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MARTIN AUTOMOTIVE, INC. 401 (K) SAVINGS PLAN 401k Plan overview

Plan NameMARTIN AUTOMOTIVE, INC. 401 (K) SAVINGS PLAN
Plan identification number 002

MARTIN AUTOMOTIVE, INC. 401 (K) SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

MARTIN AUTOMOTIVE, INC. has sponsored the creation of one or more 401k plans.

Company Name:MARTIN AUTOMOTIVE, INC.
Employer identification number (EIN):390875970
NAIC Classification:441110
NAIC Description:New Car Dealers

Additional information about MARTIN AUTOMOTIVE, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1988-06-15
Company Identification Number: M86201
Legal Registered Office Address: 5250 S. HWY. 17-92

CASSELBERRY

32707

More information about MARTIN AUTOMOTIVE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MARTIN AUTOMOTIVE, INC. 401 (K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01HEATHER STEWART2024-06-24
0022022-01-01HEATHER STEWART2023-07-24
0022021-01-01RANDY MARTINEZ2022-06-09
0022020-01-01TERRY MARTIN2021-08-09
0022019-01-01TERRY MARTIN2020-07-07
0022018-01-01TERRY MARTIN2019-09-17
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01TERRY J MARTIN2015-10-08
0022013-01-01TERRY J MARTIN2014-01-29
0022012-01-01TERRY J MARTIN2013-01-31
0022011-01-01TERRY J MARTIN2012-01-24
0022010-01-01TERRY J MARTIN
0022009-01-01TERRY J MARTIN TERRY J MARTIN2010-02-26

Plan Statistics for MARTIN AUTOMOTIVE, INC. 401 (K) SAVINGS PLAN

401k plan membership statisitcs for MARTIN AUTOMOTIVE, INC. 401 (K) SAVINGS PLAN

Measure Date Value
2010: MARTIN AUTOMOTIVE, INC. 401 (K) SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0110
Total number of active participants reported on line 7a of the Form 55002010-01-0113
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-011
Total of all active and inactive participants2010-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0114
Number of participants with account balances2010-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: MARTIN AUTOMOTIVE, INC. 401 (K) SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0112
Total number of active participants reported on line 7a of the Form 55002009-01-0110
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0111
Number of participants with account balances2009-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on MARTIN AUTOMOTIVE, INC. 401 (K) SAVINGS PLAN

Measure Date Value
2010 : MARTIN AUTOMOTIVE, INC. 401 (K) SAVINGS PLAN 2010 401k financial data
Total income from all sources2010-12-31$38,440
Expenses. Total of all expenses incurred2010-12-31$0
Total plan assets at end of year2010-12-31$229,099
Total plan assets at beginning of year2010-12-31$190,659
Value of fidelity bond covering the plan2010-12-31$80,000
Total contributions received or receivable from participants2010-12-31$12,563
Other income received2010-12-31$23,040
Net income (gross income less expenses)2010-12-31$38,440
Net plan assets at end of year (total assets less liabilities)2010-12-31$229,099
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$190,659
Total contributions received or receivable from employer(s)2010-12-31$2,837
2009 : MARTIN AUTOMOTIVE, INC. 401 (K) SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for MARTIN AUTOMOTIVE, INC. 401 (K) SAVINGS PLAN

2010: MARTIN AUTOMOTIVE, INC. 401 (K) SAVINGS PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: MARTIN AUTOMOTIVE, INC. 401 (K) SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number999294-000
Policy instance 1
Insurance contract or identification number999294-000
Number of Individuals Covered9
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $506
Total amount of fees paid to insurance companyUSD $99
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $506
Insurance broker organization code?3
Amount paid for insurance broker fees99
Additional information about fees paid to insurance brokerADMINISTRATION
Insurance broker nameRETIREMENT PLAN PARTNERS, LLC

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