Logo

ADVANCED COLLISION, INC. 401(K) PLAN 401k Plan overview

Plan NameADVANCED COLLISION, INC. 401(K) PLAN
Plan identification number 001

ADVANCED COLLISION, INC. 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ADVANCED COLLISION, INC. has sponsored the creation of one or more 401k plans.

Company Name:ADVANCED COLLISION, INC.
Employer identification number (EIN):202834031
NAIC Classification:811120
NAIC Description: Automotive Body, Paint, Interior, and Glass Repair

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ADVANCED COLLISION, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MARK YATES2024-10-11 MARK YATES2024-10-11
0012022-01-01KAREN LOWE2023-10-11
0012022-01-01KAREN LOWE2024-04-11
0012021-01-01
0012020-01-01
0012019-01-01KAREN D LOWE2020-06-29 KAREN D LOWE2020-06-29
0012018-01-01KAREN D LOWE2019-07-31 KAREN D LOWE2019-07-30

Financial Data on ADVANCED COLLISION, INC. 401(K) PLAN

Measure Date Value
2025 : ADVANCED COLLISION, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-140
Total liabilities as of the end of the plan year2025-10-140
Total liabilities as of the beginning of the plan year2025-10-140
Total expenses incurred by plan in this plan year2025-10-14144219
Net assets as of the end of the plan year2025-10-141866687
Total assets as of the beginning of the plan year2025-10-141175383
Value of plan covered by a fidelity bond2025-10-14100000
Participant contributions to plan in this plan year2025-10-14301714
Other expenses paid from plan in this plan year2025-10-140
Other contributions to plan in this plan year2025-10-14162932
Other income to plan in this plan year2025-10-14174967
Plan net income in this plan year2025-10-14691304
Net assets as of the end of the plan year2025-10-141866687
Net assets as of the beginning of the plan year2025-10-141175383
Value of contributions failed to transmitted timely2025-10-14287024
Employer contributions to plan in this plan year2025-10-14195910
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-1425594
2024 : ADVANCED COLLISION, INC. 401(K) PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-10-120
Total liabilities as of the beginning of the plan year2024-10-120
Total expenses incurred by plan in this plan year2024-10-12144691
Net assets as of the end of the plan year2024-10-121175383
Total assets as of the beginning of the plan year2024-10-12753393
Value of plan covered by a fidelity bond2024-10-12100000
Participant contributions to plan in this plan year2024-10-12204782
Other contributions to plan in this plan year2024-10-1270211
Other income to plan in this plan year2024-10-12156335
Plan net income in this plan year2024-10-12421990
Net assets as of the end of the plan year2024-10-121175383
Net assets as of the beginning of the plan year2024-10-12753393
Value of contributions failed to transmitted timely2024-10-1298864
Employer contributions to plan in this plan year2024-10-12135353
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-1215639
2022 : ADVANCED COLLISION, INC. 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$179,325
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$71,524
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$59,091
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$296,803
Value of total assets at end of year2022-12-31$753,393
Value of total assets at beginning of year2022-12-31$645,592
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$12,433
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$12,325
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$12,325
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$100,000
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$175,853
Participant contributions at end of year2022-12-31$0
Participant contributions 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$107,801
Value of net assets at end of year (total assets less liabilities)2022-12-31$753,393
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$645,592
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$751,039
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$640,484
Value of interest in pooled separate accounts at end of year2022-12-31$1,539
Value of interest in pooled separate accounts at beginning of year2022-12-31$4,120
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$815
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$988
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-129,234
Net investment gain/loss from pooled separate accounts2022-12-31$-569
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$120,950
Employer contributions (assets) at end of year2022-12-31$0
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$59,091
Contract administrator fees2022-12-31$12,433
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 name2022-12-31JOHNSON, HICKEY & MUNCHSSON, PL
Accountancy firm EIN2022-12-31621046406
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$179,325
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$71,524
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$59,091
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$296,803
Value of total assets at end of year2022-01-01$753,393
Value of total assets at beginning of year2022-01-01$645,592
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$12,433
Total interest from all sources2022-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$12,325
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$12,325
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$100,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$175,853
Participant contributions at end of year2022-01-01$0
Participant contributions at beginning of year2022-01-01$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$107,801
Value of net assets at end of year (total assets less liabilities)2022-01-01$753,393
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$645,592
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$751,039
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$640,484
Value of interest in pooled separate accounts at end of year2022-01-01$1,539
Value of interest in pooled separate accounts at beginning of year2022-01-01$4,120
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-01-01$815
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-01-01$988
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-129,234
Net investment gain/loss from pooled separate accounts2022-01-01$-569
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01Yes
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$120,950
Employer contributions (assets) at end of year2022-01-01$0
Employer contributions (assets) at beginning of year2022-01-01$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$59,091
Contract administrator fees2022-01-01$12,433
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01JOHNSON, HICKEY & MUNCHSSON, PL
Accountancy firm EIN2022-01-01621046406

Form 5500 Responses for ADVANCED COLLISION, INC. 401(K) PLAN

2022: ADVANCED COLLISION, INC. 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

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number626316
Policy instance 2

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