IBE ENTERPRISES, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan ELDER AUTOMOTIVE GROUP 401(K) PLAN
| Measure | Date | Value |
|---|
| 2023 : ELDER AUTOMOTIVE GROUP 401(K) PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total income from all sources (including contributions) | 2023-12-31 | $1,027,570 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $807,590 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $751,661 |
| Expenses. Certain deemed distributions of participant loans | 2023-12-31 | $15,375 |
| Value of total corrective distributions | 2023-12-31 | $2,617 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $247,658 |
| Value of total assets at end of year | 2023-12-31 | $5,843,619 |
| Value of total assets at beginning of year | 2023-12-31 | $5,623,639 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $37,937 |
| Total interest from all sources | 2023-12-31 | $2,281 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $32,039 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $32,039 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $234,547 |
| Participant contributions at end of year | 2023-12-31 | $41,790 |
| Participant contributions at beginning of year | 2023-12-31 | $77,606 |
| Participant contributions at end of year | 2023-12-31 | $0 |
| Participant contributions at beginning of year | 2023-12-31 | $806 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Income. Non cash contributions | 2023-12-31 | $0 |
| Value of net income/loss | 2023-12-31 | $219,980 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $5,843,619 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $5,623,639 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $2,157,006 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $1,370,751 |
| Interest on participant loans | 2023-12-31 | $2,281 |
| Value of interest in common/collective trusts at end of year | 2023-12-31 | $3,498,333 |
| Value of interest in common/collective trusts at beginning of year | 2023-12-31 | $4,037,623 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $133,379 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $123,081 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $745,592 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $13,111 |
| Employer contributions (assets) at end of year | 2023-12-31 | $13,111 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $13,772 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $751,661 |
| Contract administrator fees | 2023-12-31 | $37,937 |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | PLANTE & MORAN, PLLC |
| Accountancy firm EIN | 2023-12-31 | 381357951 |
| 2022 : ELDER AUTOMOTIVE GROUP 401(K) PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $-1,244,356 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $5,866,678 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $5,711,518 |
| Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $2,547 |
| Value of total corrective distributions | 2022-12-31 | $91,598 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $266,837 |
| Value of total assets at end of year | 2022-12-31 | $5,623,639 |
| Value of total assets at beginning of year | 2022-12-31 | $12,734,673 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $61,015 |
| Total interest from all sources | 2022-12-31 | $3,482 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $36,251 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $36,251 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $244,675 |
| Participant contributions at end of year | 2022-12-31 | $77,606 |
| Participant contributions at beginning of year | 2022-12-31 | $82,953 |
| Participant contributions at end of year | 2022-12-31 | $806 |
| Participant contributions at beginning of year | 2022-12-31 | $2,784 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $7,901 |
| Total non interest bearing cash at end of year | 2022-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2022-12-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Income. Non cash contributions | 2022-12-31 | $0 |
| Value of net income/loss | 2022-12-31 | $-7,111,034 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $5,623,639 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $12,734,673 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Investment advisory and management fees | 2022-12-31 | $61,015 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $1,370,751 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $2,106,687 |
| Interest on participant loans | 2022-12-31 | $3,482 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $4,037,623 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $10,371,568 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $123,081 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $117,868 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,550,926 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $14,261 |
| Employer contributions (assets) at end of year | 2022-12-31 | $13,772 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $52,813 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $5,711,518 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | PLANTE & MORAN, PLLC |
| Accountancy firm EIN | 2022-12-31 | 381357951 |
