Company: CPSS
Filing Date: 2025-06-30
Form Type: 11-K
Source: 0001683168-25-004829
Chunk: 10

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-06-30
Form: 11-K
Chunk 10
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 |     |                         |    182,424 |     |         |    182,424 |     |         | – |     |         | – |
| Total                           |     | $                       | 51,995,090 |     | $       | 51,995,090 |     | $       | – |     | $       | – |

Registered investment companies and shares of CPS, Inc. common stock were valued at their daily closing price.

The Plan is a party to a fully
benefit-responsive guaranteed interest contract with Empower. The account is credited with earnings on the underlying investments and
charged for participant withdrawals and administrative expenses. The guaranteed interest contract issuer is contractually obligated to
repay the principal and a specified interest rate that is guaranteed to the Plan. Because the guaranteed investment contract is fully
benefit-responsive, contract value is the relevant measurement for that portion of the net assets available for plan benefits attributable
to the guaranteed investment contract. The guaranteed interest contract is presented on the face of the statements of net assets available
for benefits at contract value. Contract value, as reported to the Plan by Empower, represents contributions made under the contract,
plus earnings, less participant withdrawals and administrative expenses. Participants may ordinarily direct the withdrawal or transfer
of all or a portion of their investment at contract value.

| (4) | Risks and Uncertainties |

The Plan provides for various investment
options in money market funds, registered investment companies, guaranteed interest contract and the common stock of CPS, Inc. Investment
securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of uncertainty related to changes
in the value of investment securities, it is at least reasonably possible that changes in the various risk factors could materially affect
participants’ account balances and the amounts reported in the financial statements. The global economy, including the financial
and credit markets, has recently experienced extreme volatility and disruptions, including increases to inflation rates, rising interest
rates, declines in consumer confidence, declines in economic growth, and uncertainty about economic stability. The severity and duration
of the impact of these conditions on the Plan cannot be predicted.

| 9 |

<div align='center'>CONSUMER PORTFOLIO SERVICES, INC. 401(K) PLAN

Notes to Financial Statements

December 31, 2024, and 2023</div>

| (5) | Tax Status |

The Internal Revenue Service (“IRS”)
has determined and informed the Plan Sponsor