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SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 401k Plan overview

Plan NameSOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN
Plan identification number 001

SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

SOUTHERN STATES AUTOMOTIVE MGMT. GR has sponsored the creation of one or more 401k plans.

Company Name:SOUTHERN STATES AUTOMOTIVE MGMT. GR
Employer identification number (EIN):820793290
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01LISA BURCH LISA BURCH2018-10-11

Plan Statistics for SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN

401k plan membership statisitcs for SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN

Measure Date Value
2023: SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01190
Total number of active participants reported on line 7a of the Form 55002023-01-01138
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0184
Total of all active and inactive participants2023-01-01222
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01222
Number of participants with account balances2023-01-01204
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-0131
2022: SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01149
Total number of active participants reported on line 7a of the Form 55002022-01-01130
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0155
Total of all active and inactive participants2022-01-01185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01185
Number of participants with account balances2022-01-01148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01176
Total number of active participants reported on line 7a of the Form 55002021-01-0179
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0148
Total of all active and inactive participants2021-01-01127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01127
Number of participants with account balances2021-01-01111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01106
Total number of active participants reported on line 7a of the Form 55002020-01-01137
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0136
Total of all active and inactive participants2020-01-01173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01173
Number of participants with account balances2020-01-01149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01150
Total number of active participants reported on line 7a of the Form 55002019-01-0174
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0132
Total of all active and inactive participants2019-01-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01106
Number of participants with account balances2019-01-0194
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01172
Total number of active participants reported on line 7a of the Form 55002018-01-01115
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0134
Total of all active and inactive participants2018-01-01149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01149
Number of participants with account balances2018-01-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01155
Total number of active participants reported on line 7a of the Form 55002017-01-01129
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0141
Total of all active and inactive participants2017-01-01170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01170
Number of participants with account balances2017-01-01115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010

Financial Data on SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN

Measure Date Value
2023 : SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$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$1,471,833
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$735,218
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$695,407
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$693,226
Value of total assets at end of year2023-12-31$4,591,768
Value of total assets at beginning of year2023-12-31$3,855,153
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$39,811
Total interest from all sources2023-12-31$1,732
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$83,408
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$83,408
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$451,855
Participant contributions at end of year2023-12-31$25,310
Participant contributions at beginning of year2023-12-31$33,652
Participant contributions at end of year2023-12-31$7,864
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$2,229
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$736,615
Value of net assets at end of year (total assets less liabilities)2023-12-31$4,591,768
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$3,855,153
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$18,572
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$4,288,846
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$3,525,408
Interest on participant loans2023-12-31$1,732
Income. Interest from loans (other than to participants)2023-12-31$0
Value of interest in common/collective trusts at end of year2023-12-31$226,932
Value of interest in common/collective trusts at beginning of year2023-12-31$296,093
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$687,208
Net investment gain or loss from common/collective trusts2023-12-31$6,259
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$239,142
Employer contributions (assets) at end of year2023-12-31$42,816
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$695,407
Contract administrator fees2023-12-31$21,239
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31ELLIOTT GROUP CPA'S, PLLC
Accountancy firm EIN2023-12-31454771754
2022 : SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$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$0
Total income from all sources (including contributions)2022-12-31$-545,420
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$563,799
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$515,246
Value of total corrective distributions2022-12-31$15,690
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$353,989
Value of total assets at end of year2022-12-31$3,855,153
Value of total assets at beginning of year2022-12-31$4,964,372
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$32,863
Total interest from all sources2022-12-31$2,351
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$60,175
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$60,175
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$353,989
Participant contributions at end of year2022-12-31$33,652
Participant contributions at beginning of year2022-12-31$52,449
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$3,881
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,109,219
Value of net assets at end of year (total assets less liabilities)2022-12-31$3,855,153
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$4,964,372
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$18,901
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$3,525,408
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$4,581,592
Interest on participant loans2022-12-31$2,351
Income. Interest from loans (other than to participants)2022-12-31$0
Value of interest in common/collective trusts at end of year2022-12-31$296,093
Value of interest in common/collective trusts at beginning of year2022-12-31$326,450
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-967,976
Net investment gain or loss from common/collective trusts2022-12-31$6,041
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$515,246
Contract administrator fees2022-12-31$13,962
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31ELLIOTT GROUP CPA'S, PLLC
Accountancy firm EIN2022-12-31454771754
2021 : SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$1,047,238
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$831,620
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$804,049
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$293,763
Value of total assets at end of year2021-12-31$4,964,372
Value of total assets at beginning of year2021-12-31$4,748,754
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$27,571
Total interest from all sources2021-12-31$3,284
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$62,604
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$62,604
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$293,763
Participant contributions at end of year2021-12-31$52,449
Participant contributions at beginning of year2021-12-31$50,242
Participant contributions at end of year2021-12-31$3,881
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$215,618
Value of net assets at end of year (total assets less liabilities)2021-12-31$4,964,372
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$4,748,754
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$17,536
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$4,581,592
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$4,155,300
Interest on participant loans2021-12-31$3,284
Income. Interest from loans (other than to participants)2021-12-31$0
Value of interest in common/collective trusts at end of year2021-12-31$326,450
Value of interest in common/collective trusts at beginning of year2021-12-31$543,212
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$686,452
Net investment gain or loss from common/collective trusts2021-12-31$1,135
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$804,049
Contract administrator fees2021-12-31$10,035
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31Yes
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31ELLIOTT GROUP CPA'S, PLLC
Accountancy firm EIN2021-12-31454771754
2020 : SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$818,805
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$258,984
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$215,144
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$173,577
Value of total assets at end of year2020-12-31$4,748,754
Value of total assets at beginning of year2020-12-31$4,188,933
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$43,840
Total interest from all sources2020-12-31$5,230
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$98,667
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$98,667
Administrative expenses professional fees incurred2020-12-31$28,621
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$173,577
Participant contributions at end of year2020-12-31$50,242
Participant contributions at beginning of year2020-12-31$63,369
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$559,821
Value of net assets at end of year (total assets less liabilities)2020-12-31$4,748,754
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$4,188,933
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$15,219
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$4,155,300
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$3,410,869
Interest on participant loans2020-12-31$5,230
Value of interest in common/collective trusts at end of year2020-12-31$543,212
Value of interest in common/collective trusts at beginning of year2020-12-31$711,199
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$145,537
Net investment gain or loss from common/collective trusts2020-12-31$395,794
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Employer contributions (assets) at beginning of year2020-12-31$3,496
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$215,144
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31ELLIOTT GROUP CPA'S, PLLC
Accountancy firm EIN2020-12-31454771754
2019 : SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$891,051
Total income from all sources (including contributions)2019-12-31$891,051
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$814,112
Total of all expenses incurred2019-12-31$814,112
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$771,457
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$771,457
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$164,803
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$164,803
Value of total assets at end of year2019-12-31$4,188,933
Value of total assets at end of year2019-12-31$4,188,933
Value of total assets at beginning of year2019-12-31$4,111,994
Value of total assets at beginning of year2019-12-31$4,111,994
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$42,655
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$42,655
Total interest from all sources2019-12-31$3,707
Total interest from all sources2019-12-31$3,707
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$95,349
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$95,349
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$95,349
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$95,349
Administrative expenses professional fees incurred2019-12-31$24,871
Administrative expenses professional fees incurred2019-12-31$24,871
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$164,803
Contributions received from participants2019-12-31$164,803
Participant contributions at end of year2019-12-31$63,369
Participant contributions at end of year2019-12-31$63,369
Participant contributions at beginning of year2019-12-31$63,754
Participant contributions at beginning of year2019-12-31$63,754
Participant contributions at end of year2019-12-31$3,496
Participant contributions at end of year2019-12-31$3,496
Participant contributions at beginning of year2019-12-31$-4,465
Participant contributions at beginning of year2019-12-31$-4,465
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$76,939
Value of net income/loss2019-12-31$76,939
Value of net assets at end of year (total assets less liabilities)2019-12-31$4,188,933
Value of net assets at end of year (total assets less liabilities)2019-12-31$4,188,933
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$4,111,994
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$4,111,994
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$17,784
Investment advisory and management fees2019-12-31$17,784
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$3,410,869
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$3,410,869
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$3,115,952
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$3,115,952
Interest on participant loans2019-12-31$3,707
Interest on participant loans2019-12-31$3,707
Value of interest in common/collective trusts at end of year2019-12-31$711,199
Value of interest in common/collective trusts at end of year2019-12-31$711,199
Value of interest in common/collective trusts at beginning of year2019-12-31$936,753
Value of interest in common/collective trusts at beginning of year2019-12-31$936,753
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$610,330
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$610,330
Net investment gain/loss from pooled separate accounts2019-12-31$16,862
Net investment gain/loss from pooled separate accounts2019-12-31$16,862
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$771,457
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$771,457
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31ELIOTT GROUP CPAS, PLLC
Accountancy firm name2019-12-31ELIOTT GROUP CPAS, PLLC
Accountancy firm EIN2019-12-31454771754
Accountancy firm EIN2019-12-31454771754
2018 : SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$10,617
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$405,282
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$349,242
Value of total corrective distributions2018-12-31$11,309
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$201,160
Value of total assets at end of year2018-12-31$4,111,994
Value of total assets at beginning of year2018-12-31$4,506,659
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$44,731
Total interest from all sources2018-12-31$3,498
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$234,289
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$234,289
Administrative expenses professional fees incurred2018-12-31$26,098
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$168,236
Participant contributions at end of year2018-12-31$63,754
Participant contributions at beginning of year2018-12-31$40,440
Participant contributions at end of year2018-12-31$-4,465
Participant contributions at beginning of year2018-12-31$-941
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$32,924
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-394,665
Value of net assets at end of year (total assets less liabilities)2018-12-31$4,111,994
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$4,506,659
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$3,115,952
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$3,515,210
Interest on participant loans2018-12-31$3,498
Value of interest in common/collective trusts at end of year2018-12-31$936,753
Value of interest in common/collective trusts at beginning of year2018-12-31$951,950
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-446,691
Net investment gain or loss from common/collective trusts2018-12-31$18,361
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31Yes
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$349,242
Contract administrator fees2018-12-31$18,633
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31ELIOTT GROUP CPAS,PLLC
Accountancy firm EIN2018-12-31454771754
2017 : SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$813,638
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$591,776
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$549,781
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$185,030
Value of total assets at end of year2017-12-31$4,506,659
Value of total assets at beginning of year2017-12-31$4,284,797
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$41,995
Total interest from all sources2017-12-31$716
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$131,487
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$131,487
Administrative expenses professional fees incurred2017-12-31$24,386
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$185,030
Participant contributions at end of year2017-12-31$40,440
Participant contributions at beginning of year2017-12-31$4,569
Participant contributions at end of year2017-12-31$-941
Participant contributions at beginning of year2017-12-31$4,167
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$221,862
Value of net assets at end of year (total assets less liabilities)2017-12-31$4,506,659
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$4,284,797
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$17,609
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$3,515,210
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$3,352,186
Interest on participant loans2017-12-31$716
Value of interest in common/collective trusts at end of year2017-12-31$951,950
Value of interest in common/collective trusts at beginning of year2017-12-31$923,875
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$480,352
Net investment gain or loss from common/collective trusts2017-12-31$16,053
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$549,781
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31ELLIOTT GROUP CPAS, PLLC
Accountancy firm EIN2017-12-31454771754

Form 5500 Responses for SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN

2023: SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SOUTHERN STATES AUTOMOTIVE MGMT. GROUP, LLC 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

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