assets less liabilities)2008-06-30$700,734
Value of net assets at beginning of year (total assets less liabilities)2008-06-30$888,303
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2008-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2008-06-30No
Were any leases to which the plan was party in default or uncollectible2008-06-30No
Value of interest in pooled separate accounts at end of year2008-06-30$634,845
Value of interest in pooled separate accounts at beginning of year2008-06-30$790,399
Interest on participant loans2008-06-30$2,467
Interest earned on other investments2008-06-30$1,563
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2008-06-30$38,709
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2008-06-30$58,199
Net investment gain/loss from pooled separate accounts2008-06-30$-70,215
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2008-06-30No
Was there a failure to transmit to the plan any participant contributions2008-06-30Yes
Has the plan failed to provide any benefit when due under the plan2008-06-30No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2008-06-30$169,075
Contract administrator fees2008-06-30$4,404
Did the plan have assets held for investment2008-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2008-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2008-06-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2008-06-30Yes
Opinion of an independent qualified public accountant for this plan2008-06-30Disclaimer
Accountancy firm name2008-06-30MRPR GROUP
Accountancy firm EIN2008-06-30382141969
2007 : BAY AREA CREDIT SERVICE LLC 401(K) SAVINGS PLAN 2007 401k financial data
Total unrealized appreciation/depreciation of assets2007-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2007-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2007-06-30$0
Total income from all sources (including contributions)2007-06-30$252,223
Total loss/gain on sale of assets2007-06-30$0
Total of all expenses incurred2007-06-30$82,529
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2007-06-30$70,061
Total contributions o plan (from employers,participants, others, non cash contrinutions)2007-06-30$138,448
Value of total assets at end of year2007-06-30$888,303
Value of total assets at beginning of year2007-06-30$718,609
Total of administrative expenses incurred including professional, contract, advisory and management fees2007-06-30$12,468
Total interest from all sources2007-06-30$3,468
Total dividends received (eg from common stock, registered investment company shares)2007-06-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2007-06-30No
Was this plan covered by a fidelity bond2007-06-30Yes
Value of fidelity bond cover2007-06-30$500,000
If this is an individual account plan, was there a blackout period2007-06-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2007-06-30$0
Were there any nonexempt tranactions with any party-in-interest2007-06-30No
Contributions received from participants2007-06-30$138,448
Participant contributions at end of year2007-06-30$34,865
Participant contributions at beginning of year2007-06-30$7,724
Participant contributions at end of year2007-06-30$4,840
Participant contributions at beginning of year2007-06-30$28,296
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2007-06-30No
Value of net income/loss2007-06-30$169,694
Value of net assets at end of year (total assets less liabilities)2007-06-30$888,303
Value of net assets at beginning of year (total assets less liabilities)2007-06-30$718,609
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2007-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2007-06-30No
Were any leases to which the plan was party in default or uncollectible2007-06-30No
Value of interest in pooled separate accounts at end of year2007-06-30$790,399
Value of interest in pooled separate accounts at beginning of year2007-06-30$682,589
Interest on participant loans2007-06-30$1,994
Interest earned on other investments2007-06-30$1,474
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2007-06-30$58,199
Net investment gain/loss from pooled separate accounts2007-06-30$110,307
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2007-06-30No
Was there a failure to transmit to the plan any participant contributions2007-06-30Yes
Has the plan failed to provide any benefit when due under the plan2007-06-30No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2007-06-30$70,061
Contract administrator fees2007-06-30$12,468
Did the plan have assets held for investment2007-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2007-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2007-06-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2007-06-30Yes
Opinion of an independent qualified public accountant for this plan2007-06-30Disclaimer
Accountancy firm name2007-06-30MRPR GROUP
Accountancy firm EIN2007-06-30382141969

Form 5500 Responses for BAY AREA CREDIT SERVICE LLC 401(K) SAVINGS PLAN

2008: BAY AREA CREDIT SERVICE LLC 401(K) SAVINGS PLAN 2008 form 5500 responses
2008-07-01Type of plan entitySingle employer plan
2008-07-01Submission has been amendedNo
2008-07-01This submission is the final filingNo
2008-07-01This return/report is a short plan year return/report (less than 12 months)No
2008-07-01Plan is a collectively bargained planNo
2008-07-01Plan funding arrangement – InsuranceYes
2008-07-01Plan funding arrangement – TrustYes
2008-07-01Plan benefit arrangement – InsuranceYes
2008-07-01Plan benefit arrangement - TrustYes
2007: BAY AREA CREDIT SERVICE LLC 401(K) SAVINGS PLAN 2007 form 5500 responses
2007-07-01Type of plan entitySingle employer plan
2007-07-01Submission has been amendedNo
2007-07-01This submission is the final filingNo
2007-07-01This return/report is a short plan year return/report (less than 12 months)No
2007-07-01Plan is a collectively bargained planNo
2007-07-01Plan funding arrangement – InsuranceYes
2007-07-01Plan funding arrangement – TrustYes
2007-07-01Plan benefit arrangement – InsuranceYes
2007-07-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number93933001
Policy instance 1
Insurance contract or identification number93933001
Number of Individuals Covered36
Insurance policy start date2008-07-01
Insurance policy end date2009-06-30
Total amount of commissions paid to insurance brokerUSD $1,483
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number93933001
Policy instance 1
Insurance contract or identification number93933001
Number of Individuals Covered89
Insurance policy start date2007-07-01
Insurance policy end date2008-06-30
Total amount of commissions paid to insurance brokerUSD $2,859
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number93933001
Policy instance 1
Insurance contract or identification number93933001
Number of Individuals Covered106
Insurance policy start date2006-07-01
Insurance policy end date2007-06-30
Total amount of commissions paid to insurance brokerUSD $1,758
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No

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