Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 306

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 306
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400) 
    $(169) 
    $(920)

    Benefit Obligation Recognized in Other Comprehensive Loss (Income) 

    Net loss (gain) 
    $(2,937) 
    $(1,755) 
    $1,003 
  
    Prior service cost (credit) 
     –  
     –  
     – 
  
    Amortization of prior service cost 
     –  
     –  
     – 
  
    Net amount recognized in other comprehensive loss (income) 
    $(2,937) 
    $(1,755) 
    $1,003 

     F-33 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The estimated net gain
that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2025 is $703,000.

The weighted average asset allocation of our pension
benefits at December 31, 2024 and 2023 were as follows:

    Schedule of weighted average asset allocation of our pension
benefits 

    December 31, 

    2024  
    2023 
  
    Weighted Average Asset Allocation at Year-End 

    Asset Category 

    Equity securities 
     87%  
     87% 
  
    Debt securities 
     13%  
     13% 
  
    Cash and cash equivalents 
     0%  
     0% 
  
    Total 
     100%  
     100% 

Our investment policies and
strategies for the pension benefits plan utilize a target allocation of 75% equity securities and 25% fixed income securities (excluding
Company stock). Our investment goals are to maximize returns subject to specific risk management policies. We address risk management
and diversification by the use of a professional investment advisor and several sub-advisors which invest in domestic and international
equity securities and domestic fixed income securities. Each sub-advisor focuses its investments within a specific sector of the equity
or fixed income market. For the sub-advisors focused on the equity markets, the sectors are differentiated by the market capitalization,
the relative valuation and the location of the underlying issuer. For the sub-advisors focused on the fixed income markets, the sectors
are differentiated by the credit quality and the maturity of the underlying