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SANTA MONICA BMW 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameSANTA MONICA BMW 401K PROFIT SHARING PLAN
Plan identification number 001

SANTA MONICA BMW 401K PROFIT SHARING 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.
  • 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

DEL MONTELL MOTORS, LTD. has sponsored the creation of one or more 401k plans.

Company Name:DEL MONTELL MOTORS, LTD.
Employer identification number (EIN):952863975
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 SANTA MONICA BMW 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01DEL MONTELL2018-03-28
0012016-01-01
0012015-01-01
0012014-01-01DEL MONTELL2015-08-12
0012013-01-01DEL MONTELL2014-05-19
0012012-01-01DEL MONTELL2013-07-15
0012011-01-01DEL MONTELL2012-05-29
0012009-01-01DEL MONTELL
0012009-01-01DEL MONTELL

Plan Statistics for SANTA MONICA BMW 401K PROFIT SHARING PLAN

401k plan membership statisitcs for SANTA MONICA BMW 401K PROFIT SHARING PLAN

Measure Date Value
2009: SANTA MONICA BMW 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01107
Total number of active participants reported on line 7a of the Form 55002009-01-0191
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-018
Total of all active and inactive participants2009-01-0199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0199
Number of participants with account balances2009-01-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on SANTA MONICA BMW 401K PROFIT SHARING PLAN

Measure Date Value
2010 : SANTA MONICA BMW 401K PROFIT SHARING PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$99,990
Expenses. Total of all expenses incurred2010-12-31$119,255
Benefits paid (including direct rollovers)2010-12-31$118,375
Total plan assets at end of year2010-12-31$515,676
Total plan assets at beginning of year2010-12-31$534,941
Value of fidelity bond covering the plan2010-12-31$100,000
Other income received2010-12-31$49,572
Net income (gross income less expenses)2010-12-31$-19,265
Net plan assets at end of year (total assets less liabilities)2010-12-31$515,676
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$534,941
Assets. Value of participant loans2010-12-31$24,111
Total contributions received or receivable from employer(s)2010-12-31$50,418
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$880
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : SANTA MONICA BMW 401K PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for SANTA MONICA BMW 401K PROFIT SHARING PLAN

2009: SANTA MONICA BMW 401K PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )
Policy contract number63163
Policy instance 1
Insurance contract or identification number63163
Number of Individuals Covered27
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $734
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $734
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?3
Insurance broker nameTERRY C. ROBERTSON

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