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VARILEASE FINANCE, INC. 401(K) PLAN 401k Plan overview

Plan NameVARILEASE FINANCE, INC. 401(K) PLAN
Plan identification number 001

VARILEASE FINANCE, INC. 401(K) 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

VARILEASE FINANCE, INC. has sponsored the creation of one or more 401k plans.

Company Name:VARILEASE FINANCE, INC.
Employer identification number (EIN):383620014
NAIC Classification:522220
NAIC Description:Sales Financing

Additional information about VARILEASE FINANCE, INC.

Jurisdiction of Incorporation: Michigan Secretary of State
Incorporation Date: 0000-00-00
Company Identification Number: 10786C
Legal Registered Office Address: 601 ABBOT ROAD EAST LANSING


United States of America (USA)
48823

More information about VARILEASE FINANCE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VARILEASE FINANCE, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01ROBERT CRAWFORD2023-06-27
0012021-01-01ROBERT CRAWFORD2022-05-17
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01BURK REYNOLDS
0012016-01-01BURK REYNOLDS
0012015-01-01BURK REYNOLDS BURK REYNOLDS2016-10-06
0012014-01-01BURK REYNOLDS BURK REYNOLDS2015-07-20
0012013-01-01RILEY SPARGEN RILEY SPARGEN2014-07-02
0012012-01-01RILEY SPARGEN RILEY SPARGEN2013-07-24
0012011-01-01RILEY SPARGEN RILEY SPARGEN2012-07-03
0012010-01-01RILEY SPARGEN RILEY SPARGEN2011-06-21
0012009-01-01RILEY SPARGEN RILEY SPARGEN2010-07-13

Plan Statistics for VARILEASE FINANCE, INC. 401(K) PLAN

401k plan membership statisitcs for VARILEASE FINANCE, INC. 401(K) PLAN

Measure Date Value
2020: VARILEASE FINANCE, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01103
Total number of active participants reported on line 7a of the Form 55002020-01-0176
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0111
Total of all active and inactive participants2020-01-0187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0187
Number of participants with account balances2020-01-0174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-019
2019: VARILEASE FINANCE, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01126
Total number of active participants reported on line 7a of the Form 55002019-01-0183
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0118
Total of all active and inactive participants2019-01-01101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01101
Number of participants with account balances2019-01-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0110
2018: VARILEASE FINANCE, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0190
Total number of active participants reported on line 7a of the Form 55002018-01-0189
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0126
Total of all active and inactive participants2018-01-01115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01115
Number of participants with account balances2018-01-0193
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0114
2017: VARILEASE FINANCE, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0179
Total number of active participants reported on line 7a of the Form 55002017-01-0161
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0116
Total of all active and inactive participants2017-01-0177
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0177
Number of participants with account balances2017-01-0164
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-018
2016: VARILEASE FINANCE, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0182
Total number of active participants reported on line 7a of the Form 55002016-01-0160
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-015
Total of all active and inactive participants2016-01-0165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0165
Number of participants with account balances2016-01-0137
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-013
2015: VARILEASE FINANCE, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0163
Total number of active participants reported on line 7a of the Form 55002015-01-0157
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-014
Total of all active and inactive participants2015-01-0161
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0161
Number of participants with account balances2015-01-0130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-013
2014: VARILEASE FINANCE, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0170
Total number of active participants reported on line 7a of the Form 55002014-01-0147
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-014
Total of all active and inactive participants2014-01-0151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0151
Number of participants with account balances2014-01-0126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-014
2013: VARILEASE FINANCE, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0165
Total number of active participants reported on line 7a of the Form 55002013-01-0149
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0110
Total of all active and inactive participants2013-01-0159
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0159
Number of participants with account balances2013-01-0135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-015
2012: VARILEASE FINANCE, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0151
Total number of active participants reported on line 7a of the Form 55002012-01-0155
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-013
Total of all active and inactive participants2012-01-0158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0158
Number of participants with account balances2012-01-0127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: VARILEASE FINANCE, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0151
Total number of active participants reported on line 7a of the Form 55002011-01-0143
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-012
Total of all active and inactive participants2011-01-0145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0145
Number of participants with account balances2011-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: VARILEASE FINANCE, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0158
Total number of active participants reported on line 7a of the Form 55002010-01-0143
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-014
Total of all active and inactive participants2010-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0147
Number of participants with account balances2010-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: VARILEASE FINANCE, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0142
Total number of active participants reported on line 7a of the Form 55002009-01-0144
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0110
Total of all active and inactive participants2009-01-0154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0154
Number of participants with account balances2009-01-0121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012

Financial Data on VARILEASE FINANCE, INC. 401(K) PLAN

Measure Date Value
2020 : VARILEASE FINANCE, INC. 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$978,089
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$160,146
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$152,269
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$636,839
Value of total assets at end of year2020-12-31$4,669,609
Value of total assets at beginning of year2020-12-31$3,851,666
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$7,877
Total interest from all sources2020-12-31$5,882
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$465,514
Participant contributions at end of year2020-12-31$124,793
Participant contributions at beginning of year2020-12-31$85,255
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$3,030
Other income not declared elsewhere2020-12-31$9,442
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$817,943
Value of net assets at end of year (total assets less liabilities)2020-12-31$4,669,609
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$3,851,666
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$3,872,279
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$3,528,705
Interest on participant loans2020-12-31$5,882
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$672,537
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$237,706
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$325,926
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$168,295
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$152,269
Contract administrator fees2020-12-31$7,877
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31WSRP, LLC
Accountancy firm EIN2020-12-31870517754
2019 : VARILEASE FINANCE, INC. 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$1,221,387
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$111,246
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$102,658
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$598,275
Value of total assets at end of year2019-12-31$3,851,666
Value of total assets at beginning of year2019-12-31$2,741,525
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$8,588
Total interest from all sources2019-12-31$3,935
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Administrative expenses professional fees incurred2019-12-31$8,588
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$200,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$431,425
Participant contributions at end of year2019-12-31$85,255
Participant contributions at beginning of year2019-12-31$80,217
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$500
Other income not declared elsewhere2019-12-31$3,826
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$1,110,141
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,851,666
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,741,525
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$3,528,705
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$2,450,376
Interest on participant loans2019-12-31$3,935
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$237,706
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$210,932
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$615,351
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$166,350
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$102,658
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31WSRP, LLC
Accountancy firm EIN2019-12-31870517754
2018 : VARILEASE FINANCE, INC. 401(K) PLAN 2018 401k financial data
Total income from all sources2018-12-31$335,533
Expenses. Total of all expenses incurred2018-12-31$425,303
Benefits paid (including direct rollovers)2018-12-31$418,484
Total plan assets at end of year2018-12-31$2,741,525
Total plan assets at beginning of year2018-12-31$2,831,295
Value of fidelity bond covering the plan2018-12-31$300,000
Total contributions received or receivable from participants2018-12-31$399,596
Other income received2018-12-31$-197,660
Net income (gross income less expenses)2018-12-31$-89,770
Net plan assets at end of year (total assets less liabilities)2018-12-31$2,741,525
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$2,831,295
Assets. Value of participant loans2018-12-31$80,217
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022018-12-31$132,963
Total contributions received or receivable from employer(s)2018-12-31$133,597
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$6,819
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : VARILEASE FINANCE, INC. 401(K) PLAN 2017 401k financial data
Total income from all sources2017-12-31$1,198,095
Expenses. Total of all expenses incurred2017-12-31$109,671
Benefits paid (including direct rollovers)2017-12-31$68,367
Total plan assets at end of year2017-12-31$2,831,295
Total plan assets at beginning of year2017-12-31$1,742,871
Value of fidelity bond covering the plan2017-12-31$200,000
Total contributions received or receivable from participants2017-12-31$360,582
Contributions received from other sources (not participants or employers)2017-12-31$382,706
Other income received2017-12-31$322,787
Net income (gross income less expenses)2017-12-31$1,088,424
Net plan assets at end of year (total assets less liabilities)2017-12-31$2,831,295
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,742,871
Assets. Value of participant loans2017-12-31$104,523
Total contributions received or receivable from employer(s)2017-12-31$132,020
Value of corrective distributions2017-12-31$36,785
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$4,519
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : VARILEASE FINANCE, INC. 401(K) PLAN 2016 401k financial data
Total income from all sources2016-12-31$444,019
Expenses. Total of all expenses incurred2016-12-31$64,539
Benefits paid (including direct rollovers)2016-12-31$60,730
Total plan assets at end of year2016-12-31$1,742,871
Total plan assets at beginning of year2016-12-31$1,363,391
Value of fidelity bond covering the plan2016-12-31$200,000
Total contributions received or receivable from participants2016-12-31$230,589
Contributions received from other sources (not participants or employers)2016-12-31$50,912
Other income received2016-12-31$80,723
Net income (gross income less expenses)2016-12-31$379,480
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,742,871
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,363,391
Assets. Value of participant loans2016-12-31$68,181
Total contributions received or receivable from employer(s)2016-12-31$81,795
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$3,809
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : VARILEASE FINANCE, INC. 401(K) PLAN 2015 401k financial data
Total plan liabilities at beginning of year2015-12-31$28,727
Total income from all sources2015-12-31$242,807
Expenses. Total of all expenses incurred2015-12-31$278,609
Benefits paid (including direct rollovers)2015-12-31$276,556
Total plan assets at end of year2015-12-31$1,363,391
Total plan assets at beginning of year2015-12-31$1,427,920
Value of fidelity bond covering the plan2015-12-31$150,000
Total contributions received or receivable from participants2015-12-31$199,278
Contributions received from other sources (not participants or employers)2015-12-31$28,977
Other income received2015-12-31$-54,208
Net income (gross income less expenses)2015-12-31$-35,802
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,363,391
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,399,193
Assets. Value of participant loans2015-12-31$66,325
Total contributions received or receivable from employer(s)2015-12-31$68,760
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$2,053
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : VARILEASE FINANCE, INC. 401(K) PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$28,727
Total plan liabilities at beginning of year2014-12-31$19,421
Total income from all sources2014-12-31$328,269
Expenses. Total of all expenses incurred2014-12-31$194,489
Benefits paid (including direct rollovers)2014-12-31$135,969
Total plan assets at end of year2014-12-31$1,427,920
Total plan assets at beginning of year2014-12-31$1,284,834
Value of fidelity bond covering the plan2014-12-31$150,000
Total contributions received or receivable from participants2014-12-31$189,807
Other income received2014-12-31$65,897
Net income (gross income less expenses)2014-12-31$133,780
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,399,193
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,265,413
Assets. Value of participant loans2014-12-31$50,500
Total contributions received or receivable from employer(s)2014-12-31$72,565
Value of certain deemed distributions of participant loans2014-12-31$26,798
Value of corrective distributions2014-12-31$28,727
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$2,995
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : VARILEASE FINANCE, INC. 401(K) PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$19,421
Total income from all sources2013-12-31$557,719
Expenses. Total of all expenses incurred2013-12-31$30,963
Benefits paid (including direct rollovers)2013-12-31$7,141
Total plan assets at end of year2013-12-31$1,284,834
Total plan assets at beginning of year2013-12-31$738,657
Value of fidelity bond covering the plan2013-12-31$100,000
Total contributions received or receivable from participants2013-12-31$217,630
Contributions received from other sources (not participants or employers)2013-12-31$105,707
Other income received2013-12-31$164,179
Net income (gross income less expenses)2013-12-31$526,756
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,265,413
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$738,657
Assets. Value of participant loans2013-12-31$801,104
Total contributions received or receivable from employer(s)2013-12-31$70,203
Value of corrective distributions2013-12-31$19,241
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$4,581
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : VARILEASE FINANCE, INC. 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$350,738
Expenses. Total of all expenses incurred2012-12-31$20,904
Benefits paid (including direct rollovers)2012-12-31$10,285
Total plan assets at end of year2012-12-31$738,657
Total plan assets at beginning of year2012-12-31$408,823
Value of fidelity bond covering the plan2012-12-31$100,000
Total contributions received or receivable from participants2012-12-31$203,808
Other income received2012-12-31$78,645
Net income (gross income less expenses)2012-12-31$329,834
Net plan assets at end of year (total assets less liabilities)2012-12-31$738,657
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$408,823
Assets. Value of participant loans2012-12-31$25,577
Total contributions received or receivable from employer(s)2012-12-31$68,285
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$10,619
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : VARILEASE FINANCE, INC. 401(K) PLAN 2011 401k financial data
Total income from all sources2011-12-31$76,423
Expenses. Total of all expenses incurred2011-12-31$17,522
Benefits paid (including direct rollovers)2011-12-31$9,084
Total plan assets at end of year2011-12-31$408,823
Total plan assets at beginning of year2011-12-31$349,922
Total contributions received or receivable from participants2011-12-31$68,839
Other income received2011-12-31$-18,137
Net income (gross income less expenses)2011-12-31$58,901
Net plan assets at end of year (total assets less liabilities)2011-12-31$408,823
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$349,922
Assets. Value of participant loans2011-12-31$43,128
Total contributions received or receivable from employer(s)2011-12-31$25,721
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$8,438
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : VARILEASE FINANCE, INC. 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$142,858
Expenses. Total of all expenses incurred2010-12-31$61,140
Benefits paid (including direct rollovers)2010-12-31$54,031
Total plan assets at end of year2010-12-31$349,922
Total plan assets at beginning of year2010-12-31$268,204
Value of fidelity bond covering the plan2010-12-31$100,000
Total contributions received or receivable from participants2010-12-31$68,668
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$48,850
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$81,718
Net plan assets at end of year (total assets less liabilities)2010-12-31$349,922
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$268,204
Assets. Value of participant loans2010-12-31$39,863
Total contributions received or receivable from employer(s)2010-12-31$25,340
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$7,109
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : VARILEASE FINANCE, INC. 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for VARILEASE FINANCE, INC. 401(K) PLAN

2020: VARILEASE FINANCE, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: VARILEASE FINANCE, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: VARILEASE FINANCE, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: VARILEASE FINANCE, INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: VARILEASE FINANCE, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: VARILEASE FINANCE, INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: VARILEASE FINANCE, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: VARILEASE FINANCE, INC. 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: VARILEASE FINANCE, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan benefit arrangement – InsuranceYes
2011: VARILEASE FINANCE, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan benefit arrangement – InsuranceYes
2010: VARILEASE FINANCE, INC. 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan benefit arrangement – InsuranceYes
2009: VARILEASE FINANCE, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number786-80086
Policy instance 1
Insurance contract or identification number786-80086
Number of Individuals Covered7
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $1,139
Are there contracts with allocated funds for individual policies?0
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees1139
Additional information about fees paid to insurance brokerCOMMISSIONS
Insurance broker organization code?3
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number786-80046
Policy instance 1
Insurance contract or identification number786-80046
Number of Individuals Covered0
Insurance policy start date2016-01-01
Insurance policy end date2016-12-31
Total amount of commissions paid to insurance brokerUSD $231
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $231
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerCOMMISSIONS
Insurance broker organization code?3
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number786-80086
Policy instance 2
Insurance contract or identification number786-80086
Number of Individuals Covered5
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $229
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $229
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerCOMMISSIONS
Insurance broker organization code?3
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number786-80046
Policy instance 1
Insurance contract or identification number786-80046
Number of Individuals Covered5
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $362
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $201
Insurance broker organization code?3
NATIONWIDE TRUST COMPANY FSB (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number786-80046
Policy instance 1
Insurance contract or identification number786-80046
Number of Individuals Covered64
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $196
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $196
Insurance broker organization code?3
Insurance broker nameMML INSURANCE AGENCY
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number38883
Policy instance 1
Insurance contract or identification number38883
Number of Individuals Covered0
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $2,502
Total amount of fees paid to insurance companyUSD $865
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $2,502
Insurance broker organization code?3
Amount paid for insurance broker fees865
Additional information about fees paid to insurance brokerADMINISTRATION FEES
Insurance broker nameWC ADMINISTRATORS, LLC
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number38883
Policy instance 1
Insurance contract or identification number38883
Number of Individuals Covered27
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $8,150
Total amount of fees paid to insurance companyUSD $1,356
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $8,150
Insurance broker organization code?3
Amount paid for insurance broker fees1356
Additional information about fees paid to insurance brokerADMINISTRATION FEES
Insurance broker nameWC ADMINISTRATORS, LLC
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number38883
Policy instance 1
Insurance contract or identification number38883
Number of Individuals Covered16
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $2,864
Total amount of fees paid to insurance companyUSD $1,926
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number38883
Policy instance 1
Insurance contract or identification number38883
Number of Individuals Covered17
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $2,809
Total amount of fees paid to insurance companyUSD $1,889
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $2,809
Insurance broker organization code?3
Amount paid for insurance broker fees1889
Additional information about fees paid to insurance brokerADMINISTRATION FEES
Insurance broker nameWC ADMINISTRATORS, LLC

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