National Funding, Inc. 401(K) Plan — Form 5500 plan (National Funding, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, National Funding, Inc. 401(K) Plan is a benefit plan reported by National Funding, Inc. under EIN 95-4724281 and plan number 001. The latest loaded filing year is 2023. The filing reports 382 participants and $14,089,076 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$14.1MPlan net assets, end of year$14,089,076
Participants382Covered participants reported
Assets / participant$36.9KComputed: assets ÷ participants$36,882 (computed)
Provider compensation$69.8K3 Schedule C provider row(s)$69,788
- Plan sponsor
- National Funding, Inc.
- EIN
- 95-4724281
- Plan number
- 001
- Plan type
- 2
- Location
- San Diego, CA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 382 | H, C | 20240920190952NAL0013941648001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$14.1M total assets
Net assets$14.1MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $14,089,076
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,089,076
- Net assets (BOY)
- $9,458,417
Income & contributions
- Employer contributions
- $866,303
- Participant contributions
- $2,271,771
- Total contributions
- $3,335,991
- Total income / additions
- $5,439,900
Expenses & distributions
- Benefits paid
- $712,113
- Administrative expenses
- $68,653
- Total expenses
- $809,241
- Net increase / (decrease)
- $4,630,659
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
28%72%
Employer 28%Participant 72%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income13%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Merrill Lynch Pierce Fenner & Smith | CONSULTANT | $39,431 | $678 | 2023 |
| Principal Life Insurance Company | CONTRACT ADMIN | $29,098 | $0 | 2023 |
| San Diego Pension Consultants | OTHER SERVICES | $0 | $581 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for National Funding, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in CA
- 401(k) and benefit plan filings in San Diego, CA
- Merrill Lynch Pierce Fenner & Smith — Schedule C compensation
- Principal Life Insurance Company — Schedule C compensation
- San Diego Pension Consultants — Schedule C compensation