401k Plan data: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN plan

SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 401k Plan overview

Plan Name	SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN
Plan identification number	001

SAKTHI AUTOMOTIVE GROUP USA INC 401(K) 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.
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

SAKTHI AUTOMOTIVE GROUP USA INC has sponsored the creation of one or more 401k plans.

Company Name: SAKTHI AUTOMOTIVE GROUP USA INC

Employer identification number (EIN): 273719514

NAIC Classification: 336300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2018-01-01
001 2018-01-01
001 2017-01-01 LALIT KUMAR
001 2017-01-01 LALIT KUMAR
001 2017-01-01 2018-10-15
001 2016-01-01 LALIT KUMAR LALIT KUMAR 2017-10-16
001 2015-01-01 MICHAEL HARTT 2016-05-23 MICHAEL HARTT 2016-05-23
001 2014-01-01 NALIN CHAUDHRY 2015-08-12 NALIN CHAUDHRY 2015-08-12
001 2013-09-01 ROBERT KELSCH 2014-06-13 ROBERT KELSCH 2014-06-13

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2018-01-01
001	2018-01-01
001	2017-01-01	LALIT KUMAR
001	2017-01-01	LALIT KUMAR
001	2017-01-01		2018-10-15
001	2016-01-01	LALIT KUMAR		LALIT KUMAR	2017-10-16
001	2015-01-01	MICHAEL HARTT	2016-05-23	MICHAEL HARTT	2016-05-23
001	2014-01-01	NALIN CHAUDHRY	2015-08-12	NALIN CHAUDHRY	2015-08-12
001	2013-09-01	ROBERT KELSCH	2014-06-13	ROBERT KELSCH	2014-06-13

Plan Statistics for SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN

401k plan membership statisitcs for SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN

Measure Date Value
2020: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 371
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 0
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 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 0
Number of participants with account balances 2020-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 2
2019: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 682
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 345
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 28
Total of all active and inactive participants 2019-01-01 373
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 373
Number of participants with account balances 2019-01-01 63
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 5
2018: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 539
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 602
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 11
Total of all active and inactive participants 2018-01-01 613
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 613
Number of participants with account balances 2018-01-01 39
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 5
2017: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 463
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 604
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 6
Total of all active and inactive participants 2017-01-01 610
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 610
Number of participants with account balances 2017-01-01 32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 2
2016: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 247
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 414
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 7
Total of all active and inactive participants 2016-01-01 421
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 421
Number of participants with account balances 2016-01-01 29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 4

Measure	Date	Value
2020: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	371
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	0
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	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	0
Number of participants with account balances	2020-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	2
2019: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	682
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	345
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	28
Total of all active and inactive participants	2019-01-01	373
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	373
Number of participants with account balances	2019-01-01	63
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	5
2018: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	539
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	602
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	11
Total of all active and inactive participants	2018-01-01	613
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	613
Number of participants with account balances	2018-01-01	39
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	5
2017: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	463
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	604
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	6
Total of all active and inactive participants	2017-01-01	610
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	610
Number of participants with account balances	2017-01-01	32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	2
2016: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	247
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	414
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	7
Total of all active and inactive participants	2016-01-01	421
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	421
Number of participants with account balances	2016-01-01	29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	4

Financial Data on SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN

Measure	Date	Value
2020 : SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-17	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-17	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-17	$0
Total income from all sources (including contributions)	2020-12-17	$95,977
Total loss/gain on sale of assets	2020-12-17	$0
Total of all expenses incurred	2020-12-17	$1,122,089
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-17	$1,087,551
Value of total corrective distributions	2020-12-17	$9,874
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-17	$21,861
Value of total assets at end of year	2020-12-17	$0
Value of total assets at beginning of year	2020-12-17	$1,026,112
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-17	$24,664
Total interest from all sources	2020-12-17	$1,499
Total dividends received (eg from common stock, registered investment company shares)	2020-12-17	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-17	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2020-12-17	$0
Was this plan covered by a fidelity bond	2020-12-17	No
If this is an individual account plan, was there a blackout period	2020-12-17	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-17	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-17	No
Contributions received from participants	2020-12-17	$16,160
Participant contributions at end of year	2020-12-17	$0
Participant contributions at beginning of year	2020-12-17	$19,379
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-17	No
Value of net income/loss	2020-12-17	$-1,026,112
Value of net assets at end of year (total assets less liabilities)	2020-12-17	$0
Value of net assets at beginning of year (total assets less liabilities)	2020-12-17	$1,026,112
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-17	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-17	No
Were any leases to which the plan was party in default or uncollectible	2020-12-17	No
Value of interest in pooled separate accounts at end of year	2020-12-17	$0
Value of interest in pooled separate accounts at beginning of year	2020-12-17	$918,987
Interest on participant loans	2020-12-17	$453
Interest earned on other investments	2020-12-17	$1,046
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-17	$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-17	$87,746
Net investment gain/loss from pooled separate accounts	2020-12-17	$72,617
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-17	No
Was there a failure to transmit to the plan any participant contributions	2020-12-17	Yes
Has the plan failed to provide any benefit when due under the plan	2020-12-17	No
Contributions received in cash from employer	2020-12-17	$5,701
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-17	$1,087,551
Contract administrator fees	2020-12-17	$24,664
Did the plan have assets held for investment	2020-12-17	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-17	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-17	No
Opinion of an independent qualified public accountant for this plan	2020-12-17	Disclaimer
Accountancy firm name	2020-12-17	ALAN C YOUNG & ASSOCIATES, P.C.
Accountancy firm EIN	2020-12-17	382463166
2019 : SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$384,728
Total income from all sources (including contributions)	2019-12-31	$384,728
Total loss/gain on sale of assets	2019-12-31	$0
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$99,060
Total of all expenses incurred	2019-12-31	$99,060
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$66,222
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$66,222
Value of total corrective distributions	2019-12-31	$24,548
Value of total corrective distributions	2019-12-31	$24,548
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$209,766
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$209,766
Value of total assets at end of year	2019-12-31	$1,026,112
Value of total assets at end of year	2019-12-31	$1,026,112
Value of total assets at beginning of year	2019-12-31	$740,444
Value of total assets at beginning of year	2019-12-31	$740,444
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$8,290
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$8,290
Total interest from all sources	2019-12-31	$1,542
Total interest from all sources	2019-12-31	$1,542
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Was this plan covered by a fidelity bond	2019-12-31	No
Was this plan covered by a fidelity bond	2019-12-31	No
If this is an individual account plan, was there a blackout period	2019-12-31	No
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$167,603
Contributions received from participants	2019-12-31	$167,603
Participant contributions at end of year	2019-12-31	$19,379
Participant contributions at end of year	2019-12-31	$19,379
Participant contributions at beginning of year	2019-12-31	$2,679
Participant contributions at beginning of year	2019-12-31	$2,679
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$285,668
Value of net income/loss	2019-12-31	$285,668
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$1,026,112
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$1,026,112
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$740,444
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$740,444
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in pooled separate accounts at end of year	2019-12-31	$918,987
Value of interest in pooled separate accounts at end of year	2019-12-31	$918,987
Value of interest in pooled separate accounts at beginning of year	2019-12-31	$650,372
Value of interest in pooled separate accounts at beginning of year	2019-12-31	$650,372
Interest on participant loans	2019-12-31	$380
Interest on participant loans	2019-12-31	$380
Interest earned on other investments	2019-12-31	$1,162
Interest earned on other investments	2019-12-31	$1,162
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2019-12-31	$87,746
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2019-12-31	$87,746
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2019-12-31	$87,393
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2019-12-31	$87,393
Net investment gain/loss from pooled separate accounts	2019-12-31	$173,420
Net investment gain/loss from pooled separate accounts	2019-12-31	$173,420
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2019-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$42,163
Contributions received in cash from employer	2019-12-31	$42,163
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$66,222
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$66,222
Contract administrator fees	2019-12-31	$8,290
Contract administrator fees	2019-12-31	$8,290
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	ALAN C YOUNG & ASSOCIATES, P.C.
Accountancy firm name	2019-12-31	ALAN C YOUNG & ASSOCIATES, P.C.
Accountancy firm EIN	2019-12-31	382463166
Accountancy firm EIN	2019-12-31	382463166
2018 : SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets	2018-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total income from all sources (including contributions)	2018-12-31	$153,867
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$168,675
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$133,585
Expenses. Certain deemed distributions of participant loans	2018-12-31	$1,485
Value of total corrective distributions	2018-12-31	$30,277
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$205,612
Value of total assets at end of year	2018-12-31	$740,445
Value of total assets at beginning of year	2018-12-31	$755,253
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$3,328
Total interest from all sources	2018-12-31	$1,193
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$172,118
Participant contributions at end of year	2018-12-31	$2,680
Participant contributions at beginning of year	2018-12-31	$1,516
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$-14,808
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$740,445
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$755,253
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Value of interest in pooled separate accounts at end of year	2018-12-31	$650,372
Value of interest in pooled separate accounts at beginning of year	2018-12-31	$671,257
Interest on participant loans	2018-12-31	$73
Interest earned on other investments	2018-12-31	$1,120
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2018-12-31	$87,393
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2018-12-31	$82,480
Net investment gain/loss from pooled separate accounts	2018-12-31	$-52,938
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$33,494
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$133,585
Contract administrator fees	2018-12-31	$3,328
Did the plan have assets held for investment	2018-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	ALAN C YOUNG & ASSOCIATES, P.C.
Accountancy firm EIN	2018-12-31	382463166
2017 : SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets	2017-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total income from all sources (including contributions)	2017-12-31	$331,893
Total loss/gain on sale of assets	2017-12-31	$0
Total of all expenses incurred	2017-12-31	$40,371
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$29,943
Value of total corrective distributions	2017-12-31	$6,390
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$232,046
Value of total assets at end of year	2017-12-31	$755,253
Value of total assets at beginning of year	2017-12-31	$463,731
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$4,038
Total interest from all sources	2017-12-31	$1,539
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$193,430
Participant contributions at end of year	2017-12-31	$1,516
Participant contributions at beginning of year	2017-12-31	$1,058
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$2,670
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$291,522
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$755,253
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$463,731
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Value of interest in pooled separate accounts at end of year	2017-12-31	$671,257
Value of interest in pooled separate accounts at beginning of year	2017-12-31	$353,985
Interest on participant loans	2017-12-31	$43
Interest earned on other investments	2017-12-31	$1,496
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2017-12-31	$82,480
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2017-12-31	$108,688
Net investment gain/loss from pooled separate accounts	2017-12-31	$98,308
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Contributions received in cash from employer	2017-12-31	$35,946
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$29,943
Contract administrator fees	2017-12-31	$4,038
Did the plan have assets held for investment	2017-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	ALAN C. YOUNG & ASSOCIATES, P.C.
Accountancy firm EIN	2017-12-31	382463166
2016 : SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets	2016-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total income from all sources (including contributions)	2016-12-31	$257,575
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$40,568
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$13,328
Value of total corrective distributions	2016-12-31	$24,098
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$238,808
Value of total assets at end of year	2016-12-31	$463,731
Value of total assets at beginning of year	2016-12-31	$246,724
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$3,142
Total interest from all sources	2016-12-31	$977
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$202,192
Participant contributions at end of year	2016-12-31	$1,058
Participant contributions at beginning of year	2016-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$217,007
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$463,731
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$246,724
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in pooled separate accounts at end of year	2016-12-31	$353,985
Value of interest in pooled separate accounts at beginning of year	2016-12-31	$218,611
Interest on participant loans	2016-12-31	$9
Interest earned on other investments	2016-12-31	$968
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2016-12-31	$108,688
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2016-12-31	$28,113
Net investment gain/loss from pooled separate accounts	2016-12-31	$17,790
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$36,616
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$13,328
Contract administrator fees	2016-12-31	$3,142
Did the plan have assets held for investment	2016-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	ALAN C. YOUNG & ASSOCIATES, P.C.
Accountancy firm EIN	2016-12-31	382463166

Form 5500 Responses for SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN

2020: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) 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	Yes
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) 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 – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	Yes
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 – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement – Insurance	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	Yes
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: SAKTHI AUTOMOTIVE GROUP USA INC 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )

Policy contract number

068218

Policy instance

Insurance contract or identification number	068218
Number of Individuals Covered	0
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-17
Total amount of commissions paid to insurance broker	USD $3,045
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	0
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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 Broker	USD $3,045
Insurance broker organization code?	3

MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )

Policy contract number

068218

Policy instance

Insurance contract or identification number	068218
Number of Individuals Covered	373
Insurance policy start date	2019-01-01
Insurance policy end date	2019-12-31
Total amount of commissions paid to insurance broker	USD $4,712
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	0
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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 Broker	USD $4,712
Insurance broker organization code?	3

MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )

Policy contract number

068218

Policy instance

Insurance contract or identification number	068218
Number of Individuals Covered	613
Insurance policy start date	2018-01-01
Insurance policy end date	2018-12-31
Total amount of commissions paid to insurance broker	USD $4,134
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	0
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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 Broker	USD $4,134
Insurance broker organization code?	3

MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )

Policy contract number

068218

Policy instance

Insurance contract or identification number	068218
Insurance policy start date	2017-01-01
Insurance policy end date	2017-12-31
Total amount of commissions paid to insurance broker	USD $3,177
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	0
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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 Broker	USD $3,177
Insurance broker organization code?	3
Insurance broker name	HANTZ FINANCIAL SERVICES INC

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Company Name:	SAKTHI AUTOMOTIVE GROUP USA INC
Employer identification number (EIN):	273719514
NAIC Classification:	336300