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NATIONAL CREDIT SERVICES DEFINED BENEFIT PLAN 401k Plan overview

Plan NameNATIONAL CREDIT SERVICES DEFINED BENEFIT PLAN
Plan identification number 002

NATIONAL CREDIT SERVICES DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • 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

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

Company Name:NATIONAL CREDIT SERVICES, INC.
Employer identification number (EIN):912076371
NAIC Classification:522298
NAIC Description:All Other Nondepository Credit Intermediation

Additional information about NATIONAL CREDIT SERVICES, INC.

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division
Incorporation Date: 2000-12-08
Company Identification Number: 602083004
Legal Registered Office Address: 2525 220TH ST SE STE 200

BOTHELL
United States of America (USA)
980214440

More information about NATIONAL CREDIT SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NATIONAL CREDIT SERVICES DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01
0022013-01-01

Plan Statistics for NATIONAL CREDIT SERVICES DEFINED BENEFIT PLAN

401k plan membership statisitcs for NATIONAL CREDIT SERVICES DEFINED BENEFIT PLAN

Measure Date Value
2019: NATIONAL CREDIT SERVICES DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-09-241,541,466
Acturial value of plan assets2019-09-241,541,466
Funding target for retired participants and beneficiaries receiving payment2019-09-240
Number of terminated vested participants2019-09-242
Fundng target for terminated vested participants2019-09-24213
Active participant vested funding target2019-09-241,320,182
Number of active participants2019-09-241
Total funding liabilities for active participants2019-09-241,320,182
Total participant count2019-09-243
Total funding target for all participants2019-09-241,320,395
Balance at beginning of prior year after applicable adjustments2019-09-240
Prefunding balance at beginning of prior year after applicable adjustments2019-09-24370,994
Carryover balanced portion elected for use to offset prior years funding requirement2019-09-240
Prefunding balanced used to offset prior years funding requirement2019-09-24106,138
Amount remaining of carryover balance2019-09-240
Amount remaining of prefunding balance2019-09-24264,856
Present value of excess contributions2019-09-240
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-09-240
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-09-240
Reductions in caryover balances due to elections or deemed elections2019-09-240
Reductions in prefunding balances due to elections or deemed elections2019-09-24253,467
Balance of carryovers at beginning of current year2019-09-240
Balance of prefunding at beginning of current year2019-09-240
Contributions allocated toward unpaid minimum require contributions from prior years2019-09-240
Contributions made to avoid restrictions adjusted to valuation date2019-09-240
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-09-240
Liquidity shortfalls end of Q12019-09-240
Liquidity shortfalls end of Q22019-09-240
Liquidity shortfalls end of Q32019-09-240
Liquidity shortfalls end of Q42019-09-240
Unpaid minimum required contributions for all prior years2019-09-2418
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-09-240
Remaining amount of unpaid minimum required contributions2019-09-2418
Minimum required contributions for current year target normal cost2019-09-24108,648
Net shortfall amortization installment of oustanding balance2019-09-240
Waiver amortization installment2019-09-240
Total funding amount beforereflecting carryover/prefunding balances2019-09-240
Carryover balance elected to use to offset funding requirement2019-09-240
Prefunding balance elected to use to offset funding requirement2019-09-240
Additional cash requirement2019-09-240
Contributions allocatedtoward minimum required contributions for current year2019-09-240
Unpaid minimum required contributions for current year2019-09-240
Unpaid minimum required contributions for all years2019-09-2418
2018: NATIONAL CREDIT SERVICES DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets2018-12-311,476,041
Acturial value of plan assets2018-12-311,476,041
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-3121
Fundng target for terminated vested participants2018-12-31196
Active participant vested funding target2018-12-311,236,946
Number of active participants2018-12-3145
Total funding liabilities for active participants2018-12-311,236,946
Total participant count2018-12-3166
Total funding target for all participants2018-12-311,237,142
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31611,017
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-31261,682
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31349,335
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31370,994
Total employer contributions2018-12-3118,483
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-3117,968
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31100,670
Net shortfall amortization installment of oustanding balance2018-12-31152,536
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31129,954
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-31111,986
Additional cash requirement2018-12-3117,968
Contributions allocatedtoward minimum required contributions for current year2018-12-3117,968
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: NATIONAL CREDIT SERVICES DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-311,542,329
Acturial value of plan assets2017-12-311,542,329
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-319
Fundng target for terminated vested participants2017-12-31172
Active participant vested funding target2017-12-31948,159
Number of active participants2017-12-3135
Total funding liabilities for active participants2017-12-31948,159
Total participant count2017-12-3144
Total funding target for all participants2017-12-31948,331
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31397,705
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-31397,705
Present value of excess contributions2017-12-31202,136
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31202,136
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31202,136
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31611,017
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-310
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31265,258
Net shortfall amortization installment of oustanding balance2017-12-3151,786
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31276,572
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-31276,572
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: NATIONAL CREDIT SERVICES DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-311,020,119
Acturial value of plan assets2016-12-311,020,119
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-312
Fundng target for terminated vested participants2016-12-31144
Active participant vested funding target2016-12-31658,360
Number of active participants2016-12-3131
Total funding liabilities for active participants2016-12-31658,360
Total participant count2016-12-3133
Total funding target for all participants2016-12-31658,504
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31204,555
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-31204,555
Present value of excess contributions2016-12-31201,128
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31201,128
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31201,128
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31397,705
Total employer contributions2016-12-31450,624
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31432,831
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31219,467
Net shortfall amortization installment of oustanding balance2016-12-3159,594
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31230,695
Additional cash requirement2016-12-31230,695
Contributions allocatedtoward minimum required contributions for current year2016-12-31432,831
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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