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NEW PRAGUE FORD MERCURY INC 401k Plan overview

Plan NameNEW PRAGUE FORD MERCURY INC
Plan identification number 001

NEW PRAGUE FORD MERCURY INC Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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

NEW PRAGUE FORD MERCURY INC has sponsored the creation of one or more 401k plans.

Company Name:NEW PRAGUE FORD MERCURY INC
Employer identification number (EIN):411810139
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW PRAGUE FORD MERCURY INC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01CONNIE SCHMIT
0012014-01-01PATTY NOVAK2015-06-18
0012013-01-01PATTY NOVAK2014-07-25
0012012-01-01PATTY NOVAK2013-06-25
0012011-01-01PATTY NOVAK2012-07-20
0012010-01-01LISA SWELLAND2011-06-10
0012009-01-01LISA SWELLAND
0012009-01-01LISA SWELLAND

Plan Statistics for NEW PRAGUE FORD MERCURY INC

401k plan membership statisitcs for NEW PRAGUE FORD MERCURY INC

Measure Date Value
2015: NEW PRAGUE FORD MERCURY INC 2015 401k membership
Total participants, beginning-of-year2015-01-01166
Total number of active participants reported on line 7a of the Form 55002015-01-01187
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0115
Total of all active and inactive participants2015-01-01202
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01202
Number of participants with account balances2015-01-0185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-013
2009: NEW PRAGUE FORD MERCURY INC 2009 401k membership
Total participants, beginning-of-year2009-01-0142
Total number of active participants reported on line 7a of the Form 55002009-01-0141
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-015
Total of all active and inactive participants2009-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0146
Number of participants with account balances2009-01-0122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on NEW PRAGUE FORD MERCURY INC

Measure Date Value
2015 : NEW PRAGUE FORD MERCURY INC 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$0
Total transfer of assets from this plan2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$465,177
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$118,715
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$110,537
Expenses. Certain deemed distributions of participant loans2015-12-31$1,887
Value of total corrective distributions2015-12-31$5,516
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$506,877
Value of total assets at end of year2015-12-31$3,317,589
Value of total assets at beginning of year2015-12-31$2,971,127
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$775
Total interest from all sources2015-12-31$2,906
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$220,011
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$220,011
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$298,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$365,219
Participant contributions at end of year2015-12-31$32,341
Participant contributions at beginning of year2015-12-31$31,035
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$62,925
Administrative expenses (other) incurred2015-12-31$775
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$346,462
Value of net assets at end of year (total assets less liabilities)2015-12-31$3,317,589
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$2,971,127
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$3,283,068
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$2,938,273
Interest on participant loans2015-12-31$2,906
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$2,180
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$1,819
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$1,819
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-264,617
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$78,733
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$110,537
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31CLIFTON LARSON ALLEN LLP
Accountancy firm EIN2015-12-31410746749
2009 : NEW PRAGUE FORD MERCURY INC 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 NEW PRAGUE FORD MERCURY INC

2015: NEW PRAGUE FORD MERCURY INC 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2009: NEW PRAGUE FORD MERCURY INC 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 benefit arrangement – InsuranceYes

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