401k Plan data: GEM CARS, INC. 401(K) PLAN plan

GEM CARS, INC. 401(K) PLAN 401k Plan overview

Plan Name	GEM CARS, INC. 401(K) PLAN
Plan identification number	001

GEM CARS, INC. 401(K) PLAN Benefits

401k Plan Type

Defined 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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

GEM CARS, INC. has sponsored the creation of one or more 401k plans.

Company Name: GEM CARS, INC.

Employer identification number (EIN): 742052818

NAIC Classification: 441120
NAIC Description: Used Car Dealers

Additional information about GEM CARS, INC.

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 1985-06-18

Company Identification Number: 0075626900

Legal Registered Office Address: 12182 GARLAND RD

DALLAS
United States of America (USA)
75218

More information about GEM CARS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GEM CARS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2011-01-01 LOREN WEINSTEIN
001 2010-01-01 LOREN WEINSTEIN
001 2009-01-01 LOREN WEINSTEIN

Plan id#	Filing Submission Date	Name of Administrator
001	2011-01-01	LOREN WEINSTEIN
001	2010-01-01	LOREN WEINSTEIN
001	2009-01-01	LOREN WEINSTEIN

Plan Statistics for GEM CARS, INC. 401(K) PLAN

401k plan membership statisitcs for GEM CARS, INC. 401(K) PLAN

Measure Date Value
2011: GEM CARS, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 19
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 18
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 1
Total of all active and inactive participants 2011-01-01 19
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 19
Number of participants with account balances 2011-01-01 12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: GEM CARS, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 18
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 19
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 0
Total of all active and inactive participants 2010-01-01 19
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 19
Number of participants with account balances 2010-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: GEM CARS, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 18
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 17
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 1
Total of all active and inactive participants 2009-01-01 18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 18
Number of participants with account balances 2009-01-01 12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 1

Measure	Date	Value
2011: GEM CARS, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	19
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	18
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	1
Total of all active and inactive participants	2011-01-01	19
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	19
Number of participants with account balances	2011-01-01	12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: GEM CARS, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	18
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	19
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	0
Total of all active and inactive participants	2010-01-01	19
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	19
Number of participants with account balances	2010-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: GEM CARS, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	18
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	17
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	1
Total of all active and inactive participants	2009-01-01	18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	18
Number of participants with account balances	2009-01-01	12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	1

Financial Data on GEM CARS, INC. 401(K) PLAN

Measure	Date	Value
2011 : GEM CARS, INC. 401(K) PLAN 2011 401k financial data
Total plan liabilities at beginning of year	2011-12-31	$0
Total income from all sources	2011-12-31	$168,651
Expenses. Total of all expenses incurred	2011-12-31	$14,025
Benefits paid (including direct rollovers)	2011-12-31	$14,025
Total plan assets at end of year	2011-12-31	$717,743
Total plan assets at beginning of year	2011-12-31	$563,117
Value of fidelity bond covering the plan	2011-12-31	$171,000
Total contributions received or receivable from participants	2011-12-31	$86,375
Other income received	2011-12-31	$36,807
Net income (gross income less expenses)	2011-12-31	$154,626
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$717,743
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$563,117
Assets. Value of employer securities	2011-12-31	$299,314
Total contributions received or receivable from employer(s)	2011-12-31	$45,469
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : GEM CARS, INC. 401(K) PLAN 2010 401k financial data
Transfers to/from the plan	2010-12-31	$0
Total plan liabilities at end of year	2010-12-31	$0
Total plan liabilities at beginning of year	2010-12-31	$0
Total income from all sources	2010-12-31	$177,408
Expenses. Total of all expenses incurred	2010-12-31	$9,768
Benefits paid (including direct rollovers)	2010-12-31	$9,768
Total plan assets at end of year	2010-12-31	$563,117
Total plan assets at beginning of year	2010-12-31	$395,477
Total contributions received or receivable from participants	2010-12-31	$66,718
Expenses. Other expenses not covered elsewhere	2010-12-31	$0
Contributions received from other sources (not participants or employers)	2010-12-31	$8,421
Other income received	2010-12-31	$57,391
Noncash contributions received	2010-12-31	$0
Net income (gross income less expenses)	2010-12-31	$167,640
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$563,117
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$395,477
Assets. Value of employer securities	2010-12-31	$299,314
Total contributions received or receivable from employer(s)	2010-12-31	$44,878
Value of certain deemed distributions of participant loans	2010-12-31	$0
Value of corrective distributions	2010-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$0

Form 5500 Responses for GEM CARS, INC. 401(K) PLAN

2011: GEM CARS, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: GEM CARS, INC. 401(K) PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: GEM CARS, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

GEM CARS, INC. 401(K) PLAN [EIN = 752052818]

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Company Name:	GEM CARS, INC.
Employer identification number (EIN):	742052818
NAIC Classification:	441120
NAIC Description:	Used Car Dealers

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	1985-06-18
Company Identification Number:	0075626900
Legal Registered Office Address:	12182 GARLAND RD DALLAS United States of America (USA) 75218