401k Plan data: S SQUARED MOTORSPORTS RETIREMENT PLAN plan

S SQUARED MOTORSPORTS RETIREMENT PLAN 401k Plan overview

Plan Name	S SQUARED MOTORSPORTS RETIREMENT PLAN
Plan identification number	001

S SQUARED MOTORSPORTS RETIREMENT PLAN Benefits

401k Plan Type

Defined 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

S SQUARED MOTORSPORTS, INC. has sponsored the creation of one or more 401k plans.

Company Name: S SQUARED MOTORSPORTS, INC.

Employer identification number (EIN): 823420512

NAIC Classification: 441228
NAIC Description: Motorcycle, ATV, and All Other Motor Vehicle Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan S SQUARED MOTORSPORTS RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01

Plan Statistics for S SQUARED MOTORSPORTS RETIREMENT PLAN

401k plan membership statisitcs for S SQUARED MOTORSPORTS RETIREMENT PLAN

Measure Date Value
2023: S SQUARED MOTORSPORTS RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 3
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 0
Total of all active and inactive participants 2023-01-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 3
Number of participants with account balances 2023-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: S SQUARED MOTORSPORTS RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 4
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 4
Number of participants with account balances 2022-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: S SQUARED MOTORSPORTS RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 4
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 0
Total of all active and inactive participants 2021-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 4
Number of participants with account balances 2021-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: S SQUARED MOTORSPORTS RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 4
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 4
Number of participants with account balances 2020-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: S SQUARED MOTORSPORTS RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 4
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 0
Total of all active and inactive participants 2019-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 4
Number of participants with account balances 2019-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: S SQUARED MOTORSPORTS RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 2
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 2
Number of participants with account balances 2018-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0

Measure	Date	Value
2023: S SQUARED MOTORSPORTS RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	3
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	0
Total of all active and inactive participants	2023-01-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	3
Number of participants with account balances	2023-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: S SQUARED MOTORSPORTS RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	4
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	4
Number of participants with account balances	2022-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: S SQUARED MOTORSPORTS RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	4
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	0
Total of all active and inactive participants	2021-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	4
Number of participants with account balances	2021-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: S SQUARED MOTORSPORTS RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	4
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	4
Number of participants with account balances	2020-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: S SQUARED MOTORSPORTS RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	4
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	0
Total of all active and inactive participants	2019-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	4
Number of participants with account balances	2019-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: S SQUARED MOTORSPORTS RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	2
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	2
Number of participants with account balances	2018-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0

Financial Data on S SQUARED MOTORSPORTS RETIREMENT PLAN

Measure	Date	Value
2023 : S SQUARED MOTORSPORTS RETIREMENT PLAN 2023 401k financial data
Total income from all sources	2023-12-31	$-62,675
Expenses. Total of all expenses incurred	2023-12-31	$176
Total plan assets at end of year	2023-12-31	$160,341
Total plan assets at beginning of year	2023-12-31	$223,192
Value of fidelity bond covering the plan	2023-12-31	$50,000
Total contributions received or receivable from participants	2023-12-31	$3,930
Other income received	2023-12-31	$-69,749
Net income (gross income less expenses)	2023-12-31	$-62,851
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$160,341
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$223,192
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2023-12-31	$144
Assets. Value of employer securities	2023-12-31	$125,000
Total contributions received or receivable from employer(s)	2023-12-31	$3,144
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$176
2022 : S SQUARED MOTORSPORTS RETIREMENT PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$14,686
Expenses. Total of all expenses incurred	2022-12-31	$127
Total plan assets at end of year	2022-12-31	$223,192
Total plan assets at beginning of year	2022-12-31	$208,633
Value of fidelity bond covering the plan	2022-12-31	$50,000
Total contributions received or receivable from participants	2022-12-31	$3,750
Other income received	2022-12-31	$7,811
Net income (gross income less expenses)	2022-12-31	$14,559
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$223,192
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$208,633
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2022-12-31	$288
Assets. Value of employer securities	2022-12-31	$200,000
Total contributions received or receivable from employer(s)	2022-12-31	$3,125
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$127
2021 : S SQUARED MOTORSPORTS RETIREMENT PLAN 2021 401k financial data
Total plan liabilities at beginning of year	2021-12-31	$400
Total income from all sources	2021-12-31	$129,553
Expenses. Total of all expenses incurred	2021-12-31	$75
Total plan assets at end of year	2021-12-31	$208,633
Total plan assets at beginning of year	2021-12-31	$79,555
Value of fidelity bond covering the plan	2021-12-31	$50,000
Total contributions received or receivable from participants	2021-12-31	$3,721
Other income received	2021-12-31	$122,855
Net income (gross income less expenses)	2021-12-31	$129,478
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$208,633
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$79,155
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2021-12-31	$519
Assets. Value of employer securities	2021-12-31	$188,549
Total contributions received or receivable from employer(s)	2021-12-31	$2,977
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$75
2020 : S SQUARED MOTORSPORTS RETIREMENT PLAN 2020 401k financial data
Total plan liabilities at end of year	2020-12-31	$400
Total income from all sources	2020-12-31	$-60,462
Expenses. Total of all expenses incurred	2020-12-31	$13,926
Benefits paid (including direct rollovers)	2020-12-31	$13,730
Total plan assets at end of year	2020-12-31	$79,555
Total plan assets at beginning of year	2020-12-31	$153,543
Value of fidelity bond covering the plan	2020-12-31	$50,000
Total contributions received or receivable from participants	2020-12-31	$3,100
Other income received	2020-12-31	$-66,042
Net income (gross income less expenses)	2020-12-31	$-74,388
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$79,155
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$153,543
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2020-12-31	$231
Assets. Value of employer securities	2020-12-31	$67,831
Total contributions received or receivable from employer(s)	2020-12-31	$2,480
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$196
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : S SQUARED MOTORSPORTS RETIREMENT PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$5,528
Expenses. Total of all expenses incurred	2019-12-31	$23
Total plan assets at end of year	2019-12-31	$153,543
Total plan assets at beginning of year	2019-12-31	$148,038
Value of fidelity bond covering the plan	2019-12-31	$50,000
Total contributions received or receivable from participants	2019-12-31	$2,346
Other income received	2019-12-31	$1,168
Net income (gross income less expenses)	2019-12-31	$5,505
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$153,543
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$148,038
Assets. Value of employer securities	2019-12-31	$135,261
Total contributions received or receivable from employer(s)	2019-12-31	$2,014
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$23
2018 : S SQUARED MOTORSPORTS RETIREMENT PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$148,041
Expenses. Total of all expenses incurred	2018-12-31	$3
Total plan assets at end of year	2018-12-31	$148,038
Contributions received from other sources (not participants or employers)	2018-12-31	$162,776
Other income received	2018-12-31	$-14,735
Net income (gross income less expenses)	2018-12-31	$148,038
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$148,038
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$0
Assets. Value of employer securities	2018-12-31	$135,261
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$3

Form 5500 Responses for S SQUARED MOTORSPORTS RETIREMENT PLAN

2023: S SQUARED MOTORSPORTS RETIREMENT PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: S SQUARED MOTORSPORTS RETIREMENT PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: S SQUARED MOTORSPORTS RETIREMENT PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: S SQUARED MOTORSPORTS RETIREMENT PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: S SQUARED MOTORSPORTS RETIREMENT PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: S SQUARED MOTORSPORTS RETIREMENT PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	First time form 5500 has been submitted	Yes
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	S SQUARED MOTORSPORTS, INC.
Employer identification number (EIN):	823420512
NAIC Classification:	441228
NAIC Description:	Motorcycle, ATV, and All Other Motor Vehicle Dealers