Logo

HONDA OF DOWNTOWN CHICAGO 401(K) PLAN 401k Plan overview

Plan NameHONDA OF DOWNTOWN CHICAGO 401(K) PLAN
Plan identification number 001

HONDA OF DOWNTOWN CHICAGO 401(K) PLAN 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.
  • 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

MAR CHI DBA HONDA OF DOWNTOWN CHICAGO has sponsored the creation of one or more 401k plans.

Company Name:MAR CHI DBA HONDA OF DOWNTOWN CHICAGO
Employer identification number (EIN):823153617
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HONDA OF DOWNTOWN CHICAGO 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
0012020-01-01
0012019-01-01
0012018-01-01

Plan Statistics for HONDA OF DOWNTOWN CHICAGO 401(K) PLAN

401k plan membership statisitcs for HONDA OF DOWNTOWN CHICAGO 401(K) PLAN

Measure Date Value
2023: HONDA OF DOWNTOWN CHICAGO 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01166
Total number of active participants reported on line 7a of the Form 55002023-01-01148
Number of retired or separated participants receiving benefits2023-01-012
Number of other retired or separated participants entitled to future benefits2023-01-0145
Total of all active and inactive participants2023-01-01195
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01195
Number of participants with account balances2023-01-0191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: HONDA OF DOWNTOWN CHICAGO 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01133
Total number of active participants reported on line 7a of the Form 55002022-01-0197
Number of retired or separated participants receiving benefits2022-01-013
Number of other retired or separated participants entitled to future benefits2022-01-0139
Total of all active and inactive participants2022-01-01139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01139
Number of participants with account balances2022-01-0187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: HONDA OF DOWNTOWN CHICAGO 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01134
Total number of active participants reported on line 7a of the Form 55002021-01-0191
Number of retired or separated participants receiving benefits2021-01-014
Number of other retired or separated participants entitled to future benefits2021-01-0132
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 balances2021-01-0181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: HONDA OF DOWNTOWN CHICAGO 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0194
Total number of active participants reported on line 7a of the Form 55002020-01-01101
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-0126
Total of all active and inactive participants2020-01-01128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01128
Number of participants with account balances2020-01-0180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on HONDA OF DOWNTOWN CHICAGO 401(K) PLAN

Measure Date Value
2023 : HONDA OF DOWNTOWN CHICAGO 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$12,845
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$17,412
Total income from all sources (including contributions)2023-12-31$873,033
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$699,883
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$666,247
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$389,498
Value of total assets at end of year2023-12-31$2,942,961
Value of total assets at beginning of year2023-12-31$2,774,378
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$33,636
Total interest from all sources2023-12-31$13,611
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$71,697
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$71,697
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$275,697
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$343,066
Participant contributions at end of year2023-12-31$161,851
Participant contributions at beginning of year2023-12-31$83,698
Participant contributions at end of year2023-12-31$860
Participant contributions at beginning of year2023-12-31$1,012
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$22,175
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$12,845
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-12-31$17,412
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$173,150
Value of net assets at end of year (total assets less liabilities)2023-12-31$2,930,116
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$2,756,966
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$16,503
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$2,760,372
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$2,668,559
Interest on participant loans2023-12-31$13,611
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$398,227
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 contributions2023-12-31Yes
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$24,257
Employer contributions (assets) at end of year2023-12-31$19,878
Employer contributions (assets) at beginning of year2023-12-31$21,109
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$666,247
Contract administrator fees2023-12-31$6,818
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 name2023-12-31PAAST, P.L.
Accountancy firm EIN2023-12-31650942623
2022 : HONDA OF DOWNTOWN CHICAGO 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$17,412
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-48,078
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$128,877
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$81,621
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$497,306
Value of total assets at end of year2022-12-31$2,774,378
Value of total assets at beginning of year2022-12-31$2,933,921
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$47,256
Total interest from all sources2022-12-31$1,508
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$47,256
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$293,393
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$398,623
Participant contributions at end of year2022-12-31$83,698
Participant contributions at beginning of year2022-12-31$41,848
Participant contributions at end of year2022-12-31$1,012
Participant contributions at beginning of year2022-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$72,852
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$17,412
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-176,955
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,756,966
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,933,921
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$2,668,559
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$2,892,073
Interest on participant loans2022-12-31$1,508
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-546,892
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 contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$25,831
Employer contributions (assets) at end of year2022-12-31$21,109
Employer contributions (assets) at beginning of year2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$81,621
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 name2022-12-31PAAST, P.L.
Accountancy firm EIN2022-12-31650942623
2021 : HONDA OF DOWNTOWN CHICAGO 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$734,538
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$175,104
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$123,028
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$329,146
Value of total assets at end of year2021-12-31$2,933,921
Value of total assets at beginning of year2021-12-31$2,374,487
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$52,076
Total interest from all sources2021-12-31$220
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Administrative expenses professional fees incurred2021-12-31$52,076
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$238,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$299,488
Participant contributions at end of year2021-12-31$41,848
Participant contributions at beginning of year2021-12-31$6,994
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$1,677
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$559,434
Value of net assets at end of year (total assets less liabilities)2021-12-31$2,933,921
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,374,487
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$2,892,073
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$2,345,748
Interest on participant loans2021-12-31$220
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$405,172
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 contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$27,981
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$21,745
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$123,028
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 name2021-12-31PAAST, P.L.
Accountancy firm EIN2021-12-31650942623
2020 : HONDA OF DOWNTOWN CHICAGO 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$899,331
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$60,521
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$42,115
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$574,367
Value of total assets at end of year2020-12-31$1,953,621
Value of total assets at beginning of year2020-12-31$1,114,811
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$18,406
Total interest from all sources2020-12-31$1,443
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$150,000
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$277,258
Participant contributions at end of year2020-12-31$8,123
Participant contributions at beginning of year2020-12-31$8,123
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$272,455
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$838,810
Value of net assets at end of year (total assets less liabilities)2020-12-31$1,953,621
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$1,114,811
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$1,945,498
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$1,106,688
Interest on participant loans2020-12-31$1,443
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$323,521
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 contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$24,654
Employer contributions (assets) at end of year2020-12-31$21,745
Employer contributions (assets) at beginning of year2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$42,115
Contract administrator fees2020-12-31$18,406
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 name2020-12-31PAAST, P.L.
Accountancy firm EIN2020-12-31650942623

Form 5500 Responses for HONDA OF DOWNTOWN CHICAGO 401(K) PLAN

2023: HONDA OF DOWNTOWN CHICAGO 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 – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: HONDA OF DOWNTOWN CHICAGO 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 – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: HONDA OF DOWNTOWN CHICAGO 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 – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: HONDA OF DOWNTOWN CHICAGO 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 – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1