401k Plan data: MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN plan

MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN
Plan identification number	001

MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING 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.

401k Sponsoring company profile

MOTOR CITY WASH WORKS, INC. has sponsored the creation of one or more 401k plans.

Company Name: MOTOR CITY WASH WORKS, INC.

Employer identification number (EIN): 743103694

NAIC Classification: 336300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01

Plan Statistics for MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN

401k plan membership statisitcs for MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN

Measure Date Value
2023: MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 210
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 184
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 8
Total of all active and inactive participants 2023-01-01 192
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 192
Number of participants with account balances 2023-01-01 111
2022: MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 100
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 200
Number of other retired or separated participants entitled to future benefits 2022-01-01 10
Total of all active and inactive participants 2022-01-01 210
Total participants 2022-01-01 210
Number of participants with account balances 2022-01-01 102
2021: MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 107
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 94
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 6
Total of all active and inactive participants 2021-01-01 100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 100
Number of participants with account balances 2021-01-01 77
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 71
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 92
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 15
Total of all active and inactive participants 2020-01-01 107
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 107
Number of participants with account balances 2020-01-01 82
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0

Measure	Date	Value
2023: MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	210
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	184
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	8
Total of all active and inactive participants	2023-01-01	192
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	192
Number of participants with account balances	2023-01-01	111
2022: MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	100
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	200
Number of other retired or separated participants entitled to future benefits	2022-01-01	10
Total of all active and inactive participants	2022-01-01	210
Total participants	2022-01-01	210
Number of participants with account balances	2022-01-01	102
2021: MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	107
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	94
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	6
Total of all active and inactive participants	2021-01-01	100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	100
Number of participants with account balances	2021-01-01	77
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	71
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	92
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	15
Total of all active and inactive participants	2020-01-01	107
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	107
Number of participants with account balances	2020-01-01	82
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0

Financial Data on MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN

Measure	Date	Value
2023 : MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2023 401k financial data
Transfers to/from the plan	2023-12-31	$0
Total plan liabilities at end of year	2023-12-31	$0
Total plan liabilities at beginning of year	2023-12-31	$0
Total income from all sources	2023-12-31	$2,299,745
Expenses. Total of all expenses incurred	2023-12-31	$187,059
Benefits paid (including direct rollovers)	2023-12-31	$146,915
Total plan assets at end of year	2023-12-31	$8,080,970
Total plan assets at beginning of year	2023-12-31	$5,968,284
Value of fidelity bond covering the plan	2023-12-31	$500,000
Assets. Value of tangible personal property	2023-12-31	$0
Total contributions received or receivable from participants	2023-12-31	$559,348
Assets. Value of loans (other than to participants)	2023-12-31	$0
Expenses. Other expenses not covered elsewhere	2023-12-31	$0
Contributions received from other sources (not participants or employers)	2023-12-31	$40,882
Other income received	2023-12-31	$1,326,390
Noncash contributions received	2023-12-31	$0
Net income (gross income less expenses)	2023-12-31	$2,112,686
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$8,080,970
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$5,968,284
Assets. Value of participant loans	2023-12-31	$95,081
Assets. Value of assets in partnership/joint-venture interests	2023-12-31	$0
Assets. Value of real-estate (other than employer real property)	2023-12-31	$0
Assets. Value of employer securities	2023-12-31	$0
Assets. Value of employer real property	2023-12-31	$0
Total contributions received or receivable from employer(s)	2023-12-31	$373,125
Value of certain deemed distributions of participant loans	2023-12-31	$0
Value of corrective distributions	2023-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$40,144
2022 : MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$-635,237
Expenses. Total of all expenses incurred	2022-12-31	$297,333
Benefits paid (including direct rollovers)	2022-12-31	$258,506
Total plan assets at end of year	2022-12-31	$5,968,284
Total plan assets at beginning of year	2022-12-31	$6,900,854
Value of fidelity bond covering the plan	2022-12-31	$500,000
Assets. Value of tangible personal property	2022-12-31	$0
Total contributions received or receivable from participants	2022-12-31	$377,888
Assets. Value of loans (other than to participants)	2022-12-31	$0
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$104,210
Other income received	2022-12-31	$-1,305,329
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-932,570
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$5,968,284
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$6,900,854
Assets. Value of participant loans	2022-12-31	$93,921
Assets. Value of assets in partnership/joint-venture interests	2022-12-31	$0
Assets. Value of real-estate (other than employer real property)	2022-12-31	$0
Assets. Value of employer securities	2022-12-31	$0
Assets. Value of employer real property	2022-12-31	$0
Total contributions received or receivable from employer(s)	2022-12-31	$187,994
Value of certain deemed distributions of participant loans	2022-12-31	$2,027
Value of corrective distributions	2022-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$36,800
2021 : MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$1,266,628
Expenses. Total of all expenses incurred	2021-12-31	$599,902
Benefits paid (including direct rollovers)	2021-12-31	$558,061
Total plan assets at end of year	2021-12-31	$6,900,854
Total plan assets at beginning of year	2021-12-31	$6,234,128
Value of fidelity bond covering the plan	2021-12-31	$500,000
Total contributions received or receivable from participants	2021-12-31	$329,943
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$0
Other income received	2021-12-31	$762,803
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$666,726
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$6,900,854
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$6,234,128
Assets. Value of participant loans	2021-12-31	$98,952
Total contributions received or receivable from employer(s)	2021-12-31	$173,882
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$41,841
2020 : MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$1,171,322
Expenses. Total of all expenses incurred	2020-12-31	$30,550
Benefits paid (including direct rollovers)	2020-12-31	$24,852
Total plan assets at end of year	2020-12-31	$6,234,128
Total plan assets at beginning of year	2020-12-31	$5,093,356
Value of fidelity bond covering the plan	2020-12-31	$500,000
Total contributions received or receivable from participants	2020-12-31	$277,600
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$0
Other income received	2020-12-31	$893,722
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$1,140,772
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$6,234,128
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$5,093,356
Assets. Value of participant loans	2020-12-31	$47,856
Total contributions received or receivable from employer(s)	2020-12-31	$0
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$5,698

Form 5500 Responses for MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN

2023: MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: MOTOR CITY WASH WORKS, INC. 401( K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	MOTOR CITY WASH WORKS, INC.
Employer identification number (EIN):	743103694
NAIC Classification:	336300