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RETIREMENT PLAN FOR EMPLOYEES OF CREDIT MANAGERS ASSOCIATION OF CALIFORNIA 401k Plan overview

Plan NameRETIREMENT PLAN FOR EMPLOYEES OF CREDIT MANAGERS ASSOCIATION OF CALIFORNIA
Plan identification number 001

RETIREMENT PLAN FOR EMPLOYEES OF CREDIT MANAGERS ASSOCIATION OF CALIFORNIA Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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

CREDIT MANAGERS ASSOCIATION OF CALIFORNIA has sponsored the creation of one or more 401k plans.

Company Name:CREDIT MANAGERS ASSOCIATION OF CALIFORNIA
Employer identification number (EIN):952146019
NAIC Classification:522300
NAIC Description: Activities Related to Credit Intermediation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF CREDIT MANAGERS ASSOCIATION OF CALIFORNIA

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-05-01
0012017-05-01
0012016-05-01
0012016-04-30MICHAEL G. MITCHELL, PRESIDENT, CEO2017-02-06
0012015-04-30MICHAEL G. MITCHELL, PRESIDENT, CEO2017-02-06
0012014-04-30MICHAEL G. MITCHELL, PRESIDENT, CEO2016-01-29
0012013-04-30MICHAEL G. MITCHELL, PRESIDENT, CEO2015-02-06
0012012-04-30MICHAEL G. MITCHELL, PRESIDENT, CEO2014-02-13
0012011-04-30DAVID T. MACOMBER, VP, CFO2013-02-12
0012010-04-30DAVID T. MACOMBER, VP, CFO2012-02-10

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF CREDIT MANAGERS ASSOCIATION OF CALIFORNIA

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF CREDIT MANAGERS ASSOCIATION OF CALIFORNIA

Measure Date Value
2019: RETIREMENT PLAN FOR EMPLOYEES OF CREDIT MANAGERS ASSOCIATION OF CALIFORNIA 2019 401k membership
Market value of plan assets2019-04-305,204,560
Acturial value of plan assets2019-04-305,204,560
Funding target for retired participants and beneficiaries receiving payment2019-04-303,996,600
Number of terminated vested participants2019-04-3022
Fundng target for terminated vested participants2019-04-301,295,601
Active participant vested funding target2019-04-301,193,815
Number of active participants2019-04-309
Total funding liabilities for active participants2019-04-301,193,815
Total participant count2019-04-3054
Total funding target for all participants2019-04-306,486,016
Balance at beginning of prior year after applicable adjustments2019-04-300
Prefunding balance at beginning of prior year after applicable adjustments2019-04-3013
Amount remaining of carryover balance2019-04-300
Amount remaining of prefunding balance2019-04-3013
Present value of excess contributions2019-04-3086
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-04-3091
Balance of carryovers at beginning of current year2019-04-300
Balance of prefunding at beginning of current year2019-04-3014
Total employer contributions2019-04-3084,099
Total employee contributions2019-04-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-04-300
Contributions made to avoid restrictions adjusted to valuation date2019-04-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-04-3082,836
Unpaid minimum required contributions for all prior years2019-04-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-04-300
Remaining amount of unpaid minimum required contributions2019-04-300
Minimum required contributions for current year target normal cost2019-04-3074,168
Net shortfall amortization installment of oustanding balance2019-04-301,281,470
Waiver amortization installment2019-04-300
Total funding amount beforereflecting carryover/prefunding balances2019-04-30315,103
Additional cash requirement2019-04-30315,103
Contributions allocatedtoward minimum required contributions for current year2019-04-3082,836
Unpaid minimum required contributions for current year2019-04-30232,267
Unpaid minimum required contributions for all years2019-04-30232,267
2018: RETIREMENT PLAN FOR EMPLOYEES OF CREDIT MANAGERS ASSOCIATION OF CALIFORNIA 2018 401k membership
Market value of plan assets2018-04-305,340,090
Acturial value of plan assets2018-04-305,340,090
Funding target for retired participants and beneficiaries receiving payment2018-04-303,405,714
Number of terminated vested participants2018-04-3022
Fundng target for terminated vested participants2018-04-301,244,793
Active participant vested funding target2018-04-301,739,683
Number of active participants2018-04-3015
Total funding liabilities for active participants2018-04-301,739,683
Total participant count2018-04-3056
Total funding target for all participants2018-04-306,390,190
Balance at beginning of prior year after applicable adjustments2018-04-300
Prefunding balance at beginning of prior year after applicable adjustments2018-04-3012
Carryover balanced portion elected for use to offset prior years funding requirement2018-04-300
Prefunding balanced used to offset prior years funding requirement2018-04-300
Amount remaining of carryover balance2018-04-300
Amount remaining of prefunding balance2018-04-3012
Present value of excess contributions2018-04-30100
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-04-30106
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-04-300
Reductions in caryover balances due to elections or deemed elections2018-04-300
Reductions in prefunding balances due to elections or deemed elections2018-04-300
Balance of carryovers at beginning of current year2018-04-300
Balance of prefunding at beginning of current year2018-04-3013
Total employer contributions2018-04-30348,496
Total employee contributions2018-04-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-04-300
Contributions made to avoid restrictions adjusted to valuation date2018-04-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-04-30336,482
Unpaid minimum required contributions for all prior years2018-04-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-04-300
Remaining amount of unpaid minimum required contributions2018-04-300
Minimum required contributions for current year target normal cost2018-04-3055,196
Net shortfall amortization installment of oustanding balance2018-04-301,050,113
Waiver amortization installment2018-04-300
Total funding amount beforereflecting carryover/prefunding balances2018-04-30336,396
Additional cash requirement2018-04-30336,396
Contributions allocatedtoward minimum required contributions for current year2018-04-30336,482
Unpaid minimum required contributions for current year2018-04-300
Unpaid minimum required contributions for all years2018-04-300
2017: RETIREMENT PLAN FOR EMPLOYEES OF CREDIT MANAGERS ASSOCIATION OF CALIFORNIA 2017 401k membership
Market value of plan assets2017-04-304,859,320
Acturial value of plan assets2017-04-304,859,320
Funding target for retired participants and beneficiaries receiving payment2017-04-303,621,187
Number of terminated vested participants2017-04-3022
Fundng target for terminated vested participants2017-04-301,144,329
Active participant vested funding target2017-04-301,594,276
Number of active participants2017-04-3015
Total funding liabilities for active participants2017-04-301,594,276
Total participant count2017-04-3057
Total funding target for all participants2017-04-306,359,792
Balance at beginning of prior year after applicable adjustments2017-04-300
Prefunding balance at beginning of prior year after applicable adjustments2017-04-3012
Carryover balanced portion elected for use to offset prior years funding requirement2017-04-300
Prefunding balanced used to offset prior years funding requirement2017-04-300
Amount remaining of carryover balance2017-04-300
Amount remaining of prefunding balance2017-04-3012
Present value of excess contributions2017-04-302
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-04-302
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-04-300
Reductions in caryover balances due to elections or deemed elections2017-04-300
Reductions in prefunding balances due to elections or deemed elections2017-04-300
Balance of carryovers at beginning of current year2017-04-300
Balance of prefunding at beginning of current year2017-04-3012
Total employer contributions2017-04-30428,090
Total employee contributions2017-04-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-04-300
Contributions made to avoid restrictions adjusted to valuation date2017-04-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-04-30404,139
Unpaid minimum required contributions for all prior years2017-04-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-04-300
Remaining amount of unpaid minimum required contributions2017-04-300
Minimum required contributions for current year target normal cost2017-04-3091,841
Net shortfall amortization installment of oustanding balance2017-04-301,500,484
Waiver amortization installment2017-04-300
Total funding amount beforereflecting carryover/prefunding balances2017-04-30404,039
Carryover balance elected to use to offset funding requirement2017-04-300
Prefunding balance elected to use to offset funding requirement2017-04-300
Additional cash requirement2017-04-30404,039
Contributions allocatedtoward minimum required contributions for current year2017-04-30404,139
Unpaid minimum required contributions for current year2017-04-300
Unpaid minimum required contributions for all years2017-04-300
2016: RETIREMENT PLAN FOR EMPLOYEES OF CREDIT MANAGERS ASSOCIATION OF CALIFORNIA 2016 401k membership
Market value of plan assets2016-04-305,454,981
Acturial value of plan assets2016-04-305,454,981
Funding target for retired participants and beneficiaries receiving payment2016-04-303,505,036
Number of terminated vested participants2016-04-3022
Fundng target for terminated vested participants2016-04-301,147,179
Active participant vested funding target2016-04-301,594,278
Number of active participants2016-04-3015
Total funding liabilities for active participants2016-04-301,594,278
Total participant count2016-04-3057
Total funding target for all participants2016-04-306,246,493
Balance at beginning of prior year after applicable adjustments2016-04-300
Prefunding balance at beginning of prior year after applicable adjustments2016-04-3012
Carryover balanced portion elected for use to offset prior years funding requirement2016-04-300
Prefunding balanced used to offset prior years funding requirement2016-04-300
Amount remaining of carryover balance2016-04-300
Amount remaining of prefunding balance2016-04-3012
Present value of excess contributions2016-04-301,073
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-04-301,140
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-04-300
Reductions in caryover balances due to elections or deemed elections2016-04-300
Reductions in prefunding balances due to elections or deemed elections2016-04-300
Balance of carryovers at beginning of current year2016-04-300
Balance of prefunding at beginning of current year2016-04-3012
Total employer contributions2016-04-30817
Total employee contributions2016-04-300
Contributions allocated toward unpaid minimum require contributions from prior years2016-04-300
Contributions made to avoid restrictions adjusted to valuation date2016-04-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-04-30807
Unpaid minimum required contributions for all prior years2016-04-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-04-300
Remaining amount of unpaid minimum required contributions2016-04-300
Minimum required contributions for current year target normal cost2016-04-300
Net shortfall amortization installment of oustanding balance2016-04-301,388,022
Waiver amortization installment2016-04-300
Total funding amount beforereflecting carryover/prefunding balances2016-04-30805
Carryover balance elected to use to offset funding requirement2016-04-300
Prefunding balance elected to use to offset funding requirement2016-04-300
Additional cash requirement2016-04-30805
Contributions allocatedtoward minimum required contributions for current year2016-04-30807
Unpaid minimum required contributions for current year2016-04-300
Unpaid minimum required contributions for all years2016-04-300

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