401k Plan data: PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN plan

PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 401k Plan overview

Plan Name	PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN
Plan identification number	002

PROSPECT MORTGAGE INCENTIVE SAVINGS 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.
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.

401k Sponsoring company profile

PROSPECT MORTGAGE, LLC has sponsored the creation of one or more 401k plans.

Company Name: PROSPECT MORTGAGE, LLC

Employer identification number (EIN): 205665099

NAIC Classification: 531390
NAIC Description: Other Activities Related to Real Estate

Additional information about PROSPECT MORTGAGE, LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 2948144

More information about PROSPECT MORTGAGE, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2013-01-01 LAUREL LEVINE LAUREL LEVINE 2014-10-14
002 2012-01-01 LAUREL LEVINE LAUREL LEVINE 2013-10-15
002 2011-01-01 DONALD BUNDY DONALD BUNDY 2012-10-12
002 2009-01-01 MARK R. SZCZEPANIAK MARK R. SZCZEPANIAK 2010-10-15

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
002	2013-01-01	LAUREL LEVINE	LAUREL LEVINE	2014-10-14
002	2012-01-01	LAUREL LEVINE	LAUREL LEVINE	2013-10-15
002	2011-01-01	DONALD BUNDY	DONALD BUNDY	2012-10-12
002	2009-01-01	MARK R. SZCZEPANIAK	MARK R. SZCZEPANIAK	2010-10-15

Plan Statistics for PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN

401k plan membership statisitcs for PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN

Measure Date Value
2013: PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 1,970
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 1,732
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 267
Total of all active and inactive participants 2013-01-01 1,999
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 1
Total participants 2013-01-01 2,000
Number of participants with account balances 2013-01-01 1,919
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 385
2012: PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 1,840
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 1,732
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 213
Total of all active and inactive participants 2012-01-01 1,945
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 1,945
Number of participants with account balances 2012-01-01 1,774
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 412
2011: PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 2,144
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 1,477
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 200
Total of all active and inactive participants 2011-01-01 1,677
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 1
Total participants 2011-01-01 1,678
Number of participants with account balances 2011-01-01 814
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 634
2009: PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 2,045
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 1,948
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 407
Total of all active and inactive participants 2009-01-01 2,355
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 2,355
Number of participants with account balances 2009-01-01 569
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 908

Measure	Date	Value
2013: PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	1,970
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	1,732
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	267
Total of all active and inactive participants	2013-01-01	1,999
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	1
Total participants	2013-01-01	2,000
Number of participants with account balances	2013-01-01	1,919
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	385
2012: PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	1,840
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	1,732
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	213
Total of all active and inactive participants	2012-01-01	1,945
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	1,945
Number of participants with account balances	2012-01-01	1,774
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	412
2011: PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	2,144
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	1,477
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	200
Total of all active and inactive participants	2011-01-01	1,677
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	1
Total participants	2011-01-01	1,678
Number of participants with account balances	2011-01-01	814
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	634
2009: PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	2,045
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	1,948
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	407
Total of all active and inactive participants	2009-01-01	2,355
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	2,355
Number of participants with account balances	2009-01-01	569
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	908

Financial Data on PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN

Measure	Date	Value
2013 : PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2013 401k financial data
Unrealized appreciation/depreciation of real estate assets	2013-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2013-12-31	$0
Total unrealized appreciation/depreciation of assets	2013-12-31	$0
Total transfer of assets to this plan	2013-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total income from all sources (including contributions)	2013-12-31	$13,986,580
Total loss/gain on sale of assets	2013-12-31	$0
Total of all expenses incurred	2013-12-31	$4,195,382
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$4,108,376
Expenses. Certain deemed distributions of participant loans	2013-12-31	$0
Value of total corrective distributions	2013-12-31	$36,759
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$8,537,966
Value of total assets at end of year	2013-12-31	$36,285,434
Value of total assets at beginning of year	2013-12-31	$26,494,236
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$50,247
Total income from rents	2013-12-31	$0
Total interest from all sources	2013-12-31	$94,096
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$445,520
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2013-12-31	$445,520
Administrative expenses professional fees incurred	2013-12-31	$0
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$10,000,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Amount of non-exempt transactions with any party-in-interest	2013-12-31	$0
Contributions received from participants	2013-12-31	$6,698,029
Participant contributions at end of year	2013-12-31	$1,234,833
Participant contributions at beginning of year	2013-12-31	$1,052,433
Participant contributions at end of year	2013-12-31	$263
Participant contributions at beginning of year	2013-12-31	$17,441
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$616,477
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2013-12-31	$9,653
Value of other receiveables (less allowance for doubtful accounts) at end of year	2013-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2013-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2013-12-31	$0
Other income not declared elsewhere	2013-12-31	$8,110
Administrative expenses (other) incurred	2013-12-31	$8
Liabilities. Value of operating payables at beginning of year	2013-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$9,791,198
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$36,285,434
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$26,494,236
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2013-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2013-12-31	$0
Investment advisory and management fees	2013-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-12-31	$32,146,389
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$22,910,502
Interest on participant loans	2013-12-31	$57,677
Income. Interest from loans (other than to participants)	2013-12-31	$0
Interest earned on other investments	2013-12-31	$36,419
Income. Interest from US Government securities	2013-12-31	$0
Income. Interest from corporate debt instruments	2013-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2013-12-31	$2,768,310
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2013-12-31	$2,391,306
Expenses. Payments to insurance carriers foe the provision of benefits	2013-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$4,900,888
Net investment gain/loss from pooled separate accounts	2013-12-31	$0
Net investment gain or loss from common/collective trusts	2013-12-31	$0
Net gain/loss from 103.12 investment entities	2013-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Contributions received in cash from employer	2013-12-31	$1,223,460
Employer contributions (assets) at end of year	2013-12-31	$135,639
Employer contributions (assets) at beginning of year	2013-12-31	$122,554
Income. Dividends from preferred stock	2013-12-31	$0
Income. Dividends from common stock	2013-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$4,098,723
Contract administrator fees	2013-12-31	$50,239
Liabilities. Value of benefit claims payable at beginning of year	2013-12-31	$0
Did the plan have assets held for investment	2013-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Aggregate proceeds on sale of assets	2013-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2013-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2013-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	WRIGHT FORD YOUNG & CO
Accountancy firm EIN	2013-12-31	953288054
2012 : PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2012 401k financial data
Unrealized appreciation/depreciation of real estate assets	2012-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2012-12-31	$0
Total unrealized appreciation/depreciation of assets	2012-12-31	$0
Total transfer of assets to this plan	2012-12-31	$0
Total transfer of assets from this plan	2012-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total income from all sources (including contributions)	2012-12-31	$9,758,814
Total loss/gain on sale of assets	2012-12-31	$0
Total of all expenses incurred	2012-12-31	$2,954,866
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$2,817,428
Expenses. Certain deemed distributions of participant loans	2012-12-31	$0
Value of total corrective distributions	2012-12-31	$124,744
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$7,160,519
Value of total assets at end of year	2012-12-31	$26,494,236
Value of total assets at beginning of year	2012-12-31	$19,690,288
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$12,694
Total income from rents	2012-12-31	$0
Total interest from all sources	2012-12-31	$86,631
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$400,374
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2012-12-31	$400,374
Administrative expenses professional fees incurred	2012-12-31	$0
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$9,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Amount of non-exempt transactions with any party-in-interest	2012-12-31	$0
Contributions received from participants	2012-12-31	$5,486,334
Participant contributions at end of year	2012-12-31	$1,052,433
Participant contributions at beginning of year	2012-12-31	$877,384
Participant contributions at end of year	2012-12-31	$17,441
Participant contributions at beginning of year	2012-12-31	$107,062
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$599,717
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2012-12-31	$7,159
Value of other receiveables (less allowance for doubtful accounts) at end of year	2012-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2012-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2012-12-31	$0
Other income not declared elsewhere	2012-12-31	$2,923
Administrative expenses (other) incurred	2012-12-31	$1
Liabilities. Value of operating payables at beginning of year	2012-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$6,803,948
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$26,494,236
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$19,690,288
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2012-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2012-12-31	$0
Investment advisory and management fees	2012-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$22,910,502
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$16,436,601
Interest on participant loans	2012-12-31	$43,456
Income. Interest from loans (other than to participants)	2012-12-31	$0
Interest earned on other investments	2012-12-31	$43,175
Income. Interest from US Government securities	2012-12-31	$0
Income. Interest from corporate debt instruments	2012-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2012-12-31	$2,391,306
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2012-12-31	$2,175,789
Expenses. Payments to insurance carriers foe the provision of benefits	2012-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$2,108,367
Net investment gain/loss from pooled separate accounts	2012-12-31	$0
Net investment gain or loss from common/collective trusts	2012-12-31	$0
Net gain/loss from 103.12 investment entities	2012-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$1,074,468
Employer contributions (assets) at end of year	2012-12-31	$122,554
Employer contributions (assets) at beginning of year	2012-12-31	$93,452
Income. Dividends from preferred stock	2012-12-31	$0
Income. Dividends from common stock	2012-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$2,810,269
Contract administrator fees	2012-12-31	$12,693
Liabilities. Value of benefit claims payable at beginning of year	2012-12-31	$0
Did the plan have assets held for investment	2012-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Aggregate proceeds on sale of assets	2012-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2012-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2012-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	WRIGHT FORD YOUNG & COMPANY
Accountancy firm EIN	2012-12-31	953288054
2011 : PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2011 401k financial data
Unrealized appreciation/depreciation of real estate assets	2011-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$0
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total transfer of assets to this plan	2011-12-31	$0
Total transfer of assets from this plan	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$4,198,949
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$3,565,876
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$3,253,024
Expenses. Certain deemed distributions of participant loans	2011-12-31	$0
Value of total corrective distributions	2011-12-31	$303,261
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$4,869,153
Value of total assets at end of year	2011-12-31	$19,690,288
Value of total assets at beginning of year	2011-12-31	$19,057,215
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$9,591
Total income from rents	2011-12-31	$0
Total interest from all sources	2011-12-31	$93,239
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$278,376
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$278,376
Administrative expenses professional fees incurred	2011-12-31	$0
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$7,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Amount of non-exempt transactions with any party-in-interest	2011-12-31	$0
Contributions received from participants	2011-12-31	$4,169,861
Participant contributions at end of year	2011-12-31	$877,384
Participant contributions at beginning of year	2011-12-31	$819,707
Participant contributions at end of year	2011-12-31	$107,062
Participant contributions at beginning of year	2011-12-31	$432
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$583,535
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2011-12-31	$3,403
Value of other receiveables (less allowance for doubtful accounts) at end of year	2011-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2011-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2011-12-31	$0
Other income not declared elsewhere	2011-12-31	$3,154
Administrative expenses (other) incurred	2011-12-31	$0
Liabilities. Value of operating payables at beginning of year	2011-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$633,073
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$19,690,288
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$19,057,215
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2011-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2011-12-31	$0
Investment advisory and management fees	2011-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$16,436,601
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$15,272,676
Interest on participant loans	2011-12-31	$41,281
Income. Interest from loans (other than to participants)	2011-12-31	$0
Interest earned on other investments	2011-12-31	$51,958
Income. Interest from US Government securities	2011-12-31	$0
Income. Interest from corporate debt instruments	2011-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2011-12-31	$2,175,789
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2011-12-31	$2,955,695
Expenses. Payments to insurance carriers foe the provision of benefits	2011-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-1,044,973
Net investment gain/loss from pooled separate accounts	2011-12-31	$0
Net investment gain or loss from common/collective trusts	2011-12-31	$0
Net gain/loss from 103.12 investment entities	2011-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$115,757
Employer contributions (assets) at end of year	2011-12-31	$93,452
Employer contributions (assets) at beginning of year	2011-12-31	$8,705
Income. Dividends from preferred stock	2011-12-31	$0
Income. Dividends from common stock	2011-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$3,249,621
Contract administrator fees	2011-12-31	$9,591
Liabilities. Value of benefit claims payable at beginning of year	2011-12-31	$0
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Aggregate proceeds on sale of assets	2011-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2011-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2011-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	WRIGHT, FORD & YOUNG
Accountancy firm EIN	2011-12-31	953288054
2010 : PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2010 401k financial data
Unrealized appreciation/depreciation of real estate assets	2010-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$0
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total transfer of assets to this plan	2010-12-31	$0
Total transfer of assets from this plan	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$5,920,033
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$4,055,714
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$3,935,444
Expenses. Certain deemed distributions of participant loans	2010-12-31	$0
Value of total corrective distributions	2010-12-31	$113,133
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$3,878,112
Value of total assets at end of year	2010-12-31	$19,057,215
Value of total assets at beginning of year	2010-12-31	$17,192,896
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$7,137
Total income from rents	2010-12-31	$0
Total interest from all sources	2010-12-31	$125,785
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$227,925
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$227,925
Administrative expenses professional fees incurred	2010-12-31	$0
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$7,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Amount of non-exempt transactions with any party-in-interest	2010-12-31	$0
Contributions received from participants	2010-12-31	$3,059,376
Participant contributions at end of year	2010-12-31	$819,707
Participant contributions at beginning of year	2010-12-31	$747,609
Participant contributions at end of year	2010-12-31	$432
Participant contributions at beginning of year	2010-12-31	$68,926
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$810,031
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2010-12-31	$235
Value of other receiveables (less allowance for doubtful accounts) at end of year	2010-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2010-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2010-12-31	$0
Other income not declared elsewhere	2010-12-31	$131
Administrative expenses (other) incurred	2010-12-31	$0
Liabilities. Value of operating payables at beginning of year	2010-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$1,864,319
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$19,057,215
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$17,192,896
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2010-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2010-12-31	$0
Investment advisory and management fees	2010-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$15,272,676
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$12,872,106
Interest on participant loans	2010-12-31	$43,948
Income. Interest from loans (other than to participants)	2010-12-31	$0
Interest earned on other investments	2010-12-31	$81,837
Income. Interest from US Government securities	2010-12-31	$0
Income. Interest from corporate debt instruments	2010-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2010-12-31	$2,955,695
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2010-12-31	$3,504,255
Expenses. Payments to insurance carriers foe the provision of benefits	2010-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$1,688,080
Net investment gain/loss from pooled separate accounts	2010-12-31	$0
Net investment gain or loss from common/collective trusts	2010-12-31	$0
Net gain/loss from 103.12 investment entities	2010-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$8,705
Employer contributions (assets) at end of year	2010-12-31	$8,705
Employer contributions (assets) at beginning of year	2010-12-31	$0
Income. Dividends from preferred stock	2010-12-31	$0
Income. Dividends from common stock	2010-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$3,935,209
Contract administrator fees	2010-12-31	$7,137
Liabilities. Value of benefit claims payable at beginning of year	2010-12-31	$0
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Aggregate proceeds on sale of assets	2010-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2010-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2010-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	WRIGHT FORD YOUNG & CO
Accountancy firm EIN	2010-12-31	953288054
2009 : PROSPECT MORTGAGE INCENTIVE SAVINGS 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
2008 : PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2008 401k financial data
Total transfer of assets to this plan	2008-12-31	$25,161,698
Total income from all sources (including contributions)	2008-12-31	$-3,503,674
Total of all expenses incurred	2008-12-31	$9,327,103
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2008-12-31	$9,304,582
Value of total corrective distributions	2008-12-31	$15,891
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2008-12-31	$2,322,233
Value of total assets at end of year	2008-12-31	$14,892,874
Value of total assets at beginning of year	2008-12-31	$2,561,953
Total of administrative expenses incurred including professional, contract, advisory and management fees	2008-12-31	$6,630
Total interest from all sources	2008-12-31	$168,379
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2008-12-31	No
Was this plan covered by a fidelity bond	2008-12-31	Yes
Value of fidelity bond cover	2008-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2008-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2008-12-31	No
Contributions received from participants	2008-12-31	$1,865,942
Participant contributions at end of year	2008-12-31	$610,335
Participant contributions at beginning of year	2008-12-31	$189,382
Income. Received or receivable in cash from other sources (including rollovers)	2008-12-31	$454,379
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2008-12-31	$3,364
Other income not declared elsewhere	2008-12-31	$5,322
Total non interest bearing cash at beginning of year	2008-12-31	$586
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2008-12-31	No
Value of net income/loss	2008-12-31	$-12,830,777
Value of net assets at end of year (total assets less liabilities)	2008-12-31	$14,892,874
Value of net assets at beginning of year (total assets less liabilities)	2008-12-31	$2,561,953
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2008-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2008-12-31	No
Were any leases to which the plan was party in default or uncollectible	2008-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2008-12-31	$10,827,860
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2008-12-31	$2,135,060
Interest on participant loans	2008-12-31	$39,661
Interest earned on other investments	2008-12-31	$128,718
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2008-12-31	$3,454,679
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2008-12-31	$188,485
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2008-12-31	$-5,999,608
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2008-12-31	No
Was there a failure to transmit to the plan any participant contributions	2008-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2008-12-31	No
Contributions received in cash from employer	2008-12-31	$1,912
Employer contributions (assets) at beginning of year	2008-12-31	$48,440
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2008-12-31	$9,301,218
Contract administrator fees	2008-12-31	$6,630
Did the plan have assets held for investment	2008-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2008-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2008-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2008-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2008-12-31	Disclaimer
Accountancy firm name	2008-12-31	RICHEY MAY & CO LLP
Accountancy firm EIN	2008-12-31	710911208

Form 5500 Responses for PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN

2013: PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
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 – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
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 is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
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 – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: PROSPECT MORTGAGE INCENTIVE SAVINGS PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
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 is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	2000
Insurance policy start date	2013-01-01
Insurance policy end date	2013-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	1945
Insurance policy start date	2012-01-01
Insurance policy end date	2012-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	1678
Insurance policy start date	2011-01-01
Insurance policy end date	2011-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	2256
Insurance policy start date	2010-01-01
Insurance policy end date	2010-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	PROSPECT MORTGAGE, LLC
Employer identification number (EIN):	205665099
NAIC Classification:	531390
NAIC Description:	Other Activities Related to Real Estate

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	2948144