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INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 401k Plan overview

Plan NameINTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN
Plan identification number 001

INTERNATIONAL MOTOR FREIGHT, 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

INTERNATIONAL MOTOR FREIGHT, INC. has sponsored the creation of one or more 401k plans.

Company Name:INTERNATIONAL MOTOR FREIGHT, INC.
Employer identification number (EIN):222821936
NAIC Classification:484110
NAIC Description:General Freight Trucking, Local

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01STEVE DRISCOLL2024-02-08 CHRISTOPHER GRATO2024-02-08
0012022-01-01STEVE DRISCOLL2023-03-24 CHRISTOPHER GRATO2023-03-24
0012021-01-01STEVE DRISCOLL2022-08-24 CHRIS GRATO2022-08-24
0012020-01-01STEPHEN DRISCOLL2021-09-10 CHRISTOPHER GRATO2021-09-10
0012019-01-01STEPHEN DRISCOLL2020-04-20 CHRISTOPHER GRATO2020-04-20
0012018-01-01STEPHEN DRISCOLL2019-08-12
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01STEPHEN DRISCOLL2013-09-27 STEPHEN DRISCOLL2013-09-27
0012011-01-01STEPHEN DRISCOLL2012-08-21 STEPHEN DRISCOLL2012-08-21
0012010-01-01STEPHEN DRISCOLL2011-07-20 STEPHEN DRISCOLL2011-07-20

Plan Statistics for INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN

401k plan membership statisitcs for INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN

Measure Date Value
2023: INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01133
Total number of active participants reported on line 7a of the Form 55002023-01-01124
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-017
Total of all active and inactive participants2023-01-01131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01131
Number of participants with account balances2023-01-0180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01131
Total number of active participants reported on line 7a of the Form 55002022-01-01124
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-016
Total of all active and inactive participants2022-01-01130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01130
Number of participants with account balances2022-01-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01124
Total number of active participants reported on line 7a of the Form 55002021-01-01117
Number of other retired or separated participants entitled to future benefits2021-01-016
Total of all active and inactive participants2021-01-01123
Total participants2021-01-01123
Number of participants with account balances2021-01-0176
2020: INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01126
Total number of active participants reported on line 7a of the Form 55002020-01-01119
Number of other retired or separated participants entitled to future benefits2020-01-015
Total of all active and inactive participants2020-01-01124
Total participants2020-01-01124
Number of participants with account balances2020-01-0170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01125
Total number of active participants reported on line 7a of the Form 55002019-01-01121
Number of other retired or separated participants entitled to future benefits2019-01-015
Total of all active and inactive participants2019-01-01126
Total participants2019-01-01126
Number of participants with account balances2019-01-0169
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01122
Total number of active participants reported on line 7a of the Form 55002018-01-01106
Number of other retired or separated participants entitled to future benefits2018-01-0119
Total of all active and inactive participants2018-01-01125
Total participants2018-01-01125
Number of participants with account balances2018-01-0181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010

Financial Data on INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN

Measure Date Value
2023 : INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2023 401k financial data
Total income from all sources2023-12-31$1,146,912
Expenses. Total of all expenses incurred2023-12-31$177,424
Benefits paid (including direct rollovers)2023-12-31$139,526
Total plan assets at end of year2023-12-31$6,586,112
Total plan assets at beginning of year2023-12-31$5,616,624
Value of fidelity bond covering the plan2023-12-31$750,000
Total contributions received or receivable from participants2023-12-31$286,583
Other income received2023-12-31$830,643
Net income (gross income less expenses)2023-12-31$969,488
Net plan assets at end of year (total assets less liabilities)2023-12-31$6,586,112
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$5,616,624
Assets. Value of participant loans2023-12-31$54,779
Total contributions received or receivable from employer(s)2023-12-31$29,686
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$37,898
2022 : INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-570,421
Total of all expenses incurred2022-12-31$122,649
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$94,485
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$303,453
Value of total assets at end of year2022-12-31$5,616,624
Value of total assets at beginning of year2022-12-31$6,309,694
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$28,164
Total interest from all sources2022-12-31$6,726
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$750,000
If this is an individual account plan, was there a blackout period2022-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$274,199
Participant contributions at end of year2022-12-31$57,629
Participant contributions at beginning of year2022-12-31$30,863
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$964
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-693,070
Value of net assets at end of year (total assets less liabilities)2022-12-31$5,616,624
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$6,309,694
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 beginning of year2022-12-31$5,986,846
Value of interest in pooled separate accounts at end of year2022-12-31$5,234,974
Interest on participant loans2022-12-31$1,764
Interest earned on other investments2022-12-31$4,962
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$295,731
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$265,399
Net investment gain/loss from pooled separate accounts2022-12-31$-880,600
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 contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$28,290
Employer contributions (assets) at end of year2022-12-31$28,290
Employer contributions (assets) at beginning of year2022-12-31$26,586
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$94,485
Contract administrator fees2022-12-31$28,164
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31Yes
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 name2022-12-31BDG CPAS
Accountancy firm EIN2022-12-31222625944
2021 : INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$1,193,038
Total of all expenses incurred2021-12-31$185,705
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$146,569
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$256,807
Value of total assets at end of year2021-12-31$6,309,694
Value of total assets at beginning of year2021-12-31$5,302,361
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$39,136
Total interest from all sources2021-12-31$5,499
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$454,237
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$454,237
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$750,000
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$216,584
Participant contributions at end of year2021-12-31$30,863
Participant contributions at beginning of year2021-12-31$37,941
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$13,637
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$1,007,333
Value of net assets at end of year (total assets less liabilities)2021-12-31$6,309,694
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$5,302,361
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$5,986,846
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$5,026,217
Interest on participant loans2021-12-31$1,552
Interest earned on other investments2021-12-31$3,947
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$265,399
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$212,755
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$476,495
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 contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$26,586
Employer contributions (assets) at end of year2021-12-31$26,586
Employer contributions (assets) at beginning of year2021-12-31$25,448
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$146,569
Contract administrator fees2021-12-31$39,136
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 name2021-12-31BDG CPAS
Accountancy firm EIN2021-12-31222625944
2020 : INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$806,765
Total of all expenses incurred2020-12-31$1,514,343
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,483,181
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$217,080
Value of total assets at end of year2020-12-31$5,302,361
Value of total assets at beginning of year2020-12-31$6,009,939
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$31,162
Total interest from all sources2020-12-31$5,704
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$750,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$191,632
Participant contributions at end of year2020-12-31$37,941
Participant contributions at beginning of year2020-12-31$50,567
Participant contributions at beginning of year2020-12-31$41
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-707,578
Value of net assets at end of year (total assets less liabilities)2020-12-31$5,302,361
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$6,009,939
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$5,026,217
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$5,736,259
Interest on participant loans2020-12-31$2,094
Interest earned on other investments2020-12-31$3,610
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$212,755
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$197,723
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$583,981
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$25,448
Employer contributions (assets) at end of year2020-12-31$25,448
Employer contributions (assets) at beginning of year2020-12-31$25,349
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,483,181
Contract administrator fees2020-12-31$31,162
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 name2020-12-31BDG CPAS
Accountancy firm EIN2020-12-31222625944
2019 : INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2019 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$84,650
Total income from all sources (including contributions)2019-12-31$1,318,565
Total of all expenses incurred2019-12-31$455,603
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$442,082
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$196,625
Value of total assets at end of year2019-12-31$6,009,939
Value of total assets at beginning of year2019-12-31$5,231,627
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$13,521
Total interest from all sources2019-12-31$7,034
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$750,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$164,609
Participant contributions at end of year2019-12-31$50,567
Participant contributions at beginning of year2019-12-31$54,378
Participant contributions at end of year2019-12-31$41
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$8,167
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$84,650
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$862,962
Value of net assets at end of year (total assets less liabilities)2019-12-31$6,009,939
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$5,146,977
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$5,736,259
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$4,973,021
Interest on participant loans2019-12-31$2,692
Interest earned on other investments2019-12-31$4,342
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$197,723
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$178,838
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,114,906
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$23,849
Employer contributions (assets) at end of year2019-12-31$25,349
Employer contributions (assets) at beginning of year2019-12-31$25,390
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$442,082
Contract administrator fees2019-12-31$13,521
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BDG CPAS
Accountancy firm EIN2019-12-31222625944
2018 : INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2018 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$84,650
Total income from all sources (including contributions)2018-12-31$-146,917
Total of all expenses incurred2018-12-31$155,311
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$137,371
Value of total corrective distributions2018-12-31$15,710
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$198,123
Value of total assets at end of year2018-12-31$5,231,627
Value of total assets at beginning of year2018-12-31$5,449,205
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$2,230
Total interest from all sources2018-12-31$4,298
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$750,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$172,733
Participant contributions at end of year2018-12-31$54,378
Participant contributions at beginning of year2018-12-31$21,080
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$84,650
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-302,228
Value of net assets at end of year (total assets less liabilities)2018-12-31$5,146,977
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$5,449,205
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$4,973,021
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$5,221,977
Interest on participant loans2018-12-31$1,204
Interest earned on other investments2018-12-31$3,094
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$178,838
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$180,782
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-349,338
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$25,390
Employer contributions (assets) at end of year2018-12-31$25,390
Employer contributions (assets) at beginning of year2018-12-31$25,366
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$137,371
Contract administrator fees2018-12-31$2,230
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BDG-CPAS
Accountancy firm EIN2018-12-31222625944

Form 5500 Responses for INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN

2023: INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
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: INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
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: INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
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: INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: INTERNATIONAL MOTOR FREIGHT, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number75412901
Policy instance 1
Insurance contract or identification number75412901
Number of Individuals Covered79
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
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
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number75412901
Policy instance 1
Insurance contract or identification number75412901
Number of Individuals Covered75
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
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
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA829621
Policy instance 1
Insurance contract or identification numberGA829621
Number of Individuals Covered74
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of fees paid to insurance companyUSD $2,765
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
Amount paid for insurance broker fees2765
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA829621
Policy instance 1
Insurance contract or identification numberGA829621
Number of Individuals Covered70
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $4,400
Total amount of fees paid to insurance companyUSD $2,413
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
Commission paid to Insurance BrokerUSD $4,400
Amount paid for insurance broker fees2413
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA829621
Policy instance 1
Insurance contract or identification numberGA829621
Number of Individuals Covered69
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $12,865
Total amount of fees paid to insurance companyUSD $2,816
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
Commission paid to Insurance BrokerUSD $12,865
Amount paid for insurance broker fees2816
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA829621
Policy instance 1
Insurance contract or identification numberGA829621
Number of Individuals Covered73
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $16,546
Total amount of fees paid to insurance companyUSD $2,082
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $16,546
Amount paid for insurance broker fees2082

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