Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Old Market Capital
Old Market Capital 401(k)
- Finance and insurance
- Clearwater, FL
- EIN 59-3019317
- 1 plan with Schedule H financials
- Plan year 2023
- Old Market Capital Corporation
- filed as Nicholas Financial Inc
- SEC registrant OLD MARKET CAPITAL Corp
Administrative expenses excluding investment management, per participant · Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust · plan year 2023
$206.73
Higher than 82% of the 17,126 plans $1 to 10M that report it.
Source
= $13,851 / 67
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241205145243NAL0005805729001, received 2024-12-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241205145243NAL0005805729001, received 2024-12-05
Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2023-01-01 to 2023-12-31, filing received 2024-12-05.
Cost and contributions
Administrative expenses per participant
$337.27
Higher than 90% of the 17,762 plans $1 to 10M that report it.
Source
= $22,597 / 67
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241205145243NAL0005805729001, received 2024-12-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241205145243NAL0005805729001, received 2024-12-05
Administrative expenses as a share of assets
0.627%
Higher than 65% of the 17,798 plans $1 to 10M that report it.
Source
= $22,597 / $3,601,574
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241205145243NAL0005805729001, received 2024-12-05
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241205145243NAL0005805729001, received 2024-12-05
Employer contributions per participant
$609
Higher than 21% of the 15,688 plans $1 to 10M that report it.
Source
= $40,785 / 67
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241205145243NAL0005805729001, received 2024-12-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241205145243NAL0005805729001, received 2024-12-05
Employer share of total contributions
21.3%
Higher than 28% of the 15,721 plans $1 to 10M that report it.
Source
= $40,785 / $191,377
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241205145243NAL0005805729001, received 2024-12-05
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241205145243NAL0005805729001, received 2024-12-05
Plan terms, as stated in Old Market Capital Corporation's SEC filings
Plan terms are described in Old Market Capital Corporation's SEC filings: Form 10-K filed 2025-06-30. No term could be quoted from them with the required precision.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20241205145243NAL0005805729001, received 2024-12-05
Full record, Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust
| Field | Value | Source |
|---|---|---|
| Plan sponsor | NICHOLAS FINANCIAL INC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Plan name | NICHOLAS FINANCIAL INC 401(K) PROFIT SHARING PLAN & TRUST | Form 5500, line 1a; PLAN_NAME pos 16; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Sponsor EIN / plan number | 59-3019317 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Sponsor location | CLEARWATER, FL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Industry (business code) | 523900, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Plan year | 2023-01-01 to 2023-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Filing received | 2024-12-05 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Amended filing | yes | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Participants, beginning of year | 162 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Active participants | 8 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Participants, end of year | 67 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Participants with an account balance | 67 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Total assets, beginning of year | $4,415,977 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Total assets, end of year | $3,601,574 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Net assets, end of year | $3,601,574 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Total income | $863,368 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Net income | $-814,403 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Employer contributions | $40,785 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Participant contributions | $103,673 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Other contributions (incl. rollovers) | $46,919 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Total contributions | $191,377 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Benefit payments | $1,653,287 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Total expenses (incl. benefit payments) | $1,677,771 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Total administrative expenses | $22,597 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Contract administrator fees | $12,891 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Recordkeeping fees | $0 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Investment advisory and management fees | $8,746 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Administrative expenses excluding investment management | $13,851 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Held in common/collective trusts | $5,325 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Held in mutual funds | $3,596,249 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20241205145243NAL0005805729001, received 2024-12-05 |
| Independent auditor | FORVIS MAZARS, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20241205145243NAL0005805729001, received 2024-12-05 |
Position = column in the DOL layout for form year 2023. Filing 20241205145243NAL0005805729001, received 2024-12-05.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PAYCHEX, INC.recordkeeper | RECORDKEEPER | 15 Recordkeeping and information management | $9,291 | no |
| MERRILL LYNCH, PIERCE, FENNER | INVESTMENT ADVISORY PLAN | 27 Investment advisory (plan) | $8,746 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20241205145243NAL0005805729001, received 2024-12-05.
No filing for the previous plan year is in the data, so there is no year-over-year comparison.
Alerts, claims and corrections
Sponsor name as filed: NICHOLAS FINANCIAL INC; SEC registrant: OLD MARKET CAPITAL Corp (CIK 1000045, matched by EIN; display name from the Form 10-K cover).