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HONDA OF WINSTON-SALEM 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameHONDA OF WINSTON-SALEM 401(K) PROFIT SHARING PLAN
Plan identification number 001

HONDA OF WINSTON-SALEM 401(K) PROFIT SHARING 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

C.H. APPLE POWERSPORTS, INC. DBA HONDA OF has sponsored the creation of one or more 401k plans.

Company Name:C.H. APPLE POWERSPORTS, INC. DBA HONDA OF
Employer identification number (EIN):943414447
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 HONDA OF WINSTON-SALEM 401(K) PROFIT SHARING 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
0012010-01-01JANET LOCKLEAR2011-10-26 JANET LOCKLEAR2011-10-26
0012005-01-01JANET LOCKLEAR

Plan Statistics for HONDA OF WINSTON-SALEM 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for HONDA OF WINSTON-SALEM 401(K) PROFIT SHARING PLAN

Measure Date Value
2005: HONDA OF WINSTON-SALEM 401(K) PROFIT SHARING PLAN 2005 401k membership
Total participants, beginning-of-year2005-01-0120
Total number of active participants reported on line 7a of the Form 55002005-01-0120
Total of all active and inactive participants2005-01-0120
Total participants2005-01-0120
Number of participants with account balances2005-01-0110

Financial Data on HONDA OF WINSTON-SALEM 401(K) PROFIT SHARING PLAN

Measure Date Value
2008 : HONDA OF WINSTON-SALEM 401(K) PROFIT SHARING PLAN 2008 401k financial data
Total income from all sources2008-12-31$-4,504
Expenses. Total of all expenses incurred2008-12-31$15,842
Benefits paid (including direct rollovers)2008-12-31$15,842
Total plan assets at end of year2008-12-31$67,180
Total plan assets at beginning of year2008-12-31$87,526
Total contributions received or receivable from participants2008-12-31$6,079
Other income received2008-12-31$-10,583
Net income (gross income less expenses)2008-12-31$-20,346
Net plan assets at end of year (total assets less liabilities)2008-12-31$67,180
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$87,526
Assets. Value of participant loans2008-12-31$1,030
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022008-12-31$3,924
2006 : HONDA OF WINSTON-SALEM 401(K) PROFIT SHARING PLAN 2006 401k financial data
Total income from all sources2006-12-31$18,992
Expenses. Total of all expenses incurred2006-12-31$8,778
Benefits paid (including direct rollovers)2006-12-31$8,745
Total plan assets at end of year2006-12-31$78,109
Total plan assets at beginning of year2006-12-31$67,895
Total contributions received or receivable from participants2006-12-31$14,235
Expenses. Other expenses not covered elsewhere2006-12-31$33
Other income received2006-12-31$4,757
Net income (gross income less expenses)2006-12-31$10,214
Net plan assets at end of year (total assets less liabilities)2006-12-31$78,109
Net plan assets at beginning of year (total assets less liabilities)2006-12-31$67,895
Assets. Value of participant loans2006-12-31$1,400
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022006-12-31$752
2005 : HONDA OF WINSTON-SALEM 401(K) PROFIT SHARING PLAN 2005 401k financial data
Total income from all sources2005-12-31$18,809
Expenses. Total of all expenses incurred2005-12-31$3,010
Benefits paid (including direct rollovers)2005-12-31$2,974
Total plan assets at end of year2005-12-31$67,895
Total plan assets at beginning of year2005-12-31$52,096
Total contributions received or receivable from participants2005-12-31$17,532
Expenses. Other expenses not covered elsewhere2005-12-31$36
Other income received2005-12-31$1,277
Net income (gross income less expenses)2005-12-31$15,799
Net plan assets at end of year (total assets less liabilities)2005-12-31$67,895
Net plan assets at beginning of year (total assets less liabilities)2005-12-31$52,096
Assets. Value of participant loans2005-12-31$1,800
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022005-12-31$752

Form 5500 Responses for HONDA OF WINSTON-SALEM 401(K) PROFIT SHARING PLAN

2005: HONDA OF WINSTON-SALEM 401(K) PROFIT SHARING PLAN 2005 form 5500 responses
2005-01-01Type of plan entitySingle employer plan
2005-01-01Submission has been amendedNo
2005-01-01This submission is the final filingNo
2005-01-01This return/report is a short plan year return/report (less than 12 months)No
2005-01-01Plan is a collectively bargained planNo
2005-01-01Plan funding arrangement – InsuranceYes
2005-01-01Plan funding arrangement – TrustYes
2005-01-01Plan benefit arrangement – InsuranceYes
2005-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number800485
Policy instance 1
Insurance contract or identification number800485
Number of Individuals Covered11
Insurance policy start date2008-01-01
Insurance policy end date2008-12-31
Total amount of commissions paid to insurance brokerUSD $137
Total amount of fees paid to insurance companyUSD $250
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number800485
Policy instance 1
Insurance contract or identification number800485
Number of Individuals Covered19
Insurance policy start date2006-01-01
Insurance policy end date2006-12-31
Total amount of commissions paid to insurance brokerUSD $406
Total amount of fees paid to insurance companyUSD $190
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number800485
Policy instance 1
Insurance contract or identification number800485
Number of Individuals Covered20
Insurance policy start date2005-01-01
Insurance policy end date2005-12-31
Total amount of commissions paid to insurance brokerUSD $342
Total amount of fees paid to insurance companyUSD $152
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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