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INFINITI OF THOUSAND OAKS, VOLVO OF CALABASAS, NISSAN OF VALENCIA 401(K) PROFIT SHARING PLAN I 401k Plan overview

Plan NameINFINITI OF THOUSAND OAKS, VOLVO OF CALABASAS, NISSAN OF VALENCIA 401(K) PROFIT SHARING PLAN I
Plan identification number 001

INFINITI OF THOUSAND OAKS, VOLVO OF CALABASAS, NISSAN OF VALENCIA 401(K) PROFIT SHARING PLAN I 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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

ACHIEVEMENT AUTOMOTIVE GROUP, LLC has sponsored the creation of one or more 401k plans.

Company Name:ACHIEVEMENT AUTOMOTIVE GROUP, LLC
Employer identification number (EIN):770529392
NAIC Classification:441110
NAIC Description:New Car Dealers

Additional information about ACHIEVEMENT AUTOMOTIVE GROUP, LLC

Jurisdiction of Incorporation: California Department of State
Incorporation Date:
Company Identification Number: 199920110093

More information about ACHIEVEMENT AUTOMOTIVE GROUP, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INFINITI OF THOUSAND OAKS, VOLVO OF CALABASAS, NISSAN OF VALENCIA 401(K) PROFIT SHARING PLAN I

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CELESTE JONES2024-07-29
0012022-01-01CELESTE JONES2023-08-31
0012021-01-01CELESTE JONES2022-05-25
0012020-01-01CELESTE JONES2021-08-11
0012019-01-01STEVE LAPIN2020-09-29
0012018-01-01STEVE LAPIN2019-10-15
0012017-01-01STEVE LAPIN2018-07-24
0012016-01-01STEVE LAPIN2017-07-14
0012015-01-01STEVE LAPIN2016-09-16
0012014-01-01STEVE LAPIN2015-07-29
0012013-01-01STEVE LAPIN2014-10-06
0012012-01-01STEVE LAPIN2013-10-11
0012011-01-01STEVE LAPIN2012-10-12
0012010-01-01STEVE LAPIN

Plan Statistics for INFINITI OF THOUSAND OAKS, VOLVO OF CALABASAS, NISSAN OF VALENCIA 401(K) PROFIT SHARING PLAN I

401k plan membership statisitcs for INFINITI OF THOUSAND OAKS, VOLVO OF CALABASAS, NISSAN OF VALENCIA 401(K) PROFIT SHARING PLAN I

Measure Date Value
2010: INFINITI OF THOUSAND OAKS, VOLVO OF CALABASAS, NISSAN OF VALENCIA 401(K) PROFIT SHARING PLAN I 2010 401k membership
Total participants, beginning-of-year2010-01-01130
Total number of active participants reported on line 7a of the Form 55002010-01-0148
Number of other retired or separated participants entitled to future benefits2010-01-013
Total of all active and inactive participants2010-01-0151
Total participants2010-01-0151
Number of participants with account balances2010-01-0141

Financial Data on INFINITI OF THOUSAND OAKS, VOLVO OF CALABASAS, NISSAN OF VALENCIA 401(K) PROFIT SHARING PLAN I

Measure Date Value
2010 : INFINITI OF THOUSAND OAKS, VOLVO OF CALABASAS, NISSAN OF VALENCIA 401(K) PROFIT SHARING PLAN I 2010 401k financial data
Total transfer of assets from this plan2010-12-31$357,076
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$4,068
Total income from all sources (including contributions)2010-12-31$458,904
Total of all expenses incurred2010-12-31$165,529
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$163,032
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$268,959
Value of total assets at end of year2010-12-31$1,655,298
Value of total assets at beginning of year2010-12-31$1,714,931
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$2,497
Total interest from all sources2010-12-31$8,080
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$905
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$905
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$300,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$187,711
Participant contributions at end of year2010-12-31$83,404
Participant contributions at beginning of year2010-12-31$118,497
Participant contributions at end of year2010-12-31$100
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$5,335
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$4,068
Administrative expenses (other) incurred2010-12-31$2,497
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$293,375
Value of net assets at end of year (total assets less liabilities)2010-12-31$1,651,230
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$1,714,931
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in pooled separate accounts at end of year2010-12-31$1,571,350
Value of interest in pooled separate accounts at beginning of year2010-12-31$1,594,941
Interest on participant loans2010-12-31$8,080
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$180,960
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$75,913
Employer contributions (assets) at end of year2010-12-31$444
Employer contributions (assets) at beginning of year2010-12-31$1,493
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$163,032
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31CNM, LLP
Accountancy firm EIN2010-12-31651202484

Form 5500 Responses for INFINITI OF THOUSAND OAKS, VOLVO OF CALABASAS, NISSAN OF VALENCIA 401(K) PROFIT SHARING PLAN I

2010: INFINITI OF THOUSAND OAKS, VOLVO OF CALABASAS, NISSAN OF VALENCIA 401(K) PROFIT SHARING PLAN I 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-805006
Policy instance 1
Insurance contract or identification numberGA-805006
Number of Individuals Covered61
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $6,448
Total amount of fees paid to insurance companyUSD $269
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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