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CITY LENDING, INC. 401k Plan overview

Plan NameCITY LENDING, INC.
Plan identification number 502

CITY LENDING, INC. Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Vision
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • Death benefits (include travel accident but not life insurance)
  • Unfunded, fully insured, or combination unfunded/insured welfare plan that will not file a Form 5500 for next plan year pursuant to 29 CFR 2520.104-20.

401k Sponsoring company profile

CITY LENDING, INC. has sponsored the creation of one or more 401k plans.

Company Name:CITY LENDING, INC.
Employer identification number (EIN):462193453
NAIC Classification:522293
NAIC Description:International Trade Financing

Additional information about CITY LENDING, INC.

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 2013-02-25
Company Identification Number: 0761499
Legal Registered Office Address: 8150 LEESBURG PIKE, SUITE 405

VIENNA
United States of America (USA)
22182

More information about CITY LENDING, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CITY LENDING, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5022021-11-01MARIA RAMIREZ2023-03-20
5022020-11-01SIMONE VANN2022-05-29
5022019-11-01SIMONE VANN2021-05-27

Plan Statistics for CITY LENDING, INC.

401k plan membership statisitcs for CITY LENDING, INC.

Measure Date Value
2021: CITY LENDING, INC. 2021 401k membership
Total participants, beginning-of-year2021-11-01135
Total number of active participants reported on line 7a of the Form 55002021-11-0185
Number of retired or separated participants receiving benefits2021-11-010
Number of other retired or separated participants entitled to future benefits2021-11-010
Total of all active and inactive participants2021-11-0185
Number of employers contributing to the scheme2021-11-010
2020: CITY LENDING, INC. 2020 401k membership
Total participants, beginning-of-year2020-11-01137
Total number of active participants reported on line 7a of the Form 55002020-11-01135
Number of retired or separated participants receiving benefits2020-11-010
Number of other retired or separated participants entitled to future benefits2020-11-010
Total of all active and inactive participants2020-11-01135
Number of employers contributing to the scheme2020-11-010
2019: CITY LENDING, INC. 2019 401k membership
Total participants, beginning-of-year2019-11-01161
Total number of active participants reported on line 7a of the Form 55002019-11-01137
Number of retired or separated participants receiving benefits2019-11-010
Number of other retired or separated participants entitled to future benefits2019-11-010
Total of all active and inactive participants2019-11-01137
Number of employers contributing to the scheme2019-11-010

Form 5500 Responses for CITY LENDING, INC.

2021: CITY LENDING, INC. 2021 form 5500 responses
2021-11-01Type of plan entitySingle employer plan
2021-11-01Plan funding arrangement – InsuranceYes
2021-11-01Plan benefit arrangement – InsuranceYes
2020: CITY LENDING, INC. 2020 form 5500 responses
2020-11-01Type of plan entitySingle employer plan
2020-11-01Plan funding arrangement – InsuranceYes
2020-11-01Plan benefit arrangement – InsuranceYes
2019: CITY LENDING, INC. 2019 form 5500 responses
2019-11-01Type of plan entitySingle employer plan
2019-11-01First time form 5500 has been submittedYes
2019-11-01Plan funding arrangement – InsuranceYes
2019-11-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number26636
Policy instance 1
Insurance contract or identification number26636
Number of Individuals Covered85
Insurance policy start date2021-11-01
Insurance policy end date2022-10-31
Total amount of commissions paid to insurance brokerUSD $8,833
Total amount of fees paid to insurance companyUSD $2,941
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $96,242
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $8,833
Amount paid for insurance broker fees2941
Additional information about fees paid to insurance brokerFEES
Insurance broker organization code?3
CAREFIRST BLUECHOICE (National Association of Insurance Commissioners NAIC id number: 96202 )
Policy contract number2J9N
Policy instance 2
Insurance contract or identification number2J9N
Number of Individuals Covered55
Insurance policy start date2021-11-01
Insurance policy end date2022-10-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $27,921
Health Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $468,182
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees27921
Additional information about fees paid to insurance brokerPERSISTENCY BONUS, PRODUCER SERVICE FEE
Insurance broker organization code?3
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number1079891
Policy instance 1
Insurance contract or identification number1079891
Number of Individuals Covered181
Insurance policy start date2020-11-01
Insurance policy end date2021-10-31
Total amount of commissions paid to insurance brokerUSD $15,221
Total amount of fees paid to insurance companyUSD $634
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $117,757
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $10,497
Amount paid for insurance broker fees0
Insurance broker organization code?3
Additional information about fees paid to insurance brokerBONUS
CAREFIRST BLUECHOICE (National Association of Insurance Commissioners NAIC id number: 96202 )
Policy contract number2J9N
Policy instance 2
Insurance contract or identification number2J9N
Number of Individuals Covered83
Insurance policy start date2020-11-01
Insurance policy end date2021-10-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $35,022
Health Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $575,387
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees35022
Additional information about fees paid to insurance brokerNEW BUSINESS BONUS, PERSISTENCY BONUS
Insurance broker organization code?3
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number1079891
Policy instance 1
Insurance contract or identification number1079891
Number of Individuals Covered182
Insurance policy start date2019-11-01
Insurance policy end date2020-10-31
Total amount of commissions paid to insurance brokerUSD $14,579
Total amount of fees paid to insurance companyUSD $0
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $114,663
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $9,954
Insurance broker organization code?3
Amount paid for insurance broker fees0
KAISER FOUNDATION HEALTH PLANS OF MID-ATLANTIC (National Association of Insurance Commissioners NAIC id number: 95639 )
Policy contract number26976
Policy instance 2
Insurance contract or identification number26976
Number of Individuals Covered79
Insurance policy start date2019-11-01
Insurance policy end date2020-10-31
Total amount of commissions paid to insurance brokerUSD $28,208
Total amount of fees paid to insurance companyUSD $11,620
Health Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $461,430
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $22,360
Amount paid for insurance broker fees11620
Additional information about fees paid to insurance brokerBONUS NON-MONETARY COMPENSATION
Insurance broker organization code?3

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